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2025-12-31-accounts

Report of the Trustees and Financial Statements of the Parochial Church Council For the year ended 31st December 2025

Page 1 of 37

2025

VICAR

The Reverend Richard Partridge

BANKERS

National Westminster Bank PLC The Square Bournemouth Dorset BH1 1DU

CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ

CCLA Investment Management Limited The CBF Church of England Funds Senator House 85 Queen Street London, EC4V 4ET

ACCOUNTANTS

STATUTORY AUDITORS

Tide Accounting Limited The Nurseries, Burnt House Lane Bransgore, Christchurch, Dorset, BH23 8AL

Morris Crocker Chartered Accountants Station House, North Street Havant, PO9 1QU

SOLICITORS

ARCHITECT

The Diocesan Registrar Batt Broadbent Solicitors LLP 42 – 44 Castle Street Salisbury, SP1 3TX

Chantrey Conservation Architects Limited The Studio, St Omer, The Street Draycott, Somerset, BS27 3TH

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2025

PCC Membership

The method of appointment of PCC members is set out in the Church Representation Rules. At the Parish of Christchurch the membership of the PCC detailed below. The full PCC met eleven times during the year with an average attendance of 90%

During the period since 1st January 2025, the following served as members of the PCC:

Ex Officio members

Incumbent The Reverend Canon Charles Stewert (retired August 2025) Chairman Assoc Priest The Reverend Richard Pritchard (Interim Vicar and Chair August 2025) Curate The Reverend Samuel Duckhouse Wardens: Mrs Tracy Froud Churchwarden Mr Colin Bacchus Churchwarden Deputies Mr Jeff Perkins Dept.Churchwarden Mr Lester Ruckley Dept.Churchwarden

Churchwarden (to retire at 2026 APCM) Churchwarden (to retire at 2026 APCM) Dept.Churchwarden (to retire at 2026 APCM) Dept.Churchwarden (to retire at 2026 APCM)

Elected Members

Co-opted

Dr James Morton Mr Michael Beams Miss Diana Conway French Mrs Joyce Davies Mrs Ro Hadland Mrs Anusha Hesketh Mr Roger Haxby Mrs Sue Haxby Mr Ian Nelemans Mrs Carole Perkins Mrs Pat Richards Mr Greg Rolls Ms. Diane Wright Ms. Hazel Baker Mrs Josephine Cameron Mrs Sue Haxby Mr Harvey Gollins Mrs Elspeth Sully Mr Will Howard

Vice Chairman (to retire at 2026 APCM) Deanery Synod (to retire at 2026 APCM) Deanery Synod (to retire at 2026 APCM) Deanery Synod (to retire at 2026 APCM) Deanery Synod (resigned April 2026) Deanery Synod (to retire at 2026 APCM) (to retire at 2026 APCM) Deanery Synod (to retire at 2026 APCM) (to retire at 2026 APCM) Maternity Leave PCC Secretary Maternity cover from February 2025 Church & Fanilies Minister Chief Operations Officer Licensed Lay Minister

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2025

The registered name of the PCC is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL Parish OF CHRISTCHURCH HOLY TRINITY (the Charity). The registered number of the charity is 1130918, and statutory information regarding the Parish may be found on the Charity Commission website, which is updated following the Annual Parochial Church Meeting.

The Parochial Church Council of The Ecclesiastical Parish of Christchurch Holy Trinity (PCC) has responsibility for promoting within the ecclesiastical Parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical, in co-operation with the Incumbent.

There are three Churches within the Parish. The Parish Church is Christchurch Priory, and our two daughter Churches, namely St. George's Church, Jumpers, and St. John's Church, Purewell.

Members of the PCC are the trustees of the Charity and present their report with the financial statements of the Charity for the year ending 31 December 2025. The Trustees have adopted the provisions of the 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 (FRS 102).

The Parish of Christchurch is situated in the town of Christchurch, Dorset, it is part of the diocese of Winchester within the Church of England. The correspondence address is the Priory Offices, Priory House, Quay Road, Christchurch, Dorset, BH23 1BU.

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2025

Objects and Activities, Achievements and Performance

Objectives and Activities

The Parochial Church Council of the Parish of Christchurch (Holy Trinity), through its members, officers and committees, has oversight of all aspects of our ministry and mission. This ministry focuses principally on worship, prayer, mission, fellowship, discipleship and active involvement in the local community. A key objective is to make it possible for people of all ages to engage with the Christian faith, whether in our church or in the wider community. The Parish has three churches: Christchurch Priory, (a Grade 1 Listed Building), St George’s, Jumpers; and St John’s, Purewell.

The Priory Church is a member of the Major Churches Network; as such, in addition to serving as the Parish Church of Christchurch, together with all the responsibilities that go with that, it also has a number of quasi-Cathedral responsibilities, including a significant Civic ministry.

Achievements and Performance

During the year these Objectives and activities were reflected in a wide range of ministry and mission across the Parish, specifically through:

Worship and Prayer : This is at the heart of all we do. We offer regular public worship, open and accessible to all, with a strong emphasis on liturgical excellence grounded in sacrament, scripture, music and prayer. We also offer occasional offices – baptisms, weddings, funerals – as part of our pastoral offering to the community. We believe this constitutes a significant public benefit.

Pastoral Care : We offer high-quality pastoral care, both to those who worship with us and also to people in the neighbourhood who need pastoral help. This includes visiting those who are unwell and care for the bereaved.

Mission and Outreach: We seek to advance the whole mission of the Church, through outreach work and engagement in the Parish, and the provision of activities for the whole range of members, not least children, young people and their families. We also provide spaces where community groups can hold meetings.

Masterplan: The Masterplan, with its seven distinct projects, is firmly established as a major priority for the coming years. We continue to work with the National Lottery Heritage Fund who have approved a grant for the Nave Floor and to fund a few vital investigations needed to facilitate other major projects including works to the Nave Roof that is on Historic England’s Heritage at Risk Register, we are focusing on fundraising from Trusts and Major Donors. The purpose of the Masterplan remains to secure the Parish’s viability and the Parish’s fabric for the coming decades.

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2025

Music: One vital aspect of our focus on worship is our music provision, seen in our commitment to enabling the Priory Church’s choral foundation to flourish. We want to make it possible for as many as wish, young and adult, to join one of the Parish’s choirs.

Education: We seek to support the Priory Church of England VA School, through providing collective worship, involvement in appointing Foundation Governors, supporting extra-curricular Christian activities, and supporting music in the school. We also work with other schools in the Parish and the surrounding area.

Civic Ministry : The Priory Church has an extensive civic ministry. We fulfil our civic responsibilities and opportunities in collaboration with Bournemouth, Christchurch, and Poole (BCP) Council, Christchurch Town Council and a wide range of local partners. We believe this, too, brings considerable public benefit.

Discipleship : The purpose of discipleship is to make it possible for people to grow in their Christian faith; this happens principally through sermons, courses and small group studies.

