EST.1910 SAINT WILFRID BOGNOR REGIS THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR FOR THE YEAR ENDED 31ST DECEMBER 2025 The Annual Report and Accounts of the Parochial Church Council of the Ecclesiastical Parish of St Wilfrid, Bognor Saint Wilfrid Church, Ellasdile Road, &ognor Regis, West Sussex P02L 2SG. Registered charity IL42723 Incumbent.. The Reverend joel Nennle Bankers.. HSBC, 45 High Street, Bognor Regls, P021 IRU Independent Examiners.. Independent Examiner5 LiTnited, The Grain Store Hllls Barns, Appledram L3ne South, Chlchester, P020 7EG
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR CONTENTS Pages 3 to 9 Trustees Annual Report Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 23 Notes to the Financial Statements Page 24 Independent Examiners Report
Saint Wilfrid o Trustees Report 2025 Our aims and purpose as a charity The PCC has the responsibility of co-operating with the incumbent: To expand the church family through outreach and making a variety of worship, both traditional and informal, available to people living in this part of West Sussex. To grow the congregations spiritually and in their practical daily worship. To enable the town to see Saint Wilfrid Church as a place of welcome and refuge, especially young families,. students away from home,. those seeking friendship, comfort and deeper meaning to their lives in a modern world. Our Vision Statement is to be a Beacon ot Faith, Hope and Love to this part of West Sussex. Playing our part in seeing lives changed, churches filled and society transformed, in Jesus, name. What we planned to do to achieve our charitable objectives Our work in 2025 focussed on seeing people in Bognor Regis come to know Jesus, growing ond diversifying our Church community ond exponding the activities and initiotives thot we undertoke, thot tronsforms society. To fulfil our charitable objectives, we planned the following for 2025.. staffing To ensure roles were filled according to identified need and with the contractual flexibility to close or extend the role as required. To continue to train a curate Expand the reach of our compassion-based ministries Continue strong leadership of the Lighthouse lunch and strengthening of the volunteer base Operate year three of the Bognor Regis CAP Debt Centre (in partnership with other local churches) To strengthen our links with local compassion-based ministries, such as the Bognor Regis Foodbank. Network and collaborate with local relevant organisations To organise events, services and courses for those not yet part of the church community and those exploring the Christian faith Provide the Alpha course at a variety of times throughout the day, week and year Ensure festive services that would accommodate those appreciating a variety of worshiping styles, and featuring speakers who were used to speaking to guests Increase the work ond reach of Wilffots
Enabling individuals and families to mark poignant and celebratory life events, including baptisms, confirmations, weddings and funerals. Developing and strengthening our working relotionships with other local churches strengthen the'core, congregations ot our Troditional ond Informol Services Increose the number of Cornnect Groups ocross the lo¢ol oreo Continue to supporL through the provision of storoge, meeting ond hospitality spoce, the following.. Fomily Support Work KingsGate Sundoy lunch Increase and strengthen links with the local schools, especially by recruiting Foundation Governors Nlaintaining and developing the fabric and equipment of th8 church building Grow and develop our volunteer teams Public Benefit In accordance with our duties as stated in section 17(5) of the Charities Ac¢ we have considered the guidance provided by the Charity Commission in regard to public benefit. Ihis public benefit is demonstrated through our activities as detailed below. What we achieved and how we affected beneficiaries. lives Membership The church electoral roll was 92 at 31Èt December 2025. Activities, Services, Groups and Events The activities of the church centred around three primary themes.. Evangelisation and introduction to the Christian Faith 2. The Revitalisation of our Church community- Growing in understanding of identity, in diversity, depth of spirituality, community cohesion and number, across church services and related ministries, such as men's ministry and Connect Groups 3. Extend our reach out to the locol community with acts of compassion and love. Below is merely a snapshot of life at Saint Wilfrid Church during 2025 and none of that mentioned below or that which has not been mentioned has been possible without the invaluable contribution and commitment of our members. Many of them have committed to regularly praying, giving financially. serving and attending regularly. Evangelism The Alpha Course has been our primary vehicle for evangelisation and communication of the Christian Faith to those not yet at the church. The course was run three times in 2025, on Tuesday evenings, for ten weeks at a time. Under the leadership of our Curate, we also ran Alpha in Ford Prison. Generally, every event and group that we run includes content which is distinctively Christian. In WilfTots, this tokes the form of biblical songs and stories. At Lighthouse, this includes a clear thought for the day based on the bible, with the occasional Christion song. There is always the opportunity lor prayer.
