THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY WITH ST EDWARD AND ST LUKE LEYTON
Charity Registration No. 1208111
Annual Report and Accounts 31 December 2025
1
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton REPORT OF THE PAROCHIAL CHURCH COUNCIL CONTENTS**
||**Page**|
|---|---|
|**Legal and administrative information**|**3**|
|**Report of the Parochial Church Council**|**4**|
|**Independent Examiner's report to the Parochial Church Council**|**8**|
|**Statement of financial activities**|**9**|
|**Balance sheet**|**10**|
|**Notes to the financial statements**|**11**|
2
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025**
**Charity Name** Leyton Parochial Church Council. The Parish of Leyton is part of the Diocese of Chelmsford within the Church of England. **Charity Registration** The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke Leyton was registered as a charity May 2024, charity no. 1208111 **Principal Address** 35 Church Road, Leyton E10 5JP. **Governing Document** Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules. **Objectives** The PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.
**Members of the PCC who served in the year**
**Clergy Elected members** Revd Al Gordon - Incumbent Bola Awoniyi Revd Steve Opie - Parish Vicar and PCC Chair Rosette Ayebazibwe (until May 2025) Emily Beagley (from May 2025) John Bennett **Lay Pastor** Tom Bettinson (until September 2025) Colette Dorgu Danial Hilson (from May 2025) Simon Kirkland **Church Wardens** Karen Maughn-Smith (until May 2025) Elo Abugo Oliver Mills (until May 2025) Andy Mathews - PCC Secretary Lauretta Morris Lydia Nickalls Gennine Okello – Treasurer **Deanery Synod Representative** Debbie Turner Iona Phipps Yvonne Turner **Safeguarding officer** Emily Beagley **Bankers** CAF Bank, 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ. **Independent Examiner** John Helm ACA, Tandem Accounting Limited, 17 Heathville Road, London, N19 3AL. **Quinquennial Inspector** Sibyl Thomas, Kay Pilsbury Thomas Architects, Honeylands, Radwinter, Saffron Walden, CB10 2TJ.
3
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
**REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025**
Leyton Parish Council (the “PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2025. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.
## **1. Structure, Governance and Management**
## 1.1 Objectives and activities
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Mary’s. Our vision is simple – Hope for the People of East London in Jesus’ name. The PCC oversees the use of our spaces and resources in pursuit of that vision, and in leading by example our culture of HOPE: Honour, Openness, Proximity, and Empowerment. Our faith is put into practice through our care for the vulnerable through the ministry of Lighthouse; care for creation through tending the Garden; and care for community through the use of our spaces. The PCC is also responsible for the maintenance of the Parish Hall on Lindley Road.
## 1.2 SAINT
St. Mary’s belongs to a collaboration of five parishes across East London where the Revd Al Gordon is the incumbent. The concept of SAINT is for those parishes to deliver ministry with a collaborative approach to content, excellence and outreach objectives. Each parish is encouraged to serve the needs of their local context, whilst also displaying the SAINT logo, so that people moving around East London know that the parishes operate with similar standards and values.
## 1.3 Responsibilities of the PCC
The Parochial Church Council (PCC) has the responsibility, together with the Incumbent and Parish Vicar, of promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical; maintenance, care and upkeep of the church and churchyard; financial responsibilities and duties as Charity Trustees. As a Church of England Parish, the PCC and Clergy follow the requirements of Church of England Canon Law.
The PCC consists of Clergy, Churchwardens, Diocesan Synod Representatives and Deanery Synod Representatives as exofficio members and elected lay representatives from the congregation. PCC members are elected at the APCM, having been nominated by people entitled to attend the annual meeting.
At each full meeting, the PCC received reports on Finance, Fabric, Deanery Synod, Safeguarding and other items as applicable.
## 1.4 Staffing and Leadership
The management of the church is overseen by the PCC and delegated to the incumbent, Revd Al Gordon. During 2025, the church clergy team also included the Parish Vicar, Revd Steve Opie, and Parish Curate, Revd Farida Pashi, whose role has been to look after the internal ministries and community outreaches of the church. St Mary’s has only one direct employee: clergy are provided by the diocese, and other staff members are employed directly by SAINT. In 2025 Jamie, a second-year ordinand, continued on placement as part of his training at St Mellitus College.
