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 De￿mber 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
Servi￿5, 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. se￿ices 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 heatsAg￿1ghtingWas 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￿-year￿ld 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 re￿iVed and the TOv￿r 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 Q￿BEC￿ 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- Pri￿5 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 In￿￿e
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 De￿mber 2025 for St Peter & St Pèul. Fa￿haM PCC
Income T¢)ta
33.632.05
3,139119
.22Ui
16.230.IMI
n222.95
Unre5tr1rted
De*nated
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.$08.10
Rental property tosts
3,085.19
3,OB5.19
ExpendI￿re on gratuities
Gratuity- administrator
1,681.00
1.681.00
Gratuity- organist
919.56
919.56
Other expendllure
General expenses
114.50
114.50
ndlture T￿?1$
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 A￿￿ts
Bulldings
CBF Investment Fund
CBF Property Fund
Endowment Propety FuThJ
Total T•ngibl• A￿ts
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 Ll*bllltl•s
go6.6￿6? 1.046
906.655.69 1.046,239.08
Ca hal and R¢sorves
Current Ygar EamiryJ8
Deslgnatsd F8brkn lund
Endtswmenl Fund
ReStr￿ted memo￿￿1 Fund
Re8tri¢ted Pricos Tnjst
unreStr￿ted 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, Fa￿ttaM PCC
Statement of Cash Flows
For the year ended 31 December 2025
Account
2025
2024
eratl A￿1vities
Receipts from customers
Payments to supplEeF8 and ernploye86
C88h re¢eipts from oth8r D￿rat￿ng 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
Proc*eds 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 ￿t￿lI183
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 ￿U￿al9nts at end of ￿r￿)d
402,421.36 271.254.75
{107,254.281 131.166.61
295.167.08 4￿2.42l.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, Fa￿harn 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. Fa￿harn 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