All Saints’ Church, Loose Annual Report of the Parochial Church Council For the Year Ended December 31st 2025
Administrative Information
All Saints’ Church is situated in Loose village. It is part of the Diocese of Canterbury and the Deanery of Maidstone. The correspondence address is:
All Saints’ Church, Church Street, Loose, Maidstone, Kent, ME15 0BU
Tel: 01622 741265. E-mail: admin@allsaintsloose.org.uk
The Parochial Church Council (PCC) is a charity excepted from registration with the Charity Commission.
PCC members who have served from January 2022 until the date this report was approved are:
Incumbent: Rev. Steve Price Associate Minister: Rev. Chris Conn
Curate: Rev. Christopher Thom
Wardens: Mr. Michael Cooper, Mr. Andie Kemp
Elected Members: Jim Dowding, Linde Potgieter, Linda Gray, Ann White, Ed Crossley, Roz Turner, Luci Harvey
Treasurer: Position Vacant- Roz Turner is acting Treasurer
Structure, Governance and Management
PCC members are appointed in accordance with the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. Objectives and Activities
The PCC works in cooperation with the Incumbent to promote the whole mission of the Church—pastoral, evangelistic, social, and ecumenical—within the parish.
Church Attendance and Electoral Roll
Electoral Roll Total at April 2026: 73 (up from 68 in 2025)
% Residing Outside Parish: 64.38%
Electoral Roll Officer: Gary White (report written by Michael Cooper)
Achievements & Performance
Minister’s Address
(Extracted directly from APCM 2026 report – beginning with John 10: 8-10 and reflecting on society’s growing disinterest in secularism with the role of All Saints Loose in evangelism.)
Church Wardens’ Report
Highlights include: Installation of a dais in front of the chancel & new carpets Strong attendance at Christmas services Sport’s Reach and Growing Hope courses Increased participation in prayer and evangelistic events Staff transitions: Farewell to Lezann Louw; welcome to Jojo Weeks
Children and Youth Ministry
Four Sunday groups (Sparklers, Scramblers, Climbers, Explorers)
All Saints’ Church, Loose Annual Report of the Parochial Church Council For the Year Ended December 31st 2025
Route 180 and Rooted youth groups Holiday Club 2025: 70 children, several confessions of faith Messy Church and Toddlers thriving School assemblies and engagement with Cornwallis School 4-step mentoring plan to be implemented with the youth Joint events with St Luke’s Church Report by: Michelle Wright & Will Hall
Church Planting Group (Immanuel Maidstone)
Two years of gathering in the town centre Increasing numbers each week, with 20-25 adults and 10-12 children A number of different nationalities represented
Board game evenings and secondary school connections planned Reported by: Chris Conn
Ladies’ Bible Study
Continued to meet weekly with focus on Nehemiah and 1 Corinthians. Time given for prayer, sharing and fellowship
Reported by: Roz Turner
Women’s Ministry
Continued events throughout the year, with several book groups running. Several events have allowed for attendees to bring friend to hear the gospel. Reported by: Annamaria Potgieter
Men’s Ministry
Men’s breakfasts declined in popularity, but 2 book groups have been running. Men’s BBQ in June & work party at ASL in October. Attended Kent Men’s Convention in March.
Reported by: Michael Cooper
Mission Partners
Support continued for: Lazarous and Yvonne Kalulu (Zambia) Unite International Café (Maidstone) Sport’s Reach Growing Hope
Ben and Suzy Thompson (Singapore) Jesse and Amy Morrison (Australia) The church plant (Immanuel Maidstone)
Financial Commentary for 2025
Over the calendar year 2025, income has been received from gifts, one-off donations and especially the Great Grace Giving during the month of November of £319,823. Expenditure for the year totalled £311,028 giving a surplus of £8,795.
All Saints’ Church, Loose Annual Report of the Parochial Church Council For the Year Ended December 31st 2025
Income Expenditure Net General Fund 202,004 (218,758) (16,804) Restricted Fund 117,819 (92,271) 25,598 Total 319,823 (311,029) 8,794 2024 comparative 280,117 (275,854) 4,263 2023 comparative 242,611 (224,579) 18,032 2022 comparative 259,470 (280,295) (20,825)
The requested parish share for calendar year 2025 was £96,432. Following on from the decision made by the PCC in 2023, reduction of payment of £30,000 continued. And as per decision made in November 2024, the full share was paid via The Ephesians Fund where £30,000 was made to support St James, Westgate on Sea, parish share.
The requested parish share for 2026 is £97,638.
In 2025 there was a small surplus of £8,794.
There was a significant increase in restricted funds mainly due to the Great Grace Giving held in November raising £33,201, the funds have been placed in an interest earning account to protect funds for the items that was part of the giving.
Youth worker has been supported by funds received by Charity Commissioners via Canterbury Diocese plus additional giving from the church family.
Within the unrestricted general fund there was an overspend £16,804, due to general increased costs.
The sanctuary has been recarpeted with a dais being included in the build, this was funded from a donation received from the Grisby Foundation USA. Just in front of the high table the commemorative stone is now visible.
The Immanuel Church is accounted for within ASL accounts
Cash in bank of £96,843 (£97,512 in 2024)
Signed on behalf of the PCC by the Incumbent
Rev. Steve Price
ALL SAINTS LOOSE PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Charity Number 1147120
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF PAGE 1 ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025
I report to the trustees on my examination of the accounts of All Saints, Loose Parochial Church Council for the year ended 31 December 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes set out on pages 2 to 19.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of 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 qualified statement
As explained in note 4 to the Financial Statements the aggregate amount of trustee donations without conditions has not been disclosed. The trustees have not, therefore, complied with the requirement in section 9.18 of the Charities SORP (FRS 102).
