2025-12-31-accounts

Trustees’ Report and Financial Statements for the year ended 31[st] December 2025: The Parochial Church Council of the Ecclesiastical Parish of St. Mary's, Overton, Diocese of Winchester

Reference and administrative information

Registered Office: The Rectory 54 Lordsfield Gardens Overton Basingstoke RG25 3EW

Incumbent: The Revd. James Russell (Chairman)

Banks:

CAF Bank Winchester Diocesan Board of Finance 25 Kings Hill Avenue, Kings Hill Old Alresford Place West Malling Alresford ME19 4JQ SO24 9DH

CCLA Investment Management Ltd One Angel Lane London EC4R 3AB

Independent Examiner:

Mr Roger Stanton Stanton Financial Consulting 5 High Street, Overton Basingstoke RG25 3HB

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Trustees’ Report for the year ended 31[st] December 2025

PCC members who have served from 1st January 2025 until the date this report was approved are:

		Date elected:	Term of office ends:	Notes:
Incumbent:	The Revd James Russell			Appointed on 1 July 2019
Licensed Lay Ministers (LLM):	Peter Silverwood Michael Francis (December 2020)	Ex Officio Ex Officio
Churchwardens:	Mike Smith Stuart Williams	2021 2021	2026 2026
Deanery Synod Representatives:	Helen Francis	2021	2027
Elected members:	ChristopherCates	2020	2026
	Dee Spencer	2023	2026
	Ann Barker	2024	2027
	Alison Peters	2024	2027
	Ian Boreham	2019	2025	Stood down in April 2025
_Co-opted members: _
	Ruth Williams	Co-opted May 2023

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. Following changes introduced by the Charities Act 2006, it applied for registration as a Charity to the Charity Commission, which was subsequently approved on 10[th] June 2009, charity registration number 1130067.

The function and purpose of the PCC is outlined in the Parochial Church Councils (Powers) Measure 1956. The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

St. Mary’s Church, Overton (St. Mary’s) is part of the Deanery of Whitchurch and Diocese of Winchester and is a member organisation of Churches Together in Overton. It works closely with these bodies on matters of common interest. The PCC considers its Board of Trustees to be its Key Management Personnel. Three of these members have received remuneration as trustees (for Church Administration and being Verger at Weddings and Funerals).

Objectives and Activities of the charity

The incumbent and the PCC are responsible in the ecclesiastical parish for promoting the whole mission of the Church – spiritual, pastoral, evangelistic and ecumenical. They also have maintenance responsibilities for the church premises (including the Church Rooms) whether to generate income or to support St. Mary’s aims in other ways. Some examples of the ways these responsibilities are carried out are: ensuring that regular public worship is open to all; providing sacred space for personal prayer and contemplation; pastoral work, including visiting the sick and the bereaved; teaching of Christianity through sermons, courses and small groups; leading collective worship in schools; promoting the whole mission of the Church through the provision of activities for senior citizens, parents and toddlers, and other groups; supporting groups with specific needs, both within the parish and more widely; supporting other charities in the UK and overseas. The main activities of St. Mary’s are provision of church services (including baptisms, weddings, and funerals), family and children’s work, and teaching adults through such activities as regular home groups.

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A proportion of St. Mary’s income is given to a small number of nominated charities agreed by the PCC, with input from members of the congregation. From time-to-time one-off donations are made (often from the proceeds of special events).

Electoral Roll

The Revised Electoral Roll for St Mary’s Church, Overton contains 117 names, 21 fewer than in 2024. Eight have moved away, 4 have died and 26 people did not re-apply. There are 17 new applicants. There are 9 on the roll who live outside the parish.

Church Attendance

Attendance on an average Sunday was around 82, including children. Christmas 2025 saw around 500 across the two Christingle services; there were 39 people at the Midnight Communion service and 77 on Christmas Day. Easter 2024 saw 46 people at the family service on Good Friday and 20 people at the final hour service with 163 on Easter Day Communion.

