2024-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR END 31[ST] DECEMBER 2024

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Company number - 07717141 Registered charity number 1145162

www.csrnet.org.uk

Contents

TRUSTEES REPORT ............................................................................................................................... 1-8 INDEPENDENT EXAMINERS REPORT ...................................................................................................... 9 STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................... 10 BALANCE SHEET .................................................................................................................................... 11 NOTES TO THE FINANCIAL STATEMENTS ........................................................................................ 12-23

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT)

The Trustees, who are also Directors for the purposes of company law, present their annual report, together with the unaudited financial statements, for the year ended 31 December 2024. The directors/trustees are one and the same and in signing as trustees they are also signing the report in their capacity as directors. This combined report satisfies the legal requirements for:

• a Trustees Annual Report under the Charities Act 2011

OBJECTIVES AND ACTIVITIES

Portsmouth Diocesan Council for Social Responsibility (PDCSR) is a registered charity and incorporated at Companies House. Its charitable objects, part of the Memorandum and Articles of Association, include:

• the advancement of charitable purposes for the public benefit;

• education and training for people to undertake voluntary work for community benefit;

• the promotion of research into the moral and social welfare needs of the community;

• community capacity building for the relief of need including the provision of counselling; and

• the provision of information, advice, instruction and other services in any Diocese of the Church of England.

STRATEGIC AIMS

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2023, and its Vision, Values, Mission and Model were refreshed.

first the kingdom, which in practical terms means pursuing a vision for the development, renewal, and flourishing of people and communities. In partnership with local Anglican communities and key aligned allies, and through generous acts of transformative investment and action, we seek to promote sustainable social transformation and social resilience, rooted in the gospel values of love, compassion, and justice. As we seek to live out the gospel, so we work alongside and with whole communities, joining in with what we discern God to be already doing, and developing new relationships and where appropriate linked to local Anglican communities.

In line with our gospel values, our approach is always unconditional, non-judgmental and inclusive. CSR will encourage change, challenge the status quo, and aim to do so with fun, creativity, passion, energy and commitment. Our work is based on authenticity, evidence, and asset-based approaches, with a strong commitment to social justice underpinning everything we do, and with the tools of social action, social engagement and social enterprise.

The directors are confident (having had regard to Charity Commission guidance) that the Charity delivers public benefit through carrying out its aims and business strategies.

PD

CSR offers targeted encouragement, training, coaching, infrastructure support, investment, and other resources to aid active local Anglican, and wider communities, to achieve this vision by:

• Providing a platform for social action programmes in targeted communities with a priority on those in areas of disadvantage.

• Through churches and beyond, working with people to coproduce solutions which transform their communities in ways that matter to them.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

• Making our work as sustainable as possible through social enterprise approaches and innovation which engages and empowers local people.

ACTIVITIES AND ACHIEVEMENTS IN THE YEAR

As many voluntary sector organisations have found, 2024 has been a year of even greater challenges with further cuts to funding as local authorities and health commissioners struggle with below inflation settlements. The CSR board agreed in 2023 to continue to fund Good Neighbours Network (GNN) for a further period while new approaches and funders were identified and to begin to identify new emerging areas of work that had the potential to be socially beneficial but also become financially sustainable in the long run. CSR’s resources allow space to do this for a period.

PDCSR Governance

The PDCSR board is independent from the Diocese of Portsmouth (PDBF) and appoints its own trustees. The board met five times during the year. Two new trustees joined the board and one left having served his 3 year term.

Work was undertaken to develop the CSR brand resulting in a new logo and strap line which aptly describes our work

SOCIAL ACTION

Good Neighbours Network (GNN)

www.goodneighbours.org.uk

The Good Neighbours Network received its final grant from the NHS Commissioners (The Integrated Care Board, ICB) in the first quarter of 2024. It was then dependent entirely on

CSR funds which included an element of restricted funds from prior year surpluses. After a period of discussion and negotiation we were successful at getting funding for a Positive Energy Project, working with Southern Gas Networks (SGN) through the CAB’s Home and Well Project. This enabled us to employ two part-time new Energy Advisers to the staff and also contributed to GNN’s core costs. This is annually reviewed but could be for a two-year period.