Services Our midweek service has held strong with a consistent average attendance of18 people. The provision of refreshments following this service increases the sense of community. Our 9.30om service which is troditionol ond liturgicol in form ottrocts on overoge ottendonce of 40 people weekly, with numbers rising ot vorious times and seasons. Notobly, this congregotion has diversified, including in relotion to ethnicity, oge ond neurodiversity. Our11.QOom service (The Gathering) continued to grow in 2025, both numerically ond reloting to the commitment levels of the congregonts. Towards the end of the year, overoge weekly numbers in ottendonce were 150 people (including children). This number has increosed by opproximotely 50% since 2023. Services ot Christmas were especiolly busy, with high numbers in attendance at OUT Corol Services. Our Sunday children's groups have grown, with the highest numbers being seen in the 3-7 age bracket. A monthly meal for families who attend our church has helped to d8velop the sense of community. Community Cohesion Our Connect Groups lie at the heart of community membership and cohesion. In 2025 we welcomed new overseers who are now working with Group Leaders to ensure thgy are the first point of contact for pastoral and prayer support, and a space for discipleship. Our respective Ministries to Men and to Women have continued, with a programme of activities throughout the year. These ministries have been hugely beneficial in providing a platform for social, pastoral and spiritual discipleship, os well as increasing social cohesion. Compassion and local engagement In 2025, our existing Church Hall underwent a significant redevelopment project and now operates as The Hope Centre. In addition to and as part of this redevelopment, we welcomed the Bognor Regis Foodbank to be tenants, and with them we have created a platform for social engagement and a continuity of care, unmatched in Bognor Regis. The Hope Centre is fast becoming known, by guests and other local agencies, as the de-facto place to go to receive care and find Hope. Lighthouse Lunch remains anchored in our church calgndaT and continues to provide an invaluable opportunity to engage with and help those locally who are experiencing deprivation of various forms (primarily.. food, financial and social deprivation). Each week there is a presentation from the bible along with an invitation for prayer. There are approximately 60 people in attendance. The CAP Debt Cer)tre continues to bring help to those facing financial hardship because of debt. Overseen by Saint Wilfrid Church, the Centre relies heavily on the financial
contributions of local churches, as well as volunteer support. The Debt Centre works closely with Arun Community Church, who provide HR support for our management team. Wiiftots is one of the largest groups for toddlers and their parentslcarers in this part of West Sussex. It is established, as a place to play and sing, and acts as an essential point ot community for those at a similar life stage. Through this ministry, many have now been sign-posted to other local agencies who have provided essential support. There are now between 50-60 people (childrenlparentslcarers) in attendance. The impact of this group is now being felt ot our Sunday Services and children's groups. Key Personnel Many people ore involved in the operation of the octivities of the church. Whilst, in occordonce with the FRS 102 and the Chorities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts, il it were, the figure would be a substantial one. Our staff during 2025 consisted of.. Worship and Ministry Support, Operations Manager, Vicar's Assistant, Financial Assistant. Our Clergy Team consisted of.. Vicar, Curate and Associate Priest. Fabric Maintenance The quinquennial report published in September 2025 stated,"The church remains in good order structurally and is in generally good condition inside and out." Maintenance of the building is ongoing, with work carried out both in line with our scheduled programme and in response to emerging needs. Recurring themes include addressing wear and tear caused by our coastal environment and the replacement of aging infrastructure. In the past year a major upgrade to the heating and lighting system in the church sanctuary was plonned ond completed. The new system is significantly more energy-efficient and environmentally friendly, replacing the previous one which had reached the end of its functional life. Our sports Holl hos been completely tronsformed into two floors housing the Bognor Regis Foodbank on the ground floor and a reception lounge. On the first floor ar8 offices, workstations, a lounge area and kitchenette. Financial R•Vi•W Summary The Accounts for 2025 (and the comparative figures for 2024) shown on the following pages have been prepared on the'accruals, basis in line with the Guidance and Regulations issued by the Central Board of Finance of the Church of England dated August 2001. Investment performance was considered adequate in view of the performance of stock Market investments during the past year. Total church income of £313,690 was up 21.7°K, £55,869 over 2024, £257,821. Total expenditure of £228,709 was down 3.6%, £8,639 over 2024, £237,348. The resultant
incomelexpenditure surplus for 2025 was £84,981 compared with a surplus of £20,473 in 2024. There wos on unreolised net goin on investments in 2025 of £477 compored with o goin of £7,136 in 2024. The overall surplus allowing for unreolised goins in investments for 2025 was £85,458, compored with o surplus of £27,609 in 2024. lrnvestments to the value of £95,000 were sold in 2025 to port-fund the final stoges of the new heoting system in the Church sonctuory, which was completed in April 2025. Unrestricted planned giving, church offerings and Gift Aid receipts totalled £143,232 compared with £126,202 in 2024, an increase of 13%, £17,030. The PCC was grateful to receive in 2025 an interim legacy totalling £27,800, compared with £nil in 2024. The PCC would also like to 8xpress their sincere thanks to the following grant makers who have generously gifted o totol of £57,900 in 2025 for the development of the Hope Centre and the installation of the Church heating system- Benefact Trust £29,000 (Hope Centre) Bassil Shippom & Alsford Trust £10,000 (Hope Centre) The Beatrice Laing Trust £5.000 (Hope Centre) Benefact Trust £4,900 (heating system) Diocese of Chichester £9,000 (heating system) At 31 December 2025, Cash reserves stood at £65,244 (£64,345 at 31 December 2024), General unrestricted funds (including investments) amounted to £388,245 (£288,761 in 2024) and restricted funds £22,733 (£36,759 in 2024). Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Sharing the ministry costs of the Diocese of Chichester A large expenditure of the PCC wos the sum of £61,574 paid to the diocese for our share of all churches, Porish Ministry Costs. This was a 76°A contribution to the Parish Ministry Costs allocated to it. The Parish Ministry Costs relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training ol new ordinands, a contribution to national church funds and shared costs of the Christian family throughout the whole diocese, including assistance towords the ministry ond vpkeep of churches less oble to monage thon ourselves. In 2026, the church has pledged to maintain its current Parish Contribution figure.
