## **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 c￿55 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?D￿l 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 ￿￿erMeMo￿￿tTrnSt 57 OOIF Sh£ Fabnc Fund CBF Inwtnent Fund ￿ 92 sharty 82.200 85.623 376,328 380.7F3 fBF DePO￿LACe￿untsVaIl￿ al 3[￿r25. Appro¥ed tythpPCe on S F¢t￿rY 202t Ch*iAna 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£