There were 3,964 volunteers last year which is a 3.4% improvement on 2023. The 2024 annual statistics survey shows that the groups offered over 158,000 acts of kindness in their local communities which is also an increase in the previous year.

Work to develop GNN more widely beyond Portsmouth has been on hold in 2024 while branding and fundraising strategies were dealt with but will be picked up again in 2025.

local stakeholders, we successfully recruited a Programme Manager for this work, Lydia Galloway, who has extensive relevant experience and enthusiasm. She has developed strong working relationships across the board but particularly with Charter Academy where she will be running art well-being workshops in their Jonathan Centre as well as a series of podcasts, working with BeeWell and Sparks Community Space. A small reference group assists with the oversight of the work as it develops.

Partly in preparation for this work, CSR developed and agreed a new Safeguarding Policy working with the national charity Thirtyone:Eight.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

All Saints Counselling service (ASC)

www.allsaintscounselling.org.uk

ASC is a volunteer-led counselling service, based in inner city Portsmouth, with the aim of offering low cost/affordable counselling, both short and long term, for people living in and around the Portsmouth Diocesan area. All counsellors are qualified at least to Level 4 diploma or equivalent and receive ongoing training and regular clinical supervision. The service also

offers supervised placements to trainee counsellors. The counselling context is a mixed approach of both faceto-face and phone/zoom based and this is likely to continue.

The counselling service is a vital resource for local people. Many clients are unemployed, on low incomes or have very little disposable income. Issues covered include anxiety, depression, loss and working with difficult past experiences. Much of the area covered by the counselling service is within the top 10% most deprived in the UK.

SOCIAL ENGAGEMENT

The main engagement with parishes over 2024 has been to supply them with local data about their area better to help them engage with their local communities. A small workshop was run with the staff of the parishes in Ryde, Isle of Wight.

SOCIAL TRANSFORMATION

Leadership and Innovation

A cohort of 12 people attended the Creative Leadership Programme at the Kaospilots School in Denmark in November with some fantastic feedback:

“The traini ng was different to any leadership and management training I have done previously. It is a less formal approach that encourages everyone at all levels to work in collaboration.”

had the opportunity

CSR continued to support the discussion programme of the Portsmouth Cathedral Institute (PCI) including a lecture from Michael Wear who was President Obama’s Faith Adviser who spoke in April before both the UK and US elections.

SOCIAL BUSINESS

Housing and Homelessness

There have been ongoing discussions with a business based in the central South about how we might address the concerns raised by the Archbishops Commissions on Housing and Homelessness. We have been actively engaged as partners with some local authorities to explore the potential for new housing that would address the issues and use Modern Methods of Construction (MMC). This should be possible to implement at lower build costs but also will lead to lower running costs for the occupiers. It is still a work in progress. No CSR funds are at risk here.

FUTURE PLANS

above and this is expected to develop significantly as elements of the work are first piloted and then rolled out across a wider area. In some cases that will be done with grant funding, with commissioned work, and with CSR’s own funds.

Work is continuing to explore the future viability of Good Neighbours and at the very end of the year it was decided to consider the possibility of expanding our counselling offer following the closure of services in Portsmouth.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

FINANCIAL REVIEW

Financial Performance

The accounts report an overall deficit of £114,057 across all funds which reflects the impact of the cessation of historic funding for GNN and the commitment of investment for the develop of new projects whilst funding can be sought. This net expenditure was a deliberate decision by the trustees arising out of the need to develop new services which have the potential to become self-sustaining eventually.

The accounts show the unrestricted General Fund with a balance carried forward of £14,494 (2023: £25,169) after transfers and revaluations. Fund transfers include: investment interest income to the general fund of £1,778; the GNN management charges totalling £5,355, support for CSR general costs of £40,000 and a contribution for CSR staff to attend Kaospilots of £2,000. There were revaluation gains of £25,254 across all funds (2023: £80,907) on the financial investments, the year on year movement reflects that the decision was made to transfer funds to deposit to maximise investment returns in the short term.

GNNs funds show a deficit of £16,342 (2023: £28,299). Previous funding from the NHS and from Hampshire County Council which was held in reserves has been used during the year, with the balance of running costs for this service being transferred from unrestricted reserves for this vital work. We do not anticipate any further funding becoming available from the NHS and are seeking alternative sources of funding for the service. The fund balance at the end of the year reflects grant funding for the Home and Well project which has not yet been fully spent.

