The Abbey and Parish Church
of
St Peter and St Paul Registered Charity in England and Wales No. 1132631
Financial Statements Year ending 31 December 2025
Incumbent: Revd Fr.Stephen Buckman The Vicarage Church Walk Bourne Lincs
Bank: HSBC Bank PLC Peterborough
Independent Examiner Hazel Bell 16 Great Northern Gardens Bourne PE10 9EH
Financial Review of Year 2025
The financial performance in 2025 followed the pattern set in 2024 with continued improvement and a very strong last quarter. This has been achieved with increased levels of activity across all areas and the associated participation and generosity of existing and new members. There has been significant growth in regular giving and other donations and the planned increase in the Share payment up to £55,000 was also met in full. The net result was a deficit of £3,078 which is significantly better than the £12,892 deficit indicated in the Budget set at the beginning of the year
The General Fund compared to 2024 showed a decrease in Total Income of £2,158, but discounting an anomaly in the 2024 Fees and Donations amounts caused by accounting changes and late income from 2023, an adjusted number would effectively reduce the income number for 2024 and make a truer 2025 comparison number of about £6,342 increase over 2024.
The main voluntary income including planned giving, gift aid, tax repayments and donations increased significantly with an overall increase of 11%. The Social Committee donated £6,000.
Expenditure compared to 2024 showed a significant increase of £15,553 included items associated with the increased activity levels in the church operation including service and administration requirements. The largest increase was the planned change to the Share Payment of £10,000.
The Hall & Sunday School Fund had a deficit of £1,975 (was a surplus of £1,975 in 2024) with Hall Lettings decreasing by £1,306. The deficit in 2025 was attributed to some invoicing delay which should be recovered in 2026. Note: deficit / surplus balance is zero over last 2 year!
The Fabric Fund had another good year with a Total Income of £21,503 which included a large bequest. Total Expenditure of £17,350 included repairs to the Tower and replacement of Hall roof guttering and associated boarding.
The fund had a surplus of £4,153 with total balance of £414,099 which is allocated to two restricted accounts Restoration £212,892 and Fabric £99,526 and to unrestricted account £101,681.
Accounting policies
The following statements have been prepared in accordance with the Church Accounting Regulations 2015 together with applicable accounting standards and the Charities SORP.
As the total of both income and expenditure as shown is in excess of £100,000 the Accounts have been prepared on an Income and Expenditure basis, making adjustments for sums due to the PCC and amounts owing by the PCC as at 31st December 2025. No account has been taken of any increase or decrease in the value of investments in the preparation of the accounts. The value of the investments as notified by the CBF and the COIF is stated by way of note on the Balance Sheet.
The PCC owns no material assets other than those shown by way of note on the Balance Sheet. These have not been valued as no sale is anticipated.
Due to the rounding of figures to the nearest whole £1 some of the columns may not appear to add up correctly.
The notes referred to in the accounts and included at the end of the accounts are by way of information and do not form part of the statutory accounts Receipts and Payments Account.
Page 2
General fund (Unrestricted) Fund
| Receipts Incoming resources from generated funds Bank Interest HSBC Interest CBF Total Incoming resources from generated funds Voluntary income Planned Giving NGA Gift Aid Cash Offerings Baptisms, Weddings, Funerals, Homes Donations Income Tax Repayment Special Collections Received Total Voluntary income Activities for generating funds Events Receipts from Social Committee Magazine Advertising Total Activities for generating funds Investment income Trust Income Clergy Expense Fund Interest Total Investment income Other incoming resources Parish Fees Diocesan Fees Total Other incoming resources Total Receipts Payments Charitable activities Special Collections Paid Total Charitable activities Other resources used Funeral Collections Contra Expend Assigned Fees Expend contra to acc 070 Total Other resources used Church Administration Diocesan & Deanery Share Electricity Heating Cleaning & Sundry Insurance Church Services (Wine, Wafer, Candles) Staff Costs Building Maintnenace & Repairs Other Repairs Printing & Stationery Clergy & Office Expenses Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Total carried forward balance |
