REGISTERED CHARITY NUMBER: 1126950 Report ol the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025 for THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Maven A¢¢ountanls Limited PO Box 1882 Southampton Hampshire S015 9JZ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Contents of the Financial Statements for the Year Ended 31 December 2025 Page Reference 2nd Administrative Details Report ofthe TN$tee$ 3 to 10 Independent Examiner's Report 11 10 12 Statement of Financial Activities 13 10 14 Statement of Financial Position 15 to 16 Notes to the Financial Statements 17 to 32 Detailed Statement of Fin8neial Activities 33 to 34
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Reference and Administrative Details for the Year Ended 31 December 2025 TRUSTEES E Du Crtsz B Thomas R Pawsey G Snell C E Delve Churchwarden S Hargreaves J Ah-chuen E Bradley (resigned 10.5.25} J Pugh- Smith D Mathew (resigned 10.5.251 T Bird P Holt A Matwa53 (resigned 10.5.25) E Harvey {resigned 10.5.251 Z Kundishora H Catto (appointed 11.5.251 N Selim lappoinled 10.5.25) C Tsoi (appointed 10.5.251 PCC members Ilrusteesl who have $erved from 1 January 2025 until the date this report wa$ approved are. Incumbent.. Rev'd Jon Finch Rector App June 2018 Clergy.. Rev'd Jon Finch Rector App June 2018 Rev'd Kaly Horne Associate App June 2024 Rev'd Emily Ball Curate App June 2025 Church Wardeng". Ms Cather4ne Delve App Apr 2019 Dr Ben Thomas App Oct 2024 Deanery Synod Representatives.. Ms Gemma Snell App Ocl 2020 Mr Tim Bird App Apr 2023 Miss Emma Du Croz App Apr 2025 Other Elected Memb&rs of the PCC.. Mr Simon Hargreaves Treasurtr App Apr 2023 Mr Jonathan AChUern App Nov 2023 Mi Jonathan Pugh-smith Pop Apr 2023 Mr Tim 8ird App Apr 2023 Ms Rachel Pawsey App O¢1 2020 Mr Peter Holl App Api 2023 Miss Emma Du Croz App Nov 2023 Mr Zed Kundishora App Apr 2024 Miss Holly Catto App Apr 2025 Mrs Naomi Selim App Apr 2025 Mr Chris Tsoi App Apr 2025 Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Reference and Adminislralive Details for the Year Ended 31 December 2025 Se¢relary.' Mrs Rathel Ram8d8n App Sept 2025 Members stepped down. M15 Elizabeth Bradley Member App Nov 2023 End Apr 2025 Miss Deborah Mathew Member App Apr 2023 End Jun 2025 Mr8 Angela Matwasa MemberApp Api 2022 End Api 2025 Mrs Emily Harvey Member App Jun 2022 End Apr 2025 Miss Gra¢e Pearson PCC secretary App Nov 2023 End Sept 2025 PRINCIPAL ADDRESS St Barnabas Church Lodge Road Southampton S014 GRF REGISTERED CHARITY NUMBER 1126950 INDEPENDENT EXAMINER M8ven Accountants Limited PO Box 1882 Southampton Hampshire S015 9JZ Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees foi the Year Ended 31 December 2025 The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Vlslon Statement Saint Mary's Southampton is a community following Jesus, playing our part in the renewal of Soulhampton. We aren't just here to build a church, we are here to transform a City. Church was never meant lo beconlained in a building. il was meant to flow out and permeate society, uplifting and bringing hope lo everyone. We believe that Soulhamplon can be known as a city where people love their neighbour, where people experience forgiveness and so they forgive, where kindness is rife and generosity common. Where the young and old are filled with purpose and the rich and poor overflow with compassion. We believe that in Southampton Jesus is making all things new and we long to see every citizen of our city marching together with all of the saints singing 'We've found a LOVE that has changed EVER YTHINGI" Because with Jesus, the best is yet to eomel Publ1¢ Beneflt Statement All of our activities are undertaken lo further our charitable purposes for the public benefit. In planning our activities for the year we have considered the Charity Commission's guidance on public benefit, including the guidance 'Public Benefit". Running a Charity IP821' and. in particular, the supplementary guidance on charities for the advancement of religion. ACHIEVEMENTS AND PERFORMANCE Fellowship Numbers There were 225 members on the Electoral Roll on the 9th May 2026. Of these. 15 live in the parish. Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 December 2025 ACHIEVEMENTS AND PERFORMANCE Review of the Year SAINT MARY'S LODGE ROAD The initial expectation was that the refurbishment proje¢l al Lodge Road would cost in the region of £300,000 and would be largely ¢05melic in nature. Since then, the IrLJe extent of the work required on the building has become clear, and projected costs are now expected to be closer to £1.3 million. This increase is due to the need to fully rewire the building, replace the heating system, replace the pitched copper roof, and repair and insulate all flat roofs. The project will 8150 provide for the installation of a kitchen and café area, refreshed office space, and the creation of a warm and welcoming environment for Sunday gatherings and midweek activities such as the Play Café, Meeting Place Clothing Bank, and Collective gatherings. Followng the expansion in scope of the project, People Architects were appointed in October 2025 to lead the work. After extensive exploration of roofing and heating options, both planning permission and DAC approval were sought al the beginning of this year. We are currently awaiting the outcome and remain hopeful of a positive decision. We have been fortunate lo receive more than £800,000 in funding lo dale through the Church Commissioners and individual donations. We will now seek lo raise the remaining £500,000 through grant applications and congregational giving. SUNDAYS & WORSHIP In 2025, Revd Jon Finch took a we114eserved sabbatical during the summer and returned in September 2025. Attendance increased across all services during the year, particularly from September onwards, when the arrival of new students led to the 6pm Chapel Road gathering regulatly welcoming more than 200 adults. The 10.30am gathering has continued to grow as a place of welcome for families, and Saints Kids has expanded lo accommodate additional age groups through ag&specific leaching and worship. Worship for Everyone now takes place bNice each term, bringing all generations together lo worship and practi5e what it means to be the church family. The 9.15am Eucharist regularly has more than 20 people worshipping and continues lo reflect a broad range of ages and backgrounds. The 11am Lodge Road gathering has welcomed many new faces, with regular Sunday attendan¢e ranging between 50 and 80 adults and children. International lunches, welcome drinks, and 6pm socials have provided many opportunities for people to gather together, build relationships, and strengthen community life across the church. Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 0e¢ember 2025 ACHIEVEMENTS AND PERFORMANCE ALPHA For the first time, Alpha was run across both church siles during the September term. This enabled greater accessibility for those living nearer to each location and provided an encouraging indication of the future potential for growth in the course. In several cases, translated versions of the Alph8 course videos were used for guests whose first language was not English. This worked really well and was supported by volunteers who were keen lo assist with translation during group discussions. PRISON MINISTRY Led by Emily Ball and Ordinand Geoff Morris, the prison ministry team continues lo grow, with Alpha running each term and new volunteers regularly joining the team. Emily continues lo work closely with the safeguarding team to support prison leavers in integrating into the wider communrty. LOVE YOUR NEIGHBOUR In January 2025, the Meeting Place and Clothing Bank at Lodge Road was launched, offering a community café alongside a referral-based elothing provision. Now operating Meeting Places al both church siles, the Love Your Neighbour volLJnteer team has done an oulslanding job serving the local community. Our partnership with Southampton City Mission has been invaluable in enabling both food and clothing provision, and we are extremely grateful for their ongoing support. We are also very thankful for partnerships with NHS social prescribers, CLEAR Project. NHS Talking Therapies, Denlaid, Society of St James, and many others who allend each week to provide additional support and 5eNices through the Meeting Places. During 2025, three Community Banquets were held, with members of the Meeting Place community volunteering to cook and seNe. Al Christmas, more than 1,600 parcels were delivered across the city through Love Christmas, each including an invitation to the Christmas Banquet. More than 250 people attended, and the church was full. In May, we celebrated Saints in the City Day with projects taking pla aeross Southampton and more than 150 volunteers involved. In 2028, this initiative will be reimagined as Love Your Neighbour Month, with the hope of reaching and impacting even more people through volunleer-led projects acr055 the city. SAINTS KIDS Sundays 81 Chapel Road have continued to be busy and encouraging for the Saints Kids team, with between 60 and 80 children attending most weeks. Thanks lo the commitment and faithfulness of the volunteer team, it has been possible to offer a wider range of groups tailored to different age groups. Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 December 2025 ACHIEVEMENTS AND PERFORMANCE At Lodge Road, the children's ministry remains smaller in number, but there is a committed group of families who attend regularly and have built strong relationships and a supportive community together. The Play Café, which launched at Lodge Road in De¢ember 2024, now regularly welcornes more than 15 children and their caregivers each week. The calm and welcoming environment provides Spa for ¢aregivers and young ¢hildren lo build friendships. enjoy community, and explore Bible stories together. This has enabled connections with many local parents and caregivers who had not previously been connected lo church life. SAINTS YOUTH 11 has been an exciting year of growth and development for Saints Youth. Both the younger and older Sunday youth gatherings have more than doubled in size over the past year, with increasing numbers of young people engaging regularly in worship, teaching. and community life. In September 2025, Saints Youth relaunched a Friday night Youth Club which was open to all young people and promoted through local s¢hools and college5. The evenings have created a fun environment for young people lo gather, build friendships, enjoy activities together. and explore the faith through Bible teaching and discussion. Building on this momentum, Bridge the Gap Youth launched in January 2026 alongside the Friday night programme. This new initiative has already seen more than 20 unchur¢hed young people attending each week, creating valuable opportunities for relalionshipbuilding, discipleship. and conversations about Jesus in an accessible and welcoming envirtsnmenl. SAINTS COLLECTIVE Isludenls and young adults) September 2025 saw a significant influx of students and young adults, resulting in a sustained increase in attendance at the 6pm gathering, which has regularly exceeded 200 adults since that lime. The Collective evenings continue monthly at Lodge Road, providing space for students and young adults to build community, worship together, and grow in faith. In November 2025, over 160 students and young adults attended a weekend away, which included lime for games, leaching from a rangè of speakers, extended worship and deepening spiritual fomiation. In May 2025, the Colledive Ball was held, bringing together students and young adults for an evening of dinner, live music, and a farewell celebration for those in their final year. An auction of promises during the evening raised over £2,500. which will be invested back into the Collective ministry. Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 Dember 2025 ACHIEVEMENTS AND PERFORMANCE FOCUS In July, over 200 people travelled to Newark to take part in Focu5, together with the congregation from Lord's Hill Church, who camped alongside us. This was a significant moment of shared life and unity, providing a rich opportunity lo connect more deeply with the wider HTB network and to strengthen relationships across our church communities. The week together included worship, teaching, shared meals, and plenty of lime for fellowship, fun, and community life, helping to root and refresh those who allended. A key theme running through Focus was the en¢ouragemenl to "use what we have drawing on 2 Kings 4..2. Out of this growing sense of identity and commitment, two new volunleer-led streams have emerged.. a men's ministry and a women's ministry. Both are still in their early stages bul are already creating space for discipleship, and pastoral support. These groups are helping to foster stronger community, encouraging faith to be lived out in practical ways, and providing new opportunities for people to serve, grow, and belong within church life. STAFFING CHANGES In 2025 we saw the departure of Grace Pearson and Sophie Fanner, both of whom had served faithfully on the staff team for over three years. Vve also said farewell to Gao Rakale, who returned to South Africa after her lime supporting the Colleelive ministry. During the year, Abielle Inegebenebho was ordained as a Curate, and we were delighted to commission her into her new role al Lord's Hill Church in June. We are deeply grateful for their contribution and the significant rtsle they played in the life and ministry of the ¢hureh during their time with us. We are pleased lo welcome Derryn Robinson into the role of Love Your Neighbour Coordinator and Naomi Thelen joined the team as Church Lile and Sundays Lead. The growth of the ministries of the church have only been possible because of the dedication, energy, and generosity of the volunteer team, who continue lo invest fa((hfully in the lrfe of the church across both sites. FINANCIAL REVIEW Flnancial position Saint Mary's continues lo operate, for the time being, under the charity name The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre and this has assisted in making gift aid claims under the pr&exisling accounts. Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 December 2025 FINANCIAL REVIEW Principal funding sources Grants Saint Mary's received 7 grants to support the chureh's work13 of which went towards Love Chrislmasl. In addition Saint Mary's received SMMIB funding from the Church Commissioners to go towards the Lodge Road building and staff costs. Giving In 2025 the planned giving was £416,901 lexcluding gift aid). In addition to this, we have various generous one off donations. The planned giving average has remained consistent throughout the year. Income The overall income in 2025 was £846,420 with expenditure of £813,196. Investment policy and obje¢tives The PCC hold5 those funds which are not in the Nalwest current account with the Central Board of Finance of the Church of England ICBFI. There are some long-lerm investments held in the form of CBF share investment accounts. Other investments and deposits as we continue to hold relate solely to restricted funds, including specific deposit accounts. Reserves pollcy and Golng Concern It is the PCC'S policy to maintain unrestricted and designated fund5 al a level that will enable the PCC to cover its ongoing direct charitable expenditure and its management and adminislralion costs. This should be at least three months, running costs. In 2025, the average monthly expenditure was £42,000., thus, the reserves should be al least £126,000. The trustees are of the view that the PCC is a going concern. Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 310ecember 2025 FUTURE PLANS 2025 has had an encouraging start with ministries at Lodge Road launching and the missional opportunities of the building and local area becoming more visible. LODGE ROAD Plans for the refurbishment continue, focusing on raising funds for the project and appointing the right professionals to drive the project forward. Some intermediary work will need lo be undertaken lo repair areas of the flat roof, and rewire the electrics, to ensure the building continues to be safe lo operate in. STAFFING In 2025 Emily Lury, Saints Kids, Families and Community Lead, will go on malemity leave and her maternity cover replacement has recently been appointed. Abielle Inegbenebho ha5 been an ordinand al Saint Mary's for the past 4 years and will be moving on to pursue her euracy at Lords Hill Church with Rev. Tom Boulter. As a result the role of Youth & Community Lead will be vacant from the end of May and her replacement has recently been appointed. Emily Stewart has also been an ordinand at Saint Mary's for the past 3 years and she will continue her curacy with Saint Mary's, moving into a full time role and remaining as Service Leader of Lodge Road. MINISTRIES The Meeting Place Lodge Road has been very encouraging, especially seeing local organisations and support workers inleracling with the sp8ce. The doors are open lo the local community and this has already begun lo result in friendships being formed, people asking for prayer, and a desire to engage with the wider activitie5 of the church. In April 2025 Saint Mary's took on the Eden Chaplaincy, after partnering with City Life church to see the ministry flourish. Eden is a non judgemenlal chaplaincy service operating within strip clubs in Southampton. The vision is lo see a chaplaincy in every club in every major city in the UK. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust and Constitutes an unincorporated charity. The Parochial Church Council of the Ecclesi85tical Parish of Southampton City Centre is a registered charity number 1126950. Recruitment and appointment of new trustees Members of the PCC are either ex-officio or elected al the Annual Parochial Church Meeting (APCMI in accordance with the Church Represen121ion Rules. Elected members serve for three years and approximately one third are elected each year, ensuring an appropriate element of continuity. Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees for the Year Ended 31 Dember 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Organlsatlonal structutè The PCC of the Ecclesiastical Parish of Southampton City Centre has the responsibillty of co operating with the Team Ministry in promoting in the ecdesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. 11 also has maintenance responsibilities for Saint Mary's and the Parish Office (135 Sl Mary Street). The PCC has one su¢0Mmittees. a Standing Committee as required by law, with powers lo transact business betsveen PCC meetings. Subject to the direction of the PCC. Induction and training of new trustees New members are briefed by existing members as appropriate and from time lo lime the PCC holds an away day to review its work and discuss future plans. Rlsk management The PCC was registered as a charity on 26 November 2008. As such no work on risk management has been undertaken. However, the major risks lo which the charity is exposed will be identified by the trustees and will be reviewed and systems or procedures established to manage those risks. Z?76 Approved by order of the board of trustees on by.. and signed on its behalf C E Delve- Trustee Page 10
