THE PAROCHIAL QIURCH COUNaL OF THE ECCLESIASTICAL PARISM OF ST ALBAN WITH ST AUGUSTINE, FULHAM The Parochial Church Council of The Ecclesiastical Parish of St Alban with St Augustine, Fulham (Charity Number 1146860) Reports And Accounts ForThe Year Ended 31st December 2025 Contents Aims, objectives, structure and governance.....- Overview..................................................................... .. . structure, governance and management....................-.................... Management......-............-.......................-...-........................ PCC Members........................................................................... Church Attendance & Electornl Roll ............................................... Administrative Informètion............. Priest in Charge Report 2024- the Shape of the church ............................................................-.....-..-.. Vision.....................................................-.......................................... Welcome and H05Pitality.................................. Worship............................................................................................ ...... The Table . The Well...................... ... . Tuesday morning prayer............. Kids church....................................................-..-......... Playcafé........................................................... Church Warden's Report...... ... Foodbank................................................................ Fabrics Report.........................................................-......................... Safeguardln8 Report...........-...-...-..........-.....-..-..-.-........... Deanery Synod'5 Repre5entstive Review...................................... .... -.. Treasurer's Report.........................................................-...-.......... .. Deficit.........-. Income....... Expenditure........................................................... ... Funds.....-...-... Reserve Policy.-....-............................................ Independent Examiner............................................................ .10 .10 .10 .10 Indendent ExamiAÈr's RÈport.............................................................................----.. Statement of Financial Activiknes........................ . .11 -12 Balance Sheet....................................................-........ .13 Notes to the Financial Statements for the year ended 2024. .14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST ALBAN WITH ST AUGusnNE, FULHAM Aims, objectives, structure and governance Overview The Parochial Church Council of St Albans with St Augustine, Fulham has the respoftslbility of to- operating with the Minister in charge in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. St Alban's Fulham is an active Anglican church in London, committed to sharing the gospel within our parish. In the past year, we welcomed Reverend Christopher Stewart as our new Minister-In-Char8e under the Prie5t-In-Charge Reverend Pete Wnter of St Pauls Hammersmith. The PCC confirms that they have had due regard for the guidance issued by the Charity Commission on public benefit and that they will continue to ensure that each year they consider how they mav continue to meet the public benefit objectives outlined in Section 4 of the Charities Act 2011. Structure, governance and management The PCC is a corporate body established by the Church of England. Following the enactment of the Charities Act 2006, the PCC registered with the Charity Commission on 12 April 2012. The charity number is 1146860. The PCC is governed under the Parochial Church Council (Powers) Measure 1956 and the Church Representation Rules. 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 met 6 times during the year. Management The Minister in Charge manages the PCC together with the executive team, which consists of PCC the council and staff.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST Ai8AN WITH ST AUGUSTINE. FULHAM PCC Members Members of the PCC were elected at the annual parochial churth meeting IAPCM} held in April 2025, in accordante with the Church Representation Rules. Church members were invited to nominate candidates for election. Instructions were given regarding the nature of the role and relevant qualities. Once elected. the new councll members were Invited to focus on particular areas of church life. Those who served as members of the PCC during the period or who were appointed or who have resigned since were as follows: Chair. Chris Stewart lappointed 28 May 20251 Church Wardens: Hazel Mann (appointed 18 October 20201 Emma Kirk from November 25 PCC Secretary. Vivienne Lukey lappolnted 6 April 20251 Alexandra Noel lappointed 21 Aprll 2024 retired 6 April 2025} Treasurer: Andrew Prince (appointed July 20231 Elected Members: Hazel Mann (appointed 14 April 20191 Alexandra Noel (reappointed 21 April 2024. retired 6 Aprll 20251 Vivienne Lukey Ireappointed 6 April 20251 Amy Baird (appointed 21 April 20241 Ana Lucia Villagram {appointed 21 April 20241 Jennifrr Huxtable (appointed 6 April 2025. resigned November 251 Cambry Pardee (appointed 21 April 2024. resigned 6 April 20251 Samuel Gilbert lappointed 23 April 2023, resigned 6 Aprll 20251 Eleanor Gilbert (formerly Norrls appointed 2 April 2017, resigned 6 April 20251 CoPted Members Andrew Prince (co-opted 21 April 2024, 6 April 20251 Deanery Synod Rep: Hazel Mann (appointed 21 April 20241 Church Attendonce & Electoml Roll Usual Sunday attendance: 38 - 55ppl. This is due to the thurch being in and out of vacanry over the past 5 years. The church 15 only beginning to re-establish itself. Electoral roll is 47 Administrative Informotion Prlnclpal Address: 2 Margravine Road. Fulham, London, W6 8HJ