Total 2025 Total 2024 0 0 9 11 10 12 1,897 2,829 43,913 41,708 7,216 7,856 2,699 2,101 11,942 6,808 13,277 11,970 823 — 81,769 73,273 1,194 2,098 6,000 5,000 — 206 7,194 7,305 249 244 2,838 2,888 3,088 3,132 6,540 12,808 — 4,229 6,540 17,037 98,603 100,761 865 — 865 — — (156) — 4,229 — 4,073 55,000 45,000 2,164 1,202 8,146 7,323 353 327 8,597 8,468 5,551 1,741 6,386 5,766 32 — 3,996 5,511 3,479 3,403 7,109 3,310 100,816 82,055 101,681 86,128 (3,078) 14,633 32,852 38,219 — (20,000) 29,774 32,852 |
|---|---|
Page 3
Hall & Sunday School Fund (Designated) Fund
| Receipts Incoming resources from generated funds Hall & SS Interest CBF Total Incoming resources from generated funds Voluntary income Hall & SS Donations & Grants Total Voluntary income Activities for generating funds Hall & SS Hire of Hall Total Activities for generating funds Total receipts Payments Church Administration Hall Electricity Hall Heating Hall Insurance Hall Water & Sewage Hall Repairs and Renewals Hall Caretaker & Opening Fees Hall Sundry Expenses Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
203 399 203 399 — 15 — 15 12,577 13,883 12,577 13,883 12,780 14,297 2,498 880 1,742 1,387 677 676 947 802 1,586 2,521 7,246 5,973 55 79 14,756 12,322 14,756 12,322 (1,975) 1,975 23,856 21,881 21,881 23,856 |
|---|---|
Page 4
Social Committee Fund (Designated) Fund
Receipts
| Incoming resources from generated funds Activities for generating funds Social Committee Events Social Committee 59 Club Receipts Total Activities for generating funds Total receipts Payments Cost of generating funds Cost of generating voluntary income Social Committee 59 Club Prizes Total Cost of generating voluntary income Fundraising trading cost of goods sold and other costs To PCC Account (transfer) Total Fundraising trading cost of goods sold and other costs Other resources used Social Club Expenses Total Other resources used Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
6,699 4,355 2,875 2,612 |
|---|---|
| 9,574 6,967 |
|
| 9,574 6,967 1,410 1,290 |
|
| 1,410 1,290 6,000 5,000 |
|
| 6,000 5,000 240 1,414 |
|
| 240 1,414 |
|
| 7,650 7,704 |
|
| 1,924 (737) 2,429 3,167 |
|
| 4,354 2,429 |
Fabric Fund (Designated) Fund
Receipts
| Receipts | |
|---|---|
| Incoming resources from generated funds Fabric Interest CBF Fabric Interest HSBC Total Incoming resources from generated funds Voluntary income Fabric Donations Total Voluntary income Total receipts Payments Church Administration Fabric Repairs Fabric Quinquennial Repairs Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Total carried forward balance |
16 31 976 717 |
| 993 748 20,510 62,200 |
|
| 20,510 62,200 |
|
| 21,503 62,948 17,350 25,004 — 6,734 |
|
| 17,350 31,739 |
|
| 17,350 31,739 |
|
| 4,153 31,209 409,946 358,736 — 20,000 |
|
| 414,099 409,946 |
Page 5
Clergy Expense Fund (Designated) Fund
Brought forward balance
Total carried forward balance
| 6,076 | 6,076 |
|---|---|
| 6,076 | 6,076 |
Receipts
| Incoming resources from generated funds T M Baxter Interest Total Incoming resources from generated funds Total receipts Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
32 31 |
|---|---|
| 32 31 |
|
| 32 31 |
|
| 32 31 636 604 |
|
| 668 636 |
Dunbar Trust Fund (Designated) Fund
Receipts
| Incoming resources from generated funds E C Dunbar Interest CBF E C Dunbar Interest HSBC Total Incoming resources from generated funds Total receipts Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance Bell Fund (Restricted) Fund Receipts Incoming resources from generated funds Bell Interest HSBC Bell Interest CBF Total Incoming resources from generated funds Voluntary income Bell Donations Total Voluntary income Total receipts Payments Church Administration Bell Repairs Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
103 101 38 43 |
|---|---|
| 141 144 |
|
| 141 144 |
|
| 141 144 2,449 2,305 |
|
| 2,591 2,449 136 3 254 567 |
|
| 391 570 15 20 |
|
| 15 20 |
|
| 406 590 1 3 |
|
| 1 3 |
|
| 1 3 |
|
| 404 5 11,439 10,851 |
|
| 11,844 11,439 |
Page 6
Birthday Fund (Designated) Fund
Receipts
