THE PARISH OF SAINTS PETER & PAUL FAREHAM. HAMPSHIRE Registsred Charfty No. 1128765 ANNUAL RÈPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE PAROCHIAL CHURCH COUNCIL OF sr PEfER AND ST PAUL FAREHAM INDEPENDENTEXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF sr PETER AND ST PAUL, FAREHAM I report on the accounts ofthe Parochlal Church Councll for the year ended 31 December 2023. Respective responslbllltles of the Parochial Church Councll and examlner The members of the Parochlal Church Councll are responsible for the preparation of the financlal statements. You consider that an audlt Is not required for this year under section 144 of the Charltles Act 2011 (the 2011 Act) or the Church Accountln8 Regulatlons 2006 (the Re8ulatlonsl and that an Independent examlnatlon 15 needed. It Ismyre5POnslblltyto: (i) examlne accounts underthe Regulatlons and secilon 145 of 2011 A¢. (11> to follow the procedures lald down In the general Dlrectlons 8fven by the Charlty Commlsslon under section 145151{bl of the 2011 Act; and to state whether partkular mattershave come to myattentlon. My examirAtk)n vrd5 carr*d out In ac£ordarfe wlth the Genernl Direths 8hen by the tharity Commisslon under sedb)n 1451511b) of the Artand to be fourKI In Church of En8krKI guidan￿. That e￿mInat￿)n Includes a revlew of the accwnting record5 kept ￿ the ParcKlyal Church Courdl and a comparlson ofthe accounts with records. It also Includes consklering ary unusual Item5 or d15dosures in tr* accounts aThJ seekln8 expianatk)ns from you a5 trusiees conoming ary suth matte15. Th wOcedu￿5 undertaken do not provlde all the evIde￿e that would be requi￿ In an a￿1( and car6eq￿n￿ no ￿nIOn Is thtn as to whether the accounts wEgent a 'true aThJ fair vw, and ￿ rermlrt Is Ilmlted totPrf)se matterssetout h thestatement below. Independent examlner'5 Statement In cOnr￿ctkln wtth myeyam1w￿On, no motter IHscoThto myattenth)n: {al whlth SI￿ rne reasonable cause to belle¥e that In ary matsrfal respectsfv requlrements: to keep accounti￿ reLords in accordarfe wlth sectlon 130 of the 2011 AL1: to prepare accounts whlch accord wlth the accountlng records and to comply wlth the accountSn8 requlrements of the 2011 Act and the Re8ulatlons have not been met-, or to whkh, In my opiilon. attenth)n shoukl be drawn In orderto enable a proper under5tsndl￿0f accourrtsto re&hed. (bl Mrs samantha Dlment 255A Whtte Hart Lane. Portchester P016 9AS Dated: THE PARISH CHURCH OF sr PETER AND sr PAUL FAREHAM ANNUAL REPORT OFTHE PAROCHIAL OIURCH COUNCIL FOR THE YEAR ENDED 31- DECEMBER 2023 Inform•llon The Church of St Peter and St Paul Is sltuated adjacent to the c￿[c offlce5, Medital & Soclal Servlces, the new Arts Venue (to be completed shortly) and the maln shoppin8 precinrt close to the heart of the Town Centre. 1¢ Is part of the Dlocese of Portsmouth within the churth of England. It Is a parish affillated to The Socletv (Yhe Soclety under the ptronage of S5 Wllfred and Hllda.) and re8lstered wlth Forward in Falth. The Parochial Church Councll has passed a re501utlon undef the House of Bishop5 DeClarat￿n on the Mlnistry of Blshops and Prlests ond accordin8ly recelved eplscopal pastoral and sacraments5 care from the Blshop of Rlchborough. The correspondence address Is Osbom Road, Fareham Hamp5hlre P016 7DR Obl•ctlws. Artlvltles & Safe8u•rdln8 S5 Peter & Paul Parochlal Church Coundl (the PCCI