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2025-12-31-accounts

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR END 31[ST] DECEMBER 2025

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

CSR Brands include:

Company number (England and Wales) - 07717141 Registered charity number – 1145162

www.csrnet.org.uk

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

Contents

TRUSTEES REPORT ............................................................................................................................... 1-8 INDEPENDENT EXAMINERS REPORT ...................................................................................................... 9 STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................... 10 BALANCE SHEET .................................................................................................................................... 11 NOTES TO THE FINANCIAL STATEMENTS ........................................................................................ 13-23

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

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 2025. 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:

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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:

STRATEGIC AIMS

PDCSR’s Vision, Values, Mission and Model were reviewed and updated during the year.

CSR’s Vision and Values

CSR’s work is about seeking 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.

PDCSR’s Mission

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:

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

ACTIVITIES AND ACHIEVEMENTS IN THE YEAR

2025 has been a year of change and further challenges. The CSR invested time in detailed reviews and plans for new sustainable initiatives, while continuing to fund things like the Good Neighbours Network, its work in mental health for children and young people and looked to developing some new important initiatives in counselling, all from within its own funds. This is a deliberate policy of investment in work that is needed as we look for long term funding for some, and to generate a self-sustaining income for others.

PDCSR Governance

The PDCSR board is independent from the Diocese of Portsmouth (PDBF) and appoints its own trustees. The board met nine times during the year. Permission was sought from the Charity Commission to update the charity’s Conflicts of Interest policy, which is a reserved matter. With helpful advice and support from our charity solicitor, the Commission’s own model wording was suggested and this was accepted and permission for the change granted in February 2025.

SOCIAL ACTION

Good Neighbours Network (GNN)

The Good Neighbours Network has not been funded by either Hampshire County Council or the local NHS commissioners (Integrated Care Board, ICB) for some time. It is completely independent of public funding and funded by CSR’s own capital reserves although this can only be on a temporary basis while alternative long term solutions are explored. Some funding has

www.goodneighbours.org.uk

come through the Positive Energy Project working with Southern Gas Networks (SGN) through the CAB’s Home and Well Project. In order to preserve our intellectual property, the logo and name were successfully registered as a trademark.

The latest statistics show a small increase in tasks to 160,985, up 2% on the previous year, and a small increase in the number of volunteers – up by 1.8% while at the same time, the number of different people helped has increased by almost 9% to 27,385. The front line Good Neighbour groups continue to carry out much needed work in local communities that other groups are not providing and by doing so, they are helping to keep people living independently, in their own homes for longer thus saving families, the NHS and Adults Health and Care Services significant sums of money due to the concrete practical work they carry out week in and week out. It is classic prevention work and at a time when volunteering is under pressure, shows how important and valuable it is to keep supporting the great work being undertaken by dedicated and hardworking local volunteers.

Early in the year, the CSR board commissioned a review of the current operation of GNN and its potential for development and funding. This report was extremely helpful in establishing what was working well and where there might be opportunities to develop sustainably. This work will be carried forward substantially in 2026 which also happens to be the 50[th] anniversary of the founding of the network.

Young People’s Mental Health

This work involves a support group at a local school and a podcast with some young people with two members of staff contributing to it over the year with one part-time person covering for the work of the other full-time role. The work will be substantially taken up again in April 2026 and has good potential for funding and development.

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

Counselling services

www.allsaintscounselling.org.uk www.compasscounselling.uk

The CSR Board commissioned work exploring the possibility of a staffed counselling service alongside the volunteer-led service run by All Saints Counselling. This came about due to a lack of service provision in the city of Portsmouth and the board took the decision to employ some part-time staff to get a new separate service up and running. Work was done to develop a name and brand – Compass Counselling with the provision of some initial CSR pump-

priming funds. Compass and All Saints will work separately and from different sites but collaborate on training and support. The new service will take time to build up to full scale. Both take on trainee counsellors and work to the BACP Ethical Framework and Standards.

SOCIAL ENGAGEMENT

A full rapid development programme (rdp) process was run with Holy Trinity Gosport in the second half of 2025 and the support and relationship continues into 2026.

SOCIAL TRANSFORMATION

Leadership and Innovation

The positive re-engagement with the Kaospilots in late 2024 meant that it was too soon to follow it up in 2025 but there is an intention to maintain links and explore the possibility of reunion for those who have been and to establish locally a group of people committed to Kaospilot thinking. In an increasingly uncertain world, the ability to adapt and to learn how ‘to navigate chaos in socially useful and financially sustainable ways’ is only becoming more critical and important.

In November, CSR sponsored a celebration event and southern book launch marking the 40[th] anniversary of the seminal Faith in the City Report in 1985 with an illustrious array of speakers including Terry Drummond and Joe Forde, who wrote ‘Celebrating 40 years of Faith In the City’, Bishop Rob Wickham CEO Church Urban Fund which was founded out of the report, and Sarah McCarthy-Fry former MP.

SOCIAL BUSINESS

Housing and Homelessness

The Archbishops’ Commission on Housing and Homelessness has moved into a national network chaired by the Bishop of Chelmsford. We continue to engage with local partners on the issue and look for ways in which the housing crisis can be more effectively addressed.

GENERAL

Training in charitable social enterprise, community development, and local data interpretation continues to be supported. 2025 saw the first revision of the Index of Multiple Deprivation Data since 2019. This is a relative measure which reveals some deterioration in areas in within Portsmouth Diocese but particularly in Portsmouth City, Havant, and Gosport.