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM Priest in Charge Report2024-the shape of the church Vision St Albans Fulham ha5 been through a lot of change over the past 5 years and our aim as a community over the past 12 months has been to re-establish a growing, thriving congregation, to rekindle connettions with the local community, including residents, schools. nurseries and businesses. To discern what the Lord is calling us to be and do in this community for the years to come. It has also been a season of re-e5tablishing a healthy financial position as a church, putting in place strategies to make Sure the is long teryn sustainable growth and financial stsbility, this has included havin8 The Hub rented out full time which we are glad to say we have achieved through the rental agreement of a full time Nursery on the ground floor, regular use by Tiggy's Circus and Sunday use by a Philippine Church. This has enabled usto have regular income each month and has helped us to pay back a couple of loans while also paying for our Mlnlster in-charge stipend and common fund. The Lord has spoken to us about being a well spring of lifr to those who come into the church. A foundational story to this churches vision is the woman at the well who encountered Jesus in a deeply profound well, she was restored, redeemed and transfom)ed by his love and Grace. We want those who are in the surrounding area. those who come into church to encounter the Lords presence in a new way that changes their INe forever. Coming away knowin8 they are loved and known by him. We have seen this many times over ir) the lasL 12 month5 and are excited to see more lives changed through him. through his well spring of life. The harvest is plentiful, but the workers are few, there is so much we can do in this area, Bridge The Gap, The Alpha Course. Supper Clubs, Clothes Banks, Refugee drop ins and much more. But all of this needs dedicated volunteers. We trust and believe the Lord is preparing us and buildlng his foundatlons in preparation for us as a community to bless those around us and see many come to know the Lord. Welcome ond Hospitolity Visitors have commented on how much they love the community feel, and how people made them feel super welcome. This is exactly what we hope and prdy our welcome team does each weekl As a team we are hosting people, like we would h05t people in our home. Church on Sunday is our home nd so we want people to be welcomed. valued. be introduced to others, and have some lovely tea5, ¢offees and nibbles waiting for them. Our Vision and Value as a church is that people come and encounter Jesus and are transformed through him by his Spirit. We want to be those people facilitating that spate for people to encounter Jesus. We have a growing team of volunteers who aim to ensure that everyone who comes to St Alban's will feel welcome and want to become part of our church family. We serve coffee, tea and pastries at Sunday's café and offer gluten free and dairy free options. We have struggled gethng reliable food delivery for Sunday morning,. Tesco often fails to deliver on time so a change of approach may be needed. We have a break in the service to share the Peace, and this is a good opportunity for our current congregatlon and newcomers to connect. There 15 time at the end of the 5ervlce to catch up wlth each other too. The team has grown and we have had four new people join the team. We are so grateful forthe current team. many of whom have served faithfully for years. We have planned for and begun a community
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST AL8AN WITH ST AUGUSTINE, FULHAM lunch once a month after the service as another way to help integrate people who are new to our community. Worship As o Church we have been growing and re-establishin8 our worship team. We have collaborated with St Pauls Hammersmith and have many young people come and lead for us. This has been such a blessing to us and has helped us to grow ourteam on a Sunday and have a fuller band. Thi5 can consist of a cajon, electric guitar, worship leader with acoustic guitar, keys and a couple of backing vocals. We are planning an evening for the Worship team in 2026 to practlce and come together as a team and learn what it means to be part of worship at St Alban5 Fulham. This will be reoccurring once a term. rim Muller has been leading a monthly Worship and Prayer Night on Tuesdays. This has been a powerful time of reflection and devotion to the Lord. It also gives those who can't make 'The Table on a Wednesday an opportunityto come along. The Toble The Table is our main home group wh¢ch happens every second week on a Wednesday evenin8. We have been journeying through John Mark Comers course called Prarticins The Way. Our aim for these evenings IS to bijild community and go deeper with the Lord through teaching, prayer and worship. We gather around the table and have a meal together. Each week looks different, with some weeks focused on teaching, other weeks we lean into prayer and worship* and some other weeks we focus on socialising together and building community. Our aim as the church grows is that we develop leaders at The Table and release them to lead their own groups in their homes. We hope this will, in turn, make room to run The Alpha Course etc. The Well Our Vision as a Church has always been that St Albans Fulham would be a well spring of life for those in the area and those entering into the church. Just like the woman at the well who encountered Jesus In a profound way, we want people to encounter him, to be transformed and renewed by hlm through hls Holy Spirit. With this a5 the core vision for our church community, once a month on Tuesday evening we have a Worship and Prayer evening called The Well. It's a chance for us as a Church to gather and worship Jesus, pressing into a deeper calling