Parish of St Mary's, Shalford with St Michael's, Peasmarsh Trustees Annual Report & Unaudited Financial Statements of Shalford PCC Year Ended 31st December 2025 Page Contents Admin istrative Information Tru5tee5 1"epoi-t Independent Examiner's Report Statement of Financial Activitie5 ISOFAI Balance Sheet Notes to the Financial Statements io li
5halford PCC Parlsh of St Mary's Shalford with St Michael's Pea5marsh Year ended 31 December 2025 Administrative Information documcnt i- preparcd by thc Parochial Church Council of thc Ecclc5ia5tical Parish of Shalford (known as 'Shallord PCC'I in the Diocese of Guildford within the Church ol England. The Parish of Shalford includes the churches of St Mary the Virgin, Shalford (known as 'St Mary's Shalford'l and St Mlchael's, Peasmarsh, Vicar and Incumbent.. Registered Charity Number.. Bankers.. Vacant 1128468 Lloyds Bank, 147 High Street, Guildford GU13AG Royal Bank of Scotland,1 Hardiiian boulevard, Maiiclie5ter M3 3AQ Skipton Building Society, The Bailey, Skipton North Yorkshire BD23 IDN Independent Examiner.. A J Bennewith & Co, 18 Farnham Road, Guildford GUI 4XA St Mary's Church is situated in the village of Shalford, in Church Close, The Street, Shalford GU4 8BP, and ils daughter church, St Michael's Church, is in the neighbouring village of Peasmarsh. The correspondence address is The Vicarage, East Shallord Lane, Shalford, Guilcllord GU4 8AE. The PCC is registered with the Charity Commission Icharity number 11284681 under the name, The Ptlrochial Church Council of the Ecclesiosticol Parish of Sholford in the Diocese of Guildford bLJt is known, and hereafter referred to, as Shalford PCC The following have served on the Parochial Church Council IPCCI from l January 2025 until the date this report was approved, unless otherwise indicated: The Reverend Sarah Lloyd Incumbent and chair of PCC. Resigned 25 September 2025 Ann Hyde Churchwarden CliurLIIwdid¥(I IIIUITI 28 Svle{liL)[ 20251 diid duiTriiLi()11s urriLVI Representative on Deanery Synod and Deputy Churchwarden Parish Safeguarding Officer Treasurer Churchwarden. Resigned as Churchwarden 31 july 2025 Representative on Deanery Synod (from 28 May 20251 and Sacristan Resigned from PCC arhd as Deanery Synod Representative 9 january 2026 PC_C_-£g.r.rg.txry Susan Odell John Simpson Chris Hughes Harriet Morris Sheila Pickering Virginia C_nx lacqui Oavies Carolynne Spooner Deputy Churchwarden lan farr lan Barklem CaroSine Boor As51Stant Churchwarden Asslstant Churchwarden Members of the Fabric and Finance Committee (Standing Commilleel
5halford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Trustees Report Objectives, Activities, and Public Benefit The Parochial Church Ctsuncil I'PCC'I 15 3 body corporate established by the Church of England. The PCC has the rc5POn5i bility of cooperating with thc incumbcnt in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is committed to enabling people to grow in discipleship, worship, to find h05Pltality, 53nctuary and support throLl8h the churches of St Mary's and St Michael's, and to s&rve 3t the heart of the community to all in tho p>rish of Shalford with Peasmarsh. The PCC seeks to enable all people of all ages to feel included,. to enable as many people as possible to worship at our church, in all their diversity, and in a range of worship patterns offered. Our services and worship Seek to enable people to put faith into practice through prayer and sCI"IPture, Imu3ic and 3acranieiit. When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charitie5 tor the advancement of religion. We hope lo give space and encouragement for people to live out their faith a5 part of our parish community through.. Worship, prayer, loving service, hospitality and growing in discipleship Encouraging learning about the gospels, and deepening relationship with jesus Christ Provision of pastoral care, enabling belonging