| Incoming resources from generated funds Birthday Interest CBF Total Incoming resources from generated funds Total receipts Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance Organ Fund (Designated) Fund Receipts Incoming resources from generated funds Organ Interest HSBC Organ Interest CBF Total Incoming resources from generated funds Activities for generating funds Band Total Activities for generating funds Total receipts Payments Church Administration Organ Repairs incl Piano Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance Choir Fund (Designated) Fund Receipts Incoming resources from generated funds Choir Interest HSBC Choir Interest CBF Total Incoming resources from generated funds Total receipts Payments Church Administration Choir Music Materials Choir RSCM Fee Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
3 4 |
|---|---|
| 3 4 |
|
| 3 4 |
|
| 3 4 92 87 |
|
| 95 92 33 48 124 182 |
|
| 158 231 177 545 |
|
| 177 545 |
|
| 335 777 422 672 |
|
| 422 672 |
|
| 422 672 |
|
| (86) 105 5,779 5,674 |
|
| 5,693 5,779 0 3 0 0 |
|
| 0 4 |
|
| 0 4 36 — — 270 |
|
| 36 270 |
|
| 36 270 |
|
| (35) (265) 38 304 |
|
| 3 38 |
Page 7
Flower Fund (Designated) Fund
Receipts
| Incoming resources from generated funds Flower Interest HSBC Total Incoming resources from generated funds Voluntary income Flower Donations Total Voluntary income Total receipts Payments Church Administration Cost of Flowers Total Church Administration Total payments Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance Parish Clerk Fund (Restricted) Fund Brought forward balance Total carried forward balance Youth Club Fund (Restricted) Fund Receipts Incoming resources from generated funds Youth Club Interest CBF Total Incoming resources from generated funds Total receipts Excess of Incoming resources over Resources used Brought forward balance Total carried forward balance |
27 33 |
|---|---|
| 27 33 622 580 |
|
| 622 580 |
|
| 649 613 466 500 |
|
| 466 500 |
|
| 466 500 |
|
| 183 113 1,614 1,501 |
|
| 1,797 1,614 204 204 |
|
| 204 204 34 50 |
|
| 34 50 |
|
| 34 50 |
|
| 34 50 1,004 954 |
|
| 1,039 |
Page 8
Balance shoet c55 code tlon Thi5 Flxed 498ets 029 Fabtic Fund Investment Shares Acojmulation Total Flxed assets 350.OIXI 350,000 350.LKKI 380.(•JD Curr8ni a¥8ets 001 D02 003 o(kF 005 GeDer81 Cutrent HSBC General Deposit HSBC all & SU[aY SthoDI HSBC 'Bell Deposit HSBC 'Birthday DeKM)l HSBC Choir Depo¥rt HSBC Dunbar Deposit HSBC Fabric Deposit HSBC Flower Deposit HSBC Owan Deposit HSBC Parish Clerk Dèkwil HS8C General Deposrt CBF Sunday School 08posit CBF Bell Dewsil CBF Birfhday De?Dl CBF "Ch(Mr Oepo5it CBF F8bric Oeposrt C8F "Organ Oeposit CBF Thomas Moore Baxter Deposit Naiwest P8righ Clerk Dewsil CBF Cletgy Expenses Deposit C8F Clergy Expenses Investment COIF Thomas MDore Baxter Inve$iment COIF DunbarTrust C8F Sotial Committee Youth Club Oep)$it CBF Accounts Retrivab Tolal Currenta880ts 27.665 33 15.6e6 215 28.744 17.641 007 008 35 2,281 59.¥d1 1,614 2,158 84.074 1.797 010 011 012 013 014 015 016 017 018 019 020 021 022 023 024 025 026 Z05 25 25 6,250 11,254 92 11.643 95 500 3.746 143 500 3,621 2Q4 2,373 3,703 57 161 2.429 1,004 4.000 148A20 2.373 3.703 57 161 4,354 1,039 2.0 150,124 LIabill Z04 A¢o)unts Payab Totsl Lfjablliiips NètAsset$urplu8ldèficit) 498h20 BrtrwTrlnoTruSt l¢btgy E¥9. Fun0137 ¢BF InY&sL Sha ThOm8sMolltF erMeMotTrnSt 57 OOIF Sh£ Fabnc Fund CBF Inwtnent Fund 92 sharty 82.200 85.623 376,328 380.7F3 fBF DePOLACeuntsVaIl al 3[r25. Appro¥ed tythpPCe on S F¢trY 202t ChiAna Alan G Payng
Statement of Financial Activities
| Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds |
|
|---|---|
| Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Other incoming resources Total incoming resources Resources used Cost of generating funds Cost of generating voluntary income Fundraising trading cost of goods sold and other costs Charitable activities Other resources used Church Administration Total resources used Net income / (expenditure) Transfers Gross transfers between funds - in Gross transfers between funds - out Net income / (expenditure) Other recognised gains / losses Gains / losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Birthday Fund Choir Fund Clergy Expense Fund Dunbar Trust Fund Fabric Fund Flower Fund Hall & Sunday School Fund Organ Fund Social Committee Fund T M Baxter Fund Restricted Bell Fund Parish Clerk Fund Youth Club Fund |