with him through worship and prayer. It's been a special time of reflection and leaning into the presence of God. Tuesday morning prayer Every Tuesday morning, we gather on Zoom to pray for those in our congregation, the surrounding area, St Albans Church and what is going on in the world. It's been a blèssing to gather together and press into prayer, sharing words. vision5 and what we feel the lord is speaking to us about. Kids church Kids church has been so much fun over the last few month5. It has been wonderful to see the children actively growing in theirfaith. forming genuine friend5hip5 Wlth one other and becoming more curious with their questions. The younger children have been realty enjoying the kids worship songs, often engagingthrough dance, waving flags and playing the blow-up instruments by the stsge. We often begin sessions with some free play, such as in the garden. This has been invaluable, particularly on weeks with more children, as they have a chance to have fun and let off some excess energy. We always do plenty of crafts and the
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM children have all enjoyed being creative, often coming up with colourful and clever art ple¢es. We keep the crafts informal and encourage them to create with their own ideas. Each week, we have been learning a verse together and use actions to help with memorising It. We are currently doing a teaching series that has provided very helpful structure and content. The children are learning where things happen in the Bible and within the context of the whole Bible, as this series is chronological. The teaching always has a valuable message that a leader shares, and then we discuss some questions around the teaching. This is when the children begin to share their idea5 about Bible stories, as well as ask amazing questions, which often challenge and 5urpri5e leader5 With how simply and profoundly they think about the content of the stories. We now have rough 6 children who attend weekly. as well as several more who attend often. There is a wide age ronge, which can be challenging. However, there has been a lot of parental support, particularly for the younger children, which means the Sessions are accessible to all children. We will aim to make more use of the Hub for activities and game5. such as with the parachute, a5 more space can be helpful when we have busier weeks. We have several new volunteers with completed DBS checks, as well as a new register set up with Planning Centre, which have both enabled better safeguarding practices to ensure kids church remains safe and fun ft)r everyone. Playcafe Play Cafe continues to grow in numbers and joy. Éach Monday we see roughly 35 families, and on several occa5i0ns nearly 50. It has been a joy to see families growing in community and friendship with one another. It has been widely agreed by parents and carers that Play Cafe is the most warm. friendly and fur) local play group with excellent resources and toys. We have been offering activities that target readiness for pre-school and nursery, with the aim to equip and empower the children in thelr development. As a consequence, the children have grown hugely in confidence and independence. We have recently introduced thildren's worship songs and Bible stories, which have been very well received. The children have particularly enjoyed joining in with the actions to 'Our God is a Gat Big God,. This space has been invaluable for giving local families a sense of community. a5 well as providing a space for children to have fijn in! Church Warden's Report In May 2025 St Albans Fulham came out ofour interregnum and warmly welcomed Rev'd Christopher Stewart and hls family into our midst. During the interregnum, which lasted from June 2024-April 2025, the PCC and a dedicated but small team that kept the church open for Sunday Services and to make the community aware of our presence during that difficult time. Various meetings with Diocesan members and wlth the help of our treasurer V managed to create a safe monetary environment for a new Mlnister to tske the church forward. Since May 2025. Chris has worked diligently to promote unlty, team building and engagement from our now ever growing Conggation. Since he began, our numbers have grown bit by bit from 17 members up to 44 + . We have held a very successful carol concert in partnership with Carbon Kopi,
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH AUGUSTINE, FULHAM our local coffee shop, and our local public house, The Peartree, who provided the mulled wine. We hold a very popular programme called The Table where we meet as a community, share a meal, worship together and join in discussion and prayer. Once a month we now have a worship night. which is an evening of quietness away from the busy noise of London. Since Chris joined, we have been able to hold our PCC meetings again. Last year some members stood down as thelrtenU was up, and we had new members to carry on the work. We hope the same for the coming months when we will be seeking new members to join this invaluable church team. The church has grown slowly after two difficult periods. We work alongside St Paul's Hammersmith who often send worship team members and speakers who enhance what we already have. Plans for the futu include a men's football frve a side team. more of The Table and hopefully at some point youth work for the surrounding area. By working slowly and not rushing into things we have come together as a church that works well, and has such care for people and the neighbourhood. This was shown in our Bags of Kindness to the local community as a way of introducing ourselves. We look forward to our future with excitement now, especially as we will be hosting a nursery in the Hub, which has opened towards the end Aprll 2026. More