Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
**Charity number: 1156025**
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **UNAUDITED**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _**Ministry, Vision and Structure**_
## _About us_
St Luke’s is a conservative evangelical Anglican family-friendly, gospel-centred church, a three-minute walk from Wimbledon Park tube station. We aim to spread the good news of Jesus Christ as set out in the Bible both within the Parish and further afield so that everyone may come to God’s salvation and grow in their discipleship.
## _Objectives_
The primary objective of the PCC is to promote the Good News of our Lord Jesus Christ according to the doctrines and practices of the Church of England as defined by the Book of Common Prayer (1662), and the 39 Articles of Religion. The functions of the PCC include ‘co-operation with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’ (PCC Powers Measure 1956). The PCC has assented to the Jerusalem Declaration.
## _Vision_
Our ministry as a church is driven by this desire:
_To be a thriving, Bible-centred community church who know God’s love for us and share the gospel of Jesus Christ._
## _Mission_
Our ministry as a church is focused on:
_Growing disciples of Jesus who love God, His church, His word, His work and His world._
## _Values_
Our ministry as a church is shaped by a culture of: _Loving Jesus, Love One Another, Loving Our Community_
## _Structure_
Our structure provides the ministries which enable us to be growing healthy disciples of Jesus who love God, His church, His word, His work and His world.
Under the leadership of the Vicar and the PCC, our ministry is structured in order to deliver the following five key elements of a healthy disciple of the Lord Jesus:
- Mission: Evangelising our community
- Membership: Engaging in church
- Maturity: Edifying believers
- Ministry: Equipping believers to serve
- Magnification: Exalting Christ
## _**Mission and Evangelism**_
## _Occasional Offices_
During 2025 we held one baptism and two dedications. There was one wedding and one memorial service in church.
## _Regular Events_
We continue to run a popular weekly term-time Playgroup for parents and children from the local area – with toys, refreshments, a Bible story and song time.
Our weekly term time Friday Youth Groups for 11-18 year olds from church and their friends is well attended. The groups have games, snacks a Bible talk or study and space to ask questions.
Our partnership with local schools is developing and we have enjoyed good opportunities to serve both Wimbledon Park Primary School and St Cecilia’s Secondary School this year **.** We visited Wimbledon Park Primary school for assemblies at Easter and Christmas, helped to run the Christian Union at St Cecilia’s Secondary School and twice hosted a Worship in the Community service for secondary students. We also visited a local nursery to tell the Christmas story.
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Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _Seasonal and One-Off Events_
In the spring we hosted an Easter family fun day, which took place on a Saturday afternoon with crafts, a bouncy castle, a Gospel talk and refreshments. In October we had a Harvest Service and lunch with 86 church members, guests and children attending. To coincide with Halloween we again held our popular alternative Pop Up ‘Light Stop’ event aimed principally at members of the local community.
During the run-up to Christmas we joined our local community street group ‘The Cresidents’ for the Christmas tree lighting/carols event in the local high street and also provided a choir to sing carols at the local Farmers’ Market and raise money for the Wimbledon Foodbank.
We welcome all newcomers, regardless of their faith, to our meetings. We also run when required ‘Understanding the Bible’ courses for those who are exploring what the Christian faith means and read the Bible 1-2-1 with those who are interested.
Our community hub continues to provide a place for anyone in the community to pop-in to a warm place, offering hot drinks, cake and biscuits, along with a weekly quiz.
The Property Committee and Tuesday morning Work Group meet regularly to maintain and manage our building as a welcoming and useable space for mission and ministry and many comment on how attractive and well maintained the buildings and garden are.
## _**Worship and Prayer**_
## _Regular services_
Our largest gatherings are our weekly Sunday services. All our services have a mixture of hymns, songs, a Bible reading, prayers, and a sermon. We usually preach through a Bible passage, applying its message in a relevant and engaging way for today. During 2025, our main service was the 10.30am Morning Service. This service took the form of a Holy Communion service once per month.
This service caters for all ages, beginning with around 20 minutes of time all together for worship and time to look at the Bible all together, before 3-14 years olds go out to the church hall for age-appropriate teaching in Sunday Club and Youth Nano. We also provide a crèche facility for parents to take under 3s where the service is relayed.
Various Church members and visiting clergy have led this service during our interregnum until our new Vicar arrived in September 2025.
