St Peter's Church, Hersham ST PETER'S CHURCH HERSHAM Parochial Church Council's Report and Unaudited Accounts for the year ended 31 December 2025
St Peter's Church, Hersham Legal and Administrative Information Structure and GovemanTr of the Parochial Church Council Statement of Responsibilities of the Trustees Independent Examinerfs Report 10 ststement of Financial Activities Balance Sheet 12 Notes to the Financial Statements 13
St Peter's Church, Hersham Incumbent and Ghair of Parochial Church Council Revd. Jackie Richardson "# Licensed Lay Minister Deborah Lock Church Wardens Linda Convery '# (from 12" June 20251 Lynne Watson "# Andrew Strong . Representatives on the Deanery Synod Suzanne Barrett # Margaret Hicks # Other Parochial Church Council Trustees Paul Adams (until 25th May 2025) Jane Anderson Gillian Coates Katherine Ind Malcolm Reid . (Treasurer) Karen Richards . (PCC Secrelaryl Pat Shore Tony Skrzypecki . Andrew Strong. Clare Warne Children and Families Minister Melissa Wood (commenced September 20251 Safeguarding Officer Lynne Watson Pastoral Assistsnts Sarah Tourell {Parish Secretary) Lorelie Stsines Pastoral Visitors Sue Burke Susan Chauncy Margaret Hicks Julie Mills Vauxmead Trust Committee Tony Skrzypecki Lynne Watson Justine Lee Web Site www.stpetershersham.com Principal address The Parish Office 1 Burwood Road, Hersham Surrey. KT12 4AA theoffice@slpetershersham .com Bank Lloyds Banking Group plc, 83 High Street, Wallonvon-Thames, SUeY Iff12 1DU Independent Examiner Wamer Wild8 Limited, Charter8d Certified Accountants and Registered Auditors 4 Marigold Drive, Bisley, Surrey, GU24 9SF Architect Adam Hieke RIBA of Nye Saunders Health and Safety Officer Mark Hover PCC charity registration number Vauxmead Trust charity registration number 1131361 1131361-1 ' Members ofthe Standing Committe8
Ex-offic¢o members of the PCC
A Andrew Strong served as Church Warden until 12 June 2025 and in that capacity was an ex-oificio member of the Standing Committee and PCC. Thereafter, he continued tr) serve as a member of the PCC.
St Peter's Church, Hersham The Parochial Church Council of St Peterfs Hersham (the"PCC") presents its report and accounts, incorporating the Vauxmead Trust as a linked charity, for the year ended 31 December 2025. Structure, governance, and management The PCC, which is in the Diocese of Guildford, is part of the Church of England and was estsblished by the Parochial Church Council's (Powers) Measure 1956. as amended, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended)- It is a charity registered with the Charity Commission, regulated by the Charities Act 2011 which requires the PCC to report to its congregation and the public at large. PCC members are Trustees of the Charity. Members of the PCC (who are the Trustees of the Charity) are appointed in accordance with the Church Representation Rules and normally are elected for a three-year term by nomination of parishioners. New PCC members are briefed on their responsibilities by the Incumbent as PCC Chair. In line with Diocesan requirements and where appropriate, PCC members receive training on safeguarding. sign a Role Description letter and are subject to Disclosure and Barring Service (DBS) checks. The PCC meets regularly during the year to manage the ordinary business of the Parish, such as the appointment of officers, expenditure and budgeting, the balance and type of our social events, risk management, safeguarding, data protection. equipment needs, property matters, and issues raised by the Teams. Day-to-day operational management of the Parish is undertaken by the Incumbent and Church Wardens working closely together. The Parish has an executive committee, the Standing Committee. which sets the PCC agenda and transacts business beeen PCC meetings. The Standing Committee is also able to agree items of expenditure. within rtain parameters, beeen PCC meetings and. in some cases, makes recommendations to the PCC on items. The PCC is the Managing Trustee of the Vauxmead Trust. Its status has been updated in accordance with legal advice commissioned by the PCC and in consultation with the Charity Commission, and with approval of the Guildford Diocesan Board of Finance (as Custodian Trustee of the Vauxmead Trust), the Charitable Trusts (Validation) Act 1954 has been applied to the Will of Mr. Vaux dated 5 October 1928 in respect of the Vauxmead Trust. A linking direction was subsequently issued by the Charity Commission on 31 January 2023 which requires the Vauxmead Trust to be treated as forming part of the PCC for the purposes of Part 4 (registration) and Part 8 (accounting) of the Charities Act 2011. Accordingly. the accounts of the Vauxmead Trust are incorporated into this report and with separate disclosure where required. The PCC as the managing Trustee of the Vauxmead Trust appoints the members of the Vauxmead Committee to carry out its duties. The Vauxmead Committee operates independently from the PCC reflecting the different obligations of the Vauxmead Trust. whilst also taking account of the alignment of aspects of the PCC'S and the Trust's objectives. It reports to the PCC all matters which require decision or approval for major expenditure. The Safeguarding Officer ensures that the PCC has a Safeguarding Policy and supporting procedures, that they are implemented. and that the Church takes seriously its responsibility for the care and nurture of children and vulnerable adults. The Officer is a member of the PCC. The PCC has adopted the Church of England "Promoting a Safer Church" Policy Statement, national policies. and Practice Guidance of the House of Bishops and supporting dioGesan safeguarding protocols. The Health and Safety Officer seeks to prevent accidents and injuries to those involved with the work of St Peter's and those visiting the Church's premises. The role is also to implement health and safety policies in accordance with the latest guidance working with the Standing Committee and PCC. Objectives and activities The PCC has the responsibility of co-operating with the Incumbent. and the Licensed Lay Minister with the objective of promoting in the Parish the whole mission of the Church - pastoral, evangelistic, socia5. and ecumenical. It ensures payment of the Parish's contribution to the Parish Ministry and Diocesan costs via the Parish Share, and has the responsibility for all the Parish's assets. including its land and buildings.. the Church. the Church Hall. St Peter's Lodge. the Women's Institute Hall. St Peter's Institute. and the Vauxmead field and the restricted funds it holds. Each year the PCC has taken time to think strategically and review its Church Development Plan for the coming year with the assistance of the Mission Enabler team from the Diocese. In the resulting Plan, agreed by PCC. the three main objectives remain:
St Peter's Church, Hersham 1. Build Spiritual confidence and grow disciples. 2. Develop Intergenerational worship and fellowship. 3. Grow Community Relationships During 2026. the Plan will be updated and changes will be set out in next year's annual report. From July 2026, the Parish will welcome Tristan Stone as Curate to undergo his training and support our mission objectives. To assist with the organisation of the many activities carried out by St Peterfs Church. the PCC has Strategic Vision Groups, each headed by a member of the PCC which are responsible for their budgets and executing the tasks that the PCC has determined. They operate under terms of reference approved in 2021 by the PCC. Each PCC member signed a Role Description letter describing their responsibilitieslrole within the team framework. There are three main Vision Groups of "Care" "Grow" and "Share" in addition to support groups of Fabric. Property, Administration, Stewardship and Treasury. Within these Strategic Groups. the Teams and responsibilities are as follows: Care Worship & Deanery Grow Youth Services Share Publicity Pasloral Care & Welcome Christian Discipleship Developing Cornmunty relations Fabric & Health & Safety Vauxmead Committee Strategic & Propety Treasury & Stewardship Adminislralion & Parish Hall Safeguarding Commtttee The PCC has given due regard to guidance issued by the Charity Commissioners in deciding what activities the Church should undertake and has complied with the Charity Commission guidan on public benefit, and with Section 4 of the Charities Act 2011. The report of the ProedIngS of the Parochial Church Council during 2025 can be viewed on the Church's web site and minutes from each PCC meeting are put on the church entrance notice board. PCC meetings were held in 2025 in person, and Standing Committees moved to meeting in person from November 2025. During 2025, the Vauxmead Committee met or liaised by email to discuss matters regarding renewal of leases for the St Peter's Institute and the Guide Hut with legal advice and discussion with the Diocese, and to resolve matters of maintenance and site management. The Guide Hul lease renewal was signed in July 2025 effeclive for 5 years from 1 St November 2024. Achievements and performance In 2025:_ The PCC approved the sale of the Lodge on 23 July 2025. This was a much-debated decision as it involved the sale of a long-held asset, but the funds expected to be released will provide investment income and seed funding for the various projects the church needs to undertake in the future. The Trustees continued to pay close attention to the financial health of the church. Grant of £6,000 was received from Benefact Trust for the work of the Children Ministry with the appointment of Melissa Wood in September 2025. A grant of £30.000 was awarded to the church to carry out works in 2026 to set up a Community Café so that people who collect food could stay and meet others from the community. Works, paid for by the anonymous donation of £15,000 in 2024, continued in the graveyard and the balance of £2,400 has been taken to reserves for future work. Many members of the congregation and local community assisted in making a graveyard a place of natural beauty and serenity with 6 benches provided from individual donations. The PCC continued to ensure that Health & Safety is given due care and attention. and that the property of the Parish is maintained. With help from the Diocese, the Church Development Plan with its 3 main objectives was reviewed and expanded. The PCC sought permission from the DI0Se and Charity Commission to use the capital of the endowment funds of Messrs. ES Blake and GJ Christian for expenditures consistent with their initial restrictions. This permission was granted on 9 June 2025.