Independent Examiner's Report lo the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre Independent examiner's report to the trustees of The Parochlal Church Councll of the Ecclesiastical Parish of Southampton City Centre I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Soulhamplon City Centre Ilhe Trust) for the year ended 31 December 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the A and in earrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5llbl of the Act. Independent examlner's statement - matters of concern identlfled Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I have completed my examination and have concerns that an adjustment was required pertaining to a prior year adjustment the nature of this has been disclosed in the notes of the financial statements. I am conlenl that the charity has pul in place sufficient financial control lo prevent this omission going forward and as such the independent examiner statement detailed above remains valued. I confirm that no other matters have come to my attention that give me cause lo believe that in any material respect.. a¢¢ounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not a¢cord with those records., or the accounts do not comply with the applicable requirements conceming the form and Content of accounts sel 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts lo be reached. Page 11
Independent Examiner's Report lo the Trustees of The Paroehi81 Church Council of the Ecclesiastical Parish of Southampton City Centre The following area of weakness was idenlified'.- Services rendered by any trustee musl be approved by the PCC board prior to taking place. Maven Accountants Limited The Institute of Chartered Accountants in England and Wales Maven Accountants Limited PO Box 1882 Soulhamplon Hampshire S015 9JZ Date.. Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Slalement of Financial Aelivilies for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds as restated Unrestricted Reslricled Endowment funds funds fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 606,699 176,695 783,394 739,123 Charitable activities Fees for Weddings & Funerals Church Activities 9,296 22,104 9,296 22,104 3,718 21,170 Other trading activities Investment income 18,511 13,114 18.511 13,114 22,131 115,931 Total 669,724 176,695 846,419 902,073 EXPENDITURE ON Charitable activities Fees for Weddings & Funerals Church Activities 1,593 749.706 656.198 156,998 813,196 Total 656,198 156,998 813,196 751.299 Net gainslllossesl on investments 1201 19641 {984} 551 NET INCOMEIIEXPENDITURE) 13,526 19,677 1964) 32,239 151,325 RECONCILIATION OF FUNDS Total funds brought forward A5 previously reported Prior year adjustment 137,791 74,786 211,973 24,123 373,887 74,786 297,348 11 As restated 212,577 211,973 24,123 448,673 297,348 The notes form part of these financial statements Page 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Statement of Financial Activities for the Year Ended 31 December 2025 31.12.25 Total funds 31.12.24 Total funds as reslaled Unrestricted Restricted Endowment fund5 funds fund Notes TOTAL FUNDS CARRIED FORWARD 226,103 231,650 23,159 480,912 448,673 The notes form part of these financial statements Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Statement of Financial Position 31 December 2025 31.12.25 Total fndS 31.12.24 Total funds as reslaled Unrestricted Restricted Endowment funds fund5 fund Notes FIXED ASSETS Tangible assets Investments 13 14 95,164 95,164 23,646 119,477 24.632 488 23,158 95,164 488 23,158 118,810 144,109 CURRENT ASSETS Debtors.. amounts falling due within one year Cash al bank 15 56.970 99,501 56,970 330,662 25,318 296,524 231,161 156,471 231,161 387,632 321,842 CREDITORS Amounts falling due within one year 16 125,532} 125,530) 117,278} NET CURRENT ASSETS 130,939 231,162 362,102 304,564 TOTAL ASSETS LESS CURRENT LIABILITIES 226.103 231,650 23,159 480,912 448,673 NET ASSETS 226,103 231,650 23,159 480,912 448,673 The notes form part of these financial slalements Page 15 continued...
