2025-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Matthew With Saint James The Great Bethnal Green

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Charity number: 1148272

Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Financial Statements

and Trustees' Report

for the year ended 31 December 2025

AT Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Index to the Financial Statements for the year ended 31 December 2025

	Page
Index to the Financial Statements	2
Charity Information	3
Trustees' Report	4 - 6
Statement of Trustees' Responsibilities	7
Independent Examiner's Report	8
Statement of Financial Activities	9
Statement of Financial Position	10
Statement of Cash Flows	11
Accounting Policies	12 - 13
Notes to the Accounts	14 - 19

Page 2

AT Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Charity Information

for the year ended 31 December 2025

Status:	The Parochial Church Council (PCC) is a corporate body established by the Church of
	England. It is constituted and governed by the Parochial Church Councils (Powers) Measure
	1956 (as amended) and the Church Representation Rules (2011). The members of the PCC
	are its trustees under charity law and are referred to as such throughout this report.
Charity name:	Parish of St Matthew with St James the Great, Bethnal Green
Charity registration number:	1148272
Registered office:	St Matthew's Row
	London
	E2 6DT
Operations address:	St Matthew's Rectory
	Hereford Street
	London
	E2 6EX
Chair:	Jo Strong
Independent Examiner:	Anthony Armstrong FCA
	Armstrong & Co
	Chartered Accountants & Statutory Auditor
	4a Printing House Yard
	Hackney Road
	London
	E2 7PR
Bankers:	HSBC plc
	1-3 Bishopsgate
	London
	EC2N 3AQ
	0
	CCLA Investment Management Ltd
	The CBF Church of England Funds
	1 Angel Lane
	London
	EC4R 3AB

Page 3

(A Parochial Church Council registered as a charity, number: 1148272)

AT Parish of St Matthew with St James the Great, Bethnal Green

Trustees' Report, incorporating the PCC Report for the year ended 31 December 2025

The Trustees of the Parish of St Matthew with St James the Great, Bethnal Green present their report together with the financial statements for the year ended 31 December 2025.

Administrative Information:

St Matthew’s is the mother church of Bethnal Green. It is in St Matthew’s Row. It serves a parish roughly bounded by the railway to the south and east, Old Bethnal Green Road to the north and ends at the west around the Bishopsgate Goods Yard. Technically, the benefice is the Parish of St Matthew with St James the Great, Bethnal Green. About 13,000 people live in the parish.

Correspondence should be sent to:

St Matthew’s Rectory, Hereford Street. London E2 6EX

The Parochial Church Council (PCC) is a registered charity, number 1148272.

Parochial Church Council Objectives

St Matthew’s PCC is constituted to support and cooperate with the parish Priest of St Matthew’s with St James the Great, Bethnal Green, in promoting the whole mission of the church: pastoral, evangelistic, social and ecumenical. It has responsibilities for a number of properties: the church, a two-storey Parish Hall, the Parish Room, and the Watch House.

Membership

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. Occasionally a member may be co-opted after the APCM by the PCC for specific roles or purposes, again in accordance with the Rules.

During the year the following served as members of the PCC.

Up to 21 April 2025 From 21 April 2025 Mtr Rosemary Morton (Interim Priest) Mtr Rosemary Morton (Interim Priest til May 25) Ben Jones-Williams (Churchwarden) Mtr Erin Clark (stood down Sep 25) Jo Strong (Secretary) Jo Strong (Churchwarden) Jamie Barber Olivia Blanning (Treasurer) Cara Ringwood Elizabeth Mowbray Matias Wibowo (Deanery Synod Rep) Samantha Dodd (co-opted Jul 25) Cara Ringwood (Deanery Synod Rep) (stood down Oct 25) Evelyn Comand (Secretary) (stood down Oct 25)

Jo Strong stood down as Churchwarden on 1 March 2026 and was replaced by Matthew Shelley and Yara Ziade. Elizabeth Mowbray and Samantha Dodd both stood down Jan 26.

As the PCC is currently small in number, the standing committee consists of all PCC Members.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules (2020). All baptised church members over the age of 16 are encouraged to register on the Electoral Roll and are eligible to stand for election to the PCC.