St Peter's Church, Hersham The PCC is pleased to report that, in 2025. no major adverse risk events arose. The Annual Parochial Church Meeting was held on 25 May 2025 at which the reports of the Strategic Vision Groups together with the 2024 accounts were presented and approved and these are available on the Church's Website. Financial results of activities In 2025. our unrestricted congregational giving increased as follows: 2025 2024 £105,681 £98.070 +7/0 +16% 2023 £84,772 Voluntary income" lo change "Exduding restricted sundry donations, fund raising. legaaes and gifts-in-kind, bul including gift aid lax benefit. A Stewardship Campaign was held in 2025, and those who already give, have been generous in increasing their giving but there remains a serious overall net deficit after all expenditures: giving by others to the tune of just £10 or £20 per month could greatly assist towards reducing the annual deficit. In 2025, our total unrestricted income (excluding Vauxmead) of £202,093 decreased compared with 2024 (£216.313) due to the net effect of the following.. No Legacies were bequeathed to the church for its use compared to £20,000 in 2024. Increase in giving by the Congregation. Halls rental income had a net increase of £1,800. This would have been greater but was affected by failures of the heating systems in both halls in late Winter 2024125. An adviser was appointed in 2025 to assist with obtaining grants to support current and future projects for the church. Weddings and Funerals income and expenditure remained largely constant from 2024 to 2025. and actual numbers of services were as follows.. No. of servIS 2025 2024 Weddings Funeral services 25 22 Of the Funerals, 2 were conducted at St Marks Church. Whiteley Village. where we have taken over the administration of funerals. With respect to costs items,. Increase in costs generally due to inflation. Major church expenditure for the Hall heating systems totalling £10,000 but the Wl hall costs were partially offset by a generous donation from the Women's Institute of £2,000. Expenditure was incurred in 2025 for legal works totalling £11,630 for finalising registration of title for the Wl Hall. renewing the lease for St Peter's Institute., in agreeing a new ground lease for the Vauxmead guide hut. The PCC strategy is to develop the Vauxmead site within the new terms of the trust approved in 2024. The 2025 budget had included a full year for a Children and Families Minister. but the post was vacant for the 8 months to September 2025, reducing costs for this valuable contribution to the church mission for the young children. The unrestricted activities of the PCC recorded a deficit of £32,150 against a deficit in 2024 of £42,310. There were however surpluses on the restricted funds activities of Vauxmead of £16,198 (2024: £14.600}, which are transferred to the Church. The underlying valuations for the Lodge. Parish Hall and Vauxmead buildings are maintained at their 2024 values due to the uncertainties affecting the market for property in Hersham. For the restricted items, some grants were received from the Benefact Trust for £6,000 towards the 3 years. tenure of the Children and Families Ministry, from the Charity of Robert Phillips covering the costs of the gospel Choir of £3,000: and a generous donation of £3,500 was made towards the cost of the Community Café where the first phase is to be completed in 2026. The substantial part of the cost to organise the back of the church to house the café is being funded by a Community Infrastructure grant from Elmbridge Council The Treasury Team reports to the Standing Committee and thence to PCC for overall stewardship of the financial resources. The team's normal activities range from giving financial guidance. to assisting the PCC in the assessment of its budgets. the disposition of assets and fund raising. through to the day-to-day accounting for
St Peter's Church, Hersham income and expenditure, banking funds received. insurance. payroll administration, payment of invoices and gift aid claims. This includes the preparation of annual revenue budgets and accounts and cash position for review by the Standing Committee and PCC. The 2026 budget recognised that the PCC'S revenue budget remained in deficit and will need to fund the housing costs of the Curate for his tenure. The PCC recognises that it will need to continue to manage the finances closely. On this basis, as the PCC believes that it has sufficient financial resources to meet its currently anticipated needs. these financial statements have been prepared on a going concem ba51S. Pollcy on reserves The PCC retained a range of unrestricted and restricted funds which are described in Notes to the Financial Statements. The Revaluation Reserves in the past relate to revaluation surpluses arising on the Church Hall building and St Peter's Lodge. It is the agreed intention of the PCC to dispose of the Lodge to provide investment funds income and provide seed funding for the capital projects proposed by PCC for the Community Café and Vauxmead development amongst others plus the contingent cost of heating replacement, should the radiator circulation pipework fail in the church. It was agreed by PCC that the capital of the Endowments be realised making adequate funds available, but that these funds be used in accordan with their orFginal purposes from 2026. In 2025. the PCC has benefitted from the net surplus arising from the management of the Vauxmead site by £16,198 (2024 £14,600). The PCC'S approach to the management of its reserves is conservative but consistent with the requirement to fund its activities to meet its vision. Management of risk The PCC continues to identify and manage the risks which arise from its day-to-day activities. The PCC views those risks under the headings of governance, operational. financial. external and regulatory. A Risk Register is maintained. Areas of risks from the Risk Register are brought to the