Annual Report and Financial Statements of the Parochial Church Council for the Parish of St Peter & St Paul, Fareham For the year ended 31 December 2025 Registered Charity 1128765
Annual Report year end 31 Dember 2025 for St Peter & St Paul. Fareham PCC Cortents Statutory Information The Parish and the Parochial Church Counol. Parish Vision statement Membership of the PCC. PCC Review Publlc Benefit & Events Health and Safety/Buildings Safeguardin8 Policy io Stewardship io Environmental, Social and Governan Report li Financlal Review li Investment Policy 12 Reserve Pollcy 12 Statement of Trustees, Responsibilities 13 Independent Examinerfs Report 14 Statement of Financial Activities 15 Balan Sheet 16 Statement of Cash Flows 17 Notes to the Financial Statements 18 Page 2
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Statutory Informatlon Priest In Charge The Rev Henry Kendal Correspondence Address St Peter & St Paul Parlsh Offt Osborn Road Fareham P016 7DR Parish Office Telephone Number 101329) 236003 Charity Registration Number 1128765 Main Bankers Lloyds Bank Plc. 43 West Street Fareham P016 OBE Independent Examiner... Sally Cranstone Insurer Trinitss Church Insurance Page 3
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC PAROCHIAL CHURCH COUNCIL OF 5T PETER & ST PAUL. FAREHAM The church of St Peter and St Paul is situated adjacent to the Civic Offices, medical and social Servi5, the new arts venue and the main shopping preclntt close to the heart of the town centre. It is part of the Diocese of Portsmouth within the thurch of England. Objecthies, activltles and safe8uardln8 Since the retlrement of Fr Rogerjackson in October 2023 the parish has been without a parish priest and has relied on the help of priests throughout the Diocese to condurt services. Rev Henry Kendal has recently been appointed as Priest in Charge. All guidance and rules of the Diocesan Safeguarding Policy are ri8idly observed. Ss Peter & Paul also maintsined responsibilities for the listed Parish Church of Ss Peter & Paul. The churchyard, closed by order of the Councll, 15 malntained by the local authority on behalf of the PCC. The PCC is commltted to enabling as many people as possible to worship at Ss Peter & Paul, and to become part of the ongoing communityof faith. A keyfocus is to enable people to live out their faith as part of our parlsh community with worship, the celebration of the Sacraments and prayer. Biblical knowledge and teaching. Empoweringand seeklng to disciple the families and children of our Parish and beyond. Worship and prayer There is a regular 9:30 am sunday service. All services a reliant on the availability of priests. A monthly 6:30pm Prayer and Praise Servi started in Ottober 2025 with folk from Stjohn's joining with Ss Peter and Paul Families and children There is a close connectTon and sensitive relationship with stsff and residents of the nearby sheltered housing and the families at the house are supported in practical ways and encouraged to attend famllyfocused church services. Life Events & Pastoral Care The Parish was delighted to present I Confirmation candidate and two baptisms took pla. Over the past year some of our faithful members of our church family have died, Pat Richardson, Frjames Halr, Brian Chatwin and David Esau. Anna Chaplaincy Canon Margaret Chappell was trained and commissioned and under her direction, the Anna Chaplalncy is now well established in the parish. seices are regularly taken In five local Page 4
Annual Report year end 31 December 2025 for St Peter & St Paul. Fareham PCC Residential Care Homes reaching approximately 50+ people per month. Community visits are also made and Christmas and Easter gifts taken. Fabric Considerable work has been undertaken with more In the planning stages. Work on the Tower and Clock, hall roof is in the planning process. New heatsAg1ghtingWas instslled in the Parish Church. There are ongoing problems which are being dealt with by the Church warden with assistance from the DAC. Mlsslon and outreach There have been retirlng collections for Rowans Hosplce Volunteers The PCC would like to thank all those who contribute so generously in time and giving to make our church a community enabllng the continued work of the church in this place. Strurturei governance and management- the future There are exciting new developments with a group of worshippers from St John's in Fareham, who will kick-start a new contemporarycongregation in St Peter and St Paul Church with a vision to then plant a further church within