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← The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity, Fareham

2025-12-31-accounts

Annual Report

and

Financial Statements

of the

Parochial Church Council

for Parish of Holy Trinity, Fareham

for Year ending 31[st] December 2025

Registered Charity No. 1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Contents

Statutory Information.................................................................................................................................................3 The Parish and the Parochial Church Council.............................................................................................................4 Parish Vision Statement..............................................................................................................................................5 Membership of the PCC..............................................................................................................................................8 Sub-committees of the PCC........................................................................................................................................9 PCC Review...............................................................................................................................................................10 Public Benefit & Events.............................................................................................................................................12 Health and Safety/Buildings.....................................................................................................................................13 St Columba Church Development Project................................................................................................................14 Safeguarding Policy..................................................................................................................................................14 Stewardship/Generosity...........................................................................................................................................15 Environmental, Social and Governance Report........................................................................................................15 Financial Review.......................................................................................................................................................16 Investment Policy.....................................................................................................................................................17 Reserve Policy...........................................................................................................................................................17 Statement of Trustees’ Responsibilities....................................................................................................................18 Independent Examiner’s Report...............................................................................................................................19 Statement of Financial Activities..............................................................................................................................20 Balance Sheet...........................................................................................................................................................21 Statement of Cash Flows..........................................................................................................................................22 Notes to the Financial Statements............................................................................................................................23

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Statutory Information

Team Rector The Rev Dr Sam Cullen Correspondence Address Holy Trinity Parish Office West Street Fareham Hampshire PO16 0EL Parish Office Telephone Number (01329) 232688 Charity Registration Number 1135129 Main Bankers Lloyds Bank Plc. 43 West Street Fareham PO16 0BE Solicitors Wa Wannops LLP incorporating Brutton& Co. 227 West Street Fareham PO16 0HA Architects Holy Trinity Julian Vallis Vallis & Hall Conservation Architects LLP Unit 78, Chichester Enterprise Centre Terminus Road Chichester West Sussex PO19 8TX Architects St Columba Studio BAD 18 A London Road (Second Flr)) Southampton SO15 2AF Independent Examiner Nigel Smith, BSc (Econ), CPFA 2 Dover Close Fareham Hampshire PO14 3SU Insurer HT & SC Churches & HT Hall AJG Trinitas Blenheim House 1-2 Bridge Street Guildford Surrey GU1 4RY Insurer Scout Den Ecclesiastical Insurance Office Plc. Beaufort House Brunswick Road Gloucester GL1 1LF

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The Parish and the Parochial Church Council

Our Mission

To practice our faith together by reaching out, sharing what we have and partnering with others for the common good.

The parish of Holy Trinity, Fareham, is a Team Ministry with two churches, Holy Trinity on West Street in Fareham town centre:

and St Columba on Hillson Drive in the suburban North West of Fareham:

Holy Trinity Fareham is by population the largest Parish in Fareham Deanery. Statistics derived from the 2021 Census data show a Parish population of 19,089. There were 124 people on the Electoral Roll in 2025.

Governance

Holy Trinity is managed by one Parochial Church Council (PCC) comprising members from both Holy Trinity and St Columba.

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The PCC has two associated Trusts, the Holy Trinity Parish Hall Trust, which is responsible for the upkeep of the Holy Trinity Church Hall, and the Helen Butter Waddell-Boyd Trust, administering a bequest.

There is one charity, the Le Blanc Charity (257280), which provides a small income for the use of the PCC.

The PCC is a corporate body established by the Church of England, operating under the Parochial Church Council (Powers) Measure 1956 and registered with the Charity Number 1135129.

The Team Ministry was inaugurated by Order in Council on 23rd June 1971.

During 2025 work commenced to dissolve the Team Ministry 1971 Scheme, and enable the formal name change of the Parish to Holy Trinity with St Columba .

The Annual Parochial Church Meeting (APCM) proposed that a scheme be made in accordance with Section B, paragraphs M34 and M35 of the Model Rules contained in the Church Representation Rules 2020 (CRR). The scheme came into effect on 1 September 2025. See Appendix 1.

Vision and Values

Five values underpin the Parish Vision to reflect God’s love in the community of Fareham.

Parish Vision Statement

New work has commenced on an overarching Vision for the Parish that brings new life and is complimentary to the Deanery (Prayer – Partnership – Planting) and Diocesan (Revive - Revitalise - Renew) Strategic plans. See - https://www.portsmouth.anglican.org/our strategy/

Inclusion

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As members of the Inclusive Church Network (https://www.inclusive-church.org/) and as Host to the Open Table Network and Deaf Church, inclusion at all levels remains central to the Parish Vision and Values.

In 2025 in consultation with the Diocesan Disability Advisor, we undertook an accessibility audit of our churches and are looking at those findings.

The appointment of Revd Catherine Edenborough as a Link Person for the LGBTQA+ at Open Table has provided a bridge between the Parish and the Open Table Network. Band Leaders Pete and Sue Hall volunteer as the Musicians at Open Table, providing another link to the Parish and PCC.

An Eco-Church

‘Come as you ore Building on the Rocha UK, category Silver, in 2025 the Parish Group. Energy and passion for reducing Our Churchwarden Mark Coundley frequently status provides us with a sound framework for Care.

achievement of an Eco Church award from A- began to host the Green Christians (Ecumenical) carbon footprint and care for creation continues. champions the cause, whilst the Eco-Church engaging with questions about God and Creation

Worship

Lay and ordained continue to work together to provide worship on Sundays and during the week.

Worship continues to be supported and enhanced by a number of gifted and able musicians. Sadly, Allen Cole, Organist at St Columba for 50 years, passed away in May 2025 and is much missed by his many friends.

The Statistics for Mission in 2025 demonstrated that average weekly Sunday attendance has not fallen: 59 at Holy Trinity, and 30 at St Columba.

Our worshipping community overall amounts to approx. 115 between the two churches. This number includes fresh expressions of Church and those who take part online.

The overall number of people attending services between Christmas Eve and Christmas Day was 581.

Growth, and growing younger as a Body of Christ and a Worshipping Community, remains our focus for the future.

In 2025 we hosted Deaf Church, a British Sign Language service of Holy Communion once a month at Holy Trinity. We regularly have over 20 members joining us each month. Its convener Revd Amanda Collinson says: “ The congregation members love worshipping here with light coming through the large windows, enabling everyone to see clearly: something important if you are relying on sight and not sound. Naturally worship is important for them all, but Deaf Church also provides them with an opportunity to catch up on personal joys and sorrows as well as community news through the bring and share lunch we hold after the service”.

‘Messy Vintage’ is an informal worship for older people, with craft and songs. Run by Anna Chaplains, it is held three times a month across the Parish.

Ministry and Mission

The Parish’s commitment to reach out, share what we have and partner with others for the common good has led to growth in Mission and Outreach.

Outreach through Anna Chaplaincy has grown in 2025 and there is now regular outreach into five Care Homes, thanks to the efforts of our Anna Chaplain Revd Jo-Anne Newton and Anna Friends.

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Care of older people who live alone continues through the efforts of the St Columba Community Connections Worker, Eve Burdfield. The St Columba Friendship Club provides weekly activities, including trips out and entertainment. Organised by Eve.

