REGISTERED CHARITY NUMBER: 1133775 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 FOR BASINGSTOKE PAROCHIAL CHURCH COUNCIL
BASINGSTOKE PAROCHIAL CHURCH COUNCIL CONTENTS OF THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page R•port of th• Truste Report of th• Independent Audltor* 9 to 11 Stattmont ol Flnanclal Actlvltles 12 Balanco Sh••t 13 C•¥h Flow Statément 14 Notm to th• Ca•h Flow Stat•m•nt 15 Nots8 to th• Flnonclal Stat•mont• 18 to 27
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2025 The Iruslees present their report wth the financial statements of the charity for the year ended 31 De¢emb8r 2025, The trusle&s have adopted the provision5 of Accounting and Reporting by Charib'es.. Slaternenl of Recommended Practice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Background Under the Parochial Church Coun¢il (Powers) PA886u 1956. Basngsloke PCC and the Rector have a duty lo consult together on matters of general concern and importanc& to the Parish.The functions gf the PCC indudè CO•oper81ing with the Rector and other licensed staff in prornoling the whole mlssion of the Church pastoral, evangeligts'c, social and ecum8nical In the Parish.The PCC has the responsibility for the churches and 8ssoaated buildlngs at AJI Sainls., Christ the lQng. Sl. Michael's, Sl. Pelerf8 and. from 1 July 2025, St Gabriel's. From 1 July 2025. a Scheme under the Mission and Pastor81 measu 2011 dissolved the 8asingstok8 Team Mlnistry gslablished In 1974 and created a new Parlsh of Basingsloka from the old Parigh of Basingsld(e and the Partsh of Poplw wth Limes Park and Rooksdown. Sl Gabriel. Membershlp Members of the PCC are ellher ex-officio, elected al the APCM, or CCtropl•d. Until 30 June 2025 members were appointed in accgrdance with the Scheme for the Election of tho Parochlal Church Council approved in 1995 under the Church Representsbon Rules. Under thi5 scheme there were up to four elected members from each Churth. From 1 July 2025, members were appolnled In accordance with the Scheme under the Mission and Patsloral Measure 2011 dated 23 June 2025. Under this 8chemè ther8 aro up lo 15 electefl members wthout any particular allocation lo individual churches. Publlc b•no Thg Iruslees confimi that they have referred to the guidance contained in the Charity Commi88ion'¥ general guidance on public bene1 when wiewing the charltys aims and obJ'•ctiveB and In F4annlng future actiwlies.The trustees refer lo public benefit throughout this report. Page 1
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE This year has been one of renewed momentum and deep enljrageMent as we have Gontlnued to pursue our vision 'lo see this generation come fully alive in Jesus by the power of the Holy Spirit." Across our parish we have wlnessed people of all ages taking fresh steps of faith. finding community, and discovering a sense of belonging and purpose.The life of our church has continued to riden and deepen as we have created paces. both physical and relational. where people can encoun18r the pre$enc8 of God in wayE that are acce$sitrAe, lCOMIng, and transformats've. A5 the PCC h88 sought lo promote the whole mission of the Church wthin our parish, we have seen significant signs of gro and ifnpact. Our worshipping communities have strengthened, new initiatives have taken root, and our ministries across children. youth, students, families. and adults have ctsnlinued to flourish. This has been a year marked by hope, generosity, and increasing enga9emenl across our vthole church. This year has sean signifieanl growth aGr055 our worshipping communities. Average Sunday attendance increased by 37% from 429 to 588 (January 2025 to January 20261, reflecllng both new people exploTing faith 8nd long-standing members deepening their commitment. A major development has been the addition ol Sl Gabrièl's Popley as Dur fifth location, the culrninalion of several years of partnershlp and dedicated work from the congregation Iher&.This slep slrenglhens our vision of creating multiple diverse worshipping communi1188 acr0$8 the p8rish. Across our siles. mor8 than 1,000 people now come through our doors each week, a level w8 reached by the end of the year as we opened new spaces such as Slay & Play and èxpanded our Micek acliwlies. People come not only to attend 5eNices bul also lo find welcome, community. belonglng, and opportunrtbes to grow in faith. Wkh increased spac8 now avallable 81 Sl Michael's, we have been able lo ho81 mlni8try on an expanded scale, induding new inilialives for young peoplè and slud8nls.The Collective Café now welcomes over 240 FE students each w&ek. Our mlnislry among chlldren and families has also grown signrficanlly. We now engage with more than 2,100 children oach month across len schools, and our early"year5 work ha5 expanded r8pidty, wlh Slay & Plgy attendance doubling In the final quarter of 2025.These actltIeS continue to provide accessible pathways Into the life of the church. People exploring faith has been 8 marker of this year. with over l 00 peoplè partlClP81ing In Alpha courses, and 45 bapllsrn5 and confirmations marking the fruit of lives belng iransformed. Members of the church serving on teams have grown lo 258 people, whose service enables the breadth of minlslry th81 lakes place each wgek. Increased financial giving, ahe8d of gxp8ctalions, has furthei strengthened our ability to dellver this across all flve slle8. Overall, thi8 has been a year marked by gro, strengthened communty, and increaslng mi88ional impact.The PCC 18 confident that the parljh continues to fulfil ils charitable alms and is V•tlkwsrtloned for the next stages of Its flve-year vlsion. P8ga 2