by building community and relationships for all people living in the parish Life event5-funer31s, baptisms, and weddings for all Growing community- working with our schools, care home5, hospice, local groups, councils and buynesses. Mlsslon and outreach work The PCC is also specifically responsible for the maintenance of the church buildings of St Mary's Shalford, and St Michael's Peasmarsh, and St Michael's Peasmarsh Hall. It hès responsibility for the financial affair5, the maintenance and the appropriate insurance of the church buildings, churchyards, and goods and ornaments thereof. The PCC meets reRularly and is assisted by a considerable amount of teamwork. which is essential in the smooth operation of St Marv'5 and Sl Michael's. Public benefit - As the Parish Church for Shalford, St M3ry's is open for 211 to visit every day. The church is at tho heart of our communit¥. It is an active church with a wide age range, aiming to show the love of Christ through all we sav and do. There is a rich variety of services offering a variety of forms and ways of worship ranging from.. Common Worship Holy Communion I nformal 2. Sunday All Age Contemporary Café Church Lay Led Worship Occasional Choral Evensong Some of these worship forms have not been FIOSSible since we entered vacancy in September 2025. We intend to re- instate them once the vacancy has been filled. The Parish Safeguarding Off icer IPSOI, vicar, churchwardens, full PCC and Church community take safeguarding very seriously. We continue to work very hard to make everybody in the Church aware that everyone is responsible for safeguardins. Our PSO and the PCC focus on er15uring people in all roles are up to date with their necessary safeguarding training and attentive to reporting, We have visible notice5 on good safeguarding practices around the Church, to try to ensure the Church is a safe 9pace for all.
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Trustees Report Acliieveinents and Peifof tn(IllLV iri 2025 Worship Attendance has remained steady and encouraging at the regular Sunday and midweek services. The service on Easter Day and the ca rol service, nativity play and Christmas day serviccs are popular and were all very well attended, The Church wa5 also full for the Remembrance Service held in November. Many from the parish attended the Sunday service and lunch held in September for our vicar, the Reverend Sarah Lloyd, who left to be vicar of St Michael and All Angels church in Yeovil. Sarah achieved a huge amount in her time with IJE %hp intrndijrpd m2ny n?w iAp2R intn r.hiJrrh <prvir9< 2nd intn all thp m2ny nthor 3rtivitie5 that take place in St Mary's Church. She also made the Church a hub for the whole community in Shalford and Peasmarsh. Sarah is greatly missed and we wish her all success al St Michael and All Angels church in Yeovil. Since Sarah,. dcparturc many of the 5eNicc5 h3ve been taken by Canon Angela 8nd the Reverend Michael who are retired priests living in the Parish. Huge thanks to both of them for all they are doing since we entered the vacancy in September. Learning St Mary's small groups has been an area of growing discipleship ancs fellowship. Four Eroups meet regu13rly throughout the year. Each group has evolved to match the needs and faith journeys of those in the group. Pastoral care Pastoral care remains at the heart of St Mary's life and ministry. Members of the pastoral care team make monthly visits to take services in Mill CoLirt and Giiildford HoLlSe, the two care homeg in the parish. There is constant home and care home visiting by pastoral Care visitors to tho%e who are struggling, isolated, sick or bereaved. Life e¥ent5 During the year there were 7 baptisms, I weclding arbd 11 funeral5. ommunity The Parish of Shalford with Pea5m3rsh has continued to work with the Mill Court and Guildford House care homes as well as the Shalford Infant & Nursery School. Close contact has been mèintained with Christophers (Shooting Star Children's Hospices) as well as local group5, councils and bu5ines5es. St Mary's Church is a150 used on a regular basis by many groups in the local community. These include, 3C's coffee morning (coffee. cake and conversation), Parent and Toddler group. Shalford Guides and Brownies, Shalford Pilates, Acorn History, Guildford Women's Fellowship and the St Mary's bell-ringing team. Events held regularly in the Church included Shallord Village Cinem3 and Men'5 Breakf35t. There were a150 a number of one-oll events such as the Big 8arn dance and a concert by the Marianne Windham jazz trio. We continue on our Gold Eco ChLJrch journey and hope to install a heat pump and remove our gas boiler as part of the building work on the kitchen and toilet block. 51idlfvrd PCC pruduivs tli¥ SlidlluFd P(Iiis11 rTldgdzifie wliiili is rvieived ITlUlltlily by 5ub5cribers wlih three Issues each year being delivered free to everyone in the parish,
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year endpd 31 Dp.c.p.mhpr 2025 Trustees Report Achievements and Performance in 2025 Icontinuedl St Mary's Church Building The 2023 Quinquennial Inspection of the church revealed that some urgent repairs were required. During 2024 and 2025 A grnLJP of pari%hinnp.r£ workpd with nur xrchitpc.t and a prnfp.s%innAI fiindraispr tn plan hnw tr) rarry nijt Anrl p2V for these repairs. Phase I will include masonry repairs and recovering the spire. Phase 2 will slabilise the block which includes the kitchen and toilets. Structure, Governance & Management Statement of Trustees, Responsibilities.- The trustees are responsible for preparing the Tru5tec5' Rcport and Financial Statements in accordance with the applicable laws and the Financial Reporting Standard applicable in the UK and the Republic ol Ireland IFRS 1021 (effective l January 20191, and Statement of Rècommended Practice ISORP 20191, Thp IAW applicahlp tn rh2ritip.E in FnglRnd X WRlpq rpqijirps th? triJqtpp4 tn proparp Fin2nriAI Stltpmpnts fnr parh finantial yea r which give a true and fair view of the state of affair5 of the charity and of the incoming re50urce5 and application of resources of the charity for that period. In preparing these Financial Statements, the trustees are required to.. al Select suitable accounting policies and apply them consistently. bl Observe the methods & principles in the current Charities Statement of Recommended Practice ISORPI cl Make judgmenis and estlmare5 thai are reasonable and prudeni. dl Stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements. The trustees are responsible for keeping sufficient accounting records that di5c105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charitie5 Act, Charity Reporting and Accounting Guidance, and the provisions of the tru51 deed. They are also responsi ble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraiid and other irregLilarities. rhe PCC.. The method of appointment of PCC Menibers 15 set out in the Church Representatioii Rule3. The iiieinber51iip of tlie PCC consists of the incumbent Ithe vicar), churchwardens, those co-opted by the PCC until the next APCM, and PCC members elected by those members of the congregation who are on the electoral roll ol the church. All mem bers of the congregation and others are encouraged to register on the Electoral Roll and stand tor election to the PCC. The full PCC met seven times during the year, with Church team meetings Isee below) meeting in the months between. The PCC conduct5 mvch business via emails too, and at PCC meetings received reports in areas including Safeguarding, Worship, Children's Ministry, Pastoral Caie, Deanery Synod, Fabric, Finance, Global & Social Justice, Eco Church, and Discipleship. Minute5 of PCC meetings are keot in the vestry, as well as on the Vicar and PCC Secretary's computers.