Culture : The Priory Church is the main cultural venue in the area; as such our aim is to support other local organisations, including choirs, musicians and artists, by providing a space for concerts and exhibitions.

Fabric: For our ministry and mission to flourish, it is important that the fabric of the Parish is kept in good order; specifically, that the Priory Church, St George’s Jumpers, St John’s Purewell, Priory House and Grounds, St. George’s Hall, and other buildings under the PCC management are well maintained and, when necessary, conserved and repaired.

Sacred Space: The existence of the Priory, and the fact that it is open, means we seek to make its sacred space accessible for personal prayer and contemplation.

Charitable Support : We regularly support emergency/disaster appeals, as part of our outward giving.

Deanery Synod: Four members of the PCC sit on the deanery synod. This provides the PCC with an important link between the Parish and the wider structures of the church.

Page 6 of 37

2025

Financial Review

The year has seen a marked change in income due to the value of funds. There have been three significant increases in the form of an unrestricted legacy and the absorbing of the Waterfield Trust charity and the Master Plan Campaign (note 2a). All other income activity remained on a par with prior year levels.

Total receipts on unrestricted funds were £ 1,073,520 of which £ 17,539 was investment income in the form of interest and dividends.

Receipts to restricted funds amounted to £ 546,718 which included interest of £ 55,738 and dividend income from investments totaled £21,640.

The four properties at Jumpers Road, Wickfield Avenue, Priory Cottage and the Priory House flat brought in a gross income of £ 54,675.

Donations through planned giving saw an increase during the year of £ 15,068 to £ 97,962.

Throughout the year, the cost of general operating activities remained steady. The committed cost of utilities, insurance and the requirement to pay the Common Mission Fund were the main focus of expenditure.

Funds withdrawn from unrestricted investments to cover general expenditure was £313,051.

Funds withdrawn from restricted funds to cover qualifying expenditure was £ 113,221. Exceptional costs from restricted fund money was used to pay for the preparation expenses for Foundations for the Future (previously known as the Master Plan) and the Nave floor refurbishment which was undertaken in early 2026.

Whilst not technically expenditure, the value of the share investments were revalued by the bank throughout the year reducing their value during the twelve months by £ 31,424.

New utility contracts were sourced and aligned for a 3 year period commencing October 2025.

The decision has been taken to move the PCC accounting platform away from Liberty to Sage Accounting. The switch has been made as a result of the need to simplify the reporting structure across the PCC and to allow for a better understanding of the financial situation that the charity is in. We have also taken the opportunity to separate Christchurch Priory Enterprises Limited from the PCC structure to allow better and more accurate analysis of its data moving forward.

The year also saw the absorbtion of the Mary Waterfield Charity (Waterfield Trust) into the PCC. This included both the endowment fund and cash fund held at CCLA. Details are included in note 10 on page 26.

Page 7 of 37

2025

Investment and Reserves Policy

Investment Policy:

The Finance Committee, acting in consultation with and under the authority of the PCC, continues to place funds on deposit, and these should be available on demand.

Certain long-term funds of the PCC are held in Central Board of Finance Equity Income Funds, with a view to obtaining long-term capital and income growth. Full details of investments held at 31 December 2025 may be found on pages 25 and 26 of this report.

Investments we have in the CBF Deposit funds are in keeping with our overall objectives of being social, environmental, and ethical.

Free Reserves Policy:

The free reserves of the Parish, available to meet day to day running expenses, increased to £1,263,877 as at 31 December 2025.

Apart from the Gue Legacy of £7,223 which can only be used for the benefit of St John’s, the remaining unrestricted funds of £1,256,654 have been designated by the PCC. There will be a need to re-designate some of these funds for general purposes.

A full summary of accumulated funds as at 31 December 2025 is on page 28 of this Report.

Page 8 of 37

2025

Structure, Governance and Management

RISK MANAGEMENT

The PCC has a risk register which covers the major risks to which the charity is exposed; this is updated at least annually. Where appropriate, systems and procedures have been established to mitigate the risk that the church faces. Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitors.

Financial Risk

Day-to-day management of financial risk is delegated to the Finance Committee by the PCC, and it is this Committee that is responsible to the PCC for controlling all Funds within the Parish. Cash Flow is kept constantly under review. Each month PCC Members receive the Minutes of the preceding Finance Meeting together with a report from the Chairman.

Reference to the Summary of Accumulated Funds (Reserves) within the Parish at 31 December 2025, page 28, reveals that the Unrestricted Free Reserves of the Parish were in surplus by £1.2m. Although the Parish is in surplus we will continue to work within budgets.

Reputational Risk

This can be minimised by encouraging best practice in all aspects of the Parish’s management, thereby reducing the risk of inappropriate actions which would have a damaging effect on the Parish. This extends both to Staff and Volunteers, all of whom need to be familiar with their duties and adhere to laid down procedures.

Statutory and Legal Requirements

The PCC endeavours to comply with Church of England guidelines, Charity Commission regulations, Accountancy procedures, Health and Safety requirements, and all other legislation relating to the conduct of its affairs.

Operational Risk

Other than the Financial Risk detailed above, the PCC believes that the Operational Risk to the Parish is relatively low. The main concern is the fabric of Christchurch Priory, but the Property Committee has the responsibility for ensuring that all relevant matters are brought to the attention of the PCC.

Social Policy

To meet our objective of compassion the PCC has a Benevolent Fund. The Benevolent Fund is able to support the poor, sick and needy within the Parish of Christchurch before Parish boundary changes in 2005. It can, therefore, be deployed to those in need in the previous Parishes of Christchurch and Mudeford (the latter now part of the Benefice of the River Mude).

Page 9 of 37

2025

This is a restricted fund with the initial opening balance being the merger of the Christopher Austin Legacy Fund, Historic Charities Fund and Maberley Trust. Christopher Austin Legacy Fund was always part of the Parish accounts, and the other two funds were transferred to the Parish accounts at the end of 2018. Regular interest payments are received from the endowments from the above funds.

The PCC has given its authority to the Vicar and Churchwardens to approve grants to be paid out from this fund.

Grants totalling £11,240 were paid out of the Parish Benevolent Fund during 2025 which included £5,635 for the food bank, being £1,980 of regular monthly contributions, £1,900 for Christmas meals and hampers, and £1,755 to support other local non-food projects. £5,605 was given to Somerford Primary School to enable children of specific classes to go on educational school trips. Many of these young people would not have been able to go on these trips as their families do not have enough income to afford such trips during the current cost of living crisis.

Fundraising policy

Due to the size of our congregation and the number of donations of all sizes that we receive each week we cannot fully investigate each donation. However, the PCC takes precautions in our fundraising to ensure the protection of the public, including vulnerable persons from unreasonable intrusive or persistent fundraising approaches, and undue pressure to donate. The Finance Officer would take seriously any expression of dissatisfaction we may receive and would be reported to the Chair of Finance.