10 1,561 426 — 1,998 2,232 81,769 21,132 15 — 102,916 136,088 7,194 22,329 — — 29,524 28,701 3,088 — — — 3,088 3,132 6,540 — — — 6,540 17,037 |
| 98,603 45,022 441 — 144,068 187,192 — 1,410 — — 1,410 1,290 — 6,000 — — 6,000 5,000 865 — — — 865 — — 240 — — 240 5,487 100,816 33,030 1 — 133,848 127,563 |
|
| 101,681 40,680 1 — 142,364 139,340 |
|
| (3,078) 4,342 439 — 1,703 47,851 — — — — — 20,000 — — — — — (20,000) |
|
| (3,078) 4,342 439 — 1,703 47,851 — — — — — — — — — — — — |
|
| (3,078) 4,342 439 — 1,703 47,851 |
|
| 32,852 452,919 12,648 — 498,420 450,568 |
|
| 29,774 457,261 13,088 — 500,124 498,420 29,774 — — — 29,774 32,852 — 95 — — 95 92 — 3 — — 3 38 — 6,076 — — 6,076 6,076 — 2,591 — — 2,591 2,449 — 414,099 — — 414,099 409,946 — 1,797 — — 1,797 1,614 — 21,881 — — 21,881 23,856 — 5,693 — — 5,693 5,779 — 4,354 — — 4,354 2,429 — 668 — — 668 636 — — 11,844 — 11,844 11,439 — — 204 — 204 204 — — 1,039 — 1,039 1,004 |
Page 10
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Fixed assets - Investments Fabric Fund Investment Shares Accumulati - Totals Current assets - Cash at bank and in hand General Current HSBC - General Deposit HSBC - Hall & Sunday School HSBC - Bell Deposit HSBC - Choir Deposit HSBC - Dunbar Deposit HSBC - Fabric Deposit HSBC - Flower Deposit HSBC - Organ Deposit HSBC - Parish Clerk Deposit HSBC - General Deposit CBF - Sunday School Deposit CBF - Bell Deposit CBF - Birthday Deposit CBF - Choir Deposit CBF - Fabric Deposit CBF - Organ Deposit CBF - Thomas Moore Baxter Deposit Nat West - Parish Clerk Deposit CBF - Clergy Expenses Deposit CBF - Social Committee - Youth Club Deposit CBF - Totals Current assets - Debtors Accounts Receivable - Totals Current assets - Investments Clergy Expenses Investment COIF - Thomas Moore Baxter Investmnet COIF - Dunbar Trust CBF - Totals Grand total |
— 350,000 — — 350,000 350,000 |
| — 350,000 — — 350,000 350,000 27,700 (35) — — 27,665 28,744 33 — — — 33 33 — 15,666 — — 15,666 17,641 15 — 200 — 215 199 — — — — — 35 — 2,423 — — 2,423 2,281 — 64,074 — — 64,074 59,921 — 1,797 — — 1,797 1,614 — 1,946 — — 1,946 2,158 — — 0 — 0 0 25 — — — 25 25 — 6,250 — — 6,250 6,250 — — 11,643 — 11,643 11,254 — 95 — — 95 92 — 3 — — 3 3 — 500 — — 500 500 — 3,746 — — 3,746 3,621 — 143 — — 143 110 — — 204 — 204 204 — 2,373 — — 2,373 2,373 — 4,354 — — 4,354 2,429 — — 1,039 — 1,039 1,004 |
|
| 27,774 103,340 13,088 — 144,203 140,499 2,000 — — — 2,000 4,000 |
|
| 2,000 — — — 2,000 4,000 — 3,703 — — 3,703 3,703 — 57 — — 57 57 — 161 — — 161 161 |
|
| — 3,921 — — 3,921 3,921 |
|
| 29,774 457,261 13,088 — 500,124 498,420 |
Page 11
Indep&nd•nt Examlner's Report to the Boume Parochial Church Council of The Parish & Abbay Church of St Peter and St Paul. I report on the accounts for the year ended 31s1Dec&rnber 2025 which ar& sèt out on the annexed pages. Respectivè r•sponsibilities of the Trustee8 and Ind•pondent Examinèr The charity's Iruslees consider that an audit is not required for this year under sedi(>n 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility lo.. examine the accounts under section 145 of the 2011 Act., follow the piocedures laid down in the General Directions given by the Charity Commissioners section 14515llbl of the 2011 Act., and state whether particular matters have come to rny attention. Basis of Independent Examiner's Statement My exawinalion was carried out in accordance with the General Diredions givèn by the Charity Commission. An examination includes a review ol the accounting records kept by the charity and a comparison of the accounts presented wrth those records. It also inoludes eonsideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee con¢erning any such matters The procedures undertaken do not provide all the evidence that would be required in a full audit, and oon8equ8ntly I do not express an aLJdit opinion on the accounts Independent Examiner's Statement In connection wth my examination, no matters have come lo my attention". 1. which give rne reasonable cause to believe that in any material respect the requirements t¢ keep accounting records in accordance with s.130 of the 2011 Act.. or to prepare accounts which accord with these accounting records have not been met", or 2. to which, in my opinion. attention should be drawn in order to enable a proper understanding ol the 8c¢ounls lo be reached. Hazel Bell, FCCA 16 Great Northern Gardens, Bourne Date.. 112110£