attention of the PCC for review as a part of the slanding agenda over the year and areas for consideration include the following- Annual budget and quarterly reporting Authority levels Bank mandate Financial reserves policy Health & safety Insurance policies Key-holders Public relations policy Safeguarding of children and vulnerable adults The giving by St Peter's congregation was not sufficient to cover the church's running costs in 2025. a further review is being undertaken in 2026 to explore all options to close the funding gap. Investment policy The Treasury Team reports quarterly the level of funds in its current account to ensure that money is readily available to meet our day-to-day needs. Vauxmead During 2025. the Vauxmead Trust committee met to consider strategic. planning and management issues although much of its focus was on the issue of agreeing the terms for the lease renewal with the Guides which required legal advice. The committee kept the PCC and Standing Committee up to date on important matters which included its considerations on the future usage of the site and how to improve the facilities available to support its future activities. Important steps were made in the year to Clarify the optimal way forward and the PCC as a team visited the site in November to understand fully some draft proposals which had been prepared. In 2025, the buildings on the site continued to be used by their respective tenants with the Burwood Preschool. a not-for-profit registered charity, renting the St Peter's Institute Hall- the Guides renting the land for their building and the Foodbank using the garage for food storage and distribution. The use of the site by these groups
St Peter's Church, Hersham contributes to meeting the purpose of supporting the local community. It currently makes the Vauxmead field and buildings self-sufficient from a financial perspective and enables the PCC to enhance its local community links by providing important outreach opportunities. It is understood that the Foodbank will vacate the garage in the first half of 2026 which will provide an opportunity for alternative uses in the short and medium term. Mission Support donations The ongoing policy of the PCC is to donate each year a proportion {currently, circa 12 % ) of its budgeted voluntary income from regular giving (incl Gift Aid). for the work of Chrislian mission. both abroad and in the UK. In 2025. the PCC donated £2.700 to our home mission, the Hersham Youth Trust. and three overseas missions, Casa Reom in Mozambique - £3.700. The Peace and Hope Trust- £1,700. and £2.700 to Mission Aviation Fellowship. In addition. through prayer and collections at specific events, additional donations were made to Shooting Stars Children's Hospice. The Children's Society, Elmbridge CAN. and Rentstart. The Future During 2025. the PCC continued to apply funds towards work of the Strategic Vision Groups and support groups and most important. to deliver the Church's Development Plan. In 2025, a bible studies class began. In December, the Diocese Mission Enabler team was invited to hold a workshop to design a path for the parish to grow and to develop groups to concentrate on Spirituality, ensuring that faith isn't just something that we do on Sundays. These studies will continue into 2026. The most significant project in 2025 and taking a considerable amount of the management team's time, was the consideration of capital projects to bolster the community use of the church and Vauxmead, such as a Community Café in the church. The intention is that the café will operate on Wednesdays when the Hersham Village Center is shut so people will be free to attend the café to have social interaction, avoiding loneliness and possible depression. Simple fare with drinks will be provided on a "donate what you can, if you can" basis. A budget for 2026 was approved at the PCC meeting on 21 St January 2026. Overall, it shows a £27.647 deficit and includes housing costs for the new Curate from June 2026. A personal note from tho Vlcar On behalf of the PCC, I thank everyone involved in the different groups and teams that make up the St Peterfs family. The ministry team and wardens appreciate the part that each of you play in the ministry and mission of our church. The total voluntary activities of the PCC, the various Teams and their members and many other volunteers are considerable and without them, the PCC could never ensure the efficient operation of the church and its activities. Signed on behalf of the Parochial Church Council. Or) Revd. Jackle Rlchardson Chair of PCC "USZ /7a2026
St Peter's Church, Hersham Statement of Responslbilities of the Trustees The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving and true and fair view, the Trustees should follow best practice and: 1 . Select suitable accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent. 2. State whether applicable accounting standards and statements of recommended practice have been followed. subject to any departures disclosed and explained in the financial statements. 3. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. 4. Prepare the financial statements on the going concem basis unless it is inappropriate to presume the Charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity. and which enable them to ascertain the financial position of the Charity, and which enable them to ensure that the financial statements comply with applicable regulations. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