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Trustees Report Structure, Governance & Management Icontinuedl Churrh T¥fjrn5.- The PCC has a number of 'church Teams, each dealing with a particular aspect of parish life. Although there is no formal delegation of authority set up. these teams are all responsible to the PCC and report back to it regularly with some members also beir)g members of the PCC. St Mary's Church Teams currently are.. Mission, Worship & Discipleship Team Fabric & Finance Team safeguarding Team toral Carc & Ho:pitJlity Tcam Young St Marf s I Children & Families Team levolvinEI Eco Champions Team Idormantl Deonery Synod.. The Parish of Shalford is part of the Deanery of Guildford, in the Diocese of Guildford. Sue Odell was a Deanery Synod representative throughout the period. Sheila Pickering served 35 a Deanery Synod representative from 28 May 2025 until her resignation on 9 January 2026. Employees.. The PCC are responsible for employing staff to undertake key roles in the Church, mindful of the Parochial Church Councils Ipowersl Measure 1956, 5t3tutory employment legislation and other CLJrrent Church of England Guideline" St Mary's Church employed the following in 2025.. a Parish Administrator- Pait-time and a Director of Music- Part-time. Financial Review Summary Overall, the f inancial position in 2025 was challenging due mainly to the fact that the vicar had two months well-earned sabbatical early In the year and then subsequently resigned to take up a new posltion in Yeovil leaving the p3 rish with a vacancy. This piit extra work on thp relatively small groiip of parishioners rLinning the parish activities which resulted in fewer fund-raising events than normal during the year. 11 also resulted in some extra expense as all vicarage expenses fell on the parish and extra work had to be undertaken by the Parish Administrator, Total donation5 and legacies were higher than the previous year. The PCC continues lo benefit from the two generous legacies Eiven in 2018 and tontinues to use this unrestricted reserve for the whole parish community In line with our mission and ministry to all, and to care tor the environment and our building5 and land. We continued to follow our strategic financial p13 n to use some of the legacy fund in 2025 for any significant capital projects a nd to help maintain and sustain St Mary's into the future. This year there wa5 significant expenditure of èround £17,750 lor preparation work for the repair of the Spire. As a result, our overall financial statements show a significant loss of just over £46,000 compared with just under £27,000 the previous year However, after discounting the cost of the spire work, the deficit on the day-to-day running of the church was onlv marginal ly greater than last year. In view of the special circumstarbces of this year, it is considered that the outcome is better than might have been reasonably expected. The PCC'S 5-year financial plan is updated annually, and our aim is to break even on our day-to-day income and expenditure account a5 soon a5 P055ible. We have continued to pay our Parish Share in full each year. We have contlnuecl to work hard Ih15 year as a flnance ieam Ilncluding our Parlsh Admlnlsiraior/bookkeeperl to make full use of our accounting 501tware, ExpensePIus, specifically designed for use by churches and sm311 charities.
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Trustees Report Financial Review Icontinuedl The PCC lia5 contiiiuod to look at ways of iniroasing ils inLJrxe di)d ii) 2025 has been siiccesslul in incrpfi%inx iricoine Ilii-ough giviiig usiiig the Parish GiviiiLJ Sclieine. 111 2026 wp plaf) lo locus on the 'Giviiig ur Stewari1511itJ L<iiiipaign' with our cliurch congregation and electoral roll, a5 well as tlie wider parisl) which we hope will provide a mucli-lieeded increa.sp iii planiied giviiig. Notes on expenditure Total expen(lituro from Ilie iii)reslricted funds was F 153,S37 Tl)c g,reatest Pcirt ol t1i15 Wii5 ilio l)ari5h Sliare of £85,513 whirli Wai 50mc 7% hiFkier thJn the prpvious year. Other major expensos, illtlLidod utilities bills of £9,759 whir.h WR5 soine £1,400 less Ilian tlie previous year. Unrestricted Funds The balance oli the. Urirp.stricteil fijnds ijn 31 DpceiTiber 2025 was £178,146. Restricted Funds The Reslricled Fui)ds are as follows". Fliiilding {nrgnnJ The Allen Digit31 Organ piirchased in 2015 which is treated as è fixed a55et. The balance on 31 Dpcpinber 2025 on Iliis Fund in the accounts is zero as il is lully depreciated. 