of this in the Fabric Report. Hazel Mann Foodbank St Albans hosts a donation basket for Hammersmith and Fulham Foodbank and held special collections at Christmas and Easter. This year we wanted to reach our local community, and we packed nearly 4Tr) gift bags at Christmas. We delivered them to people on nearby estates, and it was very positive to meet our neighbours. Bags were also taken to Barons Court Homeless projert and the Foodbank. Bags were supplied to Age UK in Greyhound Rd and given out as gbfts at their Chrlstma5 Dinner. ivlenne Lukey Fabrics Report Over the last year the Hub has been the sole main of concern with much needed work5 having to be considered. This was from leak5 in the roof to plants growing out of the guttering. Pointing needed doing, guttering needed cleaning. and the inside of the Hub needed to be completely overhauled and made good because a popular nursery franchise wa5 interested in using our space. So new flooring is down. electrics updated. walls taken down to make even more room, and of course the roof has been completely repaired from the loose tile5 causing the leaks. We now have an amazing space after a year of hard work from a good team of builders, a space that has recently welcomed nursery school children. New toilets have also been put in place and bathrooms decorated to a high standard. The upstalrs pan of Ihe Mub Is useu by a Phlllpplne church on Sunday for their lively servbGe each week. The upstairs can also be vsed for wedding reteptions. funeral wakes, birthday parties and the like as it is now renovated to a good standard for general usage. Hazel Mann
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM Safeguarding Report Through the last 12 months we have continued to make St Albans a safe place for all to worship and be in community. Vivienne. the Parish Safeguarding offlcer has completed all the training required for the role from Baslc to Leadership levels. The PCC discu55 safeguarding at every meeting and have undertaken safeguarding training. We are continuing to use the Parish Safeguarding Dashboard to ensure we are putting in place measures to create a safe environment for all, including updating policies and introducing a new Social Media and Photography poliry. There has been no youth activity in the last year as a Church but as our Sunday Kids sessions have increased. We have done new risk assessments and ensured volunteers are appropriately recruited. There have been no serious incidents which have required reporting to the charity commission. Vivienne Lukey Deanery Synod's Representative Review I have been the Deanery Representative for St Alban5 for 3 years, and l am stepping down next year, but during these years it has been an honour to represent our church at this important meeting of neighbourlng churches. We meet usually 3 times a year in a different church each time. We can brlng the views of our own church to these meetings for (liscussion, and during my time we had many interesting sessions on items, from the importance of food banks to a representative from the Diocese, to talk about how helpful the Diocese can be to pO0r churche5. The Deanery also helps to inspire and influence mission and ministry, it helps provide communication, frien(Iship and sharing of idea5 and views church wlde in your Deanery area and form an important brldge between churches and the wider parish. I have found my time Interesting and often really informative. and to meet other churchwardens, presentatives and lay people created a feeling of close neighbourline55 and friendship. Hazel Mann
THE PAROCHIAL CHURCH COUNaL OF THE EcaESIASTICAL PARISH OF ST ALBAN WITH ST AUGusnNE, FULHAM Treasurer's Report The financial results for the year are set out on pages 12 to 23. Deficit The sUltS for the year reveal a deficit of E120,455 compared to a surplus of £33,471 in 2024. We expected to have a laoe deficit this year as we planned a big programme of maintenance to the church hall. Income Overall income is down by £6,079 at E119,5461£125,625 in 20241- a decrease of 5%, largely because of: Nil receipts from HUB lower floor rental1£33,515.32 In 20241 due to a tenant relinquishing a lease and during our refurbishment programme Voluntary income was actually 14% better at £73,1581£64,001 in 20241. Two very helpful grants of £10,000 from the diocese for capital work5 on the hub and £5,000 from St Paul'5, Hammersmith to help the minister in charge into his role mask a reduction in Planned giving which was down £7,899 to £56.102. But on a positive note the was an encouraging increase in adhot bookin85 of 250% to £22.92016,550 in 2024}. In December, we signed a lease on the lower floor of the hub which will provide income from April 2026. Expenditure Expenditure was very Significantly higher by £148,027 to £240,0011£91.974 in 20241. The main differences were: Increase in hub maintenance Costs to £97,9631£583 In 20241 Increase in legal, professional ftes of £27.095 to £34.1681£7,0741 relatin8 to planning changes & related survey5 to 311ow a nursery in the renewed hub. This includes agent fees nd lawyer5, fees. Increase in Common Fund contributions of £11,059 to £18,0001£6,941 in 2024- an increase of 159%). Inc ase in Staff Costs of £4,077152%1 to £11,8271£7,749 in 20241 Increase in Vicarage Costs £10,6031£555 in 20241 relating to installatlon of our new Minister in Charge Depreciation was £1,635 Inil irb 20241 Our improvement progrdmme on the Hub was planned. We knew our reserves were insufficient for the whole improvement programme, so we obtained a loan of £40,(KK) from the cliocese, repayable over 5 year5. A member of the Cong63t10n a150 loaned a further £20,000. We are most grateful for both these loans. Some of the hub improvement works were capitalised in the Fixed Assets flgures on the Balance Sheet1£56,4861.