The older youth (14-18 year olds) are invited to attend and serve in the morning service and have their own meetings on Fridays for Bible study, prayer and fellowship.
## _Seasonal and One-Off Services_
At Easter we held a contemplative ‘Hour at the Cross’ Service on Good Friday and a Family Service with Holy Communion and an Easter Egg Hunt on Easter Day.
In September the licencing of our new minister the Revd Stephen Fraser took place. It was officiated by Bishop Rob Munro (Ebbsfleet) and Bishop Christopher (Southwark) and attended by 113 church members and visitors.
In October we had a Harvest Service and lunch with 86 church members, guests and children attending. In November we held a Remembrance Day service with 78 Church members.
During the Christmas season we ran a Christingle service (167 attending), a Family Service/Scratch Nativity play (119 attending), a service of Carols by Candlelight Service (143 attending), a Christmas Eve Crib Service (108 attending) and an ‘All Age’ service on Christmas Day. For the carol service, we brought together a community choir that included both church members and people from the wider community.
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Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _**Growth, Maturity and Fellowship**_
Outside of Sunday services we run Friday Youth groups for 11-18 year olds. Twice a year we take our youth to Sorted Nano youth gatherings in Central London with hundreds of others. Our Youth Worker and some of the youth attended Summer Camps and several families attended and enjoyed ‘Bible by the Beach’ during the first May Bank holiday. St Luke’s also continues to be part of the team running the Christian Union at St Cecilia’s Secondary School in Southfields.
Life Groups meet regularly ‘in-person’ or on-line to provide opportunities for discipleship, Bible study, prayer, support and fellowship. In addition, we held a central ‘Prayer First meeting each month in church, in the morning and evening. Frequently one of our mission partners attended either in person or on ZOOM.
We provided pastoral support through the visiting team and also Life Groups.
We had a Breakfast for church members in June, with a visiting speaker helping us to consider our response as believers to suffering.
## **Financial Review**
## _Income_
Total income was £256,881 (2024 - £256,022). Unrestricted donations (before adding tax relief) in 2025 were £69,670 (2024 - £66,219), an increase of 5% compared with 2024. We are grateful for the generosity of the members of our congregation. In addition, there were restricted donations of £11,745 (before adding tax relief) collected to give to other organisations.
The church halls and houses continue to be a valuable resource for the church and local community, as well as providing income to support our ministry. Gross income from the halls and houses was £156,072 (2024 - £156,305). After taking account of running costs and the estimated cost of repairs and refurbishments of £60,935 for the halls and houses (2024 - £62,459), the halls and houses made a net contribution of £95,137 (2024 – £93,846).
Dividend income and interest were £10,757 (2024 - £12,815).
The capital value of our investments fell by £6,245 over the year (2024 – a gain of £6,051), after adjusting for a disposal. CCLA closed their UK equity fund in June 2025 , and the proceeds were transferred to a cash deposit fund. The end year cash balance therefore benefited by £56,514, and the value of investments was reduced by the same amount. However as described in further detail later in this report with the reclassification of four flats as investment properties, and their revaluation to a fair value at 31 December 2025, the statement of financial activities is recording an overall unrealised gain on investments for the year of £1,079,755.
## _Expenditure_
Total expenditure was £311,056 (2024 - £340,288). The major items include the contribution to the diocese of £89,300 (2024 - £63,000), part of which effectively comes back in the form of the stipend and related employment costs for our vicar and the maintenance of the vicarage.
Our direct staff employment costs were £46,648 (2024 - £45,207).
Church and church hall running costs were £43,414 (2024 - £38,156), covering insurance, heat and light, software and copyright fees, and general supplies. Church maintenance and replacement costs were £49,874 (2024 - £75,678).
During 2025 the PCC undertook some significant building maintenance projects. The most significant were the hall windows/roof repairs & upgrade (£27,695), the ‘new tenant’ refurbishment of 37 Lucien Road (£16,627), new carpet and re-decoration of the new rooms/lounge (£4,170) and roof repairs on the South aisle roof of the Church (£3,505). Routine repairs and maintenance for the Church houses was however relatively low this year at £5,555.
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## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _Payments to the Diocese_
The PCC had resolved that for 2025 and future years to contribute to the diocese an amount equal to the full Parish Share Fund amount, representing the average cost of a parish, subject to annual review. (In earlier years the PCC had paid less but had paid a compensating amount to support other churches in London.)
