aHortle,yFowlei' Digitally Signed Document Document ID: 32C7725ADEE4F9 Document Details Filename: CCDS 2025 aG¢s public.PDF Clieiit ul-: Hartley Fowler LLP Signature Details Name: Mark Doring marc.doring@bromfeldeconsulting.com Dale & Tlme: 2310312026 16..49..37 PM (GMT) IP Address: 89.242.131.210 Mark Doring confirnis that th¢ information is coThect and complete lo the besi of their knowledge V4nd belief. SignlnE Statement: John Maycock Einall: pcctrea5urcr@chri8tchurchdownstreet.org Date & Tlme: 2310312026 11.25=54 AM (GMT) I V .4dili'Ls5- 81.99.152.130 John Maycock confirnis Ihut the inforn]atioll 18 orrecl and complete to the best of their knowledgc and belief. Signlllg Statement:
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REGisfERED CHARrrY NUMBEIL. 1187524 REPORT OF THE TRusfEES AND FINANCIAL sfATEME14TS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESILSllCAL PARISH OF CHRisf CHURCH DOWN sTreEr Hafdey Fthvler LLP rtered AcEountsnts 4th FlTrN Tuitson House 27-37 st Georye's R( Wlmtrled Lcffldon SW19 4EIJ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF CHRisf CHURCH CONTENTS OF THE FINANCIAL sfATEMErirs FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report oltheTruAt I to 5 IndePt Examlnqrf• Report stst¢mant ol FlnJncl•l Adfvltl Balance Sh••t N(kn• to th• Flnandil Statements 9 to 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PAR15H OF CHRIsf CHURCH DOWN sfREEr REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 The tsu5tee5 present their report wth the finda1 statements of the tharlty ts the year end&1 31 DeCrtber 2025. The twstees have a(W t pY0MOnS of Accnng and Rewting by Charities.. Statement cl Recommended pra(fj applicable to charits preparing their accounts in accordan with the nanCIal Reportlng StarThJard appllcle In the UK and Republic of trebnd (FRS 102) (fve l January 2019). OBJECTIVES AND ACTIvrriES Objectlves and alms We are 8 f(x)tprint parish e51ablSthed by the Church of ErYJland Sn SepiemLEr 2019 reglstered with the Charity CoMmort on 23 January 2020. Our objectlve Is promoting Sn the e(delastkal parish the whde mlssion of the church. We alm to make known the gc>)J news of the Chrfstlan faSth in London and beyor. Slgnifleant •rtl¥ltles In 2025 the PCC met four tlmes (March. June, Septemter, DeMber) In the Church bulhjlng. Dlsthcffjs held In the PCC Include: I, Flnance updates,. the PCC dlscAtssed the warterly finan Ufllates kndudlThJ the apyoath and messaging. The PCC aLw 5p)ke ab(yJt questions that aro from the thurth famlty and different cLsIderationS for futu upjates 2. Buildln9 works.. there wa5 ygniflGint buildirYJ wc¥k completed in 2025, Thamdy repkidng the stage. Tr PCC habe dlsojssed and approved cngolng major wth5, IndudirYJ rang church dDJr5 and the Instalment of an accessltde trIL Other mlnor works were also tabled (l.e. replacements in the ttheI and aFvroved 3. Churth &ze'. the PCC read through a paper Yrtten by Tlmothy Keuer thèt covers how to best sefft a thurth as It change5 In $e. It was a helpfijl dlscussion I'n9 at the pOty.0n Chrtst Church Mayfalr (COI) Is ujrrentty In, ar whal nds to te consldered the fubJre grohth a1 Maintenan of churth 4. The Lords &rFper'. there was dSscusslon over two PCC meetings ab)ut the approath to The Lord's SLyFer. The fcrus was on the culture surroundlng It and the dght ottiiude toward5 it. The dL8cusslon wos robust and helpful, vjtth many shorgJ. InrAementsl charrfjes to The Lord's SuFFer WMI Start to bè acuoned from March 2026. In Jddltbn, the FCC Treasurer updatrd the Flnandal Control Pdky, whth the PCC revle*td and approved. This WUI be and