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2025-12-31-accounts

Registered Charity: 1127534

ANNUAL REPORT & FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2025

TABLE OF CONTENTS

ADMINISTRATIVE INFORMATION ________ 1 ANNUAL REPORT _________ 2 INDEPENDENT EXAMINER’S REPORT _______ 13 FINANCIAL STATEMENTS ___________ 14

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

ADMINISTRATIVE INFORMATION

The Charity is called “The Parochial Church Council of the Ecclesiastical Parish of Saint Peter Farnborough”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St Peter's Farnborough". The Church is registered with the Charity Commission for England and Wales.

REGISTERED CHARITY NUMBER

1127534

REGISTERED OFFICE

60 Church Avenue, Farnborough, Hants, GU14 7AP

PROFESSIONAL ADVISORS

Bankers: National Westminster Bank PLC. 45 Park Street, Camberley, Surrey GU15 3PA Independent Examiner: Wyatt & Co Chartered Accountants, 125 Main St, Garforth, Leeds LS25 1AF Accountant: Jennifer Daplyn MIAB, RockSalt, 95 Highgate Lane, Farnborough, Hants, GU14 8AA

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

ANNUAL REPORT

BACKGROUND

The PCC of St Peter’s Church is an official, predominantly elected team that shares leadership responsibility with its Incumbent in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Peter’s Church campus and associated properties.

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The Parish of St Peter’s and the Parish of the Good Shepherd are a two-parish Group Ministry within the Aldershot Deanery of the Guildford Diocese. This is a commitment to support and co-operate in mission and has no financial obligations.

The Church Pastoral Aid Society is the sole patron of both Parishes. The PCC is registered with the Charity Commission.

MEMBERSHIP OF THE PCC

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. In 2025 the Parish elected two of the 15 PCC representatives with a three-year term. Three places for lay members remained vacant. The APCM was held on held on 30th April 2025 in the Church with four clergy and approximately eighty-five parishioners attending.

During the year the following served as members of the PCC.

Incumbent: Rev’d Timothy Bateman Clergy: Rev’d Richard Cobbold (until retirement at end of January) Rev’d Sarah Norbron Rev’d Ben Perkins (Associate Minister) (until transfer on 4 March) Rev’d Joshua Blunt (Associate Minister) (from induction on 20 November) Rev’d Janet Ruthven (Curate) Licensed Lay Ministers Representative: Mr Andrew Linn (reappointed at APCM 2024) Wardens: Mrs Margaret Taylor Mr Jonathan Coppock Diocesan Synod: Mr Simon Walker Deanery Synod: Mrs Catherine Fewings (from APCM 2023) Mr Jonathan Coppock (from APCM 2023)

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Mr Jonathan Kelly Mrs Yvonne Seagrave Dr David Rowell

(from APCM 2023) (from January 2025) (from APCM 2023)

Representatives:

Dr Leslie Bolton (Secretary) Dr Richard Brown Mrs Mandy Burgess Mrs Zillah Chester Mrs Helen Cole Miss Mary Davidge Mrs Susan Gaskell Mr John Kendall Mr Stephen Moores (Treasurer) Mr Matthew Riley Mr Paul Rogers Mrs Elizabeth Rowlandson Mr Neil Seagrave Mrs Yvonne Seagrave Mr David Shervington Mrs Virginia Winkworth

(from APCM 2023) (from APCM 2025) (from APCM 2024)

(to APCM 2025) (from APCM 2023) (from APCM 2025) (to APCM 2025) (from APCM 2024) (from APCM 2024) (from APCM 2024) (to APCM 2025) (from APCM 2024) (from APCM 2023) (until January 2025) (from APCM 2024) (from APCM 2024)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of election of the PCC members is as set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and the church leadership team endeavours to ensure that all congregations are represented on the PCC.

All PCC members are provided with up-to-date information on their responsibilities as trustees. All safeguarding training as required by the Diocese is undertaken online and all new members benefit from ‘on-the-job’ training while attending PCC meetings, sub-committee meetings and Deanery Synod meetings as appropriate.

Owing to the very large size of the PCC, a resolution was passed at the 2024 APCM which will see the number of elected lay members reduce from 15 to 12 over the next three years.

COMMITTEES

The PCC operates through several committees that meet between full meetings of the PCC.

STANDING COMMITTEE

This is the only sub-committee required by the Church Representation Rules. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It also keeps under review all PCC business matters and non-financial administration practices that are not the responsibility of any other subcommittee, agrees the agenda for PCC meetings, and prepares and

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

administers contracts of employment for PCC employees for ratification by the PCC. It has authority to approve spending up to £1,000 on any individual item of expenditure, subject to reporting at the next PCC meeting.

FINANCE COMMITTEE

The Finance Committee assists the PCC and Treasurer by managing the General Fund finances, including the creation and maintenance of financial policies (for approval by the PCC) and presentation of the approved accounts at the Annual Parish Meeting. The Finance Committee oversees all the other subcommittees’ financial transactions.

MISSION COMMITTEE

The Mission Committee manages mission activities (beyond the local mission of the congregation itself), encouraging members of St Peter’s to consider God’s call to support mission, assisting in the selection of those called, supporting them throughout their training, missionary career and eventual resettlement. It encourages an interest in Mission within the wider church family, keeping them informed. It manages the St Peter’s Mission Fund, which supports mission links and organisations financially.