There are a number of other people who make up a significant part of our wider leadership team doing phenomenal work in a voluntary capacity to whom we also give our special thanks.
## 1.5 Public Benefit
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. Public benefit arises principally in the Parish of Leyton and further afield, by the provision of Public Worship Services, Worship space and charitable events, open to all, as an expression of the Christian faith.
## 1.6 Safeguarding
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC has in place a Safeguarding Policy which is reviewed each year and appointed Safeguarding Officers and Children’s Champions. The Policy is displayed in the church and available from the Parish Office.
## 1.7 Quinquennial Inspections
The church building is generally in good repair, with the latest Quinquennial Reports, from 2021, highlighting a few items that required immediate attention. These have all subsequently been addressed. The next Inspection is due in 2026.
4
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
**REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Achievements and Performance**
During 2025, our regular Sunday services were a Holy Communion service at 10.00am and an informal family service at 11.00am. We held one joint service for both our congregations at 10.30am on Easter Sunday, Christmas Day and the Sunday following, and throughout August. We also held special services for Ash Wednesday, Maundy Thursday, Good Friday, and Christmas Eve at various times, as well as two special Carols by Candlelight service at 4.00pm and 6.00pm. The average Sunday attendance at the Church in 2025 was 133 (2024: 126). We are grateful to all who serve week-in, week-out to make Sundays such a success - that includes the staff team and volunteer crews who are so faithful in turning up early, setting up and packing down. There were 147 names on the Electoral Roll at the end of the revision process in 2025 (2024: 146). In 2025 there were four baptisms and three funerals officiated within the parish church.
Our baby and toddler group, Hey Baby, has continued to meet on Monday mornings during term time in the church with the purpose of forming a community in a safe place. It has continued to grow, each week we see around 90 children, all under the age of four, attending with their parent, guardian or carer. The feedback has been positive and we regularly welcome new families who have heard about the sessions by word of mouth. Some families have also gone on to join us for Sunday services.
During 2025 our Kids ministry on Sundays has continued to grow. During our 11am Family service, we provide a Hey Baby room for parents with 0-2s who need a private or quieter space and two volunteer-led groups: Kids 1 for 2-6s and Kids 2 for 7-11s. The average Sunday attendance at the Church in 2025 for under 18s was 27.
We ran the Alpha course twice in 2025. Alpha has been instrumental in growing the church, with a significant number of those attending starting to attend church on a Sunday, volunteering on one of our crews or joining a connect group where they continue to study scripture and form community. Alpha continues to be a key area of focus going forward.
Lighthouse is our outreach ministry working with vulnerable and marginalised people, helping to alleviate need through community lunches and distributing donated items of food, clothing and hygiene products. We focus on building lasting relationships with our guests, providing practical assistance, restoring dignity and guiding individuals toward relevant services so they can build a future filled with hope.
## **3. Financial Review**
## 3.1 Financial Activity and Financial Position
The principal source of funding is from the congregation members and other supporters in the form of regular donations and collections, standing orders and direct debits. In 2025 the PCC also received lettings income from hiring out the Parish Hall.
The Statement of Financial Activities and Balance Sheet can be found on pages 9 and 10, respectively. The Church’s unrestricted reserves decreased by £55,425 during the year. The balance sheet shows total net assets of £929,689 (2024: £976,800).
The total income received in 2025 was £181,297 (2024: £167,273) with a total expenditure of £227,245 (2024: £208,082). All expenditure was in support of the key objectives. It is analysed into different church activities in the financial statements. Most of the spending meets more than one of the key objectives.
## 3.2 Investment Policy
The church currently holds property, cash and shares as investments. Where assets are required for cashflow purposes they are invested to generate income to fund future parish needs.
## 3.3 Fabric and Facilities
St Mary’s, Leyton church building is in generally good repair, with the latest Quinquennial Report, dated August 2021, highlighting few items that need immediate attention.