Volunteers

In carrying out its activities the PCC is grateful for the work of unpaid volunteers from the congregation. Such support includes accredited lay ministers and other specialist roles which range from working with children and providing pastoral and prayer support for church members to bell-ringing, flower arranging, and singing and music during worship. Beyond this a wide range of individuals give their time and skills without financial gain to further the work of the charity, partly through committees and organisations under the auspices of the PCC and via day-to-day support on an ad hoc basis. Existing and new members are encouraged to provide support for such activities.

As ever, the PCC is grateful for the help provided by so many members of the congregation, who serve on teams, participate in a wide range of organisations, give financial support, and attend services and events.

Safeguarding and privacy

Safeguarding and safe recruitment of both staff and volunteers are paramount in St. Mary’s approach to carrying out its mission. The PCC is fully committed to ensuring that our church and related premises are safe places for all who use them, including children and vulnerable adults, work which is being facilitated by our newly appointed Safeguarding Officer. Each year PCC members affirm their commitment to the House of Bishops’ safeguarding policies and good practice guidance.

Safeguarding now appears as a regular item on PCC agendas. In line with Diocesan policy all PCC members are undertaking safeguarding training to the appropriate level, and DBS checks are carried out in line with regulations for all PCC members. The charity is thus compliant with Diocesan safeguarding requirements.

A Health and Safety Officer provides advice to the PCC to ensure that compliance is maintained, with new issues being identified and addressed as they arise.

PCC

The full PCC met six times during the year, in January, March, May, July, September & November. The average level of attendance was 71%. Finance reports were presented at each meeting, keeping the PCC up to date on income and expenditure. The budgets for 2024 and 2025 were approved.

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Rector’s Report

It’s so good to be able to reflect back on 2025 and to thank God again for all that he’s been doing amongst us. There has been much to celebrate. Our numbers have continued to increase as we have welcomed new faces into our Church family, and our regular services continue to be uplifting and encouraging. There always seems to be a real sense of energy and purpose at St. Mary’s, and I thank God for it. Home Groups and other bible study, prayer and friendship groups, meeting in all sorts of different places and contexts, continue to be a place of support, strength, comfort and joy for many and it has been so encouraging to hear how people are encountering Jesus and growing in faith. It has also been both helpful and challenging to think about the ‘5 Marks of Mission’ at our Sunday morning gatherings and, amongst other things, to proactively engage with ‘Eco Church’ and the responsibilities, opportunities and challenges that that presents us with. Our Eco team have been immense. Breakfast Church continues to be a highlight for many and seems to appeal to all ages highlighting a real sense of family as we gather. I also want to express particular thanks to all those who are overseeing and leading our growing children’s work Sunday by Sunday and the band and musicians who lead us so powerfully in worship as we gather together week by week.

Christmas this year was particularly memorable, too, with ‘The herald of Herod’ theatre production and huge attendances at both our Christingle Services and, indeed, large congregations at all our services over the whole Advent/Christmas period. It really is a huge shop window for us, as it were, and if people leave church with warm hearts and a positive impression then that gives us some solid foundations to build on.

A particular focus for us again this year has been the Growing Rural Parishes Project. As we are now the ‘Overton Benefice’ made up of 6 churches we need to give particular attention and thought as to what that looks like in practical and relevant ways across our whole patch. A small group of us, representing all the churches, continue to be involved in Learning Days led by the Diocese at Old Alresford Place. These are designed to help build our unity and focus our thinking and vision. They have been well received by all those attending. We have also been given significant funding by the Church Commissioners to help consolidate our vision and identity. A significant part of that has gone towards the launching of a new website and the design and purchasing of our new branding assets. We are delighted with both. On Advent Sunday 2025 we launched the ‘Overton Benefice: Year of Connection’ and I look forward to commenting more on that this time next year.

Inevitably through the year we feel the sadness of losing key members of the church family, but we also rejoice in new life and baptisms and the joy of seeing couples getting married and beginning a new phase of their lives.