In connection with my examination, no material matters, except that referred to in the above paragraph, have come to my attention which give me cause to believe that, in any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a ‘true and fair’ view, which is not a matter considered as part of the independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
61 London Road Maidstone Kent ME16 8TX
J A Griggs FCA LEVICKS Chartered Accountants & Business Advisers
21 May 2026
PAGE 2
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| All | All | Total | Funds | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| INCOME FROM: | |||||
| Donations & legacies | 2(a) | 188,008 | 107,700 | 295,708 | 229,886 |
| Charitable activities | 2(b) | 10,470 | 10,098 | 20,568 | 46,211 |
| Investments | 2(c) | 3,526 | 21 | 3,547 | 4,020 |
| _ | _ | _ | _ | ||
| TOTAL INCOME | 202,004 | 117,819 | 319,823 | 280,117 | |
| _ | _ | _ | _ | ||
| EXPENDITURE ON: | |||||
| Raising funds | 3(a) | 459 | - | 459 | 1,348 |
| Charitable activities | 3(b) | 217,171 | 92,271 | 309,442 | 272,026 |
| Other | 3(c) | 1,128 | - | 1,128 | 2,076 |
| _ | _ | _ | _ | ||
| TOTAL EXPENDITURE | 218,758 | 92,271 | 311,029 | 275,450 | |
| _ | _ | _ | _ | ||
| NET INCOME/ (EXPENDITURE) | (16,754) | 25,548 | 8,794 | 4,667 | |
| Transfers between funds | 13 | (50) | 50 | - | - |
| Profit/(Loss) on disposal | - | - | - | (404) | |
| _ | _ | _ | _ | ||
| NET MOVEMENT IN FUNDS | (16,804) | 25,598 | 8,794 | 4,263 | |
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | 38,338 | 183,232 | 221,570 | 217,307 | |
| _ | __ | __ | __ | ||
| Total funds carried forward | 21,534 | 208,830 | 230,364 | 221,570 | |
| _ | __ | __ | __ |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 3 BALANCE SHEET AS AT 31 DECEMBER 2025
| Notes | All | All | Total | Funds | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | ||||
| 2025 | 2024 | ||||
| FIXED ASSETS: | £ | £ | £ | £ | |
| Tangible fixed assets | 7 | 748 | 152,310 | 153,058 | 153,244 |
| _ | _ | _ | _ | ||
| 748 | 152,310 | 153,058 | 153,244 | ||
| CURRENT ASSETS: | |||||
| Debtors | 8 | 3,128 | 8,706 | 11,834 | 4,667 |
| Cash at bank and in hand | 30,823 | 66,020 | 96,843 | 97,512 | |
| _ | _ | _ | _ | ||
| 34,699 | 227,036 | 261,735 | 102,179 | ||
| LIABILITIES: | |||||
| Creditors: Amounts falling | 9 | 13,165 | 6,436 | 19,601 | 15,509 |
| due within one year | _ | __ | _ | _ | |
| NET CURRENT ASSETS | 21,534 | 220,600 | 242,134 | 86,670 | |
| _ | __ | _ | _ | ||
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 239,914 | ||||
| Creditors: Amounts falling | 10 | - | 11,770 | 11,770 | 18,344 |
| due after one year | _ | _ | _ | _ | |
| TOTAL NET ASSETS | 21,534 | 208,830 | 230,364 | 221,570 | |
| _ | __ | _ | _ | ||
| PARISH FUNDS: | |||||
| Unrestricted | 11 | 21,534 | - | 21,534 | 38,338 |
| Restricted | 12 | - | 208,830 | 208,830 | 183,232 |
| _ | __ | _ | _ | ||
| 21,534 | 208,830 | 230,364 | 221,570 | ||
| _ | __ | _ | _ |
Approved by the PCC on 18 May 2026 and signed on their behalf by:
E A Pierce - PCC Chairman
R Turner - PCC Treasurer
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 4 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The 2021 year is the first year that accruals accounts have been required prior to this it was prepared on a receipts and payment basis. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The PCC constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the PCC’s ability to continue as a going concern.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.
b) Funds structure
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Unrestricted funds may become designated funds where reserved for a particular purpose by the PCC.
Restricted funds represent donations, legacies 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 on that fund.
The PCC does not usually invest separately for each fund except where amounts involved are material. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
c) Income recognition
All incoming resources are recognised when receivable by or on behalf of the PCC.
All income is reported gross of any associated expenditure.
Income tax recoverable on gift aid donations is recognised when the tax is recoverable.
Grants and legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable.
Rental income from the letting of church premises is recognised when the rental is due.
Interest earned on bank deposit accounts is accounted for when received.
Amounts received specifically for mission are dealt with as restricted funds.
Churches are among the most significant volunteer organisations in the country with their members involved in every aspect of Church and community life. It would be impossible, and arguably inappropriate, to attempt to measure the contribution made by church members, safe to say that most charities and churches would simply fail to function without the services of volunteers.
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ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
The Diocesan Parish Share is accounted for when paid.
e) Tangible fixed assets and depreciation
Assets held previously at cost have been introduced at net book value and depreciated this year using the depreciation policy below.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 20% reducing balance
f) Current assets
Amounts owed to the PCC at the year end in respect of fees, rents or other income are shown as debtors, less provision for amounts that may prove uncollectible.
g) Current liabilities
Creditors and accruals represent sums irrevocably committed for payment prior to the balance sheet date that were not settled as at that date.
h) Pension costs
All Saints Loose participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of the Employer and the other participating employers.
The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
All Saints, Loose PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
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the Defined Benefits Scheme
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the Pension Builder Scheme, which has two subsections;
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a. a deferred annuity section known as Pension Builder Classic, and,
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b. a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
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ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2025: £3,134, 2024: £2,085).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 1997 service so that the pension increase was also 10% (where usually it would be calculated based on inflation up to an annual cap of 5% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions in payment in respect of service post April 2006 ). This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The Church of England Pensions Board has agreed that some employers could use assets in the DBS of the CWPF in lieu of contributions to Pension Builder Classic and/or Pension Builder 2014. You will see this information on your DBS statement which will be sent separately.
The next valuation is being carried out as at 31 December 2025.
The legal structure of the scheme is such that if another employer fails, All Saints, Loose PCC could become responsible for paying a share of the failed employer’s pension liabilities.
PAGE 7
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2. INCOME FROM: | ||||||||
| 2(a) Donations & legacies: | ||||||||
| Gift aid donations | 82,739 | 38,242 | 46,480 | 167,461 | 73,270 | 44,455 | 25,612 | 143,337 |
| Non tax donations | - | - | - | - | 240 | - | - | 240 |
| Donations | 22,058 | 3,933 | 21,170 | 47,161 | 23,987 | 7,758 | 3,600 | 35,345 |