St Peter's Church, Hersham Independent Examiner's Report Independent Examinerfs Report to the Members as Trustees of St Peter's Parochial Church Council I report on the accounts of the Parochial Church Council for the year ended 31 December 2025 which are set out on pages 11 to x. Res ive res onsi ilities of Trust s and Examiner.. The Charity's Trustees are responsible for the preparation of the accounts. The Charitys Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the "2011 Acf,) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145 (5) (b) of the 2011 Act), and to state whether particular matters have come to my attention. My examination was carried out in accordan with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair, view. and the report is limited to those matters set out in the statement below. Indèpendent examlner's statemant In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records,. or the accounts did not comply with the app5icable requirements Conrning 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 the independent examination. 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Frances Wilde FCCA MBA DChA Warner Wilde Limited Chartered Certified Accountants and Registered Auditors 4 Marigold Drive Bisley Surrey GU24 9SF Date: ifi Aedl 2026 10
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Statement of Flnancial Activities for the Year Ended 31 December 2025 Tutal Unl¢t Rwtrf(od En¢lown&it Fvnds Funds F4 rolaT Fund& Fund# Fts#d# INCO fr(rfn GeyEratfrd F5 (bTvJfEgaliona givi [Xwli(s, Jegacies & Sdry 1107,7951 {1,6591 123.1941 14.3391 1130,9891 15,9981 1121.3691 132.6341 16.0611 1154.0031 16.LI511 Inthr from eharilable activities 117.4871 11.1201 131.8681 118,60n 1108.5291 118.1131 (70.7701 133.0211 from Inve51Trnts IT5,1521 11.5081 11.3201 1202.0931 160,5211 11,5081 1264.1221 1216.3131 16S.655 11.3201 P83.2871 EXPENtNTURE Funds PAIng arilaNe aGlivrties 7.037 227,206 7.037 263.264 5.194 253.431 5.194 325.224 34.0 1,508 71.793 Tclal Exp2ThtW8 234.243 34.550 270.301 255.625 71.793 330.418 19ainsyk6ses on investrlS 11.5321 11.5321 Ilal 1lr<¥neyExlLr0 32.150 125,9711 6.179 41312 6,138 12,8521 45.599 Trsfer betTr fLW 18, 19, 20 110.5311 142.0751 115,7051 14.385 21.619 168.0451 52,6(kS 6.180 26.607 11.5321 45,$99 1st Jarnory 11,232.7751 1243,3581 152,6061 11.528.739) 11.259.382) 1263.8811 151.0741 11,5T4.33n TOT FUNDS CAnED FORW at 31st December 11.211,1511 1311.JlQ11 11,522.S581 If.232.TTS1 1243.3581 152.6061 11,528,739) Th8 State1 of flnancial 8cINibes IludeS 98ins and lossès rttcgnised in th8 year. eXndItUre derive frem continuirg acbviltes. Page11
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Balance Sheet as at 31 December 2025 hbte FIXED ASSETS Tangible fixed as$8t$ Inve5111 property Invesirrenls .250 241.5JO 553,643 851.5(NJ 52.606 10 TOTAL NXED A8gFryts 791.750 Inveslrroni property hdd for se Stock t*bto Cash al bank and n hand 10 $10.0 250 10.121 119.647 250 11.208 74,1 13 14 TOTAL CURRElA$SE7S 740.018 85.623 UABiunES: AKILNTS FALUNG 15 (9.2101 114.6331 NET CURREMf ASSE15 730.808 70.990 1.522.558 1.$28.739 fuTh1& of the P8r(thlal CIMr¢h c11 lthrestricted incorfÈ funds Ithre$iriGl Fevalualion res6 89.157 1,122.Q)O 110.775 1.122.0(K) TOTAL UNRESThCTED IoE FLNDS 1.211.151 1,232,n5 Reslricled in¢onE funds Reslncled revau811cn reseNe 19 16 79.401 11,368 232,000 TOTAL RESThCTED IIICOME FUNC6 311.401 243.358 EThJOnt fund5 Reswve 18 52.8( TOTAL PCC FlIDs 1.522.558 1.528.739 Ih8 linavGial s18tern¢5 we apwo¥ed by the KC Trus1 cfi 22 1 2026 &'wed by Ravd. Jackie A'¢hard50n Tw5tee G4 /A/zoZ Page 12
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Flnancial Statements for the Year End•d 31 December 2025 1 ACCOLwllNG POUCIES Chrlty Irthmation Sl P81e¢s Hprsham Pamchial thurch Councll is a charity regi$lerÈd %%ilh the tharily corTI55n and a part of th8 ChuKh of Enand e51aNishd by the Parochial ClCh G118 {Pl)Vr5) Va$ure 1958 as arfrKled by the Cthurch Representat F4Jles. 1.1 AcctITlj Convenllon The financial slalemlS have FKep8red In accordance trh Parochial lThurch thuncl's gowemlng docunEnl, the 0ritIeS Act 2011 and 'A¢Gwnlirg arvj The Parochial Church CK)unc ha5 18ktrn a(vanlag8 of the provisiM& in the SlateTtEnl of RecornwKl&Y PrauiGe ISORPI for Charities apYing FRS 102 Update P1111 I not lo wepare a SlaleNEnt of Cash Ro¥sE. The financl•l statEnts hay& departed from the CarFti8s (Accounts and Rewtsl Rtyjlolions 2008 only to the extent requred tts provide a true and fair vitw. Thk8 (JEpartUf8 has involved f10ing th& statenI of ReGormEnded Pracli¢8 for ttwrilt8 8pplying FRS rather than the Versi of the SORP Ythich ' referred lo in Regulalions bui hss sirKe been Wlhdravm. Thè fin8ncial sialwrenls ar¥ prer1 n ster1. vthich is the fun¢lion& of the ParcthiaF (Jurch Council. M)netary 8frwn15 in thes¢ financial $lalenEnis are rounded to the Ir&t £. ThÈ financid slalerEnls have been preparad under thtr hi51oricd cost eonw•)tth, rrodifi&J lo indude qny r8vdualKm of freehdd proFrties to irtlude inveslmjt properties and Gertain finanoid instrUnIS 8t f8ir value Th8 ncl 8¢cwnting poli¢s adopted are set out bebw. The acc(xJnl$ include 8clivitfdS of the V8uxrrthl Trust under d linking dryctive dated 31 Jgnuary 2023. 12 GrAw Corurn At the lirfft of approving the financia &lalgi%nls, tha PCC rfrthrs have a raAson•N8 expeclalion that ttr ParuGhk21 thurch C4xJncil has adèquate resources to continue m apeialional exislenGe for thelore5eeab fulure. TIMJS the PCC Thners contire lo ihtr going concern basi5 of Ln[ing in preparng If lina[ s181ettEnts. 1J CtrArlt8Lle FId8 LFre$lricled fvnds are av8A8ble for use at the discr81ion cf thè PCC in fUrtlanCe of thtirch8nta8 ca)ilIveS. Restricled tunds ar8 subject to slfIS cffililions by donus as to ¢theY mty b8 used. Th8 wrposes and use5 of the resiricled funds are set out in the nol88 to the fInala1 sl8tennls. End0nI lunds YEre sUbècl lo Specif conditithis by donor5 that the capital ftxJs1 be nk1nlaied by the PartKhial Church Council. FollowrvJ 8uIWsaiion frDm the Diocest Ènd the Chariiy G)n)rissK)n, capital rdeased with eff8CI 9 Jun& 2025 to be used in ac¢erdanGs vath Itr r851rictions of t Niginal wènt. 1A In¢cffie InGoll% 18 recognised the Parotshid thtwch CAKmcil is kgaw entitléd lo it aftw any perfornnce conditK)rts havet¢en NEt. the arThntS can be measutBd reliV, and il is probaEAe th81 InctYr vill te rec&ved. C&sh donalN)ns a re¢ognise(S on raceipt. Olhar donalions are rÈcognised onGe the ParoGhial Q)urch thuncil has been nolif1 of the do110, unless perf0mnCe Gondilions require d8fetra of tr &iwit. Incon lax recoverable in relation to thnalicrt% received undèr Grft AKI w deeds of cov6nanl are accounted for %%ttÈn the donation 1$ received. Leg8¢ies aTr recognised on receipt ty othern4s8 rf the Par1Xh Cthurch thuncll has been rxArfied of an itrpendlrg dFslributh?n. the afftsjnl is knovm. 