Care to those on the margins has grown through the weekly pastoral care given to the residents of the Dame Carol Detox Service and occasionally the Dixon House Probation Service.

Mission in schools has grown to include schools with specialist provision. In 2025 we welcomed Kingsgate School to Holy Trinity for their Christmas Carol Service. We also welcomed Uplands School, St Columba School, and Orchard Lea through our doors during 2025 for Christingle, Harvest and Carol Services.

Intentional outreach to children and families continues as a result of two key appointments: The Families Link Coordinator and Messy Church Leader role at Holy Trinity, held by Debbie Turner-LeFevre and the Community Worker role at St Columba, held by Abi Handley.

Fresh Expressions such as Messy Church events in the Parish have resulted in a strong and steady flow of children and families. The Parish’s weekly toddler group, Little Fishes is well attended and includes Praise Time , crafts, songs and stories themed to reflect the Christian Year.

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Membership of the PCC

Members of the congregation who are on the Church Electoral Roll are eligible to stand for election to the PCC. Elections to the PCC are conducted at the APCM in accordance with the Church Representation Rules. Each member stands for a term of three years and can stand for up to two consecutive terms

Team Rector

The Reverend Doctor Sam Cullen

Associate Priest The Reverend Catherine Edenborough Assistant Curate The Reverend Jo Anne Newton Lincensed Lay Minister Sue Craft Churchwardens Holy Trinity: Mark Coundley St Columba: Jim Palmer

Treasurer Sue Marshall (re-appointed 27 April 2025) Secretary Alison Jacobs (re-appointed 27 April 2025) Deanery Synod Representatives Mark Coundley (re-elected 19 April 2023)

Secretary Deanery Synod Representatives (ex officio PCC Members)

Alison Jacobs (re-elected 19 April 2023)

Elected Members

List of PCC elected members at APCM on 19[th] April 2025

Name Date elected for Current term Date for
current term re-election/retirement*
Rowena Palmer (St C) 2023 2nd 2026*
Donna Irving (HT) 2023 1st 2026
Julia Docherty (HT) 2023 1st 2026
Sue Hall (HT) 2024 1st 2027
Steve Ellis (HT) 2024 1st 2027
Bob Turner (HT) 2024 1st 2027
James Rowland (HT) 2024 1st 2027
Mandy Crockford (St C) 2024 1st (resigned 18 January 2026)
Charlotte Farrell (St C) 2024
 2nd 2027*
Rosemary Brewerton (St C) 2024 2nd 2027*
Jane Whiteley (St C) 2025 1st 2028

Other members of the PCC during 2025 were present by virtue of their official role:

Name

Rev Dr Sam Cullen Mark Coundley Lucy Docherty

Jim Palmer Alison Jacobs

Role

Team Rector Church Warden Holy Trinity, Deanery and Diocesan Synod Rep Deputy Church Warden Holy Trinity, Deanery, Diocesan & Church Warden St Columba Deanery Synod Rep

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Emma Bourner Safeguarding Officer Others were co-opted onto the PCC after the 2025 APCM, by virtue of their honorary roles:

Name Role Sue Marshall Treasurer Alison Jacobs PCC Secretary

Members of the congregation who are on the Church Electoral Roll are eligible to stand for election to the PCC. Elections to the PCC are conducted at the APCM in accordance with the Church Representation Rules. Each member stands for a term of three years and can stand for up to two consecutive terms.

Sub-committees of the PCC

The PCC, as a decision-making body, operates through the following committees. Reports from the meetings of committees are given to PCC members for information, comment and questions. In this way the PCC monitors and approves much of the work carried out on its behalf, by the sub-committees. Whilst the PCC has the power to overrule a committee, in practice it seldom does.

Joint Standing and Finance & General Purposes Committee

The Standing Committee is the only committee which is required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. This committee also oversaw the general financial affairs of the two churches in the parish by monitoring income and expenditure and preparing an annual budget. Accountable to the PCC, it also took responsibility for the stewardship of parish resources, including all parish properties (buildings and equipment).

Holy Trinity Church Committee (HTCC)

This committee is responsible for worship and church life, education, mission and outreach and Christian Unity within the church of Holy Trinity.

St Columba Church Committee (SCCC)

This committee is responsible for worship and church life, education, mission and outreach and Christian Unity within the church of St Columba

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PCC Review

The PCC held six face-to-face meetings during 2025 and there were 4 meetings on Zoom*. At every meeting, members were asked to declare any interest in agenda items and at the face-to-face meetings reports were always given on issues relating to health & safety and the safeguarding of children and vulnerable adults.

The meetings were held on:

A summary of the main items discussed and actioned at PCC meetings during 2025 is given below.

All PCC Meetings started and ended with prayer, and safeguarding was included at every meeting. Events to be noted and supported, and the date of the next PCC meeting were also notified each time.

19 Mar The PCC:

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27 May The PCC: -discussed the job description for a Social Media officer -discussed and rejected seasonal colour-themed light bulbs for outside HT on cost -discussed and agreed quotes for SC car park fence (where hall used to be) -referred Board Games Cafe idea to be considered at SC -received confirmation from the Safeguarding Officer that she is aware of everyone working as volunteers -confirmed all PCC members had been circulated the with parish policies and their job description -co-opted Sue Marshall to the PCC as Treasurer, and co-opted Alison Jacobs as Secretary -elected Jim Palmer as Vice Chair of the PCC -received confirmation that the New District Church Councils and Deputy Warden scheme were to come into effect on 1 September 2025. Lucy Docherty to be known as Deputy Warden Designate until then. SC deputy warden to be appointed after 1 September. -received confirmation that the Standing Committee members comprise the Incumbent, Treasurer, PCC Secretary, Churchwardens and 2 members appointed from the PCC. The 2 members could be the new Deputy Wardens. -discussed the first quarter accounts. Generosity Week to include a stewardship campaign. -agreed updated spending limits for Rector, Wardens, Standing Committee. -confirmed both churches having Energy Audits. -were advised the Social Media person job description has been drafted

29 Jul The PCC: -were informed that useful discussions had been held at both church committee meetings List of helpful phone numbers to be displayed in both churches. SC already have emergency contact numbers for some people, easily accessible. -approved the motion to change the name of the Parish from Holy Trinity Fareham to Holy Trinity with St Columba Fareham -approved the Diocesan role and job description for Anna Chaplain and Anna Friend and gave approval for recruitment of Anna Friends to begin -discussed the Quarterly Accounts and projected deficit (£9,028 against original budget of £15,350). -approved Stewardship campaign to take place in Generosity Week on 28 September, the week before Harvest. -discussed and approved a new account for the HBWB shares proceeds (as advised by Diocese) -discussed health and safety – HT Link door automatic closure disabled as it was broken and difficult to lock, SC car park surface needed attention, and a leaning tree was becoming unsafe.