SAFEGUARDING & RISK MANAGEMENT

A Risk Management policy is in place. The identification of risks and their management are devolved to the sub-committees and other groups who are most familiar with the detail of activities at their events (e.g. children’s groups, catering team). Risks are identified together with an owner, severity is assessed and the necessary countermeasures identified (often with reference to Diocesan documentation).

During the year the PCC reviewed Risk Assessments for new activities and major events, such as the Holiday Club and Light Trail.

The principal risks are in the areas of:

Our appointed Parish Safeguarding Officers have participated fully in the Diocesan initiative to strengthen Safeguarding practices through the development of an integrated Safeguarding Dashboard. This identifies all children’s, young persons’ and vulnerable adults’ activities, compliance

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

with safeguarding requirements and provides confidential tracking of any issues. The Dashboard is reviewed regularly at PCC meetings.

All of the current lay PCC members have completed the on-line safeguarding course required by the Diocese. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

OBJECTIVES AND ACTIVITIES

The primary objective of the PCC is to promote the gospel of our Lord Jesus Christ according to the doctrine and practice of the Church of England. The PCC consults with the Vicar on matters of general concern and importance to the parish, co-operates with the Vicar, the other clergy and the Church Leadership Team in promoting in the parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. There has been no change in the primary objective of the PCC during the year.

In 2025, the PCC’s primary priority was to continue advancing our vision of seeing “Every Life Transformed by Jesus”. Our values express our identity as a church that is Bold, Authentic, Generous, and Faithful.

To support this vision, the PCC focused on a number of key strategic objectives prioritising operational systems, the development of our Youth and Children’s Ministry, and outreach and engagement with those experiencing social deprivation.

PUBLIC BENEFIT

When planning the programme of activities for the year, the Vicar and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities for the advancement of religion by:

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

To facilitate these activities, it is important that we maintain the fabric of the Church and Centre buildings.

ACHIEVEMENTS & PERFORMANCE

CHURCH ATTENDANCE

The typical Sunday service attendance comprises around 290 adults and 80 children and young people.

Services on special occasions are considerably higher: there was a total attendance of 554 people at services on Easter Day, and 1104 on Christmas Eve and Christmas Day (though this may include some people attending more than one service).

There were 357 adults on the Electoral Roll at the time of the 2025 Annual Parochial Church Meeting.

VOLUNTEER ENGAGEMENT

The Church is overwhelmingly a volunteer organisation with a relatively small number of staff members. As Christians, we assert that the Church is the body of Christ in which we all serve one another and the society around us: ministry, of some sort, is for every one of us. So, while many activities have staff leadership or co-ordination, very few could exist without the deep engagement of a very large number of volunteers.

The number of people who volunteer regularly for one or more activities is very similar to the typical Sunday attendance: in February 2026, we were able to identify 262 individuals who perform at least one voluntary role requiring safeguarding checks on a regular basis. These people fulfil a very wide range of roles, including direct ministry roles (such as licensed and ordained ministers), leadership of children’s and youth work, pastoral leadership roles, and a broad array of practical supporting roles without which few of our activities could happen. We estimate that these identifiable roles amount to around 40,000 hours in a typical year, the equivalent of well over twenty additional full-time staff.

REVIEW OF THE YEAR

The PCC’s primary priority was to continue advancing our vision of seeing “Every Life Transformed by Jesus.” Our values articulate our identity and shape our life together as a church:

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

To support this vision, the PCC pursued several key strategic and operational objectives. These included ensuring long-term financial sustainability; recruiting to reappoint several key staffing roles; strengthening Health and Safety compliance; undertaking a comprehensive review of policies and governance; and implementing a new, church-wide Safer Recruitment policy and system.

A further strategic priority was the development of our Youth and Children’s Ministry. This included restructuring the ministry to establish The Rising Generations Team , enabling a more unified and cohesive strategy across our provision for under-18s.

The PCC also prioritised outreach and engagement with those experiencing social deprivation, including establishing a partnership with the Farnborough Foodbank.

During the year, the church community experienced the severe illness and death of a staff member, Natalie Briscoe (Assistant Caretaker). This was a time of deep sadness; however, the church demonstrated notable compassion and generosity of spirit in its support for her family and for one another.

KEY ACHIEVEMENTS FOR 2025

CHILDREN, YOUTH AND YOUNG ADULTS:

OUTREACH/SOCIAL DEPRIVATION:

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

PASTORAL CARE:

DISCIPLESHIP:

OPERATIONAL:

FINANCIAL REVIEW

2025 was generally a good year, financially, for the church. The budget initially set for the General Fund in 2025 envisaged a deficit of around £18k. The actual outcome was a surplus of around £41k. Good financial controls meant that the vast majority of expenditure items were on or under budget. The main deviations from budget were largely out of our control:

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

We don’t assume that we will get any legacies. We had a few prolonged vacancies which saved staff costs but put increased workloads on the remaining staff and volunteers. For several years, the church had not spent much on either of the two houses that we own. A review of both houses identified a large number of things that needed to be repaired or replaced – especially at St Peter’s House.

As usual, the vast majority of our income came from donations from the congregation. Donations were down slightly in 2025, compared with 2024. However, donations in 2024 were increased by an urgent appeal to stabilize our finances. The generally more benign financial forecast for 2025 meant that there was less urgency and so the fall in donations was not entirely unexpected. The continuing generosity of church members enabled the PCC to meet its normal commitments of running and maintaining the Church and associated activities and to increase reserves.