the new housin8 development at nearby Welborne. Rev Henry Kendal has recently been appointed as Priest in Charge and gular monthly prayer and worship meetings have commenced. The project. supported by 8rant funding from the national Church, aims to create a new, vibrant congregation of more than 300 adults and children at St Peter and St Paul over the next five years- while also cherishing its existing traditional congregation. The plans include the employment of an operatSons manager. worship leader and a children and families leader at Ss Peter & Paul, as well as the refurbishment of the 8I-yearld buildin8. Traditional worship for the existing congregation will also be supported and resourced, with a Eucharist in the church's historic Lady Chapel each Sunday Rev Henry Kendal said: °Fareham 15 a vibrant town, full of young families, and we want to have a larger presence in the 800-year-old church in the town centre. We have significant funding, to employ a team of people and to refurbish its buildin8s- retsining its hi5torlc aspects and making it fit for modern worship. The existin8 congregation continues to be concerned about the future, and the chan8e5 have caused some not inconsiderable angulsh and upset and has affetted some of our MO frail members Page 5
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC The Parochial Church Councll {PCC) The PCC Is a corporate body established by the Church of England, operating under the Parochial Church Council (Powers) Measure 1956 and registered with the charity number 1128765. The method of appointment of PCC members is set out in the Church Representative Rules. At Ss Peter & Paul the membership of the PCC consists of the Parish Priest, churchwardens. two deanery synod representatives as ex offtcio members plus members elected by those who are on the church electoral roll. All those who attend services or live in the parish are encouraged to register on the roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are spent. The leasing of the hall continues to be discontinued at Sl8nifrcant financial loss to Parish income. This is due to repair work needing to be done. The house owned by the Parish at Knowle Village contfnues to provide a stream of revenue. A legacy from Michael Sherwood, whose family has worshipped faithfully at the Parish Church, left a considerable legacy, and in his memory new Altar Cloths were purchased for the Lady Chapel A monthly prayer group/service was estsblished with the combined congregations of St John's and St Peter & St Paul encouraged to attend. The Prayer intentlon was upon The Plant being established to revitalise the life of the Parish Church. In the final months of 2025 the Parochial Church Council accepted the Bishop's recommendatlon the Revd. Henry Kendal should be appointed as Priest in Church at St Peter & St Paul. Brandon. a young Bell ringer, had designed and published a Calendar to raise funds for work on the Tower. This was very well reiVed and the TOvr Fund was enhanced by £1,161.11 In general, because of the ongoing work on the fabric of the Tower and Hall, this part of the Church offered very limited use and had to be c105ed off for use at various times throughout 2025 which has impacted on parish life. There will be further disruptions in 2026 when alteration and paIrS tske place. Members of the Parochlal Church Councll Members of the PCC are either ex-officio or elected by the Annual Meeting to elert Churchwardens and the Annual Parochial Church Meeting IAPCMI in accordance with the Church Representstion Rules. During the year. the followin8 served as members of the PCC: Name Date for re-electlon / retlrement at APCM 2028 Ann Butcher secretary Page 6
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Nick Millett 2028 Pam Bryant 2027 Anthony (Brian) Green Bernard Plummer 2027 2028 Other members of the PCC durlng 2025 were present by virtue of their official role.. Rev Henry Kendal Canon Margaret Chappell Priest in Charge Church warden, vice chair and deanery synod rep David Hercock (now resigned) Margaret Stubbs Treasurer Co-opted No member of the PCC is reimbursed for any expenses incurred for servlng on the council. Nominations for membership are Invited from the congregation prior to the APCM Jolnt Standlng and Finance commlttees The standing committee is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. St Peter and St Paul has not held any standing committee meetings in 2025 Reserves Pollcy It 15 PCC Policy to maintain a balance on unrestritted funds of £30.000 