| Income tax recovered | 21,645 | 8,740 | 12,255 | 42,640 | 19,232 | 10,914 | 6,781 | 36,927 |
| Plate | 3,695 | - | - | 3,695 | 3,818 | - | - | 3,818 |
| Giving | - | - | 3,609 | 3,609 | - | - | 957 | 957 |
| Giving CDBF | - | - | 23,055 | 23,055 | - | - | 2,742 | 2,742 |
| Zambia Church donations | 6,956 | - | 1,131 | 8,087 | 5,228 | - | 1,292 | 6,520 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 137,093 | 50,915 | 107,700 | 295,708 | 125,775 | 63,127 | 40,984 | 229,886 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 8
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2(b) Charitable activities | ||||||||
| Fundraising | 126 | - | - | 126 | 163 | - | - | 163 |
| PCC fees | 2,458 | - | - | 2,458 | 3,478 | - | - | 3,478 |
| Gifts | 425 | - | - | 425 | 6,450 | - | - | 6,450 |
| Messy Church | 111 | - | - | 111 | 213 | 213 | ||
| Youth resources | - | - | 97 | 97 | - | - | 73 | 73 |
| Compassion | - | - | 494 | 494 | - | - | 69 | 69 |
| Rental income – 588 Loose Road | - | - | 8,400 | 8,400 | - | - | 12,000 | 12,000 |
| Parish Weekend away | 950 | - | - | 950 | 3,807 | - | - | 3,807 |
| Events | 5,593 | 800 | - | 6,393 | 2,614 | 420 | - | 3,034 |
| External printing | 7 | - | - | 7 | 28 | - | - | 28 |
| Bookstall | - | - | - | - | 578 | - | - | 578 |
| Building works – General repairs | - | - | - | - | 16,318 | - | - | 16,318 |
| Holiday Club | - | - | 1,107 | 1,107 | - | - | - | - |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 9,670 | 800 | 10,098 | 20,568 | 33,649 | 420 | 12,142 | 46,211 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 9
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2(c) Investments: | ||||||||
| Interest | 3,526 | - | 21 | 3,547 | 4,005 | - | 15 | 4,020 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 3,526 | - | 21 | 3,547 | 4,005 | - | 15 | 4,020 | |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| 3. EXPENDITURE ON: | ||||||||
| 3(a) Raising funds : | ||||||||
| Fundraising expenses | - | - | - | - | - | - | - | - |
| Marketing wages | 90 | - | - | 90 | 117 | - | - | 117 |
| Bookstall | 242 | - | - | 242 | 1,104 | - | - | 1,104 |
| Website | 127 | - | - | 127 | 127 | - | - | 127 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 459 | - | - | 459 | 1,348 | - | - | 1,348 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 10
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| 3(b) Charitable activities: | ||||||||
| Ministry expenses | ||||||||
| Parish share | 96,432 | - | - | 96,432 | 64,928 | - | - | 64,928 |
| Priest expenses | - | - | - | - | - | - | - | - |
| Vicarage expenses | 2,734 | - | - | 2,734 | 2,846 | - | - | 2,846 |
| Associate minister | - | - | - | - | - | - | - | - |
| Associate minister pension | - | - | - | - | - | - | - | - |
| Associate minister expenses | - | - | - | - | - | - | - | - |
| 129 Tonbridge Road – rent | - | - | - | - | - | 20,700 | - | 20,700 |
| 129 Tonbridge Road - heating, lighting and | - | - | - | - | - | 1,156 | - | 1,156 |
| water | ||||||||
| 129 Tonbridge Road – council tax | - | - | - | - | - | 2,495 | - | 2,495 |
| Move to the Grange | - | - | - | - | - | 2,400 | - | 2,400 |
| Lease cost – The Grange | - | 28,800 | - | 28,800 | - | 7,200 | - | 7,200 |
| Utilities – The Grange | - | 1,356 | - | 1,356 | - | 153 | - | 153 |
| Council Tax – The Grange | - | 4,174 | - | 4,174 | - | 540 | - | 540 |
| Ministry training expenses | 1,221 | - | - | 1,221 | 1,746 | - | - | 1,746 |
| Christianity Explored | - | - | - | - | 421 | - | - | 421 |
| Rental of Lighthouse Church | - | 6,590 | - | 6,590 | - | 3,515 | - | 3,515 |
| Immanuel church costs | - | 2,059 | - | 2,059 | - | 1,686 | - | 1,686 |
| Immanuel church set up costs | - | - | - | - | - | 875 | - | 875 |
| Mortgage 588 Loose Road interest | - | - | 1,387 | 1,387 | - | - | 1,780 | 1,780 |
| Insurance | - | - | 732 | 732 | - | - | 706 | 706 |
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ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| Church expenses | ||||||||
| Heating, lighting and water | 8,319 | - | - | 8,319 | 12,966 | - | - | 12,966 |
| Garden | 499 | - | - | 499 | - | - | - | - |
| Upkeep of services | 1,750 | - | - | 1,750 | 2,018 | - | - | 2,018 |
| Printing and magazines | - | - | - | - | 940 | - | - | 940 |
| I. T. costs | 431 | - | - | 431 | 220 | - | 769 | 989 |
| 321 Speak Life | 1,117 | - | - | 1,117 | - | - | - | - |
| Donations | 9,102 | - | - | 9,102 | 9,079 | - | - | 9,079 |
| Gifts | 581 | - | - | 581 | 6,512 | - | - | 6,512 |
| Messy Church | 1,404 | - | - | 1,404 | 1,590 | - | - | 1,590 |
| Repairs and maintenance | 1,639 | - | - | 1,639 | 405 | - | - | 405 |
| Kitchen and cleaning | 1,037 | - | - | 1,037 | 760 | - | - | 760 |
| Livestreaming | 190 | - | - | 190 | 234 | - | - | 234 |
| Toddler Praise | 466 | - | - | 466 | - | - | - | - |
| Building work – Redecorations | 672 | - | - | 672 | 12,280 | - | - | 12,280 |
| Building work – Tiddler room | - | - | - | - | 15,639 | - | - | 15,639 |
| Great Grace Giving | - | - | 2,679 | 2,679 | - | - | - | - |
| Teaching materials | - | - | 826 | 826 | - | - | 1,264 | 1,264 |
| Youth workers | - | 47 | 20,550 | 20,597 | - | - | 20,475 | 20,475 |
| Events | 5,151 | 832 | - | 5,983 | 3,943 | 645 | - | 4,588 |
| Immanuel wages | - | 2,699 | 25,921 | 28,620 | - | 28,620 | - | 28,620 |
| Youth workers pension | - | - | 776 | 776 | - | - | 802 | 802 |
| Cornhill | - | 2,763 | 1,819 | 4,582 | - | - | - | - |
| Youth minster | - | - | 25,000 | 25,000 | - | - | 2,974 | 2,974 |
| Youth minister pension | - | - | 1,208 | 1,208 | - | - | - | - |
| Flower Fund | - | - | 200 | 200 | - | - | - | - |
| Zambia Church | 10,056 | - | 1,131 | 11,187 | 7,998 | - | 1,621 | 9,619 |
| Pension contribution Immanuel church | - | 1,150 | - | 1,150 | - | 1,283 | - | 1,283 |
| Giving YW | - | - | - | - | - | - | 1,500 | 1,500 |
| Compassion | - | - | 384 | 384 | - | - | 64 | 64 |
| Holiday Club | - | - | 1,139 | 1,139 | - | - | 977 | 977 |
PAGE 12
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| Church Management | ||||||||
| Parish office | 3,688 | - | - | 3,688 | 2,463 | - | - | 2,463 |
| Stationery | - | - | - | - | - | - | - | - |
| Secretary | 10,807 | - | - | 10,807 | 9,880 | - | - | 9,880 |
| Director of music and technology | - | - | - | - | - | - | - | - |
| Youth expenses | - | - | 606 | 606 | - | - | 515 | 515 |
| PCC expenses | - | - | 60 | 60 | - | - | 60 | 60 |
| Depreciation | 186 | - | - | 186 | 232 | - | - | 232 |
| Interest | - | - | - | - | - | - | - | - |
| Insurance | 3,051 | - | - | 3,051 | 2,994 | - | - | 2,994 |
| Training | - | - | 125 | 125 | - | - | 372 | 372 |
| Telephone | 1,305 | - | - | 1,305 | 1,466 | - | - | 1,466 |
| House expenses | - | - | 4,728 | 4,728 | - | - | 595 | 595 |
| Music | 567 | - | - | 567 | 427 | - | - | 427 |
| Chapel expenses | - | - | 3,000 | 3,000 | - | - | 223 | 223 |
| Parish weekend away | 4,296 | - | - | 4,296 | 4,074 | - | - | 4,074 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 166,701 | 50,470 | 92,271 | 309,442 | 166,061 | 71,268 | 34,697 | 272,026 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 13
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| 3(c) Other: | ||||||
| Independent examiner fees | 1,128 | - | 1,128 | 1,074 | - | 1,074 |
| Bank charges | - | - | - | |||
| Legal and professional fees | - | - | - | 1,002 | - | 1,002 |
| _ | _ | _ | _ | _ | _ | |
| 1,128 | - | 1,128 | 2,076 | - | 2,076 | |
| _ | _ | _ | _ | _ | _ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
4. RELATED PARTIES
During the year the Reverend Chris Conn purchased a house which he lives in as his private residence. The property is being leased back to the church. Reverend Chris Conn is employed by All Saints, Loose Church as an Assistant Minister to lead the Immanuel Maidstone Church plant.
