mrtr@+ All S•iB+s, oaih• Finance and Accounts Interirn Treasurerfs Report Flnancial Statement I wonted to take this opportunity to thank Paul Harrlsfor all thot he has done throughout 2025. His role as interim treasurer hos lasted longer thon either of us plonnedfor it to, but Poul hos diligently corried out this role. olongside the Finonce ond Stewordship Committee and our bookkeepers. He has done this Ot the some time os being churchwarden, which 15 a huge omount of responsibility to take within the church. Thank you so much I Set out below are the Treasurerfs Report and Financial Statements forthe year 2025, approved by the PCC. l. Thank youl The 2025 financial results reflect all of our activity in 2025, and we can only do this with the amazing support of everyone, who gives theirtime. talents and money to our Vision outlined below, to volunteer and work with the church in achievin8 this vision. Thank you all for your wonderful 5UPPOrt over the past year.. it is greatly appreciated by everyone who benefits, both within the church and. increasin8ly, across our wider community. The preparation of our quarterly accounts and year end results... and management of cash flow relies on the generous support of so many people and a huge thank you to Blll Wrench, our brilliant, diligent bookkeeper more than ably supported in bookkeeping duties by Lynn Lymer, who undertakes numerous other volunteering tasks forthe Church; Jo Hurley, our amazing administrator, who handles all our payments and so much more,. Joan Jones, securely recoverin8 tax through the gift aid scheme: Davld Smlth and Graham Woodhouse, carefully banking our weekly cash and other donations each week. In addition, thank you to the Finance and Stewardship Cornmittee, which meets every two months in advance of the PCC, to ensure that all our finances are in order. The Committee is chaired by Paul Harri5, and our members are Matt Bianchi, John Markham, Natalie Lee, Lynn Lymer, Graham Woodhouse and David Smith. Thank you for your dedication, support and invaluable advice. And finally, thank you to Caroline Scull, our independent examiner, for providing her independent examiner skills for our 2025 accounts. 2. What's been happening in 20257 We should be very upbeat about our finances, as they are in an excellent place, but there is certainly no room for complacencyl Our overall income exceeded our budget by nearly £4,000, but this does mask a reduction in our regular giving, the bedrock of our income. We reached the ceiling on our Gift Aid claim. and certain donations that we have previously received did not come in in 2025.
mrtr@+ All S•iB+s, oaih• We continue to receive invaluable support from the Friends of All Saints, that support work to the heritage of the Church building and its churchyard. and we are very grateful to the Friends for this fantastic and reliable sUPPOrt. We a150 enjoy the generous support of the Benefact Trust and the Grant that was awarded for Paul Dadd's work in 2024, the second tranche of which was received in 2025 The underperformance in voluntary income was more than compensated by strong receipts from Parish News that exceeded budget by more than £3,000 and Open Gardens that was a huge success in 2025, helped by the excellent presentation of the Gardens and also the weather. We are so grateful to everybody who opened theirgardens for us all to enjoy. On the expenditure side of things, there is even good news as far as this is concerned l A couple of minor things exceeded budget. for example our administration expenses, as a result of extra help to the Diocese in relation to safeguarding tasks. Overall, however, most budget lines showed an underspend of which, notably, the larger are for Fabric & Maintenance, Major Projects and Outward Giving. This is due to a variety of factors that prevented completion of the anticipated programme in 2025, but have slipped into 2026, where these costs will arise. The 2025 Net Income, before transfers,-shows a smaller deficit than expected of minus £6,991 in the year. Set against a budgeted Net Income of minus £49,860 the figures show a positive variance of £42. 868. When combined with the small annual loss on our CCLA investment shares of £3,957 our Net Movement in Funds for 2025 is only minus £10,948. Our reserves have therefore ended the year £38,911 higher than envisaged in the budget for 2025 at £348,443. All Salnts Vlslon- our Flnances and Bud8et In 2026 In October 2021, the PCC agreed a vision that 'every person across our community will come and discovermore to life GS they encounterjesus, and. during 2025, we have continued to bring this vision to life in three ways.. by growing our faith- sharing God's love in practical ways in our community; and by telling Others about Jesus, that they may know his love for themselves. Paul Dadd as Children's and Family Pastor and the continued excellent work of Helen Chatfield as Youth Pastor have ensured that this vision has Brown and developed, with some amazing new initiatives. We are privileged to have them both with us. As a Church we are in the very fortunate position of being able to support this work, due to the generous reserves that have been built up from legacies and donations. We can assure vou that these are being invested to further our vision in a sensible and pragmatic way. We aim to continue our vision in 2026 with your support. Our finances are well positioned to support our Vision over the next two to three years and we have had significant encouragement in 2025 with income exceeding budget. despite the reduction in Voluntary Giving. Grants and donations will be as important in 2026 as they have always been, and we