Achievements and Performance

Mission Report

2025 saw one wedding, two funerals and 7 baptisms. Some of the highlights of the year are as follows:

Congregational life:

St Matthew’s Sunday morning Parish Mass and Thursday morning Silk Court Care Home Mass continued going strong throughout 2025.
Wednesday evening Mass and Rosary and Bible Study Groups were well attended until ceasing in November. The midweek offering was helpful for those who could not attend on Sundays and wished to be involved in worship and discipleship.
Our Community Chaplain was involved in many outreach projects and ministry in the parish up until his departure in July.
• Our Director of Music was instrumental in our children’s ministry alongside the Community Chaplain and now continues to lead our community choir in special feast day performances.

Page 4

(A Parochial Church Council registered as a charity, number: 1148272)

Trustees' Report, incorporating the PCC Report for the year ended 31 December 2025

AT Parish of St Matthew with St James the Great, Bethnal Green

Staffing highlights & changes

Mtr Rosemary, our part-time interim priest, provided a steady presence at the beginning of the year in the sacramental, pastoral and catechetical ministry of the parish. Mtr Erin returned from maternity leave in May but left in September to take up ministry at St Mary’s Church Battersea.
Cover at the latter end of the year was provided by Archdeacon Peter, Fr Peter Babbington, Mtr Evonne, Ftr Brian Ralph, Ftr Dumaeza Nhlapo, and a number of local Stepney guest priests.
George Haggett, Community Chaplain, left at the end of July.
Jonathan Ticher continued on our staff team as Director of Music.
Dawn Bigsby continued as Parish Administrator and Bookkeeper throughout 2025, also serving as PCC Clerk.

Other projects and events in the of the church and the parish:

Frequent school visits (both school groups to church and clergy/lay leaders to schools) continued until the end of the summer term.
Bethnal Green Bumblebees, our playgroup for babies and toddlers, continued to be well attended until the summer, but sadly ceased when our Community Chaplain left.
During Lent we held a series of Julian meetings in person and online, offering silent prayer inspired by Julian of Norwich.
Our Palm Sunday Mass was preached by Reverend Dr Ellen Clark-King, Dean of King’s College London, and was followed by a Procession down Brick Lane with Derek the Donkey from Spitalfields City Farm.
In April, a group of parishioners followed the Pilgrims Way to Canterbury. They started at Southwark Cathedral, travelled to Rochester by train for an overnight stay and then walked to Canterbury, covering 12-15 miles each day, stopping at churches en route.
In June we hosted an evening stop on the 'Planting Pilgrimage,' part of the Spiritual Ecology Festival organised by St Ethelburga’s Centre for Reconciliation and Peace.
In June we were visited by the social group from St Michael & All Angels London Fields.
We continued to support parishioners in need, both those with acute health conditions and those with immigration issues.
Corpus Christi by proceeding from St Barnabas Bethnal Green back to Matthew's Church. We were joined by people from across the Tower Hamlets Deanery and wider Stepney Area. The event was rounded off by a Benediction in church and a reception.
In July the Bumblebees had a visit from Spitalfields City Farm Petting Zoo.
A special Mass was held in August for the Eve of St Clare of Assisi.
Our Community Choir gathered to sing and celebrate Harvest Festival, All Saints and All Souls and a candlelit Carol Service, all led by our Musical Director, Jonathan Ticher.

Fabric Report

Church building

The following changes or maintenance issues were addressed in 2025.

Gutters - cleaned regularly and maintained by the PCC and diocese.
Silver plate - remains in good condition.
Essential repairs were carried out to the organ.
The sound system was upgraded.

The Churchyard continues to be maintained by Tower Hamlets Green & Parks teams, with whom we have a very good working relationship. New trees on the south side of the churchyard were planted.

The Watch House continues to be occupied by Mario Sepulveda and family.

The Parish Rooms continue in mixed use. Some of our most regular users are Beyond the Streets (nighttime outreach), The Bothy Project Food Co-Op, Leonard’s Lunchbox Pet Food bank, Simon Owens (upstairs office space), Chavdar Mazgalov (piano tuition), together with other one-off hires.