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THEYEAR ENDED 310ECEMBER 2025 FINANCIAL REVIEW Financial Performanc• The Statement of Finanaal Actiwtles reports a net deficit of £150,6S4 12024.. £34,272). Income has Increased, especially from grant funding. Expenditure has continued lo increase wth the implement31ion of the resource church proj'ect. This has resulted in a deficit of £142,40712024'. £39,861) when exduding the net gains and losses on investmen15 and fixed assets.. Flnanclal Posltlon The Balance Sheet reports net assets of £3,793,825 12024.. £3,944.4791. The reduction in net assets 18 primarily due lo the decrease in current a55ets. Reslricled funds represented £23.33012024.' £59,052). R•series Pollcy A reserves policy was approved at the March 2025 PCC meeting to m8lntain 3 mcnth8 of budgeted expendrture in central fvnds. Rl•k manJgem•nt Th& Iruslaes have a duty to identify and revlew the risks lo lch the charfty is exposed 8nd to ensure appropriate eonlrols arè in place to provide reasonable assurance againgt fraud and error. Pollcy on Rl•k• The PCC recognises ils responsibility to idents'fy and manage the major risks facing the charity. Risks are reviewed across key areas including s8feguarding, health and salety, flnancial m8nagement, govemanee and operallon8. Appropriate policie8, procedures and controls are in place In each of these areas, and the PCC receiv8s regular reports lo provid¢ assurance that rtsks are teing actively managed. During 2028. work 11 be undertaken to further develop a more integrated risk management Ir8mewod( lo strengthen oversight and con8lslency acrc88 the organlso11on. STRUCTURE, GOVERNANCE AND MANAGEMENT Govgmlng document The charity 1$ controlled by its governing document in Ilne with tho Parochlal Church Councils (Powers} Measure 1956 88 amendèd. Parochial Church Counals are bodles corporate having peTlu81 8ucces810n. Pag8 3
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Safeguardlng statement The PCC has complied with ils duty under the Safeguarding and Clergy Discipline Measure lo have due regard for the House of Bishops, guidance on safeguarding children and vulnerable adults. El&ctoral Roll The nurnber of members on the Parish Electoral Roll was given as 249 at the APGM in April 2025. WY(h the incorporation of the Parfsh of Popley, this rose lo 304 al the SPCM in July 2025. Standlng Commlttee Until 30 June 2025 the Standing Committee as sel out in the 1995 Scheme comprised the RectOT, Incumbent slalus assistant clergy, Chur¢hwardens and elected members of the PCC who would nomally be the PCC Treasurer and PCC Secretary. In the first half of 2025 the tsvo elected members were Stephen Leach IPCC Secretary) and John Davigs Ivice-chairl. Elaine Coombs (Treasurer) was COwcFled. From 1 July 2025, the Standing Committee as sel out in the 2025 Scheme comprised the Rector, Churchwardens and elected members of the PCC.The two alecled rnembers were Stephen Leach IPCC Secretary) and Elaine Coombs ITreasurerl. PCC 8usln•8s Rovlow The PCC of the original Parish of Basingsloke mel on four occasions in 2025 before It WBS arnalgam8ted the Parish of Popley wlh Limes Par1( and Rooksdown to form the new Parlsh of Basingsloke on 1 July 2025.The scheme under the Mission and Pastoral Measure 2011 dissolved the old Team Ministry and Set up conventional single pansh benefice.The new PCC was elected al the Special Parochial Church Meètlng on 14 July and consists of ex-officio members and 15 elected lay members.The new PCC met on a further three occasions in 2025. The amalgamation brought in assets of about £43.000 along wlh the liability for an outstanding loan of £95,000 from the Oioces8 although this was in the process of being lumed into a grant so that the liability would effectively be WTitten off. ThroughoLrt the year the PCC received regular updalos on safeguarding, progress against the slrategic plan fry 2025, Btafling and finance. In September the PCC heard about a data breach al Ihg company who processed the safeguarding D8S check5 on behalf ol th& Diocese. Some ten volunteers from the Pari8h were impacted by the breach and were offered free credit reference agency monitoring by the Diocese. The Information Commissionerfs Offieè and the ChaNly Commission were notified bul no htrther action was quested gs the aciual breach was so remote from the PCC. On flnance, the PCC agreed a budget dgfi¢il of £240,000 in 2025 but the expected outlum reported at the end of year had reduced the deficit 10 £165,000. Thls better than expected outlurn was principally due lo reduced ¥taff costs 8nd increased giwng. In Dember th¥ PCC agreed a budget fix 2026 wth an anlicipaled deficit of £275,000. The refurbishment of St. Mlehael's church was a significant project in 2025. The central church's Slrateglc Development ftjnd contributed £1.2m towards the cost bul changes to the govemment'5 VAT reclaim scheme and the need for additional mechanical and electrlcal work meant that the PCC needed lo contribute around £175,000 lo the overall projecl.This was lo be funded by selling inveslmenls. St. Michael's was closed for the majorrty of the year lo enable the work lo tske plac8 bul ropened for worship on 29 September. Following intense debates at the meetings in May and July, changes were agreed lo the limes and Swe of the services at Sl. Michael's when the church re-opened. The Common Worship eucharist that had previously been al 9..30 on SundayB was moved lo 9..00 and simplified. 11 w8s agreed that the clergy would not we8r robes lor a six month trial period fc41owing the re-opening. Plans lor the amalgamation of the parishes did not go smoothly.The proposal was rejected by the Church Commissioners who were concerned aljoul the reduction in the number of Churchwardens from len lo 0. However, followng further represerrtations, the scheme was agreed unchanged and the PCC heard in May that the scheme would come into effect on 1 July. Page 4
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTURE, GOVERNANCEAND MANAGEMENT In February the PCC heard about plans from the Diocese lo transfer the freehold of Glebo Hall lo the Pansh. Negotiations were still eMgoing at the end of the year. In octor, the PCC heard about an approach from the Friends of AJI Saints. an independent registered charity. lo b8 taken OVBr by the PCC. This would increase th8 PCC'S assals by about £20,000 bul these funds could onty be spent al Al Saints,. The takeover was fomially a9reed in December but had not taken place at the end of tho year. REFERENCE AND ADMINISTRATIVE DETAILS R•glstered Charlty number 1133775 Prlnclpal addr•88 Sl Michael's Church Office Church Square Basingsloke Hampshire RG217QW Page 5