has the re5ponslblllty of co-operatlng wlth the Parlsh Prlest in promotlnE In the eccleslastical parlsh the whole mlsslon of the church, pastoral, evangelkal and ecumenlcal. All guldance and rule5 of the Dlocesan Safe8uardlng Pollcy arE rl8ldly observed. Ss Peter & Paul PCC also hès Ma1ntenan￿ responslbllitles forthe Llsted Parlsh Church of $5 Peter & Paul, The Churchyard, d05ed by Order of Councll,1s malntalned by the lo(xl authorlty on behalf of the PCC. The PCC is commltted to enablln8 as many people a5 posslble toworshlp at Ss Peter and Paul, and to become part of the on golng communlty of falth. The pcc have considered the Commlssslorfs guldance on publlc benefft and In partl¢ular, the speclflc guldance for charftles for the aifvancement of rell6lon. A key focus Is to enable people to Ilve out thelr falth a5 Part of our parlsh communlty, especlally through: Worshlp, the celebratlon of the Sacraments and Prayer. 81bllcal knowledge and teachlng. Empowerlng ènd seeklng to dls¢lple the famllles and chlldren of our Parlsh and beyond. Provlslon of1Sfe events celebratlons and pastoral care for people I￿1n8 In the parLsh and beyond. Worshlp and pray•r 8y Easter of 2023 m05t Covld restrlctlons were removed. Uv• Stmmlw. An appeal to provlde a WIFI system was launched In2021 in order to Improve fadlitles for Ilve streamln8 the central Sunday Servlce. Urrfortunately, this has not come to frultlon and those who made donat5ons may request a refund. FamlNes and Chlldrqn There is a close connectlon and sensitive ￿latiOnshIP wlth staff at the nearby 5hettered housln8 and the famllles at the House are 5UPPOrted In prattlcal ways.. Ufe Events & Pastornl Care The Parish was dellghted to present Iwo teenagers For Confirn)at￿n whlch took place at the Holy SplriL Southsea. There was one baptism. Over the past year some of our faithful members of our church famllv have dled, Mlchael Shenvood. Chris Allen, Robert Mlller and Ida Dellar 4nna Chapl*ncy Canon Margaret Chappell was trained and commis51oned and under her dlrectlon, the Anna Chaplalncy ts now well established In the parish. Servlces are regularty taken In four local Residentlal Care Home5 reachlng approximatety 50+ people per month. Communityvi55t5 are also made and Chrfstmas and Easter gifts taken. M15$1on and O￿tr￿ch The PCC have 5UPF)Orted a number of organlsations through the year both flnancially and prayerfully and by ralsing awareness. There have been retlring collections for emergency appeals and for Christian ￿d, and Mi551on to Seafarers etc. Volunt••rs The PCC would Ilke to thank all who contrlbute 50 8enerou51y In and glvln8 to make our church communlty enabllng the contlnued work of the church In thls placE. The lutyre A week after blddlng our Prbest a premature farewell we were vlslted by the Oiwesan Blshop who informed the congregatlon that traditlonal Soclety worshlp would be concluded on 6th January. The con8regotlon was devastated, angry and hurt. We were addltlonally dlsappolntèd to learn that Blshop Norman had actlve supported and encouraged the proposal. A second vlslt detalled a different plan for the church whl¢h would change the ethos of worshlp by Introducln8 a plant to bulld up the congregatlon and proflle of the Parlsh. Parishioners expressed thelr con¢ern and oppositlon and an agreement was made that the Lady chapel would be offered for a tradltlon)I