The amount owed to Reverend Chris Conn as at 31 December 2025 was £nil.
No other related party to the PCC has been paid or is payable remuneration from the funds of the PCC.
There were no donations made to the PCC by trustees with conditions attached.
The aggregate of trustee donations without conditions has not been disclosed. The trustees believe that no undue influence is exercised by the trustees, individually or collectively, solely because of their giving. In addition, the collection of the data relating to the giving by individuals would risk breaching the confidentiality promised to church members in relation to their giving.
5. STAFF COSTS
| Wages and salaries Pension contributions |
2025 £ 85,114 3,134 88,248 |
2024 £ 62,066 2,085 64,151 |
|---|---|---|
In 2025, one employee received benefits of £64,750. In 2024 no employees received benefits in excess of £60,000.
The average number of employees during the year was 4 (2024 – 4)
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
6. INDEPENDENT EXAMINATION AND ACCOUNTANCY FEES
The fee charged by the independent examiner for the examination is £1,128, VAT inclusive.
7. TANGIBLE FIXED ASSETS
| Freehold | Church | Total | |
|---|---|---|---|
| Land and | Equipment | ||
| Buildings | |||
| £ | £ | £ | |
| ACTUAL/DEEMED COST | |||
| At 1 January 2025 | 152,310 | 2,276 | 154,586 |
| Additions | - | - | - |
| Disposals | - | - | - |
| __ | __ | __ | |
| At 31 December 2025 | 152,310 | 2,276 | 154,586 |
| __ | __ | __ | |
| DEPRECIATION | |||
| At 1 January 2025 | - | 1,342 | 1,342 |
| Charge for the year | - | 186 | 186 |
| Less depreciation on disposals | - | - | - |
| __ | __ | __ | |
| At 31 December 2025 | - | 1,528 | 1,528 |
| __ | __ | __ | |
| NET BOOK VALUE | |||
| At 31 December 2025 | 152,310 | 748 | 153,058 |
| __ | __ | __ | |
| At 31 December 2024 | 152,310 |
934 | 153,244 |
| __ | __ | __ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 16 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
8. DEBTORS
| 8. DEBTORS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Tax recoverable | 4,187 | 975 |
| 129 Tonbridge Road deposit | 3,115 | 3,115 |
| Amount Owed by Unrestricted Plant Church Fund | 577 | 577 |
| Amount Owed by Restricted Fund | 3,955 | - |
| ______ | ______ | |
| 11,834 | 4,667 | |
| ______ | ______ | |
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN | ||
| ONE YEAR | ||
| 2025 | 2024 | |
| £ | £ | |
| Mortgage – 558 Loose Road | 6,181 | 5,788 |
| British Gas – Electric | 232 | 3,466 |
| Surveyor fees - | - | 1,002 |
| Independent examiners fees | 1,128 | 1,074 |
| British Gas - Gas | - | 3,254 |
| Total energies - Gas | 3,204 | - |
| Lighthouse | 3,155 | - |
| Amount owned to Restricted Fund | 3,955 | - |
| Pension Contributions | - | 203 |
| Amount Owed to Restricted Youth Fund | 577 | 577 |
| Pension contributions | - | 145 |
| Amount Owed to Pastor Lazarus | 1,169 | - |
| ______ | ______ | |
| 19,601 | 15,509 | |
| ______ | ______ |
An amount of £69,338 is outstanding for Parish Share from 2024. As there is no legal obligation to pay this it has not been included as a creditor. The PCC resolved that from 1 November 2024, the Parish Share would be paid to the Ephesian Fund for onward distribution.
10. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Mortgage – | 558 | Loose Road | 11,770 | 18,344 |
| _____ | _____ | |||
| 11,770 | 18,344 | |||
| ______ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
11. UNRESTRICTED FUNDS
| General | Designated | Designated | TOTAL | ||
|---|---|---|---|---|---|
| Unrestricted | Bequest | Trainee/ | Immanuel | ||
| Apprentice | Church Fund | ||||
| Funds | Fund | Fund | |||
| £ | £ | £ | £ | £ | |
| Balance b/fwd 1 January 2024 | 43,696 | 2,000 | 2,763 | 3,656 | 52,115 |
| Income | 163,429 | - | - | 63,547 | 226,976 |
| Expenditure | (169,485) | - | - | (71,268) | (240,753) |
| Transfers between funds | - | - | - | - | - |
| _ | _ | _ | __ | _ | |
| Balance c/fwd 31 December 2024 | 37,640 | 2,000 | 2,763 | (4,065) | 38,338 |
| _ | _ | _ | __ | _ | |
| Balance b/fwd 1 January 2025 | 37,640 | 2,000 | 2,763 | (4,065) | 38,338 |
| Income | 150,289 | - | - | 51,715 | 202,004 |
| Expenditure | (168,288) | - | (2,763) | (47,707) | (218.758) |
| Transfers between funds | (107) | - | - | 57 | (50) |
| Profit/(Loss) on disposals | - | - | - | - | - |
| _ | _ | _ | __ | _ | |
| Balance c/fwd 31 December 2025 | 19,534 | 2,000 | - | - | 21,534 |
| _ | _ | _ | __ | _ |
Designated Funds
Bequest Fund
During 2021 the PCC received two bequests from church members. There were no restrictions on the gifts but the PCC has decided to set aside these funds until an appropriate project can be found.
Trainee/Apprentice Fund
Funds received by the PCC from church members set aside to be used to support apprentices training when attending Cornhill Training College in London.
Immanuel Church Fund
Funds set aside by the church to establish a new church in Maidstone.