Reserves Policy Maintenance ond repair of the Church building has historically been expensive and at times unpredictable, therefore holding sufficient reserves to cover such eventualities is a sensible precaution. Accordingly, it is PCC policy to maintain a balance on unrestricted funds which equotes to at least 3 months unrestricted payments. This will be reviewed on on annual basis. In oddition, to cover known short-term obligations, it is PCC policy to maintain o balance on free (cosh) reserves which equates to ot least 2 months. worth of normol operoting expenditure. Structure. Governance and Management of the Charity pcc structure and Members The Parochial Church Council (pcc) is registered with the Charity Commission as required by the Charities Act 2011. The Parochial Church Council of the Ecclesiastical Parish of St Wilfrid, Bognor was registered with the Charity Commission in England and Wales on 5 July 2011- registered number1142723. All charities are required to have governing documents and in the case of churches within the Church of England these documents have been agreed as being the Parochial Church Councils (Powers) Measure 1956 as omended, which defines the principol function or purpose of the PCC os promoting in the Ecclesiastical parish the whole mission of the Church and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure1969, as amended) which determine how the PCC operates. During the year the following served as members of the Parochial Church Council.. Ex Officio members Incumbent- Revd Joel Mennie (Chairperson) Curate- Dave Green Wardens: Mr David Holden Mrs Jayne Tudor-Price Elected Members: Mrs Louise Smith (ended May 2025) Mr Jack Evitts Miss Glenda Richards (ended May 2025) Mr Roger Hollingshead (ended May 2025) Mr Jim Bartlett Mr John Bond Mr Steve Walden Mrs Sue Manning- Sofeguarding Off icer Mr Steve Tudor-Pri¢e Treasurer Mrs Loro Mills - Sofeguording Off icer Co-opted: None
Deanery Synod: Jill Anderson Bryce Anderson Mrs Val Bond - Secretary statement of responsibilities of the members of the PCC The Parochial Church Council (pcc) members are responsible for preparing the PCC'S Annual Report and financiol statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generolly Accepted Accounting Practice). The law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year that give a true and fair view of the situation of the charity and of its incoming resources and application ol resources, including income and expenditure, for that period. In preparing these linancial statements, the PCC members are required to.. Select suitable accounting policies and apply them consistently; Observe the methods ond principles in the Chorities SORP (FRS102),' Moke judgments ond occounting estimotes thot ore reosonoble ond prudent- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements,. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The PCC members are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and to disclose with reasonable occuracy, at any time, the finonciol position of the chority. This enobles them to ensure that the financial stotements comply with the Chorities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the charity's governing document. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps to prevent and detect fraud and other irr8gulariti8s. Approved by the PCC and signed or) its behalf by.. The Reverend Joel Mennie (Chair of the pcc) Date: 1st May 2026
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025 UnStrICted Designated Endowment Restricted Funds Funds Funds Funds TOTAL 2025 TOTAL 2024 Note5 Income and endowments from: Donations and Legacies 171,032 94,993 266.025 226,336 Charitable Activities 2b 14,778 30,000 44.778 19,246 Investment Income 2c 2,887 2,887 7,277 other Income 2d 4,962 TOTAL Expenditure on: Charitsble Activitles 3a 182,900 44,778 227,678 236,419 Ralsing Funds 3tJ 20 I,oii 1,031 929 TOTAL 182.920 45.789 228,709 237,348 NET INCOMEI(EXPENDITURE) BEFORE INVESTMENTS GAINSI(LOSSES) .777 79.204 84.981 20.473 Galns/llossesl on investments 5b 477 477 7,136 NET INCOMEI(EXPENDITURE) 6.254 79.204 85.458 27.609 Transfer Between Funds io 93,230 193,2301 Net movement in funds 99.484 (14,026) 85.458 27.609 Reconciliation of funds: Total Funds Brought Forward 288,761 36,759 325,520 297,911 Total Funds Carrled Forward 388 245 410 978 325 520 Movements on all reserve5 all recognised gains and 1055es are shown above. All of the organisatlon's operation5 are classed as continuing. The notes on pages 12 to 23 form part of these financial statement5. io