During 2025, we recognised that we had a lot of cash at NatWest which was paying relatively low rates of interest. We therefore conducted a review and during September we opened an account with a deposit platform called Insignis. This allowed us to move money to a range of other banks thereby reducing the capital risk in the event of a failure of any individual bank and improve interest income. All of our cash is now covered by the UK government deposit guarantee scheme. It is all held in Pounds Sterling and therefore not subject to foreign exchange risk.

The Church does not currently invest in any securities which are subject to capital risk. The Church owns two houses which are subject to capital risk – the normal house price market valuation risk. These houses are primarily held to provide accommodation for clergy working at the Church rather than for investment purposes. As only one house is currently occupied by clergy, the other one is rented out to generate rental investment income.

After some discussion with the Bellringers and the Cricket Club, we concluded that these were essentially financially independent activities, not a core part of the mission of the Church. Consequently, we concluded that the work involved by them in summarising their transactions and by us in incorporating their transactions into our consolidated accounts did not add any value. We have therefore removed these two funds from our accounts, writing down the Year End 2024 balances of these two funds to zero in the 2025 accounts.

RESERVES

The PCC does not aim to hold significant financial reserves on the grounds that our church members give their money to be used, not held. We do, however, monitor our cash position very closely and it is our policy to maintain a Reserves (Net Current Asset i.e. Cash at the Bank + Debtors – Creditors) balance of unrestricted funds in excess of three months (13 weeks) of critical expenditure. Critical expenditure covers staff costs and utility bills. The reserves are maintained in the Unrestricted General Fund to provide a buffer allowing any short-term shortfalls between income and required expenditure to be covered.

At 31st December 2025 the reserves comprised:

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

FUNDRAISING

Fundraising at St Peter’s comprises the receipt of voluntary donations and free-will offerings from members of the congregation, some of which are eligible for Gift Aid, together with income generated through grant applications to charitable trusts and other funding bodies. The church has not engaged any professional fundraisers or commercial participators as defined by section 58 of the Charities Act 1992.

The overwhelming majority of donations are received by direct bank transfers. Some donations are received through collection boxes at services, the contents of which are treated as part of worship and processed through the church’s regular financial controls. Information about the financial needs of the church is shared with congregations through periodic Vision and Giving presentations. In addition, a card payment facility is available at services to enable donations to be made electronically.

The church is aware of the guidance issued by the Fundraising Regulator and seeks to ensure that its fundraising activities are carried out in accordance with this guidance and recognised good practice. The church does not engage in persistent or intrusive fundraising practices and does not undertake any form of undue pressure or coercion in relation to giving, including in respect of vulnerable individuals. Fundraising is conducted in accordance with the church’s values, biblical and ethical principles.

No complaints were received during the year in relation to fundraising practices.

PAY AND REMUNERATION

The Key Management Personnel are considered to be the members of the PCC, who are the trustees of the charity. The arrangements for the pay and remuneration of Key Management Personnel are as follows.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

PENSION

Staff eligibility rules for automatically joining the church pension scheme are as defined by Government legislation for “Auto-enrolment”. For staff automatically enrolled, the PCC pay a pension contribution of 10% of salary (above the minimum 3% required). The contributions are charged to expenditure in the period they are due. Staff not automatically eligible may opt to join the pension scheme, but the PCC does not make any contribution to their pension.

MISSION FUND

The Mission Fund is a restricted fund (meaning that there are restrictions on how it can be spent) for giving to individuals and organisations in the mission field. We are thankful that during 2025, income to the fund increased to £76,336 in 2025, from £68,272 in 2024.

During 2025 we supported 9 individuals (our Link Missionaries) and 7 organisations – both at home and abroad – as listed in the accounts. The individuals and organisations that we support have all been selected by the Mission Committee, using the criteria as set out in the Mission Policy 2023. This includes doing due diligence on the organisation or individuals and presenting our findings to the PCC, so they can approve. In June we said farewell to Brendan and Jo (“BanJo”) as they completed their resettlement back in the UK, and in December we completed our support for Hector Antelo as he expected to relocate to Bolivia. We encourage you to read about our Missionaries on our website, and to share in their prayer needs each week in Mission News.

ACTS 435 FUND

The Acts 435 Fund is a restricted fund established to support the church’s charitable work in partnership with Acts 435, providing emergency short-term financial assistance to individuals in need. The fund is also used to support the work of other justice ministries, including CAP.

Following the opening of the church as a foodbank distribution centre at the beginning of 2025, there was a significant increase in applications to the fund. During the year, 34 applications were funded (2024: 13), reflecting the significant need within the community and the growing impact of the fund. Income of £7,312 (2024: £2,095) was received via the Acts 435 giving platform and directly into the church’s Acts 435 account to support approved applications, with support provided during the year totalling £6,873 (2024: £2,169). The remaining balance will be carried forward within the restricted fund to support future applications.

The year-end fund balance also includes donations received following the death of a member of staff, together with associated Gift Aid and interest earned. These monies are being held separately within the restricted fund and will be placed into a Junior ISA for the benefit of their child, to be accessed when they reach the age of 18.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

PLANS FOR THE FUTURE

In the years ahead, the PCC remains committed to supporting and resourcing the ministry of the church in pursuit of its objectives, as expressed through our Vision (‘Every life transformed by Jesus’) and Values (Bold, Authentic, Generous, Faithful).

A key strategic priority for 2026 is focussing on our strategic aim of discipleship, helped by the additional resource of a new Associate Vicar, particularly, but not limited to the areas of Evangelism, Home Groups, and Prayer, ensuring the effective outworking of our vision and values.

RESPONSIBILITIES OF PCC MEMBERS

The PCC members are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the PCC members to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the church and of its financial activities for that period.