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARIStrI OF ST AL8AN WITH ST AVGUSTINE, FULHAM Funds At the year end, the PCC'S general funds stood at £3,1641£95,846 in 20241, designated fund5 £1.977 (£20,584 in 20241 and restricted funds at £24,752 IE33,498 in 20241. Reserve Policy The PCC feels that it 15 prudent to adopt a reserve policy and, therefo, aim5 to have three months of operating costs in reserve, derived from accumulated contributions and rental income. However, we have used reserves for a major improvement programme in the hub which should increase income in future years. The church remains dependent on the continued sUPPOrt of the congregation. The PCC has reviewed the projedion5 for 2026 and feels confident that we can continue as a going concem throughout the year. The Hub is now leased again this year but at half rent until May 2027- and we are delighted to have the London Day NLtr5ery Company and their Blooming Years nursery in the Space. It has been kitted out so beautifully and we look forward to our partftership to bring life to the community. We hold a three-month rental deposit on trust for them. Although the reserves are very low at this point, forecasts show we will be adding to our reserves In 2026. and we will have SLrficient income to pay down the loan5 as forecast. We believe that the reserves held on 31 December 2025. together with the forecast cash flow, are enough to fund the church's work for the coming year. Independent Examiner We appointed Howard Frank as the PCC'S Independent Examiner for this year a5 Helen Bardle had tsken up a full-time role elsewhere. Thanks We are Indebted to many in our community. We have a high proportion ofthe congregation who glve of their time; to serve at Playcafé, to a5SiSt with worship and other functlons. l am personally indebted to Robyn Kaye who has made a real difference to the financial situatlon by her efficiency in dealing with ad-hoc church & hub bookings. l am grateful for Howard Frank stepping in at short notice to be our Independent Examiner thls year. io
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASncAL PARISH OF ST AL8AN WITH ST AUGUSTINE, FULHAM Independent Examiner's Report INDEPENDENT EXAMINER'S REPORT TO THE PAROCHAIL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM I report to the trustees on my examination of the accounts of the Parochi31 Church Council IPCCI of St Alban with St Augustlne. Fulham for the year ended 310ecember 2024. which are set out on page5 11 to 21. Responslbilities and Ba51s of Report The Church's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. The Church Trustee5 consider that an audit is not required for this year under section 144 121 of the Charities Act 2011 I'the Act'l and that an independent examination is needed. It is my responsibility to examine the accounts under section 144 of the 2011 Att: to follow the procedures laid down in the General Dlrections given by the Charity Commi55ion (under section 1451511bl of the 2011 Act); and to state whether any particular matters have come to my attention. Basis of Independent Examinefs Report My examination was carried out with the general Direclions 8iven by the Charitles Commission. An examination includes a review of the accounting records kept by the Charity and a compari50n of the accounts presented with those records. It also includes conslderation of any unusual item5 or disclosures in the accounts and seeking explanations from you as Trustees conterning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and conseqLbently no opinion is 8iven as to whether the account5 provide a 'true and fair vievf and the report is limited to those matters set out in the ststement below. Independent Examlner5 Ststemenl In connection with the examination, no matters have come to my attention: which gives me reasonable cause to believe in any material respe¢t the requ1Ments.. to keep accounting records in accordance with section 130 of the 2011 Att and; to prepare accounts which accord with the accounting records and comply with the attountin8 requirements of the 2011 Act have not been met. 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Howard Frank FCA- retired 2 Kingsmead Close Teddington Middlesex TWII 9EP Date: 211412026
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH sfAUGUSTlhlE, FULHAM Statement of Financial Activities Statement of Financial Activitie5 For the Year Ended 31 December 2025 NOTES TO THE FINANCIAL sfATEMENTS NOTES TO THE FINANCIAL STATEMENTS General Designated Restricted 2025 Total 2024 Total Fund Funds Funds Funds Funds Notes Income and endowments from: Voluntary Income Activities for generating fund5 Income from investments 62,053 41,406 837 11,105 73,158 41,406 837 64,001 58,703 1.078 2.3, 17 Church activities Total Income 1,145 £ 105,441 3,0 4,145 1.843 £ 14,105 £ 119,546 £ 125,625 Expendlture on: Church activities Raising funds Total expendlture 65,594 132,949 £ 198,543 18,607 10,858 11,993 £ 22,851 95,059 144,942 240,001 73,257 18,896 £ 92.153 £ 18,607 Net income / {expenditurel for the year Transfer between funds Total funds brought forward Prior year adjustment 193,1021 18,7461 1120.4551 33,471 118,6071 95,846 418 20,524 33,498 149.928 420 116.457 420 17 Totsl funds earrled fobward £ 3,162 £ 1,977 £ 24.754 £ 29,893 £ 150,348 12