updat& annually. The PCC are very thanklul to the SafeguardlThJ Oftku for the slgnincant wc¥k Ccmpleted over 2025 to ensure the saleguardirtg pollcles and tralnlng are In pla and up io d)te. The updated Safeguarding Action Plan, IndudirYJ varlous polkaes and prOdureS for the crCh and it5 ministries was updated and presented at Vari PCC meeUrg5 thrGwhcth the year wlth the PCC approvlryj the update5 and plans at eath polnt. ia5Uy, Ythwe relevan¢ there are ongc4ng dlsDAon wthin e PCC regardSng the Church of Englarrts urj In Love and Falth prokwls. The PCC discLtsS as ute5 are Ild frcm the Gera1 SyThyl throughout the year. Regardin9 Eeanery Syrth rerxesentatScrf), the Deaney Syn¢xa reps did not attend any In FeN)n meetlngs cwer the last year. Thls Ss an 0jj dSscussl)n pc4nt withln the FCC and dl5[$ wll be made n line with in Love a1 Faith outo)mes. Publlc benefit The thartys twstee5 complkd the dity in sethon 1715) of the 2011 Charlties k¢ to ha¥e due regard to guidance publlshed by the Charfty CommIlOn In rekuon to nefit when remewng our aim5 objectives, and In plannkng our future activlde5. FINANCIAL REVIEW RegeNes pollcy The PCC cend¥ has no signrficant Income other than diwdends from the 14Jllen Bequest whlch are restrIctl to bulld1 rdated expenditure. The charitsNe company Christ Churtt) ma1r has undertsken to cover the other costs of Chrlst Churth Down Street (CCDS) by means of a grant as the bulldlrg Is essential to fs ministry. If further liabilitie5 an¢J athities dk1P for CCDS, ill seek to wt In p7 gjffiaent reserves to o)ver ular expenditure at rxommend8J Charity Commlon levels. Finand•l position The Ststement of Finanoal PLdMties bs set t in thts rep( and Shows that the fund5 at the end of year were £469.997 (2024 £441,098). rIng the year the charity rewrted a surp$ of £2899(2D24 gjrplus of £3,056).
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF CHRI CHURCH DOWN sfREET REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2025 FINANCIAL REVIEW Instment policy and objectfves The Board of Trustee's pdlcy 15 to h)Id a prowO)n of funds not requId for immedkte op7tH)nal expen as lorKJ-terni Investments gjth funds are units inve&J in M&G Equities InVeStrt Fund for Charftles (Charifund) whose Investment p)1Scy ststes that at least 70% of this Fund Is Inved In equty xurtties and equity-related seCUreS of Compan acros5 any settars and market capltallsations, that are Incorporated, dLNniciled, 155ted or do Most of their business in the United Kir4Jd(Th. The Fund may also inve in other transferalle sbwritie5, including the S3reS of non-UK compani4 cash aTrJ near cash dlreth or a CollVe Snvestrnent schemes (induding funds managed by M&G). STRucfuRE, GOVERNANCE AND P4ANAGEMEKr Governlng document As part of t thurch of England, the charity is controlled by fv Parcrhial thurch Coundl Powets Measwe (1956) as ameTrJed and Church Representstion Rules that came into force 02 Jan 1957. Tre nhod and apwlntment of PCC members L£ set out In the Clwrch ReweSthtatlL Rules. All elrdlble churth attendees a encourag8J to reglster on the Electoral Roll aTrJ stsnd for elecuon to the PCC Re&Tultmert ano •ppolntment of n•w trurte A candldate be nomlnated by eliglble indlvkluals before the APCM meetkng. If the number of candldate5 matche5 the number of awdlkble seats, a vote tan be olled to deode whether eath candldate shwld be elected. If a vote Is held, all eliglbk par members can partKipate, but eath can only vote an for or agalnst eath ca11date, Tf the nLrnbu of canddates exceeds the numter of seats. an eledlon vlll te ld. Al ellglble parh members can vote, each han9 as many votes