weeklyservice. The hurt has Impacted stron8ly amongst the congregation. Strurturn, Gov•m•￿e and M•M8ement Th• P4rnchl4 Chur¢h COU￿1• (PCCI The PCC15 a corporate body establlshed by the Church of England. It operates under the Par(Khlal Churth Councll Powers Measure. The PCC15 a reglstered Charity. The n)ethod of appointment of PCC members Is set out In the Church Representatlve Rule5. At Ss Peter & St Paul's, Fareham. the membershlpof the PCC consists of the Parish Priest, churchwarden5, two deanerysynod representatlve5 as ex offlclo members, plus member elerted by those who are on the Church elertoral Roll, All those who attend our 5ervlces or live In the parlsh are encouraged to reglster on the roll and stand for elertlon to the PCC. The PCC members are responslble for making dec15ions on all matters of general concem and importance to the parlsh Indudln8 how the fund5 of the PCC are spent. The leaslng of the Hall continue5 successfully and provldes much needed revenue for the church funds although there is concern re8ardin8 the contlnuing roof leak5 and the potentlal rlsks to the users. The house owned by the parlsh at Knowlevillage eontlnues to give a stream of revenue. On the I September, Fr Roger Jack50n announced that he was retlrtn& through ill health, and woukl be leavlng the pèrish on I" October. The parish thanked hlm for his ¢ontrlbutlon to the life of the parlsh and wlshed him, and hls famlly, a fuffilllng retirement. RefereD¢e and admlnlstratlve d•talls The Parochlal Church Council IPCCI is a charlty reelstered with the Charity Commissloners as Yhe Parochial Church Coundl of the E¢de51a5ttul Parish of St Petèr & St Paul. Fareham" with charlty number 128765 Bankers: Uoyds Bank PLC Ind•pendont Ey•mlner: Samantha Dlment. 255a Whtte Hart Lane. Portchester, P016 9AS Membershlp of the par￿h111 Church CThw*ll Members of the PCC are elthef eK￿ffidO or elected by the Annual MeÈtln8 to elect Churchwardens and the Annual Parochlal Churd) Meetlng IAPCMI In accordance wlth the Church Representatlon Rules. Durln8 the year, the followlng served as members of the PCC: Members who ser￿d durlng the year were: Members ex-offlclo: The Reverend Fr Roger Jack50n {Parlsh Prfestl; Canon Margaret Chappell {Chufchwarden & Vktrchalrl: Christlne Allen IDeanery Synod Repl Elected members- Anne Butcher IPCC Secretary). Nlck Millett, Janet Dav. Co-opted member5: Davld Hercock (Hon. Trea$urerl. No member of the PCC Is reSmbursed for any expenses Incurred for seNlng on the Councll. Nomlnatlons for membershlp are Invitsd from the con8re8atlon prlorto the APCM Fln•n¢l•l R•vl•w The expendlture and Income In the years 202Z and 2023 for all funds can be summarlsed as follow5.'- 2023 2022 INCOME Income lexcludlng Investrnent Income) Investment Income TOTAL INCOME 40,408 10,875 51,283 39.822 5,525 45,347 EXPENDITURE "Falrer Sha￿, payrnent to Dloce5e Other Expendlture TOTAL EXPENtXTVRE 40,404 21,583 61,987 20.027 60,431 UNRfSTrICTED DÉHaT FOR YEAR •• DESIGNATED FUN05 SURPLUS FOR YEAR RE5fRICTED SURPLUS FOR YEAR TOTAL SURPLUS IDEFICITI FOR YEAR Increase Idecrea5el in valuatlon of Investments TOTAL INCREASE (DECREASE) OF FUNDS IN YEAR 19,148) 1,767 11,819 4,438 15,888 20,326 116,640) 4,320 7,156 15,1641 (20.3631 125.527} ** The Unrestrlcted Deflclt was £6,962 2017. £5,706 in 2D18, £11,203 In 2019, £1.467 In 2020 and £33,999 In 2021. 