The PCC decided in July that its contribution to the diocese would be paid via the Ephesian Fund, which exists to enable PCCs to fund evangelical ministries that hold to biblical and apostolic doctrine. This was implemented from September and continues.
## _Support for Mission_
The PCC’s policy is to allocate a percentage of our income (ie donations and tax reclaimed, legacies, interest and dividends, and the net income from renting the church hall and the church properties). For 2025, the PCC allocated 12.5% of the net income for 2024, that is £23,100. Note 16 provides details of the movements on funds, including the mission fund allocation described in this paragraph. The money paid out in 2025 includes some payments from the 2024 mission allocation but paid in early 2025. Similarly, some payments from the 2025 mission allocation were made in early 2026.
There were also occasional special collections for particular charities, in particular Open Doors and St Patrick’s College Madagascar. The Christmas Collection raised £12,471 (including gift aid), which was shared equally between the London City Mission, Holy Cross (Sheffield) and Open Doors. The income and expenditure for these purposes has been classified under the banner “Other Small Funds” in note 16. Note 8 to the financial statements gives details of the amounts distributed to all charities in relation to 2025.
## _Financial result for the year_
The result for the year, before taking account of net gains on investments, was a deficit of £54,175 (2024 – a deficit of £84,266).
## _Cash flow_
The bank and deposit account balances at 31 December 2025 were £186,029 (2024 - £172,205).
After making an adjustment of the income from sale of investments, the net cash outflow for the year was £53,788 (2024 - an outflow of £84,386). This includes the balances held in our bank accounts, and our deposit funds with the CoE Central Board of Finance, which we have disclosed separately on the face of the balance sheet.
## _Balance sheet_
Tangible fixed assets have historically comprised the church hall, a house and six flats contained within three houses. However, as four of the flats have been earning commercial rents for the whole of 2025, the PCC has recognised that these flats should now be treated as investment properties in the accounts. An accounting transfer has therefore been made to the Investment properties category representing the cost incurred by the PCC when these properties were initially acquired. Investment properties are required to be shown in the accounts at fair value, so the flats have been revalued. With the reclassification of the four flats as investment properties, and their revaluation to a fair value at 31 December 2025, the statement of financial activities shows an unrealised gain on investments for the year of £1,079,755.
In total fixed assets at 31 December 2025 are carried at £1,951,719, compared to £928,385 at 31 December 2024.
Current assets principally comprise cash at bank, short-term deposits held in Church of England deposit funds.
Debtors include gift-aid recoverable from HMRC in respect of the final quarter of 2025.
Creditors include some staff expenses incurred but not yet claimed, and the bulk of the Christmas Collection which had been banked awaiting distribution in January 2026.
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## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _Church Funds_
The finances of the Church are classified into one of two categories:
Unrestricted - where income is given to be used at the discretion of the PCC for furthering the mission and ministry of the Church;
Restricted - where money received has been given for a particular purpose and can only be used for that specific purpose.
Restricted funds at 31 December 2025 were £43,962 (2024 - the same), representing the Clarkson fund, the Passmore Fund (which is to be used specifically for the upkeep of the Chapel), the Pastoral fund and other smaller funds where money has been received for specific purposes.
The Pastoral fund is a restricted fund that was created in 2015 to be used to aid members of the church who are in need or face times of difficulty. The fund stood at £706 at 31 December 2025.
## _Reserves policy_
Accumulating large reserves is not in keeping with the aims of the PCC. The PCC has continued its policy of investing its funds for future gospel work – both within the Parish and beyond. The PCC continues to consider how best to use these funds to secure and further the spread of the gospel for the future. At 31 December 2025 the PCC had a balance on free unrestricted reserves (excluding all fixed assets, designated and restricted funds) amounting to £129,041.
## **Structure, governance and management**
The PCC is a corporate body, operating under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules, and is a registered charity - number 1156025. The roles and responsibilities are set out in the Regulations and Cannons of the Church of England. In summary, the PCC supports the incumbent and the staff in the exercise of their spiritual ministry, and is responsible for financial administration and for the management of church properties. The appointment or election of PCC members is governed by the Church Representation Rules.
The PCC has delegated powers to the Standing Committee to conduct its affairs between PCC meetings. Member of the Standing Committee are the vicar, the churchwardens, and the PCC secretary (if a member of the PCC) and one or two other members. From May 2024 until September 2025 these were Clare Luther and T Stileman – Clare Luther stood down once the new vicar was in post.