In preparing those financial statements, the PCC members are required to:

The PCC members are responsible for keeping proper accounting records, which disclose with reasonable accuracy, at any time, the financial position of the church and enables them to ensure that the financial statements comply with the Charities Act 2011 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements that follow have been prepared in accordance with the Charities Statement of Recommended Practice 2015, Financial Reporting Standard 102.

This report was approved by the Parochial Church Council, on 22[nd] April 2026 and signed on their behalf by:

……………………………………………………..

Rev Timothy Bateman

PCC Chair

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

INDEPENDENT EXAMINER’S REPORT

I report to the trustees on my examination of the financial statements of the Parochial Church Council of St Peter’s Church Farnborough ('the charity') for the year ended 31 December 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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 charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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.

Nigel Wyatt BSC FCA Date: 07/05/2026 Independent Examiner 125 Main Street Garforth Leeds, LS25 1AF

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
NOTE UNRESTRICTED
FUNDS
2025
£
RESTRICTED
FUNDS
2025
£
TOTAL
FUNDS
2025
£
TOTAL
FUNDS
2024
£
Income from:
Donations and legacies
Charitable activities
Investments
Other Trading Activities
Other income
Total Income
4
Expenditure on:
Charitable activities
Governance costs
Total Expenditure
5
Net Income /
(Expenditure) before
other recognised gains
and losses
Transfers between funds
18
Gains / (losses) on
revaluation of fixed
assets
15
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 533,845
94,724
628,570
619,863
37,574
-
37,574
37,558
3,761
1,018
4,779
2,628
31,981
-
31,981
29,639
569
-
569
597
607,731
95,742
703,473
690,285
564,728
88,951
653,679
605,171
2,040
-
2,040
-
566,769
88,951
655,719
605,171
40,962
6,792
47,754
85,114
-
-
-
-
60,000
-
60,000
85,000
100,962
6,792
107,754
170,115
1,925,030
54,826
1,979,856
1,809,741
2,025,992
61,618
2,087,610
1,979,856

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

BALANCE SHEET BALANCE SHEET
AS AT 31 DECEMBER 2025
NOTE UNRESTRICTED
FUNDS
2025
£
RESTRICTED
FUNDS
2025
£
TOTAL
FUNDS
2025
£
TOTAL
FUNDS
2024
£
Fixed Assets
Tangible Fixed Assets
15
Current Assets
Debtors
16
Prepayments
16
Cash at bank and in hand
Short term deposit acc.
Creditors:amounts falling
due within one year
17
Net Current Assets
Total Assets less Current
Liabilities
Creditors:amounts falling
due after one year
Net Assets
19
Funds of the Charity
Restricted Funds
18
Unrestricted Funds
18
Unrestricted General
Revaluation Reserve
Designated Funds
Total Funds		 1,821,414
-
1,821,414
1,765,302
16,128
1,904
18,032
13,110
8,343
375
8,718
1,533
30,385
9,583
39,968
226,841
180,739
57,194
237,933
-
235,595
69,056
304,651
241,484
31,017
7,438
38,455
26,929
204,578
61,618
266,196
214,555
2,025,992
61,618
2,087,610
1,979,856
-
-
-
-
2,025,992
61,618
2,087,610
1,979,856
-
61,618
61,618
54,826
1,291,795
-
1,291,795
1,259,980
725,050
-
725,050
665,050
9,147
-
9,147
-
2,025,992
61,618
2,087,610
1,979,856

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

The financial statements were approved by the Parochial Church Council on 22[nd] April 2026 and signed on their behalf by:

……………………………………………………..

Stephen Moores

Treasurer

…………………………………………………….. Rev Timothy Bateman

PCC Chair

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

STATEMENT OF CASH FLOWS STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
TOTAL
FUNDS
2025
£
TOTAL
FUNDS
2024
£
Net cash provided by (used in) operating activities
47,635
95,569
Cash flows from investing activities:
Dividends, interest and rents from investments
4,779
2,628
Purchase of property, plant and equipment
(1,354)
(1,351)
Net cash provided by (used in) investing activities
3,425
1,277
Change in cash and cash equivalents in the year
51,060
96,846
Cash and cash equivalents at the beginning of the
reporting period
226,841
129,996
Cash and cash equivalents at the end of the reporting
period
277,901
226,841
Reconciliation of Net Movement in Funds to Net Cash Flow from Operating Activities
2025
2024
£
£
Net movement in funds for the reporting period (as per
the statement of financial activities)
107,754
170,115
Adjustments for:
Fixed Asset Depreciation
5,241
6,056
(Increase) / decrease in debtors
(4,922)
5,091
(Increase) / decrease in Prepayments
(7,185)
1,258
Increase / (decrease) in creditors
3,210
1,820
Increase / (decrease) in deferred income
8,317
(1,142)
Less Interest received
(4,779)
(2,628)		 47,635
95,569
4,779
2,628
(1,354)
(1,351)
3,425
1,277
51,060
96,846
226,841
129,996
277,901
226,841

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Less Asset Revaluation
Net cash provided by (used in) Operating Activities
Analysis of Cash and Cash Equivalents
Cash at bank and in hand
Short term deposits
Total cash and cash equivalents		 (60,000)
(85,000)
47,635
95,569
2025
2024
£
£
39,968
226,841
237,933
-
277,901
226,841

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

NOTES TO FINANCIAL STATEMENTS

1. BASIS OF PREPARATION

1.1 BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value, except for 2 of the PCC’s fixed asset properties, which are shown at market value.