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH ST AUGusnNE, FULHAM Balance Sheet BALANCE SHE AS AT 31 DECEMBER 2025 2025 2024 FIXED ASSETS Notes Tangible flxed assets CURRENT ASSETS 54,852 Debtors 1.725 970 Cash at bank and in hand 50,931 155,577 TOTAL CURRENT ASSETS 52,656 156,547 CREDITORS: Amounts falling due within one year 113,3271 16,2001 NET CURRENT ASSETS 39,329 150,347 CREDITORS: Amounts falling due after one year Loans Rental deposit 48,664 15,625 164,2891 TOTAL NET ASSETS £29,892 £ 150,348 REPRESENTED BY: General Funds Designated Fund5 Restricted Funds 12, 17 13 14, 17 3.164 1,977 24.752 £ 29,893 96,264 20,584 33,500 £ 150,348 Approved by on behalf of the PCC on 24 April 2026 and signed on its behalf by: Hazel Mann Ichurch Warden and PCC member) The notes form part of thesefinanclal statements. 13
THE PAROCHIAL CHURCM COUNOL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH St AUGUSTINE, FULHAM Notes to the Financlal Statements for the year ended 2024 ACCOUNTING POUCIES The PCC is a public benefit entity within the meaning of FRS 102.Accordingly the financial statements have been prepared underthe Charitie5 Act 2011and in accordance with the Church Accounting Regulation5 2006 governin8 individual accounts of PCC5 and with the said Regulations true and fair provisions, together with FRS 102120161 as the applicable accounting standard5 and the 2016version of the Statement of Recommended Practice, Accounting and Reporting by Charitie5 ISORP IFRS 102)). The financial statements are prepared in sterling, which is the functional currency of the PCC Monetary amount5 in these financlal ststements are rounded to the nearest E. The financial statements have been prepared under the historical c05t convention and include all transactions, assets and liabilities for which the PCC is responsible in law. They do llot include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. 1.2 Golng concern The Trustees have a55essed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast doubt on the ability of the PCC to continue as a going concem. The Trustee5 have assessed the impact the downturn in the global economy lincluding the cost of living and energy crisisl may have on the Pcc's foretast and projections and have made this assessment for a period of at least one year from the date of approving these financial statements. The PCC has concluded that the Church has sufficient resources to contlnue in operational existence for the foreseeable future and consequently it appropriate to continue to adopt the going concern basis in preparing Its flnancial statements. Funds General funds represent the funds of the PCC that are not subject to any re5trirtions regarding thelr use and are available for application on the general purposes of the PCC. Restricted fund5 represent lal income from trusts and endowments which may be expended only on those restricted objerts provided in the terms of the trust or bequest, and Ibl donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance of that fund. The PCC does not usually invest separately for each fund. Designated funds are those funds which the Trustees have set aside from general funds for the benefit of a particular project. 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM IA Income Voluntary income, including planned giving, collections, legacies and donattons are recognised where there is entitlement, certainty of receipt and where the amount can be measured with sufficient reliability. Tax fndS are retognised when the intoming resource to which they lote is received. Grants to the PCC are accounted for as soon a5 the PCC is notified of its legal entitlement, the amount Such income is only deferred when: al The donor specifies that the grant or donation must only be used in future accountin8 periods. bl The donor has imposed conditions which must be met before the charity has unconditional entitlement. Income generated from other trading activities is recognised when earned. Gifts given for conversion into cash are included as receivable and, Whe material, an adjustment made upon subsequent realisation of the gift. Where the PCC receives goods and services in kind, then in the interest of transparenry, these are included at the value to the PCC where quantifiable. ASI other income is recognised when it is receivable. All incoming resources are accounted for 8ross. Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount Is not known, the legacy is treated as a contingent asset. Expendlture Liabilities are recognised as reSoUrS expended as soon as the Is a legal or constructive obligation commithng the PCC to the expenditure. All expenditure is accounted for on an attruals basis and has been classified under headings that aggregate all costs reloted to the category. Grants and donations are accounted for when paid over or when awarded, rfthat award creates a bindinB or constructive obligation to the PCC. The dI0San common fund 15 accounted for when payable. Any common fund unpaid at 31December 15 provided in these accounts as an operational Ithough not a legall liability and is shown as a creditor in the balance sheet. Irrecoverable VAT is charged against the cate80ry of resources expended for which it was incurred. 111 Raislng funds These relate to those speclfic costs incurred in renting and maintalning propertles or church facilities which may be sub-let by the PCC during any part of the year. {111 Church activitie5 These costs late to those specific dired costs incurred by the PCC In order to promoie the mission of the church within the parish. These costs also include those specific costs incurred in maintaining and developing the church building. Also included are those costs involvlng public accountsbility of the PCC and its compliance with regulation and good practice. 15