2016 Saw a surplus of £2,136. Balance Sheet as at 31 Dec*m￿r 2013 zozj 2022 Totsl fund$ Prfor yeaf fvnds Flxed a55•ts InVestn￿Trts tNots 31 629.245 613,357 613.357 Curmnt assots Debtors INot• 4] Cash at bank and In ￿nd (Note 11 2.706 271,255 273.961 3059 266,906 269.965 Ll¥bllltl Cr•dftors: Amounts f•lllw du• In on• year INot• 5] 13 2,826 Nlt curr•nt •55•ts l•ts ¢urreTht Il•bllltl 271.5TI 267.139 Total 455ets less curMt nabl1￿•$ Total nat aM•ts l•ss Il•bllltl•$ 9WA22 9(X)O22 880A96 880096 R•pres•nt•d by [Not•• 7 and 81 Unrestrl¢t•d G•n•r•l fvnd Deslinated Fabr1¢ Deslonatsd Fund Restr5cted Kltchen Improv¢m•nts Prl¢•s Trust Memprlal Fund Endowfflent 21)4,719 210,076 139.761 135y8 264 IIA17 5.476 539.185 9￿022 IiM43 5.476 517,689 880N96 Funds of the ¢hurch Apwoved by P•rochl•l Churth Cound Chalnnan: Statement of Flnoncl•l Actl¥itles fortheyear thded 31 Det•mbÈr 2023 fvn fvr 24.258 1fj.19) 10.876 210 278 16.1KI 14.7LXI 28.132 21.343 2.744 Inv••trnonl• 3D4 OthwhKorn• Totsl IAc4m• 51.283 14700 Exp•ndtturn on: Ch8Tll•blo Qivlr*4 EdLthJ 1.124 1.184 57 41,997 10.421 41,835 10,008 Mththty 7.876 2,14S 1852 Gratuttki• 2.562 0.311 128 Other TotyA •xp•ndltuv• 431 1,124 ,160 rn4n P.141) 1Z,16J 3,791 310 9J41 (20.XJI 2•.3¥J 1163711 Nat Iiivirnnt In fund• 213 P6) 076 134 17.1 017M•g 110• 916,02) X4n• 1¥7•1 880,752 Statement ol Cash Flows for the year eTrd￿ 31 Dwmber 2023 2023 2022 C•Jh Flow5 from op•rating acti¥ltles Net cash provided by operallng actlvltles Cash Ilows from lThvestlns actlvltles Dlvldends, interest and rents from Investments Net cash provlded by Invest1￿ Cha￿ In cash and cash equlvalents In the reportlng perlod Cash and Cash equNalents at the be8lnninE of the reporting perlod Cash and Cash equivalents at the end ofthe reportln8 perlod 129,8721 135,4941 34.221 21,343 34,221 21.343 4.349 {14.1511 266.906 281,057 271.255 266.906 Notes:. Re¢m¢lllatlon of n•t movemert In funds to n•t ¢wh Ilowsfrom operntlng artlvltles Net movenmnt In funds for the r•portln8 p•rfods l•$ p•rth• statement of Iln•nclal •rthltl•s) Adjustments for: {Galn51110sses on In¥e5tments Dlvldend5. Interest and rents from in￿tments Ilncrea5elldecrease In debtors Increase/ldecre•sel In credltors Net provId￿ by op•r•Uw actlvltles 20,326 125,5271 115,8881 20.363 134,2211 121,3431 353 69 144ZI (9.0561 150.1981 19.9671 (29￿nI 135N941 An•tysls of c•sh and •qulvalents Cash In hand and In banVCBF Deposlt Account 271,255 266,096 T￿•1 cuh •nd oqulv•l•nts 271,255 266.096 Analy￿ otlncorne and exp8ndltyre 2023 INCOME thy￿110￿$ and legad•s L8St ear Unreslrlrtd Deg*n•ted Residrted Endowm¢nt ve•r St•wardsNp Gmng & GIftAld 15w a248 Glft Aid.T8x re(vverab Cowdons (Owi Ploto) Fr. Roaer Jacksc￿ r•tlrwn8nt 1.616 1.010 1082 Oon8tlon8 Ig*iord) 1,137 1,837 2,114 Grnnt•. Pd¢88 Tr￿t 210 210 1.656 34,270 Tol81 24258 210 Income from ¢h•rlt•bl¢ adlvldes Totsl Unr•rtrktod DeS1￿•t•d R•%trknd Endowm•n¢ Thts Last year 1J,1100 1.102 15.000 sooo 2.202 Donatlonsfor use PCC Fees Coffees, Teas and other refreshments 7,202 Totsl 18.150 16,160 Totsl Last ear Thls Endowment y•ar Unr•strkt•d D•sl8n¥t•d Rertrlrt•d CBF Investment Ftjnd CBF Property Fund Lloyds TS8 Interest CBF Deposlt Bank Interest Dlocesan CBF Deposlts Rentsl Property Total 2,079 1J28 630 179 L702 1.702 297 426 5,451 1471JO 10.200 14,7fK) 28.uz 21,343 7345 lo￿75 2.253 Total Last year 401 Ukralnlan Appeal Chrlstmas Charikn Chrlstlan Ald Ml$slon to Seafarers Remote