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2025 Tmstees Membeyshlp Members of the PCC are etther ex-officlo, elècted at the APCM, or ccp10d. Until 30 June 2025 members were appointed in accordance with the Scheme for the Election ol the Parochial Church Council approved in 1995 under the Church Representslion Rules. Under this scheme thero were up to four elected members from each Church. From 1 July 2025, members were appointed in accordance with the Scheme under Ihe Mission and Pastoral Measure 2011 dated 23 June 2025. Under this scheme there are up lo 15 el&cled members Without any particular 8llo¢ation to individual churches. The PCC Members tho Seed al any tirne in 2025 were.. Ex-offlclo: lergy Revd John Hudson, Rector Revd PJ Brombley, A850cialo Minlsler- untll SepteMr 2025 Revd Libby Elheringlon, Assoclale Mlnisl8r Revd Ed Haycock, Curate- until June 2025 Revd Nicola Ford. Curate Revd Dan Gardner, Curate- from June 2025 Revd Barbara Irvlng, Curate chuhwanIèn* Charles Applegal8- from 28 April 2025 Mike Eder)s' unlll 30 June 2025 Ghislaine Fletcher- until 30 June 2025 Paul Lane- until 30 June 2025 Andrew McCormick- until 30 June 2025 Samuel Mensah-stephens until 28 April 2025 Ellie Woolf DloGv4an Synod John Davies Fehinlola Otudeko Sathya Pradeep Johnson Deanèry Synod Kerth Baslin- from 14 July 2025 Castor Bendlng John D8wes- until 14 Juty 2025 Oliver Key until 14 July 2025 Stephen Leach. Priscilla Smith - from 14 July 2025 un1 8 December 2025 Ellie Woolf 'Slephen Leach was also an employee of the PCC during 202S 85 a part-time Bookkeepér. Mike Edens was also an emoyee of the PCC during 2025 as a Cleaner. Elected Memb•rn Name Keith Baslin- until 14 July 2025 C8therine Clancy-uju - from 14 July 2025 Elaine Coombs - from 28 April 2025 Jason Cross- until 30 June 2025 Boran Djokic- fr¢Jm 28 April to 14 July 2025 Nigel Orury- until 28 April 2025 Mike Eden5- from 14 July 2025 Ghislaine Fletcher- from 14 July 2025 Phillip Gib50n ffom 14 July 2025 Denise Harding - from 14 July 2025 Sue INine Shelagh Kavanagh Ollie Key- from 14 July 2025 Paul Lane- from 14 July 2025 Pauline Mayer- unth"128 April 2025 Andy McCormick- from 14 July 2025 Church represent•d unlll 30 June 2026 Sl. Michael's Sl. Gabriel's All Saints, Sl. Peter's Sl. Michael's Christ the King Sl. Gabriel's St. Gabriel's Sl. Michael's Christ the King Sl. Michael's Page 6
BASINGSTOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Beth Neal Eleanor Pavey- from 28 April 2025 Celia Saunders- from 28 April 2025 Andrew Stead- until 28 April 2025 Jason York- from 28 April 2025 All Saints. Sl. Peterfs All Saints, Sl. Peterfs AJI Sainl8' Cowopted M•mbevs Copted Harry 8arber- from 14 July 2025 Boran Djokic- until 28 April 2025 Susanne Goodwin - from 28 April 2025 R8chael Higson - until 28 April 2025 Rob Pullen- from 28 April 2025 Celia Saunders until 28 April 2025 Audltors MC Audit Limited Statutory Auditors Lake House 2 Port Way Port Solent Port5moulh H8mpshire P06 4TY STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslees are Tesponsible for preparing the Report of the Trustees and the fin8nclal st81ements in accordanco with appllcable law and United Kingdom Accounllng Standards (United lQngdom Generally Accepted Accounting Practice). Charity law requlres the truBtees lo prepare flnand81818t8ments lor each flnanclal ye¥r. Under that law, the trustees have elected to prepara the financial statements in accordance wf(h United Kingdom Generally Accepted Accounting Pradce (United Klngdom Accounting Standards and appllc8ble lawl. Under charity law the Iruslees must not approve the flnaneial statements unsS they are sa115fied that they give a true and fair view of the stsle of affairs of the charity and of the InMing resources and applicati of resources, Includlng the income and expendlture, of the charrty for that perfod. In preparing those fingncial 8tstemenls, the Iruslees are required lo select sullable accounting pollcies and then apply them consistently., obseNe the methods and principles in thè Charitles SORP". make judgements and estimates that are reasonable and prudent.. slate whether applicable aOUntIng $tsndards have been followed, sullect to any material departures disclosed and explalned In the Ilnancial 8lalements', prèpare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in busingss. Th? Iruslees are responslble lor keeping propèr accounting records whlch disckjse wth reasonable accuracy at any lime the finanual position of the charity and lo enable them to ensure that the Tinancial stèlomenls cOmY with the Charities 2011 and The Charity (Accounts and Reports) Regulation5 2008. They are also responsi1e for safeguarding the assets of the charity and hence for 18king reasonable steps for the prevention and deleciion of fraud and other irregularitses. Pago 7
8ASING8TOKE PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2026 Approved by Iwder of the b08rd of Iru8tees on ......... ......... .. gned on its behawty. d J Hudson- Trtee Page 8