as there are seats to te filled, more than one vote per candlda. Vote5 Lan te cast ether by a show of hands or on a svJned paper if requeth. In case of a tle, the prkn9 offlcer wlll dedde outcome by dran9 lots, Qry•nlsbtlonal rtrncture The PCC ccnslsts of the Incumb( Churchwarden4 Treasurw. members of the Deanery Synoj ard member5 eted ty tho members of the congregation who are on the elecioral roll of the church. The Trustees meet at teJ fwr tlmes a year to e all a4xLts of the charftsbie companvs attles, irKluding finan. The Annual Parcrhfjal Church MeetSrYJ and knnual Meetlng of ParfSh1one (to e churthwardens) as requlrbl by the Church Representstbn Ruks part 9 trpJk Pla 2 April 2025 (within the perlod of l Jan . 31 May SFErlfled by the rules). Joanne Duckerlng acts as ex KC Sretary atte15 meetlngs. Meeungs a usually ch)Sred the lthcar, Matt Fuller. Phil All AsgxL*e Vbrar, al attends m1V4S. The prImY respxsltlllty of the PCC at the moment 15 the upkeep and gcKd order of the churth buikjlrg. To facmitate its wor the FCC CrateS through a number of commttee5, whth meet btheen fiJll meeUrrfJs ol the PCC. The 5tsndng Commlttee is requlred by law. It has the power to transact business of the KC ttheen meetitvjs to facitllate its subject to any dIrtIonS glven * the cou71. It is composed cf the Incumben¢ the Asg)oate Mhister, the Urchwarden Ihe Treasurer ar the Dlithr of Owations ar<J Develcyment. It met seven tlme5 during the year. Induct1¢ and trJlnlng of new trustees The management of the charity is the resPsIbIlity of the Trustee5 who are ele(tsJ at the Annual Parochial thurth Meeting which mialty tskes ate in Aprll. Having now been In existence for fNe years, the PCC is now In a TrJrfnal rotati( of rnber5 {orlglnal rneffkners ègreed to serve for 1, 2 3 year terrns to Introdu Some rVer each year, avoKJirYJ a sItUaOn Whe all stand drhyn at On). New trustees read and sKJn the HMRC Flt and Prr Persons Dlaration and the PCC Member Twstee EIKJbi ility Dedaration. TFW also Cnplete the Churth of Eroland Basic safeguard14 and Foundation mDJule5 onllne. They are also asked to the Church of EnglaTrJ dLxument,' Trusteeship. an intrOJuthc for PCC members.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF CHR CHURCH DOWN sfREEr REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCtURE, GOVERNANCE AND MANAGEMENT Related partle$ The thurth is used by the Chrlst Church Mayfalr ICCM) charitae company for SLmday and other Chrfstlan Ktmyes and In the 2025 andl year covered the Costs of the ministy. The Cirectors and &der5 of CCM have uTh1ert3ken to continue to cover relevant Ce6ts. The Pullen Bequest (charity number 274893) is a legaLV whith may On be spert on the falTh of Chrfst thurch D(Mn StreeL The PCC has Ctrol ¢)ver the use of thts bequest and its memtes are Tnjstees. Rljk managemont An Insuran PK)Ilcy Is In Fdao to cover majcrf rl&ks ideniffied by the trustees in regards io the church bubldlng. Mlnlsty atheS are covered ty the rlsk register of Christ Church Mayfair whSch carries ts own inwrance and cmducts Its own assessments. Christ Churth Mayfair is a150 the current emptoyer of the rnarIty of church staff. A qUinqnn1al Inspedon of the church lIdIng is carf&J Gt at the Church of England¥ behest vthlch Idenfie5 WIntenan and upkeep that b needed. REFERENCE AND ADMINIsfi4ATIVE DEfAIIS Reglrttted Ch•rity number 1187524 Prfndpal addre The Church Offi Christ thurch Dw Street Maall Lon¢Jon WIJ 7AN Incumbent* & Chlr Rev(1 Matt Fuller (Senbr Mlnhter) Cloryv" Revd Phil lCoCk {AsscKh?te Mlnisierl Sam Stephenson (Stsjdent Mlnlster) Churchwarf• Carrle Dow Irtrelecied 2025) Jalon