5h(Jlfordli?Attnt fJi?d Nur5cryScliool Tliis fuiid receives rent of f 200 per ai)nLini frain Shallord School via Sijrrey Coiinty Council and 15 reslricled to use lor educatior)al purposes for 11)e scl)oc)I 11) agrepnioi)t will) thp sc.hoDI, aiid any adniinistrative le.es incurred hy Ilie Trustees (Vicar and ChLJrcl) wardens) as landlords ()[ tlie SLliuul diTrd lui ils lease tu Suri-iy Collllty Coiiiicil. The balance on 31 Dp('.p.n)hpr 2025 011 this luiiil iiTr Ilie accoiiiils is f 1,416. 5peciul Culle(-li01I5 Tl)is Iiincl roceivvs aiiy fiiiidrciisins or.fjpecial collections made lor specilic cl)arities wliicli arl) tlieii paid on lo tlic, dppropriLlte chirily. rhe b£ilaiicc ol the lui)d is iiornially zero at the ei)d ol the yeai <ind ai)y amoLinis remaining ai the Lii)d of the year are paid in tlie fullvwii)8 year. Tlie balai)ce of Restrictpd Funds on 31 Decen)ber 202J was £1,416. Declarations The trustoes declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturelsl Full name{sl T14CNA-. fiIL)¥, i.IL. I Position le.g. Secretaryj Chair, ètcl Date
Report Df the Independent EKaminers I report to tlie charity trustees on my examination of the accouiits of The Parochial Church Council of Thè Ecr.lesiastical Parisl) of Slialford in The Diocose of Giiildlord Itlie charityl for the year ended 31 December 2025. Responsibllities and bagls of report As the trustees ol the charity you are responsible for the preparation of the accounts in accordance with thc rcquiron)ent" of the Charitic: 20111'thc Act'l. I report in respect ol my examination of the chaiity's account5 carriod out nder sectio 145 01 the Act and in carrying out my examinatioii I have followed all applicable Directions given by the Cliarity Conimission under seclion 14515llbl of the Act. Independent Examlnels Staiement I have coinpleted niy examinatiop). I confirm that no niaterial matters have come to my attention in connection with the examination 6ivin6 me c8u5e to believe that In any materlal rc5pect". accovntin8 records were not kept in respect of the charity as required by section 130 of the Act,. or 2. tIIv dLcuuiils iiut dLLUI d wiLlI LIIusv IVLUI tjs, vi 3. the accounts do not comply witli the applicable requirements concerning the foim and content of accounts set out in the Charilies (Accouiits aiid Reports) ReRulalions 2008 other than anv roqtiireinent that the accounts give a true and fair view whicli is not a matter considered a5 part of an independent exatnination. I have Iiu COLerS dli(I h(Iv¥ ¢Dine dLIU55 Ottrier ITldrter5 Iri iurinecilon wlth the examlnatlon TO whlch attention sliould be drawn in this report in order lo enable a proper understanding of the accountg to be reached, A. J. Bennewith FCA, FLPA, FFA, FFTA, FIPn, DChA, FRSA Upper Ground Floor 18 F3ri)h3m Road Guildlord Surrey GU14XA OIL
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Statement of Financial Activities 31.12.25 31.12.24 Unrestrirted funds Restricted f unds Total f unds Total funds Notes INCOME AND ENDOWMENTS FROM Donations and Legacies Other activities 81,382 5,994 81,382 5,994 73,419 11,496 Investments 5,823 18,829 5,823 5,428 Charitable Activities 200 19,029 26,663 Total 112,028 200 112,228 117.006 EXPENDITURE ON Charita blc Activitic- 153,537 153,537 146,614 Total {41,5091 200 141,3091 {29,6081 2,748 Unrealised gain on investments Rpaliipd Ila££l nn investments 14, 5961 NET (EXPENDITURE) 146,1051 200 145,905) 126,860) Transfers Between Funds Net Movement in Funds 146, 1051 200 145,9051 126,8601 RECONCILIATION OF FUNDS Total Funds Broueht Forward 2?.4.?.41 1,?16 ??s,aA7 ?5?,327 TOTAL FUNDS CARRIED FORWARD 178,146 1,416 179,562 225,467 The notes form part of these financial statements.