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR BALANCE SHEET AS AT 31ST DECEMBER 2025 Note5 Unrestricted Designated Endowment Restricted 31-Dec-25 31-Dec-24 Funds Funds Funds Funds Total Total Fixed Assets Tangible assets Investment assets 51al 51bl 337,493 61,006 337,493 61.006 98,525 155,529 Current Assets Debtors Cash at bank Total Current Assets 2,040 42,599 44.639 88 22,645 22.733 2.128 12,869 67,372 77,214 Creditors: amounts falling due within one year 21,636 21,636 5,748 NET CURRENT ASSETS 23,003 22,733 45,736 71,466 TOTAL ASSETS less current liabilities 421,502 22,733 444,235 325,520 Credltor$: amounts falling due In over one year 8131 33,257 33.257 NET ASSETS 388,245 22,733 410,978 325,520 Funds of the Charlty General Unrestricted Funds Designated Funds Restricted Funds Endowment Fund 388,245 388,245 288,761 io li 22,733 22,733 36,759 Total Funds 388.245 22.733 410,978 325,520 Signed on behalf of the Trustees and PCC Members bv.. Reverend Joel Mennle S J Tudor PrSce Date... 5th May... .2026
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 I. ACCOUNTING POLICIES Basis of preparation: The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charitie5 preparing their accounts in accordance with FRS 102 (effective I january 20191- (Charities SORP IFRS 10211 and the Charltles Act 2011, with the exceptlon of the valuation of freehold land and buildlngs, whlch are stated at falr value as at 1st January 2015 and investment a55ets, which are shown at market value. The financial Statements include all transactions, assets and liabilitie5 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. The charity meets the definition of a public benefit entity. There are no material uncertainties about the charity's ability to continue in operation. No changes to accounting estimates have occurred in the reporting period No material prior year errors have been identified in the reporting period. Funds Restricted Funds represent lal income which may be extended only on those Stricted objects provided in the terms of the trust or the bequest, and Ibl donations or grants recelved for a speclflc object or invlted by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balan remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually Invest separately for each fund. [£%La general funds whlch can be used for PCC ordinary purposes. Desi nated Funds are earmarked by the PCC for particular purposes but are nevertheless still unrestrirted as the PCC can redesignate the funds if it wlshes. exists for the making of a contribution towards clergy stipends. The PCC ceIVe5 no income. Income recognltlon Income 15 included in the Statement of Financial Activities (SOFA) when.. the charity becomes entitled to the income. It is more likely than not that the trustees will receive the resources- and the monetsry value can be measured with sufficient rellabllity. Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Legacies are accounted for when the PCC is legally entitled to the amounts due and the amounts can be estimated with sufficient accuracy. Grants are recognised on receipt, any unspent income received for a specific purpose is shown within the relevant Fund on the balance sheet. whe income is received in advan of entitlement of receipt, its recognition 15 deferred and included in creditors as deferred Income. Dividends and bank Interest are accounted for when receivable. All other income Is recognised when it is receivable. All incoming resources a accounted for gmss. 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 Government grants The charity has not received government grants during the reporting period. Donated Ser¥l¢es and Facllltles Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Volunteer Help The value of any voluntary help received is not included in the account5 but Is described in the Trustees Annual Report. Volunteers are used in all aspects of the activities of the church, including serving, readings, prayers, offertory and collections, preparing and serving food and drlnk at church events, helping with providlng hospltslity to guests, a55iSting in the office providing other supporting mle5, including bookkeeping, accounting and reporting. Investment galns and losses All gain5 and 1055es are recogni5ed in the Statement of Financial Activities a5 they arise. Realised gain5 and 105ses on Investments are calculated as the differen between sales proceeds and their opening carrying value or their purchase value If acquired subsequent to the first day of the financlal year. Unrealised galns and losses are calculated a5 the difference between the fair value at the year end and their carrying value. Reali5ed and unrealised investment gains and losses are combined in the Statement of Financial Activities. Expenditure recognition abilities are cOgnised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure. it 15 probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governan costs are allocated or apportioned to the applicable expenditure headings Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan quota or parish share is accounted for when due. Although