The Parish Hall (no.17 Hereford Street) continues to be let by State 51. A Rent Review continues underway, progressing to negotiation stages in 2025.

Page 5

(A Parochial Church Council registered as a charity, number: 1148272)

AT Parish of St Matthew with St James the Great, Bethnal Green

Trustees' Report, incorporating the PCC Report

for the year ended 31 December 2025

Financial Review

Total receipts on ordinary unrestricted funds were £120,576 and are detailed in the Financial Statements. Total income, including donations, legacies, charitable activities, investments and endowment activities was: £133,290. A total of £ 151,398 was spent to provide the Christian ministry from St Matthew’s.

Our Common Fund commitment of £52,500 was fully met.

Results for the year

The results of the period and financial position of the PCC are shown in the annexed financial statements.

The Statement of Financial Activities shows an in-year deficit of £26,680 and reserves of £2,358,793. An overspend of free general funds of £179 is due to the salary of the Community Chaplain, who left in July. His salary in 2024 and 2025 was off-set by the sale of St James Institute expendable endowment funds to the value of £29,000.

Tangible fixed assets for use by the charity

Fixed assets are set out in Note 12 to the accounts.

Reserves Policy

The PCC maintains a balance on unrestricted funds to cover emergency situations that may arise from time to time. The PCC keeps to its Reserves Policy which maintains that the church keep 6 months’ running costs in reserves, plus money to cover upcoming QI and other planned building works.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, Chartered Accountants and Statutory Auditor, has indicated his willingness to be proposed for re-appointment.

The financial statements were approved by the Board of Trustees on 12 April 2026 and signed on its behalf by:

Matthew Shelley Trustee

Page 6

(A Parochial Church Council registered as a charity, number: 1148272)

AT Parish of St Matthew with St James the Great, Bethnal Green

Statement of Trustees' Responsibilities for the year ended 31 December 2025

Statement of trustees' responsibilities

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

Charity law in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

a) Select suitable accounting policies and apply them consistently;
b) Observe the methods and principles in the Charities SORP;
c) Make judgements and estimates that are reasonable and prudent;
d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 7

(A Parochial Church Council registered as a charity, number: 1148272)

AT Parish of St Matthew with St James the Great, Bethnal Green

Independent Examiner's Report

to the Parochial Church Council of the Parish of St Matthew with St James the Great, Bethnal Green

I report on the accounts of Parish of St Matthew with St James the Great, Bethnal Green for the period from 1 January 2025 to 31 December 2025 set out on pages 9 to 19. My report is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and the Charities Act 2011 ( 'the Charities Act' ).

This report is made solely to the members of the PCC as a body in accordance with section 145 of the Charities Act and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the PCC members those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC and its members as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of members of the PCC and the examiner

As described on page 7, as PCC members you are responsible for the preparation of the accounts, and you consider that an audit is not required for this year under the Regulations or under section 144(2) of the Charities Act and that an independent examination is needed.

It is my responsibility to:

a) examine the accounts under section 145 of the Charities Act;
b) to follow the procedures laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the Charities Act; and
c) to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with 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 seeking explanations from the Church Council 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 next statement.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

a. the accounting records were not kept in accordance with section 130 of the Charities Act; or
b. the accounts did not accord with the accounting records; or
c. the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have 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.

Anthony Armstrong FCA of Armstrong & Co 4a Printing House Yard Chartered Accountants & Statutory Auditor Hackney Road London Dated: 12 April 2026 E2 7PR

Page 8

(A Parochial Church Council registered as a charity, number: 1148272)

Parish of St Matthew with St James the Great, Bethnal Green

Statement of Financial Activities

for the year ended 31 December 2025


Unrestricted Funds	Restricted Funds	Endowment Funds
£ 8,232 671 21,102 90,571 -	£ 851 - - - -	£ - - - - 11,863
120,576	851	11,863
643 140,724 -	- 2,539 -	- - 7,492
141,367	2,539	7,492
-	-	(8,572)
(20,791) 35,734 1,969,878	(1,688) - 22,010	(4,201) (35,734) 393,585
1,984,821	20,322	353,650