8nd re¢eipt trxpecled. If the aWjnl 1$ nc>t Xrw, the IBggCy L% trealed 8s a con11rt asset. 1.$ Exp8rKUtwo A Ilability is re¢ogni51 then either a le981 or ¢onstnJclNo obligatn idenlifwj. Oonalions are aCCjnIed for paKI or rf that awd ¢reated a ixnding l981th on the PCC 1M Tale Fixed Ass8¢s Tangibltr fixed 3s5e18 are iThtl8lly rraSU at cost subseqLnI nwsLml al cost ¢r valualiryj. of depreci81ion and any i81rr[ ISeS. tprecialion k8 recognised so as to v%le off cosl or Vaualn of assets less thÈir re5vJu&l value$ over their useful Iwes on follNing bases.. FhrAd laj and buildings stra0h1 I) basi8 over 50 yeais Ibuiklinos ontyl., Pl1 and equprtEnl sltsight line basis Dver 4 yeat5', FixluT85 and fitlit strai9ht line basis ovér 4 years Th8 ga7 or105s aTrsiny on the disposal Df an assèt i% deterrined as the diff8rÈnce bete6n the Sa proce&ts and tho c8ryino valu6 of the asset. and i¥ riised in the staleTwnt trf financi81 activitie5. 1.7 Invèstment Proporty Inveslnynl prDperty. wich is property htrld lo fram renials andlor for Gapilal 8ppreci8lion. 18 )itially rQgnISl al cosl. %ihich cludeS th& purchas8 Cost and any directly alliibu18ble Èxppndilure. Subsequenlly it is rrasured al fair value at Ihe rewling end dale. Th& surplus or dtrfKil on revalua1 recoynr&ed in net UIG(Krelexptrndilure for the year. Asset& hekl for sal6 arB irthed as Current asset$. 14 Flxed A88•t Imt8StmÈrt Fixed asset inveslrwls ar8 InitilY Trsu al tIW8acliw price excludiro Iran$8GIKin cc615. 8nd sut6Bquèntly nwsured at f value al each reportiry dele. (*8n9es in fgir value are in ret Inc0nW{eMpel1Ur8l for the year. Tr8nsacllon )$1¥ 8E exnsl as Incurred. 1.9 Imroorrneni of Ftxed As¥ets At e¥h reporting end d81e, Parochwl Church thunttil revim the caryying anDunls of Ils langibfe assels to delerAn8 vthelher ther8 any indic8tn ihal those assels have Suffer an lrrpa5nt k)5s. If any such ndicalion exists. tho G0veraL4 arnunl of th& 85set is 881inÉied in ordar to dplernwd th& exlenl of th& Inpairr(Ènt10&s Irf any). 1.111 StLxk8 stocks of stationery are st81 al Ihe lovr irf GO$t and estKreled sdling. Page13
ST PEfER'S HERSHAM PAROCHIAL CHURCH COUNCIL Not0S to the Financlal Statemonts for the Year Ended 31 December 2025 (continued) 1.11 Cash arnl Ca6h Equivaltrrts Cash and cash equwaltnls includfr cash In hand. deposits t * Gpll ?1 bank$. other short-temi liquid inveslnnls lIb origlnal nturitie5 of three le$5. and bank Ove1rdS. 1.12 Hr1¥1 Itrunerts The ParoGhial thurch C4)uncil h8S 8cIed to apply the wovi$Kx% of Sect 11 'Basic Fin8n¢ial In$1[18. arKI SeGtion 12 '01Fw Financi Inslrurytnls Issues, of FRS 102 to dl of financial instruts. Financial in8Itutnts are recowised in the Pahra1 thurch Counc4fs balance sheet then th8 PaAKh&vl cou party tD Ihe cc¥)traGlu?I OVISIOns af InslruttEnt. &$1¢ Tr¥nJ1l a6sots Basio financial asse15. thich inclijde deblors, cash and b8nk bBlgn¢es, are inilialty ffaSUred 81 Ir8ns8Clion price inClud7g Iran5a¢iiDn sosls and a sub5equen8y carried at arr(Kiised cost usi the Èffeolive interest unless the arrawÈmÈnl ¢on51ilules a financng Ir8n&aclKJn. the Iransa¢lion i8 rwsured at Ihe pres8nl valutr of the fthure Teceipts d$¢(Xjnl 8t a rfwk&t rale of int8re$l. Financi818SS615 Gla5$rf as ceIVble wthin one year 8re ntsi rtlsed. 80$Ac Ilrttsflltl88 Basic financial liabilities, including creditors •re inrtially rÈcognised 81 transacti 7¢8 urde55 the arrarwJwEnl conElilule5 a financfvJ tsln, there the dèbt Instrument is ffEasured at the pres1 4Jf t1 fulurg paynnls at a nktÈt re of Financial118bli it9 cLqs¥rfd a5 poyable within one ye¥ are not amrtised. Trade creditors are obligalityts io pay goods or 5eryices that have bfren aCqUiTed in the ord18ry Urse tsf Operatn¥ from supplie. Armunls payabfe 8rtr c1858ifEd a5 ¢urrenl liabilities rf payrthnl 15 (Jue wlhin one year er $s. If not. Ihay are presented as non-curr8nt liabilrfies. crtditcr are r8coyni$ed ndially 8t tran5a¢lion pficè and 5ubsequenlly rregsureé * arrortised cost using the 8Heclive inleresl lralI ol11na¢ial Ilaaf11ti05 Financial Iiabililie5 are derecognised then th& ParochL81 urCh rjn¢11.5 conlraclval oblKJations expre or a disoharg&J cf cancdled. 1.13 EmF4wee £ènBfits Th8 Cast of aV unusad hdiday entitlet 15 recognised in the in vknich the 8ftployee's s8Nices s weived. 1.14 ReUr8mp#t Paynnls lo defined contriMn rèiir£nEnl benefrt schvms ar8 charged 8S an 8xtn5e a5 tY fall d. 1.15 A65c¢lated Or#ani5atlo A5s0cialpd Drganis8lions arè St Pelees Felkwship and VauxttBad Trust CVeuxnEartl. Trir accounts arts inGlu(Sed 8s a part of these PCC accounts. Surplusesldefi¢ils ansing from these tivitS are applied as frAloAE". St Petees FellO¥hip is an organisalion of Dffbgrs of Ihe congregation and the loBal ¢or4YMnity ttiCh und6riakes it5 fund rak5ing and incuE5 costs. includin9 Gharilable dffiaiions. PLYSUIW ÈGlivilies in lino ryth the broader pwpose of St Pelerfs thurch., the PCL Mlds as rr¢naging trustee the18nd of the Vauxftad Tru51 for the b11 of youno people and If c0ttfftxy to use for swts and lsure aclNilEs. and the net surplus year arisin9 from VauXrrf is availab ta the for its genernl purpose5. The 8c¢ount5 nclUd9 all transaclion8. assÈls and abIlitieS for Ihe PCC res8]bIt in law incknling 11¥11 undèr the VaLL¥nwd Tnjsl. They do not IlUde ItE ac¢ounl$ of groups that 0E their afliliation to ar¥JtFr boly cf IlvJse that gre infoml 9alhering5 of Qurch wwnbers. 2 CRJIIULACCOUPrnNG ESmW7ES JUDGEMEMrs In the appli¢81iDn of the Parochial ChurGh Council'5 accounting poIicE5. the PCC nwrtW5 are r8quired to rrekeJUdgttw$. est185 arKI as5unYtns abtNrt the caryino anI of assets and liabilities that artr not readily apparpnt from olhar sfyJrce5. The Èslitrwles and aSSlated 85surrpli(x)s are based en hisloric81 experiÈnBe and oth faG10 that are considered lo bè relevant. A¢lu results nwy difftr from these esiinie5. estinwtes undprfying assuwnS are ravitrwTd on an on90irvJ basi5. ReYi5w)ns to accounting e$lirn*les are recogni5ed in the period in th1¢h the estirrote k% rèvised there thè revision &f16cl$ IhBI perpod, or in the Df thp EVisn and pe11c$ the re¥isiM 8ffecls bolh ¢urr8nt and future per$. Page 14