The Property Maintenance Committee has been delegated powers to administer and oversee property matters in respect of the Church, the halls and the Church houses.
The PCC members confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have regard to the Charity Commission’s general guidance on public benefit. The members believe that public benefit is provided by expounding the biblical Christian faith and what it means to live as a disciple of Jesus Christ.
## _Protection of Children and Vulnerable Adults_
The PCC has in place policies on child protection in line with Diocesan guidance. Helen Wiffen & Jessica Pearce have served as the parish Safeguarding Officers. Their role is to ensure all those working with children and vulnerable adults have undergone the necessary checks and are aware of the PCC’s policies and offer advice as required, and to ensure that if any issues do arise they are dealt with appropriately (in consultation with the Diocesan Safeguarding Office as necessary). They have established a separate ‘password-protected’ e-mail address (stlukessg@btopenworld.com) for all safeguarding matters.
The PCC formally adopted resolutions in the form suggested by the Diocese in January 2020 regarding reporting of safeguarding and non-safeguarding serious incidents to the Charity Commission, and agreed that the Churchwardens would assume responsibility for reporting non- safeguarding serious incidents directly to the Charity Commission in accordance with Charity Commission Guidance.
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## **St Luke’s Church, Wimbledon Park**
## **Report of the Parochial Church Council for the year ended 31 December 2025**
## _Data Protection_
The PCC were notified by the Diocese of Southwark in August 2025 that a data breach had occurred involving Access Personal Checking Services (APCS) Ltd, whom the diocese have used to undertake Disclosure and Barring Service (DBS) checks on behalf of St Luke’s. Personal data about two St Luke’s volunteers is believed to have been exfiltrated. The nature of the data created a potential high risk of identity and financial fraud for those individuals. The PCC, as data controller, reported the incident to the Information Commissioner’s Office. (The Charity Commission had indicated that, as they had received many reports of the incident, individual parishes need not report it to them in this instance.) The Diocese and the PCC offered access to an enhanced credit checking and monitoring service for 12 months for those at risk.
More generally, the PCC has begun a review of procedures and practice for handling personal data to ensure full compliance with best practice.
## _Ministry Staff_
The Churchwardens and PCC are grateful to the many local clergy who supported and preached at St Luke’s during the Interregnum. The Patron, the Simeon Trustees, advertised the vacancy and invited three candidates for interview by representatives of the Patron, the PCC, the Diocese, and the Bishop of Ebbsfleet. Rev’d Stephen Fraser was instituted as Vicar on 15 September 2025.
Ruth Dwyer was Youth and Women’s worker and Dharshika Sabaratnam was church Administrator. Employees of the PCC are enrolled in the NEST pension scheme. The PCC contributes 8% of gross salary.
## _Episcopal Oversight_
The Bishop of Ebbsfleet has provided episcopal oversight for St Luke’s, following a resolution passed by the PCC in 2017 under the House of Bishops’ Declaration on the Ministry of Bishops and Priests.
## **Members of the PCC**
The membership of the PCC during 2025 was:
Chair: Nigel Legge (until September 2025) Rev’d Stephen Fraser (from September 2025) Churchwardens: Nigel Legge (also a Deanery Synod Representative) Philip Benjamin
Deanery Synod: Ruth Dwyer
Representatives of the Laity:
Astrid Evans (elected May 2025) Pat Hall Barrie Huckstepp (Co-Opted) Clare Luther Mark Mallon (Retired May 2025) Anthony Parsons (Retired May 2025) T Stileman Tom Wilson (elected May 2025) Violetta Barzankian-Kaydan
Violetta Barzankian-Kaydan served as PCC Secretary.
This report was approved by the PCC and signed on its behalf by:
Stephen Fraser, Chair of the PCC Date: 13 April 2026
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## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Independent examiner's report to the Trustees of St Luke's Church, Wimbledon Park (the 'church')**
I report to the charity Trustees on my examination of the accounts of the church for the year ended 31 December 2025.
This report is made solely to the church's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the church's Trustees 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 church and the church's Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the Trustees of the church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the church has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the church as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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 no concerns and 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.