ASC funds show a balance of £12,024 (2023: £11,575). The majority of income during the year related to donations from clients. There has been no additional grant funding received.

The GOTO fund has a balance of £1,234 at the end of 2024 (2023: £19,986). The project ceased during 2023, and the majority of the related assets have been disposed of during the year.

The business development fund and investment for income funds have been utilised during the year to provide and to support existing programmes of work. Trustees have committed to utilising the business development fund to support the initial stages of projects until external funding can be obtained.

Balance sheet position

The Trustees consider that the balance sheet together with details in note 12 show broadly that the assets are held in an appropriate mix of investment and current assets given the purposes for which the funds are held. The net assets at the balance sheet date totalled £1,143,971 (2023: £1,258,028).

Reserves policy

Free reserves

Having considered financial risk, liquidity requirements and the timing of cash flows throughout the year, the mise the income derived from investments. The financial risks of this policy are negligible since the largest expense is the reimbursement of costs to the Portsmouth DBF and the timing of such payments is controllable.

Designated funds

The Trustees may, with the approval of the board, designate additional unrestricted reserves to be retained for an agreed purpose where this is considered to be prudent. Such designated reserves are reviewed on an annual basis and returned to the general fund in the event that the purpose of their designation is no longer considered to be adequate justification for their retention. Funds currently designated within the PDCSR accounts are the Business Development fund of £4,897 (2022: £65,461) and the Investment for Income fund of £1,101,354 (2023: £1,109,529).

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

Investment policy

PDCSR has the power to:

• Purchase, take on lease or in exchange, hire or otherwise acquire any real or personal property and any rights or privileges required for the purposes of the Council;

• Sell, let, mortgage, dispose of or turn into account all or any of the property and funds of the Council;

• Undertake, execute, and manage any charitable trusts which may lawfully be accepted by the Council; and

• Raise or borrow money for the purposes of the Council on such terms and on such security as shall be thought fit.

The directors continue to be guided in their investment decisions by the Investment Advisory Group of the Portsmouth Diocesan Board of Finance. This is ethically based. CSR has built up its investments in order to deliver a sustainable income for its core work which covers the costs for the part-time Executive Director and deputy only. The CSR board has taken the decision to expend up to £200,000 of the capital sums over the next two years developing new programmes which have the capacity in due course to develop new income streams through trading and at the same time yield social impacts and benefits, and thereby become social enterprises within the charity. In this way, we aim to develop our work sustainably in the longer term.

The portfolio experienced an increase in market value of 2.3% (2023: 10.0%) for the investment holding that remained at the end of the year. Overall, an income yield of 3.16% (2023: 3.3%) was achieved, the overall total return was 3.2% (2023: 10.83%); with the reduction resulting from the transfer to the deposit fund towards the end of the year which will lead to an increase in investment income during 2025. The allocation of these assets will be reviewed in light of future changes to the interest rate.

The PDCSR board has agreed to change the basis on which it assesses its investment returns to a new system known as Total Return on Investment. This will more readily allow some of the surplus capital that has accrued through investment performance, to be utilised in the delivery of the work, as well as the direct income.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable periodic reports to be produced so that the necessary steps can be taken to lessen these risks.

The principal risks for PDCSR now are around safeguarding or a collapse in income from investments. In the case of the former, we are supported by strong safeguarding staff in the diocese as well as having the team leader as a trustee. The board also developed a new safeguarding policy in consultation with the specialist charity Thirtyone:Eight. In the case of our investments, on the advice of the IAG, most of the investments were removed ced on deposit where they were yielding a higher return.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

PDCSR is a Registered Charity (no.1145162), and a Company limited by guarantee (company no. 07717141). It was incorporated on 25 July 2011 and operates under a Memorandum and Articles of Association altered pursuant to Special Resolution on the 7 September 2011 and 11 December 2019. The Trustees, who were directors for the purpose of company law, who served during the year are set out on page 8. Members of the charitable company guarantee an amount not exceeding £1 to the assets of the charitable company in the event of winding up.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