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notos to the Finan¢lal Statements for the Year Ended 31 December 2025 l¢ontinued} 2025 2025 2025 2025 Yot 2024 2024 2024 Tot 3 Incom• Summary lrtci)ryv fr£lTrD)Tr81S 8nLI legdcies tk)nalK)ns and Gifts LegaGies Grants Fvnd Fun 1107,7951 ITJ.1941 1130,9891 (101,3691 (32.6341 120.LNJOI 1134.0031 I20,0) 107.795 23,194 130.989 32.634 c¥nIaleACl1Wrt ddhgs Ènd Funeral F$ Fdlovtship, Sundry Oubs & Groups It5,4751 115.4751 116.3121 116.3121 1.120 18.113 Incowo It Inveslnwis Ren181 IrLcwr Inte1 PÈc&vable V8uxnwd (72,0761 (3.0761 172,0761 14.5841 31.868 167,9661 12.W31 167,9661 14.1231 33,021 105.112 11.5081 11,3201 31.868 31.868 33.02fj 1.508 70.770 1.320 OthÈrlncon Other InBDrrE &*T 4.339 4.339 6.061 6.061 1.659 6.061 6,061 Total Inco 60.521 1.508 216.312 65.655 283.287 4 £xpendStur¢ Summary in& Sukpxt Vknk614p & Prayer Stry Chwch & Vlwa Pèrlsh HBII Tthal 2025 Direct eosts 2025 Staff costs
bll hire adrrin P9sn Gonlribulioni IT & consunybles Statnery TÈl£phone & teMe1 PmIoGopr Oflice and adrTm expe¢$ reciali P8ri6h Share aergy exnSeS wl ¢rainir*J Upkeep of seivices Pastoral care OccasiTh)81 ofFicos Chri5thqn deve1 Sub5CfiPtK)ns utilities Repalr & nHinlen8rt8 In$urdnGe Other èxpÉn5e5 Gov8man¢& fjost$ Indepèndent Exar18 fe8 PCC exp8nses 29.738 5.973 37.498 1,271 1.271 1.226 3,994 3.393 86,871 2,375 11.324 6.154 2.423 5,311 423 18.001 46.331 5,693 7,041 86.871 2.375 11,324 6.154 1.215 5.311 342 5.322 8.320 277 81 3,668 7,068 1,198 1,339 9,012 15,338 4,159 4.522 15.611 59 512 1.728 252 41.523 1.728 252 247.663 107.gjo 12.532 36,424 20.261 13.354 15.870 Grart ftrdlrwd Gran18 lo and evetseas rrissK)n5 ti$trit>ulion of speclal coileclllk75 10,800 3.293 121 992 10.8 3.293 41.523 t2.532 13.354 MALYSIS BY FJJND EndOTEllI fund5 Reslricled funds UnreslriGted funds 9.531 112.462 7.349 29.075 2.OOD 11.351 15.670 34.550 227.206 41.523 12,532 Fund Ral8lNJ & PLtrllclty Invesln%nl Magt Lre1Cle fund5 7.037 7,037 Page15
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Financlal Statèmants for the Year Ended 31 Decembgr 2025 (contlnued) Expenditure Summary Icontinuad) Athnin & Mlnlstry WDrkshlp & Pr8y Church a vtcaraga Par15h Hall Tdal 2024 reci ¢ts 2024 Slaff co$ls 11 hire adnin Pertsth conlrbulnns IT & con8WfAbbs Stalnery Tdephont & iniem81 Photocopier Office and ad exwses D8preGialh Parish Share awgy exp8ns25 incl trahNrwJ keep of seNices Pastoral care Oceasion81 tse8 rislian dÈvelCpnI SL&)scriptM)ns 29.376 19,231 1.775 3,337 3.337 2.169 1.847 1,555 4.708 677 2.169 1.817 1.555 4,708 6TT 442 3.393 3.393 84,759 18.775 9,OY2 5,386 3,175 84,759 18.775 5.386 1.100 2,075 342 7.965 4.347 222 514 419 25.151 57,446 6.708 6.425 12.729 34,575 5.089 1.266 PEpair & npinlenance 4,467 17.080 226 1.116 Oiher expenses GovemancÈ c05t5 Independent ExarrinBVs fee PCC expenses 3,443 1.500 147 147 42.507 132.095 11.1¢7 57.051 18,502 Grant GTanis tv how and overseas n$1( SIrutiL of $pecio1 collectnS 10.592 18,422 290.337 10.8 23.684 10.800 11,167 ST.051 18.422 324.820 IiALYSIS BY FUND Reslri¢led funds Lknre&lriGled fuThJs 42.507 122.660 43.919 166 579 11.167 49,299 7.752 57.051 17.206 10.592 253,431 71.793 325.224 18,422 42,507 FWKI ral$lro & Inveslrrnl nBnagetr*nt l4Stricted furwjs Page 16
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Financial Ststements for the Year Endgd 31 Decembgr 2025 (continued} 5 PCC Members The ryeryy and 6 memb8rs of the PCC12024 . 51 received paynEnls during thg year b8in9 r&irrt)ur5eDEnl of approved exp8nÈès and the paynnt of fees. Thè fees rekle lo Verger dutips in 8¢¢0réance with the PCC approved schedule of rates. The aggregele arnunt of these PaYrn16 during that p8riod of offKe in year 88 £7,90512024.. £6,198). 6 Employoes 2025 The average full tThe equlvant (E) number of 8mpbyees durfng the year wa$.. Relates to th8 Parfsh AdminkStrat)n. HaB Hiring ad Chdn8' Work. Empby6è costs Wage5 and salaries P?n8ion costs 40.743 52.375 43.002 Throughout the year IhB PCC errployed a part-lin parish strcrelary. an adrrinkslralor for thè VauxnEad property aGled 88 0kg5 Trnagerfor all (Xurch property, and a Cxurch F&ll ¢lean8r. The associaed cos1$ are included Kilhin adrrini$lralion supprKI exppnse5. V8u¥rtsad exn$8S and upkeep of church propty expenses 8bove. In Sepienknr 2025. the church recmiled a new Children and Fanklie5 &[dlator and ttr £0515 are from reserves, natrEIy rfe5 Sparks trust rètsÈived in 2020, olarns a[ person81 dOnlorS received in 2025. eryloye8 eamed n excess of £60,(W. The PCC olfers 8 definl conlAbulion pw5iM S¢P to afi qualrfying errploy6es. Th 858ets of the sCheft ar& hdd separately from those of the chatsly as gn indwndent nkn8ged fund. 7 Net GainsllLosses) on Investments Uw•tstrided Erent lurxls Tdal 2025 2025 202S 2024 R6v81uatk)n of investments 8 Taxatlon Ihe charity Ls exty fr(n laxatKJTr on it5 aCtwitie5 t)K8U88 1 its inc(4Th i% 4)FAied forcharitHblo pufFoses 9 Tangible Fixed Assets Fblorn¥ Equ4?rr dflttknps dbuUdknp5 Tota GROSS BOOK VALUE AB di$cth&Y 1 Janudry 2025 11.179 624.223 AdditTr5 Cl"sp)sals At 31 Ccentsr 2025 549.rA)o 64.044 624,223 DEPREAlloN Al l January 2025 arg8 for the year At 31 tclr 2025 159.4001 111,1791 (70.K191 3.393 173.9731 111.1791 NET BOOK VALUE Al 31 Cerrer 2025 549.000 1.250 550,250 At 31 DecertÉi 2024 549,1100 4.643 553.643 ThF freeholo larKI and build]ngs conprfse the Church Fkll and the land sl VauxnE&. The Church Fbll valL ha5 not ch8nged n 2025 In the view of the PCC Èt £537.000. and the LqThJ st V8uxnEad r8rfirb5 at esllmal6d open rrmrkel Yalue of £12.000. F¢4IreS 8TrJ fitlingB gre éeprech81Èfj at 25% annum a $lTaighl Ih? basis. Page 17
