Charity registration number: 1208859
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Annual Report and Financial Statements for the Year Ended 31 December 2025
Field Sullivan Limited 9 Hare & Billet Road London SE3 0RB
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 7 |
| Independent Examiner's Report | 8 to 9 |
| Statement of Financial Activities | 10 to 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 to 23 |
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Reference and Administrative Details
| Chairman | Fr Owen Dobson |
|---|---|
| Trustees | Simon Bland |
| Adrian Furnham | |
| Douglas Parkin, Treasurer | |
| Sandra Simoni, Church Warden | |
| Andrew Parry | |
| Brenda George | |
| John George | |
| Rosanna Parry | |
| Angela Devaney | |
| Sean Wyer | |
| Lesley Merriot | |
| Fr Owen Dobson | |
| Charity Registration Number | 1208859 |
| Principal Office | St Pancras Old Church |
| Pancras Road | |
| London | |
| NW1 1UL | |
| Independent Examiner | Field Sullivan Limited |
| 9 Hare & Billet Road | |
| London | |
| SE3 0RB |
Page 1
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2025.
Objectives and activities
Objects and aims
The principle purpose of the charity is promoting in the parish the whole mission of the Church as set out in the Parochial Church Councils (Powers) Measure 1956 as amended.
Objectives, strategies and activities
The Parish seeks to make Christ known to the people of Camden by: Placing worship and prayer at its heart, Ministering to the whole community especially the vulnerable, Developing work with children and young people, Calling lay people to various forms of service, Maintaining our buildings as sacred places and resources for the community, Ensuring long term financial viability, Provide buildings/facilities/open space for concerts.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
The Charity has maintained regular public worship for which it has responsibility over the course of the year.
Our Church building continued to remain open daily to the public free of charge.
Structure, governance and management
Nature of governing document
The Church is governed by the Canons of the Church of England and in particular, by the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
Recruitment and appointment of trustees
Through a mix of ex-officio members, clergy, and elected lay representatives. Specifically, they include the parish clergy, churchwardens (elected by parishioners), and members of Diocesan and Deanery synods who are on the parish electoral roll. Additionally, lay representatives are elected at the annual parochial church meeting.
St. Pancras Old Church is a Church of England Church in the Diocese of London, Edmonton Episcopal Area under the episcopal oversight of the Bishop of Fulham.
Page 2
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Trustees' Report (continued)
The duly elected members of the Parochial Church Council (PCC) are the trustees of the church and during 2025 were as listed below:
Fr Owen Dobson - Priest in Charge
Simon Bland – Lay Chair
Clare Flynn - Churchwarden (until 18th May 2025)
Sandra Simoni - Churchwarden & Deanery Synod Representative
Andrew Parry - Secretary, Safeguarding Officer & Churchwarden (from 18th May 2025)
Douglas Parkin- Treasurer
Rosanna Parry - Electoral Roll Officer
Adrian Furnham
Angela Devaney
John George
Brenda George
Lynn Trigg – (until 18th May 2025)
Iskander Georges (until 18th 2025)
Lesley Merriott (from 18th May 2025)
Sean Wyer (from 18th 2025)
Meetings of the PCC
The PCC met on four occasions in 2025. The major items of discussion were: Safeguarding training, reviewing and updating risk assessment and policies, Licenses for Chalice Bearers/Eucharistic Ministers, Admin Support.
The PCC is aware of expenditure expected in the future to upgrade the electrics and lightning in the church and is holding funds to meet these needs.
Congregation and Worship
There are 50 people on the electoral role.
Mass is celebrated on Sundays at 9.30am, Mondays at 9.30am, Tuesdays at 6.30pm and Thursdays & Saturdays at 10am.
Simon Ó Laocha joined the parish in September 2025 as a Pastoral Assistant. Simon has overseen the restart of the Sunday school.
William Mason was appointed as the new Director of Music and Organist in November 2025 to replace Simon Bland who left in September to go to St Stephens House Oxford to commence training for ordination to the priesthood.
Page 3
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Trustees' Report (continued)
Deanery Synod
St Pancras Old Church is in the Deanery of Camden and has one Deanery Synod member. The Camden Deanery Synod met on three occasions in 2025. The main items of discussion were the work of C4WS, a group of churches in Camden offering shelter to people in need and Ministry with Gypsy, Roma and Traveller people.
Finance
The 2024 Finance report is attached.