There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 9

Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Statement of Financial Position

as at 31 December 2025

Notes Fixed assets: Tangible assets 12 Investments 13 Total fixed assets Current assets: Debtors 14 Cash at bank and In hand 15 Total current assets 16 Net current assets Total net assets The funds of the charity: Endowment funds Restricted funds 21 Unrestricted funds 17 Total charity funds 17 Creditors: amounts falling due within one year	£ £ £ £ 1,940,000 1,940,000 289,641 327,213 2,229,641 2,267,213 8,577 9,028 145,842 134,517 154,419 143,545 25,267 25,285 129,152 118,260 2,358,793 2,385,473 353,650 393,585 20,322 22,010 1,984,821 1,969,878 2,358,793 2,385,473 31 December 2025 31 December 2024	£ £ £ £ 1,940,000 1,940,000 289,641 327,213 2,229,641 2,267,213 8,577 9,028 145,842 134,517 154,419 143,545 25,267 25,285 129,152 118,260 2,358,793 2,385,473 353,650 393,585 20,322 22,010 1,984,821 1,969,878 2,358,793 2,385,473 31 December 2025 31 December 2024
	£ 8,577 145,842 154,419 25,267	£ 1,940,000 327,213
		2,267,213 118,260
		2,385,473
		393,585 22,010 1,969,878
		2,385,473

Approved by the PCC on 12 April 2026 and signed on their behalf by:

Matthew Shelley Olivia Blanning Trustee Trustee

The notes on pages 12 to 19 form part of these accounts.

Page 10

Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Statement of Cash Flows

for the year ended 31 December 2025

Notes Cash flows from operating activities: Net cash used in operating activities 1 Cash flows from investing activities: Dividends, interest and rents from investments Proceeds from sale of investments Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 Notes to Cash Flow Statement 1 Adjustments for: (Gains)/losses on revaluation of investments Dividends, interest and rents from investments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by (used in) operating activities 2 Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/(expenditure) for the reporting period (as per the statement of financial activities)	2025 £ (108,246) 90,571 29,000 119,571 11,325 134,517 145,842 2025 £ (26,680) 8,572 (90,571) 451 (18) (108,246) 2025 £ 145,842 145,842	2024 £ (101,640)
		91,914 -
		91,914
		(9,726) 144,243
		134,517
		2024 £ (7,631) (4,251) (91,914) (944) 3,100
		(101,640)
		2024 £ 134,517
		134,517

Page 11

(A Parochial Church Council registered as a charity, number: 1148272)

Parish of St Matthew with St James the Great, Bethnal Green

Accounting Policies for the year ended 31 December 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with:

a) Applicable UK accounting standards, including the provisions of section 1A (Small Entities) of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102);
c) The Charities Act 2011.
d) The Charity (Accounts and Reports) Regulations 2008

Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

There are no material uncertainties about the charity's ability to continue operating and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for once the tax reclaim has been applied for. Grant income is recognised on a receivable basis.

The income from trading activities include rental income from the letting of church premises temporarily surplus to requirement, and is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Income from property held for its rental returns is included in Investments when due.

Deferred income

Income received which is contractually or otherwise not expendable until a future period is deferred to the period in which it meets the criteria for income recognition.

Endowment funds

Endowment funds are restricted funds which are capital in nature. Permanent endowments exist where there is no power to convert the capital into income. The funds can reduce where there are decreases in value, (either by losses or depreciation) of assets represented by the funds.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs expended in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC.
Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
Rentals under operating leases are charged as incurred over the term of the lease.

Page 12

(A Parochial Church Council registered as a charity, number: 1148272)

Parish of St Matthew with St James the Great, Bethnal Green

Accounting Policies

for the year ended 31 December 2025

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Sound equipment - 20% on cost Computer equipment - 33% on cost Land & buildings - No depreciation charged

Items of equipment are only capitalised where the purchase price exceeds £500.