there Is no legal obligation to pay outstanding Common Fund, it is the pollcy of the PCC to provide for unpald amounts In these accounts. There were no such provision5 at 31st December 2025 or 2024. All other expenditure is generally recognised when it 15 Incurred and is accounted for gross. Costs of church activities include grants made. governance cost5 and sUPPOrt costs. Pensions During 2025, up to the employees of the PCC were enrolled in a defined contribution workplace pension scheme. Employer's pension contributions were £565 in 2025 (2024.. £1,009). Tax Status As a charity, the PCC is exempt from paylng Income and corporation tax. Debtors Trade and other debtors are COgnised at the settlement amount after any trade discount Offed. Prepayment5 are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and In hand Includes cash and short-term highly liquid investments with a short maturity or the months or less from the date of acqulsition or opening of the deposit or similar account. Llabllltle$ and provlslon$ Liabilities are Cognised where it is more likely than not that the is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 Flxed assets All tangible fixed a55et5 Costing £500 or more are capitalised and recogni5ed when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs Incurred to bring a tangible fixed a55et into it5 intended working conditlon Should be included in the measurement of cost. At each reporting date the charity assesses whether there is any indication of impaim)ent. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value le55 COSt5 to sell and its value in use. An impairment loss Is recognised where the carrying amount exceeds the recoverable amount. Depreciation is ca1cu1ated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows.. Hall fumiture and fittings Church furniture, flttings and equlpment Computer equipment Mezzanine Floor LOWD per annum 10.20010 per annum 20010 per annum 50fo per annum Envestment assets Investments are initially COgnised at their transaction value and subseouently measured at fair value at the balan sheet date using market prices. The Statement of Financial Activities includes net gains and losses arising on revaluations and disposals throughout the year. 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 markets due to economic conditions, the attitude of investors to investment risk, and changes in sentiment. 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID. BOGNOR NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025 2. INCOME FROM: Unrestrlrted Deslgnated Restrlrted Fund5 Funds Fund5 TOTAL 2025 TOTAL 2024 Note5 a) Donatlons and Lega¢le$ Congregational giving Planned givlng Gift aid tax recoverable Donations and Appeals Legacies Grants 1,494 93,429 24,175 24,134 27,800 1,494 95,369 29,803 53,659 27,800 57.900 421 78,415 21,775 89,553 1,940 5.628 29,525 57,900 36,172 b) Charitable Activities Church Fees Church Hall Income Church Products and Course5 Events and Activities Rent and Other Income from Foodbank Other Income Mens Ministry Womens Ministry 3,438 1,794 3,438 1,794 2,604 8,971 220 2,840 2,127 8,806 57 258 425 30,000 38,806 57 258 425 2,194 290 14,778 30.000 44,778 19,246 c) Investments Dividends and Bank Interest 2,887 2,887 7,277 d) Other Incomè Insurance Claims 4,962 4.962 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 3. EXPENDITURE ON: Unrestricted Designated Restricted Funds Funds Funds TOTAL TOTAL Notes 2025 2024 a) Charltable Artlvltles Direct costs Card fees Church hall running costs Church maintenance Church running expenses Depreciatlon of Flxed Assets Governance c05t5 Hire Purchase costs Incumbents working expenses offi costs other ministry costs Parish contribution to Diocese Presents and gratuities Printing costs Projects and quinquennial costs Salaries Upkeep of church grounds Upkeep of Services Vicarage running costs Visiting clergy costs 1.780 11,200 9,210 17,063 27,156 2.723 2,341 35 7.697 11,310 61,574 125 200 1,680 15,922 1,800 3.924 5,788 1,372 1.786 11,200 9,210 17,063 27,156 2.723 2,341 35 7.784 28,124 61,574 L25 200 1.680 43,793 1,800 3.924 5,788 1,372 2,237 13,924 24,679 15,802 9,648 2,352 51al 898 6,286 21,522 61,574 268 179 540 61,691 1,800 7,465 4,722 832 87 16,814 1313) 27,871 TOTAL 182.900 44.778 227,678 236,419 b) Ralslng Funds Advertising 20 I,oii 1,031 929 20 929 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 4. DETAILS OF CERTAIN TYPES OF EXPENDITURE 2025 2024 Independent examiner'5 fees Assurance services other than audit or independent examinatlon Tax advisory fees other fees Ipayroll and accountancy services) 1.320 1,260 796 516 5 (a). TANGIBLE FIXED ASSETS Restricted Restricted fund fund Restricted Unrestricted Unrestricted Unrestrirted fund fund fund fund Total Church Furniture, Furniture, Computer Fittings & Fittings & Equipment Equipment Equipment Church