These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (effective 1 January 2019) as the applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). The charity constitutes a public benefit entity as defined by FRS 102.

The church is a registered charity in England and Wales. The Trustees are the members of the PCC. Its registered place of operations is 60 Church Avenue, Farnborough, Hampshire, GU14 7AP.

1.2 GOING CONCERN

The Trustees consider the charity a going concern at the date of approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year.

1.3 FUND ACCOUNTING

PCC funds are required to be recorded and analysed under specific headings, as follows: General funds represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC. Designated funds are earmarked by the PCC for particular purposes but are nevertheless still unrestricted as the PCC can redesignate the funds if it wishes.

Restricted funds are funds donated or received for a particular purpose and cannot be used by the PCC for any other purpose except by agreement with the donor. The aim and use of each restricted fund is set out in note 19 to the financial statements.

The funds of the PCC have been appropriately recorded to comply with fund accounting principles and the Statement of Financial Activities has been prepared in accordance with this analysis.

1.4 ACCOUNTING REQUIREMENTS

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.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

2. ACCOUNTING POLICIES

2.1 INCOME

Income is recognised and included in the Statement of Financial Activities (SoFA) when:

Donations (including collections, planned giving, standing orders, and online giving) are recognised when received. Gift Aid is accounted for in the year in which the associated donation is recognised, provided there is a valid Gift Aid declaration.

Legacies are recognised when the charity is notified of an interest in the estate, receipt is probable, and the amount can be reliably measured. Where the value cannot be reliably estimated, the legacy is treated as a contingent asset and disclosed in the notes to the accounts until sufficient information becomes available.

Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. Income resources from charitable trading activities such as the letting of property are accounted for when invoices are drawn up (as at the point of entitlement).

Donated services and facilities are included at the value to the charity where this can be quantified. Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realized.

Volunteer time, the value of voluntary support for the work of the charity, is not included in the accounts but is described in the Trustees Annual Report. Interest is accounted for when receivable.

All incoming resources are accounted for gross. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

2.2 EXPENDITURE AND LIABILITIES

All expenditure and liabilities are accounted for on an accruals basis. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.

The diocesan parish share is accounted for when due.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Governance costs include costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

expenditure incurred on the strategic management of the charity. Governance costs are shown within ‘Analysis of Expenditure’, note 6.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources and the amount due to settle the obligation can be measured or estimated reliably.

2.3 ASSETS

Consecrated land and buildings and movable church furnishings

Consecrated or beneficed property is excluded from the accounts by Section 96(2)(a) of the Charities Act 1993. Movable 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 can be inspected (at any reasonable time). Inalienable property acquired prior to 1 January 2000 is not valued in the accounts. Items acquired since 1 January 2000 have been capitalized and depreciated in the accounts over their currently anticipated useful economic life, (initially over 4 or 5 years) on a straight-line basis. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £500 or on the repair of movable church furnishings acquired before 1 January 2000 is written off.

Other land and buildings

The Parish Centre is stated at historic cost. Residential properties are held under the revaluation model, valuations are periodically reviewed, and annual impairment assessments are performed. No depreciation is provided on freehold land and buildings. The PCC adopts a policy of maintaining all properties to a high standard, which prolongs their useful lives and enhances their residual values, and accordingly the PCC considers any depreciation arising or accumulated depreciation to date to be insignificant and immaterial.

Other fixtures, fittings and office equipment

Assets over the value of £500 are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows:

Debtors & Prepayments

Income tax recoverable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

2.4 PENSIONS

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

2.5 TAXATION

The charity is exempt from tax on its charitable activities.

2.6 FINANCIAL INSTRUMENTS

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.7 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

3. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

The following table provides the full Statement of Financial Activities for 2024, by way of comparison with 2025.

UNRESTRICTED
FUNDS
2024
£
RESTRICTED
FUNDS
2024
£
TOTAL
FUNDS
2024
£
Income from:
Donations and legacies
Charitable activities
Investments
Other Trading Activities
Other income
Total Income
Expenditure on:
Charitable activities
Total Expenditure
Net Income / (Expenditure)
before other recognised gains and
losses
Transfers between funds
Gains / (losses) on revaluation of
fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 543,197
76,667
619,863
36,141
1,417
37,558
1,894
733
2,628
29,639
-
29,639
597
-
597
611,468
78,817
690,285
536,273
68,898
605,171
536,273
68,898
605,171
75,195
9,919
85,114
-
-
-
85,000
-
85,000
160,196
9,919
170,115
1,764,834
44,907
1,809,741
1,925,030
54,826
1,979,856

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

4. ANALYSIS OF INCOME

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
TOTAL
FUNDS 2025
£
TOTAL FUNDS
2024
£
Donations and legacies
Collections
Donations
Gift Aid
Grants – Gvmt & local
authority (note 6)
Grants - Other
Legacies
Charitable activities
Events and activities
PCC Fees
Other Trading Activities
Parish Centre Room Hire
Lettings
Investment Income
Interest income
Other Income
Sundry
Total Income		 5,507
1,839
7,346
8,992
402,225
76,209
478,434
500,615
89,380
15,376
104,756
100,729
1,508
1,000
2,508
7,527
-
300
300
-
35,225
-
35,225
2,000
533,845
94,724
628,570
619,863
31,829
-
31,829
32,014
5,745
-
5,745
5,544
37,574
-
37,574
37,558
19,806
-
19,806
17,447
12,175
-
12,175
12,192
31,981
-
31,981
29,639
3,761
1,018
4,779
2,628
3,761
1,018
4,779
2,628
569
-
569
597
569
-
569
597
607,731
95,742
703,473
690,285