When I read the report booklet that Ruth always puts together, I continue to be so encouraged at seeing all the different activities and ministries that go on in our church building and within the wider community. I cannot mention every person or group/activity by name, but I can loudly and wholeheartedly express how grateful I am to everyone who voluntarily gives of themselves so sacrificially and in so many different ways to hold out the good news of Jesus in this place. Annabel and I love being with you and serving Christ together in this beautiful part of Hampshire. Can I express my thanks too to our excellent Church Wardens, Treasurer, Parish Safeguarding Officer, PCC Secretary and the other office bearers in our church – not least of course to Ruth who does a superb job as our Church/Benefice Administrator. It is both our privilege and responsibility to be followers of Jesus and those who make him known to others. That is why we pray that God would continue to bless us as we move through 2026 and that our focus on Eco Church and other things will be a cause of real blessing to ourselves, our neighbours, our village and community as we serve God in this place.

James Russell

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Trustees’ Report for the year ended 31[st] December 2025 (continued)

Financial Management Policies

The PCC's finances are dealt with through a CAF bank account covering the running of the Church and Church Rooms. In addition, funds are held with the CBF Church of England Deposit Fund for savings, legacies, and repair reserves for the Church and Church Rooms.

Accounts

The Accounts for 2025 are presented from page 8 onwards in accordance with the Church Accounting Regulations 2006. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

During 2025, the total incoming resources of £230,253 was higher than £161,777 in 2024. The increase was mostly donations for the Bells (£62,520). Unrestricted income in 2025 was £162,033, (£158,547 in 2024).

The total expenditure in 2025 of £197,578 was also higher than £148,409 in 2024. This increase was due to interim payments for the Bells (£23,829 from the Heritage Fund) and repair of the church windows advised at the Quinquennial inspection (£16,774 from the General Fund). There was also expenditure of £12,488 (from the Mary Taylor Legacy) on an energy survey and architect fees in relation to planned work on the church path and solar panels.

Before unrealised investment losses there was a deficit of £6,904 in unrestricted funds in 2025 but a surplus in restricted funds of £39,579, giving a combined surplus of £32,675 compared to a combined surplus of £13,368 in 2024. Unrealised investment losses amounted to minus £1,649, compared to an unrealised gain of £923 in 2024 and so the net surplus recorded in 2025 amounts to £31,026 compared to £14,291 in 2024.

Public Benefit

From the review of the activities, the trustees feel that they have demonstrated how they have complied with their duties as set out in s4 of the Charities Act 2006, to have regard to guidance published by the Charity Commission on the operation of the charity for public benefit.

Reserves Policy and Future Plans

The PCC aims to maintain a balance on accessible and uncommitted reserve funds, which equates to at least three months’ expenditure (£35,000) to cover emergency situations that may arise from time to time. The balance of £296,744 held in unrestricted funds at the year-end exceeded this target. In 2024 the unrestricted fund balance was £304,879.

The Mary Taylor Legacy accounts for most of this balance (£274,051); half of the Legacy is to fund a part-time Youth and Families’ Minister for three years (to be advertised in 2026), and the other half for future building projects on the Church Path, Solar Panels and heating plans for the Church and Rooms, as the Church of England Net Zero Target for 2030 will preclude replacing our gas boiler. The cost of these projects will exceed our reserves, so a five-year financial plan is proposed for 2026.

The total reserves held at year end amounted to £366,753. Restricted funds amounted to £70,009 (including £42,818 held in the Overton Church Heritage Fund, towards the cost of rehanging the Church Bells).

Approved by the PCC on 16 March 2025 and signed on their behalf by James Russell (Chairman)

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST. MARY’S, OVERTON, DIOCESE OF WINCHESTER

Council of the Ecclesiastical Parish of St. Mary’s, Overton, Diocese of Winchester (the “Charity”) for the year ended 31 December 2025, which are set-out on pages 7 to 15.

Responsibilities and basis of report

in accordance with the requirements of the Charities Act 2011 (the “Act”).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination does not involve gathering all of the evidence that would be required in an audit and consequently does not cover all of the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance than an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a “true and fair view” and my report is limited to those specific matters set out in the Independent Examiner’s statement.