The Portsmouth Diocesan Council for Social Responsibility (PDCSR) is an independent charity based at the Diocese of Portsmouth that seeks to facilitate sustainable and innovative approaches to locally based social action, especially, though not exclusively, at the parish level in South-East Hampshire, Portsmouth, and the Isle of Wight, and beyond. It works with people of all faiths and none without preference or prejudice and is committed to working in a fully inclusive way. The Bishop of Portsmouth appoints the Executive Director who is currently an ordained member of the Diocesan staff. The permanent staff responsible for working with the Council in bringing its policy and plans to life are:

Director of Social Enterprise and Engagement The Revd Canon Nick Ralph (40%) Assistant Director of Social Enterprise and Engagement Gambol Parker (60%) Good Neighbours Network Leader Karen Jordan (100%) Fundraising Manager Vanessa Eden (100%)

Lydia Galloway (100%)

The Executive Director is on a permanent 50% secondment to the Paint Pots Pre-School & Nursery Limited and the Launchpad Social Enterprise in a positive partnership with the Diocese of Winchester. He is also a residentiary canon at Portsmouth Cathedral and 10% of his time is devoted to diocesan work outside of CSR.

Decision making structure

The Directors are responsible for strategy, financial management and all major decisions. Oversight of day to ies is undertaken by the senior staff listed on page 6 of this report.

Trustee recruitment, selection and induction

Trustees are given an induction at the outset of the triennium and at other times as appropriate. They are also informed before seeking membership and, at all other relevant times, of the role and function of the Directors. but this relates to their function within the organisation and has no legal meaning within the terminology associated with the Companies Act. All Trustees are required to maintain their entry in the record of declarations of interest and loyalty, meetings as is safeguarding.

Delegation of day to day delivery

The Trustees rely upon the Executive Director, and his colleagues for the delivery of the day-to-day activities of the company and the Portsmouth Diocesan Board of Finance acts as agent for PDCSR for employment, finance and administrative matters.

NSIBILITIES

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations .

Company law requires the Trustees (as Directors) to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the PDCSR and of the surplus or deficit of the PDCSR for that period.

In preparing these financial statements the Trustees are required to:

• Select suitable accounting policies and apply them consistently;

• Observe methods and principles in the Charities SORP;

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

• Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue in operation.

The Trustees are also responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the PDCSR and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the PDCSR and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information and Wales governing the preparation and dissemination of financial statements and other information included in Annual Reports may differ from legislation in other jurisdictions.

Indemnity insurance is maintained to protect the charity and indemnify Trustees, Officers and Staff against the consequences of any neglect or default on their part.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2024

ADMINISTRATIVE DETAILS

President:

The Bishop of Portsmouth

Trustees

No Trustee had any beneficial interest in the company during 2024. The following are the Trustees who served at any time during 2024 up to the date of this report:

Chair: Professor Sir Jonathan Montgomery Other Trustees: Mr Andrew Bradstock Mr Edward Phillips Mr Philip Poulter Mr Jonathan Smith (resigned 5 December 2024) Mr Robert Solomon Mrs Nicola Youern Mrs Elaine Coe (appointed 10 January 2024) Mrs Emily Hassan (appointed 10 January 2024) Company Secretary The Revd Canon Nicholas Ralph

Senior staff and advisers

Executive Director The Revd Canon Nicholas Ralph Assistant Director Gambol Parker Registered Office: Diocesan Office, Peninsular House, Wharf Road, Portsmouth, PO2 8HB Bankers : Barclays PLC, PO Box 612, Ocean Village, Southampton, SO14 2ZP Independent Examiner: Jane Askew FCA, HaysMac LLP, 10 Queen Street Place, London, EC4R 1AG Solicitors: Messrs Brutton & Co, West End House, 288 West Street, Fareham, PO16 0AJ Investment advisers: Investment Advisory Group, Diocese of Portsmouth and, CCLA, Senator House, 85 Queen Victoria Street, London EC4V 4ET

Trustees report (including

report) included on pages 1 - 8 within their capacity as company directors.

In preparing this report the directors have taken advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006. The directors have taken advantage of the small companies’ regime in preparing the financial statements.