mrtr@+ All S•iB+s, oaih• will be on course to receive our final tranche of the Benefact Trust grant, that has been given to support the work of Paul Dadd. We will continue this investment in our vision. particularly outreach and communications, vouth and pastoral care and children's and families. In 2026 we are budgeting for a loss of £58.lJ)O. which can be covered by our reserves, but in the longer term we will need to increase regular giving and other income significantly otherwise, we will simply run out of funds. and our vision will suffer greatly, as a result. Set out below are three Pie Charts illustrating our budgeted income, budgeted expenditure and our investment in our vision and mission. Essentially, our income is budgeted to reduce, due to the downward trend in voluntary giving and there will be no Open Gardens in 2026. Our costs have been budgeted to increase by 4% and there will be additional expenditure in 2026 on fabric and maintenance and outward giving due to slippage from 2025 on these items, which leads us to our loss of £58,IXIO. Budgeted Income 2026- £210.2K ÉJ* É• f•l.4 nilw1 E4Jl
mrtr@+ All S•iB+s, oaih• Budgeted Costs 2026- £268.5K wrrfiW•V £iJ.o s% thurtkn&Sety i.) £1&4 E33.1 134.J Mission & Vision 2026- £95.6K £Wi 19 Ywth p•stwry Ells £10.4 51.6
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mrtr@+ All S•iB+s, oaih• PCC of Odii moret Fund $•lec1•do..01j•W¥lO2sEoJLOÈCtrn12o2S FyrAI Bl4no$ ¢arrlÈd forw•rd 01-J4Tr25 11-De¢-25 Unre5trbcted Gewr•l- Gerpl lurrt 194,666 231,729 2Jl,7ZI O•s*ty•t•d 8ells- 8ells Aestolali 1,239 ASK thildren'5 Wtyk Flower L,08Y NIClS Wlll Trust 28,571 32,605 North P¢r<h Cws 2,925 Ollve MNrt50n Fd 120,635 72,803 15V 110,8 Restrfded Fw Unass18ned Fufyj Local Cornmunlty i( 10.IYJ2 5,761 Vicarfs rsCrt.tyFLtyJ 16 102NJ 5,877 T•iJl Fyr 359?91 1¥0212016
mrtr@+ All S•iB+s, oaih• Notes to the Financial Statements All Saint5 Parish Church, Odiham (Charity registered number 11328601 Notes to the financial statements for the year ended December 31st 2025 l. Accountlng pollcles 1.1 Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FR5102, have been prepared in accordance with the charities SORP Accounting and reporting by charities.. Statement of recommended proctice. applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland leffective 1st of January 20151. The financial statements have been prepared under the historical cost convention, apart from market investments, which have been revalued at the year-end date. 1.2 Income All income is recognised in the 'Statement of Financial Artivities, once the charity ha5 entitlement to the funds. 1.3 Expendlture Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committin8 the charity to that expenditure. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be direttly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. 1.4 Taxation The charity is exempt from tax on its charitable activities. 1.5 Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular, restricted purposes within the objects of the charity. Restrictions arise when funds are raised for particular restricted purposes.
mrtr@+ All S•iB+s, oaih• Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. Incoming resources Voluntary income includes regular giving through the Parish Giving Scheme, standing orders, one-off donations, grants received from the Friends of All Saints, the National Churches Trust, the listed places of worship scheme (VAT recovery) and tax recovery through the Gift Aid scheme. 'Activities for generating funds, include the Parish News. the Annual Fete. the biennial Open Gardens, Gift Day and l(KJ Club. Investment income includes income from investments and interest on deposit accounts. 3. Resources used Expenditure includes investment in Mission lyouth, communications and outreach, outward giving, and pastoral carel,. payments made to the Common Mission Fund, which represents the amount paid to the Diocese for the cler8y (previously known as the Parish Share), as well as fabric maintenance, energy, administration, benefice office, running services and fundraisin8. 4. Transfers A transfer of £50,216 has been made from the Olive Morrison Fund to the General Unrestricted Fund for the expenditure incurred on Mission in the year. The CBF market investments have decreased in value over the year by £3,957. 5. Debtors and prepayments Debtors and prepayments relate to income due or received in 2026 that relate to 2025...or payments made in 2025 that relate to 2026. 6. Creditors Creditors represent work done and expenditure that has been incurred in 2025 where payments is outstanding at the year-end or has been made in 2026... or income received in 2025 that relates to 2026.