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Investments

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the SOFA.

Page 13

(A Parochial Church Council registered as a charity, number: 1148272)

F Parish of St Matthew with St James the Great, Bethnal Green

Notes to the Accounts

for the year ended 31 December 2025

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

Net outgoing resources Net outgoing resources are stated after charging: Independent Examiners fees - Independent Examination services Trustees' emoluments	2025 £ 1,200 -	2024 £ 1,200
		-

2 Net outgoing resources

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3 Donations and legacies Personal donations Reclaimed gift aid Planned giving Grants & reimbursements Collections 4 Charitable activities Fees for occasional services Church events 5 Other trading activities Hall hire 6 Investments Rental income Bank interest received 7 Endowment income St Philip's Hall: interest received National Schools: interest received Institute: interest received St James Church Expenses: dividends received St Philip's Hall: dividends received	Unrestricted £ 3,260 685 3,378 244 665 8,232 Unrestricted £ 291 380 671 Unrestricted £ 21,102 21,102 Unrestricted £ 87,000 3,571 90,571 Unrestricted £ 4,191 878 4,623 2,089 82 11,863	Restricted £ - - - 851 - 851 Restricted £ - - - Restricted £ - - Restricted £ - - - £ - - - - - -	2025 Total £ 3,260 685 3,378 1,095 665 9,083 2025 Total £ 291 380 671 2025 Total £ 21,102 21,102 2025 Total £ 87,000 3,571 90,571 2025 Total £ 4,191 878 4,623 2,089 82 11,863	2024 Total £ 3,035 699 4,020 2,955 1,686
				12,395
				2024 Total £ 970 -
				970
				2024 Total £ 19,870
				19,870
				2024 Total £ 87,000 4,914
				91,914
				2024 Total £ 3,146 1,027 5,944 2,041 136
				12,294

Page 14

(A Parochial Church Council registered as a charity, number: 1148272)

F Parish of St Matthew with St James the Great, Bethnal Green

Notes to the Accounts

for the year ended 31 December 2025

8 Raising funds Watch House costs 9 Charitable activities Common fund Home mission Clergy expenses Rectory costs Church requisites Equipment costs Children & Youth Insurance Printing, postage & stationery PR & marketing Heat, light & water Church running costs Cleaning exps Church repairs & maintenance Parish hall costs Education & training Events & outings Sundry expenses Bank charges Legal & professional fees Independent examination fees Administration fees	Unrestricted £ 643 643 Unrestricted £ 52,500 3,456 445 1,562 988 123 333 5,080 1,810 891 6,232 3,448 5,868 2,862 19,074 13,802 2,723 16 46 4,780 1,200 13,485 140,724	Restricted £ - - Restricted £ - 606 - - - - - - - - - - - 1,933 - - - - - - - - 2,539	2025 Total £ 643 643 2025 Total £ 52,500 4,062 445 1,562 988 123 333 5,080 1,810 891 6,232 3,448 5,868 4,795 19,074 13,802 2,723 16 46 4,780 1,200 13,485 143,263	2024 Total £ 704
				704
				2024 Total £ 50,947 5,369 364 1,131 435 - 2,026 4,914 2,538 819 3,802 3,589 6,274 6,737 15,832 15,758 2,191 880 56 7,599 1,200 12,322
				144,783

10 Endowment expenditure Unrestricted Restricted £ £ National Schools: Church requisites 878 - Institute: Church maintenance 4,623 - St James Church Expenses: Church running costs 1,991 - 7,492 - 11 Staff costs Staff salaries Staff social security Staff pensions	2025 Total £ 878 4,623 1,991 7,492 2025 £ 17,985 1,287 267 19,539	2024 Total £ 1,027 770 2,041
		3,838
		2024 £ 20,195 838 268
		21,301

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2025 nor to 31 December 2024.