Independent examiner’s statement

in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of

R.F.G. Stanton FCA Chartered Accountant Stanton Financial Consulting Limited 5 High Street, Overton, Hants RG25 3HB

31 March 2026

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account)

For the year ended 31 December 2025

Note Income from: Donations and legacies 2 Charitable activities 2 Investments 2 Other church activities 2 Other income 2 Total Expenditure on: Charitable activities 3 Total Net gains/(losses) on investments 6 Net income/(expenditure) Transfers between funds 9,10 Net movement in funds Reconciliation of funds: Total funds brought forward at 1 Januar 13 Total funds carried forward at 31 December	Note Income from: Donations and legacies 2 Charitable activities 2 Investments 2 Other church activities 2 Other income 2 Total Expenditure on: Charitable activities 3 Total Net gains/(losses) on investments 6 Net income/(expenditure) Transfers between funds 9,10 Net movement in funds Reconciliation of funds: Total funds brought forward at 1 Januar 13 Total funds carried forward at 31 December		General Funds £ 114,577 17,729 13,502 16,225 0 162,033	General Funds £ 114,577 17,729 13,502 16,225 0 162,033	Restricted TOTAL TOTAL Funds 2025 2024 £ £ £ 64,865 179,442 111,552 1,358 19,087 18,504 1,997 15,499 16,669 - 16,225 15,052 0 0 0 68,220 230,253 161,777	Restricted TOTAL TOTAL Funds 2025 2024 £ £ £ 64,865 179,442 111,552 1,358 19,087 18,504 1,997 15,499 16,669 - 16,225 15,052 0 0 0 68,220 230,253 161,777	Restricted TOTAL TOTAL Funds 2025 2024 £ £ £ 64,865 179,442 111,552 1,358 19,087 18,504 1,997 15,499 16,669 - 16,225 15,052 0 0 0 68,220 230,253 161,777	Restricted TOTAL TOTAL Funds 2025 2024 £ £ £ 64,865 179,442 111,552 1,358 19,087 18,504 1,997 15,499 16,669 - 16,225 15,052 0 0 0 68,220 230,253 161,777	TOTAL
				168,937		28,641 197,578 148,409
				168,937		28,641 197,578 148,409
				(1,231)		(418) (1,649) 923
				(8,135) -		39,161 31,026 14,291 - - -
				(8,135) 304,879		39,161 31,026 14,291 30,848 335,727 321,435
				296,744		70,009 366,753 335,727
Represented		By
		Unrestricted			Restricted		**Total 2025 **	Total 2024
General(Unrestricted)		22,693			-		22,693	25,203
MaryTaylor Legacy (Unrestricted)		274,051			-		274,051	279,676
Churchyard(Restricted)		-			3,491		3,491	3,531
Fabric Fund(Restricted)		-			18,683		18,683	17,458
Overton Church Heritage(Restricted)		-			42,818		42,818	4,127
Local Support Fund(Restricted)		-			3,881		3,881	3,661
Churches Together Overton(Restricted)		-			749		749	1,201
Weddings and Funerals(Restricted)		-			-		-	-
Other Restricted Funds(Restricted)		-			387		387	870
Total		296,744			70,009		366,753	335,727

These unaudited financial statements have been subject to independent examination. See page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2025

FIXED ASSETS Investments CURRENT ASSETS Debtors Cash at bank and in hand LIABILITIES: AMOUNTS FALLING DUE WITHIN 1 YEAR Creditors and accruals NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted Restricted	2025 2025 2024 2024 Note £ £ £ £ 6 39,602 41,251 39,602 41,251 7,13 8,266 3,573 5 343,565 319,840 351,831 323,414 8,13 24,680 28,938 327,151 294,476 366,753 335,727 9 296,744 304,879 10 70,009 30,848 366,753 335,727	2025 2025 2024 2024 Note £ £ £ £ 6 39,602 41,251 39,602 41,251 7,13 8,266 3,573 5 343,565 319,840 351,831 323,414 8,13 24,680 28,938 327,151 294,476 366,753 335,727 9 296,744 304,879 10 70,009 30,848 366,753 335,727	2024
		41,251 294,476
		335,727
		304,879 30,848
		335,727

The Financial Statements set out on pages 7-15 were approved and authorised for issue by the Parochial Church Council on 16th March 2025 and signed on its behalf by:

Rev James Russell PCC Chair

These unaudited financial statements have been subject to independent examination. See report on page 6. 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2025

1 ACCOUNTING POLICIES

PCC information

The PCC is an unincorporated registered charity in the United Kingdom. The nature of the PCC's operations and principal activities are detailed within the Trustees' Report.