## 3.4 Grants Policy
The task of deciding how to distribute grants is done by the Incumbent and PCC with reference to the Treasurer. Grants are awarded to organisations, church members and community members based on an evaluation of each case. All giving follows St. Mary’s mission policy of the promotion of the Christian gospel in proclamation and social action throughout the world.
5
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025**
## 3.5 Reserves Policy
The PCC has examined the requirements for free reserves which are those unrestricted funds not invested in tangible fixed assets. PCC policy is to not deliberately build up reserves. Any reserves that may exist result from accumulated giving at any one time. Total free reserves at 31 December 2025 amounted to £311,755 (2024: £372,330).
|**Total reserves**
Less: restricted and endowment funds
Less: Tangible Fixed Assets
Less: Fixed Asset Investments
**Free reserves**
**Free reserves requirement:**
3 month’s budgeted expenditure|**2025**|**2024**
**£**
**976,800**
(76,143)
(4,767)
(523,560)|
|---|---|---|
||**£**||
||||
||**929,689**||
||(85,480)||
||(10,045)||
||(464,409)||
||||
|||**372,330**|
||**311,755**||
||||
|||55,000|
||||
||58,000||
||||
## 3.6 Risk assessment and mitigation
The risks which the organisation faces have been considered, and measures will be implemented to ensure that appropriate systems, policies and procedures are in place to manage and mitigate the risks. Specifically, where there is financial risk, this is managed by strong financial systems and controls. These risks, including health and safety and employment, are being mitigated through modern management systems and practices. As a matter of general policy, independent professional advice is taken where appropriate.
## **4. Plans for Future Periods**
The short- and medium-term plan is to continue with the same objectives and activities in support of them.
## **5. Responsibilities of Trustees for the Financial Statements**
The PCC is 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 PCC 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 those financial statements, the PCC is required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.
The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables 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 PCC is 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. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.
6
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. Approval**
The report of the PCC and Deanery Synod was approved by the PCC on 27 May 2026 and signed on its behalf by:
## **Revd Al Gordon**
**Rector**
7
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **Independent Examiner’s Report to the Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
I report on the accounts of the Parochial Church Council of St Mary with St Edward and St Luke, Leyton for the year ended 31 December 2025, which are set out on pages 9-18.
## _**Respective responsibilities of PCC and examiner**_
The PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. The charity’s gross income exceeds £25,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiners’ report**_
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## _**Independent examiners’ statement**_
I have completed my examination. I confirm that no material 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 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.
## **John Helm ACA**
Date: 27 May 2026
8
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Note**
**INCOME FROM:**
Voluntary income
2(a)
Charitable Activities
2(b)
Investment Income
2(c)
Other Income
2(d)
**TOTAL INCOME**
**EXPENDITURE ON:**
Cost of Raising Funds
3(a)
Charitable Activities
3(b)
Governance Costs
3(c)
**TOTAL EXPENDITURE**
**NET (EXPENDITURE)/ INCOME**
Gains / (Losses) on
Investment assets
7
**NET MOVEMENT IN FUNDS**
**Total funds brought forward**
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL**
**FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL**
**FUNDS**
**2025**
**2025**
**2025**
**2025**
**2024**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
134,605
10,500
-
145,105
127,358
7,300
-
134,658
1,224
-
-
1,224
1,955
-
-
1,955
34,968
-
-
34,968
30,317
-
-
30,317
-
-
-
-
343
-
-
343|
|---|---|
||**170,797**
**10,500**
**0**
**181,297**
159,973
7,300
0
**167,273**|
||12,271
-
-
12,271
19,998
-
-
19,998
213,589
245
-
213,834