Qulnn (detted 2025) PCC S¢(Tets Joanne tjjckering Elothd membern of the PCC ex Lucas (ected 2023) Kety Henry (elect&J 2023. also Ekctoral Role offir) Anna Goodden (elected 2024. also cn Deanery Sywj) Dave Ire-deLtrd 2Q24) zzie HaMhIre (elected 2024) CamilL3 WcK)Ilatt (re-elected 2025) Beth Peat (elected 20251 Emity Short (reerted 2025) Jesslca Yu {rect& 20251 John Maycoth IrtreLeLted 2025; TreaSUr. also on Deanery SyTh)dl Marc 0Ing {dected 2025,. al1 on Dearery $Yd) Rebecca Yap [re-elted 2025) Su Klt {re-elected 2025) Torn tckering (red&bJ 2025; also on Deanery Syrnd)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF CHRIsf CHURCH DOWN STREEr REpoirr OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Becca Symes (resigned WS12O25) Sarah Mason {resigned September 2025) Deanery Synod Repreaentative•' izée Wehbe {dected 2023) Jonathan Lange (elected 2023) Feml Kalejaiye (elected 2025) Munzw Wehbe leted 2025) AddltloMI n(bn.votlnq members Hugh Gittins {Dlrector of CCM) Roxana Stanclu (Director of OFeratk)ns & Devekjpmentl * The IuMtEnt and aeryy are Induded atove by rtue of thelr and are votln9 membw5 of the FCC Churthwardens are elected annually at the APCM and are votlng memters of the PCC. The PCC SeLTetsry is apInte<l by the PCC at the flr5t meeung after the Nnnual Parthlal Churd) Meetlng (APCM) and a M.ng rnter of the Pfc. Deanery Synod Representatfves automabcalty become r4)n-dected memters of the PCC for the perlcKI of thelr tenure are vodng members of the PCC. Independ•rt Examln Harttey Fowler LLP Chartered AcCoUnts 4th Flocy Tuithjn HJJse 27-37 St Geffje's Road Wlmt4edon London SW19 4EU nker• CAF Bank Ltd 25 KlrKJs HMI Avenue ngs Hill, West Malling¢ ME19 4JQ STATEMENT OF TRUSTEES, RESPONS181LITIES The tru&5 a re5pongble fL¥ preparing the Reptrt of Trustees and the finanaal Ststernts Sn acrordar£e vlth applitab law Unit8J KlrKJ(hJm kcJJntlng Stsndards (United Generally Accepted Accc4Jnting Practice). ty law requi$ trustees to prepare finarli1 ststements for each nnarKlal year. UTrJer that law, trustees have derted to prepare the finandal statements in ac£cdan wf(h Unlted ng(bM Generally Apied Accwntlng Practi (United ngdoM ACcnting Standards and applicable law). Under charity kw the trust5 must not aFprove the finala1 Statements unless they are sat15 that glve a true falr view of the state of affairs of the tharity and of the Incwir¥J resources and application of resource5, ifKluding the irKome and expendliure, of the charlty for that Peri. In preparlTVJ th05e finan¢ial siatements, tr trusiees are requlred to select suitable acrwnting pc4iaes and then apF4y them ccffjsistentty; clJ5erve the method5 and princlples In the Charitse5 SORP,. make Ju&yemts and e51imates that are rea9ThL4e and wu¢Jent,' prepare the finanaal 51atsments w the gLyng CoeM basi5 unless InapprOate to prne that the tharfty will cmtinue in business.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIsf CHURCH DOWN sfREEr REPOFrr OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 ATEMEKf OF TRusfEES' RESPONSIBILITIES- condnued The trustee5 a Te5pyslble for keen9 propw accounting rrdS whlch dthe with reasonable acDJracy at any Vme the finaal FYJ5iticffl of the charfty and to enable to en5UTe that the financial statements compty wlth the Charftles kt 2011, The Charlty (Accwnts and Reports) Reguiaticffls 2)8 and the prow5)r of the charity's constituikjn. They are aL50 rwgtle fcf fegUardirKj the assets of the ctsrfty and heno for thng reasonable step5 for wevention and detèthon of fraud and other irregularities. Apwov&J by order of the i))ard of trustees on 23 Marth 2026 and *Jned