REPORT OF THE INDEPENOENT AUDITORS TO THE TRUSTEES OF 8ASINGSTOKE PAROCHIAL CHURCH COUNCIL Opinlon We have audited the finanual slatem?nls of 8asingstoke Parochial Chureh Counul (the 'chartyl for the year ended 31 December 2025 which comprise the Statement of Finanaal Activities, the 881ance Sheet, the Cash Flow Staternenl and notes lo the finandal slatem8nls, including a surnmary of significant accounting poli8$. The financial repo.n9 framework that has been applied in their pr8p8rabon is applicable law and Ljnited Kingdom Accaunb'ng Standards Iunited Kingdom Generalty Accepted Accounting Practs'cel. In our opinion the flnancial slalemenls.. give a true and fair view of the stale of the charills affairs as at 31 December 2025 and of incoming resources and application of resources, for the year then ended., have been property prepared in accordance vAlh Unhed Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance wilh the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS {UKII and applicable 18w. Our responsibilities undeT those standards are further described in the Auditors, responsibilrties for the audit of the flnanclal 5talemenls section ol our report. We are Independenl of the charity in accordance the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We believe that the 8udit ewdence we have obtained 18 Bufficient and appropriate lo provide a basi5 for eur opinlon. Concluslons relatlng to golng concem In auditing the financial slalemenls, we have conduded that the tru8lees' use of the going concern basis of accounting in the preparation of the financial 8latem•nl8 is appropriate. Based on the work we hav8 performed, we have not identified any material uncertainties relating to events or condllions that. Individu8lly or collectively, may c851 significant doubl tsn the charity's ability to continue as going concern for 8 period of at lea$1 Iwelve rnonlhs from when the financSal st8ternenls are authorised for issue. Our responslbillties and the re5ponslbililie8 of th8 trustees wlh respect to going concern are de8crib8d in the relevant sections of this report. Other Inforni•tlon The trustees are responsible for the other Information. The other inforniats'on comprises the information Included in the Annual Report, other than the financial slalements and our Report ol the Independent Auditors Iherwn, Our opinlon on the finandal slalements does not cover thè other Infom)ation and, except lo the extent othewse expli¢illy $lated in our report, we do not express any fonn of gs$urance condusion Ih8reon. In connectlon Nmlh our audll of Ihe financial statements. our responsibility is lo read the other infomation and, in doing so, consider whether the other infomalion 16 materialty inconsistent with the financial statements or our knedge obtained in the audrt or olhetwse appears lo be materially mlsslaled. If we identify such malerfal Inconsislenaes or apparent material misslalernents. we are required lo delemiine whether Ihls gives rise to a material mis5tatemenl in the financial statements themselves. 11, based on the work we hove performed, we conclude that there is a material wi8s1at&m&nl of this other information, we are required to report that fact. We have nothing to feport in this regard. Matters on whlch wo are r•quirnd to report by exceptlon We have nothing lo report in respect of the fd10ring matters where the Charitie8 (Accounts and Reports) Regulations 2008 requires us to report lo you if, in our opinion.. the information given in the Report 01 the Trustee8 is inconsistent in any material respect wlh the financial statements". or 5urricienl accounting records have not been kept,. or the financial statements are not in agreement wlh the accounting r8COTds and returns,. or we havè not received all the inf(ymation and explanations we require for our audit. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BASINGSTOKE PAROCHIAL CHURCH COUNCIL Responsiblllties of Irusto•s As explained more fully In the St8lement of Trustees. Respc*nsibililies. the trustees 8re responsible for the preparation of the financial stslements lch give a ITue and fair ew, and for 5UGh intemal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparlng the financial slalements. the Iruslees are responsible foT assessing the charills ability lo onlinue as a going concern, diosing, as applicable, matters related lo going concem and using the going concern basis of accounting unless the trustees wther intend lo liquidate the charity or lo cease operaligns, or have no realistlc allemalive but to do so. Our rPonSIbIlItIeS for the audlt of tho flnancial statements We have been appointed as auditors under Sèction 144 of the Charfles Act 2011 and rewl In accordanc8 with the Act and relevant regulations made or having effect Ihereunder. Our objectives ore lo oblaln reasonaE4e assurance About whether the financial statements as a Nthole are free from rnalerial misslalemenl, whether due lo fraud or erTor, and l0155ue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance Is a high level of assurance, bul is not a guarantee that an audr( conducted In accordance with ISA5 IUKI will alway3 detect a material misstatement when il exists. Misstatements can arise fraud or 8rror and are considered material if, individually or in the aggregate, Ihey could reasonably be expected lo influence the econ¢)mic decisions of users taken thg basis of these flnamal 8lalemenl8. The oxtènt to which our procedures ar8 capable of delectlng irregulgrilies, includlng fraud Is detoiled bdow., Frcffl discussion wth manawmont and Ihosg charged governance information about the entity 1$ documented lo assess tho activrty yrilhin the organisalion. W• di¥cu$s management's as8958menl of rlsk in respect of irregularides, fraud and going concern. Based on these discusslons ènd our own assessments we detBrmined that the key rf¥k areas wefe Income recognition In respect of Cul off issues and management override conceming the size of the organisaon. We Bet flnanclal statement materi8lily level baséd on the level of income. AS a not for profrt organisats'on raising income is its primary focus which is why income w8$ used lo determine the 18vel of malarlality. Our overall assessrnent of risk was used lo determine perforTn4nce m81erlality at an appropriate level. Substsnlive audit les15 were designed after 88ses$ing and perfeming walklhrough tests. The walkthrough testing confirmed dÉ>cumenled systems which have b2en designed lo act a5 a preventative measure against fraud and error which appear to be optsr81ing as docurnenled. Sub51anlive lesling tested a sample of tho population. represenlalive of the population, lo identify errors. The lesling dld not identify any material misstatements in areas tested. Audit subslantlve lesl8 concluded no molerial errors over the key risk areas of income recognition and management override. The audit considers the organisalion 18 not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisalion. Management assessed there Is no going concern risk. The audrt undertook a review of budgets, m8nagernent accounts and the review of board minLrtes and came lo the same condusion 88 mBnagement. A further description of our responsibilities for the audrt of the financlal statements 18 located on the Flnancial Reporting Council's website at v.frC.Org.Ukl8udlt0rsresP0n5l'l.es. This description forms part of our Report of the llldependt Auditors. Page 10