THE PAROCHIAL CHURCH COUNCIL OF fHE ECCLESIASTICAL PARISH OF SOUTHAhnPTON CITY CENTRE Statement of Financial Position - continued 31 December 2025 FUNDS Unrestrieled funds Reslricled funds Endowment funds 18 226,103 231,650 23,159 212,577 211,973 24,123 TOTAL FUNDS 480,912 448,673 The financial slalement were approved by the Board of Trustees and authorised for issue on and were signed on ils behalf by.. B Thomas- Trustee C E Delve - Trustee The notes form part of these financial statements Page 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Slalements for the Year Ended 31 Dember 2025 ACCOUNTING POLICIES Basis of preparing the financfjal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, 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, with the exception of investments which are inclLJded 81 market value. Financial reportlng standard 102 - redu¢ed disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Seclion 7 Slalemenl of Cash Flows. Income All income is recognised in the Slalement of Financial Activities once the charity has entitlement lo the funds, It is probable that the Income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of e¢onomi¢ benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order lo write off each asset over ils estimated useful life. Moveable church furnishings - 10 years straight line Other fixtures, fittings, office equipment & Consumables - 4 years straight line Taxation The charity is exempl from lax on ils charitable activities. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the trustees. Page 17 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Slalements - continued for the Year Ended 31 December 2025 ACCOUNTING POLICIES - eontlnued und accounting Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of ea¢h fund is induded in the notes to the financial statements. DONATIONS AND LEGACIES 31.12.25 31.12.24 as restated Donatitsns Gift aid Grants 568,086 72,972 142,336 507,274 65,463 166,386 783,394 739,123 Grants received, included in the above, are as follows.. 31.12.25 31.12.24 as restated Lodge Road Staffing Grant Church Revitalisalion Trust Other Grants WDBF DIP Fund Lodge Road Launch Grant 46,800 40,883 4,702 49,951 25,798 28,787 9,500 25,165 77,136 142,336 166,386 Page 18 eonlinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 OTHER TRADING AcllviTIES 31.12.25 31.12.24 as restated Sales of goods & services Other trading income 18,511 22,130 18,511 22.131 INVESTMENT INCOME 31.12.25 31.12.24 as restated Rents received Deposit account interest Curr asset inv income Exceptional items 12,387 43 684 12,249 97 661 102.924 13,114 115,931 INCOME FROM CHARITABLE ACTIVITIES 31.12.25 31.12.24 as restated Activity Fees for Weddings & Funerals Fees for Weddings & Funerals Church Activities Fees for Weddings & Funerals 9,296 3,718 Church Activities Church Aelivities 14451 22,549 21,170 31,400 24,888 Page 19 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements - continued for the Year Ended 31 December 2025 CHARITABLE ACTIVITIES COSTS Support C051s (see note 71 Direct Costs Totals Church Activities 812,186 1,030 813,196 SUPPORT COSTS Governane costs Church Activities 1,030 TRUSTEES. REMUNERATION AND BENEFITS During the year the charity made the following transactions with trustees.. Emma Du Croz During the year Emma received remuneration of £36,936 12024.. £35,690) and employer pension contributions of £915 {2024." £8841 for her role as Operations director. Emma was not paid any ren7uneralion for her role as a trustee. Trustees. expense$ During the year the charity made the following transactions with trustees.. Holly Calto During the year amounts lotalling £120 were paid to Holly in relation lo car parking steward services. Peter Holt During the year amounts lotalling £100 were paid to Peter in relation to car parking stew8rd services Pa9e 20 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements - continued for the Yeai Ended 31 December 2025 STAFF COSTS Staff costs during the year were.. Wages and Salaries £283,52812024 '. £237,234}. No employee received emoluments of more than £60,000 during the year. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment funds funds fund Total funds a5 restated INCOME AND ENDOWMENTS FROM Donations and legacies 491,497 247,626 739,123 Charltable activities Fees for Weddings & Funerals Chur¢h Activities 3,718 18,524 3,718 21.170 2,646 Other trading activities Investment income 22,131 115,931 22,131 115,931 Total 651,801 250,272 902,073 EXPENDITURE ON Charitable activities Fees for Weddings & Funerals Church Activities 1,593 667,651 1,593 749,706 82,055 Total 669,244 82,055 751,299 Net gains on investments 540 551 NET INCOMEIIEXPENDITUREI 117,4431 168,228 540 151,325 RECONCILIATION OF FUNDS Total funds brought forward 230,020 43,745 23,583 297,348 TOTAL FUNDS CARRIED FORWARD 212,577 211,973 24,123 448,673 Page 21 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Slalemenls- continued for the Year Ended 31 December 2025 11. PRIOR YEAR ADJUSTMENT The pi'ior year adjustment relates to the correction of an gmitted bank account. The amount of the correction is £74,786, this impacts 'lncome from Donations & Legacies with the corresponding amount being included in "Cash al Bank" within the 2024 reslaled figures. The 2024 account$ are the earliest prior period presented in respect of this matter. 