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Flnancial Statements for the Year Ended 31 December 2025 (continued) 10 Investrnent property Fair value At 1 January 2025 Transfw lo ourreftt assets held 5aTe'. St Pel8rf8 1 851,5TrJ 610 000 851.500 31 ethr 2025 241 5LNJ 851,500 In 2024, InveslnMI pmparty cotYPri5ed iNJildings al V8uxff8d1£221.5001. St Peleffs Lodge1£610.0001. 8nd the W Fbll1£20.0001. The fa value of the inveslrrwl wowty ha5 been arrived at on the bas of v81u81)n8 carried by Ihg P(C and an exlemal vduer. The VgtsxtrE8d valuatn nwdÈ w open market varu8 basis by refence to nel prÈ5enl value reco9nising th8 constraints over its future The Is now in the Pr(eSS of being pul up for $816 and this is held 8 euttenl assat at the value suprorted by the sÈllirwd ajent's guid8nce. On 8cquls11i. the valuation of the W Fk911 was based on 8 rEt pent valutr calculolion of its r1 ranld inc(wre over 20 years. The value of the fre¢hd land. indudlng th8 Pff0rtY hekl for sal? is.. Freehokl land val 305.0 305,000 11 Fed asset investments Fvnd Cost or Valuaon At 1 January 2025 Re1$&al twsfelred ts the At 31 De¢frryl)er 2026 52,606 52,606 Cairylng amount At 1 Oecenknr 2025 At 31 tcerrl)gr 2024 52.606 se assets EndOw[t Funds held upon trust by the Guiword Dwesan Board of Finance and were invesled in ihe CBF Fixed Interest uri1$ Fthd. The PCC artriSed Ih*r 115311 at the nling on 261h Febluary 2025 and the funds re rec¥ived in July 2025, follDvAno apyoval by the tlocese arnl Ctharity CoffnissK)n. 12 Stocks off 8lationery 250 250 13 Debtors IncorrÉ 18x recoverydb 9.471 498 Prepaynni$ arKI aGcrued inlaresl Olhw debtors 10.121 11.208 14 Cash at Bank Cash at bank 19.593 23.367 10.000 NalionvKde BS Cyvsit kcounls COIF deposit account St P8lerfs F10¥Ship
9,000 40.ODO 1.054 119.647 74.165 The cash b8L8nc8s at the yearend b8rtIled fmm th8 recwpt of 80ML fund$ tolalling £53,287 Iwe 181. 15 Creditorg: amounts falllng due wlthln one year A¢Gruals and (leferrJ incon 14.633 The 2025 balance rd8te$ to heoliro expensès aBcnEd for at the year end. È1.232 Collec1 for R6nls18rt C8rity Over C*ri$lnYs. and oth anKnIS for seNice5 accld. Page 18
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Finan¢lal Statements for the Year Ended 3106c8mber 2025 (continued) 16 Revaluatlon Reserve Rduation Rfftqlvlon Baanc85 blw at 1 Janu8ry 2025 P£valu2lI of Lodge IM Ha valuation 232.OCN) 1,122.0 &aL¥e$ GIf 8131 e0-kner 2025 232.000 1.122.000 7he restrted revaluation reserve relates lo the fiKed asset and Inyesirrwl assets hdd on V8uxrffj8d, an(J 15 a reslricled fund consislent wth the 51olus of the a55e15 h¢ld on the V8UXry8d Site. The Jnresl¢Fcia revalu811t reseNe reLgle¥ to Ihe valve ol th& Hall, the LrJJge and thB W F&II. 17 Retirement Ben•fft Schemos Doflnèd contrlbullon schemes (Jgrge to profil or 0ss in respect ol delined conlriwffjn st15 2.259 3.514 The Parh (urch CthnBil operal8s a defined conlribulion penSn $cherrE fu ] qualrfying enykyees. Tr 88Sets or the 5cherne 8f8 hald separate frem ihose of the Parochpl thurch Council. in an independenlty adnIstered fu. 18 Endowment Funds Reserve Tol E$ Bl• GJChvÉrt Legxy Le9Xy Funds LÈgacy Balartes WfvKI at 1 January 2tr25 17,449 35,157 ReaksÈd_Trarferr8d io rgslricled IncorrÈ Fun 117.4491 135.1571 152,6(} Balances cl1 at 31 [[rI)Ér 202S LegaGy B8Fan¢es blfMI at 1 Janudry 2024 In¢(xning R85r&S Transfers rwalLll gginllksl In year 16.W3 34.081 51,074 399 13991 456 921 19211 1,076 1,320 11.3201 BaÈnGe$ clf%%¢ at 31 tkneDeF 2024 35.157 52,606 The EndDvThrent Funds we held upon lrnsl by the Guildford Diocesan Board of &ngn¢e and e inve51ed in IhÈ CBF Tixed Inleresl Secvrili65 Fund. At the Pfx ffEelin9 on 26th Fabruary 2025. il vs re501ved lo realisè the cash ¥80 of Ihese endowrnnls and furth TeceweLS In July. lollovno approval from the ijoc8se arHJ the ltY CtyJri5SW. E $ 8Jak8 Le I was a legacy frThm Mr. E S BL4ke. Quolingfrom a letlerdaled 24 Januw 1958 fromth8 Guikiftyd Ll'oc8S8n Board of Finance, it held by th8 ..Guildford t10ce5 808rd of Finance upm tnast for eThknt7nL DrYugnIStiM of the of the erIC8 of the Parish of Heh8¥..anrf th8 Assislanl Qeryjy if any of Ihgt P8rish.... G J Uwlstlan L4gacy This was 8 legacy from W. G J Christian. ()JDling frnm the 11 of Mr. G J Chrislkqn, il held by the"...Guildford Diocesan Board cf Fnan¢e trust....to pay th? nel bnc(MTE thereof to the Parochial Ctvjrch Council of th& Parish of F*rsham...fw the nEinl6nanGP and upkeep and adomff£nl I19 against tKe arKI olher rfsksl of the Fabrfc of IhB Pa[h Cthurch." Page 19
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for the Year End8d 31 Decomber 2025 (continued} 19 R05tricted Funds cUF1r YEAR 2025 At1 knuwyalis Ihrornlng RetOufE Rwurc¢5 pd At31 Dg(•mb•r lthlherirvJ Sunday Gospal choir gr8nl sck11 thHeelR)ns V8UXnE8d Olh&r and Specid rx)nathMS artes Spark8 tt Chdren'S mlS1ry FIJNI M Blacker legacy es in Gr8¥ey8rd Project FrEnd$ of St Pelerfs. inc grdvey8rd benche5 and rnrals project ConThTrJnily Cafè Fund GravÈyaryJ resenfe 11 hBaler5 662 3.500 3,293 3t,86B 13.5Lh)I 13,2931 175.6701 116,1951 1.816 4,743 14.7431 11.3451 7.120 5,775 2.000 12,7001 13rx)I 8.365 11501 9,203 7.339 2,401 7,339 P.4011 11.358 60.521 134.5501 110.5311 17.449 26.795 17.449 E S Blake Le9acy Fund G J Cri51ian Lègacy FuThJ 35.151 35,151 11.358 34.550 42.075 79.401 PREVIOUS YEA 2024 At l knuay2014 Intorning At31 DK4mbar KlhÈriryJ SuTrJay Vauxrreao Olher and Specil [j)naln$ Char15 Sparkes Itt1 M 81acker le9acy Specid thlleelor Fritrnds of Sl Peterf$ Guikjford DBF 8enefÈci tn151 Sunpy County QJun¢l 33.021 118.4221 114.3851 11.0241 131 2,968 4.743 2.000 3,992 23,315 2.000 P11 2,150 118.V121 124,6861 11,6631 15,0001 11.7501 1.024 S.fX)O 1,750 1.7ty) 31.881 65S 1.793 14.285 11.358 R•strlcted FuTrl Rè51ricled funds repefit fwwJ$ that h9¥e been