Shalford PCC Parish of St Mary's Shalford with St Michael's Pea5marsh Year ended 31 December 2025 Balance Sheet 31.12.25 31.12.24 Unrestricted funds Restricted funds Total fund% Total fiinds Notes Current Asset5 Cash 176,106 1,416 177,522 106,962 Accounts Recoivable 12 5,857 5.857 3.505 Prei)aynients 535 535 Total current assets 182.498 1,d16 183,914 110,467 Non-current Assets Fixod Assets io Investmerits 122,828 Total non-¢urrent a55ets 122,828 Current Liabilities Accounts Payable Doferred Incc)me 13 3,826 3,826 5,991 526 526 1,8.37 Total current liabilities 4,352 4,352 7,828 Total Net Assets (Assets Minus Liabilities) 178,146 1,416 179,562 225,467 Represented By Unrestricted funds 14 118, l46 1,416 224,251 Restricted funds 1,216 TOTAL FUNDS 179.562 225,467 The notos forfll P£?rl of these financial stiltements. Approved by the Parochial Church Council on and signed on its belialf by: Ann Thomas IPCC Vice - Chairl Date io
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements ACCOUNTING POLICIES General informatlon and basis of preparation of the financial statements The Parochial Church Council of the Ecclesiastical Parish of Shallord in the Diocese of Guildford is an unincorporated charity in Engla nd. The financial statements of the charity, which is a public benolit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Rccommended Practice Jpplicablc to ch3ritic: prepJring their ac¢ount£ in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The flnanclal staiemenis have been prepared under tIIE lii5turiiiil LUSL Lvriveiiliuii, willi Llie ¥XLetJliuri ul investments which are included at market value. The cha rily 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 requircments of section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to the funds, il is prnb2hlp that thp inrnmp will hp rpr.p.ivpd, and thè amaunt can be measured reliablv. For legacies, entitlement is taken as the earlier of the date on which either.. the charity is aware that probate has been Eranted, the estate has been finalised and notification has been made by the execulorlsl to the Charity that a distribution will be made, or when a distribution IJ rcccivcd from thc cotate. Rcceipt of a legacy, in whole or ir) part, Is only considered probable whon the amount can be measured reliably, and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity 15 aware of Ihe graniing of probaie, and the crlterla for Income recognlllon have noi been met, thern the legacy 15 a treated a5 a contingent asset and di9closed if material. Donated services or facilitie5 are recognised when the charity has control over the item, any conditions a550ciated with the donated item have been met, the receipt of economic benefit from the use of the facility or item is probable and that economic benefit tèn be measured reliably. In accordancc with the Charities SORP IFRS 1021, gencral volunteer lime is not recognised and refer to the Trustee5' report for more information about their contribution. On receipt, donated profe55ion31 service5 and donated facilities are recognised on the basis of the v31ue of the gift to the charity which 15 the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benof it on the open market,. a correspondin8 amount 15 then r45fo8nisgA in K5xpenditiirp in thg ppriod of receipt, Investment income is earned throuEh holding assets for investment purposes such as shares. It includes dividends and iiitei"e5t. Interest income is recognised using the effective interest method and dividend income is recognised when the charity's right to receive payment is established. Expènditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornmitting the charitv to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the oblisation can be mcauurcd rcliably. Expenditurc i" accounted for on an accruals basir and has been clastdified under headings that aggregate all cost re13ted 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 re50urce5. Gr3 nts offered subject to condition5 which have not been met at the year-end dale 3re noied as a commiimeni but noi accrued a5 expenditure. li