Furniture, Fittings & Equlpment Furniture, Computer Fittings & Equipment Equipment C05t l-Jan-25 Addltions Transfers Transfers Cost at 31-Dec-25 7,675 54,425 97,022 117,381 197,0221 1117,3811 17,6751 154,4251 118,8461 18,846 1.594 80,559 163,099 266,124 51,721 97,022 7,675 L56,4L8 117,381 54,425 252,365 18,846 20,440 429,223 Depreciatlon l-Jan-25 Charye Transfer5 Depreciation 3L-Dec-25 4,898 315 5,2131 40,766 7,262 48,0281 17,166 1,355 18.521 1,594 150 15,022 48,028 63,200 64,574 27,156 3,202 5,213 8,415 18,521 20,115 91,730 Net book value 31-Dec-25 Net book value 31-Dec-24 148.003 325 189.165 337,493 80,409 98,525 2,777 13,659 1,680 The a55et cost transfer5 of £97,022 and £117,381 shown above reflect5 the fact that the term5 of the restriction were fulfilled upon purchase of the assets in 2025, allowing them to be used for any unrestricted charitable purpose The a55et Cost transfers of £7,675, £54,425 and £18,846 land the a550Clated accumulated depreciation) shown above reflects the fact that the terms of the restriction were fulfilled upon purchase of assets in financial years 2021, 2022, 2023 and 2024 allowlng them to be used for any unrestricted charitable purpose. The annual commitments under non-can111ng operating leases and capital commitments for the next financial year are as follows: Photocopier leasing costs £421 per Quarter from February 2023. Mezzanine Floor hire purchase costs £2,926 per quarter from August 2025. 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 5 (b). INVESTMENT ASSETS Unrestricted Unrestrlcted Unrestrlrted Unrestrlcted Unrestrlrted Igenerall (general) Igenerall (general) Igenerall fund fund fund fund fund CBF Fixed Interest CBF Fixed Interest CBF Fixed Interest CBF Global Eouify CBF Property Fund Church Hall Fund Ministry Account pcc Funds pcc Funds pcc Funds Cost l-Jan-25 Revaluation Additions Disposals Transfers Out Cost at 31-Dec-25 13,309 135 14,665 359 22,812 204 27,598 13511 iio,0001 121,000) (16,000) Unrestricted Unrestricted Igener311 (general) fund fund TOTALS 31-Dec-25 CBF CBF Investment Investment Fund Fund pcc Funds General Purposes Cost l-Jan-25 Revaluation Additions Dlsposals Transfer5 In Cost at 31-Dec-25 55,633 243 21,512 11131 155,529 477 138,0001 iio,0001 195,0001 61.006 Listed investments All listed investments are carried at thelr fair value and present holdings in common investment funds. The basis of fair value is equivalent to market value. Asset 5ale5 and purchase5 recogni5ed at the date of trade at the transaction value. The main risk to the PCC from listed Investments lies in the combination of uncertain investment markets and volatillty in yield. Llquldity risk is deemed to be low as all assets are traded in markets wlth good liquidlty and high trading volume5. The PCC has no investment holding5 in markets subject to exchange contro15 or trading restrirtions. The PCC manages its Investment risks by retaining expert advisors and operating an investment policy that provides for a hlgh degree of diversiflcatlon of holdings wlthln investment asset classes that are quoted on recogni5ed stock exchange5. The PCC does not make use of derivatives and similar complex financial instruments. 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 6. DEBTORS AND PREPAYMENTS Unrestrlcted Deslgnated Endowment Restricted Fund Fund Fund Fund Total Total 31-Dec-25 31-Dec-24 Accounts Receivable Accrued Income Gift Aid Tax Recoverable 1,269 5,669 5,931 2,040 88 2,128 2.040 88 2,128 12.869 7. CASH AT BANK AND IN HAND Unrestricted Oesignated Endowment Restritted Fund Fund Fund Fund Total Total 31-Dec-25 31-Dec-24 Cash at Bank 42,599 22,645 65,244 64,345 42.599 22.645 65,244 64,345 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestricted Designated Endowment Restricted Fund Fund Fund Fund Total Total 31-De¢-25 31-Dec-24 Accounts Payable Accruals and Deferred Income Hire Purchase Lease Payments Independent Examine Fees Employer Penslon Contributlons 2,416 11,145 6,708 1,320 47 2,4L6 11,145 6.708 1,320 47 1,300 2,949 1,260 239 21.636 21,636 5,748 8. (a) CREDITORS: AMOUNTS FALLING DUE IN OVER ONE YEAR Unrestricted Designated Endowment Restritted Fund Fund Fund Fund Total Total 31-De¢-25 31-Dec-24 Hire Purchase Lease Payments 33,257 33,257 33.257 33,257 The Hire Purchase Lease Payment5 relate to the Mezzanine and are payable over a 5 year time period. 9. DESEGNATED FUNDS The PCC did not hold any designated funds during this or the previous financial year. 