cfi ts behalf by: M D¢x1rvJ- Tru#ee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEsIAsfIcAL PARISH OF CHRIsf CHURCH DOWN sfREET Indepdent examlnw'$ report to the trustees of The PJnKhlal Churth Coyndl rf the Ecdeslastlc•l Parish of Chrlst Church Down Street I report to the charity trustees cm my examinatJn of the actourts of The Parthial Churth COU11 of the Ecde5laCal Parish of Christ crth Down Stre& (the Trust) fci the year ended 31 De£emtw 2025. R¢4nsIbIlI1leS and basls of report As the charity trustees of the Trust you we res[Ible for the preparaOn of the accounts In aLr0rdae wlth requlrements of the Charitses Att 2011 (the A(f). [ report in resrett of my examlnation of the Twst'5 COUnts carrled under Secdot) 145 of the Att and kn carrylng out my examlnation I have all apF4icable Direcuons gfven by the Charity Comm1551Lm Und Secton 145(5)Ib) of the fv Independent examlnqe• thtsment I have completed my examlnabon. I confirni that no material matters have to my attentlon In CneCtn wth the examinayon giwng me cause to belleve that in arry rnaterial resFeLt'. aCcntIng recryds vre not kept In re5Fect cl the Trust as requlr&J by Sectlon 130 of the kt; or the accounts do not accord with thc6e tecords; or the accounts do Th)t CLI))p wlth the appliCae requirements cOnrn1r¥j the form and content of accounts set out In the Charides (Acccmjnts and ReFortsl Regulatkjns 2008 other than any requlrement that the accounts gNe a true and falr vlew vjhlch Ls not a mattu CsIdered a5 part of an IndeperKlent examlnatpjn. I have ccfflcuns and have come across otttw matter5 In connectlon wlth the eXamInaOn to lch attenuon 5hwld be drawn In thls rep¢xt In order to enabk a propff understanding Df the actounts to k read*d. Jonat Harty FoWr LLP Chartered AcCntants 4th Floor Tu10n Hc 27-37 5t George's Road Wimbled London SW19 4EU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEsIAsfIcAL PAIUSH OF CHRIST CHURCH DOWN sfREET STATEMENT OF FINANCIAL ACnVrnES FOR THE YEAR ENDED 31 DECEMBEIi 2025 2025 Totsl fvnds 2024 Total funds fu$ INCOME AND ENDOWMErirs FROM Donotions ard legacles 48,510 1,450 49,960 59,475 Charftabie actlviilEs Churth actywtles 3,018 3,018 2,472 Investment income 129 2412 24.941 Total 51,657 26,262 77,919 85,726 EXPENDrnIRE ON Charitable actlvllle Churth artMtle5 8,625 73,6F•5 82,291 ¢Jh 31,000 31,000 32,029 Totsl 39,625 73,666 113291 92,492 NEf TNCOMEI(EXPENDmiRE) Other recoqnlmd galn•l(IiJue•) Galrs on revaluation of Ilxed assets 12.032 (47,404) (35,372) {6,766) 64,271 64,271 9,822 Net movement In fund• 12.032 16,867 28,899 3,056 RECONCIUATION OF FUNDS Totsl funds brought forward (1,102) 442,200 441,098 438,042 TOTAL FUNDS cAReD FORWARD 10,930 459,067 469,997 441.098 The note5 fcfm pari theSe financ&al statew*nts
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF CHRIST CHURCH DOWN sfREEr BALANCE SHEEr 31 DECEMBER 2025 2025 Total fvnds 2024 Totsl funds restrlcted Re5trkted fund funds FIXED ASSETS Tangible a55ets Investments io li 19,40S 19,405 350064 350.864 386,593 19,405 350,864 370,269 386,593 CURRENT SSErs DebtOT5 Cash at bank 12 I.000 8,203 loo,000 31,065 22,862 76,561 22062 ICQ,203 131065 76,561 CREDrroAS Amtsjnts falllrvj due wthln one year 13 {31,337) I3137) (22,056) NEf CURRENT ASSETS {8,475) 108,203 99,728 54,505 TOTAL ASSEfs LESS CURRENT LIABIUTIES 10,930 459,LI57 469,997 441.098 NEf ASSETS 10,930 459,067 469.997 441,098 FUNDS Unre4thcted funds Restricted fuTrts 14 10,930 459,067 (1,102) 442,200 TOTAL NJNDS 469,937 441.098 The flnancL41 statttrtents were apPrd by the P•Jard of Trustees and authorfsed for LwJe 23 Mah 2026 ar wwe slJn&l on Its behalf bv: J Maycc<k- Trustee The nces fcrn part of these finarKial 5taterrErts