Signed: Richard Hill
Dated: 15/4/2026 FCA
## **Griffin Stone Moscrop & Co**
Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
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Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net expenditure before net gains on**
**investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**86,258**
**145,696**
**10,757**
**242,711**
**296,886**
**296,886**
**(54,175)**
**1,079,755**
**1,025,580**
**1,055,180**
**1,025,580**
**2,080,760**|**Restricted**
**funds**
**2025**
**£**
**14,170**
**-**
**-**
**14,170**
**14,170**
**14,170**
**-**
**-**
**-**
**43,962**
**-**
**43,962**|**Total**
**funds**
**2025**
**£**
**100,428**
**145,696**
**10,757**
**256,881**
**311,056**
**311,056**
**(54,175)**
**1,079,755**
**1,025,580**
**1,099,142**
**1,025,580**
**2,124,722**|Total
funds
2024
£
85,689
157,518
12,815
256,022
340,288
340,288
(84,266)
6,051
(78,215)
1,177,357
(78,215)
1,099,142|
|---|---|---|---|---|
The notes on pages 4 to 18 form part of these financial statements.
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## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **BALANCE SHEET AS AT 31 DECEMBER 2025**
|**Note**
**Fixed assets**
Tangible assets
10
Investments
12
Investment properties
11
**Current assets**
Debtors
13
Investments
14
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
16
**Total funds**|**5,595**
**106,644**
**79,385**
**191,624**
**(18,621)**|**2025**
**£**
**612,834**
**122,885**
**1,216,000**
**1,951,719**
**173,003**
**2,124,722**
**2,124,722**
**2,124,722**
**43,962**
**2,080,760**
**2,124,722**|3,070
102,027
70,178
175,275
(4,518)|2024
£
742,834
185,551
-|
|---|---|---|---|---|
|||||928,385
170,757|
|||||1,099,142|
|||||1,099,142|
||||||
|||||1,099,142|
|||||43,962
1,055,180|
||||||
|||||1,099,142|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
## **Rev'd Stephen Fraser**
(Chair of the PCC) Date: 13 April 2026
The notes on pages 4 to 18 form part of these financial statements.
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## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. General information**
St Luke's Church is a conservative evangelical Anglican church located in Wimbledon Park. A description of the nature of the church's operations and its principal activites can be found in the PCC Members' Report.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
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 financial statements. 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)" issued in October 2019, the "Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)" and the Charities Act 2011. The reporting currency is £ sterling, and figures within the financial statements have been rounded to the nearest £1.
St Luke's Church, Wimbledon Park constitutes a public benefit entity as defined by FRS 102.
## **2.2 Income**
All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.3 Expenditure**
Missionary and charitable giving is accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
As described in the notes, payments to the Parish Support Fund (previously the diocesan parish share) are accounted for when due.
Governance costs are related to the general running of the charity as a legal entity and are not connected with generating income or charitable expenditure. They include the cost of engaging accountants to prepare the financial statements and to undertake the Independent Examination required by the Church Representation Rules and Charities Act.
Charitable activities and Governance costs are costs incurred on the church's operations, including support costs and costs relating to the governance of the church apportioned to charitable activities.
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## **ST LUKE'S CHURCH, WIMBLEDON PARK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **2.4 Tangible Fixed assets and depreciation**
Consecrated and benefice property is excluded from the financial statements in accordance with section 10(2)(c) of the Charities Act 2011. No value is put on moveable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of financial activities.
The freehold properties held by the church are subject to a continuous maintenance programme and their residual value is not considered to be significantly lower than their book value. As a result, depreciation and accumulated depreciation on those assets are considered to be immaterial. On this basis, no depreciation has been charged.
The property at 37 Lucien Road is recorded at cost being the amount paid to acquire the property plus amounts spent on capital works renovating the property on and after acquisition. The remaining properties are recorded at their fair value at the date that they were gifted to the Church.
Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.
## **2.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Current asset investments represent funds held by CCLA which accrue income on a quarterly basis.
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the PCC’s cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.
Page 5
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Accounting policies (continued)**
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at their settlement amount after allowing for any discounts due.
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2.10 Taxation**
As a registered charity, St Luke’s Church, Wimbledon Park is generally not liable to taxation on its net income or capital gains. It is not, however, exempt from value added tax. Irrecoverable value added tax is included in the cost of those items to which it relates.
## **2.11 Employee Benefits**
The PCC offers a defined contribution pension scheme to its employees consistent with the autoenrolment rules. A defined contribution plan is a post-employment benefit plan under which the PCC pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the statement of financial activities in the periods during which services are rendered by employees.