We would resolve internally, however, if a complaint cannot be resolved, it would be further escalated to the Chair of the PCC, who will nominate an independent reviewer to consider the merits of the complaint and any resulting actions. If necessary, the PCC will contact the Charity Commission for advice and guidance.

The PCC did not receive any fundraising complaints in 2025.

The PCC follows the General Data Protection Regulation (GDPR) and monitors the use of data carefully, particularly concerning donor data. Our privacy policy covers how we use donor data and gives donors the option to opt out of any contact or make a formal complaint.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to comply with the House of Bishops’ guidance on safeguarding children and vulnerable adults).

Volunteers

The members of the PCC would like to thank all the volunteers who work so tirelessly to make our church a lively and vibrant community.

Page 10 of 37

2025

Remuneration policy

We place great value on our highly talented, dedicated, and passionate staff team, without whom we could not deliver against our vision, mission and objectives. Our remuneration policy ensures that pay is competitive within our sector, rewards staff fairly and enables the staff team to feel valued.

Our principles are to reward staff, irrespective of seniority informed by the following:

Fairness: without discrimination and with attention to cross-entity parity Differentiation: to reflect a combination of what is achieved and the way it is achieved. Compliance: with all HMRC and Charity Commission requirements. Affordable: with good stewardship.

Page 11 of 37

2025

Christchurch Priory Enterprises Limited

The Financial Statements of Christchurch Priory Enterprises Ltd (Registered Company number 01883301) are fully consolidated within the PCC’s Financial Statements, in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) (FRS 102).

The PCC is the Beneficial Owner of 100% of the Issued Share Capital of Christchurch Priory Enterprises Ltd and exercises its control through nominee shareholders appointed by the PCC. All of the profits of the Company are transferred to the PCC for the benefit of Christchurch Priory.

CHRISTCHURCH PRIORY ENTERPRISES LIMITED Profit and Loss Account for the year ended 31 December 2025

----- Start of picture text -----
2025 2024
£ £
Turnover 302,243 260,334
Cost of sales (116,534) (103,598)
Gross Profit 185,709 156,736
Administrative expenses (162,522) (153,332)
Other operating income 2,220 -
Operating Profit 25,407 3,404
Interest receivable 330 539
Profit before Taxation 25,737 3,943
Tax on profit - -
Profit for Financial Year 25,737 3,943
Dividends - -
Reserves brought forward (13,108) (17,051)
Reserves carried forward 12,629 (13,108)
----- End of picture text -----

Page 12 of 37

2025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2(a)
Other trading activities
2(b)
Investments
2(c)
Charitable activities
2(d)
Other income - Waterfield Trust
Other
2(e)
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Charitable activities
3(a)
Raising funds
3(b)
Other
3(c)
TOTAL EXPENDITURE
Realised gains
5(a)
Unrealised revaluation gains / (losses)
5(b)
NET GAINS / (LOSSES)
NET (EXPENDITURE) / INCOME
BALANCES AT 1 JANUARY 2025
BALANCES AT 31 December 2025		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
1,278,347
336,525
0
1,614,872
383,900
428,799
89,346
0
518,145
576,979
21,988
119,738
0
141,726
128,830
51,380
0
0
51,380
52,330
0
7,976
293,993
301,969
0
52,585
8,169
0
60,754
9,654
1,833,099
561,754
293,993
2,688,846
1,151,693
741,620
116,059
0
857,679
973,071
340,298
0
0
340,298
380,470
(7,058)
62,013
0
54,955
42,347
1,074,860
178,072
0
1,252,932
1,395,888
0
0
0
0
3,716
7,646
9,214
(18,236)
(1,376)
74,032
7,646
9,214
(18,236)
(1,376)
77,748
765,885
392,896
275,757
1,434,538
(166,447)
1,888,382
3,451,130
3,313,670
8,653,182
8,819,629
2,654,267
3,844,026
3,589,427
10,087,720
8,653,182
TOTAL FUNDS

Page 13 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY CONSOLIDATED BALANCE SHEET

AS AT 31 December 2025

Note
FIXED ASSETS
Tangible
Freehold land and buildings
4(a)
Fixtures and equipment
4(b)
Building refurbishments
4(c)
Investments
4(d)
TOTAL FIXED ASSETS
CURRENT ASSETS
Stock
Debtors and prepayments
6
Bank and cash balances
LIABILITIES
Creditors and accruals
7
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY
Accumulated funds
14
Unrestricted
Restricted
Endowment		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
819,465
632,622
2,874,557
4,326,644
4,296,597
36,291
71,583
0
107,874
127,426
339,862
106,800
0
446,662
512,630
15,776
49,379
714,870
780,025
547,648
1,211,394
860,384
3,589,427
5,661,205
5,484,301
33,968
0
0
33,968
29,899
51,698
0
0
51,698
64,393
1,482,177
2,983,642
0
4,465,819
3,211,299
1,567,843
2,983,642
0
4,551,485
3,305,591
(124,970)
0
0
(124,970)
(136,710)
1,442,873
2,983,642
0
4,426,515
3,168,881
2,654,267
3,844,026
3,589,427
10,087,720
8,653,182
2,654,267
0
0
2,654,267
1,888,382
0
3,844,026
0
3,844,026
3,451,130
0
0
3,589,427
3,589,427
3,313,670
2,654,267
3,844,026
3,589,427
10,087,720
8,653,182
TOTAL FUNDS

Approved by the PCC of The Ecclesiastical Parish of Christchurch Holy Trinity and signed on its behalf by:

Reverend Richard Partridge Chairperson of the PCC 22nd April 2026

Page 14 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY
CONSOLIDATED CASHFLOW STATEMENT
YEAR ENDED 31 DECEMBER 2025
Cash flows from operating activities:
Net movement in funds for the reporting period
(as per the Statement of Financial Activities)
Adjustments for :
Depreciation
Endowment - Waterfield Trust
(Profit) on sale of fixed assets
Surplus / (Loss) on revaluations
(Increase) / Decrease in stocks
Decrease / (Increase) in debtors
(Increase) in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of plant and equipment, building refurbishments
Visitor Centre expenditure
Proceeds from the sale of investments
Purchase of investments
Internal debtors less creditors
Net cash provided by investing activities
Cash and equivalents at the beginning of the reporting period
Cash and equivalents at the end of the reporting period		 £
£
£
£
1,434,538
(166,447)
88,375
88,375
(293,993)
0
0
(3,716)
1,376
(74,032)
(8,777)
(4,708)
17,416
12,761
(22,901)
(218,504)
26,829
45,509
1,216,034
(120,938)
(2,855)
(2,655)
0
0
46,770
87,618
0
0
(5,429)
(3)
38,486
84,960
1,254,520
(35,978)
3,211,299
3,247,277
4,465,819
3,211,299
2,025
2,024

Page 15 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1 Accounting Policies

Basis of accounting

The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP (FRS 102).