Basis of accounting

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The PCC constitutes a public benefit entity as defined by FRS 102.

Going concern

The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the PCC to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the accounts and have concluded that the PCC has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about its ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Restricted funds are to be used for specified purposes as laid down by the donor and include alms. Expenditure which meets these criteria is also allocated to the fund. Transfers are made from general reserves to restricted funds to cover any overspendings at the year end.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations and Legacies

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due and any conditions associated with receipt have been fulfilled. Funds raised at events are accounted for gross in the hands of the organisers. Sales of books and magazines are accounted for gross.

Grant income

Grants receivable are credited to income for the period for which they are given. Grants received in respect of future periods are treated as deferred income at the balance sheet date.

Other ordinary income

Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure and the related creditor is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes costs undertaken to further the purposes of the charity.

Activities directly relating to the work of the church

The diocesan quota (parish share) is accounted for when payable.

These unaudited financial statements have been subject to independent examination. See report on page 6.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

BALANCE SHEET

For the year ended 31 December 2025

1 ACCOUNTING POLICIES (continued)

Assets

Consecrated and Benefice Property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "Charity" by Section 10(2) (a) and (c) of the Charities Act 2011, such assets are not capitalised in the financial statements.

Moveable Church Furnishings

These are capitalised at cost and depreciated over their useful economic life, other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church inventory in any case.

Debtors

Debtors are initially recorded at cost. Any provision for impairment or non-collectabiliy is deducted from the carrying value in the balance sheet.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Fixed asset investments

Investments are valued at market value at 31 December.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price.

Taxation

The charity is a registered charity and, as such, its income and gains falling within Sections 371 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to charitable objectives.

Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The trustees have not made any significant judgments, estimates or assumptions in the preparation of the financial statements.

These unaudited financial statements have been subject to independent examination. See report on page 6. 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

2 INCOMING RESOURCES Donations and legacies Planned giving:- Collections at all services Grants Sundry donations Charitable activities Church/Rooms Lettings Church Magazine (TEST) Advertisments Fund Raising - General Investments Interest received - bank Interest received - CBF Dividends - CBF Other church activities Fees Church Magazine (TEST) sales Other income Sundry income TOTAL INCOME AND ENDOWMENTS Under covenant & gift aid Income tax recoverable Other planned giving	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2025 2024 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 79,696 - 1,781 - - 81,477 79,714 20,554 - 4,059 - - 24,613 18,715 7,611 - - - - 7,611 7,534 4,824 - 180 - 616 5,620 4,270 - - 250 - - 250 - 1,892 - 55,856 - 2,123 59,871 1,320 Restricted
	114,577 - 62,126 - 2,739 179,442 111,552
	8,605 - - - - 8,605 8,766 8,543 - - - - 8,543 9,088 581 - - - 1,358 1,939 650
	17,729 - - - 1,358 19,087 18,504
	70 - - - - 70 47 12,576 330 394 - - 13,300 14,543 856 1,180 - 93 - 2,129 2,079
	13,502 1,510 394 93 - 15,499 16,669
	11,662 - - - - 11,662 10,259 4,563 - - - - 4,563 4,794
	16,225 - - - - 16,225 15,052
	- - - - - - -
	162,033 1,510 62,520 93 4,097 230,253 161,777

Of the £230,253 income received in the year to 31 December 2025, £162,033 was in unrestricted funds. The general unrestricted income in 2024 was £158,547

By the end of 2025, over £60,000 had been raised for the project to rehang the church bells and this is being kept in the Church Heritage fund (£42,818 in credit at the end of 2025) in readiness for paying the expected project costs of over £100,000. We have received a small grant of £250 and await news on a potential reclaim of VAT (£5,441) on bills paid in 2025 from the Listed Places of Worship scheme.