181,669
5,275
-
186,944
1,140
-
-
1,140
1,140
-
-
1,140|
||**227,000**
**245**
**0**
**227,245**
**202,807**
**5,275**
**0**
**208,082**|
||**(56,203)**
**10,255**
**-**
**(45,948)**
**(42,834)**
**2,025**
**-**
(40,809)
778
-
(1,941)
(1,163)
704
-
1,361
2,065|
||**(55,425)**
**10,255**
**(1,941)**
**(47,111)**
(42,130)
**2,025**
1,361
**(38,744)**|
||899,634
17,236
59,930
976,800
941,764
15,211
58,569
1,015,544|
||**844,209**
**27,491**
**57,989**
**929,689**
**899,634**
**17,236**
**59,930**
**976,800**|
9
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **BALANCE SHEET AS AT 31 DECEMBER 2025**
|**Note**
**FIXED ASSETS**
Tangible Assets
6
Investments
7
**CURRENT ASSETS**
Debtors
9
Cash at Bank and In Hand
**LIABILITIES: AMOUNTS FALLING DUE**
**WITHIN ONE YEAR**
10
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
11
Unrestricted
Restricted
Endowed|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL**
**FUNDS**
**TOTAL**
**FUNDS**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
10,045
-
-
10,045
4,767
464,409
-
57,989
522,398
523,561|
|---|---|
||**474,454**
**0**
**57,989**
**532,443**
**528,328**|
||8,935
-
-
8,935
11,788
371,810
27,491
-
399,301
471,437|
||**380,745**
**27,491**
**0**
**408,236**
**483,225**|
||10,990
-
-
10,990
34,753|
||**369,755**
**27,491**
**0**
**397,246**
448,472|
|||
||**844,209**
**27,491**
**57,989**
**929,689**
976,800|
||844,209
-
-
844,209
899,634
-
27,491
-
27,491
17,236
-
-
57,989
57,989
59,930|
||**844,209**
**27,491**
**57,989**
**929,689**
976,800|
The notes on the subsequent pages form part of these financial statements.
Approved by the Parochial Church Council on 27 May 2026 and signed by:
Revd Al Gordon Vicar
10
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 ACCOUNTING POLICIES**
## **Basis of preparing the financial statements and assessment of going concern**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Critical accounting judgements and key sources of estimation uncertainty**
No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.
## **Income**
## **Voluntary income and capital sources**
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the gift is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by the fete, bazaar and similar events are accounted for gross.
## **Other trading income**
Rental income from the letting of church premises is recognised when the rental is due.
## **Income from investments**
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.
## **Expenditure**
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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Fixed assets**
## **Consecrated land and buildings and movable church furnishings**
Consecrated and beneficed property is excluded from the accounts in accordance with Charities Act 2011.
Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory, which may be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items for the repair of moveable church furnishings is written off.
Investment properties are held for rental income and/or capital appreciation and are measured at fair value at the reporting date. The fair value is determined by the PCC having regard to available market evidence. Changes in fair value are recognised in the Statement of Financial Activities.
11
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1 ACCOUNTING POLICIES - continued**
## **Other fixtures, fittings and office equipment**
Only items of greater than £1,000 are capitalised. Church production equipment comprises a number of electrical and other items connected with sound, vision and worship. They will be depreciated over five years on a straight line basis from date of first use.
Computer and office equipment and furnishings are depreciated on a straight line basis over five years from date of first use.
## **Investments**
Investments are valued at market value at 31 December. Realised gains or losses are recognised in the Statement of Financial Activities when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
## **Current assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit with the Central Board of Finance of the Church of England, the Chelmsford Diocesan Board of Finance and COIF Charity Funds.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value.
## **Borrowings**
The PCC has one category of borrowing - loans from the Diocese of London, which is recognised at the amount received plus accumulated interest.