The Consolidated Financial Statements include the Assets and Liabilities and Income and Expenditure of Christchurch Priory Enterprises Ltd (CPEL) and Christchurch Priory Building Conservation Trust (CPBCT). The statements 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.

The Financial Statements have been prepared under the historical cost convention except for the valuation of certain Fixed or Investment Assets which have been valued on the bases disclosed in these Accounting policies. The Financial Statements include all transactions, assets and liabilities for which the PCC is responsible in law.

The Financial Statements have been prepared on a going concern basis.

Special collections (listed on page 31) are those where the PCC has discretion as to the selection of grant recipients and the timing of the payment, and so recognises the income and associated expense in the statement of financial activities.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from the investment of the endowment may be used either as restricted or unrestricted funds depending on the purpose for which the endowment was established.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent is carried forward as a balance on that fund.

Unrestricted funds are general funds, which can be used by the PCC for ordinary purposes, and include funds designated by the PCC.

Income and Endowments

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Legacies are accounted for when the PCC is legally entitled to the amounts due, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Dividends are accounted for when receivable. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Grants

Income from grants is recognised when there is evidence of entitlement, receipt is probable and the amount can be measured reliably.

Expenditure

Grants or donations are accounted for when paid, or when awarded, if that creates an obligation on the PCC. All other expenditure is recognised when it is incurred and is accounted for gross. Rentals payable under operating leases are charged to the statement of financial activities on a straight-line basis over the term of the lease.

Fixed assets:

Consecrated property:

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

Freehold Land and Buildings: PCC Fund page (22) and Priory House Fund (page 23)

These freehold properties were professionally valued as at 31 December 2019 by Ms Rebecca Newton, MRICS, RICS Registered Valuer who is unconnected with the PCC. These properties do not fall to be formally re-valued until January 2026. An annual review takes place internally to establish whether there has been any permanent diminution in the value of freehold land and buildings. The Trustees are not aware of any factors which would have materially altered freehold land and buildings values since 2024. No depreciation is provided on the basis that, considering their residual values and length of expected lives, any depreciation would be immaterial.

Page 16 of 37

2,025

Basis of valuation - 31st December 2025

St George’s Church Hall has been valued on the “Depreciated Replacement Cost” basis. Depreciated Replacement Cost is defined as the current replacement cost of the hall with its modern equivalent, reduced by deductions for physical deterioration and all relevant forms of obsolescence and optimisation. An estimate of the value of the land associated with the hall is then added to obtain the current value of its freehold interest.

Residential Properties within the PCC Fund and the Priory House Fund have been valued on the basis of their market value calculated by reference to the Nationwide House Prices Index as applied to the prior year valuation.

Changes in valuation from year to year are shown as unrealised gains or losses, which are respectively credited or charged within the Statement of Financial Activities (SOFA).

Fixtures and equipment – Christchurch Priory Enterprises Ltd:

Fixtures and equipment owned by the subsidiary company Christchurch Priory Enterprises Ltd are stated at cost less depreciation.

Fixtures and equipment (including moveable church furnishings) :

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are included as inalienable property unless consecrated, and are listed in the Church’s Inventory. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 are stated in the accounts at cost and depreciated at rates calculated to write off the cost on a straight-line basis over the expected useful economic lives of the assets concerned as follows:

Pipe Organ Enhancement: 20 years Building Refurbishments: 10 years Fixtures & Equipment: 4 to 7 years

All expenditure incurred in the year on consecrated or beneficed buildings, on individual items costing £6,750 or less, or on the repair of moveable church furnishings is written off in the year in which the expenditure is incurred.

Investments:

Investment asset values at 31 December 2025 are based upon the average of Bid prices published by Investment Managers in accordance with FRS 102.

Gains and losses on investments:

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Current assets:

Stock is valued at the lower of cost and net realisable value .

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors. Short term debtors are measured at transaction price, less any impairment.

Bank balances are held with CCLA Investment Management Ltd - CBF Church of England Funds, National Westminster Bank plc, and CAF Bank Ltd.

Current Liabilities:

Short term creditors are measured at the transaction price.

Listed Places of Worship Grant Scheme

65% of VAT previously qualifying for a Grant under this scheme falls to be relieved, under the Charities and Cathedral Scheme, leaving just 35% to be relieved under this Scheme.

Page 17 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2025

(a)
Donations and legacies
Planned giving:
Gift Aid donations
Parish Giving Scheme
Tax recoverable
Other planned giving
Collections (open plate)
Mary Waterfield Charity
Donations Box
Visitors Box
General donations, appeals etc
Legacies
Friends of Christchurch Priory
(b)
Other trading activities
Christchurch Priory Enterprises Ltd
Shop
Catering
Church Hall lettings
Wickfield Avenue rent
St George's House rent
Priory House lettings
Priory House Fund		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
16,091
0
0
16,091
36,770
66,341
0
0
66,341
38,986
11,839
0
0
11,839
2,143
3,691
0
0
3,691
4,995
97,962
0
0
97,962
82,894
25,443
0
0
25,443
102,455
0
0
0
0
8,523
35,975
0
0
35,975
7,576
590
0
0
590
410
60,496
1,200
0
61,696
25,969
1,057,881
335,325
0
1,393,206
27,220
0
0
0
0
128,853
1,278,347
336,525
0
1,614,872
383,900
49,415
0
0
49,415
47,428
252,828
0
0
252,828
212,906
22,368
0
0
22,368
25,379
19,000
0
0
19,000
17,100
17,600
0
0
17,600
9,900
1,967
0
0
1,967
5,247
0
89,346
0
89,346
107,384
TOTAL FUNDS
Fund-raising events 57,985
0
0
57,985
147,028
Music Fund
St Michael's Loft Museum
Floodlights
Flowers
Parish Office external charges		 1,748
0
0
1,748
0
2,205
0
0
2,205
3,415
500
0
0
500
569
3,183
0
0
3,183
623
0
0
0
0
0
428,799
89,346
0
518,145
576,979