REPORT OF THE INDEPENOENT AUDITORS TO THE TRUSTEES OF BASINGSTOKE PAROCHIAL CHURCH COUNCIL Use of our rlport TfTiS report is made solely to the charW$ trustees, as a l)ody, in accordance with Part 4 01 the Charitie8 (Accounts and Reports) Regulats'ons 2008. Our Budit work has been undertaken so Ihat we mlghl stale lo the charills Iruslees those matters we are required to slate to them in an auditors, report and for no Other purpose. To the fullest extent perniitted by law, we do nol accept or assume responsibility to anyone other than the charity and the chartty's trustee5 as a body, for our audit work. for this report or for the opinion5 we have formed. MC Audr( Limited Slalutory Audrtor8 Lake House 2 Port Way Port Solent Portsmouth H8mp¥hire P06 4TY Date.. Pag811
BASINGSTOKE PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donalions and legaaes 285,662 07.528 353,190 228,957 Charftabl• actlviti•s Church activity'8S 140,309 1,158.299 1,298,608 387,752 Other trading aetivilles Investment income 68.587 53.913 28,512 279 97,099 54,192 B1.157 58.930 Total 548,471 1.254,618 1,803.089 754,796 EXPENDITURE ON Raising funé8 Charltabl• actlvltl•s Church acb"vilies 657,982 1,287,514 1.945,496 793,797 Totsl 657,982 1,287,514 1.945,496 794,657 Net g8ln8lllosse81 on Inve8lments 17,471) 17781 18,247) 5.589 NET INCOMEIIEXPENDITUREI Tr•nsf8rs b#••n funds 1116,982) 2,051 133.6721 12,0511 {150,854} 134,2721 19 N•t mov•m•nt In fund• 1114,931} 135,7231 {150,654) 134,2721 RECONCILIATION OF FUNDS Total funds brought forward 3.B85.427 59,052 3,944,479 3,978,751 TOTAL FUNDS CARRIED FORWARD 3.770,496 23,329 3,793,825 3,944.479 The rh)te$ form part of these financi81 statements Page 12
8ASINGSTOKE PAROCHIAL CHURCPI COUNCIL BALANCE SHEET 31 DECEMBER 2026 2025 2024 Notes FIXED ASSETS Tangible assets Investments Investments Inves1ml property 13 3,000,055 2,841,198 14 15 231,853 325,000 240,100 325,000 3,556,908 3,406,298 CURRENT ASSET8 Debtors Cash at bank 16 35,344 296,688 88,647 552,101 332,032 620.748 CREDITORS Amounts falllng due wlhln ¢)n8 yèar 17 195,1151 {82,58n NET CURRENT ASSETS 236,917 538,181 TOTAL ASSETS LESS CURRENT LIABILITIES 3,793,825 3.944,479 NEf ASSETS 3,793,825 3,944,479 FLIND8 Unreslricled funds Restricted funds 19 3,770,495 23,330 3,885,427 59,052 TOTAL FUNDS 3,793,825 3,944,479 The fl ancial statements were aPp0Ved by the Board of Trusl8es and auihorf8ed for Issue on . and *tre 8igned ils behalf by.. Hudson- Trustee The notes fcfm part of these finanual statements Page13
BASINGSTOKE PAROCHIAL CHURCH COUNCIL CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flovr& from operating actlvltlas Cash generated from opBrations 182.6251 155.5971 Net cash used in operating activities 182,6251 155.5971 Cash tTows from Inv•stlng actlvltles Purchase of tsnglbl8 fixed a55els Interest rtsceiv•d 1191,0701 18,282 158,1851 23.708 Net cash used in invesllng activftles 1172,7881 134.457) Ch•ng• In ca•h and ca•h equlvalents In the rnportlng perlod Cash and ca8h •qulval•nts at th• b•glnnlng ol th• reportlng p•rlod 1255,413} 190,0541 552,101 842,155 Cash and cJ•h equlval•nt• at thè end of the r•portlng perlod 296,888 552,101 The notes forrn part of these financial statemerts Page 14
BASINGSTOKE PAROCHIAL CHURCH COUMCIL NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERAllNG ACTIVITIES 2025 2024 Net expendlture for the reportlng period {as perthè Statement of Financlal ActlvSt5esl Adjustments for. DepCiatIOn Charge8 Lossesllgainl on investments Interest received Decrease in debtors IncreaBelldecfgasel in creditor8 1150.6541 134,2721 32,213 8,247 {18,2821 33,303 12,548 20.826 15,5881 123,7081 106,346 (119.0011 Net caih uud In op•rotlon• {82.6251 155,5971 ANALYSIS OF CHANGES IN MET FUNDS At1.1.25 Cash fk)w Al 31.12.25 N•t calh Cash al bank 552,101 1255,4131 298,688 552,101 1255.4131 298.688 Totsl 552,101 1255.4131 296,688 The notes form part of these financial statements Pag915
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES 8asls of preparing the Ilnanclal ststements The financial slalemenls of the charity, which is a public benefit enlily under FRS 102, have been prepared in accordance yrith the Charities SORP IFRS 1021 Accounting and Reporting by Chanties,. Slaternenl of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting SlandaTd applicable in the UK and Republic of Ireland IFRS 1021 leffeetive 1 January 20191,, Financial Reporting Standard 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finanaal statements have been prepared under the historical cost conventlon, with the excepb'on of investments thich are induded at market value. as modrfied by the revaluation of certain assets. The Iruslee8 consider that there are no material uncertainties about the Ch8rilYs ability lo conunue as a golng concem. Incomg Afi income is Tecognised In the Statement of Flnanaal Aclivlties once the charty h88 entitlement lo the funds. r( Is probable th81 the Incomè will be received and the amount can be measured reliably. Invmtmont Incom• Investrnenl income is induded in the period in which the Charity Is enltled lo recelpt. Exp•ndltur• Liath'lilies arg romgnised as expenditure as 500n as there Is a legal or constructive oblSgation committing the charity lo that expenditure, il 18 probable that a transfer of economlc benefits wll be quirad in $8ttl8menl and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been classifled under headings that aggregate all cost related to the category. Where costs cannot be direclly attributed lo pa'Cular headings they have bean allocated to act5Ves on a basls conStent vlth the use of resources. Tangible flxod agjets Cost includes the original purchase price and any costs dlreclly 8ttrfbutable to brfnglng the assèt into use, such a8 dellvery, inslallalion, and professlonal fees. Subsequent expenditure is capitslised only when rt is probable that future economic benefits associated wlh the item will flow io the ents'ly gnd the cost can be measured reliably. AJI other repairs and maintenance are expen¥ed as incurred. Afi assèts are origlnally recorded al c051. Items below £500 ar8 not capltali8ed. Depracialion of fixed assets is calculated lo thte off Ihelr cost or valuation le$$ any residual value over Ihelr e81imated useful lives as follows.. Flxtures and Iliting Equipment 33% on cost, 20% on cost and 10% on cosl 330/ty on cost, 20% on cost and 10% on cost Freehold property is not belng depreclaled on the ba51S that il would be irnmalerial due lo all ky0p8.85 having high residual values. The carrying values of tangible fixed assets are rewewed for imp8imienl in accordance with the requirements of FRS 102. Invostment property The value of investment properties al Ihg balance sheet date is reviewed annually by the Trustees. Any surplus or deficit in the value of the prCPwe$ 53 reflected in the Statement of Financial ActitIes. Investment properties are nLII depreciated. Taxatlon The charity is exempt from tsx on ils charitabl& activities. Fund accountSng Unrestricted funds can be used in accordan with the charitable objectives al the discretion of the trustees. Page 16 continued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS - Gonllnued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES - continuad Fund ac¢ountlng Reslricled funds can only ba used for particular restricted purposes thin the object5 of the chanty. Restrictions arise when specified by the donu or %then lunds are raised for paitcular restricted purposes. Further explanation of the nalure and purpose of èach fund is included in the notes to the flnandal stalemenls. Flnanclal Instruments The charlty only enters into baslc flnancial instruments transacllons that sUIt in the recognition of financ4al assets and liabilities like trade and other accounts receivable and p8yaL4e and investmènts in stocks and shares. The mea3uremenl b8s15 use(1 f these instruments Is delalled below. Debtors and cash at bank Trade and other debtors are recognised al the setdement amount due after any trade dlscount offered. Prepayrnents are valueil 81 the amount prepald nel of any trade dlscounls due. Cash al bank and In hand includes cash held in current aceounts and on deposlt. logelher wlh cash in hand. Cash equivalents Bre short-lerm. highly Ilquid investm9nls that are readily convertible lo known amount5 of cash and are subject lo an insignificant risk of change5 in value. Credltor• and provl¥lon• Creditors and provislons are recognisèd where th8 charity has a present obligatlon resulllng from past event that wll probably result in the transfer of funds lo a third party and the amount due lo sellle the obllgalion can be measured or eslimaled reliably. Cr8dltors and provisions 8Te normally recognisèd at ihalr sattiemenl amount after allowing IOT any trade discounts due. Investments Investmen18 ore a form of b88ic flnanc181 instrument and are initlally recognised at Iheir transaction value and 5ubsaquenUy measured at their fair value as al the balance sheet dale using the closing quoted market price. The statement of financlal aclivllles Includes th8 nel gains and106ses arising on revaluation and dlsp¢)8818 throu9houl the year. DONATIONS AND LEGACIES 2025 2024 Planned givlng Donations and Legaaes Gift aid collecOn8 al services 147,492 165,126 28.389 12.183 113,613 74,367 25,481 13,516 353.190 226,957 Under the terms of a merger agreement wlh Sl Gabriel's church effectlve l July 2025, the reserves of that OTgani5akn'on were donated to Basingsloke PCC and included in the don81ions above- £43,078 Page 17 continued..
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2025 OTHER TRADING ACTIVITIES 2025 2024 Church events Church hall letb'ngs 13,750 83,349 14,791 66,366 97,099 81,157 INVESTPJFENT INCOME 2025 2024 Rents received Dividend income Deposit account Interest 29,228 6,682 18,282 28,840 6,382 23.708 54,192 58.930 All investment income is derwed from 85s81s held in the United Klngd¢)m. INCOME FROM CHARITABLE ACTIVITIES 2025 2024 A1Vity Fees for weddingg and funerals Grants Church activitie5 Church activi1188 15,184 1,283,424 21,582 386,170 1,298,608 387,752 RAISING FUNDS Inv•8im•nt manag•m•nt co•t• 2025 2024 Portlollo management CHARITABLE ACTNinES COSTS Direct Costs (see note 8} Support costs (see note 91 Totals Church activkies 1,907,328 38,168 1,945,496 Page18 continued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Stsff costs ChLJrch running expenses Hall running costs Church repairs & malntenance Mission giving and donations Hall repairs & mainlen8nce Bad debts DepTeciatlon PErish sharg 297,937 172.774 59.597 1,120,396 28,206 51,093 4.438 32,214 140.673 259,286 149,948 80.766 22,289 32,704 90,128 929 20,627 105,629 1,907,326 762,306 SUPPORT COSTS Governance costs Flnance Totals Churth actlvllleg 1,395 36,773 38,168 Support costs, Included in the above. are as follows.. Flnanc• 2025 Church clivilles 2024 acfivitse¥ Bank charps 1,395 1,847 Gov•manc• colts 2025 Church actiwlies 2024 Total activities Audltors, remuneralic Audltors, remuneraticn for non audll work Legal and F*ofe8slonal fees 8,480 5,530 3,150 25,143 2,050 22,284 ,TT3 29,844 10. TRUSTEES, REMUNERATION AND BENEFITS Durlng the ye8r 2 truslees12024.' 1 trustee) received r•mun8ralion or other beneflts lot811ing £24,006 12024.. £19,921). Page 19 continued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 DECEMBER 2026 10. TRUSTEES. REMUNERATION AND BENEFITS- contlnued Trustses, expons•5 Durlng the year 12 trustees (2024.. 