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements Volunteeis and donated services and facilitie5 The value of service5 provided by volunteers is not incorporated into these financial statements. Golng concern The trustees have continued to adopt the going concern basis for preparing these financial statements. They have done 50 On the grounds that the charity has and continues to have sufficient funds to meets it5 obligations as they fall due. TanBlble fixed assets Consecrated and benefice property is not included in the accounts in accordance with $1012llal and Icl of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchw3rden5 on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected lat any I"ea5011a ble tiiiiel. All expendture incurred during the year on consecrated or beneficed building5 and movable Church furnishings, whother maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. Other land and buildings St Michael's Church and Hall, Peasmarsh is a dedicated daughter church in the Parish of Shalford held by the Parochial Church Council of the Ecclesiastical Parish of Shalford a5 Trustee. All expenditure incurred during the year on these buildings and movable furnishings, whether maintenance or improvement, 15 written off as expenditure in the Staternent of Financial Activities and separately disclosed. other fixtures, fittings and office equipment Equipment uged within the St Mary'9 3nd St Michael's Church premises is depreciated on a str2isht-line basis over 10 vears. Individual items with a purchase price of £5,000 or less are written off when the asset 15 acquired. Taxation The charity is exempl from tax on its charitable activities. Restricted funds Restricted fund5 represent.. Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and Donations or grants received for a specific object or invited by the PCC for a specific object. The funde may only be expended on the specific object for which they were 8iven. Any b31ance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not Usually invest separately for each fund. Where the capital is re5tiicted, but tlie iriiuiriv ggrieidlvd ilivrEuri is Iiul, Ilie Cdpildl b<ildllLe 15 sliuwii wiLliifi Ivbli iLtvd funds and the income within unrestricted funds. Unreslricted funds Unreslricled funds Bre general fund5 which can be used for PCC ordinary purposes, Designated funds are funds Set Eidp nijt nf thp. unrg..£tricted funds for future work. 12
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements Investments Investments are valued at their market va lue at the balance sheet date. Gains and losse5 on disposal and revaluation of inve5trllents are credited or charged to the Statement of Financial Activities. Cash and cash equivalents Cash and cash equivalent5 incl ude cash in hand and cash deposits with financial institutions that are readily convertible to known amounts ol cash with insignificant risk of change in value. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered, Prepayments are valucd at thc amount prepaid nct of any trade dit¢OLtntt due. Liabilities and provisions L13bllllles are recogn15ed when there 15 an obligation at the bil(Ince slivei d(Ilg d5 d fE5uIi vf (I pasl everit, it is probdblv that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received a5 advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of thc amounts required to settle the obligation. 13
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements 2. DONATIONS AND LEGACIES Unrestricted funds Restricted funds 31.12.25 31.12.24 Donations and gifts Donations and gifts Tax recovered Legacie5 61,450 14,432 5,500 61,450 14,432 5,500 60,151 12,768 500 81,38?. 81,382 73.419 3. OTHER ACTIVITIES Unrestricted funds Restricted funds 31.12.25 31.12.24 Community fundraising events 5,994 5,994 11,496 5,994 5,994 11,496 4. INCOME FROM INVESTMENTS Unrestricted funds Restricted funds 31.12.25 31.12.24 Income from listed investments Interest 3,413 2,410 3,413 2,410 3,334 2,094 5,823 5.823 5,428 5. INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds Restricted funds 31.12.25 31.12.24 Church activities Chu rch/hall lettings Fees Md¥dLIII¥ ¢lLlvei Li5iiig Magazine subscriptions Other income Recovery of VAT 6,408 2,292 5,203 3,276 939 711 6,408 2,292 8,940 3,674 3,276 1,139 711 1,978 1,380 5,080 200 18,829 200 19,029 2G,663 14