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIA%fIcAL PARISH OF CHRIST CHURCH DOWN sfREEr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 GENERAL INFORMATION The charty Is a UK-based Charftale trust The adjress of Its regL£tered offio is Ttr thurth Offi4 Christ Church. Down Stree¢ Mayfair, Lon¢kn, WIJ 7AN. The registered numter of the charity ts 1187524. The fin8ndal InfcrmatKJn presented Is for the FerDJ end&1 31 Drnber 2025. The finanaal infom)otion is preSted In stermng, ACCOUNTING POLICIES Bas1• af prnparfng thelln•nd•l statements These financlal statements have been pPared in accordan the tharits SORP IFRS 102) Accountlng and Reportlng by Charities: Statement of R0MMended Prath aFolScable to tharleS kYeF4irlng thelr accounts In ccordance wlth the Fiwdal Reffjng Standard aFplKable In the UK and Republlc of Irdand {FRS 102) (effethve I January 2019), the Finandal Reportkng Standard aFplicable In the UK and Repubiic of Irekind IFRS 1021 and the Charide5 Act 2011. These falK1a1 ststements have been prepared to gfve a Irue and vkw ha (kparted frryn the Charfts (AccoLnts and Repjrts) Regulatlons 2008 orly to the extent rured to prowde a 'true and fair, Tew. This departure has Invofved fdltiw¢ng the Charides SORP IFRS 1021 (s(d edityon) publlshed In Ottoter 2019 rather than the ACCntIng and Reporting by chadeS., Statement of RCthmened Practke eff&tlve from l AF(512C¥]5 whth has nce been thdravm. The alIty rneets the definition of a public benefit enllty Urer FRS 102. Assets and Ilablllde5 are 1n1t1al reccgnlsej at historkal cost or transa¢lltm wdlue urless otheThse ststed In the relevant acctsJnJng licY. Income All income Is renL591 in the Statement cl FlnJ)dal Actmtles an the charfty has enuilement to the funds, It 15 probable that the Income wlll be recelved and the arnftt con be mea5ur8J rellably. Investment Incoff comwke5 dIdendS re frcffl the M&G CFwrifiJTrd hddlng In ftsed asset knVe5tnts, Grants a rLwJnLseJ %theTe the charfty has entmefit to the funds. any perfOrnn condOnS attathej to the grants have me¢ Is probable Inc(yne wlll t recov&J and amount can be rellably measured. acies are on the earlier of the ¥then arnounts are recefved Wh the tharlty has been nouflèj of the eXe0S Intentlon to make a dtstrtbuuon. tntrt rVed Is accounted for recdvable. Expendliure Liabilitles are rwnlsed eXpIbjre as scon as thwe bs a kgèl or corstruth ¢Igation wmmitvng the charlty to trt exnbJYe, it s probable that a transfer of eccnomK benefits will be required in setuement aThl the amount of the obligation can be measured reliabty. Expelture 15 COunted for on an attruals basis aThJ has been da55ified und headlros ttwt aggregate all o)st ted to the catejry. wre costs canMt be IJiTertly attr1ed tr> partKular headin95 they have teen allsxated to actfvltjes on a bass cOrlStert wlth the use of resources. Charitable actmtlej Charitsble eyndittjre comprfses those costs Irurral by the charity In the delhuy of ts artfvltles ar 5ervice5 for its beneficlarfEs. It iludeS t)th direct costs and those costs of an indir&t naiure reSsary to them. G)varance cc6ts cnly Indude the charftys indeFdent examinati f&. Tanylble flxed Oepreoatic is provided at the flOw9 annual rates in ordw to te off each a5sÉ w Its estimd usefijl Ilfe. Plant and machlr Fixbjres and frttings 2N on wsi 20% on cost