17 trustee8} were rthmbursed wt of pocket expenses totalling £2.83512024. £3.5111. STAFF COSTS 2025 2024 Salaries and wages Social security Pension cos18 272.814 19,542 5.581 239,343 14.968 4,975 297,937 259,286 Thts kty managtrmènl personnel of the chanty comprise of the Operotlonal manager and Ihg Flnance managei, The lolal employee benefits, comprtslng salary, pension contrikyjtions and Employèrs National Insurance conlribubons of the key management personnel of the charity were £72,180 12024 .£50,188) Average monthly nurnber of employees 14 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrictéd funds Restrf¢ted funds Total funds INCOME AND ENDOWMENTS FROM Donation5 8nd18gacles 220.338 6,819 226,957 CharlLgble actlvltleg Church acts'ville8 88.028 299,724 387,752 Other trading aclivrties Investment income 80,961 58.392 196 538 81,157 58,930 Total 447.719 307,077 754,796 EXPENDITURE ON Raising funds Charftable activlties Church activib'es 518,250 275,547 793.797 Total 519,110 275,547 794.657 Nel gains on Investments 5,154 435 5.589 NET IMCOMEIIEXPENDITUREI Transfers between fvnds {66,237) 11,77S) 31,965 1,775 134,2721 Net movement in funds {68,012) 33,740 134,2721 Page 20 conb'nued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEM8ER 2025 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued Unrestricted Reslricled funds funds Total funds RECONCIUATION OF FUNDS Total fvrKls brought forward 3,953.438 25.313 3,978,751 TOTAL FUNDS CAIIRIED FORWARD 3,8B5,426 59.053 3,944.479 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Equipment Totals COST At 1 January 2025 Addition 2,833,040 73,120 82,119 190,904 108,951 2,897,064 191,070 At 31 December 2025 2,633,040 1S5.239 299,855 3,088.134 DEPRECIATION Al 1 January 2025 Charge for year 17,726 11,895 38,140 20,518 55,866 32,213 Al 31 December 2025 29,421 58,858 88.079 NET BOOK VALUE At 31 December 2025 2,833,Q40 125,818 241,197 3,000,055 At 31 December 2024 2,633,040 55,394 152,764 2,641,198 1& FIXED ASSET INVESTMENTS Listed investment8 MARKET VALUE Al 1 January 2025 R8valualions 240,100 18.2471 Al 31 December 2025 231,853 NET BOOK VALue At 31 December 202S 231,853 At 31 December 2024 240,100 There were no investment assets outside the UK. Page 21 cwtinued...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMEMTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 16. IfrIVESTMENT PROPERTY FAIR VALUE Al l January 2025 and 31 December 2025 325,000 NET BOOK VALUE At 31 December 2025 325,000 Al 31 December 2024 325,000 As al 31 Docemb8r 2025 one property {2024.' One property) is held on the basis lo earn rentsl income. An extem81 volualj'on of the freèhold property wa3 carried out by Curchod & Co, Chartered Surveyors & Comm&rcial Property Agents on 14 March 2023 and a revaluatson adluslmenl has been recognised for the year ended 31 Oecember 2022. The Trustees have reeWed for 31 December 2025 and the value of the propertie¥ remains the same. This valuallon w88 made in accordance with the SORP and the RICS Appraisal and Valualicn Manu81. 16. DEBTORS: AMOUNTS FALUNG DUE WITfrIIN ONE YEAR 2025 2024 Trade debtor8 other debtors 29,235 6.109 37,186 31,461 3S,344 68,847 17. CREDITORS: AMOUNTS FALLING DUE MTH114 ONE YEAR 2025 2024 Trade credllor8 Other creditors 40,297 54,818 7,882 74.885 95,115 82,567 Included In the balance of other credllor5 1$ ¥n amount of £33.495 {2024'. £57,333) sthich relates lo deferred income. 2025 2024 Brought forw8rd Amount released lo incoming resource5 Amount deferred In the year 57.333 157,3331 33,495 99,326 {99,3261 57,333 Carried forward 33,495 57,333 Page 22 continued...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENT5 - cDntlnu•d FOR THE YEAR ENDED 31 DECEMBER 2025 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unreslricled Restrictèd funds funds Fixed assets Investments Current as5els currenl118bllitie8 3.000.055 556,853 308,702 195,115> 3.000,055 556.853 332.032 195.115} 2.841,198 565.100 620.748 182,5671 23,330 3.770,49S 23,330 3,793.825 3,944,479 19. MOVEMENT IN FUNDS Net movement in fund8 Transfers tehveen funds Al 31.12.25 Al 1.1.25 Unre8trlcted funds General fund Building fund RepBir ID8signatedl Choir IDe5ignal8dl Sunday School IOesignated} St Gabriels Savln98 (Deslgnaledl 216.006 3,632,450 30.171 200 6.800 {135,9901 2,051 82,067 3,632,450 42,992 12,821 12001 16,6001 12,986 12,988 3,885.427 1116,9831 2,051 3.770,495 Restrlcted funds Fabrtc, ffttings & fine art fund Memorial display fund Sunday school fund Choir fund Flower fund Daisy Smith diSCTetlonary fund Daisy Smith music & education lund Homeless fund Small saints fund Belty fund Bells fund Repair fund Audiolwsual fund SDF Fundbng 3,978 1,718 516 349 1331 563 171 2,084 46 3,099 3,643 577 7,674 34,469 13,9761 1,718 11,610 349 11,094 33 15631 171 12,0841 1461 2.037 503 15771 17,674 134,4691 5,138 4,348 59,052 133,8711 {2,0511 23,330 TOTAL FUNDS 3,944,479 115D,654 3.793,825 Page 23 continued...
BA8INGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2026 19. MOVEPJIENT IN FUNDS- ¢ontlnued Nel movement in funds. included in the at#)ve are as follows". Incoming resources Resources expended G8ins and losses Movement in funds Unrestrlcted funds General fund Repair IDesignaledl Choir (Designated) Sunday School (Designaledl Sl Gabriels Savings IDesignaledl 522,328 12,821 1850,84n 17,471} 1135.9901 12,821 12001 16,6001 12.988 12001 (6,9361 336 12,986 548.471 1657.9831 17,4711 1116,9831 R•$trlctèd funds F8bric, fitts'ngs & fine art fund Sund8y School fund Daisy Smith discretionary fund Small saints fund Belfry fund 8ts11s fund Repair fund Audiolvi¥ual fvnd Church Cottage SDF Funding 13,9761 13,9761 11,094 {5631 1461 2,037 503 15771 17,6741 11,577 {4831 15831 1461 12,1831 1785) 157n 17,674) {40,002} 11,231,70n 4,220 1,288 293 (2931 40.002 1,197,238 134,4691 1.254,618 11,287,513) {776} {33,8711 TOTAL FUNDS 1,803,089 11,945,498} 18,2471 1150,8541 Page 24 ccfftlinued...
8ASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 202S MOVEMENT IN FUNDS- continued ComparatFvo8 for movoment In funds Net movement in fvnds Transfers between fijnds At 1.1.24 31.12.24 Unrostrfctèd funds Gener81 fund Building fund Repair IDe$ignaled) Choir (Designated) Sunday School IDe8ignate(il 283,816 3.632,651 30,171 200 6,600 166,035) 1201) 11,775) 218,006 3,632,450 30.171 200 6,600 3,953,438 166.2381 11,7751 3,885.427 R•strlct•d funds Fabric, fittings & fine art lund Memorial dS3play fund SL4nday school fund Choir fund Flower fund Dalsy Smith discretionary fund Daisy Smith music & education fund Homeless fund Small saints fund Belfry fund B8lls fund Repalr lund Audiolvisual fund SOF Funding 4,715 1,718 1739) 3,978 1,718 516 349 1331 563 171 2,084 48 3,099 3,843 577 7,674 34.469 518 110 15311 239 498 583 171 2,084 46 5,198 15181 683 9,918 12.5641 4,330 22 {1061 12,2421 34,469 25,313 31,984 1,775 59,052 TOTAL FUNDS 3,978,751 134,2721 3,944,479 Page 25 continued..
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2025 19. MOVEMENT IN FUNDS- contlnued Comparative nel mavemenl in funds, included in the above are as fdl¢ws.' Incoming resources Resources expended Golns and Movement losse$ in funds Unre5trfcted funds General fund Building fijnd 447,719 1518,9081 12011 5,154 166.0351 12011 447,719 1519.1091 5,154 166,2361 Ro8trlcted funds Fabric, fittings & fine 8rt fund Sunday school fund Choir lund Flower fund Belfry fund Bells lund Repair fund Audiolvisual fund SDF Funding (7391 17391 516 110 15311 465 22 11061 12,2421 34,489 245 180 270 7.735 1,368 199 271 1701 18011 17,2701 11,348} 1469} 12,242} {262,6111 297.080 307,077 1275,5481 435 31,964 TOTAL FUNDS 754,798 1794,6571 5,589 134,272 Ropalr funds Idgslgnatedl Funds are designated lo be used for the fabric upkeep of the All Saints bullding. Cholr fund 1d•8lgn•t} Funds are designated lo bo used for co8ts In relation to the St. Mlchael'8 Church cholr. Sund•y School Id••lgnat8d Funds are designated lo be used lo further the work of Sl. Michael's Church In relatlon lo the rellgiuJ8 educats'on of children and young people. Fabrlc, flttlng¥ & Ilne art lund Funds are used to pgy for repair8 and purchases In relation lo the fabdc, fftting8 and fine are of St Michael's Church. Memorlal dlsplay fund Funds were used lo purthase on Inleractlve World W8T l Memorial DIsaY which ha5 been instsllèd In the Memorial Chapel ol St. Micha81'5 Churth. Remaining funds are reserved lo pay for possllJe future hangas lo thg display Sunday school fund Funds are used lo further the work of St. Michad's Church in relation to the religious educalon of children and young people. Tufty club fund Residual balance for Children's Road Safety Club Trhthich has since slopped, funds retsined to be used a different but related purpose. Flower fund Funds are used to Cover the costs involved in providing flower5 for decorating St. Mithaèl's Church. Daisy Smith discretionary fund Pog¢ 26 tinued...
BASINGSTOKE PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2025 19. MOVEMEfrIT IN FUNDS- contlnued Being retained funds received from a £SOO legacy. to bo used on ad hoc minor expenses at the disuetion of the prie51 in charge. Dalsy Srnlth music & educallon fund Also being retained funds received from a £SOO legacy noted above lo be used to help in musical education for children. For eXame, recent use has induded Choral training for a teenage choir member. Homeless fund Funds are used lo support work wlh homeless people in Basingstoke. They have been used le cover costs incurred in the running of the Night Light Winl&r Shelter at St. Michael's Church and lo make donations to the Camrose Centre. Belfry fund Belng lor tha running of the All Saints 8811ringing team and bell lower related mainlenance. 8è11s fund Funds arè used to pay for repair6 and purGhaBe$ in relallon lo the bellry of St. Michael's Church. RepalY8 fund Funds from vgrious hislodc dongtlon8 belng used for the fabric upkeep of the AJI Saints buildlng. Audlofvbjual fund Funds were used towards the cost of the purchase and inslallalion of a new Audictrvisual system at st. Michael's Church. Thi8 induded a malor upgrade lo the sound system and new ¥rideo prolection SDF Fundlng Five year Slralegic Development Fund grant awarded lo fun(1 the St Michael's bullding prolect and the initial church plant. 20. CAPITAL COMMITMENTS As of 31st December 2025, Basingsloke PCC has entered into contrac15 Mlh lolal v8lue of £Nil {2024'. £1.153,6151 w(th 8 oulgt8nding liabilty ¢)n the contract 81 year end of £Nil what is in relation to a project for the development of Sl Michael's church whlch Basingsloke PCC received fundlng for. 21. RELATED PARTY DISCLOSURES Two trustees are al80 Iruslees of The Parrett Trust, during the year The Paffètt made a d$3n81ion of £128 12024.. £8,774) in relats'on to Xero fees.Th8 2024 amount is in relallon to organ repairs at All Saints Ghureh. Two trustees had family members vtho were employ811 ty thg charity durfng thè ye8f, Ih88e Salaries were al market rala. Page 27