Fabric
No major works were undertaken in 2025.
Safeguarding
The Parish Safeguarding Policy has been set in accordance with the London Diocese recommended policy to ensure all worshippers in our church feel safe and supported. We have a Safeguarding Officer (Andrew Parry).
Going Concern
The PCC considers risks to the continuation of the Parish at PCC meetings and currently they consider there are no material uncertainties about the Parish ability to continue as a going concern.
Investment Policy
The Parish has one investment account, The Laura and Victor Fund invested in the CCLA Charities Investment Fund. This is a restricted memorial fund for children attending Old St Pancras Church. It is reviewed annually as part of the annual finance report.
Reserves Policy
The Church policy is to have at least the equivalent of half a year’s annual operating costs held in reserve, normally held within the Fabric Fund.
Annual Finance Report Year Ending 31 December 2025
Income
In comparison to 2024 total income fell by £30k (20%).
The major factors contributing to this reduction were the Legacy income received in 2024 of £18k and the transfer of £9k from the children’s fund held by the group parish office to the Laura and Victor fund held by St Pancras Old Church in 2024.
Total parish giving declined by £3k (6%) compared to 2024.
Page 4
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Trustees' Report (continued)
Shown below is performance by major category.
| 2025 | 2024 | Variance | |
|---|---|---|---|
| £ | £ | £ | |
| Church Giving | 14,482 | 17,346 | -2,864 |
| Planned Giving | 20,069 | 23,404 | -3,335 |
| Giving via Terminals | 13,949 | 10,846 | 3,103 |
| Grants | 16,122 | 24,996 | -8,874 |
| Church Hire | 47,556 | 42,085 | 5,471 |
| Legacy Income | 18,350 | -18,350 | |
| Other Income | 7,638 | 12,169 | -4,531 |
| TOTAL | 119,816 | 149,196 | -29,380 |
Costs
Total costs fell by £23k (18%) in comparison to 2024.
The major factor in the reduction was the work required to the vicarage totaling £20k prior to Fr Owen’s appointment as priest in charge of Old St Pancras in 2024.
Shown below are costs by major category:
| Costs | 2025 | 2024 | Variance |
|---|---|---|---|
| £ | £ | £ | |
| Music | 11,258 | 15,251 | -3,993 |
| Running Costs | 15,198 | 16,662 | -1,464 |
| Worship | 8,035 | 7,993 | 42 |
| Services | 9,942 | 8,221 | 1,721 |
| Pilgrimage | 3,826 | 4,193 | -367 |
| Building Costs | 9,208 | 3,615 | 5,593 |
| Office | 14,346 | 15,871 | -1,525 |
| Diocesan | 31,000 | 31,000 | 0 |
| Priest & Vicarage | 1,521 | 20,391 | -18,870 |
| Other Costs | 1,472 | 5,475 | -4,003 |
| TOTAL | 105,806 | 128,672 | -22,866 |
Page 5
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Trustees' Report (continued)
Balance Sheet
Fixed Assets
Total Fixed Assets increased by £3k. This was due to an increase in the valuation of the CCLA general fund of £4k offset by a reduction in the value of the Laura & Victor fund of £1k.
Current Assets
Net Current Assets showed an increase of £10k reflecting the increase in the balance on the PCC general bank account of £14k due to the favorable balance between income and expenditure of £13k for 2025.
Total Capital and Reserves
Total Capital and Reserves at £258k showed an increase of £13k in comparison to 2024.
Financial review
Policy on reserves
The Church policy is to have at least the equivalent of half a year’s annual operating costs held in reserve, normally held within the Fabric Fund to cover any major works needed to the church building, currently at £50,000.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
The PCC ofthe Ecclesiastical Parish of Old St Pancras with St Matthew Bedford NewTown Trustees, Report Icontlnued) The trustees are responsible for the Maintenance integrity of the corporate and financi31 information Included On the charitable co mpany's website. Legislation governing the preparation and di55emination of flnèncial ststements may differ Irorn legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 26 April 2026 and 518ned Dn its behalf by.. Douglas Parkin Trustee Pa8e 7
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Independent Examiner's Report to the trustees of The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this 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 charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s 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:
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accounting records were not kept in respect of The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting 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.