to cover emergency situations that may arise from time to tlme. Safeguardlng Policy The Parish Church of St Peter and St Paul, Fareham takes its responsibility for children, young people and vulnerable adults very seriously and their welfare is paramount in all areas of parish life and as a matter of course have adopted the House of Bishops 'Promoting a SaferChur¢h' We are committed to the implementation of the Diocese of Portsmouth Safeguarding Policy and Procedures, and the relevant statutory legislation and guidance for the welfare of childrenj youn8 people and adults. Clergy, and volunteers who work within the parish church and/or as part of the congregation are required to follow good policy and prattice to ensure that children, young people and vulnerable adults are safeguarded and nurtured physically, emotionally and Page 7
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC spiritually. High professional standards are maintained in all worship and all pastoral and recreational situations involving children, young people and vulnerable adults. To facilitate this the Clergy. Churchwardens, PCC Members, volunteers and members of the congregation working with or seeking to work with children, young people andlor vulnerable adults have undertaken all appropriate Safeguarding training and are accordingly supported. Our Safeguarding Representative is Canon Mar8aret Chappell. The policy statement, agreed each year, for the safeguarding of children & vulnerable adults at the parish church of St Peter & St Paul may be *en on the church notice board Statement of Trustees Responslbilities The trustees are responsible for preparing the Annual Report and Financial Statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare finance statements for each financial year that give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and prlnciples of the Charity SORP Make judgements and estimates on the ongoing concern basis unless it is Inappropriate to presume that the charity will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the f inancial position of the charity and to enable them to ensure that the f inancial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Slgned on behalf of the PCC By Rev Henry Kendal, Chair Date Page 8
Annual Report year end 31 December 2025 for St Peter & St Paul. Fareham PCC Report to the Trusteeslmembers ofr St Peter and St Paul PCC On the accounts for the year ended: 31 December 2025 Setout on pages: 10t0 22 Respectlve re8ponslbilltles of trustees and examiner: As the church trustees. you are responsible forthe preparation ofthe 8ccounts. The trustees considerthat an audit is not required forthis year undersection 145 ofthe CharitiesAct 2011 (the Act} and that an independentexamination is needed. Basls of independent examlner's statement: The examination follows the Church Accounting Regulations2006 and Charity Cornmission Dlrections under section 145(5}Ib) of the Act. Independent ex8mln•r'8 statement: Duringthe examination, no issues arose suggestingthat the requirementto keep accounting records undersection 130 ofthe Act and prepare accounts accordingtothose records has not been met. Also, no matters were found that need highlightingfor a proper understanding ofthe accounts. (Delete if notapplic8ble) I havelhave not come across any other matters in connection with the examination to which attention should be drawn in this report in orderto enable 8 proper understanding ofthe accounts to be reached. Slgned: ¥fi ' Name: ALLY CIANSTOKIE Date: Address: I QBEC DKIV Page 9
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Unrertrlrted ted Endowment T4ylal Income from donatlon$ and •cle5 Regular giving 5,036.th) 5,036.rx) Open plate collectlons 4,303.32 4,303.32 Donatlons 682.50 682.50 Grants- Pri5 Trust 670.(KI 670.C(I Gift Aid-tsx re¢overable Income from Iharltable attivltles Fee Income 1.087. 1.087.C(I Income from Investsne CBF Investment Fund 2.110.20 1616.31 3.726.51 CBF Property Fvnd 992.54 7.24 1.752.78 Lloyd5 Bank Intèrest 673.83 673.83 CBF deposit bank interest 714.86 547.54 1.262.40 Diocesan CBF deposlts 11,118.09 11.118.09 Rental property 16.230. 16.230.(h) Other income Friends of Homeless Clayton Farm Stop Domestic Abuse Rowans H05plce 215.00 215. Donations other 2,197.11 2,197.11 Grant Ine 18.551.81 18,551.81 Coffee Galns I105 on Investments CBF Investment fund CB3032592 5.361.52 -5 361.52 CBF Property Fund C83032591 692.89 692.89 En(l¢)wment property fvnd 9,345.23 Page 10