ON BEHALF OF THE TRUSTEES

Professor Sir Jonathan Montgomery Chairman Date: 24 July 2025

Mr Edward Phillips Trustee Date: 24 July 2025

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Independent Examiners Report to the Trustees of Portsmouth Diocesan Council for Social Responsibility for the year ended 31 December 2024

I report to the Trustees on my examination of the accounts of Portsmouth Diocesan Council for Social Responsibility for the year ended 31 December 2024.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

Act and section 145 of the 2011 Act. In carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jane Askew FCA HaysMac LLP 10 Queen Street Place London EC4R 1AG Date: 17/09/2025

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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All amounts derive from continuing activities. The statement of financial activities incorporates an income and expenditure account for the purposes of the Companies Act 2006.

The comparative data for year ended 31 December 2023 is included in note 16.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

BALANCE SHEET AS AT 31 DECEMBER 2024

The accounting policies and notes on pages 12-23 form an integral part of these accounts.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board and authorised for issue on 24 July 2025 and signed on its behalf by 24 July 2025.

Professor Sir Jonathan Montgomery Chair

Mr Edward Phillips Trustee

Company number - 07717141

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

Portsmouth Diocesan Council for Social Responsibility is a company limited by guarantee, incorporated in England and Wales. The registered office is Diocesan Office, Peninsular House, Wharf Road, Portsmouth, PO2 8HB. The charities objectives are listed on page 1 of the Trustees Report.

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Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tive 1 January 2019). The charity is a public benefit entity as defined by FRS102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, with the exception of quoted fixed asset investments, which are included at their market value at the balance sheet date.

The principal accounting policies and estimation techniques are as follows:

a) Income

All income is included in the Statement of Financial Activities (SOFA) when the PDCSR is legally entitled to it as income or capital respectively, ultimate receipt is probable and the amount to be recognised can be quantified with reasonable accuracy.

Income from investments includes all dividends on securities for which the date of payment falls within the period. Investment income includes tax recoverable thereon.

Grants are accounted for on a receivable basis with the exception of the funding restricted for the GNN activities where they are time-apportioned to align on a quarterly basis with the costs towards which they are contributing.

b) Expenditure

Expenditure is included on the accruals basis and has been classified under headings that aggregate all costs related to the Statement of Financial Activity category.

c) Fund balances

Fund Balances are split between unrestricted (general and designated) and restricted funds.

• General funds are the unrestricted funds that are freely available for any purpose within the charitable

• Designated funds are set aside out of unrestricted funds by the PDCSR for a purpose specified by the Trustees.

• Restricted funds are income funds subject to conditions imposed by the donor as specific terms of trust, or else by legal measure.

d) Financial instruments

Financial instruments when the charity becomes party to the contractual provisions of the instrument. The charity only has financial assets and liabilities which qualify as basic financial instruments.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

e) Fixed asset investments

Fixed asset investments, excluding unquoted investments, are included in the balance sheet at bid value and the gain or loss taken to the Statement of Financial Activities. Unquoted investments are included at cost.

f) Tangible fixed assets and depreciation

Vehicles are stated at cost, being the purchase price and any incidental acquisition costs.

Depreciation is provided on vehicles over a period of 3 years on a straight line basis.

h) Finance leases.

PDCSR has entered into finance lease arrangements for the use of certain assets. The amounts due under finance leases are included in the balance sheet as liabilities. All interest costs related to the arrangement are reflected in the Statement of Financial Activities.

g) Going concern

The Trustees have a reasonable expectation that the charity has adequate resources to meet its liabilities as they fall due for the foreseeable future. The trustees consider that there are no material uncertainties lity to continue as a going concern and they therefore continue to prepare the financial statements on the going concern basis.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. INCOME

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3. CHARITABLE ACTIVITIES

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. INVESTMENT INCOME

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5. EXPENDITURE ON CHARITABLE ACTIVITIES

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. EXPENDITURE ON CHARITABLE ACTIVITIES (continued)

Staff Costs

Employee costs during the year were as follows:

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During 2023, PDCSR directly employed staff as well as some members of staff continuing to be employed by the Portsmouth Diocesan Board of Finance (PDBF) on behalf of the PDCSR. At 31 December 2024 all staff are employed through PDBF.

At the end of 2024 there were 4.7 FTE (2023: 2.0). The average headcount throughout the year was 3.68 (2023: 4.5).