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

5. ANALYSIS OF EXPENDITURE

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
TOTAL
FUNDS 2025
£
TOTAL FUNDS
2024
£
Charitable activities
Diocesan Parish Share
Staffing (notes 10 & 11)
Grants (note 14)
Church Activities
Total expenditure on
Charitable activities
Support Costs
Repairs & Maintenance
Staffing
Utilities
Admin & Finance
Depreciation
Training
Total expenditure on
Support costs
Other
Transfers (note 21)
Total Other
expenditure
Total Expenditure		 147,388
-
147,388
141,481
137,235
1,424
138,659
166,955
4,506
79,500
84,006
71,248
35,516
4,239
39,755
37,539
324,645
85,163
409,808
417,223
79,008
-
79,008
28,269
57,157
58
57,215
61,535
52,281
20
52,301
54,064
45,809
1,302
47,111
37,683
5,241
-
5,241
6,056
2,627
-
2,627
341
242,123
1,379
243,503
187,948
-
2,409
2,409
-
-
2,409
2,409
-
566,769
88,951
655,719
605,171

The presentation of the analysis of expenditure has been revised compared with the prior year financial statements. The categories have been reworked to improve clarity and provide a more meaningful breakdown of costs. As a result, the comparative figures may not be presented on exactly the same basis as in the previous year’s accounts.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

6. ANALYSIS OF RECEIPTS OF GOVERNMENT GRANTS

2025
£
2024
£
Listed Places of Worship Grant
Closed Churchyard Maintenance Grant
(Rushmoor Borough Council)
Pride In Place Grant for mid-week kids
& youth groups (Rushmoor Borough
Council)
Supporting Communities Grant for
Foodbank set-up (Rushmoor Borough
Council)		 659
1,309
849
1,217
-
5,000
1,000
-
2,508
7,527

7. VOLUNTEERS

The church benefits greatly from the voluntary contributions of time and money by members and regular attendees. Please refer to the trustees’ report for further details about volunteer contributions in the organisation.

8. FUNDS RECEIVED AS CONDUIT / AGENT

Funds received on behalf of another organisation or individual are not recognised as income belonging to the Charity and as such are not included in the Statement of Financial Activities and Balance sheet.

These funds are passed on to their intended recipient as soon as is possible. Where a balance is held at the end of the period, this is due to the timing of the transaction occurring close to the end of that period.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

In 2025 St Peters acted as conduit for the following funds:

DESCRIPTION
RELATED
PARTY
(YES/NO)		 2025
BALANCE HELD
AT PERIOD
START
£
AMOUNT
RECEIVED
£
AMOUNT
PAID
OUT
£
BALANCE
HELD AT
PERIOD END
£
Christmas Collections
(to be distributed to
nominated charities)
N
Cancer Research
coffee morning
N
Macmillan coffee
morning
N
Women’s Fellowship
(donations to
nominated charities)
N
St Paul’s Ealing (DY
Kenya Mission Trip)
N
Gifts to individuals
N
Guildford Diocese -
Wedding & Funeral
Fees
N
Wedding & Funeral
Fees - Audio
N
Wedding & Funeral
Fees - Bellringers
N
Wedding & Funeral
Fees – Media
N
Wedding & Funeral
Fees – Musicians
N
Wedding & Funeral
Fees - Organist
N
Wedding & Funeral
Fees – Other
expenses
N		 820
1,439
1,769
490
-
1,839
1,839
-
-
2,076
2,076
-
58
294
283
69
-
890
890
-
580
1.298
1,878
-
1,183
4,088
4,053
1,218
-
210
210
-
-
460
460
-
-
730
580
150
-
450
150
300
-
2,405
1,985
420
-
219
219
-
2,641
16,397
16,391
2,647

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

9. INDEPENDENT EXAMINATION FEES

Fees payable to the Independent Examiner for independent examination were:

2025
£
2024
£
Independent Examiner’s Fees
Corporation Tax return*		 2,052
1,980
-
-
2,052
1,980

*St Peter’s is not required to complete a Corporation Tax return annually. Returns are completed as requested, as part of HMRC’s programme of reviewing & checking Charity accounts.

10. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025
£
2024
£
Salaries & Wages
Social security costs
Employer contributions to pension
plans
Other employee benefits
Total Employment Costs
Staff expenses & other costs
Total Staff Related Costs		 163,153
190,951
5,357
8,449
16,879
22,326
135
1,230
185,524
222,958
10,351
5,533
195,875
228,491

Average head count in the year: 11 (2024:12)

No employees received salaries at a rate of more than £60,000 per annum.

Staff costs also include an Associate Minister. Ben Perkins was in post as the Associate Minister from the beginning of the year up to the 3[rd] March 2025. The post was then vacant until Joshua Blunt started as the Associate Minister on the 20[th] November 2025. The Associate Minister is employed by the Diocese of Guildford and recharged to St Peter’s. These costs are invoiced separately and are not included in Parish Share payments.

The Vicar is employed by the Diocese of Guildford and not by St Peter’s so their costs have not been included in the staff costs shown above but are accounted for in the Parish Share payments to the Diocese of Guildford.

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

There were no ex-gratia or redundancy payments in 2025, (2024: £6,602 to 1 member of staff on termination of employment).