## **Fund accounting**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
12
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
|**2 INCOME**
**2(a) Voluntary income**
Regular donations
Collections (open plate)
Gift Aid from HMRC
Grant income
**2(b) Charitable activities**
Church Activities
Parochial Fees
**2(c) Investments**
Property Investment Income
Interest Income
**2(d) Other Income**
Other Income
**Total Income**
**3 EXPENDITURE**
**3(a) Cost of Raising Funds**
Collecting Agent Fees
Investment Property Costs
**Total Cost of Raising Funds**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL**
**FUNDS**
**TOTAL**
**FUNDS**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
127,346
-
-
127,346
116,527
5,794
-
-
5,794
8,513
1,465
-
-
1,465
2,318
-
10,500
-
10,500
7,300
**134,605**
**10,500**
**0**
**145,105**
**134,658**
890
-
-
890
1,378
334
-
-
334
577
**1,224**
**0**
**0**
**1,224**
**1,955**
27,264
-
-
27,264
28,955
7,704
-
-
7,704
1,362
**34,968**
**0**
**0**
**34,968**
**30,317**
-
-
-
-
343
**0**
**0**
**0**
**0**
**343**
**170,797**
**10,500**
**0**
**181,297**
**167,273**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL FUNDS**
**TOTAL**
**FUNDS**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
1,174
**-**
**-**
1,174
1,021
11,097
**-**
**-**
11,097
18,978|
|---|---|
||**12,271**
**0**
**0**
**12,271**
**19,998**|
13
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **3 EXPENDITURE- continued**
|**3(b) Charitable Activities**
Diocesan Parish Share
SAINT Clergy Allocation
Sundays, Prayer Ministry and Special Services
Worship and Prayer Ministry
Parish Events and Coordination
Evangelism and Discipleship Expenses
Families and Children
Church Building and Maintenance costs
Administration Costs
Other Miscellaneous Expenditures
Other Pastoral Costs
Outreach and Lighthouse
**Total Charitable Activities**
**3(c) Governance costs**
**Total Expenditure**
**4 STAFF COSTS**
Wages and salaries (inc. PAYE)
Employers Pension Costs||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**TOTAL**
**FUNDS**
**TOTAL**
**FUNDS**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
36,290
-
-
36,290
33,660
11,358
11,358
-
11,895
-
-
11,895
11,153
27,666
-
-
27,666
22,084
232
-
-
232
5,000
1,960
-
-
1,960
1,840
21,817
-
-
21,817
21,386
41,841
5
-
41,846
45,150
60,228
-
-
60,228
45,187
-
-
-
-
1,008
87
-
-
87
191
215
240
-
455
285|
|---|---|---|
|||**213,589**
**245**
**0**
**213,834**
**186,944**|
|||**1,140**
**-**
**-**
**1,140**
**1,140**|
|||**227,000**
**245**
**0**
**227,245**
**208,082**|
|||**2025**
**2024**
**£**
**£**
5,402
4,653
-
-
5,402
4,653|
||||
||||
||||
||||
||||
The PCC had one direct employee in 2025 (2024: 1) with 0.2 FTE (2024: 0.2) equivalence. No staff received salaries at a rate of more than £60,000 per annum.
Clergy members are employed, and their housing is supplied, by the Diocese of London.
## **5 RELATED PARTY TRANSACTIONS**
No amounts in regard to expenses were reimbursed that were not incurred directly on behalf, and for the benefit of, the Church.
Members of the PCC and related parties made aggregate unrestricted known donations of £54,286 during the year (2024: £32,256).
The incumbent of St Mary’s is also the incumbent of the Parish of Hackney. During the year the Parish of Hackney collected donations as agent for St. Mary’s in the amount of £79,375 (2024: £81,121). During the year the PCC was charged £nil (2024: £347) by the Parish of Hackney for lay ministry and administrative support that was wholly related to the benefit of St. Mary’s church activities. The PCC charged the Parish of Hackney in the year £3,636 (2024: £19,777) for ministry costs incurred. At 31 December 2025, as a result of these transactions, the PCC was owed £3,636 (2024: £20,124) by the Parish of Hackney.