Collections at services in other restricted funds includes £260 from the Quiz night, £350 from Harvest and £6 for Churches together. Donations made to specific charities (£1,358) and passed on to those charities are shown as general fund raising in other restricted income. Restricted sundry donations include Concert takings for Overton Churches together (£1,473) and donations to the local support fund (£650) Monies received as fees and paid out to the Diocese, Organist or Verger (£7,659) are not included as income or expenditure.

These unaudited financial statements have been subject to independent examination. See report on page 6. 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

3 EXPENDITURE ON CHARITABLE ACTIVITIES AND SUPPORT COSTS

Away Giving Church overseas - missionary Home missions & church societies Ministry of the church Ministry: Diocesan Parish Share Ministry: Other Ministry Costs Church/Rooms: Cleaning and Consumables Church/Roooms: Repairs and Maintenance Church/Rooms: Gas/Electric/Water Church/Rooms: Insurance Church/Rooms: Equipment Building Projects Church: Upkeep of Services Church Magazine (TEST) costs Youth Groups and Outreach Bank Charges Home Group/Discipleship Independent Examination Sundry Expenses Fundraising costs Other Fundraising Support costs Self-employed staff pay TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2025 2024 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 7,970 - - - 588 8,558 6,090 4,810 - - - 1,401 6,211 6,110 Restricted
	12,780 - - - 1,989 14,769 12,200
	61,760 - - - - 61,760 67,985 2,714 - - - - 2,714 3,191 1,064 - - - - 1,064 1,296 5,820 - - - - 5,820 7,198 7,047 - - - - 7,047 7,429 5,191 - - - 129 5,320 5,072 2,826 - - - - 2,826 301 29,262 - 23,822 - - 53,084 1,200 5,173 - - - - 5,173 5,549 10,076 - - - - 10,076 10,158 1,879 - - - 1,800 3,679 1,730 187 - 7 - 1 195 133 73 - - - 275 348 526 1,440 - - - - 1,440 - - - - - 431 431 1,896
	134,512 - 23,829 - 2,636 160,977 113,665
	422 - - - 187 609 -
	21,223 - - - - 21,223 22,544
	168,937 - 23,829 - 4,812 197,578 148,409

Of the £148,409 expenditure on charitable activities in the year to 31 December 2024, £1,560 was attributable to restricted funds and £146,849 to unrestricted funds. The unrestricted expenditure in 2025 was £168,937 (an increase of £22,088 from 2024).

Building projects in 2025 included repair the windows on the South Side of the church (£16,774). There were also architect's costs in relation to improvement of the path in front of the church and possible installation of solar panels on the south-facing roof of the church rooms, with a specialist energy survey (total cost £12,488). Removal of clock hammers and interim payment for Bells cost £23,822 (Church Heritage Fund).

Expenditure in the Other Restricted Funds includes £1,989 donated to charities by individuals from the congregation.

There are also costs of books for the school at Christmas and Easter and costs for JoyZone and the Philippa Hannah concert from the Overton Churches Together Fund shown under Youth and Outreach (£1,800).

Charitable giving is determined by the PCC as 10% of 'Voluntary income plus Investment income'. Additionally, £1,949 in specific donations were paid out to the selected charities as well as £40 in contactless donations at the Remembrance service, passed on to the Royal British Legion.