Page 6
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
69,670
Income tax recoverable
16,588
86,258
Donations
Listed Place of Worship grant
Income tax recoverable|**Restricted**
**funds**
**2025**
**£**
11,745
2,425
14,170
Unrestricted
funds
2024
£
66,219
7,701
11,769
85,689|**Total**
**funds**
**2025**
**£**
**81,415**
**19,013**|
|---|---|---|
|||**100,428**|
|||Total
funds
2024
£
66,219
7,701
11,769|
|||85,689|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2025**
**£**
Income from church hall
38,161
Income from church houses
106,540
Income from other church groups
995
145,696|**Total**
**funds**
**2025**
**£**
**38,161**
**106,540**
**995**|
|---|---|
||**145,696**|
Page 7
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **4. Income from charitable activities (continued)**
|Income from church hall
Income from church houses
Income from other church groups
Total 2024|Unrestricted
funds
2024
£
42,551
113,754
1,213
157,518|Total
funds
2024
£
42,551
113,754
1,213|
|---|---|---|
|||157,518|
## **5. Investment income**
|**Unrestricted**
**funds**
**2025**
**£**
Income from local listed investments
10,757
Unrestricted
funds
2024
£
Income from local listed investments
12,815|**Total**
**funds**
**2025**
**£**
**10,757**|
|---|---|
||Total
funds
2024
£
12,815|
Page 8
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2025**
**£**
Church activities
296,886
Unrestricted
funds
2024
£
Church activities
338,865|**Restricted**
**funds**
**2025**
**£**
14,170
Restricted
funds
2024
£
1,423|**Total**
**2025**
**£**
**311,056**|
|---|---|---|
|||Total
2024
£
340,288|
## **7. Analysis of expenditure by activities**
|Church activities
Church activities|**Activities**
**undertaken**
**directly**
**2025**
**£**
273,281
Activities
undertaken
directly
2024
£
243,648|**Grant**
**funding of**
**activities**
**2025**
**Support and**
**governance**
**costs**
**2025**
**£**
**£**
31,415
6,360
Grant
funding of
activities
2024
Support and
governance
costs
2024
£
£
92,778
3,862|**Total**
**funds**
**2025**
**£**
**311,056**|
|---|---|---|---|
||||Total
funds
2024
£
340,288|
Page 9
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Diocesan parish contribution
Church and church hall running expenses (excluding administrator costs)
Other clergy costs
Church houses running costs
Church maintenance and replacement costs
Church houses repairs and refurbishments
Church cleaning|**Total**
**funds**
**2025**
**£**
**46,648**
**89,300**
**43,414**
**1,041**
**6,967**
**49,874**
**26,767**
**9,270**
**273,281**|Total
funds
2024
£
45,207
63,000
38,156
219
7,710
75,678
5,374
8,304|
|---|---|---|
|||243,648|
## **Analysis of support costs**
|Other professional fees
Governance costs - Preparation and independent examination of financial
statements|**Total**
**funds**
**2025**
**£**
**1,591**
**4,769**
**6,360**|Total
funds
2024
£
-
3,862|
|---|---|---|
|||3,862|
Page 10
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **8. Analysis of grants**
|**Grants to**
**Institutions**
**2025**
**£**
Grants made by the PCC
31,415
Grants to
Institutions
2024
£
Grants made by the PCC
89,940
The Charity has made the following material grants to institutions during the year:
**Name of institution**
Holy Cross Church Sheffield
Crosslinks
St Patricks Bible College, Madagascar
London City Mission
Options Wimbledon Pregnancy Resource Centre
Gaines Christian Activity Centre
Leeds University Christian Union
St Mary's, Summerstown
Jews for Jesus
Trinity Church, Central London
All Saints Church, Wandsworth
Union Chapel North Wiltshire
Shepherds Church, West London
Open Doors
Other grants to institutions|**Grants to**
**Individuals**
**2025**
**£**
-
Grants to
Individuals
2024
£
2,838
**2025**
**£**
**7,577**
**-**
**4,120**
**5,977**
**1,900**
**-**
**-**
**-**
**750**
**-**
**-**
**-**
**6,500**
**4,551**
**31,375**
**40**
**31,415**|**Total**
**funds**
**2025**
**£**
**31,415**|
|---|---|---|
|||Total
funds
2024
£
92,778|
|||2024
£
6,840
6,840
7,990
3,640
3,800
6,840
300
7,500
3,640
3,250
37,500
1,800
-
-|
|||89,940
-|
||||
|||89,940|
Page 11
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **8. Analysis of grants (continued)**
The expenditure in this table includes both Mission giving by the PCC from general income and special appeals organised by the PCC, in particular the Christmas Collection.