24 Sep The PCC: -was reminded of the confidentiality of proceedings – not to be divulged externally - was informed of the way forward at St Columba: both congregations to be informed on Sunday 28 September, with a press release on Monday 28 from the Diocese. Suggestions were made about the way forward for St Columba congregation and homes for current groups. It was proposed that the Church building be closed and the site sold. With great sadness, this was agreed unanimously. A short time of prayer and reflection was held. -approved 2 Minutes for the sale and transfer of investments to the new bank account for the Helen Butter Waddell – Boyd (HBWB) Will Trust -approved Anna Friend training for Tessa Harrison and thanked her for stepping up.

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21 Oct The PCC:

-approved the Minutes of the meeting held on 24 September to enable funding for the Holy Trinity Hall refurbishment to be in place and to close one investment account (rationalising banking).

04 Dec The PCC:

-were advised there were no safeguarding matters raised at either church

-were updated on the parish name change

-delegated Parish policies to individuals for review at next meeting

-discussed the September accounts.

-agreed new hire rates and living wage rates. A change of insurer discussed.

-received updates on Health and Safety including the Scout action plan, instructions for the dishwasher at HT and remedial work to the car park at St Columba

-received reports on the need for a formal agreement of responsibilities with the Scouts, the new hall locks at HT and a council request to link a new development in to the HT storm drain

-agreed to fund the cost of the Myers-Briggs Seminar from the HBWB fund if necessary

-briefly discussed the hire of HT Hall for worship by other churches on Sundays.

Public Benefit & Events

Occasional Offices: Details of services in the Parish that took place for the benefit of specific members of the public in 2025 are below:


Baptisms

Weddings

Funerals


 2025

17

3

13 church

17 crematorium

6 interment of ashes		 2024
14
1
11 church
6 crematorium/burial
1 interment of ashes

A selection of Sunday services from Holy Trinity were live streamed and are available to view via social media.

Little Fishes, specifically for families with preschool children, met weekly on a Wednesday morning and several Messy Church and Little Fishes Go Big sessions were held during the year to include older children and more craft activities and worship.

Weekly Morning Prayer continued in our churches during 2025.

Holy Trinity church was open to the public on Monday, Tuesday, Thursday, Friday and Saturday mornings. From September 2025 the Church opening times coincided with the Parish Office opening times, 08:3014:30, thanks to Clive Ellam. Due to a shortage of volunteers there a church Watch on Wednesday afternoons was discontinued in 2025 and those who had volunteered in the past stepped down. Thanks are owed to those volunteers and all those who have kept a Church Watch on Saturday mornings in 2025.

In the Parish, the HT Hall and both churches were available to all and regularly used by a wide cross-section of the community including a weekly Lunch Club for the elderly, choral groups, children’s Uniformed Groups, Little Fishes/Messy Church, Alcoholics Anonymous, Nutty Knitters, the community coffee morning, Hillson Tots toddler group, the monthly table top sale, afternoon tea group and the St Columba Friendship group. HT hall and both churches are also available for private hire through the Parish Office.

Clergy and lay workers continued to make connections with local schools in 2025. Abi Handley continues as our community worker based at St Columba Primary School. She runs collective worship at the school as well as

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identifying suitable opportunities for mutual support. She also prepares children’s activities for Sunday morning church services and runs a Lego play table during the monthly table top sales.

From May to December 2025 the Parish resourced a planting scheme at St Columba School, called FAMILY CHURCH. Its aim was to bring the word of God to the local families on the Stowe Estate through food, stories and music. However, the take-up was poor and the initiative was discontinued at the end of 2025. The Parish continues to explore how to maintain a presence in North West Fareham.

Christmas hampers were again given to the most vulnerable families at St Columba School and were received with great delight. Local schools came to our churches for services at Easter, end of school year, Harvest and Christmas. In 2025 we extended our schools outreach to include Specialist schools in the Parish.

In 2025, we continued our outreach and mission work into five Care Homes in the Parish: Ranvilles, Cordelia House, Blackbrook House, Uplands House, and Avenue Care Home. We continue to develop our Anna Chaplaincy.

Weekly Outreach and chaplaincy to a local Detox Centre continues to be appreciated by both the residents and staff as well as an annual carol service.

Open Table continued to meet in the Holy Trinity Hall as a safe space for LGBTQ+ Christians and their friends.

Deaf Church continued at Holy Trinity, a monthly Holy Communion service for the deaf community led by priests who use British Sign Language.

During March in 2025, we introduced and continue to run a Quiet Communion service each Thursday morning at Holy Trinity.

Health and Safety/Buildings

We have continued to actively manage our Health and Safety, reviewing and updating our policies and risk assessments. There were no major Health & Safety issues in 2025 requiring changes to relevant policies.

At St Columba, improved lighting has been introduced in the car park and the car park surface levelled to reduce the risk of accidents. Additionally, a cherry tree has been felled when it started leaning dangerously and a fence has been erected to prevent cars from accidentally driving off the edge of the car park, now that the Hall has been removed.

At Holy Trinity windows and doors in the hall and linkway have been replaced. This will make entering and leaving the building safer, particularly for those visitors with additional accessibility needs. The work was conducted with detailed attention to Health and Safety, ensuring an accident-free operation.

St Columba Church Development Project

The implementation of Phase 1 of our Church Development project concluded successfully with the creation of a toilet and kitchenette at the back of the church and improved storage facilities in the choir vestry. A service of celebration and blessing of the new facilities was held in January 2025.

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The new facilities have been generally successful with most of our space hirers staying with us through the changes. Unfortunately, the loss of space has made it difficult for the St Mary's Jacobite Syrian Orthodox Church, Hampshire who have been worshipping in St Columba Church for nearly ten years and they have decided to move to a larger Church. We will miss them and wish them all the best in their new place of worship.

Meanwhile, our architect, Darren Bray, as part of Phase 2 of the project, explored options for working with a Housing Association to provide social housing on the site and use the income to build a new church which would be both eco-friendly and cheaper to maintain. Unfortunately, we were unable to identify a financially viable route forward.

After lengthy discussions, we reached the view in September that, even if we were to find a way of building a new church, we would struggle to resource the running of a new building. Although we have maintained steady numbers over the last few years, we have an aging demographic and have realised that we need to take a pragmatic view of what we can achieve.

We have made a decision in principle that we should aim to close and dispose of the current St Columba Church building by 2030 at the latest and for the latter part of 2025 have been exploring options for the way forward with the Diocese. We are determined to remain a small but energetic worshipping community without our own church building.

Safeguarding Policy

In 2025, 2 referrals were made to the Diocesan Safeguarding Advisor.

Stewardship/Generosity

Stewardship was the time-honoured word used for many years to describe our response to requests for financial and other types of giving. It has now been replaced with the word “Generosity” to clarify what our giving should be

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about - a response to the overwhelming generous love of Jesus and our attempt to mirror how much he gave us by giving back something of our time and money to his church.

These graphics show very clearly the huge gap between what we spend and what we receive in the General Fund which is where all our day to day spend takes place. Put simply, last year we did not “earn” as much as we spent and there is no “magic money tree” waiting over the horizon for us to help us out.