THE PAROCHIAL CHURCH COUNOL OF THE ECCLESIASTICAL PARISH OF ST AL8AN WITH ST AUGUSTINE, FULHAM 1.6 Land and buildings and other churth property The PCC bein8 an Ecclesiastical Corporation is exempted under section Ioof the Charities Art 2011from accoundng for ecclesiastical property (including consecrated or benelice property). Moveable church furnishings held by the Vicar and Churchwardens on Special Trust for the PCC and which require faculty for disposal a accounted for as inalienable property unles5 consecrated. They are listed in the church inventory which can be inspected at any time. he Vicar's accommodation is held in trust by The London Di0$0n Fund on behalf of the PCC. The property is essential for the mission of the church and no value has been placed on it as there is no likelihood of the property being realised. Additions to fixed a5set5 prior to 20C() are not recognised in the financial ststements as insufficient cost information is available. The Church Hall was constructed at least IOOyears ago and therefore its original cost is unlikely to have been material to the financial ststements and would have been fully depreciated by the balarbce sheet date. Similarly, the original cost of the land on which the Hall was constructed is not material to the financial statements. 1.7 Depreclatlon of flxed assets Functional tangible assets used for the work of the PCC are depreciated over their estimated useful lives as fDIIows= Computer and musical equipment on a straight line basis over 3 years Office furniture & equipment 25M reducing balance basis Purchases of functional fixed assets costing less than El,0 are written off to the Statement of Financial Activities. After 8 years the final reducing balance on office furniture and equipment is written off. 1.8 Impairmem of flxed assets At each reporknng end date, the PCC reviews the carrylng amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairmerst1055 lif any). 1.9 Cash and cash equfvalent5 Gish and cash equivalents include cash in hand, deposits held at call with banks. other 5hort- term liquid investments with original maturities of three month5 or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnancial instruments The PCC has elected to apply the provisions of Section Il'Basic Financial Instruments, and Section 12 '0ther Financial Instruments issues, of FRS 102to all of its financial instruments. Financial Instrumerbts are recognised in the PCC'S balance sheet when it becomes party to the contractual provisions of the instrument. Financial a$5ets and liabilities are offset, with the net amounts presented in the flnancial statements, when there Is a le8ally enfor¢eable ri8ht to set off the reco8nised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously- 16
THE PAROCHIAL CHURCH COUNaL OF ThE ECCLESIASTICAL PARISH OF ST A18AN WITH ST AUGUSTINE, FULHAM 1.11 Baslc financial assets Basic financial asset5, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortfsed cost using the effective interest method unless the arrangement constttutes a financing transacLion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as CeiVable within one year are not amortised. 1.12 8asic financial Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a finanting transaction, where the debt instrlrment is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for good5 or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inltially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.13 Derecognition of financlal liabilliles Financial liabilities are derecognised when the PCC'S contractual obligations expire or are discharged or cancelled. 1.14 Critical 3ccountlnz estlmates and Judzements In the application of the PCC'S accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimate5 and assoclated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The e5tirnates and underlying assumptions are reviewed on an ongoing basi5. Revislons to accounting estimates are recognised in the period in which the estimate is revised where the revision affetts only that period, or In the period of the revision and future periods where the revision affects both current and future period5. 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST ALBAN WITH sr AUGUSTINE, FULHAM INCOMEAND ENDOWMENTS General Designated Restrirted Funds Funds Funds Total 2025 Total 2024 2.1 Voluntary Income Congregational planned giving Tax recoverable One-off giving Sunday offerings Grants 33,890 6,472 15.741 33,890 6,472 15,741 42,555 13.963 7.483 5,947 £ 62,053 11,105 17,052 £ 11,105 £ 73,158 £ 64,001 2.2 Activities for Generating Funds Letting of church facilities 41,406 £ 41,406 41,406 £ 41.406 58,703 £ 58,703 2.1 Income from Investments UK Bank interest 837 837 1,319 £ 1,319 £837 £837 Bank and Building Society interest was understated in 2024 by £241. Rather than £1,078 it should have been £1,319. This has been corrected in the comparative figures for this year. 2.4 Income from Church activlties Community work Wedding and funeral fees Sundry income 292 853 292 853 3,000 £4,145 1,363 3,000 £ 3,000 £1,145 £ 1,843 Total Incomlng Resource5 £105,441 £ 14,105 £119,546 £125,866 The income for the church was therefore understated in the 2024 accounts by £241 and so should have shown £125,866 rather than £125.625. This has been correrted in the comparative figures for this year. 18