14
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6 TANGIBLE FIXED ASSETS**
|Cost at 1 January 2025
Additions during year
Disposals during year
Cost at 31 December 2025
Depreciation at 1 January 2025
Charge for the year
Disposals during year
Depreciation at 31 December 2025
**Net Book Value at 1 January 2025**
**Net Book Value at 31 December 2025**|**Computer**
**Equipment**
**Production**
**Equipment**
**Church**
**Fixtures**
**Total**
**£**
**£**
**£**
**£**
2,252
4,752
-
7,004
-
1,599
5,336
6,935
-
-
**-**
**-**|
|---|---|
||**2,252**
**6,351**
**5,336**
**13,939**|
||415
1,822
-
2,237
449
1,030
178
1,657
-
-
**-**
**-**|
||**864**
**2,852**
**178**
**3,894**|
|||
||**1,837**
**2,930**
**-**
**4,767**|
|||
||**1,388**
**3,499**
**5,158**
**10,045**|
## **7 FIXED ASSET INVESTMENTS**
|**7a Current Year**
**At 1 January 2025**
Interest reinvested
Revaluation
**At 31 December 2025**
**7b Prior Year**
**At 1 January 2024**
Interest reinvested
Revaluation
**At 31 December 2024**|**CCLA - CBF**
**Fixed**
**Interest 1**
**CCLA - CBF**
**Fixed**
**Interest 2**
**CBF**
**Endowment**
**Benefice**
**CBF**
**Endowment**
**Edward Jones**
**Property**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
**1,081**
**12,550**
**2,933**
**56,997**
**450,000**
**523,561**
25
753
-
-
-
778
-
-
337
(2,278)
-
(1,941)|
|---|---|
||**1,106**
**13,303**
**3,270**
**54,719**
**450,000**
**522,398**|
||**CCLA - CBF**
**Fixed**
**Interest 1**
**CCLA - CBF**
**Fixed**
**Interest 2**
**CBF**
**Endowment**
**Benefice**
**CBF**
**Endowment**
**Edward Jones**
**Property**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
**1,049**
**11,878**
**2,847**
**55,722**
**450,000**
**521,496**
32
672
-
-
-
704
-
-
86
1,275
-
1,361|
||**1,081**
**12,550**
**2,933**
**56,997**
**450,000**
**523,561**|
The church’s investment property comprises St Mary’s Parish Hall, 72 Lindley Road, London E10 6QT, which is held for rental income and is let at a commercial rent.
This property has been valued at the reporting date by the PCC, with reference to market evidence including comparable property values. The trustees consider the valuation to be a reasonable estimate of fair value.
15
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **7 FIXED ASSET INVESTMENTS - continued**
|**Fixed Investments by Fund**
Property
CBF Endowment Benefice
CBF Endowment Edward Jones
CCLA - CBF Fixed Interest 1
CCLA - CBF Fixed Interest 2|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2025**
**Total**
**2024**
**£**
**£**
**£**
**£**
**£**
450,000
-
-
450,000
450,000
-
-
3,270
3,270
2,933
-
-
54,719
54,719
56,997
1,106
-
-
1,106
1,081
13,303
-
-
13,303
12,550|
|---|---|
||**464,409**
**0**
**57,989**
**522,398**
**523,561**|
## **8 ANALYSIS OF ASSETS BY FUND**
|**ANALYSIS OF ASSETS BY FUND**||
|---|---|
|**Assets by Fund**
Property Investments
Fixed Financial Investments
Tangible Fixed Assets
Current Assets
Liabilities due within one year
**Total Assets by Fund**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**2025**
**£**
**£**
**£**
**£**
450,000
-
-
450,000
14,409
-
57,989
72,398
10,045
-
-
10,045
380,745
27,491
-
408,236
(10,990)
-
-
(10,990)|
||**844,209**
**27,491**
**57,989**
**929,689**|
## **9 DEBTORS AND PREPAYMENTS**
|**DEBTORS AND PREPAYMENTS**||
|---|---|
|Accounts Receivable
Gift Aid Receivable
Prepayments
Other Debtors|**2025**
**2024**|
||**£**
**£**|
|||
||492
3,783|
||4,980
2,318
3,463
4,489
-
1,198|
||**8,935**
**11,788**|
## **10 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accounts Payable
Accruals
Due to Hackney Church
Other Creditors|**2025**