We recognise the financial difficulties some will have faced in maintaining their stewardship in 2025 and give thanks to everyone who has continued with their regular giving through the Parish Giving Scheme, standing orders or weekly envelopes. Moreover, we give thanks to all those who responded to Generosity Week in September 2025 either by increasing their regular pledge giving or by one off donations. Many congregation members have also supported St Columba School in their requests for help with Christmas hampers as well as generous donations made for Christian Aid and other appeals.

However, there can be no getting away from the fact that as a Parish we are living beyond our means and with some substantial outlays having to be made in the not-too-distant future at Holy Trinity and at St Columba we will be in difficulties going forward without an upturn in our giving. But God is good, and with his example of love and generosity we should not lose heart.

Environmental, Social and Governance Report

E is for Environment

Holy Trinity and St Columba are committed to caring for God’s creation and working towards sustainability and Net Zero. We are delighted that A Rocha recognised our progress with a Silver Eco Church Award in 2024. This past year, our parish also became a member of the Green Christians network.

We continue to look after our parish buildings and grounds responsibly, and we actively seek new opportunities to reduce our energy use.

· Holy Trinity has solar panels installed on the hall, along with newly installed windows and doors which are helping us lower our carbon footprint.

· At St Columba, we use screens during services to significantly cut down on paper use.

We have begun using the Energy Footprint Tool and are waiting for our energy provider to be added to the system. Once recognised, the tool will help us better understand and reduce our environmental impact. We know that our gas heating is currently our largest source of CO₂, and we plan to address this as part of future refurbishment projects.

Together, we remain committed to making positive, practical changes for a more sustainable future.

S is for Social

Holy Trinity and St Columba value all their employees and are committed to paying a fair, living wage. We also have clear policies on equal opportunities, training and development, and health and safety. These are available on our website and are reviewed annually by the Parochial Church Council.

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We are proud to be part of the Inclusive Church Network and Christians Together in Fareham. As an Inclusive Church parish, we warmly welcome everyone, including the Deaf Church and Open Table communities. Our parish also supports the Fairtrade movement and its products, recognising the importance of justice, dignity, and fair treatment for producers around the world.

G is for Governance

Holy Trinity and St Columba take their governance responsibilities seriously. All PCC members receive regular training to ensure they understand their duties as trustees.

Our trustees review the parish’s investments each year and seek guidance from the Diocesan Investment Advisory Group. All investments are made in accordance with the Church of England’s Ethical Investment Advisory Group guidelines and during 2025 have disposed of all energy shares.

We have also worked hard to shape our Vision and Action Plan around a set of values that reflect our Christian mission and witness.

Financial Review

The General Fund had a deficit for the year of £18,441 which was less than expected as some legacies and donations were received during the year. Pledged Giving was slightly less than budgeted and car park income was lower than estimated by FBC the previous year. The Parish Giving sum, based on 7.5% of Pledged Giving, was £5,850 to be divided between the 6 charities as decided by the PCC.

In 2025 expenditure in the General Fund was below budget mainly due to office staff vacancies. The Parish Share was lowered after the budget had been set. The General fund had a balance of £51,332 at the year end.

The Holy Trinity Hall made a small surplus during the year amounting to £229 (2024 – deficit of £1,280). During the year, the windows and woodwork have been replaced, this work was funded from the HT Hall EO fund. This fund will need to topped up in future years to ensure funds for future maintenance.

There were losses on Investments of £17,591 during 2025, compared to gains of £24,513 in 2024. The funds of the Parish now total £1,509,748 (£1,648,518 in 2024) although £297,308 is in Endowment funds of which the Parish can only use the interest and £1,161,108 is in Restricted or Designated funds for particular projects. This reduction in funds reflects the works to the HT hall and the General Fund deficit where expenditure on everyday activities exceeds income. The total funds figure includes the value of the Holy Trinity Hall at £500k.

The PCC would like to thank the generosity of the Parish and community who have made donations during the year.

Investment Policy

The PCC has in place the following investment policy.

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Reserve Policy

It is the policy of the PCC to hold in freely accessible reserves for the general fund and any operating restricted reserve (see below) an equivalent of at least four months of expenditure.

It is also the policy of the PCC that where funds become insolvent at the year end, and the budget indicates that those funds will not recover within a year, a transfer from the General fund will be made. If the General fund is insolvent, transfers will be made proportionally from all the designated funds.

The funds covered by this reserve policy and their current level of reserves are as follows:

Required in In reserves as In excess of/
Fund reserves at Dec 2025 (short by)
£ £ £
General Fund 52,323 51,332 (991)
Messy Church (restricted) 1,283 (1,879) (3,162)
HT Hall (restricted) 4,936 8,864 3,928

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice.

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Charity law requires the trustees to prepare finance statements for each financial year that give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner’s Report

To the members of the Holy Trinity with St. Columba Parochial Church Council

I report on the accounts of the PCC for the year ended 31 December 2025, which are set out on pages 20 to 37.

Respective responsibilities of the PCC and the examiner

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The members of the PCC are responsible for the preparation of the accounts who consider for this financial year an audit is not required under section 144 of the Charities Act 2011 (the 2011 Act) or the Church Accounting Regulations 2006 (the Regulations) and that instead, an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission and the Church guidance, 2006 edition. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act and the Church Accounting Regulations

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Nigel Smith, BSc (Econ), CPFA Fareham Hampshire PO14 3SU

Date: 5 April 2026

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Statement of Financial Activities For the year ended 31[st] December 2025

2025 2024
Notes Unrestricted Designated Restricted Endowment Total Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Incoming and endowments from:
Donations and legacies 2 113,138 5,286 7,053 – 125,477 137,650
Charitable activities 3 13,205 3,324 - – 16,529 16,564
Other trading activities 4 3,616 - 13,209 – 16,825 16,395
Investment income 5 1,830 14,174 5,462 8,946 30,412 36,193
Other income 6 9,665 - 4,538 - 14,203 17,126
Total income 141,454 22,784 30,262 8,946 203,446 223,928
Expenditure on:
Raising funds 7 792 - 31 - 823 1,307
Charitable activities 8 140,468 6,673 139,528 1,077 287,746 201,486
Other incl Support costs 10 17,233 4,591 6,884 7,348 36,056 229,350
Total expenditure 158,493 11,264 146,443 8,425 324,625 432,143
Net gains/(losses) on investments (1,402) (18,142) 2,436 (483) (17,591) 24,513
Net income/(expenditure) (18,441) (6,622) (113,745) 38 (138,770) (183,702)
Transfers between funds
Gross transfers between funds – in - 735 2,308 - 3,043 152,724
Gross transfers between funds – out - - (3,043) - (3,043) (152,724)
Net movement in funds (18,441) (5,887) (114,480) 38 (138,770) (183,702)

Reconciliation of funds

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Total funds brought forward
Total funds carried forward		 69,773
509,780
771,695
297,270
1,648,518
1,832,220
51,332
503,893
657,215
297,308
1,509,748
1,648,518