Mission & Charities UK & Overseas Allocations Andover Foodbank UK A Rocha UK Church Mission Socy/Garry Ion UK Good News for Everyone (formerly called GideonsUK Interserve UK MAF Overseas Mityana Projects Overseas DEC Appeal (Christingles 2025 for Middle East) Overseas Samara's Aid Appeal Overseas SIM (Serving In Mission) Overseas Open Doors Overseas Rooted in Jesus Royal British Legion TOTAL DONATIONS TO CHARITIES

Specific Donations 10% allocation Total Specific Donations 10% allocation Total 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ 548 310 858 276 290 566 - 1,950 1,950 - 1,830 1,830 - - - - 1,830 1,830 - 350 350 - 330 330 - 2,200 2,200 - 1,830 1,830 610 1,950 2,560 500 1,830 2,330 - 620 620 30 600 630 583 - 583 763 - 763 - 1,950 1,950 1,050 1,830 2,880 - 1,950 1,950 - 1,830 1,830 1,500 1,500 - - - 208 - 208 - - - 40 - 40 -

1,989 12,780 14,769 2,619 12,200 14,819

These unaudited financial statements have been subject to independent examination. See report on page 6. 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

4 STAFF COSTS

During the year, leaving aside the Rector (who is not legally employed by the PCC though their expenses of office are provided by the PCC), the PCC paid a part time Parish Administrator, Pastoral worker, Gardener, Cleaner and Vergers. These individuals are considered to be selfemployed. None received remuneration in excess of £60,000.

Wages and salaries Social security costs Pension costs The number of self-emloyed staff during the year was as follows (including occasional verger duties):	2025 2024 £ £ 21,223 22,544 - - - -
	21,223 22,544
	5 7

As permitted by Section 185 of the Charities Act 2011 and Section 14 of the Church of England (Miscellaneous Provisions) Measure 2018 two individuals hold a position as trustee. This is a minority of our trustees and no trustees receive payment or expenses for carrying out their role as a trustee.

The above figures do not include the value of voluntary assistance given by Church members, without which the PCC's work would be much diminished. Further details of the role played by volunteers and their contribution is set out in the Trustees' Report.

5 CASH AT BANK AND IN HAND

Unrestricted General Fabric Church Heritage Churchyard & Cemetry Other Funds Fund Fund Fund Fund £ £ £ £ £ CBF deposit account 22,532 7,852 363 - - Mary Taylor CBF Deposit 276,427 - - - - CAF Bank current account 14,389 - 3,916 41,356 294 5,214 Restricted	Total Total 2025 2024 £ £ 30,747 29,430 276,427 267,599 36,391 22,811
	343,565 319,840

6 INVESTMENTS

VESTMENTS
01/01/2025 CBF investment shares Movement 31/12/2025 CBF investment shares	Unrestricted Total Total General Fabric Church Heritage Churchyard & Cemetry Other 2025 2024 Funds Fund Fund Fund Fund £ £ £ £ £ £ £ 30,799 7,122 - 3,330 - 41,251 40,328 (1,231) (285) - (133) - (1,649) 923 Restricted
	29,568 6,837 - 3,197 - 39,602 41,251

These unaudited financial statements have been subject to independent examination. See report on page 6. 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

7 DEBTORS FALLING DUE WITHIN ONE YEAR

year ended 31 December 2025 TORS FALLING DUE WITHIN ONE YEAR
Prepayments Sundry Debtors	Unrestricted 2025 Restricted 2025 Total 2025 £ £ £ 771 - 771 5,585 1,910 7,495		Total 2024
			£ 782 2,791
		8,266	3,573

Prepayments include the remainder of the 2025 payment for the CCLI Music License which runs until the end of September 2026.

Sundry Debtors include income of £7,495 which had not been received by the end of 2025.

8 LIABILITIES FALLING DUE WITHIN ONE YEAR

Unrestricted 2025 Restricted 2025 Total 2025 £ £ £ Sundry Creditors/Accruals 22,394 806 23,200 Deferred Income 1,358 122 1,480 Other Current Liabilities 24,680	Unrestricted 2025 Restricted 2025 Total 2025 £ £ £ Sundry Creditors/Accruals 22,394 806 23,200 Deferred Income 1,358 122 1,480 Other Current Liabilities 24,680	Total 2024
		£ 20,768 5,989 2,181
	24,680	28,938

Sundry Creditors/Accruals includes allocated payments to Charitable missions of 10% (based on voluntary income) of £12,780 at the year end and other expenses which were incurred in 2025 but not paid out until 2026, as well as historical accruals.

Deferred income includes £679 paid in advance for 2026 room hire and fees, as well as £801 in historical payments.