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 18 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS
| Youth | Barnabas | Millenium | Zambian | Zambian | Flower | Great | |
|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | Support | Church | Fund | Grace | |
| Fund | Fund | Giving | |||||
| £ | £ | £ | £ | £ | £ | £ | |
| Balance b/fwd | 157,253 | 591 | 106 | 53 | 53 | 911 | - |
| 1 January 2024 | |||||||
| Income | 46,051 | - | - | 105 | 105 | - | - |
| Expenditure | (33,076) | - | - | (158) | (158) | - | - |
| Transfers between funds | - | - | - | - | - | - | - |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance c/fwd | |||||||
| 31 December 2024 | 170,228 | 591 | 106 | - | - | 911 | - |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance b/fwd | 170,228 | 591 | 106 | - | - | 911 | - |
| 1 January 2025 | |||||||
| Income | 85,247 | - | - | 138 | 138 | - | 16,916 |
| Expenditure | (62,340) | - | - | (138) | (138) | (200) | (2,679) |
| Transfers between funds | - | - | - | - | - | 50 | - |
| Profit/(Loss) on disposal | - | - | - | - | - | - | |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance c/fwd | |||||||
| 31 December 2025 | 193,135 | 591 | 106 | - | - | 761 | 14,237 |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 19 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS (CONT’D)
| Zambian | Immanuel Church | Zambian | Total | |
|---|---|---|---|---|
| Orphan’s | Set up Fund | Education | ||
| Fund | Fund | |||
| £ | £ | £ | £ | |
| Balance b/fwd | 225 | 6,000 | - | 165,192 |
| 1 January 2024 | ||||
| Income | 1,080 | 5,800 | - | 53,141 |
| Expenditure | (1,305) | - | - | (34,692) |
| Transfers between funds | - | - | - | - |
| Profit/(loss) on disposal | - | (404) | - | (404) |
| ______ | ______ | ______ | _____ | |
| Balance c/fwd | ||||
| 31 December 2024 | - |
11,396 | - | 183,232 |
| ______ | ______ | ______ | _____ | |
| Balance b/fwd | ||||
| 1 January 2025 | - |
11,396 | - | 183,232 |
| Income | 855 | 14,525 | - | 117,819 |
| Expenditure | (855) | (25,921) | - | (92,271) |
| Transfers between funds | - | - | - | 50 |
| Profit/(Loss) on disposal | - | - | - | - |
| ______ | ______ | _____ | ______ | |
| Balance c/fwd | ||||
| 31 December 2025 | - |
- | - | 208,830 |
| ______ | ______ | _____ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS (CONT’D)
Restrictions on funds:-
| Youth Fund | Funds for the use of the Children, Youth and Families Ministers. For |
|---|---|
| their salary, associated costs and towards resources. | |
| Barnabas Fund | Funds for supporting people in need in the Parochial Church area of |
| Loose | |
| Millennium Fund | An old fund established to raise funds for the reordering of the church |
| building. Now not in use there is a small amount remaining within the | |
| National Westminster Bank account. | |
| Zambian Support Fund | Individual support given by church members to one of our Mission |
| Partners – Support is for Pastor Lazarous | |
| Zambian Church Fund | For the church building maintenance in the care of Pastor Lazarous in |
| Zambia. | |
| Zambian Orphans Fund | For the orphans under the care of Pastor Lazarous in Zambia who have |
| lost their parents through HIV and Aids. | |
| Boiler Repair Fund | This was money given to replace the central heating boiler in church. |
| Zambian Education Fund | Contribution towards the cost of education for students under Pastor |
| Lazarous’ care who are attending university. | |
| Immanuel Church Fund | Funds raised to establish a new church in Maidstone. |
| Great Grace Giving Fund | This fund was established from a fund raising event held in November |
| 2025. Donations were made to cover specific expenses. |
13. TRANSFERS BETWEEN FUNDS
Income reallocated from general funds to the Flower Fund to correct a misallocation in 2024.
ALL SAINTS LOOSE PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Charity Number 1147120
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF PAGE 1 ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025
I report to the trustees on my examination of the accounts of All Saints, Loose Parochial Church Council for the year ended 31 December 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes set out on pages 2 to 19.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of 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 qualified statement
As explained in note 4 to the Financial Statements the aggregate amount of trustee donations without conditions has not been disclosed. The trustees have not, therefore, complied with the requirement in section 9.18 of the Charities SORP (FRS 102).
In connection with my examination, no material matters, except that referred to in the above paragraph, have come to my attention which give me cause to believe that, in any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a ‘true and fair’ view, which is not a matter considered as part of the independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
61 London Road Maidstone Kent ME16 8TX
J A Griggs FCA LEVICKS Chartered Accountants & Business Advisers
21 May 2026
PAGE 2
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| All | All | Total | Funds | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| INCOME FROM: | |||||
| Donations & legacies | 2(a) | 188,008 | 107,700 | 295,708 | 229,886 |
| Charitable activities | 2(b) | 10,470 | 10,098 | 20,568 | 46,211 |
| Investments | 2(c) | 3,526 | 21 | 3,547 | 4,020 |
| _ | _ | _ | _ | ||
| TOTAL INCOME | 202,004 | 117,819 | 319,823 | 280,117 | |
| _ | _ | _ | _ | ||
| EXPENDITURE ON: | |||||
| Raising funds | 3(a) | 459 | - | 459 | 1,348 |
| Charitable activities | 3(b) | 217,171 | 92,271 | 309,442 | 272,026 |
| Other | 3(c) | 1,128 | - | 1,128 | 2,076 |
| _ | _ | _ | _ | ||
| TOTAL EXPENDITURE | 218,758 | 92,271 | 311,029 | 275,450 | |
| _ | _ | _ | _ | ||
| NET INCOME/ (EXPENDITURE) | (16,754) | 25,548 | 8,794 | 4,667 | |
| Transfers between funds | 13 | (50) | 50 | - | - |
| Profit/(Loss) on disposal | - | - | - | (404) | |
| _ | _ | _ | _ | ||
| NET MOVEMENT IN FUNDS | (16,804) | 25,598 | 8,794 | 4,263 | |
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | 38,338 | 183,232 | 221,570 | 217,307 | |
| _ | __ | __ | __ | ||
| Total funds carried forward | 21,534 | 208,830 | 230,364 | 221,570 | |
| _ | __ | __ | __ |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 3 BALANCE SHEET AS AT 31 DECEMBER 2025
| Notes | All | All | Total | Funds | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | ||||
| 2025 | 2024 | ||||
| FIXED ASSETS: | £ | £ | £ | £ | |
| Tangible fixed assets | 7 | 748 | 152,310 | 153,058 | 153,244 |
| _ | _ | _ | _ | ||
| 748 | 152,310 | 153,058 | 153,244 | ||
| CURRENT ASSETS: | |||||
| Debtors | 8 | 3,128 | 8,706 | 11,834 | 4,667 |
| Cash at bank and in hand | 30,823 | 66,020 | 96,843 | 97,512 | |
| _ | _ | _ | _ | ||
| 34,699 | 227,036 | 261,735 | 102,179 | ||
| LIABILITIES: | |||||
| Creditors: Amounts falling | 9 | 13,165 | 6,436 | 19,601 | 15,509 |
| due within one year | _ | __ | _ | _ | |
| NET CURRENT ASSETS | 21,534 | 220,600 | 242,134 | 86,670 | |
| _ | __ | _ | _ | ||
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 239,914 | ||||
| Creditors: Amounts falling | 10 | - | 11,770 | 11,770 | 18,344 |
| due after one year | _ | _ | _ | _ | |
| TOTAL NET ASSETS | 21,534 | 208,830 | 230,364 | 221,570 | |
| _ | __ | _ | _ | ||
| PARISH FUNDS: | |||||
| Unrestricted | 11 | 21,534 | - | 21,534 | 38,338 |
| Restricted | 12 | - | 208,830 | 208,830 | 183,232 |
| _ | __ | _ | _ | ||
| 21,534 | 208,830 | 230,364 | 221,570 | ||
| _ | __ | _ | _ |
Approved by the PCC on 18 May 2026 and signed on their behalf by:
E A Pierce - PCC Chairman
R Turner - PCC Treasurer
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 4 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The 2021 year is the first year that accruals accounts have been required prior to this it was prepared on a receipts and payment basis. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The PCC constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the PCC’s ability to continue as a going concern.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.
b) Funds structure
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Unrestricted funds may become designated funds where reserved for a particular purpose by the PCC.
Restricted funds represent donations, legacies 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 on that fund.
The PCC does not usually invest separately for each fund except where amounts involved are material. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
c) Income recognition
All incoming resources are recognised when receivable by or on behalf of the PCC.
All income is reported gross of any associated expenditure.
Income tax recoverable on gift aid donations is recognised when the tax is recoverable.