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Balance Sheet

As at 31[st] December 2025

2025 2024
Total Total
Notes Funds Funds
£ £
Fixed assets
Tangible assets 16 504,180 506,641
Investments 17 773,235 900,469
1,277,415 1,407,110
Current assets
Stocks 18 - -
Debtors 19 2,874 3,521
Cash at bank and in hand 20 249,371 256,048
252,245 259,569
Liabilities
Creditors: amounts due in one year 21 19,912 18,161
Net current assets 232,333 241,408
Total assets less liabilities 1,509,748 1,648,518
The funds of the Parish
General fund 24a 51,332 69,773
Designated funds 24b 503,893 509,780
Restricted funds 24c 657,215 771,695
Endowment funds 24d 297,308 297,270
Total funds of the Parish 1,509,748 1,648,518

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Statement of Cash Flows For the year ended 31[st] December 2025

Notes
Cash flows from operating activities
Net cash provided by operating activities
22
Cash flows from investing activities
Dividends, interest and rents from investments
Less dividends re-invested
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from the sale of investments
Purchase of investments
Net cash provided by investing activities
Cash flows from financing activities
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provided by financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period
23		 2025
Total
Funds
£
(146,732)
30,412
(9,781)
-
-
119,424
-
140,055
–
–
–
–
(6,677)
256,048
249,371		 2024
Total
Funds
£
(140,785)
36,193
(13,446)
-
-
180,000
(65,000)
137,747
–
–
–
–
(3,038)
259,086
256,048

23

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2025

1 Accounting Policies

Basis of preparing the accounts

The financial statements have been prepared under the Charities Act 2011 in accordance with all applicable accounting standards as modified by the Church Accounting Regulations 2006 and the Statement of Recommended Practice for Accounting and Reporting SORP FRS 102 Second Edition (effective 1st January 2019) issued by the Charity Commissioners for England & Wales.

The particular accounting policies adopted are set out below.

Accounting convention

The financial statements have been prepared on an accruals basis under the historical cost convention as modified for the revaluation of property and investments assets. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Recognition of Income

Income from donations, Gift Aid claims, dividends and hall hiring are recognised in the year that they relate to. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Pledged giving, loose plate collections and interest are recognised when received.

All incoming resources are accounted for gross and are shown separately from any direct expenditure incurred.

Recognition of expenditure

Expenses are recognised in the year that they relate to. The cost of raising funds, charitable activities and other costs are detailed in the notes to the accounts.

Each year the PCC aims to make grants and donations (Parish Giving) based on a percentage of pledge income received, further details are given in note 9 of the accounts.

VAT on expenditure is irrecoverable and as such all expenditure within the financial statements are shown at the gross amount. Where VAT can be reclaimed as part of the Listed Places of Worship Grant scheme, the expenditure is still shown as gross with the income from the grant being recognised as income upon receipt.

Recognition of liabilities

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

Fund Structure

Unrestricted funds are general funds, which can be used by the PCC for ordinary purposes.

Designated funds are those initially received as unrestricted funds but are designated by the PCC for specific purposes. Details of designated funds are given in note 24 to the accounts.

Restricted funds represent income from specific activities and trusts which are only to be spent in accordance with the stipulations set out at the time of the donation. Any balance remaining unspent at the end of each year is carried forward to be used in future years.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

The endowment funds relate to the Helen Butter Waddell-Boyd Will Trust. The capital must be maintained and only the income gained from investing the endowment may be spent in accordance with the stipulations of the trust.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

1 Accounting Policies (continued)

Fixed assets

Fixed assets are depreciated over their estimated useful economic lifetime. Where this is unknown or is difficult to determine, the default policy under Equipment, Fixture and Fittings are used. The following depreciation policies were used during the year:

Equipment, Fixture and Fittings 20% straight line (over 05 years) Organs 10% straight line (over 10 years) Solar Panels 04% straight line (over 25 years)

Consecrated and beneficed property is excluded from the accounts under section 10(2) to (4) of the Charities Act 2011.

Note: Following the demolition of St Columba Church Hall it has been identified that St Columba Church appears to have been dedicated but not consecrated. It has now been decided to close the Church building in the next few years and a valuation will be included once the future of the site is decided.

Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s Inventory, which can be inspected (at any reasonable time). For inalienable property acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1st January 2000 have been capitalised and depreciated in the accounts over their estimated useful economic lifetime on a straight-line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1st January 2000 are written off.

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently revalued at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on these revaluation and disposals throughout the year. During 2025 the shares have been sold and the proceeds of this and 2 of the investment accounts have been transferred to a new investment account in the name of the HBWB Trust.

The PCC does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the PCC is that of volatility in equity markets and investment markets.

Stock

Stock is valued at the lower of cost or net realisable value. Stock counts are taken at least annually on or as close to 31[st] December as practically possible. There are no stocks currently held in the Parish.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued )

2 Analysis of income from donations and legacies

Gift Aided pledged giving
Gift Aid recovered
Non-gift Aided pledged giving
Loose plate
General donations
Specific donations
Legacies received
Grants received
Total donations and legacies		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
69,937
-
-
-
69,937
80,454
18,476
5
-
-
18,481
23,323
8,094
-
-
-
8,094
1,728
3,946
-
-
-
3,946
2,743
3,272
-
-
-
3,272
6,047
2,403
281
2,053
-
4,737
16,355
5,910
5,000
-
-
10,910
2,000
1,100
-
5,000
-
6,100
5,000
113,138
5,286
7,053
-
125,477
137,650
3 Analysis of income from charitable activities charitable activities
2025 2024
Unrestricted Designated Restricted Endowment Total Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Donations for use of churches
9,713		 - - - 9,713 9,661
Parish events 90 - - - 90 80
Friendship Group - 3,324 - - 3,324 4,041
PCC Fees 3,402 - - - 3,402 2,782
Total income from charitable
activities		 13,205 3,324 - - 16,529 16,564

4 Analysis of income from other trading activities

Analysis of income from other trading activities
HT Hall letting income
Fairs and fundraising income
Sale of cards & books
Card fees
Total other trading activities		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
-
-
13,219
-
13,219
13,824
3,639
-
-
-
-
-
-
-
3,639
-
2,576
43
(23)
-
(10)
-
(33)
(48)
3,616
-
13,209
-
16,825
16,395

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued )

5 Analysis of investment income

Analysis of investment income
Investment income
Dividends received
Interest received
Other Investment Income
Total investment income		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
834
-
128
1,761
2,723
2,497
996
14,174
5,334
7,185
27,689
32,740
-
-
-
-
-
956
1,830
14,174
5,462
8,946
30,412
36,193

6 Analysis of other income

6
Analysis of other income
Car park and ground rents
Other incoming resources
Total other income		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
9,214
-
-
-
9,214
13,907
451
-
4,538
-
4,989
3,219
9,665
-
4,538
-
14,203
17,126

7 Analysis of expenditure on raising funds

Stewardship expenses
Catering and refreshment
expenses
Fairs and fundraising
expenses
Total raising funds		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
-
-
-
-
-
349

438
-
31
-
469
650
354
-
-
-
354
308
792
-
31
-
823
1,307

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued )

8 Analysis of expenditure on charitable activities

Parish event expenses
Parish giving – Overseas
Parish giving - National Agencies
Parish giving - Local Charities
Parish & Deanery share
Clergy travel costs
Clergy telephones
Clergy post and stationery
Clergy books and publications
Clergy hospitality
Clergy miscellaneous costs
Clergy housing costs
Altar requisites
Church flowers
Training, education and books
Friendship Group
Messy Church & Little Fishes
Children’s Work Exps
HT organist and choir
SC organist and choir
Depreciation
HT Heat, light and water
HT Insurance
HT Repairs
HT Miscellaneous
HT Church cleaning
HT Upkeep of grounds
SC Heat, light and water
SC Insurance
SC Repairs
SC Miscellaneous
SC Church Cleaning
SC Upkeep of grounds
HT Hall Heat, light and water
HT Hall Insurance
HT Hall Repairs
HT Hall Cleaning
HT Hall Sundries
SC Hall Insurance
SC Hall Cleaning
Total expenditure on charitable
activities		 Unrestricted
Funds
£
Designate
d Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
185
-
-
-
185
-
1,950
-
-
-
1,950
2,054
1,950
-
-
-
1,950
2,054
1,950
-
-
-
1,950
2,054
101,173
-
-
-
101,173
106,498
417
-
-
240
657
390
138
72
-
-
210
171
7
-
-
17
24
-
255
-
-
-
255
374
25
-
-
-
25
245
536
-
-
-
536
1,169
-
-
-
820
820
537
1,032
-
-
-
1,032
872
-
-
369
-
369
420
1,450
-
378
-
1,828
1,538
-
3,109
-
-
3,109
2,954
-
-
1,152
-
1,152
1,143
-
-
408
-
408
506
533
-
51
-
584
296
1,395
-
-
-
1,395
2,125
-
-
2,461
-
2,461
6,623
4,078
-
-
-
4,078
8,694
2,448
-
-
-
2,448
2,373
3,434
3,492
-
-
6,926
8,315
1,189
-
2,099
-
3,288
3,651
1,489
-
-
-
1,489
118
-
-
5,654
-
5,654
60
5,750
-
-
-
5,750
9,393
1,636
-
-
-
1,636
1,302
1,775
-
-
-
1,775
278
1,134
-
364
-
1,498
1,346
2,858
-
-
-
2,858
1,387
1,415
-
-
-
1,415
585
-
-
4,368
-
4,368
5,959
-
-
2,447
-
2,447
2,373
-
-
113,760
-
113,760
13,628
266
-
5,874
-
6,140
7,873
-
-
143
-
143
148
-
-
-
-
-
703
-
-
-
-
-
1,277
140,468
6,673
139,528
1,077
287,746
201,486

Notes: The HT Hall repairs relate to the windows and gutters, funded from the HT EO fund. HT energy costs include a credit relating to 2024 re vat classification.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2025 (continued)

9 Analysis of grants and donations payable by the PCC

Each year, the PCC aims to make grants and donations to other charities equal to approximately 7½% of the pledge income received during the year. Additionally, special collections are held during the year for various charities at weddings, funerals, baptisms, and other special services. These special collections are not recognised as income and are instead held on the balance sheet as a liability until such time as they are paid.

In 2024 the decision was made by the PCC to support 6 charities for 2 years through our Parish Giving and to develop stronger links. The choices of charities were voted for by the PCC from the suggestions of the congregation.

Dementia Support
Friends of the Homeless – Basics Bank
Church of England Urban Fund
The Brains trust
Water Aid
Christian Aid
Total		 2025
£
975
975
975
975
975
975
5,850		 2024
£
1,027
1,027
1,027
1,027
1,027
1,027
6,162

In addition to the above, the following special collections were held during the year:

Altar Frontal
Alzheimer’s Society
Amber Trust
Basics Bank
Bishop’s Lent Appeal
Blood Cqncer
British Legion
Children’s Society
Christian Aid
Covid 19 Emergency Fund
Crisis
HIHCT
Portsmouth Hospital Charities
Rotary
SCA school lunches/hampers
Two Saints
World Day of Prayer
Youth Bibles
Total collected for charities		 2025
£
7,750
-
204
30
216
28
109
13
-
-
392
-
204
-
1,085
385
-
380
10,796		 2024
£
-
25
-
363
182
162
-
15
245
500
775
250
-
81
524
558
368
-
4,048

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

10 Analysis of other costs

Other costs
Subscriptions
Printing and stationery
Postage
Office Telephone
Salaries
Employer’s pension & NI
Legal & professional fees
SC Dev exps
Bank charges and interest
Sundry expenses
Total other costs		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2025
Total
Funds
£
2024
Total
Funds
£
2,462
-
-
-
2,462
2,394
672
-
-
962
1,634
2,065
-
-
-
-
-
75
562
-
-
563
1,125
790
12,246
4,586
6,880
5,819
29,531
33,023
412
-
-
-
412
180
343
-
-
-
343
22,263
-
-
-
-
-
168,230
157
5
4
4
170
36
379
-
-
-
379
294
17,233
4,591
6,884
7,348
36,056
229,350

Note: The 2024 figures for SC Dev Exps and Prof fees include the demolishing of the St Columba Hall and the refurbishment of the Church.

11 Surplus for the financial year

The Surplus for the financial year is stated after charging:
Operating leases - rent
Depreciation of owned fixed assets
12
Staff costs and remunerations
Gross Salaries
Employer’s National Insurance
Employer’s Pension Contributions
Total		 2025
£
-
2,461
2025
£
39,381
-
392
39,773		 2024
£
-
6,623
2024
£
44,269
(197)
353
44,425

The average number of employees during the year was 5.7 (2024 – 6). The average number of full time equivalent employees during the year amounted to 1.6 (2024 – 1.6).

During the year there were no employees (2024 – nil) with remunerations (full time or pro-rata) in excess of £60,000 per annum. The pension contributions are operated through NEST.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2025 (continued)

13 Trustees’ remunerations and expenses

No members of the PCC have received a remuneration either in the current year or the previous year. Various members of the PCC were reimbursed for sundry items that they purchased on behalf of the Parish, no unreceipted expenditure was paid to PCC members.

14 Operating Leases

At the year end, the PCC had annual commitments under non-cancellable operating leases as set out below:

Total minimum lease payments:
within one year
within two to five years
Total		 2025
£
1,094
2,188
3,282		 2024
£
1,094
3,282
4,376

At the end of 2023 the Parish entered a 5 year lease on a printer.

15 Related party transactions

During the year total donations from all PCC members while in office amounted to £15,740 (2024 - £22,307).

The Scout Group have sole use of the Scout Hut, a building owned by the PCC. During the year expenditure relating to insurance, repairs, and utilities paid for by the PCC were recharged totalling £1,044 (2024 - £1,012). The balance owed to(from) the related party at the year end amounted to £82 (2024 – (£75)).

Revd Sam Cullen sits on the Board of Trustees for The William Price Charitable Trust representing the Parish. The Trust provides grants to the PCC, amongst other organisations, for the education of under 25s in furthering their Christian upbringing. During the year the PCC received £5,000 (2024- £5,000) from the Trust which was used to fund Messy Church and other children’s activities.