**2024**
**£**
**£**
2,694
2,549
2,906
5,024
3,636
20,124
1,754
7,056|
|---|---|
||**10,990**
**34,753**|
16
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **11 STATEMENT OF FUNDS**
|**11 STATEMENT OF FUNDS**||
|---|---|
|**11a Current year**
**Unrestricted Funds**
Unrestricted Fund
**Total Unrestricted Funds**
**Restricted Funds**
Lighthouse
St. Mary's Churchyard
Vicar and Youth Fund
Charity Collections
**Total Restricted Funds**
**Endowment Funds**
Benefice Endowment (Capital)
Edward Jones Trust (Capital)
**Total Endowment Funds**
**Total Funds**
**11b Prior year**
**Unrestricted Funds**
Unrestricted Fund
**Total Unrestricted Funds**
**Restricted Funds**
Lighthouse
St. Mary's Churchyard
LOB Children's worker support
Vicar and Youth Fund
Charity Collections
**Total Restricted Funds**
**Endowment Funds**
Benefice Endowment (Capital)
Edward Jones Trust (Capital)
**Total Endowment Funds**
**Total Funds**|**At**
**1st January**
**2025**
**Income**
**Expenditure**
**Transfers**
**between**
**Funds**
**Gains/ (losses)**
**from**
**Investments**
**At 31st**
**December**
**2025**
**£**
**£**
**£**
**£**
**£**
**£**
899,634
170,797
(227,000)
-
778
844,209|
||**899,634**
**170,797**
**(227,000)**
**0**
**778**
**844,209**|
||6,631
10,500
(245)
-
-
16,886
7,067
-
-
-
-
7,067
1,885
-
-
-
-
1,885
1,653
-
-
-
-
1,653|
||**17,236**
**10,500**
**(245)**
**0**
**0**
**27,491**|
||2,933
-
-
-
337
3,270
56,997
-
-
-
(2,278)
54,719|
||**59,930**
**0**
**0**
**0**
**(1,941)**
**57,989**|
|||
||**976,800**
**181,297**
**(227,245)**
**0**
**(1,163)**
**929,689**|
||**At 1st**
**January 2024**
**Income**
**Expenditure**
**Transfers**
**between**
**Funds**
**Gains/(losses)**
**from**
**Investments**
**At 31st**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
**£**
941,764
159,973
(202,807)
-
704
899,634|
||**941,764**
**159,973**
**(202,807)**
**-**
**704**
**899,634**|
||4,606
2,300
(275)
-
-
6,631
7,067
-
-
-
-
7,067
-
5,000
(5,000)
-
-
-
1,885
-
-
-
-
1,885
1,653
-
-
-
-
1,653|
||**15,211**
**7,300**
**(5,275)**
**0**
**0**
**17,236**|
||2,847
**-**
-
**-**
86
2,933
55,722
**-**
-
**-**
1,275
56,997|
||**58,569**
**0**
**0**
**0**
**1,361**
**59,930**|
|||
||**1,015,544**
**167,273**
**(208,082)**
**0**
**2,065**
**976,800**|
## **Description of funds are as follows:**
## _Restricted Funds_
**St. Mary's Churchyard** fund is to invest in the gardens of the church.
The **Vicar and Youth Fund** is a fund for the Vicar to utilise for the Youth of St. Mary's Church.
17
**The Parochial Church Council of the Ecclesiastical Parish of St Mary with St Edward and St Luke, Leyton**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **11 STATEMENT OF FUNDS - continued**
**Charity Collections** are amounts collected on behalf of other charities.
The **Lighthouse** Fund is for expenditures related to the Lighthouse outreach activities.
**LOB Children's worker support** fund is monies received from the Diocese of Chelmsford to provide children’s work in the parish.
## _Endowment Funds_
The **Benefice Endowment** fund was originally provided for damage to the vicarage during war. The income from the endowment is used for the maintenance of the church and churchyard. In December 2025 the PCC resolved to close this endowment fund with the money redesignated as restricted for the maintenance of church and churchyard following the year end.
The **Edward Jones Trust** fund is an endowment for the preservation of the fabric and the churchyard of St. Mary's Church. The capital is held in trust with the income generated used for the purpose of the endowment.
18