Streamln8 Fli)odiiqhtln8 NSPCC 7D 92 87 1,610 170 170 638 2,744 69,388 65,566 INCOME TOTAL 514 14,7(Kl EXPENLMTURE ExpendI￿re on Funds desl8nated for è partlcular purpose by the PCC are olso unrestrlcted. Restrlcted funds can only be usedfor the purposes speclfied. Incomlng re50urcesfrom endowrnent fund5 are restrl¢ted. The accounts Include transartlons, assets and Ilabllltle5 for whlch the PCC Is responslble In law. They do not include the atcounts of thurch Eroups that owe thelr main afflllation to another body, Informal gatherifigs of church members or the costs and Income related to Qlocesan Fees whlch are dealt wlth through the PCC bank account. Incomlry R•sources Voluntary Income and capital sources Collectlons are recognised when recefved by or on behalf of the PCC Planned glvlng Tecelvable under Glft Ald Is reco8nlsed only when recelved Income Tax recoverable on Glft Akl donatlons Is recogntsed when the Incomln8 resources to whlch the recovery relates are recelved Grants and leg8cle5 to the PCC are recognlsed when therels evldence of entltlemeTrL reeelpt Is probable and It5 amount can be measured rellably Income from all fund ralsSn8 eventsls accounted for 8rosS Other Income Dlvldend and Interest entltlements are accountsd for when they are duelaccrue and any Income tax recoverable Is recognlsed In the sarne accountlng year Gains and1055es on investments Reallsed gains or losse5 are recognised when Investments are sold. Unr¢a115ed 8alns orlosses are accounted for on revaluatlon ol investments at mld-market value on 31 December 2023. R•sourc¢s expended Grants, donatlon5 and Involces Grants and donatlons are attounted for when pald over. or when awarded Ifthat award create5 a binding or con5tructlve obligation on the PCC. All other expenditure is generally recognlsed when it15 Incurred Parish Share The Parish Share I"Falrer Share"} Is accounted for when payable Value Added Tax Value Added Tax15 Induded in the cost of Items reported in the ststement of flnanclal artlvities Axed A55ets Consecrated property & moveable church furnishln85 Consecrated and beneficed property of any klndls exduded from the accounts ￿ sectlon 101211al of the Charitles Act 2011 Movable church furnlshlngs held by the Vlcar and Churthwarden5 on special trust for the PCC and whlch requi￿ a faculty for disposal are accounted as Herltage Assets unless consecrated. They are Ilsted In the church's Inventory whlch can be Inspected at any rea50nèble tlme. For Her5tage assets acqulred priorto 2000 there is Insufflclent cost Inforniatlon avallable and therefore such assets are not valued In the accounts. Item5 acquired Since l January 21)xi have been capitalised and depreciated in the accounts over their currently antlclpated useful economlc life on a stralght Ilne ba51s No depreciatlon 15 provlded on freehold land and bulldlngs as the Net fteallsable Value Is such that depreclation would be Immaterial to the accounts All expendSture Incurred in the year on consecrated or beneficed bulldings, indlvldual Item5 under £5,(M]O or on the repalrof movable church fumlshln8s acqulred before l January 2000 15 wrltten off Other fixtures, ftttlngs and offlce equipment Equlpment used wlthln the church premlses Is depreciated on a strawt Ilne basls over 4 Years. Indlvldual Items of £5,(KN) or less are written off when aequlred Investments IrNe5tments are valued at mld-mark¢t