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YEAR ENDED 31 DECEMBER 2025

2 INCOME AND ENDOWMENTS FROM (continued)

(c)
Investments
Bank interest
Dividend Income:
Christchurch Priory Building Conservation Trust
Lindop Fund (Priory - Music)
Tithe Chancel Fund (Priory - Insurance)
White-White Fund (Priory - Fabric)
Music Fund (Priory - Music)
Master Plan
Shute Fund
Waterfield
Parish Benevolent Fund
(d)
Charitable activities
Parochial fees retained
Parish News
Garden of Rest
Votive Candles
(e)
Other
Listed Places of Worship Grant Scheme
- general
CPEL insurance claim
Sale of shares
Waterfield Trust - new
TOTAL INCOME AND ENDOWMENTS		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
21,988
29,623
0
51,611
36,383
0
42,706
0
42,706
64,927
0
4,615
0
4,615
4,507
0
923
0
923
0
0
878
0
878
858
0
2,697
0
2,697
927
0
25,770
0
25,770
20,692
0
3,255
0
3,255
0
0
8,169
0
8,169
0
0
1,102
0
1,102
536
21,988
119,738
0
141,726
128,830
26,498
0
0
26,498
22,558
1,727
0
0
1,727
0
15,158
0
0
15,158
21,679
7,997
0
0
7,997
8,093
51,380
0
0
51,380
52,330
3,595
0
0
3,595
9,654
2,220
0
0
2,220
0
46,770
0
0
46,770
0
0
16,145
285,824
301,969
0
52,585
16,145
285,824
354,554
9,654
1,833,099
561,754
285,824
2,677,422
1,151,693
TOTAL FUNDS

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3 EXPENDITURE ON

3
EXPENDITURE ON
(a)
Charitable activities
Discretionary missionary and charitable giving:
Home missions and Church societies
Priory School
Secular charities (including relief agencies)
Special Collections
Ministry:
Common Mission Fund
Clergy allowances
Other clergy costs
Church running expenses
Church maintenance
Priory restoration and conservation
Organists, choir and music
Training costs - Education
Priory House Fund
Upkeep of:
Garden of Rest
Church Halls		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
0
0
0
0
35,809
3,000
0
0
3,000
0
3,880
0
0
3,880
6,434
6,880
0
0
6,880
42,243
0
9,861
0
9,861
6,470
137,407
0
0
137,407
121,075
0
0
0
0
0
5,052
0
0
5,052
0
107,561
0
0
107,561
66,888
53,572
13,220
0
66,792
218,370
0
17,048
0
17,048
19,126
17,251
0
0
17,251
12,457
1,437
0
0
1,437
1,667
0
49,114
0
49,114
27,310
9,103
0
0
9,103
0
0
0
0
0
0
TOTAL FUNDS
Priory House 14,865
0
0
14,865
51,201
St George's House
Wickfield Avenue
Salaries
Depreciation
Professional fees:
- accountancy & consultancy
- audit
- investment portfolio management fees
Miscellaneous		 0
0
0
0
0
1,290
0
0
1,290
3,090
298,976
0
0
298,976
286,908
64,067
24,308
0
88,375
88,375
13,834
0
0
13,834
12,024
10,325
0
0
10,325
12,466
0
2,508
0
2,508
2,613
0
0
0
0
788
741,620
116,059
0
857,679
973,071

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3
EXPENDITURE ON (continued)
(b)
Raising funds
Donations and legacies
Christchurch Priory Enterprises Ltd
- Shop		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
0
0
0
0
4,058
46,601
0
0
46,601
28,624
TOTAL FUNDS
- Catering 232,455
0
0
232,455
228,306
Music Fund
Events
Miscellaneous projects
(c)
Other
Support costs (see Note 11)
Miscellaneous
TOTAL EXPENDITURE		 0
0
0
0
0
61,242
0
0
61,242
72,365
0
0
0
0
47,117
340,298
0
0
340,298
380,470
39,765
0
0
39,765
33,576
(46,823)
62,013
0
15,190
8,771
(7,058)
62,013
0
54,955
42,347
1,074,860
178,072
0
1,252,932
1,395,888

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4 TANGIBLE FIXED ASSETS

(a) FREEHOLD LAND AND BUILDINGS: PCC FUND

4
TANGIBLE FIXED ASSETS
(a)
FREEHOLD LAND AND BUILDINGS: PCC FUND
CHURCH HALL
St George's Hall
01-Jan
31-Dec
Valuation at 31 December 2025
RESIDENTIAL PROPERTIES
15 Wickfield Avenue
01-Jan
Unrealised revaluation gain / (loss)
31-Dec
St George's House
01-Jan
Unrealised revaluation gain		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
345,000
0
0
345,000
345,000
345,000
0
0
345,000
345,000
345,000
0
0
345,000
345,000
0
622,042
0
622,042
600,348
0
10,580
0
10,580
21,694
0
632,622
0
632,622
622,042
466,530
0
0
466,530
450,260
7,935
0
0
7,935
16,270
TOTAL FUNDS
31-Dec 474,465
0
0
474,465
466,530
Valuation at 31 December 2025
TOTAL AT VALUATION		 474,465
632,622
0
1,107,087
1,088,572
819,465
632,622
0
1,452,087
1,433,572
TOTAL UNREALISED GAINS / (LOSS) 7,935
10,580
0
18,515
37,964

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4 TANGIBLE FIXED ASSETS (continued)

(a) FREEHOLD LAND AND BUILDINGS (continued): PRIORY HOUSE FUND

PRIORY HOUSE FUND
Priory House
01-Jan
31-Dec
Priory Cottage
01-Jan
Unrealised revaluation gain / (loss)
31-Dec		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
0
0
1,300,000
1,300,000
1,300,000
0
0
1,300,000
1,300,000
1,300,000
0
0
678,025
678,025
654,379
0
0
11,532
11,532
23,646
0
0
689,557
689,557
678,025
TOTAL FUNDS
Old Stable Block
01-Jan
31-Dec
Car Park
01-Jan
31-Dec
Pleasure Gardens
01-Jan
31-Dec
TOTAL AT VALUATION
TOTAL UNREALISED GAINS / (LOSSES)
TOTAL		 0
0
150,000
150,000
150,000
0
0
150,000
150,000
150,000
0
0
675,000
675,000
675,000
0
0
675,000
675,000
675,000
0
0
60,000
60,000
60,000
0
0
60,000
60,000
60,000
0
0
2,874,557
2,874,557
2,863,025
0
0
11,532
11,532
23,646
819,465
632,622
2,874,557
4,326,644
4,296,597

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4 TANGIBLE FIXED ASSETS (continued) (b) FIXTURES AND EQUIPMENT

----- Start of picture text -----
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2,025 2,024
GENERAL £ £ £ £ £
Gross book value
01-Jan 248,346 277,096 0 525,442 523,564
Additions 0 0 0 0 1,878
31-Dec 248,346 277,096 0 525,442 525,442
Depreciation
01-Jan 199,789 199,005 0 398,794 376,387
Charge for the year 15,899 6,508 0 22,407 22,407
31-Dec 215,688 205,513 0 421,201 398,794
Net book value 31 December 2025 32,658 71,583 0 104,241 126,648
Net book value 31 December 2024 48,557 78,091 0 126,648 147,177
CHRISTCHURCH PRIORY ENTERPRISES LTD
Gross book value
01-Jan 8,880 0 0 8,880 8,103
Additions 2,855 0 0 2,855 777
31-Dec 11,735 0 0 11,735 8,880
Depreciation
1 January and 31 December 8,102 0 0 8,102 8,102
Net book value 31 December 2025 3,633 0 0 3,633 778
Net book value 31 December 2024 778 0 0 778 1
TOTAL NET BOOK VALUE
31-Dec-25 36,291 71,583 0 107,874 127,426
31-Dec 49,335 78,091 0 127,426 147,178
(c ) BUILDING REFURBISHMENTS (Priory House and St George's Hall)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2,025 2,024
£ £ £ £ £
Gross book value
01-Jan 545,246 178,000 0 723,246 723,246
Additions 0 0 0 0 0
31-Dec 545,246 178,000 0 723,246 723,246
Depreciation
01-Jan 157,216 53,400 0 210,616 144,648
Charge for the year 48,168 17,800 0 65,968 65,968
31-Dec 205,384 71,200 0 276,584 210,616
Net book value 31 December 2025 339,862 106,800 0 446,662 512,630
Net book value 31 December 2024 388,030 124,600 0 512,630 578,598
----- End of picture text -----