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Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

16 Fixed assets

6
Fixed assets
.
Asset cost or valuation
amount
At 1stJanuary 2025
Additions
Disposals
At 31stDecember 2025
Accumulated
Depreciation
At 1stJanuary 2025
Charge for the year
Eliminated on disposals
At 31stDecember 2025
Net Book Value
At 1stJanuary 2025
At 31stDecember 2025		 Hall
Property
£
500,000
–
-
500,000
-
-
-
-
500,000
500,000		 Solar
Panels
£
9,500
–
–
9,500
4,940
380
-
5,320
4,560
4,180		 Fixtures
&
Fittings
£
39,814
-
-
39,814
39,814
-
-
39,814
-
-		 HT
Kitchen
refurb
£
31,215
-
-
31,215
29,134
2,081
-
31,215
2,081
-		 Total
£
580,529
-
-
580,529
73,888
2,461
-
76,349
506,6
41
504,180

Hall Property comprises of the Holy Trinity Parish Centre (including Scout Den) at a value of £500,000. As the PCC will not be selling the Parish Centre no impairment or further revaluations are considered necessary this year.

St Columba Church is in the process of being closed and the future of the site is currently under review so a valuation is not yet available.

33

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

17 Fixed asset investments

Unrestricted
Investments
Designated
Investments
Restricted
Investments
£
£
£
Valuation
Market value at 1stJanuary 2025
41,546
442,471
152,794
Additions at cost and dividends
reinvested
968
7,100
1,713
Disposals/transfers
-
-
(119,424)
Net gains/(losses) on revaluation of
investments
(1,402)
(18,142)
2,436
Market value at 31st December
2025
41,112
431,429
37,519
Investments held in the UK
26,229
275,252
23,937
Investments held outside of the UK
14,883
156,177
13,582
Total market value
41,112
431,429
37,519		 HBWB
Investments
£
263,658
-
-
(483)
263,175
180,562
82,613
263,175		 Total
£
900,469
9,781
(119,424)
(17,591)
773,235
505,980
267,255
773,235

CBF investment funds have partial overseas holdings to which the PCC have no overall control of their investment.

18 Stock

There are no stocks of goods for re-sale in the Parish

19 Debtors

Gift Aid
Investment income due
Prepayments
Other debtors
Total		 2025
£
-
495
1,147
1,232
2,874		 2024
£
-
586
806
2,129
3,521

20 Cash at bank and in hand

ash at bank and in hand
2025 2024
£ £
Cash in hand 333 330
Current accounts 107,404 125,196
Deposit accounts 141,634 130,522

34

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Total
249,371
Notes to the Financial Statements
For the year ended 31st December 2025(continued)
21
Creditors: amounts falling due within one year
2025
£
Trade creditors
1,731
Social security and other taxes
Special Collections creditor
2,206
6,598
Parish Giving creditor
5,850
Other creditors
3,527
Total
19,912
22
Reconciliation of net movement in funds to net cash flows from operating activities
2025
£
Net Movement in funds
(138,770)
Adjustments for:
Depreciation charges
2,461
(Gains)/losses on investments
17,591
Dividends, interest and rents from investments
(30,412)
SC Hall value written off after demolition
-
(Increase)/decrease in stocks
-
(Increase)/decrease in debtors
647
Increase/(decrease) in creditors
1,751
Net cash provided by operating activities
(146,732)
23
Analysis of cash and cash equivalents
2025
Cash in hand
249,371
Notice deposits (less than 3 months)
–
Overdraft facility repayable on demand
–
Total cash and cash equivalents
249,371		 249,371
2025
£
1,731
2,206
6,598
5,850
3,527
19,912

35

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

24 Analysis of individual funds

The follow analysis shows the movements within individual funds.

24a Unrestricted Funds
General Fund
Total Unrestricted
24b Designated
Dr Collin’s Memorial Fund
HT Roof Repair Fund
Memorial Garden Fund
Organ Replacement Fund
Specific Purposes Fund
St. Columba Development
Fund
Parish Capital Fund (Zodiac
site)
Total Designated
24c Restricted
Hall Property Reserve
HT & SC Flower Funds
HT Choir Fund
HT Parish Hall
HT Parish Hall Extra-
Ordinary
HT Major Projects
Messy Church/Little Fishes
Fund
Prices Trust Fund
Quest Operating Fund
Restoration Fund
SC Choir Fund
Specific Purposes Fund
St Columba Development
Fund
Total Restricted
24d Endowment
HBWB Trust Capital
HBWB Trust Revenue
Total Endowment		 Opening
Balance
£
69,773		 Income
Expenditure
Transfers
Gains/
Losses
Closing
Balance
£
£
£
£
£
141,454
158,493
-
(1,402)
51,332
69,773 141,454
158,493
-
(1,402)
51,332
9,373
80,457
571
6,249
72
219,873
193,185		 3,341
7,768
-
-
4,946
2,308
3,492
-
(2,570)
76,703
20
-
-
-
591
211
-
-
-
6,460
5,006
-
-
-
5,078
6,072
4
735
(7,863)
218,813
5,826
-
-
(7,709)
191,302
509,780 22,784
11,264
735
(18,142)
503,893
500,000
1,717
1,090
8,635
147,609
65,722
3,026
(2,308)
198
25,391
412
2,684
17,519		 -
-
-
-
500,000
163
369
-
-
1,511
39
50
-
-
1,079
15,036
14,807
-
-
8,864
4,594
114,249
-
2,436
40,390
2,317
5,654
-
-
62,385
1,252
3,849
(2,308)
-
(1,879)
5,000
5,000
2,308
-
-
7
-
-
-
205
889
-
-
-
26,280
15
-
-
-
427
735
2,100
-
-
1,319
215
365
(735)
-
16,634
771,695 30,262
146,443
(735)
2,436
657,215
262,506
34,764		 -
-
-
(483)
262,023
8,946
8,425
-
-
35,285
297,270 8,946
8,425
-
(483)
297,308

36

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Total 1,648,518 203,446 324,625 - (17,591) 1,509,748

Notes to the Financial Statements

For the year ended 31[st] December 2025 (continued)

24 Analysis of individual funds (continued)

Dr Collins Memorial Fund

During 2012, a legacy was received from the late Dr. Margaret Collins. This legacy was to be split between the two churches to use as each church council see fit. HTCC allocated part of their portion to purchasing new chairs for the Parish Centre in 2015, a coffee machine in 2016, part of the cost of the HT notice boards in 2017, a fence around the HT memorial garden and a sign at SC in 2018, a stable door for the Parish office in 2021, and in 2022, £15,350 was used to fund the Hub deficit from the SC portion. The fund continues to fund the Friendship Group.

HT Roof Repair Fund

The Holy Trinity Roof Repair Fund is a designated fund that holds a portion of the proceeds of the sale of the Miller Drive property.

Memorial Garden Fund

The Memorial Garden Fund is a designated fund to maintain the memorial garden in the grounds of Holy Trinity.

Organ Replacement Fund

The Organ Replacement Fund is a designated fund which is used for maintenance of the organs.

Specific Funds

This is a joint designated and restricted fund for the purpose of holding short-term designated and restricted income that is expected to be used within a couple of years which does not warrant the creation of a dedicated fund.