THE PAROCHIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF ST AiBAN WITH ST AUGUSTINE, FULHAM General Designoted Restricted Funds Funds Fund5 Total 2025 3 EXPENDITURE Total 2024 3.1 Church actlvlties Mission Giving Diocesan contributions & mi55ion Human resources Campus costs: Campus costs - Church Campus costs- Vicarage Office costs Services Worship Connect Group Children's work Youth work Course tosts Media and PR Depreciation of church equipment PCC Meeting and governance costs Independent examiner fee 361 18,000 10,959 2,922 6,250 768 3,283 42,857 11,727 18,607 30.941 7.929 14,708 10,603 4,387 2,680 1.428 460 243 33 13 486 14,708 10,603 4,387 2,806 1,428 460 1.035 33 13 486 21,571 555 2,798 2,488 2,667 335 2,252 126 792 560 79 233 1,000 233 82 I,0 £65,594 £ 18,607 £10.858 £95.059 £73,257 3.2 Raising fund5 CampL¢S costs- Hub Depreciation of hub capital expenditure 131.314 1,635 11,993 143,307 1,635 £18,896 £ 132,949 £ 11,993 £ 144,942 £18,896 4 STAFF COSTS 2025 2024 Salaries (see note below) Social security costs Pension cost5 Other HR costs (training, recruitment, clergy expenses etc) 10,959 £ 10.959 10,738 £ 10.738 4.1 STAFF COSTS {continued) The average nurnber of staff employed throughout the year was nil. None of the employed staff earned more than £60,000 per annum. No members of the PCC were reimbursed for expenses incurred in carrying out their duties12024- £ Nill. 19
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITh ST AUGUSnNE. FULHAM 5 NEf IOUTGOING}/INCOMING RESOURCES 2025 2024 Net loutgoingllintomin8 resourtrs are stated after charging Independent examiner's fee Depreciation 1,000 1,635 1,500 6 TANGIBLE FIXED ASSETS Office fixtures, fittings and equipment Computer and musical equipment Plant & fixtures Total Cost Opening balance l January 2025 Additions in year Disposals in year Closing balance 310ecember 2025 37.826 22,584 60,410 56,486 56,486 56,486 £ 37,826 £ 22,584 £ 116,896 Depreciation Opening balance l January 2025 Charge for the year Disposals Closing balance 31 December 2025 37,825 22.584 60,409 1,635 1.635 E 1,635 £ 37,825 £ 22,584 62,044 Net Bookvalue At 31 December 2024 At 31 December 2025 54,851 £ 0 £ 54,852 7 FINANaAL INSTRUMENTS 2025 2024 Debt instruments measured at amortised cost 600 7.1 FINANCIALINSTRUMENTS 2025 2024 Carrying amount of financial liabilities Measured at amortised costs 600
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF ST ALBAN WITH ST AUGUSTINE, FULHAM 8 DEBTORS 2025 2024 Taxation recoverable Other debtors 60 910 £970 1.725 £ 1,725 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Diocesan Loan Loan from PCC member Sundry creditors and accruals 8,000 3,336 1,991 £13,327 6,200 £6.200 10 CREDITORS: AMOUNTS FALUNG DUE AFTER ONE YEAR 2025 2024 Diocesan Loan Loan from PCC member Rent deposit 32.OCW) 16.664 15,625 £64,289 11 ANALYSIS OF NET ASSETS BY FUND General Fund Designated Restricted Fund5 Fund5 Total 2025 2024 Fixed 355ets 54,852 54.852 Current assets Creditors: falling due within one year Creditors: falling due within one year 25,928 113,3271 164,2891 1,977 24,752 52.657 156.547 113,3271 16,2001 164.2891 Fund balance £3,164 £ 1,977 £ 24,752 £ 29,893 £150,348 12 GENERALFUNDS GeneTal Funds comprise those funds which the PCC is free to use to further the work of the Church. 13 DESIGNATED FUNDS Designated Funds are those fund5 which the Trustees have Set aside from General Funds to be used towards: 2025 2024 Future churih plantins 1,977 20,584 £ 1.977 £ 20,584 It was agreed by the PCC that St Albans was really a church that was being planted and that the funds would be re-designated for the restarting of St Albans. 21
THE PAROCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF ST ALBAN WITH 5T AUGUSnNE. FULMAM 14 REsfRicfED FUNDS Funds Brought Fornard Transfer between Funds Funds Carried Forward Received in year Funds Used Represented by specific ¢ontributlon5 towords.. Mission Giving Youth worker salary FLtture church planting Building works Youth and communitywork John Lyons Trust Playcafé Ark- Daisy Trust 517 12,577 6,250 1,993 12,161 3,000 2,902 615 11,809 6,250 11,993 250 lo,)0 11,911 1,105 £ 14,105 688 £ 22,851 417 £ 24.752 £ 33,498 Mission Glving This fund relates to the unexpended balance of monies collerted during Sunday seNice for various specific purposes and specific grant for Love Christmas. Youth worker5alory This fund relates to the unexpended balance of monies received towards the youth worker salary I cost. Future church planting This fund relates to monies received specifically to be used for future church planting. The PCC agreed to Use these funds to church plant into St Albans after a second interregnum left a tiny congregation. Building works This fund relates to monies recelved specifitalty to be used for thurch and hub building maintenance. Youth ond Community Work This fund relates to unexpended balance of monies received and expen(led on Youth and Community projects. 15 GRANTS During the year, the PCC made the following external and charitable giving from General and Restricted Funds- 2025 2024 To UK Organlsatlons: Mission Partners 3,283 £ 3,283 22
THE PAROCHIAL CHURCH COUNaL OF THE EccLES$TIcAL PARISH OF ST ALBAN WITH sr AUGusfiNE, FULHAM 16 RELATED PARTY TRANSAcfioNS Donations received from related parties IPCC Members) for the year totslled £ 9,60012023: £26,2211. 17 PRIOR YEAR ADJUSTMENT General Fund Designated Restricted Funds Funds 2025 Total Funds Total funds brought forward 2024 Understated interest on buildin8 society account in 2024 95,846 20,584 33,498 149,928 241 241 Overstated cost on church activitie5 in 2024 179 179 Rounding errors Corrected Totsl funds brought forward 96264 20,584 33,500 150,348 23