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARTSH OF CHRIST CHURCH DOWN sfREEr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOU14TING POLICIES- contlnued Taxatlon The (harity15 exempt from tax on its tharitable aCifve% Fund accountlng Unrestrlrted funds can be In a(Mrdan with the tharthe objeLt1 at the discretbn the trustees. Restrfcted fvnds on only LE used for partular restricted pUOse$ wthin the objects of the charlty. Re&rthins arlse vthen SFecified by the donor v vthen fvnds are raLsed for partiular re5triLted pxJrp)se5. Further exaOn of the nare and wrpose of each fund Is indle In the T5 to the financkl slatsments. FIKed asset Invejtments xed asset Investments are unlts held In M&G EqLdtles Investmert Fund for Charities (Charifund). The fhxed asset Investments are induded Sn the ststement of finanaal ryJsition at their falr value, Falr volue Is dned a5 quoted prf5 In ctlve mark&s ts identical assets or lIalitIeS. Galns losse5 on investments assets held at the year eTrJ are unreali5ed ard are shown as other galrsllosses In the ststement of nandal Artmties. Caih at bJnk Cash at bank Indu(les bank dePOt accounts and sts)rt tem hlgNy liquld investments wth a short matudty of th months or less from the date of acqulsltion or openln9 of deposlt ry 4Mlr xcourt. DelknrJ Trade and other debtors are rttognlseLI at s&Uement anlwnt due, Prepawna)ts are renISed at the InVced co prepalii. Credrttrs are reccgn&ed when the charity has a present obligation resultlrwj from a past events thbt wlll probab result In the transfer of fund5 to a third party and the amount due to 5etde the obllgatqon can be meared or eMated reliably. Credltws a normal recognlse(i èt fv settlement amnt. Imp*lmi•nt Assets not measured at falr value are reWed for any Indlcatlon tPwt the aet may be impalred at each balance theet date. If IndIcaon exlsts, rttoverabk amwnt of the asseL or the assei'5 cash gweradro unlt, 15 estimated and compared to the carrying amount. Where the ryIng amount exce6Js ts recoverable arnwnl an impalrment k9 Lq recognlwl kn profit or loss u)less the awt is carried at a revalued amount where the Impalment loss is a revaluatlon decrease. INVESfmE INCOME 2025 2024 InVestrnt incorne Irstwe5t reolVate- trading 24,812 129 23.630 149 24,941 23,779 investnt ncome comprises dlvidends r£reNed from M&G Owlfvnd holding In fixed asset iwestments. -10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIsf CHURCH DOWN sfREEr NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 CHARrrABLE AcfivmES COSTS Support {see Jte 6) Costs (see nrte 5) TotaLs Church athtles 72,130 10,161 82,291 DIRE Costs OF CHARTfABLE ACTivrrIES 2025 2024 9ht and heat Sunddes Tntemet Repair5 and renewals Cleaning Caterkng and deaning jleS Depredation 6.260 360 7,639 3,682 28.535 5.199 6,206 53,456 4,529 2,375 1,342 72,130 51.261 SUPPORT cosrs Governan Management nan Tota15 Other resources eKpended Cthurch aLeS 31,0 6,018 31,OCIJ 10,161 527 3,616 37,OIB 527 3,616 41.161 &)vernontr costs Induded vlthln support knclude.. 2025 2024 Ilendent ex7mlnee5 fee (excludlng VAT) IndeF*ndert examlnevs fee for ncfi-i1epentht exam yrk 950 1.148 2,148 2,040 TRusfEES' REMUNERATION AND BENEFITS There were no tru5, ranuneratlon cr ¢Jher beneffts for the year eThJed 31 Dthnber 2025 nor for the year a)ded 31 emter 2024. Thwe ye no trukn. expenses pakl fcf the year 8w1ed 31 D&ember 2025 nor for the year tr&led 31 December 2024.