11. KEY MANAGEMENT PERSONNEL

The charity considers its key management personnel to be the members of the PCC, who are the trustees of the charity. Total remuneration and benefits paid to Key Management Personnel (including employer national insurance and pension contributions) was £21,636 (2024: £59,158).

12. TRUSTEE REMUNERATION, EXPENSES AND DONATIONS

During the financial year two trustees (2024: 2) were employed by St Peter’s and their remuneration / benefits are shown below. There are no outstanding balances or amounts written off during the year.

(2024: Remuneration to members of the PCC employed by St Peter’s also included £5,823 to Sarah Jones, Operations Manager).

These payments are permitted under s185 of the Charities Act 2011.

Ten trustees received payments for expense claims during 2025 (2024: 13). These expenses are mainly related to ministry costs for providing church activities and repairs and maintenance of St Peter’s properties. The expenses reimbursed to trustees during the year totalled £4,926 (2024: £8,804).

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

TYPE OF EXPENSES REIMBURSED 2025
£
2024
£
Church Activities
Repairs & Maintenance
Staffing
Training
Running Costs
Grants
Office Support		 2,536
5,559
1,425
2,102
433
566
341
57
191
390
-
73
-
57
4,926
8,804

During the year members of the PCC gave a total of £89,229 (2024: £103,013) in unrestricted offerings and donations and £11,050 (2024: £12,890) to the Mission Fund, excluding any Gift Aid recovered.

13. RELATED PARTY TRANSACTIONS

The following were connected to trustees or key management personnel of St Peter’s:

TRUSTEE OR KMP RELATED TRANSACTIONS
Rev Ben Perkins Beth Perkins (spouse) was an employee of
St Peter’s up to 16 February 2025. Total employment costs
for Beth in 2025 were £4,505(2024: £30,995).
Rev Janet Ruthven Brian Ruthven (spouse) was an employee of St Peter’s. Total
employment costs for Brian in 2025 were £2,420. (2024:
£2,359).
Paul Rogers (up to 30thApril Helen Rogers (spouse) was an employee of St Peter’s. Total
2025) employment costs for Helen in 2025, up to 30 April 2025
were £3,221(2024: £9,284).
Dr Leslie Bolton The Mission Committee made grant payments totalling
£5,180 to support Peter Bolton (son) at Fusion UK (2024:
£2,100).

Page 30

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Financial support of £456 (2024: £1,529) made to St Peter’s Church of England Aided Junior School. Rev Tim Bateman Tim was a governor of the school in 2025. Janet Ruthven Janet was a governor of the school in 2025. Margaret Taylor Margaret was a governor of the school in 2025. John Kendall Brioney Kendall (spouse) was an employee of the school in 2025.

Elizabeth Rowlandson Elizabeth was an employee of the school in 2025, up to 31 August 2025. Elizabeth became a governor of the school in September 2025. Jonathan Kelly Emily Kelly (spouse) was an employee of the school, up to 31 August 2025.

14. GRANTS

The following grants equal to or over £1,000 were made in the year:

2025 2024
£ £
Institutions
Christians Against Poverty 3,600 3,600
The Triangle 2,550 3,000
Emerge Advocacy 1,500 3,000
Emmanuel International 1,200 1,200
CORD 1,000 1,000
Open Doors 1,000 1,000
SASRA 1,000 1,000
The Source 1,000 1,000
St Peter’s School 456 1,529
Individuals
N A Pease (Stewardship) 11,900 11,400
Military Ministries International (G
Stoevski)		 7,300 6,600
Latin Link (M&H Frost) 7,100 6,600
Crosslinks (J&J Miller) 7,100 6,600
PAK7, A Hart (Stewardship) 7,100 6,600

Page 31

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Fusion UK (P Bolton)
Wavemakers (S Japitana)
Pioneers UK (H Antelo)
Grace Church Cambridge / Serving
in Mission (J&B Beaton)
Confidential gifts made to
individuals (over £1,000)
Other Grants (£1,000 or less)
Institutions
Individuals		 5,180
2,100
4,000
4,700
3,600
3,600
1,925
3,300
7,035
-
450
1,250
1,137
-
77,133
69,079

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

15. TANGIBLE FIXED ASSETS

FREEHOLD LAND
& BUILDINGS
£
EQUIPMENT
£
TOTAL
£
Cost or Valuation
At 1 January 2025
Additions
Revaluations
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Depreciation Charge
Released on disposal
At 31 December 2025
Net Book Value
At 1 January 2025
At 31 December 2025		 1,756,863
157,977
1,914,840
-
1,354
1,354
60,000
-
60,000
-
(4,315)
(4,315)
1,816,863
155,016
1,971,879
-
149,538
149,538
-
5,241
5,241
-
(4,315)
(4,315)
-
150,464
150,464
1,756,863
8,439
1,765,302
1,816,863
4,551
1,821,414

The gross book value of freehold land and buildings consists of the Parish Centre with a cost of £681,863 and St Peter’s House and 14 Wilton Court, with a combined value of £1,135,000. The two clergy houses were valued by Michael Usher Sales & Lettings, estate agents and valuers on the basis of fair market value at 31 December 2025.