9 UNRESTRICTED FUNDS

9 UNRESTRICTED FUNDS
Unrestricted Fund Total Unrestricted 10 RESTRICTED FUNDS Fabric Fund Church Heritage Fund Churchyard & Cemetry Fund Other Fund Total Restricted	Balance at Balance at 1 January 31 December 2025 2025 £ £ £ £ £ £ 304,879 162,033 168,937 - 1,231 - - 296,744 Incoming resources Outgoing resources Transfers Movement on investmen
	304,879 162,033 (168,937) (1,231) - 296,744
	Balance at Balance at 1 January 31 December 2025 2025 £ £ £ £ £ £ 17,458 1,510 - 285 - - 18,683 4,127 62,520 23,829 - - - 42,818 3,531 93 - 133 - - 3,491 5,732 4,097 4,812 - - - 5,017 Incoming resources Outgoing resources Movement on investmen Transfers
	30,848 68,220 28,641 - 418 - - 70,009
	30,848 68,220 (28,641) (418) - 70,009

These unaudited financial statements have been subject to independent examination. See report on page 6. 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S, OVERTON, DIOCESE OF WINCHESTER

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2025

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible assets Current assets Creditors falling due within one year Total	Unrestriced funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 29,568 10,034 39,602 41,251 291,856 59,975 351,831 323,414 23,752 - 928 - 24,680 - 28,938 -
	297,672 69,081 366,753 335,727

12 RELATED PARTY TRANSACTIONS

Key Management Personnel

The charity considers its key management personnel to be James Russell, Stuart Williams, Mike Smith, Chris Cates and Ruth Williams. The total employee benefits received by the key management personnel (including employer national insurance and pension contributions) was £7,638 (total employee benefits for the prior year were: £7,314).

Trustee Remuneration

During the year one trustee received remuneration. The remuneration paid during the year was for the employees' role within the charity and not for their role as a trustee.

The total remuneration paid during the year is as follows: Ruth Williams £7638 for administration.(amounts from the prior year were: Ruth Williams administration £7,314 )

During the year the charity also made the following payments to Callum Williams, who is the son of Stuart Williams and Ruth Williams, who are trustees and members of key management]. He received pay for cleaning the Church and Church rooms totalling [£825 (prior year: zero) for providing cleaning services to the charity.

Trustee Expenses

During the year the charity paid expenses to the Rector of £2,422 (prior year: £2,824)

Reimbursement for the purchase of equipment and consumables whilst carrying out duties associated with being trustees were not considered as out of pocket expenses for the trustees. As the church does not have a credit or debit card, it is sometimes necessary for volunteers to purchase goods on behalf of the church and reclaim the costs of the goods.

Trustee Donations

During the year the total aggregated donations made to the charity by the trustees with no conditions was £17,921. During the year the total aggregated donations made to the charity by the trustees with conditions (restricted to the Church Heritage Fund) was £2,000. Total aggregate donations from prior year were £17,200

13 Prior Period Adjustment

The prior year adjustments involve debtor balances for specific restricted funds that were previously labelled as ‘post boxes’ and grouped under other current liabilities. These post boxes were used to track cash received and paid on behalf of third parties, like Diocesan Board fees and veger/organist/visiting clergy fees, without running them through the profit and loss, and were simply kept as net positive or negative liability balances within general current liabilities. The church now uses a new accounting platform, so some work has been done to clear these small balances and reclassify them as restricted funds (including Weddings and Funerals fund and Other Restricted Funds).

As of 31/12/2024, current liabilities stood at £2,181, including £2,809 for the Restricted Local Support Fund and three asset balances: £347 for Winchester Diocesan Board Fees, £45 for verger/clergy/organist fees, and £236 for Churches Together. These three asset balances are now adjusted to move them into sundry debtors, increasing that figure from £2,791 as at 31/12/2024 to £3,419 and increasing the other current liabilities figure correspondingly to £2,809. This allows for the grossed balances to be adjusted appropriately within the new accounting platform.

These unaudited financial statements have been subject to independent examination. See report on page 6.

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