value at 31 December Current Assets Amounts owlng to the PCC at 31 December 2023 In respect of fees, rents or other Income are shown debtors les5 any necessary provlsion for amounts that may prove uncollertable. Cash at bank and cash equlvalents at 31 December 2023 Is shown as follows: 2023 2022 Lloyds Bank PLC Current Account Lloyds 8ank PLC Deposrt Account CBF Church of England Dep051t Account Held bv Dlocesan Board of Flnance 4,164 13,131 20,669 34,580 233,291 226,1)46 271,255 266,￿6 6,048 232 TOTAL l. Payments to PCC •nd employ•es and related party fran￿¢tIOnS Payments to PCC members Mrs Anne 8utcher reolved a 8ratulty of £1.632 In her opaclty of Administrator The PCC ha5 no employees Related Party Transactlons Mrs Margaret Chappell and Mrs Anne BLrtcher {co-optedl slt on the Board of Trustees for the Williarn Prlce charltable Trust. The Trust provides grants to the PCC, amongst other organisatlons, for the educatlon of the under 25's In furtherin8their Chrlstlan upbrln8inR. Durlng the year the PCC recelved £2101£1.656 In 2022) from the Trust. 2. Axed A584ts for u$ by the PCC Investrnent Assets A property In KnovAe Villa8e was purchased In 2020 a cost of £270,011 Is held as aft Investment assetto generate rental Income. As rentsl irKome and sale proceeds are restrlcted to use on malntenance of the fabrlc of the church, these funds are Included In restricted balance5 and are shown a5 investments to empha51se the Intsnded use of funds. 31-D*22 Int•w•st INVESTMENTS G•lnl(Lossl 31￿¢¢-25 270,011 131,111 32,033 Imi•stm•nt Property CBF Inv•Jtsn•nt Fund IGotMral) C8F Property Fund IGen•r•l) Dloc•un Board of Fln•nce: Endovmient prop•rty wocq•th TOTAL 270.011 119,746 33,599 11,365 11,5661 190.001 613,357 6,089 15,888 196,090 629,245 Unrestrfcted Rertricted Endowment Funds Funds Funds Total Net Assets by Fund: Investments Current A55ets Current Liabllllle5 135.558 211.306 12.3841 344,480 9,634 7,523 484,053 629,245 S5,132 273,961 12,3841 | 539.185 91Xl,822 TOTAL 17,157 D•bto 2023 2022 Glft Ald Recoverable Other Debtors 1,720 2,000 1,059 3,059 2.706 2023 2022 Accruals of Utility costs Credltors for Go¢)d5 and ServKe5 942 1,442 1.082 1,744 2.384 2.826 6. Year End Commltments There are no si8nlficant commltments not recogni5ed in the accounts. 7. Fund Detalls The followln8 funds are operated: Fabrk Fund Malntenance afid improvement schemes for church buildln8s General malntenance of the church bulldin8S Subscribed to by those associated with those named In the Memorial Book and used for the beautlficatiDn of the church Funds from the Wllllam Price Charltable Trust for the edycation of members of the con8re8atlon under the age of 25 years To fund Improvements to the kltchen In the Church Hall Restrfrted Fabrlc Fund Memorlal Fund Prlces Charlty Kltchen Improvements J ANALYS13 OF FUNDS G•ln• •nd •nc• Inc4xThi Outyolng• Tr￿11•￿ 8￿•￿ brought fon¥•rd forwinl Unr••trlcl•d Gen•rnl 210,076 51,283 160,4311 210.076 51,283 (60,431) 3,791 3.791 204.719 2(14.719 D8s18nat•d Fabrlc 135,548 I35￿48 2.891 2.891 11,1241 {1.124) 139.761 139.761 Restrirted Prices Trust Memorial Fund Hall Kltchen 11,443 5,476 264 514 (850} 310 11,417 5,476 264 17,157 17.183 514 1850) 310 Endowment Endowment Property Endowment Funds 270.011 247,678 14,700 12,5451 9,341 517.689 14.700 (2.545) 9.341 880,496 69388 164,950) 15,888 270,011 269,174 539,185 9￿.822 *• Total Funds