Shallord PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements 6. CHARITABLE ACTIVITIES Activities undertaken dire¢tly Grant f unding of activitios Support costs 31.12.25 31,12.24 Church activities Religious and secular charities Govornancg costs 152,697 152,697 145,654 514n 840 960 152,697 840 153,537 146,614 Church activities Included within Church activities of £152,697 15 f 85,513 for thp ?0? E Dincpsan Parish Sharp. 7. GOVERNANCE COSTS Unrestricted funds Ilestricted funds 31.12.25 31.12.24 Examiner's Fee 840 840 960 840 840 960 8. TRUSTEES, AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES riemuneration or benefit3 paid to trustCCJ of thc PCC durin6 the ycar amountcd to £nil12024 £nill. Trustees, expenses During the year the PCC paid visltinE ministors £6412024 - £nill and paid trustoes of tho PCC £nil12024 9. STAFF COSTS AND EMPLOYEE BENEFITS The average monthly number of employees during the year was 212024 - 21. 15
Shalford PCC Parish of St Mary's Shalford with Sl Michael's Peasmarsh Year ended 31 December 2025 Notes to the Financial Statements 10. TANGIBLE FIXED ASSETS Unrestricted funds Restricted funds 31.12.25 31.12.24 Cost.. At l January 2025 Depreciation.. At l January 2025 CharEe for theyear 12,355 12,355 12,355 112,3551 112,355) 111,1551 11,2001 Net book value Fixed assets comprise the Allen Digital Organ purchased in 2015. 11. INVESTMENTS 31.12.25 31.12.24 Cost Unrealised gain/110ssI at 3 1 December Realised loss durinR the year Disposal proceeds d uring the year 120,000 120,000 2,828 (1,7681 1118,2321 122,828 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 GifL Aid ieLVIVdbl Accounts receivable 4,976 881 3,203 302 5,857 3,505 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Agency collections Accouiit5 payable Taxation and social security 2,804 1,022 5,204 787 3,826 5,991 16
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmar5h Year ended 31 December 2025 Notes to the Financial Statements 14. THE FUNDS OF THE CHARITY At 1.1.25 Income Payments Realised gain / Ilossl 31.12.25 Unrestricted Funds Genera1 fLind Restricted Funds Building Iorganl 5halford Infant Nursery School Special collections 22a.251 112.028 1153,5371 14,5961 178,146 1,2 16 200 1,416 TOTAL FUNDS 225,467 112,228 1153,5371 14,5961 179,562 15. RELATED PARTY DISCLOSURES There were no related party transactions during the years ended 31 December 2025 or 31 December 2024. 17
Shalford PCC Parish of St Mary's Shalford with St Michael's Peasmarsh Year ended 31 December 2025 Detailed Statement of Financial Activities 31.12.25 31.12.24 INCOME AND ENDOWMENTS Dvridlior)s ai)d 8ifis Donations and gifts Income Tax Recoverv Legacies 61.450 14,432 5,5UU 81,382 60,151 12,768 500 73,419 Other activities Community fundraising events Investments Income from listed investments Interest 5,994 11,496 3,413 2,410 5,823 3.334 2,094 5,428 Chiirit%iblE dctivities Churchlhall lettings Fees Magazine advertising Magazine subscriptions Other income Recovery of VAT S,408 2.292 5,203 3,276 1,139 711 19,029 112.22A 8,940 3,674 5,611 1,978 1,380 5,080 26,663 117.006 Total income and endDwments EXPENDITURE Charitable activities Support 105ts Depreciation Legal fee5 Maintenance costs M inislry: Diocesan parish share Ministry.. M i55ion & ministry Ministry.. Vicarage running costs Other use of legacy receipts Parish magazine costs Parish office expenses Repairs to St. Mary 5 Running co= Salaries Work on Peasmarsh Hall Vacancy costs Grants Religious and secular charities Governance costs Examiner'5 fee Total expenditure Net lexpenditurel 1,200 1,000 ,uyu 85,513 507 170 720 5.307 1,772 18,076 23,034 12,885 I,siy 79,745 684 153 9,584 4.290 1,198 8,978 25,891 11,328 1,284 623 840 153,537 141,3091 960 146.614 129,6081 Tliis Pd¥¥ duvs Iiul lui ii) ydi t vf tlie 5tatutoi y fiiiaiicial statenients. 18