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 10. RESTRICTED FUNDS CURRENT YEAR 8alance 01-Jan-25 Transfer In Balance Expenditure Transfer Out 31-Dec-25 Income Apostolic Partnership Love Your Neighbour CAP Church Heating Fund Hope Centre Projert 18,898 3,533 14,328 33,056 3,867 133,8381 118,1161 17.4001 8,558 15,015 101,420 111,8571 11,029 102,366 1117,3811 189,6221 1941 11,704 139 289 124 993 232 519 PREVIOUS YEAR Balance 01-Jan-24 Transfer In Balance Expenditure Transfer Out 31-Dec-24 Income At>ostolic Partnership Love Your Neighbour CAP Church Heating Fund Bognor Regis Foodbank 28,430 3,744 13,456 39,011 148,5431 12111 119,7061 18,898 3,533 14,328 20,578 43,385 2,127 143,3851 12,1271 45.630 59,589 (68,460 36.759 The restricted fund5 repre5ent5 donations made for specific purposes monitored by the PCC to ensure that only relevant expenditure Is charged against the fund. The Apostolic Partnershlp Fund.. was set up in 2020 to capture the transactions relatlng to a 3-way partnership between the St Wilfrid PCC, the local Diocese and Holy Trinity Brompton IHTBI with the aim of transforming the local church and the wider community- Funds have been provided by each partner to help this happen. The PCC haslwill provlde £50k, HTB Ivla St Peter's church in Brighton) has glven £50k and the Dlocese haslwill glve £150k. Funds will be provided over a 3 year period from 2020 onwards. Most of the funds are used to cover staff salary costs. The HTB funds were used In 2021 mainly to purchase a sound system for the church. The Net Book Value of those assets as at l January 2025 was £18,116. As the restrictlon placed by the donor was fulfilled upon purchase, they have been transferred to the general fund to be used for any charitable purpose. The Love Your Neighbour Fund.. The Love Your Neighbour Project was also set up In 2020 as a response to the Covid pandemic. It was funded by church members plus two HTB grants laka the Church Revitalisation Trust). It provides on-going financial 5UPPOrt to people in need in the local community (for example through food supplie51. The transfer of £7,400 12024.. £0) represents the fart that of the fixed assets purchased, a portion of these assets were pald for vla restricted funds. The terms of the restrlction were fulfilled upon the purchase of the assets, enabllng them to be transferred to the general fund to be used for unrestricted charitable purpose5. The CAP Fund.. Thls relates to a Chrlstians Agalnst Poverty (Capl Debt Centre which was set up towards the end of 2022. It operate5 from the existing Church building with one new staff member recruited to head thi5 up. Key funding has been received from 5 other local Churches as well as from the Saint Wilfrid congregation. The Church Heating Fund: is a fund to cover the costs of replacing the existing wam) air heating system in the church auditorium. It involves replacing the old gas boiler with eco-friendly Infra Red heaters and upgrading the power supply to 3ccommocJate the new heaters. The transfer of £117,381 12024.. £43,385) represents the fact that of the fixed assets purchased, a portion of these assets were paid for via restricted funds. The terms of the restriction were fulfilled upon the purchase of the assets, enabling them to be transferred to the general fund to be used for unrestricted charitable purposes. The Bognor Regis Foodbank Fund: covers donations that the Church has received from members of the public or congregation on behalf of the Foodbank which are then passed onto the Foodbank. 20
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 10. RESTRICTED FUNDS (¢ontlnued) The Hope Centre Project.. is a fund to develop the existing sports hall Into a two-story building that better meets our needs as a Church and our desire to reach out to the local community. The downstairs is now home to the Bognor Regis Foodbank and is used as a reception area and lounge. The upstairs has been converted into offices. a large open. plan area and a kitchenette. The transfer of £89,622 12024.. £0) represents the fact that of the fixed assets purchased, a portion of these assets were paid for via $triCted Funds. The terms of the restriction We Fulfilled upon the purchase of the assets, enabling them to be transferred to the general fund to be used for unrestricted charitable purposes. The restricted fund5 are wholly represented by cash reserve5, current liabilities and marketable securities of the charity as detailed below.. 31-Dec-25 31-Dec-24 Tangible Fixed Asset5 Cash al bank and In hand Current assets 18,116 18,198 445 22,645 88 11. ENDOWMENT FUNDS The PCC did not hold any endowment funds in 2025. 12. RECONCILIATION OF FUNDS HELD AND MOVEMENT OF FUNDS CURRENT PERIOD Balance 01-Jan-25 Balance 31-Dec-25 Income Gain/Loss Expenditure Transfers General Funds Designated Funds Endowment Funds Restricted Funds 288,761 188,697 477 1182,9201 93,230 388,245 36,759 124.993 145,7891 193.2301 22,733 325 520 313 690 477 228 709 410 978 PREVIOUS PERIOD Balance 01-Jan-24 Balance 31-Dec-24 Income GainlL055 Expenditure Transfers General Funds Designated Funds Endowment Funds Restrlcted Funds 252,281 152,720 7,136 1166,7611 43,385 288,761 45,630 105,101 170,5871 143,3851 36,759 297.911 257.822 7.136 237.348 325,520 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 13. STAFF COSTS. PAYMENTS TO TRUSTEES AND KEY MANAGEMENT PERSONNEL (a) Employees paid via Payroll: 31-Dec-25 31-Dec-24 Gross Wages and Salaries Employers Nl (net of annual allowance) Employers Pension Contributions 43,228 60,682 565 1,009 43,793 61,691 Staff who were engaged in each of the following artivitie5 (average number5)'. 