Annual Report year end 31 Dember 2025 for St Peter & St Pèul. FahaM PCC Income T¢)ta 33.632.05 3,139119 .22Ui 16.230.IMI n222.95 Unre5tr1rted Denated Endowment Totsl Expendlture on ch•rltable glvl Rowan5 Hosplce 215.CQ 215.00 Expendlture on edLK•tlon Prices Trust 2,827.15 2.827.15 Empendlture on Mlnlstry Parish Share- see note in analysis 31,881.29 31,881.29 Copyrite licence 293.86 293.86 Sunday 5ervl¢e5 858.65 858.65 Subscriptions Ico. I.C Outreach 12.60 12.60 Fees pald 254.CK) 254. pendSture on Nnrtlng ¢osts Church utilities 3.676.03 3.676.03 Church Insurance 3,895.65 3,895.65 Telephone and Internet 956.04 956.04 Rate5 185.12 185.12 Legal fees 342.60 342.60 Repair and Maintenante 17,184.17 124,772.12 18.551.81 160.$08.10 Rental property tosts 3,085.19 3,OB5.19 ExpendIre on gratuities Gratuity- administrator 1,681.00 1.681.00 Gratuity- organist 919.56 919.56 Other expendllure General expenses 114.50 114.50 ndlture T?1$ 62355A)7 124,987.12 21.378.96 3.085.19 21L80&34 Page 11
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Balance Sheet Account 31 Doc 2025 31 l>ec 2024 Fixgd Assats Tanglbje Ats Bulldings CBF Investment Fund CBF Property Fund Endowment Propety FuThJ Total T•ngibl• Ats Total Flx•d Ass•t8 270.011.00 12B,750.40 32,W2.89 215.844.23 647.508.S2 647.508.52 270.011.00 134.111.92 32.210.1)0 206,499.00 642,831.92 64831.92 Current As3•ts Cash #t bank and In hand C#gh CBF Dep)sit CB3032590 OBF (St Fr8n¢48. Funtleyl Deposrt st Peter and St Poul Total Cash at bank and in hand other dgbtois Totsl CurrentAwt¥ 1.280.68 8.933.06 256.791.44 20,474.71 7,687.19 295.767.08 2,0.00 297,167.08 27.191.37 245,673.35 122,800.88 6,755.76 402.421.36 2,000.00 404,421.38 Credltors: amounts fallln Aixounts Pgyoble Accruals Total Cr•dltorn: amounts falllno du• wlthin on• y•r du• wlthin one 3.754.62 34,265.00 38,019.91 1.014.20 0.00 1.014.20 14•t Current Awts (Li4blllti 259.147.17 403.407.16 Totsl Assèts less Curr•nt Llbllltl•s go6.66? 1.046 906.655.69 1.046,239.08 Ca hal and R¢sorves Current Ygar EamiryJ8 Deslgnatsd F8brkn lund Endtswmenl Fund ReStrted memo1 Fund Re8tri¢ted Pricos Tnjst unreStrted Gener81 Fund Total Capital ond R•8•rv (139.583.391 145.417.10 f21.848.03 560.740.34 547.595.53 5,476.00 5,476.00 7.918.94 10,076.09 472,103.80 215,826.33 906.65&69 1.IM6.239.08 Page 12
Annual Report year end 31 December 2025 for St Peter & St Paul, FattaM PCC Statement of Cash Flows For the year ended 31 December 2025 Account 2025 2024 eratl A1vities Receipts from customers Payments to supplEeF8 and ernploye86 C88h re¢eipts from oth8r Dratng a(lvltl&s Net Ca•h Flows from Op•ratlng AcllvRI¢s 67.546.35 186.520.78 (209,065.63) 153,676.171 4,676.60 13,566.69 (136.842.681 146.431.30 Invostln Activities Proceds from Sale of proporty. plant and equlpmont Payment for proparty. ant and eqLFiprnenl Other cagh rtem8 from inveslng aetivthes Nèt CAsh Flow8 from Inv•iting Actl¥ili•8 5.361.52 110,038.121 (13,586.69) 0.00 706.00 (467&60) 112.880.69) Flnancln Actfvitles other ¢8sh rtems from financlng tlI183 N•t CA$h Flow6 from Finan¢ing Aetivib•¥ 34.265.00 12.384.001 34.265.00 (2.384.001 N•1 C•8h Flows 107254.28 131.166.61 Cash and Cash E uivalonts Cash and cash equN81onts at boginning of period Net change In c8sh for p8rfod C88h and eAsh Ual9nts at end of r)d 402,421.36 271.254.75 {107,254.281 131.166.61 295.167.08 42.42l.3fj Page 13
Annual Report year end 31 December 2025 for St Peter & St Paul. Fareham PCC NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 Accountlng pollcles The financial statements have been prepared under the Charities Act 2011 in accordance with all applicable accounting standards as modified by the Church Accounting Regulations 2(K)6 and the Statement of Recommended Prattice for Accounting and Reporting SORP FRS 102 second edition (effective 15tJanuary 2019) issued by the Charity Commissloners for England and Wales. Accounting conventlon The financial statements have been prepared on an accruals basis under the historical cost convention as modified for the revaluatlon of property and investments assets. The financial statements 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. Fund Strurture General funds represent the funds of the PCC that are not subjett to any restrlctions regardin8 their use and are available to be used for PCC ordinary purposes. Funds designated for a particular purpose by the PCC are also unrestritted. Re5tritted funds can only be used for the purpose specified. Incomin8 source from endowment funds are StrItted. Any balance remaining unspent at the end of each year Is carried forward to be used in future