## **9. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2025**
**£**
**43,172**
**3,476**
**46,648**|2024
£
41,620
3,587|
|---|---|---|
||||
|||45,207|
The average number of persons employed by the Charity during the year was as follows:
|**2025**|2024|
|---|---|
|**No.**|No.|
|**2**|2|
No employee received remuneration amounting to more than £60,000 in either year.
The vicar is not employed by the PCC. The diocese meets the cost of the vicar’s stipend and other employment costs, and provides and maintains the vicarage. The PCC and other PCCs in the diocese contribute to the cost of running the diocese.
Other than described in note 19, "related party transactions", no PCC member, acting in that capacity, receives any remuneration, fees or benefits in kind from St Luke’s Church, Wimbledon Park.
Page 12
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2025
Transfers between classes
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024|**Freehold**
**property**
**£**
**742,834**
**(130,000)**
**612,834**
**612,834**
742,834|
|---|---|
Freehold land and buildings historically was comprised of 2 church houses (containing six flats) at 3 and 5 Farquhar Road and 15 Strathmore Road, the house at 37 Lucien Road and the Church Halls.
In 2025, recognising that four of the flats have been earning commercial rents for the whole of the year, the PCC have recognised that these should now be treated as Investment properties and accordingly a transfer has been made to Investment properties of a value representing the cost incurred by the church when these properties were initially acquired. Further information regarding the treatment being applied to the Investment properties is given separately elsewhere in note 11 to the financial statements.
The properties that remain within Freehold property are held primarily to house church ministers and staff at no or substantially less than market rent or, through applicable covenants, to provide living accommodation to women of restricted means. The Church Halls are, from time to time, commercially rented out to third parties, but their primary purpose is for the church’s own use. None of these remaining properties therefore meet the definition of an investment property and, as a result, they are accounted for as tangible fixed assets as at 31 December 2025.
The Church Houses with flats are recorded at a total cost of £130,000 and the Church Halls recorded at £55,000. The Church House at 37 Lucien Road is recorded at a cost of £427,834.
Page 13
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **11. Investment properties**
|**Valuation**
Surplus on revaluation
Transfers between classes
At 31 December 2025|**Church flats**
**£**
**1,086,000**
**130,000**|
|---|---|
||**1,216,000**|
As described in note 10, during 2025 four flats have been transferred at cost from tangible fixed assets to investment properties, reflecting their usage throughout the year to generate rents at a market level. The SORP requires investment properties to be valued at their fair value, and accordingly with reference to market prices for equivalent properties in the local area and having adjusted for the fact that all of the properties are encumbered by tenancies, the PCC estimate the fair values of the four flats at 31 December 2025 to be £1,216,000.
## **12. Fixed asset investments**
|**Cost or valuation**
At 1 January 2025
Additions
Disposals
Revaluations
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024|**Listed**
**investments**
**£**
**185,551**
**749**
**(57,170)**
**(6,245)**|
|---|---|
||**122,885**|
||**122,885**|
||185,551|
The market value of the holdings in funds have been derived from quoted prices obtained from valuation summaries provided by the Diocese of Southwark, who are custodian trustee for these funds.