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----- Start of picture text -----
Unrestricted Restricted Endowment TOTAL FUNDS
4(d) INVESTMENTS Funds Funds Funds 2,025 2,024
£ £ £ £ £
Tithe Chancel Fund (Note 10) CBF Investment Fund Income Shares
01-Jan 0 0 33,228 33,228 32,484
Unrealised (loss) / gain 0 0 (1,328) (1,328) 744
Valuation at 31 December 2025 0 0 31,900 31,900 33,228
White-White Fund (Note 10) CBF Investment Fund Income Shares
01-Jan 0 0 31,606 31,606 30,899
Unrealised (loss) / gain 0 0 (1,263) (1,263) 707
Valuation at 31 December 2025 0 0 30,343 30,343 31,606
Garden of Rest CBF Investment Fund Accumulation Shares
01-Jan 62,835 0 0 62,835 145,163
Investments sold during the year (46,770) 0 0 (46,770) (87,618)
Realised gain 0 0 0 0 0
Unrealised (loss) / gain (289) 0 0 (289) 5,290
Valuation at 31 December 2025 15,776 0 0 15,776 62,835
Lindop Legacy (Note 10)
CBF Investment Fund Income Shares
01-Jan 0 0 166,093 166,093 162,377
Investments during the year 0 0 0 0 0
Realised gain 0 0 0 0 3,716
Unrealised (loss) / gain 0 0 (6,640) (6,640) 0
CBF Property Fund Shares
01-Jan 0 0 0 0 0
Investments sold during the year 0 0 0 0 0
Realised gain 0 0 0 0 0
Valuation at 31 December 2025 0 0 159,453 159,453 166,093
Parish Benevolent Fund (Note 10) CBF Investment Fund Income Shares
01-Jan 0 0 39,666 39,666 38,778
Unrealised (loss) / gain 0 0 (1,586) (1,586) 888
Valuation at 31 December 2025 0 0 38,080 38,080 39,666
Shute Fund (Note 10) CBF Investment Fund Income Shares
01-Jan 0 0 117,148 117,148 114,527
Investments during the year 0 0 0 0 0
Unrealised (loss) 0 0 (4,683) (4,683) 2,621
Valuation at 31 December 2025 0 0 112,465 112,465 117,148
----- End of picture text -----

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----- Start of picture text -----
Unrestricted Restricted Endowment TOTAL FUNDS
4(d) INVESTMENTS (continued) Funds Funds Funds 2,025 2,024
£ £ £ £ £
Music Invested Fund (Note 10)
CBF Investment Fund Income Shares
01-Jan 0 34,168 62,904 97,072 94,900
Investments during the year 0 0 0 0 0
Investments sold during the year 0 0 0 0 0
Realised gain 0 0 0 0 0
Unrealised (loss) / gain 0 (1,366) (2,515) (3,881) 2,172
Valuation at 31 December 2025 0 32,802 60,389 93,191 97,072
Waterfield Trust
Opening Balance 0 7,976 293,993 301,969 0
Investments during the year 0 8,601 0 8,601 0
Investments sold during the year 0 0 0 0 0
Realised gain 0 0 0 0 0
Unrealised (loss) / gain 0 0 (11,753) (11,753) 0
Valuation at 31 December 2025 0 16,577 282,240 298,817 0
TOTAL AT VALUATION 15,776 49,379 714,870 780,025 547,648
TOTAL UNREALISED (LOSSES) / GAINS (289) (1,366) (29,768) (31,423) 12,422
TOTAL REALISED GAINS 0 0 0 0 3,716
5(a) SUMMARY OF REALISED GAINS / (LOSSES)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2,025 2,024
£ £ £ £ £
Investments - Note 4(d) 0 0 0 0 3,716
0 0 0 0 3,716
5(b) SUMMARY OF UNREALISED GAINS / (LOSSES)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2,025 2,024
£ £ £ £ £
Freehold Land and Buildings (PCC) - Note 4(a) 7,935 10,580 0 18,515 37,964
Freehold Land and Buildings (PHF) - Note 4(a) 0 0 11,532 11,532 23,646
Investments - Note 4(d) (289) (1,366) (29,768) (31,423) 12,422
7,646 9,214 (18,236) (1,376) 74,032
----- End of picture text -----

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YEAR ENDED 31 DECEMBER 2025

6
DEBTORS AND PREPAYMENTS
Sundry debtors
Prepayments and accrued income
7
LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR
Sundry creditors
Accruals and deferred income
8
AUDIT COSTS
Audit of Parish accounts:
Provision for the current year
Under accrual from previous year
9
STAFF COSTS
Salaries
National Insurance Contributions
Pension contributions		 2,025
2,024
£
£
32,623
40,663
19,075
23,730
51,698
64,393
2,025
2,024
£
£
(124,538)
(136,710)
0
0
(124,538)
(136,710)
Unrestricted
Restricted
Funds
Funds
2,025
2,024
£
£
£
£
11,128
0
11,128
11,128
(803)
0
(803)
1,338
10,325
0
10,325
12,466
2,025
2,024
£
£
265,940
178,371
21,718
15,977
11,318
7,603
298,976
201,951
TOTAL FUNDS
TOTAL FUNDS
TOTAL FUNDS
TOTAL FUNDS