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIST CHURCH DOWN sfREEr N(yfES TO THE FINANCtAL sfATEMEPWS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 srAFF COSTS Th£Ye were no staff co#5 In the peiiod. COMPARATIIfftS FOR THE ATEMENT OF FIfiANCIAL ACTIVITIES UnrestrfLtrd fund Re5trKted funds Totsl fvnds INCOMf AND ENDOWMENTS FROM Donatlons ae$ 59,475 59.475 ChJrltsble actlvltle• Church activit 2,472 2,472 Investmt IrCe 149 23,630 23,779 Totsl 62.096 23,630 85,726 EXPENDITURE ON Ch•rltsble actlvStl Church atIeS 31,881 28,582 60,463 other 32,029 32,029 Total 63,910 28,582 92,492 INCOMEI(EXPENDrnIRE) Other rwnlsed galnsl(1058e•) Galns w revaluatie of fixed assets (1,814) 14,952) {6,766) 9,822 9,822 N¢t moNYnent In fund• (1,814) 4,870 3,056 RECONCILIATION OF FUNDS Total fvrS ght foNard 712 437,330 438,042 TOTAL FUNDS CARRIED FORWARD {1,102) 442,200 441,098 figure5 preswted In th15 note represent the statennt of Nrwaal kdvltles ts the prior financkil year, endej 31 December 2024. and are provlded for comparative purpws onty. -12-
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIAsfIcAL PARISH OF CHRIsf CHURCH
DOWN STREET
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2025
TANGIBLE FIXED ASSErs
fiXre5
and
fittings
Pknt and
mathln
Tc&15
dltlons
13,309
7,438
20,747
DEPRECIATION
Charge for year
1,138
204
1,342
r4ET BOOK VALUE
At 31 December 2025
11171
19.405
At 31 Decembtr 2024
IrKJl¥Adual Item5 or prolett-rdated har(Iware e1r £i,ofAI are capltallsed at cost. Al other expendlbjre on r
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN StREEr NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 12. DEBTOR&" AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 ProL*eds from sak of investments due 100,000 13. CREDrroRS: AMOIINTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other credltors 31,337 22.056 MOVEME1 IN FUNDS rTb)vement In fun(ts At 31112125 At 111125 Unrestrlcted fund• General fund (1,102) 12,032 10,930 Rejtrlcted fvnd• Pulkn Eequest 442,200 16,867 459.067 TOTAL FUNDS 441,098 28,899 469,997 Net mova))ent kn fund4 Indudèj In the ab(Ne are as fdlcths,. Incomlng Resources e%Fended Gabns and In funds Unrestrfcted fvn General fund 51,657 (39,625) 12,032 Re•trfct•d fvnd• Pulten Bequest LPW kheme- Bulldlng Fabrfc Grant 24,812 1,450 {72,2161 11,450) 64.271 16.867 26.Z62 {73,666) 64,271 16,667 TOTAL FUNDS 77,919 (113,291) 64.271 28.899 -i+
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN sfREEr NOTES TO THE FINANCIAL STATEMErirs - contlnued FOR THE YEAR ENDED 310E(EMBER 2025 MOVEMEiif IN RIND5- contlnued Cornparatlve5 for mov•ment In fufftds Net moVeMt in funds At 111124 31112124 Unrutrfctsd funds General fund 712 (1,814) (1,102) Restrlrted fvnd# Pullen Bequest 437,330 4,870 H2,200 TOTAL FUNDS 438,042 3,056 441,098 Ccfflparative net movement in funds, Indud8J In the atre are as folknv45'. Incoming Tesources Resource5 exFended Gains and 105ses l•Savement In funds Unrejtrfrted fvnd• General fund (63,910) 11.814) Rertrfcted fund• Pullen Bequest 23,630 128,582) 9,822 TOTAL FUNDS 85.726 (92,492) 9,822 3,056 Re•trfrted Fynd• Pulkn Bequest . ThLq restrfLtèJ fvTMI represents a legacy rtteNed to use the fatyk and nkl1ntenan of the clwJrth Jlldin9. LPW Stheme- &Jlldlng Fabrlc Grant Th65 fund reprnts a grant recew from the Usted pla of Wcrthlp (LPWI Grant Scheme (aLtrnlnlstered by tKMS). The grant is a contribJtkn iryNards the irr&overaUe VAT costs KUrred by the p ffl ellglble repalrs and maintsnarKe to the fabrK of the church buildlng. As the PCC Ls not VAT-Wi5tered, all related expenthture Is recorded in the Slatent cl Flnandal Incltthe or VAT. The grant incoTne receNed durirKJ the year has been fi)Ily uVUsed to cffset these yafic VAT aj¥ re5uIUThJ in a nil baLarKe at the year*nd. -15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRisf CHURCH DOWN STREEr NiyfES TO THE FINANaAL sfATEMEts- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 RELATED PARTY DISCLOSURES There were Tr) relataj party transXtlO fy the year end&l 31 DembEr 2025.