Page 8
The PCC of the Ecclesiastical Parish ofold St Pancras with St Matthew Bedford New Town Independent Examiner's Report tothe trusteesof The PCC ofthe Eccleslastlcal Parish of Old St Pancras with St Matthew Bedford New Town (continued) Tim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road London SE3 OR8 Page 9
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Statement of Financial Activities for the Year Ended 31 December 2025
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities Investment income 6 Total income Expenditure on: Charitable activities 7 Total expenditure Gains/losses on investment assets Net income/(expenditure) Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted £ 66,474 1,384 49,166 3,877 120,901 (104,108) (104,108) - 16,793 - 16,793 153,957 170,750 |
Restricted £ - - - 565 565 - - (968) (403) - (403) 80,649 80,246 |
Total 2025 £ 66,474 1,384 49,166 4,442 121,466 (104,108) (104,108) (968) 16,390 - 16,390 234,606 250,996 |
Unrestricted £ 65,922 1,161 42,085 3,351 112,519 (121,628) (121,628) - (9,109) (9,264) (18,373) 172,330 153,957 |
Restricted £ 18,350 - - 550 18,900 (1) (1) 447 19,346 9,264 28,610 52,039 80,649 |
Total 2024 £ 84,272 1,161 42,085 3,901 |
|---|---|---|---|---|---|---|
| 131,419 | ||||||
| (121,629) | ||||||
| (121,629) 447 |
||||||
| 10,237 - |
||||||
| 10,237 224,369 |
||||||
| 234,606 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 13 to 23 form an integral part of these financial statements. Page 10
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Statement of Financial Activities for the Year Ended 31 December 2025 (continued)
The funds breakdown for 2024 is shown in note 17.
The notes on pages 13 to 23 form an integral part of these financial statements. Page 11
The PCC ofthe Eccleslastlcal Parish ol Old St Pancraswith St Matthew Bedford NewTown Balance Sheet as at 31 December 2025 2025 2024 Note Fixed a55et5 Investments 12 19,256 20,224 Curvent 4$5et5 Debtors 13 7.392 88,601 147 003 10,128 84,765 132 637 Investments 14 Cash at bènk and In hand 15 242,996 227,530 vi Credttors- Amounts falllng duewlthln one year 16 iii Net rrent assets Net assets Funds of the tharlty.. Restrltted income fund5 Restricted funds 80.246 80.649 Unrestrlcted Intome funds Unrestricted funds Total fut7ds 17 ThE financièl statement5 on pages 10 to 23 werè approved by the trustees. and authorised for issue on 26 April 2026 and signed on their'behalf bv.. Douglas Parkin Trustee The notes on pages 13 to 23 form an integral part of these financial statements. Page 12
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025
1 Charity status
The charity is domiciled in England and Wales.
The address of its registered office is:
St Pancras Old Church Pancras Road NW1 1UL
These financial statements were authorised for issue by the trustees on 26 April 2026.
2 Accounting policies
Statement of compliance
The financial statements have been prepared 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) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
Page 13
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 14
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Current asset investments
Current asset investments are included at the lower of cost and net realisable value / market value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 15
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
3 Income from donations and legacies
| Donations and legacies; Planned giving Donations Unplanned giving Legacies Grants, including capital grants; St Pancras Church Land Trust Other grants |
Unrestricted funds General £ 20,093 14,495 13,917 - 16,122 1,847 66,474 |
Total 2025 £ 20,093 14,495 13,917 - 16,122 1,847 66,474 |
Total 2024 £ 23,458 10,996 17,346 18,350 14,122 - |
|---|---|---|---|
| 84,272 |
- 4 Income from charitable activities
| Fees and supplies | Unrestricted funds General £ 1,384 |
Total 2025 £ 1,384 |
Total 2024 £ 1,161 |
|---|---|---|---|
Page 16
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
5 Income from other trading activities
| Rental income | Unrestricted funds General £ 49,166 49,166 |
Total funds £ 49,166 49,166 |
Total 2024 £ 42,085 |
|---|---|---|---|
| 42,085 |
6 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Other income from fixed asset investments |
Unrestricted funds General £ 3,877 - 3,877 |
Restricted funds £ - 565 565 |
Total 2025 £ 3,877 565 4,442 |
Total 2024 £ 3,351 550 |
|---|---|---|---|---|