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10
ACCUMULATED FUNDS
Note
Parish General Funds
Other Funds
Priory
Priory General No. 2
Tithe Chancel
4(d)
Lindop Legacy
4(d)
White-White
4(d)
Music Fund: Capital Investments
4(d)
Music Fund: Income / stock
Parish Benevolent Fund
Shute Fund
Fabric
Conservation Programme - Phase 5
Bell Restoration
Children and Youth Ministry Work
Choir General
Choir General - Belgium Trip		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2,025
2,024
£
£
£
£
£
155,470
0
0
155,470
69,921
20,096
0
0
20,096
20,008
0
0
31,900
31,900
33,228
0
0
159,453
159,453
166,093
0
0
30,343
30,343
31,606
0
32,802
60,389
93,191
97,072
0
0
0
0
0
0
88,634
38,080
126,714
137,144
0
103,025
112,465
215,490
215,719
17,923
126,843
0
144,766
176,866
19,232
0
0
19,232
18,401
0
19,677
0
19,677
17,685
55,658
0
0
55,658
85,293
0
2,879
0
2,879
5,518
0
0
0
0
(2,180)
TOTAL FUNDS
Choir Training and Education 0
5,410
0
5,410
5,176
Building Conservation Trust
Building Conservation Fund (PCC)
Pipe Organ
Capital Development
Master Plan
Minor Capital
Garden of Rest: Invested
4(d)
Priory House Fund
Special Projects
St George's Building Fund
St George's Fabric Fund
Waterfield Trust
Visitors Box(virtual)
St George's Flowers(virtual)
St John's
Special Projects
Gue Legacy
Asset Funds
Freehold land and buildings
4(a)
Fixtures and equipment
4(b)
Building Refurbishments
4(c)
Rounding
Christchurch Priory Enterprises Ltd
TOTAL ACCUMULATED FUNDS		 0
1,358,623
0
1,358,623
1,280,326
0
160,414
0
160,414
155,461
0
1,294
0
1,294
1,340
929,978
0
0
929,978
147,173
0
831,086
0
831,086
509,817
4,078
0
0
4,078
4,035
15,776
0
0
15,776
62,835
0
285,755
0
285,755
260,748
185,934
0
0
185,934
184,010
0
2
0
2
2
7,979
0
0
7,979
7,634
0
16,577
282,240
298,817
0
0
0
0
0
351
0
0
0
0
968
0
0
0
0
1,250
7,223
0
0
7,223
6,911
1,263,877
3,033,021
714,870
5,011,768
3,630,490
819,465
632,622
2,874,557
4,326,644
4,296,597
36,291
71,583
0
107,874
127,426
339,862
106,800
0
446,662
512,630
(1)
(1)
(1)
39,303
0
0
39,303
16,119
1,234,920
811,005
2,874,557
4,920,482
4,952,771
2,654,267
3,844,026
3,589,427
10,087,720
8,653,182
TRUE
TRUE
TRUE
TRUE
TRUE

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STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM
Voluntary income
Activities for generating funds
Investment income
Church activities
Other income - Waterfield Trust
Other income
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON
Charitable activities
Raising funds
Other
TOTAL EXPENDITURE
Realised gain on sale of investments
Unrealised (loss) / gain on revaluations
NET GAINS / (LOSSES)
NET INCOME
BALANCES AT 1 JANUARY 2025
BALANCES AT 31 December 2025		 2,025
2,024
£
£
1,628,342
383,885
229,246
316,277
77,483
65,738
54,975
52,330
301,969
0
2,331
9,654
2,294,346
827,884
853,799
973,032
65,122
123,540
48,729
35,750
967,650
1,132,322
0
3,716
(1,376)
74,032
(1,376)
77,748
1,325,320
(226,690)
7,392,192
7,618,882
8,717,512
7,392,192
TOTAL FUNDS

Page 29 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2025

11 FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF CHRISTCHURCH HOLY TRINITY EXCLUDING CHRISTCHURCH PRIORY ENTERPRISES LTD AND CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST

BALANCE SHEET

BALANCE SHEET
Note 2,025
2,024
TOTAL FUNDS
£
£
FIXED ASSETS
Tangible fixed assets
Freehold land and buildings
4(a)
Fixtures and equipment
4(b)
Building refurbishments
4(c)
Investment in Christchurch Priory Enterprises Ltd
5 £1 ordinary shares
Loans
Other investments
4(d)
TOTAL FIXED ASSETS
CURRENT ASSETS
Stock
Debtors and prepayments
Bank and cash balances
LIABILITIES
Amounts falling due within one year
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY
Accumulated funds
Unrestricted
Restricted
Endowment		 4,326,644
4,296,597
107,874
127,426
446,662
512,630
5
5
35,882
35,450
779,593
547,648
5,696,660
5,519,756
3,096
3,096
51,698
64,393
3,071,571
1,900,997
3,126,365
1,968,486
97,344
96,050
3,029,021
1,872,436
8,725,681
7,392,192
2,650,851
1,907,718
2,485,403
2,170,804
3,589,427
3,313,670
8,725,681
7,392,192

Page 30 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 December 2025

12 SPECIAL COLLECTIONS

12
SPECIAL COLLECTIONS
TOTAL FUNDS
2,025 2,024
£ £
Church Overseas:
0 0
Relief and Development Agencies:
0 0
Home Missions and Other Church Societies and Organisations:
Macmillan Coffee Morning 0 355
Macmillan Caring Locally 0 420
Childrens Society 272 0
Christchurch Food Bank 0 685
Priory School Bibles 50 35
Secular Charities:
Cancer Research 0 12
Julia House 43 0
RNLI 0 129
365 1,636

The foregoing Special Collections were received for the charities mentioned, and have been included in the income and expenditure of the PCC.

13 TRUSTEE EXPENSES AND RELATED PARTY TRANSACTIONS

Members of the PCC who claimed expenses or who were paid remuneration whilst fulfilling their duties during the year are detailed below.

s during the year are detailed below.
2,025 2,024
£ £
(a) Clergy (including the Vicar, Reverend R Partridge and Reverend S Duckhouse)
During 2025 the Clergy received the following:
Reimbursements of actual expenditure (hospitality, telephones) 5,052 5,253
(b) Mr G Rolls (PCC member)
Gross salary 27,810 27,521
Employer's NIC 3,215 2,537
Pension 1,248 1,017
actions with connected persons of members of the PCC and other related parties:
(c) Key Management Personnel Compensation
Gross salaries (none earned more than £60,000) 138,513 138,059
Employer's NIC 16,873 14,006
Pension 5,986 4,093

Transactions with connected persons of members of the PCC and other related parties:

Page 31 of 37

2,025

The Parish's buildings (including contents) were insured as follows:
2,025
2,024
PCC
£
£
Church Hall:
St George's Hall
3,660,000
2,960,000
Residential properties:
15 Wickfield Avenue
417,389
391,158
St George's House
474,300
444,494
Priory House Fund
Priory House
6,471,328
6,129,638
Priory Cottage
891,690
835,653
Old Stable Block
580,083
449,454
Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2025
Shop
Café
Total
Total
£
£
£
£
Trading income
49,415
252,828
302,243
260,334
Other income
0
2,550
2,550
539
49,415
255,378
304,793
260,873
Expenditure:
Purchases
44,702
71,832
116,534
126,683
General Expenses
1,899
160,623
162,522
130,247
46,601
232,455
279,056
256,930
Net (loss) / profit
2,814
22,923
25,737
3,943
Sums Insured		 The Parish's buildings (including contents) were insured as follows:
2,025
2,024
PCC
£
£
Church Hall:
St George's Hall
3,660,000
2,960,000
Residential properties:
15 Wickfield Avenue
417,389
391,158
St George's House
474,300
444,494
Priory House Fund
Priory House
6,471,328
6,129,638
Priory Cottage
891,690
835,653
Old Stable Block
580,083
449,454
Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2025
Shop
Café
Total
Total
£
£
£
£
Trading income
49,415
252,828
302,243
260,334
Other income
0
2,550
2,550
539
49,415
255,378
304,793
260,873
Expenditure:
Purchases
44,702
71,832
116,534
126,683
General Expenses
1,899
160,623
162,522
130,247
46,601
232,455
279,056
256,930
Net (loss) / profit
2,814
22,923
25,737
3,943
Sums Insured		 The Parish's buildings (including contents) were insured as follows:
2,025
2,024
PCC
£
£
Church Hall:
St George's Hall
3,660,000
2,960,000
Residential properties:
15 Wickfield Avenue
417,389
391,158
St George's House
474,300
444,494
Priory House Fund
Priory House
6,471,328
6,129,638
Priory Cottage
891,690
835,653
Old Stable Block
580,083
449,454
Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2025
Shop
Café
Total
Total
£
£
£
£
Trading income
49,415
252,828
302,243
260,334
Other income
0
2,550
2,550
539
49,415
255,378
304,793
260,873
Expenditure:
Purchases
44,702
71,832
116,534
126,683
General Expenses
1,899
160,623
162,522
130,247
46,601
232,455
279,056
256,930
Net (loss) / profit
2,814
22,923
25,737
3,943
Sums Insured		 The Parish's buildings (including contents) were insured as follows:
2,025
2,024
PCC
£
£
Church Hall:
St George's Hall
3,660,000
2,960,000
Residential properties:
15 Wickfield Avenue
417,389
391,158
St George's House
474,300
444,494
Priory House Fund
Priory House
6,471,328
6,129,638
Priory Cottage
891,690
835,653
Old Stable Block
580,083
449,454
Christchurch Priory Enterprises Ltd Summary of Trading and Net Assets - 2025
Shop
Café
Total
Total
£
£
£
£
Trading income
49,415
252,828
302,243
260,334
Other income
0
2,550
2,550
539
49,415
255,378
304,793
260,873
Expenditure:
Purchases
44,702
71,832
116,534
126,683
General Expenses
1,899
160,623
162,522
130,247
46,601
232,455
279,056
256,930
Net (loss) / profit
2,814
22,923
25,737
3,943
Sums Insured
Accumulated profit / (loss) reserves brought forward (13,108)
(17,051)
Net (loss) / profit for the year
Share capital
Net (liabilities) / assets at 31 December
Historical costs of revalued tangible fixed assets
Church Hall:
St George's Hall
Residential properties:
Priory House Fund
Old Stable Block
15 Wickfield Avenue
St George's House
Priory House
Priory Cottage		 25,737
3,943
5
5
12,629
(13,103)
Book value
Valuation
Total
30.11.2014
31.12.1997
£
£
£
132,968
132,968
100,000
100,000
104,000
104,000
1,264,866
1,264,866
375,000
375,000
125,000
125,000
1,764,866
336,968
2,101,834

Page 32 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2025

13 RELATED PARTY TRANSACTIONS (continued)

The following trustees were members of related entities:

TRUSTEE RELATED TRUSTEESHIP
Reverend Richard Partridge Christchurch Priory Building Conservation Trust (Registered Number 1107139)
The Charity of Mary Waterfield (Registered Number 1055323)
The Charity of Captain William Gordon Shute ICW Christchurch Priory
(Registered Number 234102 – removed from the Register of Charities 11
February, 2022)
Mr Colin Bacchus Christchurch Priory Building Conservation Trust (Registered Number 1107139)
The Charity of Mary Waterfield (Registered Number 1055323)
The Charity of Captain William Gordon Shute ICW Christchurch Priory
(Registered Number 234102 – removed from the Register of Charities 11
February, 2022)
Mrs Tracy Froud Christchurch Priory Building Conservation Trust (Registered Number 1107139)
The Charity of Mary Waterfield (Registered Number 1055323)
The Charity of Captain William Gordon Shute ICW Christchurch Priory
(Registered Number 234102 – removed from the Register of Charities 11
February, 2022)
Director of Christchurch Priory Enterprises Limited
Mrs Joyce Davies Friends of Christchurch Priory Church (Registered Number 1063246)
Mrs Diane Wright Friends of Christchurch Priory Church (Registered Number 1063246)

There were no related party transactions between the above trustees and any of the related trusteeships.

Page 33 of 37

2,025

THE PCC OF THE ECCLESIASTICAL PARISH OF CHRISTCHURCH HOLY TRINITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 December 2025

Priory House Fund Summary of Income and Expenditure - 2025

Activities for
Investment income
Church
Professional fees
Bank charges
Net profit
Internal transfers
Net movement in funds during the year
Funds at 31 December
Funds at 1 January
Resources expended:
Incoming resources:		 Priory House
Fund
Priory House
CBF
Total
2025
Total
2024
£
£
£
£
89,346
0
89,346
107,384
1,692
4,892
6,584
4,079
91,038
4,892
95,930
111,463
49,114
0
49,114
27,310
2,508
0
2,508
2,613
83
0
83
62
51,705
0
51,705
29,985
39,333
4,892
44,225
81,478
152,478
108,270
260,748
179,631
(154,674)
135,456
(19,218)
0
39,333
4,892
44,225
81,117
37,137
248,618
285,755
260,748

Page 34 of 37

2,025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE PCC OF THE ECCLESIATICAL PARISH OF CHRICTCHURCH HOLY TRINITY

Opinion

We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Christchurch Holy Trinity (the ‘charity’) and its subsidiaries for the year ended 31 December 2025 which comprise the Consolidated Statement of Financial Activities, the Group and Balance sheets and Cashflow statements and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 35 of 37

2,025

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity’s or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern.

Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues and management override concerning the size of the organisation.

We set financial statement materiality level based on the level of income. As a not for profit organisation raising income is its primary focus which is why income was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level.

Substantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested.

Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override.

The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation.

Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity’s members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitable charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Underwood (Senior Statutory Auditor) for and on behalf of MC Audit Limited Statutory Auditors Lake House 2 Port Way Port Solent Portsmouth Hampshire PO64TY

Date:…....................................................8 May 2026

Page 36 of 37

2025

Approved by the Parochial Church Council on 22nd April 2026 and signed on its behalf by :

Rev'd Richard Partridge (Chair)

Interim Vicar The Reverend Richard Partridge

Churchwardens

Mr Colin Bacchus Mrs Tracy Froud

Contact Us

Priory House Quay Road Christchurch BH23 1BU 01202 485 804

www.christchurchpriory.org

instagram @thepriorychurch facebook @christchurchpriory

Page 37 of 37