Page 15

(A Parochial Church Council registered as a charity, number: 1148272)

F Parish of St Matthew with St James the Great, Bethnal Green

Notes to the Accounts

for the year ended 31 December 2025

12	Tangible fixed assets Tangible 1 Tangible 2 Sound equipment £ £ £ Cost As at 1 January 2025 - - - As at 31 December 2025 - - - Depreciation As at 1 January 2025 - - - Charge for the year - - - As at 31 December 2025 - - - Net book value As at 31 December 2025 - - - As at 31 December 2024 - - -	Computer equipment £ 1,304 1,304 1,304 - 1,304 - -	Land & buildings £ 1,940,000 1,940,000 - - - 1,940,000 1,940,000	Total £ 1,941,304
				1,941,304
				1,304 -
				1,304
				1,940,000
				1,940,000

	The land & buildings include carrying costs of The Parish Hall, The Parish Room and the Watch House.

Investments Market value As at 1 January 2025 Disposals Revaluations As at 31 December 2025 Historical value at at 31 December 2025	Investments Market value As at 1 January 2025 Disposals Revaluations As at 31 December 2025 Historical value at at 31 December 2025	Total £ 327,213 (29,000) (8,572)
		289,641
		179,634

Expendable Endowments - St James Institute	£85,172 cash held in a CBF Deposit Fund, the income of which is restricted to ecclesiastical purposes which have the approval of the incumbent.
Permanent Endowments - Church Expenses Fund	3,252 CBF Investment Fund Shares valued at £72,189 at the year-end, the income of which is restricted tochurch expenses.
Permanent Endowments - St Philip's Hall	5,730.19 COIF Income Units valued at £110,718 at the year-end. The fund is restricted to the improvement of the premises. Interest on this account is currently accumulated in the St Philip's Hall restricted fund which is represented by a CCLA CBF Deposit Fund. This account is to recoup capital spent on a central heating system in 1977.
Permanent Endowments - St Philip's Hall	£1,844 cash held in a CBF Deposit Fund. The fund is restricted to the improvement of the premises. Interest on this account is currently accumulated in the St Philip's Hall restricted fund which is represented by a CCLA CBF Deposit Fund. This account is to recoup capital spent on a central heating system in 1977.
Permanent Endowments - National Schools	£19,717 cash held in a CBF Deposit Fund, the income of which is restricted to religious and charitable work in the parish.

14 Debtors: amounts falling due within one year

Prepayments

2025	2024
£	£
8,577	9,028
8,577	9,028

Page 16

(A Parochial Church Council registered as a charity, number: 1148272)

F Parish of St Matthew with St James the Great, Bethnal Green

Notes to the Accounts

for the year ended 31 December 2025

15 16 17 18 19	Bank and cash in hand Bank current account Bank deposit account CCLA deposit account CCLA rent deposit account CCLA deposit account - St Phillip's Hall Creditors: amounts falling due within one year Rent deposit held Accruals Deferred income The funds of the charity: current year Restricted funds Endowment funds Restricted income funds Total restricted funds Unrestricted funds Designated funds General funds Total unrestricted funds The funds of the charity: prior year Restricted funds Endowment funds Restricted income funds Total restricted funds Unrestricted funds Designated funds General funds Total unrestricted funds Designated funds: current year Fixed asset funds Major works sinking fund	Opening balance £ 393,585 22,010 415,595 1,985,000 (15,122) 1,969,878 2,385,473 Opening balance £ 380,878 22,036 402,914 1,980,000 10,190 1,990,190 2,393,104 Opening balance £ 1,940,000 45,000 1,985,000	Resources arising £ 11,863 851 12,714 - 120,576 120,576 133,290 Resources arising £ 12,294 3,005 15,299 5,000 117,144 122,144 137,443 Resources arising £ - - -	Resources utilised £ (7,492) (2,539) (10,031) - (141,367) (141,367) (151,398) Resources utilised £ (3,838) (3,031) (6,869) - (142,456) (142,456) (149,325) Resources utilised £ - - -	2025 £ 3,609 64,478 30,767 21,726 25,262 145,842 2025 £ 22,035 1,982 1,250 25,267 Other movements £ (44,306) - (44,306) - 35,734 35,734 (8,572) Other movements £ 4,251 - 4,251 - - - 4,251 Transfers & adjustments £ - - -	2024 £ 3,457 53,192 29,435 20,785 27,648
						134,517
						2024 £ 22,035 2,000 1,250
						25,285
						Closing balance £ 353,650 20,322
						373,972
						1,985,000 (179)
						1,984,821