| 3,901 |
7 Expenditure on charitable activities
| Note Ministry costs Ministry support costs Recharged expenses Hospitality Parish Support Fund Music and organist Parish pilgrimage Diocesan and Deanery cost Support costs 8 |
Total 2025 £ 10,434 1,522 - 534 31,000 22,856 - 663 37,099 104,108 |
Total 2024 £ 8,410 20,390 (6,912) 464 31,000 24,320 4,818 482 38,657 |
|---|---|---|
| 121,629 |
Page 17
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
8 Analysis of support costs
Support costs
| Staff costs Wages and salaries Casual wages Utilities Church maintenance Major repairs Insurance Church upkeep Other administrative costs Printing, postage and stationery Cleaning Independent examination Legal and professional Bank charges |
Total 2025 £ - 5,732 5,239 5,437 74 4,113 2,843 2,973 3,209 3,360 2,250 - 1,869 37,099 |
Total 2024 £ 644 6,164 10,012 762 780 4,029 3,363 2,468 3,119 2,989 2,166 900 1,261 |
|---|---|---|
| 38,657 |
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 18
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Other staff costs |
2025 £ - 5,732 5,732 |
2024 £ 644 6,164 |
|---|---|---|
| 6,808 |
No employee received emoluments of more than £60,000 during the year
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Fixed asset investments
| 12 Fixed asset investments | ||||
|---|---|---|---|---|
| Other investments Other investments Cost or Valuation At 1 January 2025 Revaluation At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
2025 £ 19,256 Unlisted investments £ 20,224 (968) 19,256 19,256 20,224 |
2024 £ 20,224 |
||
| Total £ 20,224 (968) 19,256 19,256 20,224 |
Page 19
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
13 Debtors
| Trade debtors Prepayments Other debtors 14 Current asset investments Cash deposits 15 Cash and cash equivalents Cash at bank 16 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals |
2025 £ 1,831 209 5,352 7,392 2025 £ 88,601 2025 £ 147,003 2025 £ 412 - 10,844 11,256 |
2024 £ 7,761 206 2,161 |
|---|---|---|
| 10,128 | ||
| 2024 £ 84,765 |
||
| 2024 £ 132,637 |
||
| 2024 £ 145 1,610 11,393 |
||
| 13,148 |
Page 20
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
17 Funds
Unrestricted funds
General
General Funds Restricted funds Laura & Victor St Pancras Appeal
Total funds
| Balance at 1 January 2025 £ 153,957 32,299 48,350 80,649 234,606 |
Incoming resources £ 120,901 565 - 565 121,466 |
Resources expended £ (104,108) - - - (104,108) |
Other recognised gains/(losses) £ - (968) - (968) (968) |
Balance at 31 December 2025 £ 170,750 31,896 48,350 |
|---|---|---|---|---|
| 80,246 | ||||
| 250,996 |
Page 21
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
| Unrestricted funds General General Funds Restricted funds Laura & Victor St Pancras Appeal Total funds |
Balance at 1 January 2024 £ 172,330 22,039 30,000 52,039 224,369 |
Incoming resources £ 112,519 550 18,350 18,900 131,419 |
Resources expended £ (121,628) (1) - (1) (121,629) |
Transfers £ (9,264) 9,264 - 9,264 - |
Other recognised gains/(losses) £ - 447 - 447 447 |
Balance at 31 December 2024 £ 153,957 32,299 48,350 |
|---|---|---|---|---|---|---|
| 80,649 | ||||||
| 234,606 |
The specific purposes for which the funds are to be applied are as follows:
Laura and Victor Fund - Funds were raised in memory of two children, and the purpose of the fund is to provide holidays for children attending Old St. Pancras Church. HFL Funding Appeal - Funds were raised for major building projects in the Old St. Pancras Church.
Page 22
The PCC of the Ecclesiastical Parish of Old St Pancras with St Matthew Bedford New Town
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
18 Analysis of net assets between funds
| 18 Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed asset investments Current assets Current liabilities Total net assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ - 182,006 (11,256) 170,750 Unrestricted funds General £ - 167,105 (13,148) 153,957 |
Restricted funds £ 19,256 60,990 - 80,246 Restricted funds £ 20,224 60,425 - 80,649 |
Total funds at 31 December 2025 £ 19,256 242,996 (11,256) |
| 250,996 | |||
| Total funds at 31 December 2024 £ 20,224 227,530 (13,148) |
|||
| 234,606 |
19 Related party transactions
During the year, the charity received a grant of £16,122 (2024: £14,122) from St Pancras Church Land Trust a charity in which trustee Sandra Simoni is a trustee.
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