Grants and legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable.
Rental income from the letting of church premises is recognised when the rental is due.
Interest earned on bank deposit accounts is accounted for when received.
Amounts received specifically for mission are dealt with as restricted funds.
Churches are among the most significant volunteer organisations in the country with their members involved in every aspect of Church and community life. It would be impossible, and arguably inappropriate, to attempt to measure the contribution made by church members, safe to say that most charities and churches would simply fail to function without the services of volunteers.
PAGE 5
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
The Diocesan Parish Share is accounted for when paid.
e) Tangible fixed assets and depreciation
Assets held previously at cost have been introduced at net book value and depreciated this year using the depreciation policy below.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 20% reducing balance
f) Current assets
Amounts owed to the PCC at the year end in respect of fees, rents or other income are shown as debtors, less provision for amounts that may prove uncollectible.
g) Current liabilities
Creditors and accruals represent sums irrevocably committed for payment prior to the balance sheet date that were not settled as at that date.
h) Pension costs
All Saints Loose participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of the Employer and the other participating employers.
The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
All Saints, Loose PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
-
the Defined Benefits Scheme
-
the Pension Builder Scheme, which has two subsections;
-
a. a deferred annuity section known as Pension Builder Classic, and,
-
b. a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
PAGE 6
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2025: £3,134, 2024: £2,085).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 1997 service so that the pension increase was also 10% (where usually it would be calculated based on inflation up to an annual cap of 5% for pensions in payment in respect of service prior to April 2006 and 2.5% for pensions in payment in respect of service post April 2006 ). This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The Church of England Pensions Board has agreed that some employers could use assets in the DBS of the CWPF in lieu of contributions to Pension Builder Classic and/or Pension Builder 2014. You will see this information on your DBS statement which will be sent separately.
The next valuation is being carried out as at 31 December 2025.
The legal structure of the scheme is such that if another employer fails, All Saints, Loose PCC could become responsible for paying a share of the failed employer’s pension liabilities.
PAGE 7
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2. INCOME FROM: | ||||||||
| 2(a) Donations & legacies: | ||||||||
| Gift aid donations | 82,739 | 38,242 | 46,480 | 167,461 | 73,270 | 44,455 | 25,612 | 143,337 |
| Non tax donations | - | - | - | - | 240 | - | - | 240 |
| Donations | 22,058 | 3,933 | 21,170 | 47,161 | 23,987 | 7,758 | 3,600 | 35,345 |
| Income tax recovered | 21,645 | 8,740 | 12,255 | 42,640 | 19,232 | 10,914 | 6,781 | 36,927 |
| Plate | 3,695 | - | - | 3,695 | 3,818 | - | - | 3,818 |
| Giving | - | - | 3,609 | 3,609 | - | - | 957 | 957 |
| Giving CDBF | - | - | 23,055 | 23,055 | - | - | 2,742 | 2,742 |
| Zambia Church donations | 6,956 | - | 1,131 | 8,087 | 5,228 | - | 1,292 | 6,520 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 137,093 | 50,915 | 107,700 | 295,708 | 125,775 | 63,127 | 40,984 | 229,886 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 8
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2(b) Charitable activities | ||||||||
| Fundraising | 126 | - | - | 126 | 163 | - | - | 163 |
| PCC fees | 2,458 | - | - | 2,458 | 3,478 | - | - | 3,478 |
| Gifts | 425 | - | - | 425 | 6,450 | - | - | 6,450 |
| Messy Church | 111 | - | - | 111 | 213 | 213 | ||
| Youth resources | - | - | 97 | 97 | - | - | 73 | 73 |
| Compassion | - | - | 494 | 494 | - | - | 69 | 69 |
| Rental income – 588 Loose Road | - | - | 8,400 | 8,400 | - | - | 12,000 | 12,000 |
| Parish Weekend away | 950 | - | - | 950 | 3,807 | - | - | 3,807 |
| Events | 5,593 | 800 | - | 6,393 | 2,614 | 420 | - | 3,034 |
| External printing | 7 | - | - | 7 | 28 | - | - | 28 |
| Bookstall | - | - | - | - | 578 | - | - | 578 |
| Building works – General repairs | - | - | - | - | 16,318 | - | - | 16,318 |
| Holiday Club | - | - | 1,107 | 1,107 | - | - | - | - |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 9,670 | 800 | 10,098 | 20,568 | 33,649 | 420 | 12,142 | 46,211 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 9
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| 2(c) Investments: | ||||||||
| Interest | 3,526 | - | 21 | 3,547 | 4,005 | - | 15 | 4,020 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 3,526 | - | 21 | 3,547 | 4,005 | - | 15 | 4,020 | |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| 3. EXPENDITURE ON: | ||||||||
| 3(a) Raising funds : | ||||||||
| Fundraising expenses | - | - | - | - | - | - | - | - |
| Marketing wages | 90 | - | - | 90 | 117 | - | - | 117 |
| Bookstall | 242 | - | - | 242 | 1,104 | - | - | 1,104 |
| Website | 127 | - | - | 127 | 127 | - | - | 127 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 459 | - | - | 459 | 1,348 | - | - | 1,348 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 10
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| 3(b) Charitable activities: | ||||||||
| Ministry expenses | ||||||||
| Parish share | 96,432 | - | - | 96,432 | 64,928 | - | - | 64,928 |
| Priest expenses | - | - | - | - | - | - | - | - |
| Vicarage expenses | 2,734 | - | - | 2,734 | 2,846 | - | - | 2,846 |
| Associate minister | - | - | - | - | - | - | - | - |
| Associate minister pension | - | - | - | - | - | - | - | - |
| Associate minister expenses | - | - | - | - | - | - | - | - |
| 129 Tonbridge Road – rent | - | - | - | - | - | 20,700 | - | 20,700 |
| 129 Tonbridge Road - heating, lighting and | - | - | - | - | - | 1,156 | - | 1,156 |
| water | ||||||||
| 129 Tonbridge Road – council tax | - | - | - | - | - | 2,495 | - | 2,495 |
| Move to the Grange | - | - | - | - | - | 2,400 | - | 2,400 |
| Lease cost – The Grange | - | 28,800 | - | 28,800 | - | 7,200 | - | 7,200 |
| Utilities – The Grange | - | 1,356 | - | 1,356 | - | 153 | - | 153 |
| Council Tax – The Grange | - | 4,174 | - | 4,174 | - | 540 | - | 540 |
| Ministry training expenses | 1,221 | - | - | 1,221 | 1,746 | - | - | 1,746 |
| Christianity Explored | - | - | - | - | 421 | - | - | 421 |
| Rental of Lighthouse Church | - | 6,590 | - | 6,590 | - | 3,515 | - | 3,515 |
| Immanuel church costs | - | 2,059 | - | 2,059 | - | 1,686 | - | 1,686 |
| Immanuel church set up costs | - | - | - | - | - | 875 | - | 875 |
| Mortgage 588 Loose Road interest | - | - | 1,387 | 1,387 | - | - | 1,780 | 1,780 |
| Insurance | - | - | 732 | 732 | - | - | 706 | 706 |