12. EXCEPTIONAL ITEMS The exceptional item in the comparative year relates to WDBF writing off the diocese loarn in consideration for the handing back of the parish office which has now relocated to Sl Mary's Street. This one-off exceptional item had no effect on the cash-flow of the church save for the repayment of the loan. The exceptional £102,924 is reflecting as an incoming resource bul it is a capital wrile-off and should not be relied upon as a resource or cash-flow of the church 13. TANGIBLE FIXED ASSETS Fixtures and fittings Motor vehicles Totals COST Al 1 January 2025 and 31 December 2025 227,139 7,995 235,134 DEPRECIATION At 1 January 2025 Charge for year 110,860 22,714 4,797 1,599 115,657 24,313 Al 31 December 2025 133,574 6,396 139,970 NET BOOK VALUE At 31 December 2025 93,565 1,599 95,164 At 31 December 2024 116,279 3,198 119,477 Page 22 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAFiISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements- continued for the Year Ended 31 December 2025 14. FIXED ASSET INVESTMENTS 31.12.25 31.12.24 restated Other 23,646 24,632 There were no investment assets outside the UK. Investments (neither listed nor unlisledl were as follows.. 31.12.25 31.12.24 as restated other investments 23,646 24,832 CBF Investment Funds 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 as restated Other debtors 56,970 25,318 Page 23 continued.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Slalements - continued for the Year Ended 31 December 2025 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 as reslaled Bank loans and overdrafts (see note 17) Taxation and social security Other creditors 3,198 4,208 21,322 14,080 25,530 17,278 17. LOANS An analysis of the maturity of loans is given below.. 31.12.25 31.12.24 as restated Amounts fallin9 due within one year on demand.. Bank overdrafts 3,198 Page 24 continLJed...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Fir)ancial Slalements - continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS Prior year adjustment Net movement in funds Al 31.12.25 At 1.1.25 Unrestricted funds General fund Designated - Support Fund Designated - Diocesan Staff Fund 131.787 4,167 1,837 74,786 13,526 220,099 4,167 1,837 137,791 74,786 13,526 22S,103 Restricted funds Restricted - Bishops Ordination Fund Restricted- Love Christmas Fund Restricted - Bridge The Gap Restricted - The Mary Sl John Restricted - Lodge Road Build Fund 278 4,933 3,969 509 202,284 278 21,194 6,326 489 203,363 16,261 2,357 1201 1,079 211,973 19,677 231,650 Endowment funds Endowment- The Russell Benecraft Legacy 24,123 1964) 23,159 TOTAL FUNDS 373,887 74,786 32,239 480,912 Page 25 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements- continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS- continued Nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund Designated Funds- Eden 663,774 5,950 {650.2481 15,950) 13,526 669,724 1856,198) 13,526 Restricted funds Reslricled - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted - The Mary Sl John Restricted - Lodge Road Build Fund Restricted - Love Your Neighbour 39,400 5,646 123,139) {3,289} 16,261 2,357 46,800 146,800) {201 1201 1,079 50,951 33,898 (49,872) 133,8981 176,695 {156,9981 {201 19,677 Endowment funds Endowment- The Russell Benecraft Legacy (964) 1964) TOTAL FUNDS 846,419 1813,196) 1984) 32,239 Page 26 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Slalements - continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS - ¢ontlnued Comparatives for movement in funds Net movement in funds At 31.12.24 At 1.1.24 Unrestrlcted funds General fund Designated - Support Fund Designated - Diocesan Staff Fund 224.231 3,952 1,837 (17,858) 215 206,573 4,167 1,837 230,020 {17,443} 212,577 Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Reslricled - Saints in the City Reslricled - The Mary Sl John Reslricled - Lodge Road Build Fund 278 9,438 2,785 4,797 497 25,950 278 4,933 3,969 {4,505} 1,184 14,7971 12 176,334 509 202,284 43,745 168,228 211,973 Endowment funds Endowment - The Russell Benecraft Legacy 23,583 540 24,123 TOTAL FUNDS 297,348 151,325 448,673 Page 27 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS - continued Comparative nel movement in funds, included in the above aFe as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund Designated- Support Fund Designated - Lordshill DIP Fund 626,261 375 25.165 {643,919} {1601 125,1651 {17,6581 215 651,801 1669,2441 117,443} Restricted funds Reslricled - Love Christmas Fund Restricted - Bridge The G8P Restricted - Lodge Road Staffing Fund Restricted- Saints in the City Reslrieled - The Mary St John Reslricled - Lodge Road Build Fund 23,561 4,285 {28,066) 13,101) 14,5051 1,184 25,798 19,491 125,798} 124,288) (4,7971 12 176,334 177,136 18021 250,272 {82,055) 168,228 Endowment funds Endowment - The Russell Benecraft Legacy 540 540 TOTAL FUNDS 902,073 1751,2991 551 151,325 Page 28 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS - ¢ontlnued A current year 12 months and prior year 12 months combined position is as follows.. Prior year adjuslmenl Nel movement in funds Al 31.12.25 Al 1.1.24 Unrestricted funds General fund Designated - Support Fund Oesignated - Diocesan Staff Fund 224,231 3,952 1,837 74,786 14,1321 215 294,885 4,167 1,837 230,020 74,786 13,9171 300,889 Restricted funds Restricted - Bishops Ordination Fund Reslricled - Love Christmas Fund Restricted - Bridge The Gap Restricted - Saints in the City Restri¢led - The Mary St John Restricted - Lodge Road Build Fund 278 9,438 2,785 4,797 497 25,950 278 21,194 6,326 11,756 3,541 {4,7971 {81 177,413 489 203,363 43,745 187,905 231.650 Endowment fund5 Endowment- The Russell Benecraft Legacy 23,583 14241 23,159 TOTAL FUNDS 297,348 74,786 183.564 555,698 Page 29 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements- continued for the Year Ended 31 December 2025 18. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund Designated- Support Fund Designated - Lordshill DIP Fund Designated Funds- Eden 1.290,035 11,294,167) 375 {1601 25,165 125,1651 5,950 {5,9501 14,1321 215 1,321,525 11,325,442) {3,91n Restri¢ted fund$ Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Reslricled - Saints in the City Restricted- The Mary Sl John Reslricled- Lodge Road Build Fund Restricted - Love Your Neighbour 62,961 9,931 (51,205} 16,390) 11,756 3,541 72.598 19,491 172,5981 124,2881 14,7971 181 177,413 19) 228,087 33,898 {50.674) (33.898) 426,967 (239,0531 {91 187,905 Endowment funds Endowment- The Russell Benecraft Legacy 1424) {4241 TOTAL FUNDS 1,748,492 11,564.495} 1433} 183,584 Page 30 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements- continued for the Year Ended 31 December 2025 19. EMPLOYEE BENEFIT OBLIGATIONS The Charity operates a defined contribution perksion scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted lo £5,379 12024'.£3,8741. 20. RELATED PARTY DISCLOSURES During the year the charity made the following transactions with trustees.. Holly Catlo During the year amounts tolalling £120 were paid to Holly in relation to car parking steward services. Peter Holl During the year amounts totalling £100 were paid to Peter in relation to car parking steward services Frog Consullanls LLP C Delve is a designated Member of Frog Consultants LLP. During the year services totalling £1,710 were purchased from the LLP. 21. NATURE & PURPOSE OF EACH FUND The specrfic purposes for which the funds are to be applied are as follows.. Designated funds.. Diocesan staff fund.. A fund to assist with staff salaries Facilities apprentice fLJnd". A fund lo facililale the cost of an apprentice Support fund.. A fund to support people who approach the Church for financial support Lordshill DIP Fund.. A fund lo support the launch of plant Lordshill church. Eden Fund - Supports the work of the Eden chaplaincy which offers a Christian chaplaincy service within strip clubs across the city. Restricted funds.. The Mary Williams Trust Fund is a small fund for maintenance al Sl Mary's Church Bishops Ordination Fund is a diocesan fund to 8ssisI ordinands in training Bridge The Gap is a fund that ereales football communities that connect young adults with view to developing friendships, leaders and transforming lives Love Your Neighbour {including Saints in the City) is a fund to enable our social action projects. Alpha fund is a fund for the city-wide advertising campaign lo promote Alpha Love Christmas fund is lo run a city-wide project at Christmas, delivering gifts to those in need Lodge Road build fund is funding received via the Diocese for staffing to develop Lodge Road Page 31 continued..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes lo the Financial Statements - continued for the Year Ended 31 December 2025 21. NATURE & PURPOSE OF EACH FUND- continued Lodge Road - staff fund is funding received via the Dio¢ese for st&ffing lo develop the Lodge Road community Endowment fund.. The Russell Benecraft Legacy, with a rnodest capital. The income from this fund is specffied as being for repairs and maintènance at Sl Mary's church. Page 32