Page 14
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **13. Debtors**
|**Due within one year**
Tax recoverable
**Current asset investments**
CBF deposit accounts|**2025**
**£**
**5,595**
**2025**
**£**
**106,644**|2024
£
3,070|
|---|---|---|
|||2024
£
102,027|
## **14. Current asset investments**
## **15. Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**346**
**716**
**17,559**
**18,621**|2024
£
287
450
3,781|
|---|---|---|
||||
|||4,518|
Page 15
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted**
**funds**
General Funds
Mission Funds
**Restricted**
**funds**
Pastoral Fund
Passmore Fund
Other Small
Funds
Clarkson Fund
**Total of funds**|**Balance at 1**
**January**
**2025**
**£**
**1,049,180**
**6,000**
**1,055,180**
**706**
**1,836**
**7,570**
**33,850**
**43,962**
**1,099,142**|**Income**
**£**
**242,711**
**-**
**242,711**
**-**
**-**
**14,170**
**-**
**14,170**
**256,881**|**Expenditure**
**£**
**(279,076)**
**(17,810)**
**(296,886)**
**-**
**-**
**(14,170)**
**-**
**(14,170)**
**(311,056)**|**Transfers**
**in/out**
**£**
**(20,350)**
**20,350**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Gains/**
**(Losses)**
**£**
**1,079,755**
**-**
**1,079,755**
**-**
**-**
**-**
**-**
**-**
**1,079,755**|**Balance at**
**31**
**December**
**2025**
**£**
**2,072,220**
**8,540**|
|---|---|---|---|---|---|---|
|||||||**2,080,760**|
|||||||**706**
**1,836**
**7,570**
**33,850**|
|||||||**43,962**|
|||||||**2,124,722**|
The Mission Fund is not restricted and represents amounts that the PCC has allocated for use in supporting mission work outside of the Parish that have not yet been committed to specific projects or partners.
St Luke’s has a policy of tithing a % (currently 12.5%) of its income (taken to mean donations, gift aid reclaimed on donations, legacies when recognised as income, from the profit from hall lettings and church houses rents after management and maintenance expenses) for use in mission work outside of the Parish. It also periodically awards additional one-off grants to mission partners. The % tithe for mission grants is transferred to the unrestricted Mission Fund as income is received. Any additional amounts allocated for use as mission grants are transferred to the Mission Fund when the PCC agrees to set the funds aside. When grants are made, they are deducted from the Mission Fund.
The Pastoral Fund is to be used to assist members of the congregation in financial or other need and is for use at the discretion of the Vicar (following appropriate consultation with the wardens or curate).
The Passmore Fund (received by way of a legacy) is to be used for the upkeep of the Chapel.
The Clarkson Fund (received as a capital grant from the Trust established by Irene Clarkson) is for a project to enclose the side chapel.
Other smaller funds comprise monies received for specific purposes or temporarily held for forwarding to specific charities, including in 2025 the income and expenditure in relation to the 2025 Christmas Collection.
Page 16
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **17. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**January**
**2025**
**£**
**1,055,180**
**43,962**
**1,099,142**|**Income**
**£**
**242,711**
**14,170**
**256,881**|**Expenditure**
**£**
**(296,886)**
**(14,170)**
**(311,056)**|**Transfers**
**in/out**
**£**
**-**
**-**
**-**|**Gains/**
**(Losses)**
**£**
**1,079,755**
**-**
**1,079,755**|**Balance at**
**31**
**December**
**2025**
**£**
**2,080,760**
**43,962**|
|---|---|---|---|---|---|---|
|||||||**2,124,722**|
## **18. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
612,834
Fixed asset investments
122,885
Investment property
1,216,000
Current assets
160,133
Creditors due within one year
(31,092)
**Total**
2,080,760|**Restricted**
**funds**
**2025**
**£**
-
-
-
31,491
12,471
43,962|**Total**
**funds**
**2025**
**£**
**612,834**
**122,885**
**1,216,000**
**191,624**
**(18,621)**|
|---|---|---|
|||**2,124,722**|
## **19. Related party transactions**
Ruth Dwyer received a salary, rent-free accommodation, and pension contributions in accordance with her contract of employment as Women and Youth Worker.
The staff and some PCC members received reimbursement of the actual cost of purchases for the church, based on receipts.
PCC members made donations of £16,795 to St Luke’s during 2025 (2024 - £11,120) while members of the PCC. This includes only donations where the identity of the donor is known and does not include donations received anonymously via the Charities Aid Foundation, Christian Stewardship or through payroll giving.
Page 17
Docusign Envelope ID: 2137267B-BEE0-4A28-A19F-9449A571AE44
## **ST LUKE'S CHURCH, WIMBLEDON PARK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **20. Accounting estimates and judgements**
The PCC considers that the key judgements taken in preparing the financial statements relate to the treatment of church houses.
## Treatment of church houses
The PCC holds a number of flats and houses, some of which are used to accommodate members of the church staff and, in some cases, to provide subsidised accommodation in accordance with applicable covenants. As described in note 10, where this is the function of such properties they are held within tangible fixed assets. Where the properties are being used to generate a market rent the PCC have, with effect from 2025, reclassified the respective properties as Investment properties.
Page 18