No employees earned over £60,000 during the year (2023: £nil).

The trustees received no remuneration or expenses during the year (2023: £nil).

Remuneration of Key Management Personnel

Key management personnel are deemed to be those having authority and responsibility delegated to them by the trustees, for planning, directing and controlling the activities of the organisations.

Remuneration, employers NI, pension contributions and expenses amounted to £24,853 (2023: £25,231).

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. ANALYSIS OF TRANSFERS BETWEEN FUNDS

7. MOVEMENT OF FUNDS

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. MOVEMENT OF FUNDS (CONTINUED)

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8. TANGBLE FIXED ASSETS

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Assets with a net book value of £nil (2023: £29,386) were held under finance lease at 31 December 2024.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. INVESTMENTS

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10. DEBTORS

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11. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

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Deferred income balances relate to the Home and Well Project for which grant income is received quarterly in advance. This is recognised in full in the subsequent financial year.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. ASSETS BY FUND

2024 General fund General fund Designated funds Business Development fund Investment for Income fund Young People's emotional health and wellbeing Restricted funds GNN ASC GOTO Total Funds at 31st December 2024 2023 General fund General fund Designated funds Business Development fund Investment for Income fund Young people's emotional health and wellbeing Restricted funds GNN ASC GOTO Total Funds at 31st December 2023	Current Net Tangible Investments Assets Liabilities Assets £ £ £ £ Fixed assets
	- - 40,305 (25,811) 14,494
	- - 4,897 - 4,897 - 21,693 1,079,661 - 1,101,354 - - 3,214 (3,214) -
	- 21,693 1,087,772 (3,214) 1,106,251
	- - 37,070 (27,102) 9,968 - - 12,024 - 12,024 3,960 - (2,726) - 1,234
	3,960 - 46,368 (27,102) 23,226
	3,960 21,693 1,174,444 (56,127) 1,143,971
	Current Net Tangible Investments Assets Liabilities Assets £ £ £ £ Fixed assets
	- - 29,163 (3,994) 25,169
	- 85,278 (19,817) - 65,461 - 1,064,565 44,962 - 1,109,527 - - - - -
	- 1,149,843 25,145 - 1,174,988
	- - 31,188 (4,878) 26,310 - - 11,575 - 11,575 42,058 - 7,322 (29,394) 19,986
	42,058 - 50,085 (34,272) 57,871
	42,058 1,149,843 104,393 (38,266) 1,258,028

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. ASSETS BY FUND (continued)

Description of Funds:

General Fund

These funds are unrestricted and to be used for the furtherance of the charitable objectives of the PDCSR as detailed on page 1 of the annual report.

Business Development Fund

This fund arose from the sale of a piece of land in 2012 at which point the trustees agreed that this windfall should be used specifically to support new projects and each year since then has been utilised for such activities under the direction of the board.

Investment for Income Fund

These funds were designated by the trustees in 2015 to generate income to support the continued operations of PDCSR.

The trustees designated these funds to support the development of projects relating to children and young

GNN Fund

These are the funds received from external sources and restricted for the sole purpose of supporting the activities of the Good Neighbours Network, Hampshire.

ASC Fund

These are funds managed by All Saints Counselling service from donations for counselling sessions offered by the volunteer counsellors and contribute to the running costs and expenses of the service. They are restricted within PDCSR as solely for the use of ASC.

GOTO Fund

These are the funds received from external sources and restricted for the sole purpose of supporting the activities of the Communities Tackling Loneliness with Transport project. This is a Department for Transport funded grant.

13. RELATED PARTY TRANSACTIONS

The Portsmouth Diocesan Board of Finance (PDBF) is a related party with shared trustees with PDCSR. PDBF is the direct employer of the PDCSR staff and payment was made to it in respect of these costs of £159,859 (2023: £117,356). At the end of the year, PDCSR owed PDBF £16,988 (2023: £3,081) The PDBF has also supported the work of the PDCSR for several years and in 2024 provided office space for the use of PDCSR.

14. AMOUNTS DUE UNDER FINANCE LEASE

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. FUNDS HELD AS AGENT

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The above funds are held as agent and included within creditors.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. STATEMENT OF FINANCIAL ACTIVITIES PRIOR YEAR

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