16. DEBTORS

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2025
TOTAL
£
2024
TOTAL
£
Gift Aid recoverable
Other debtors
Prepayments		 7,100
1,159
8,260
6,317
9,028
745
9,773
6,793
8,343
375
8,718
1,533
24,471
2,279
26,750
14,643

Page 33

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Debtors recoverable in more than one year (included in debtors above):
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2025
TOTAL
£
2024
TOTAL
£		 Debtors recoverable in more than one year (included in debtors above):
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2025
TOTAL
£
2024
TOTAL
£
Debtors -
745
745
857
-
745
745
857

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2025
TOTAL
£
2024
TOTAL
£
Accruals for grants
payable
Taxation and social
security
Other creditors
Deferred income		 -
7,034
7,034
1,073
3,812
-
3,812
2,235
12,941
404
13,345
17,674
14,264
-
14,264
5,947
31,017
7,438
38,455
26,929

Deferred Income in 2025 is made up of:

Deferred Income in 2024 was made up of:

Movement in deferred income:

Movement in deferred income:
2025
£
2024
£
Balance at the start of the year
Amounts added in current period
Amounts released to income from
previous periods
Balance at the end of the reporting
period		 5,947
7,090
14,264
5,947
(5,947)
(7,090)
14,264
5,947

Page 34

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

18. ANALYSIS OF CHARITABLE FUNDS

Current year – 2025

AT 1 JAN
2025
£
INCOME
£
EXPENDITURE
£
TRANSFERS
£
GAINS &
LOSSES
£
AT 31 DEC
2025
£
Unrestricted
funds
General
Revaluation
Reserve
Designated funds
Vicar & Wardens
Discretionary
fund
Unrestricted
Total
Restricted funds
General –
Restricted
Mission
Acts 435
Parish Building
Bellringers
Cricket Club
Restricted Total
Total Funds		 1,259,979
607,529
(565,714)
(10,000)
-
1,291,794
665,050
-
-
-
60,000
725,050
-
201
(1,054)
10,000
-
9,147
1,925,029
607,731
(566,769)
-
60,000
2,025,991
4,477
3,175
(5,980)
-
-
1,671
10,182
76,336
(66,050)
-
-
20,468
374
15,407
(14,496)
-
-
1,285
37,385
826
(16)
-
-
38,194
2,069
-
(2,069)
-
-
-
338
-
(338)
-
-
-
54,826
95,742
(88,951)
-
-
61,618
1,979,856
703,473
(655,719)
-
60,000
2,087,610

Page 35

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Previous year – 2024

Previous year – 2024
AT 1 JAN
2024
£
INCOME
£
EXPENDITURE
£
TRANSFERS
£
GAINS &
LOSSES
£
AT 31 DEC
2024
£
Unrestricted
funds
General
Revaluation
Reserve
Designated funds
Vicar & Wardens
Discretionary
fund
Unrestricted
Total
Restricted funds
General –
Restricted
Mission
Acts 435
Parish Building
Bellringers
Cricket Club
Restricted Total
Total Funds		 1,184,784
611,468
(536,273)
-
-
1,259,979
580,050
-
-
-
85,000
665,050
-
-
-
-
-
-
1,764,834
611,468
(536,273)
-
85,000
1,925,029
-
6,375
(1,898)
-
-
4,477
5,426
68,272
(63,516)
-
-
10,182
457
2,095
(2,178)
-
-
374
36,607
778
-
-
-
37,385
2,124
910
(965)
-
-
2,069
293
387
(342)
-
-
338
44,907
78,817
(68,898)
-
-
54,826
1,809,741
690,285
(605,172)
-
85,000
1,979,856

Page 36

PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Fund Transfers Description

Set-up Vicar & Wardens fund as per June 2025 PCC meeting

From To Amount General Vicar & Wardens £10,000 Discretionary Fund

Fund Descriptions

Designated Funds Vicar & Wardens Discretionary fund

Designated fund for the Vicar & Wardens’ discretionary use.

Restricted Funds General -Restricted Fund opened in 2024 for restricted donations and grants awarded, for use towards direct and indirect costs associated with providing Church Activities. Mission Fund Funds raised by parishioners for the express purpose of giving away to Mission. Acts 435 Funds received in partnership with the separate charity Acts 435 for distribution to people who are in need. Parish Building Fund Fund to finance specific expenditure related to the buildings of the Parish, which support the Vision of the Parish, including new builds, refurbishment and repair but excluding planned regular maintenance. Bellringers & Cricket Club These are funds held by the various Church Groups for the purposes specified.

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current year - 2025

Current year - 2025
UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2025
TOTAL
£
Fixed Assets
Debtors
Prepayments
Cash at bank and in hand
Creditors: amounts falling due
within one year		 1,821,414
-
1,821,414
16,128
1,904
18,032
8,343
375
8,718
211,124
66,777
277,901
(31,017)
(7,438)
(38,455)
2,025,992
61,618
2,087,610

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PAROCHIAL CHURCH COUNCIL OF ST PETER’S CHURCH FARNBOROUGH

Previous year - 2024
Fixed Assets
Debtors
Prepayments
Cash at bank and in hand
Creditors: amounts falling due
within one year		 UNRESTRICTED
FUNDS
£
RESTRICTED
FUNDS
£
2024
TOTAL
£
1,765,302
-
1,765,302
11,551
1,559
13,110
533
1,000
1,533
173,256
53,585
226,842
(25,611)
(1,318)
(26,929)
1,925,030
54,826
1,979,856

20. TRANSFER OF NET ASSETS

On 1 January 2025, the net assets relating to the Bellringers and the Cricket Club were transferred to their respective groups. From this date, these balances no longer form part of the charity’s funds and have been removed from the statement of financial position.

As part of this transaction the following items were transferred out of the charity’s control and operation to each group:

Transfer to the Cricket Club

Transfer to the Bellringers

The transfer was accounted for as expenditure, shown under ‘Other; Transfers’ in Note 5 – Analysis of Expenditure.

Page 38