year5. Restricted funds represent income from specific attivities which are only to be spent in accordance with the stipulations set out at the time of the donation. Desi8nated funds a those inltially received as unrestrirted funds but are designated by the PCC for specific purposes. Re¢ognition of Income Income from donations, GiftAld claims. dividends and hall hiring are recognised In the year that they relate to. Grants and legacies are accounted for when the PCC Is legally entitled to the amounts due. Pled8ed giving, loose plate collettions and Interest are recognised when recelved. All incoming resource5 are accountsd for 8r055 and are shown separately from any dirett expenditure incurred. Page 14
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Analysls of Income from donations and legacles 2025 2024 Regular giving Open plate collections 5.036.00 4,675.30 4,303.32 1,784.54 Donations 682.50 436.30 Legacy 139,455.99 Grants - Prices Trust 670.00 180.00 Total 10.691.82 146,532.33 Analys1$ of income from charltable actlvltles 2025 2024 Hall hire 3,750.00 Fee income 1,087.00 1,873.00 Total 1,087.IXI 5,623.00 Fee income is PCC fees for wedding5, baptisms, funerals and banns Analysis of income from Investments 2025 2024 CBF Investment Fund 3,726.51 3,639.50 CBF Property Fund Lloyds Bank interest 1,752.78 1,728.31 673.83 670.30 CBF deposit bank interest Diocesan CBF deposits Rental property Total 1,262.40 1,154.35 11,118.09 12,382.69 16.230.00 14,250.00 34.763.61 33,825.15 Funds from prior dates have been invested with The CBF Church of England Deposlt Fund and the C8F funds above are the proceeds from the income being re-invested. Page 15
Annual Report year end 31 December 2025 for St Peter & St Paul, Faharn PCC The chapel of St Francls, Funtley was sold in 2019 and the revenue invested. Above Is the interest on the investment for 2024 The church owns a property at 221 Knowle Avenue which raises rental income. The income from this Is restricted to upkeeping the fabric of the church and is part of the endowment fund Analysis of other Income 2025 2024 Friends of Homeless 55.30 Clayton Farm 155.iyj Stop Domestic Abuse 160.00 Rowans Hospice 215.00 Donations other 2,197.11 170.00 Grant income 18,551.81 Coffee Total 21.003.92 540.30 Donation other included gifts for the defibrillator £370, li8hts £100, candles £566 and the tower £1,161.11 via the sale of calendars Grants were received from PDBF and EMB Ltd for listed places of worship Galns losses on Investment assets 2025 2024 CBF Investment fund CB3032592 CBF Property Fund C83032591 Endowment property fund Total {5,361.52) 3,001.18 692.89 177.33 9,345.23 10,408.18 4,676.60 13,586.69 Assets revaluatlon is not a cash transaction but an estimate on the gain or loss on an asset value. The investment assets arise from the sale of Manor Cottage, and prior to this the sale of Crocker Hill Chapel. Page 16
Annual Report year end 31 December 2025 for St Peter & St Paul. Faharn PCC Recognition of expenditure Expenses are recognised in the year that they relate to. The cost of raising fvnds, charitable activities and other costs are detsiled In the notes to the accounts. Each year the PCC aims to make donatfons based on a percentage of income received, VAT on expenditure is irrecoverable and as such all expenditure within the financial statements are shown at the gross amount. Analysis of expenditure on charltable glvlng 2025 2024 Two Saints 200,00 Friends of the Homeless 55.30 Stop Domestic Abuse 500.00 Rowans Hospice 215. Total 215.(10 755.30 Analysis of expendlture on educatlon 2025 2024 Prices Trust 2,827.15 1,520.91 Total 2.827.15 1.520.91 The William Price Charitsble Trust, based in Fareham, is an educational grant-making charity established from a 1721 will to support residents under 25. particularly within the ori8inal parish area. It provides grants for educatlonal. clothing. or travel needs, and supports local schools. Over a number of years the grant money awarded to Ss Peter and Paul has accumulated and an effort is being made to use the funds. especially to help children from the refuge. a5 there Is a lack of children attending church currently. Analysls of expendlture on Mlnlstry Page 17