PAGE 11
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| Church expenses | ||||||||
| Heating, lighting and water | 8,319 | - | - | 8,319 | 12,966 | - | - | 12,966 |
| Garden | 499 | - | - | 499 | - | - | - | - |
| Upkeep of services | 1,750 | - | - | 1,750 | 2,018 | - | - | 2,018 |
| Printing and magazines | - | - | - | - | 940 | - | - | 940 |
| I. T. costs | 431 | - | - | 431 | 220 | - | 769 | 989 |
| 321 Speak Life | 1,117 | - | - | 1,117 | - | - | - | - |
| Donations | 9,102 | - | - | 9,102 | 9,079 | - | - | 9,079 |
| Gifts | 581 | - | - | 581 | 6,512 | - | - | 6,512 |
| Messy Church | 1,404 | - | - | 1,404 | 1,590 | - | - | 1,590 |
| Repairs and maintenance | 1,639 | - | - | 1,639 | 405 | - | - | 405 |
| Kitchen and cleaning | 1,037 | - | - | 1,037 | 760 | - | - | 760 |
| Livestreaming | 190 | - | - | 190 | 234 | - | - | 234 |
| Toddler Praise | 466 | - | - | 466 | - | - | - | - |
| Building work – Redecorations | 672 | - | - | 672 | 12,280 | - | - | 12,280 |
| Building work – Tiddler room | - | - | - | - | 15,639 | - | - | 15,639 |
| Great Grace Giving | - | - | 2,679 | 2,679 | - | - | - | - |
| Teaching materials | - | - | 826 | 826 | - | - | 1,264 | 1,264 |
| Youth workers | - | 47 | 20,550 | 20,597 | - | - | 20,475 | 20,475 |
| Events | 5,151 | 832 | - | 5,983 | 3,943 | 645 | - | 4,588 |
| Immanuel wages | - | 2,699 | 25,921 | 28,620 | - | 28,620 | - | 28,620 |
| Youth workers pension | - | - | 776 | 776 | - | - | 802 | 802 |
| Cornhill | - | 2,763 | 1,819 | 4,582 | - | - | - | - |
| Youth minster | - | - | 25,000 | 25,000 | - | - | 2,974 | 2,974 |
| Youth minister pension | - | - | 1,208 | 1,208 | - | - | - | - |
| Flower Fund | - | - | 200 | 200 | - | - | - | - |
| Zambia Church | 10,056 | - | 1,131 | 11,187 | 7,998 | - | 1,621 | 9,619 |
| Pension contribution Immanuel church | - | 1,150 | - | 1,150 | - | 1,283 | - | 1,283 |
| Giving YW | - | - | - | - | - | - | 1,500 | 1,500 |
| Compassion | - | - | 384 | 384 | - | - | 64 | 64 |
| Holiday Club | - | - | 1,139 | 1,139 | - | - | 977 | 977 |
PAGE 12
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | |
| Church Management | ||||||||
| Parish office | 3,688 | - | - | 3,688 | 2,463 | - | - | 2,463 |
| Stationery | - | - | - | - | - | - | - | - |
| Secretary | 10,807 | - | - | 10,807 | 9,880 | - | - | 9,880 |
| Director of music and technology | - | - | - | - | - | - | - | - |
| Youth expenses | - | - | 606 | 606 | - | - | 515 | 515 |
| PCC expenses | - | - | 60 | 60 | - | - | 60 | 60 |
| Depreciation | 186 | - | - | 186 | 232 | - | - | 232 |
| Interest | - | - | - | - | - | - | - | - |
| Insurance | 3,051 | - | - | 3,051 | 2,994 | - | - | 2,994 |
| Training | - | - | 125 | 125 | - | - | 372 | 372 |
| Telephone | 1,305 | - | - | 1,305 | 1,466 | - | - | 1,466 |
| House expenses | - | - | 4,728 | 4,728 | - | - | 595 | 595 |
| Music | 567 | - | - | 567 | 427 | - | - | 427 |
| Chapel expenses | - | - | 3,000 | 3,000 | - | - | 223 | 223 |
| Parish weekend away | 4,296 | - | - | 4,296 | 4,074 | - | - | 4,074 |
| _ | _ | _ | _ | _ | _ | _ | _ | |
| 166,701 | 50,470 | 92,271 | 309,442 | 166,061 | 71,268 | 34,697 | 272,026 | |
| _ | _ | _ | _ | _ | _ | _ | _ |
PAGE 13
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| 3(c) Other: | ||||||
| Independent examiner fees | 1,128 | - | 1,128 | 1,074 | - | 1,074 |
| Bank charges | - | - | - | |||
| Legal and professional fees | - | - | - | 1,002 | - | 1,002 |
| _ | _ | _ | _ | _ | _ | |
| 1,128 | - | 1,128 | 2,076 | - | 2,076 | |
| _ | _ | _ | _ | _ | _ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
4. RELATED PARTIES
During the year the Reverend Chris Conn purchased a house which he lives in as his private residence. The property is being leased back to the church. Reverend Chris Conn is employed by All Saints, Loose Church as an Assistant Minister to lead the Immanuel Maidstone Church plant.
The amount owed to Reverend Chris Conn as at 31 December 2025 was £nil.
No other related party to the PCC has been paid or is payable remuneration from the funds of the PCC.
There were no donations made to the PCC by trustees with conditions attached.
The aggregate of trustee donations without conditions has not been disclosed. The trustees believe that no undue influence is exercised by the trustees, individually or collectively, solely because of their giving. In addition, the collection of the data relating to the giving by individuals would risk breaching the confidentiality promised to church members in relation to their giving.
5. STAFF COSTS
| Wages and salaries Pension contributions |
2025 £ 85,114 3,134 88,248 |
2024 £ 62,066 2,085 64,151 |
|---|---|---|
In 2025, one employee received benefits of £64,750. In 2024 no employees received benefits in excess of £60,000.
The average number of employees during the year was 4 (2024 – 4)
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
6. INDEPENDENT EXAMINATION AND ACCOUNTANCY FEES
The fee charged by the independent examiner for the examination is £1,128, VAT inclusive.
7. TANGIBLE FIXED ASSETS
| Freehold | Church | Total | |
|---|---|---|---|
| Land and | Equipment | ||
| Buildings | |||
| £ | £ | £ | |
| ACTUAL/DEEMED COST | |||
| At 1 January 2025 | 152,310 | 2,276 | 154,586 |
| Additions | - | - | - |
| Disposals | - | - | - |
| __ | __ | __ | |
| At 31 December 2025 | 152,310 | 2,276 | 154,586 |
| __ | __ | __ | |
| DEPRECIATION | |||
| At 1 January 2025 | - | 1,342 | 1,342 |
| Charge for the year | - | 186 | 186 |
| Less depreciation on disposals | - | - | - |
| __ | __ | __ | |
| At 31 December 2025 | - | 1,528 | 1,528 |
| __ | __ | __ | |
| NET BOOK VALUE | |||
| At 31 December 2025 | 152,310 | 748 | 153,058 |
| __ | __ | __ | |
| At 31 December 2024 | 152,310 |
934 | 153,244 |
| __ | __ | __ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 16 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
8. DEBTORS
| 8. DEBTORS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Tax recoverable | 4,187 | 975 |
| 129 Tonbridge Road deposit | 3,115 | 3,115 |
| Amount Owed by Unrestricted Plant Church Fund | 577 | 577 |
| Amount Owed by Restricted Fund | 3,955 | - |
| ______ | ______ | |
| 11,834 | 4,667 | |
| ______ | ______ | |
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN | ||
| ONE YEAR | ||
| 2025 | 2024 | |
| £ | £ | |
| Mortgage – 558 Loose Road | 6,181 | 5,788 |
| British Gas – Electric | 232 | 3,466 |
| Surveyor fees - | - | 1,002 |
| Independent examiners fees | 1,128 | 1,074 |
| British Gas - Gas | - | 3,254 |
| Total energies - Gas | 3,204 | - |
| Lighthouse | 3,155 | - |
| Amount owned to Restricted Fund | 3,955 | - |
| Pension Contributions | - | 203 |
| Amount Owed to Restricted Youth Fund | 577 | 577 |
| Pension contributions | - | 145 |
| Amount Owed to Pastor Lazarus | 1,169 | - |
| ______ | ______ | |
| 19,601 | 15,509 | |
| ______ | ______ |
An amount of £69,338 is outstanding for Parish Share from 2024. As there is no legal obligation to pay this it has not been included as a creditor. The PCC resolved that from 1 November 2024, the Parish Share would be paid to the Ephesian Fund for onward distribution.
10. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Mortgage – | 558 | Loose Road | 11,770 | 18,344 |
| _____ | _____ | |||
| 11,770 | 18,344 | |||
| ______ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
11. UNRESTRICTED FUNDS
| General | Designated | Designated | TOTAL | ||
|---|---|---|---|---|---|
| Unrestricted | Bequest | Trainee/ | Immanuel | ||
| Apprentice | Church Fund | ||||
| Funds | Fund | Fund | |||
| £ | £ | £ | £ | £ | |
| Balance b/fwd 1 January 2024 | 43,696 | 2,000 | 2,763 | 3,656 | 52,115 |
| Income | 163,429 | - | - | 63,547 | 226,976 |
| Expenditure | (169,485) | - | - | (71,268) | (240,753) |
| Transfers between funds | - | - | - | - | - |
| _ | _ | _ | __ | _ | |
| Balance c/fwd 31 December 2024 | 37,640 | 2,000 | 2,763 | (4,065) | 38,338 |
| _ | _ | _ | __ | _ | |
| Balance b/fwd 1 January 2025 | 37,640 | 2,000 | 2,763 | (4,065) | 38,338 |
| Income | 150,289 | - | - | 51,715 | 202,004 |
| Expenditure | (168,288) | - | (2,763) | (47,707) | (218.758) |
| Transfers between funds | (107) | - | - | 57 | (50) |
| Profit/(Loss) on disposals | - | - | - | - | - |
| _ | _ | _ | __ | _ | |
| Balance c/fwd 31 December 2025 | 19,534 | 2,000 | - | - | 21,534 |
| _ | _ | _ | __ | _ |
Designated Funds
Bequest Fund
During 2021 the PCC received two bequests from church members. There were no restrictions on the gifts but the PCC has decided to set aside these funds until an appropriate project can be found.
Trainee/Apprentice Fund
Funds received by the PCC from church members set aside to be used to support apprentices training when attending Cornhill Training College in London.
Immanuel Church Fund
Funds set aside by the church to establish a new church in Maidstone.
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 18 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS
| Youth | Barnabas | Millenium | Zambian | Zambian | Flower | Great | |
|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | Support | Church | Fund | Grace | |
| Fund | Fund | Giving | |||||
| £ | £ | £ | £ | £ | £ | £ | |
| Balance b/fwd | 157,253 | 591 | 106 | 53 | 53 | 911 | - |
| 1 January 2024 | |||||||
| Income | 46,051 | - | - | 105 | 105 | - | - |
| Expenditure | (33,076) | - | - | (158) | (158) | - | - |
| Transfers between funds | - | - | - | - | - | - | - |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance c/fwd | |||||||
| 31 December 2024 | 170,228 | 591 | 106 | - | - | 911 | - |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance b/fwd | 170,228 | 591 | 106 | - | - | 911 | - |
| 1 January 2025 | |||||||
| Income | 85,247 | - | - | 138 | 138 | - | 16,916 |
| Expenditure | (62,340) | - | - | (138) | (138) | (200) | (2,679) |
| Transfers between funds | - | - | - | - | - | 50 | - |
| Profit/(Loss) on disposal | - | - | - | - | - | - | |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ | |
| Balance c/fwd | |||||||
| 31 December 2025 | 193,135 | 591 | 106 | - | - | 761 | 14,237 |
| ______ | ______ | ______ | _____ | ______ | ______ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 19 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS (CONT’D)
| Zambian | Immanuel Church | Zambian | Total | |
|---|---|---|---|---|
| Orphan’s | Set up Fund | Education | ||
| Fund | Fund | |||
| £ | £ | £ | £ | |
| Balance b/fwd | 225 | 6,000 | - | 165,192 |
| 1 January 2024 | ||||
| Income | 1,080 | 5,800 | - | 53,141 |
| Expenditure | (1,305) | - | - | (34,692) |
| Transfers between funds | - | - | - | - |
| Profit/(loss) on disposal | - | (404) | - | (404) |
| ______ | ______ | ______ | _____ | |
| Balance c/fwd | ||||
| 31 December 2024 | - |
11,396 | - | 183,232 |
| ______ | ______ | ______ | _____ | |
| Balance b/fwd | ||||
| 1 January 2025 | - |
11,396 | - | 183,232 |
| Income | 855 | 14,525 | - | 117,819 |
| Expenditure | (855) | (25,921) | - | (92,271) |
| Transfers between funds | - | - | - | 50 |
| Profit/(Loss) on disposal | - | - | - | - |
| ______ | ______ | _____ | ______ | |
| Balance c/fwd | ||||
| 31 December 2025 | - |
- | - | 208,830 |
| ______ | ______ | _____ | ______ |
ALL SAINTS, LOOSE PAROCHIAL CHURCH COUNCIL PAGE 20 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)
12. RESTRICTED FUNDS (CONT’D)
Restrictions on funds:-
| Youth Fund | Funds for the use of the Children, Youth and Families Ministers. For |
|---|---|
| their salary, associated costs and towards resources. | |
| Barnabas Fund | Funds for supporting people in need in the Parochial Church area of |
| Loose | |
| Millennium Fund | An old fund established to raise funds for the reordering of the church |
| building. Now not in use there is a small amount remaining within the | |
| National Westminster Bank account. | |
| Zambian Support Fund | Individual support given by church members to one of our Mission |
| Partners – Support is for Pastor Lazarous | |
| Zambian Church Fund | For the church building maintenance in the care of Pastor Lazarous in |
| Zambia. | |
| Zambian Orphans Fund | For the orphans under the care of Pastor Lazarous in Zambia who have |
| lost their parents through HIV and Aids. | |
| Boiler Repair Fund | This was money given to replace the central heating boiler in church. |
| Zambian Education Fund | Contribution towards the cost of education for students under Pastor |
| Lazarous’ care who are attending university. | |
| Immanuel Church Fund | Funds raised to establish a new church in Maidstone. |
| Great Grace Giving Fund | This fund was established from a fund raising event held in November |
| 2025. Donations were made to cover specific expenses. |
13. TRANSFERS BETWEEN FUNDS
Income reallocated from general funds to the Flower Fund to correct a misallocation in 2024.