						2,358,793
						Closing balance £ 393,585 22,010
						415,595
						1,985,000 (15,122)
						1,969,878

						2,385,473
						Closing balance £ 1,940,000 45,000
						1,985,000

Page 17

(A Parochial Church Council registered as a charity, number: 1148272)

F Parish of St Matthew with St James the Great, Bethnal Green

Notes to the Accounts

for the year ended 31 December 2025

Designated funds: prior year Fixed asset funds Major works sinking fund	Designated funds: prior year Fixed asset funds Major works sinking fund	Closing balance £ 1,940,000 45,000
		1,985,000

Fixed asset funds	This fund represents the amount of charity funds locked up in freehold land and buildings and other fixed assets which are needed for operational purposes. The funds are carried at the net book value of the fixed assets at the balance sheet date, after deducting any outstanding loans, endowment funds or restricted funds used to finance their acquisition.
Major works sinking fund	The fund represents the amount of charity funds set aside for possible building works in future.

21 Restricted funds: current year Bells Food Bank St Philip's Hall Fund Queen Adelaide Charity Miss Vaughan's Spitalfields Charity Choir Church 22 Restricted funds: prior year Bells Food Bank St Philip's Hall Fund Queen Adelaide Charity Miss Vaughan's Spitalfields Charity Choir Church	Opening balance £ 851 468 15,678 2,087 2,578 348 22,010 Opening balance £ 851 418 15,678 2,896 2,193 - 22,036	Incoming resources £ - - - 700 151 - 851 Incoming resources £ - 50 - 570 385 2,000 3,005	Resources expended £ - - 1,933 606 - - 2,539 Resources expended £ - - - 1,379 - 1,652 3,031	Transfers & adjustments £ - - - - - - - Transfers & adjustments £ - - - - - - -	Closing balance £ 851 468 13,745 2,181 2,729 348
					20,322
					Closing balance £ 851 468 15,678 2,087 2,578 348
					22,010

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

from unrestricted funds.
Bells	Funds received for restoration of Church Bells.
Food Bank	Funds administered on behalf of Bow Food Bank.
St Philip's Hall Fund	Funds received for purchase or refurbishment of premises.
Queen Adelaide Charity	Funds received for Home mission.
Miss Vaughan's Spitalfields Charity	Funds received for Home mission.
Choir Church	After school singingclub forprimaryschool children.

23 Transfers between funds: current year Endowment to general	General funds 35,734 35,734	Designated funds -	Restricted funds -	Endowment funds (35,734) (35,734)	Total -
					-

Page 18

F Parish of St Matthew with St James the Great, Bethnal Green

(A Parochial Church Council registered as a charity, number: 1148272)

Notes to the Accounts

for the year ended 31 December 2025

24 Net assets attributable to funds: current year Tangible fixed assets Current assets Current liabilities Net assets represented by funds 25 Net assets attributable to funds: prior year Tangible fixed assets Current assets Current liabilities Net assets represented by funds	General funds - 25,088 (25,267) (179) General funds 4,251 4,662 (24,035) (15,122)	Designated funds £ 1,940,000 45,000 - 1,985,000 Designated funds £ 1,940,000 45,000 - 1,985,000	Restricted funds £ - 20,322 - 20,322 Restricted funds £ - 23,260 (1,250) 22,010	Endowment funds £ 289,641 64,009 - 353,650 Endowment funds £ 322,962 70,623 - 393,585	Total £ 2,229,641 154,419 (25,267)
					2,358,793
					Total £ 2,267,213 143,545 (25,285)
					2,385,473

26 Taxation

The PCC is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

27 Post balance sheet events

There were no significant post balance sheet events.

28 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2025 nor at 31 December 2024.

29 Related parties

During the year the members of the PCC and their related parties made aggregate donations of £712 (2024: £1,625).

30 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

Page 19