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC 2025 2024 Parish Share 31,881.C 10,606.02 Copyrite licence 293.86 285.72 Sunday services 858.65 489.66 Subscriptions 100.00 155.lyj Outreach 12.60 240.76 Fees paid 254.00 352.00 Total 33,4W.61 12,129.16 It is important to note that this was not paid in 2025, but a commltment has been made that it wlll be paid in 2026. This is in as an accrual in the balance sheet. Analysis of expenditure on running costs 2025 2024 Church utilities 3,676.03 4,997.42 Church Insurance 3,895.65 3,787.lYI Telephone and Internet 956.04 871.86 Rates 185.12 137.93 Legal fees 342.60 273.40 Repair and Maintenance 160,508.10 21,007.02 Rental property costs 3.085.19 5.863.59 Total 172,648.73 36,938.26 Analysis of expenditure on 8ratuities 2025 2024 Gratuity- administrator 1,681.00 1.632.00 Gratuity- organist 919.56 919.56 Page 18
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Total 2,600.56 2,551.56 Analysis on other expenditure 2025 2024 Bank charges 81.75 General expenses 114.50 713.43 Total 114.50 795.18 Flxed assets Consecrated and beneficed property of any kind is excluded from the accounts by section 1012llal of the Charities Act 2011 Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for a5 heritage assets unless ¢on5ecrated. These are capitalised at cost and depreciated over their useful economic life on a straight line basis Other than where insufficient cost information is available. All items are Included in the Church's inventory. No depreciation Is provided on freehold land and buildlngs as the net realisable value is such that depreciation would be immaterial to the accounts. All expenditure incurred in the year on consecrated or beneficed buildings. individual items under £5.000 or on the repair of movable church furnishings acquired before I January 2000 is written off. Other fixtures, fittings and office equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of £5,000 or le55 are written off when acquired. Investments are valued at mid-market value at 31 December A property in Knowle Village was purchased in 2020 at a cost of £270,011 and is held as an investment asset to generate rental income. As rentsl income and sale proceed5 are restritted to use for maintenance of the fabric of the church, these fund5 are included in restricted balances and are shown as investments to emphasise the intended use of funds. Page 19
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC 31 Dec 2024 Galn / Ios5 31 Dec 2025 Investment property 270,011.00 270,011.(KJ CBF Investment fund {general) 134,111.66 -5361.52 I28,7.40 CBF propertyfund (general} 32,210.46 692.89 32,902.89 Endowment property proceeds 206,499.00 9,345.23 215,844.23 Debtors Amounts owlng to the PCC at 31 December 2025 in respect of fees. rents or other Income are shown as debtors less any necessary provision for amounts that may prove uncollettable. 2025 2024 Gift Aid recoverable 2.000.00 2,000.00 Other debtors Cash held at the bank and in hand 2025 2024 Cash 1,280.68 Lloyds bank current account 7.687.19 6,755.76 Lloyds bank deposit account CBF deposit account Held by Diocesan Board Finance 20,474.71 122,800.88 8,933.06 27,191.37 256,791.44 245,673.35 Recognltton of liabllities 2025 2024 Page 20
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC Accruals 34,265.00 Accounts payable 3,754.62 1,014.20 Liabllitles are recognised on the accruals basi5 in accordance with normal accounting principles, modified where necessary in accordance with the 8uidance given in the SORP. The accruals in 2025 are for parish share and the reversal of the elettricity credit from 2024. There are no significant commitments not recognised in the accounts Analysis of funds The following funds are operated: Designated Fabric fund Maintenance and improvement schemes for church buildings Restricted Memorial ftjnd Subscribed to be those associated with those named Sn the Memorial Book and used for the beautification of the church Prices Trust Funds from the William Price Charitable Trust for the education of members of the con8regation under the age of 25 years Endowment Endowment Fund An endowment is a permanent, invested pool of financial assets donated to non-profit organlzations like charities-designed to support their long-term mission bygenerating ongoing income while keeping the principal amount intsct. The endowment fund is held for intended Investment in a second propertyto generate rental income. Balance b/fwd Galns / losses Balance c/fwd Page 21
Annual Report year end 31 December 2025 for St Peter & St Paul, Fareham PCC 2024 2025 Unrestrlcted General 361,243.43 -28,723.02 332,520.41 Deslgnated Fabric fund 121,848.03 -121,848.03 Restrfcted Prices Trust 10,076.09 -2157.15 7,918.94 Memorlal Fund 5,476.00 5,476.00 Endowment Endowment fund 547,595.55 13,144.81 560,740.36 Totsl Funds 1,046,239.08 -139.583.37 906,655.71 Page 22