SC Development Fund

The St. Columba Development Fund is a joint designated and restricted fund. The designated fund arose from the proceeds of the sale of the Miller Drive property. The restricted reserve holds donations and income raised to develop the site at St. Columba. The cost of the toilet and kitchen additions was taken mainly from the designated fund and the rest from the restricted fund.

Parish Capital Fund

This designated fund contains the proceeds of the negotiations over the sale of the ransom strip within the Zodiac redevelopment as well as the Nigel Dean legacy. The PCC decided that it is to be spent on future capital projects within the Parish. In 2024, the PCC approved the transfer of £50,000 to the General Fund to cover the deficit and £15,000 to the HT Hall to ensure there are sufficient reserves.

Hall Property Reserve

This fund now contains the nominal value of the HT Hall.

HT & SC Flower Funds

The Flower Funds relate to the supply of flowers for both Holy Trinity and St. Columba for Sunday services as well as weddings and funerals.

HT Choir Fund

The Holy Trinity Choir Fund holds income received by the Holy Trinity Choir and is primarily used to purchase music & hymn books for the choir

Holy Trinity Parish Hall Fund

37

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

The Holy Trinity Parish Hall fund is one of two funds which make up the Holy Trinity Parish Hall Trust. This fund is to pay for the day to day running costs of the hall from letting income. Should a surplus arise, a contribution is made to the Extra-Ordinary Repair Fund.

Notes to the Financial Statements For the year ended 31[st] December 2025 (continued)

24 Analysis of individual funds (continued)

- Holy Trinity Parish Hall Extra Ordinary Fund

The Holy Trinity Parish Hall Extra-Ordinary repair fund is the second of two funds which make up the Holy Trinity Parish Hall Trust. This fund holds the investments which would be used to rebuild or undertake major repair works to the hall. This fund was used in 2025 to replace/refurbish the window frames, gutters etc. The FIT income from the solar panels goes into this fund.

HT Major Projects

The Holy Trinity Tower Fund (also known as High Time) has been renamed and relates to funds left over from the repair works required on the tower and clock at Holy Trinity (High Time Refurbishment Fund).

Messy Church/Little Fishes Fund

This restricted fund is to manage the income and expenditure relating to the Messy Church and Little Fishes children’s groups.

Prices Trust Fund

The Prices Trust Fund is a restricted fund holding the grant income received from The Prices Charitable Trust for the education of under 25s within the Parish of Fareham.

Quest Operating Fund

The Quest Operating Fund holds the remaining balance of funds used for the Quest Youth group. There has been no activity in the fund for several years and is held as a restricted fund for future Youth activities.

Restoration Fund

The Restoration Fund holds restricted donations and the legacy from the late Dennis Stevens (£11,258) meant for the restoration of Holy Trinity Church. This fund is only to be used should a major capital repair project occur.

SC Choir Fund

The St. Columba Choir Fund, similar to the HT Choir Fund, holds income received by the St. Columba Choir for the purpose of mainly purchasing music & hymn books. The choir is not currently operating.

HBWB Fund

The Helen Butter Waddell-Boyd (HBWB) Trust is a permanent endowment whereby the capital is to be maintained (HBWB Capital Fund) and the income generated from investing the capital, can then be spent on the upkeep of the office and various expenses for the incumbent of Holy Trinity. This was originally a legacy in 1961 of £68,000 in the form of a Trust administered as a company. The value of £135,000 was transferred to the trusteeship of the PCC in 2005.

38

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2025 (continued)

25 Analysis of assets and liabilities represented by funds

Unrestricted
Funds
£
Fixed assets
1,000
Investment asserts
41,112
Stock
-
Debtors
1,147
Cash at Bank
16,769
Current liabilities
(8,696)
Total
51,332		 Designated
Funds
£
(1,000)
431,429
–
150
73,469
(155)
503,893		 Restricted
Funds
£
504,180
37,520
-
1,256
125,316
(11,057)
657,215		 Endowment
Funds
£
-
263,174
-
321
33,817
(4)
297,308		 Total
Funds
2025
£
504,180
773,235
-
2,874
249,371
(19,912)
1,509,748

26 Exceptional Items and significant post Balance Sheet events

39

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

This page does not form part of the statutory accounts.

40

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

HOLY TRINITY w ST COLUMBA PCC HOLY TRINITY w ST COLUMBA PCC
General Fund Summary Jan to Dec 2025
Jan-Dec Jan-Dec Jan-Dec
2025 2025 2025 variance 2024 2025 actual 2025
Actual Budget to budget Actual variance to 2024 Annual Budget
£ £ £ £ £ £
EXPENDITURE
PARISH SHARE 101,173 111,825 (10,652) 106,498 (5,325) 111,825
ClergyTravel 417 750 (333) 272 146 750
Other ClergyCosts 961 750 211 678 283 750
CLERGY COSTS 1,378 1,500 (122) 950 428 1,500
Altar Requisites 1,032 800 232 806 227 800
Light,Heat & Insurance 13,912 12,500 1,412 21,762 (7,850) 12,500
Sundry 4,040 4,000 40 6,125 (2,085) 4,000
Organists & Choirs 1,927 2,500 (573) 2,187 (260) 2,500
Repairs,cleaning& Grounds 10,970 12,000 (1,030) 6,511 4,459 12,000
CHURCH COSTS 31,882 31,800 82 37,392 (5,509) 31,800
Printng,Postage,& Statonery 672 2,500 (1,828) 2,088 (1,416) 2,500
Ofce Telephones 562 700 (138) 790 (227) 700
Ofce Payroll Costs 12,657 16,200 (3,543) 15,520 (2,863) 16,200
StewardshipCosts 0 200 (200) 348 (348) 200
Other General Exps 3,818 3,000 818 3,318 500 3,000
Bank charges,Acc. & Legal fees 500 600 (100) 1,499 (999) 600
GENERAL EXPENSES 18,210 23,200 (4,990) 23,564 (5,354) 23,200
Parish Giving 5,850 6,375 (525) 6,162 (312) 6,375
TOTAL EXPENDITURE 158,493 174,700 (16,207) 174,566 (16,072) 174,700
INCOME
Loose Plate 3,946 3,500 446 2,743 1,203 3,500
Pledge Giving 78,031 95,000 (16,969) 82,182 (4,151) 95,000
Gif Aid received 18,476 18,000 476 23,323 (4,847) 18,000
PCC Fees(weddings & funerals) 3,402 4,000 (598) 2,782 620 4,000
Donatons 5,674 1,000 4,674 19,461 (13,786) 1,000
Car Park Income 9,214 12,000 (2,787) 13,907 (4,694) 12,000
SundryIncome,Legacies & Grants 20,880 10,000 10,880 14,430 6,450 10,000
Interest & Dividends 1,830 500 1,330 480 1,350 500
TOTAL INCOME 141,454 144,000 (2,547) 159,309 (17,855) 144,000
Gains(Losses) on investment **(1,402) ** 897
Transfers 0
Surplus(Defcit) thisyear (18,441) (30,700) 13,660 (14,360) (1,782) (30,700)
General Fund Balance at 1.1.25 69,773
General Fund Balance at 31.12.25 51,332

41

Charity No.1135129

Annual Report year end 31 December 2025 for Holy Trinity with St. Columba PCC

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Charity No.1135129