resirioled by th8 thn(x5 for a partar purpc6e and they cannot used by th8 Pccfor any 01fr purpose except by agreernt wth the donor oras deteryrined by thè Courts or the Chily Crrnissith. They can incIle ¢olleclion8 in GhwGh aTrJ fund raising events for a particular wrpose. Smy ThFs was a legacy frryn Kt. R Berridg& li the 1950s fijr purchase Df Pknlhwiro Sunday 11(wrs. Clnlr gTanl In 2025 3 grant Cewed fiom thè (grity of F¥Jbert PINllips to fund the G051 of Gospd Cholr ccrtert held h N)verftsr 2025. Ihe Inc(XTE and distribn fjf reslrtled funds in 2025 inBlud25 cd1frcll for the Cadlie8 of the 81sp of Guildford1£5411. Ekr)ridge a4N1£3691, ChiWren' Society1£631 . n1Start le1.2321 and ¢dIlI(fi fer tho relinng Wardon. Vau¥mead The PCC is the rykqna9ing tnjslee fu th8 VavxttEad site 1$ opposlte thè on the Road. The Trust w 8glabli%hed for the bantrfit of young ople in the *ider cornwity to use for Outd sports and ewwalent &liviti88. Th8 fin181 suWus or defrit 8rl8ing fft)m Ihe site for benefit or the Pcfs funds. Page 20
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for tho Year Ended 31 December 2025 (continued) These fund3 rePsent aryv)unls that Yre dMaled prior years for Specif church bellernÈnt proiecls 8rK1 other rp5IriGl purposes Mthich hove now8xpired been spBnt in part. Thwe w ext11 in the Graveyarfl OF £649 in 25 and £500 hdd siTrca 2021 agreeo 8S Cost of one of th ncheS in the Gravev8rd. (Ymrles Srs Trust In 2021. funds wEre receiv8d frDm the QXarft$ Spark88 Trust Fund vknich bng di88olYtd. It ¥$ 8greed Trth the Tntst that fvnds could b8 use(t for children. devdopttEnl in a¢EordanGe with the Ttusl's orvainal purpose. Ihès& funds hava been used lo supwrt the thildren and Family Ministe¢$ c0515 of salary and Èxpenses. and the funds ete exhgvs18d in 2025, us&J, in part. 8gaN)st the $aL9ry expense5 of th& #ew Cthiren and Fanilp5 Worker 8pw)inted in S8plen 225. Cl<ron mirristry A grant frorn Bwef8¢1 Ttvst £8.(K)O recdved to app lo IhÈ Chiuren's rrini%lry project whiGh $el to ¢tInUe for 3 years betore revyaw. Other 9enerou5 donalions were received tolalling £1.120. Part of these fund5 has been applied agaiD$i the cost of Chitdm's salary and olher cost$. Furiher grant appIatnS a iEing ndÈ to provk1e tuture fundirKJ Cjiildrens mlisry. Bla¢lr8r 185srcy fvnd In 2021. a legacy from Blacker Wds weived fc¢ £2.(KM). for tht Vicar to use ot dK8cretHx). BIleS In Gravgyardwtyeci In 2025, 5 dtn81ions received aNJ fund in Qher LVJnalion5. re uswj to purchase 6 for the yraveyard and sorr fu$ refféin for future u58. Frlernls rfst Peler¥ trrng 2023 il vtas proposed Io a Friends of Sl Peler's Group %thiGh Ul be oppft to the lder Her5ham Cottminily. An anonynY)us donaiion hehj for 8 cancelled fer £2.150 rt4onaled for initial set up cos15 and specrfiCal for the Vrk of restoring the Mwals vhich re painled iri 1g)2_ Wort 5 C8rried in 2024 tt W¥the wtirm5 and further fundrais9 began In 2025, vrilh a ¥t0 seeking gfanl$ tD proor8sÈ vAJrk on the r851(rdlion of the ral8 to their original splerK%our. CThnmurfly Caf4 Pr4e¢t s raised in 2025 for this 8nd a gwerous donation e1vert. A aL 91 hds been awar(led for the to back of the church. Work tEgan in February 2026 and furth8r CIL 9rénls are sougm to Garry rk to uporad& the kitchen and tvilets. In 2024 an 8ronyrmu$ m9110n of £15.tyJO Yés re1¥&y obieclw8 of oV6ffJrO pL9nl¥ and 5e5 In gravey. A bala& left end u88d to purchase a anch shredder and the r&Trining ftIr Fcf 98ntrd wyk Sn the Graveyard. In5ti1uts Heatsrs dti Tl* healets the W ha51 Yre condermed in 2025 and received 8 dDnalK)n from the W of £2.(W to cmliiLxJtÈ to t1r replace1. E S Plako aml G J Ctrisilan Las70$ These aré ihe a¢cunla1Èd inlerest receipts frcqn th& E S Blake and G J Christian En[brn1 Funds. The KXJFP)50 explainèd under the EndoTent FLnd descript). End0rIn¢ fd8 rewesent rynty given to thè Cthur¢h on pornkwl 8nd0v. 7hese f5 we hdd on beham or p by th& Gu#dford titte5an Board of Fine. The eapi181 of thestr funds 3s rele8se(S in 2026 and tr8nsfeBd to reslricled funds LFSè conskslant 1th the original resiriclons. These re&lriGled fund6 %iill be u8eO to fund cosls fulwe yearn. Page 21
ST PETER'S HERSHAM PAROCHIAL CHURCH COUNCIL 20 Unrestricted Funds The Unrestted funds of lh8 chafily corrprise th8 urExpende(I balance5 of donati(ms and grants vhi¢h are not sutyecl to spcrfic condilKins by dDntsrs and graTrtors 8s lo WtheY rray be used. These include deswJnèlÈd fdS vhich have been Sel asKle out of restlted furth by Ihe tru51ees for Spe¢rf purpose8. At31 DKqmber CLrrert Year 2025 At1U Gèr81 Funds 1IQ775 Gthsd At31 Prevlcw year 2024 At 1 Inwrnlng E¥wd• General Funds 216.313 15.705 110.775 21 Analysls of NgtAssèts by Fund Fund Funds Totd At 31 Decemtrt 2025 Fixed 8s8els lftvesltFETTrt prepert Inveslrrenls rrent assets less liabilities .250 241.500 232.wo 782,250 241.5(K) 419,407 79.401 498.808 d balanGe 1.211.157 311.401 1.522,558 Funds Fund Ftsthds Totsl At 31 Oocembèr 2024 Fixed 85sels 553,644 851,500 232.000 553,644 851.500 52.606 70,990 Invesiitnt oroDert5 InveslnnlS 52.eL OJrf•nt 8sset5 less liabilitles 59,632 11,358 bal)c6 1464 776 243.35B 52.606 1 S28,740 22 Related party transactlons There are no dis¢10$8ble rel8led party Irans8clions dwiry the yew12024- rKMèl. 23 Vauxmead Trust The vaUxryad Trnst is a separÈ ¢haritab18 enlily and separale ledger codes are hdd to Bccount for its actwille5. ihdw the t8m¥ ol the Wll of Mr Vaux. th& surpl of Ihe Tntsi each year is devoled lo Ihe trÈinltn8nco expense5 of the PCC cr to any associated GharilaNtr aclNilles Connect it. Tha fesulls and as$&t$ of the Twst are 8$ folbs'. R8nlal incoFrE from propert$ re inceft frc¢Trfidd Tota5 incon 28.756 30.243 31.868 33.022 Staff & A(kn1nistralTr cc6ts Inslilule repair5 tkprecialion and inyimEnl inlenancè and lea ccts Tot resource5 expèrthd 226 1.116 15.611 15.670 17.080 18.422 sU8 IIFaftsferrEd io PCL at ytar wdl as$et$ Investttpnt ptogerti88- FrethrAd pilal fun Fèslricled res8e- Re¥83110 233.500 232,000 232.ODO Page 22