31-Dec-25 31-Dec-24 TOTAL TOTAL 4.25 5.75 Activities In furtherance of organisation's objects ETrployed staff are paid via through a payroll scheme operated by the PCC. No employees received emoluments in excess of £60,000 12024.. None). (c) Key Management Personnel The charity's key management personnel is considered to be the Trustees. No muneration was paid to Trustees. Therefore the total amount paid to key management personnel (including employer5 national insurance and employer5 pension contributions) was £0. (d) Transartions with PCC members and Trustees The only other payments made to PCC members or any persons connected wlth them were 1mbUr$ements for purchases of equipment, furnishings, refre5hment5 and materia15 made on behalf of the Church. No material transaction took place between the charity and a PCC Member or any person connected with them 12024.. None). The aggregate total amount of donations received from Trustees is as follows.. 2025 2024 Total donations before Gift Aid Gift Aid on above donations Total donations + Gift Aid 35,557 8,563 44,120 28,391 6,827 35,218 There We no conditions attached to these donations. (e) Transactions with Related Parties There were no tranCtionS wlth related parties that QuIre disclosure. 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID, BOGNOR NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2025 14. MATERIAL LEGACIES A legacy of £27,800 was received In 2025. No legacies are expected in 2026. 15. RESERVES POLICY AND RISK ASSESSMENT Reserve5 are unrestricted funds which the PCC has set aside for the future. The purpose of holding reserve5 15 $0 that St Wilfrid's is able to continue to meet its financial obligations in a situation where unforeseen shortfalls arise, until alternative plans can be put In place. The PCC has identified the key risks and assessed the amounts prudent to set against those risks. The Reserves pollcy is set out in the Trustees Annual Report. Ifj. PUBLIC BENEFIT The PCC acknowledges its requirement to demonstrate clearly that it must have charitable purposes or'aims. that are for the publlc benefit. Detalls of how this has been achieved thls a provlded In the Trustees Annual Report. The PCC Members confirm that they have paid due regard to the Charity Commission guidarn on public benefit before deciding what activities the charity should undertake. 17. EVENTS AFTER THE END OF THE REPORTING PERIOD The are no events that require disclosu. 23
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report on the accounts of the Parochial Church Council of The Ecclesiastical Parish of St Wilfrid, Bognor for the year ended 31st December 2025, which are set out on pages 10 to 23. Respective responsibilities of the PCC and the examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for thi5 year under section 144 of the Charities Art 2011 (the Charities Act) and that an independent examination Is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Art to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 14515llbl of the Charities Act and to state whether particular matters have come to my attention Basis of independent examiner's statement My examlnation was carrled out in accordance wlth the General Dlrectlons 9Sven by the Charlty Commisslon and to be found in the Church Guidance, 2006 edition. issued from the Finance Division of the Archbi5hops' Council. That examination Includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also Includes considering any unusual Items or dlsclosures in the accounts and seeking explanatlons from you as 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 Since the gross Income for the year exceeds the amount provided in Section 145131 or the Charitles Act, I conflrm that L am qualified to act as Independent Examiner under the provision5 of that section of the Art and that my qualification is as shown below. In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that In any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charitie5 Act,. and to prepare account5 which accord with the accounting records and comply with the accountlng requlrements of the Charitles Act have not been met. or 121 to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. G.W. Schulz G.W.Schulz FCMA Date.. 6 May 2026 Relevant professional qualification or body= Chartered Institute of Management Accountants Address.. Independent Examiners Limited. The Grain Store. Hills Barns. Appledram Lane South, Chichester. P020 7EG 24