With increasing threats to the security of IT systems, CSR’s systems were all upgraded significantly in 2025. A new simpler website was commissioned and is now online and includes a significant new donation portal which will be promoted more in 2026. www.csrnet.org.uk

With the reduction in income from external sources compared to previous years, some necessary restructuring was undertaken.

FUNDRAISING

The Charity raises funds in a proportionate and considered way to support its work across Hampshire and the Isle of Wight. Income is generated primarily from grant-making trusts and foundations, together with occasional donations from individuals and local groups, including those connected with the Good Neighbours Network. The

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

Charity does not undertake large public fundraising campaigns and does not use professional fundraising agencies or commercial participators. All fundraising is carried out by staff.

During 2025, the Charity sought to follow recognised fundraising good practice. The charity is not currently registered with the Fundraising Regulator but intends to apply for membership in 2026. No fundraising complaints were received during the year. The Charity is mindful of its responsibility to protect supporters and members of the public, including vulnerable individuals, from undue pressure or unreasonable intrusion.

FUTURE PLANS

In 2025, the CSR board has deliberately set the direction of its work as being invest in a small number of core programmes with the intention that they should become in some cases self-sustaining from fees or in others sustainable from donations and grants. This is kept under review and 2026 will show which can be sustained beyond but also which cannot and must either be adapted or closed.

FINANCIAL REVIEW

Financial Performance

The financial statements for 2025 report an overall deficit of £215,193 across all funds which reflects the ongoing impact of the cessation of historic funding for GNN and the ongoing commitment of investment for the develop of new projects whilst funding can be sought. We have been actively seeking grant funding to support projects and services, however in the current environment where available grants are in high demand, have been unable to secure any significant funding. The trustees are comfortable with the current use of reserves to support activities, and the project development commenced during 2025 is expected to produce greater levels of income during 2026, including the new counselling service.

The general fund generated a surplus of £7,455 in the year and the balance on the unrestricted General Fund is £21,948 (2024: £14,494) after transfers and revaluations. Fund transfers include: GNN management charges, investment income from the business development fund, and a transfer from the investment fund to support the general operational costs.

GNNs funds show a deficit of £9,515 for the year (2024: £16,342). Income during the year includes grant funding for the Home and Well project. Previous reserves have now been fully utilised and trustees have agreed the use of designated funds to support this vital work. The fund balance at year was £453 (2024: £9,968).

ASC funds show a balance of £10,898 (2024: £12,024). The majority of income during the year related to donations from clients and income from room hire. There has been no additional grant funding received.

The GOTO fund has a nil balance at the of 2025 (2024: £1,234). The final assets have been written down during the year.

The business development fund and investment for income funds have been used to support the ongoing project cost, as well as the start-up costs for the new counselling service. Trustees have committed to utilising the business development fund to support the initial stages of projects until external funding can be obtained. The business development fund has been fully utilised during the year. The investment fund has a balance of £891,249.

There were revaluation losses of £867 across all funds, mitigated by the decision to transfer the majority funds onto deposit in 2024 to maximise investment income in the short term. These balances will be kept under review during 2026.

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

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 £928,775 (2024: £1,143,971).

Reserves policy

Free reserves

Having considered financial risk, liquidity requirements and the timing of cash flows throughout the year, the Trustees’ policy is to hold a very small balance of readily realisable assets in the general fund to maximise 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 Investment for Income fund of £891,249 (2024: £1,101,354). The Business Development fund has been fully utilised during the year (2024: balance of £4,897).

Investment policy

PDCSR has the power to:

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. The CSR board took the decision to expend some of its capital reserves in 2025/26 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 a reduction in market value of 4.00% (2024: increase of 2.3%) for the investment holding. Overall, an income yield of 2.81% (2024: 3.16%) was achieved, the overall total return was -1.19% (2024: 3.2). The allocation of these assets will be reviewed in light of future changes to the interest rate and market performance.

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.

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

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 new safeguarding policies (one for adults and another for children) 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 from CCLA’s Investment Fund and placed on deposit where they were yielding a higher return. There is now a strategic priority to raise significant funds for the work of the Good Neighbours Network which will accelerate in 2026. Some fundraising for the Wellbeing Club has been successful.

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, 11 December 2019, and 20[th] February 2025. 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.

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%) Good Neighbours Network Leader – Karen Jordan (100%) Fundraising Manager – Vanessa Eden (100%) Children and Young People’s Mental Health Programme Manager – Lydia Galloway (100%) Counselling Service Manager – Siobhan Butt (50%) Counselling Supervisor – Becs Feek (60%) (Appointed 13[th] August 2025. Resigned 23[rd] January 2026) Positive Energy Project and GNN IT – Stephen Dominy (80%)

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 day detailed work and management of the charity’s activities 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. Some staff hold the title of ‘Director,’ 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, and this is a standing item on the agenda of Directors’ meetings as is safeguarding.

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

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.

Related parties

CSR contributes to Portsmouth Diocesan Board of Finance (PDBF) for the provision of staff and office services. PDBF shares trustees with CSR.

During the year, CSR sought legal advice to update provisions in its Memorandum and Articles of Association with particular respect to Conflicts of Interest. Such changes are regulated and reserved to the Charity Commission. The charity applied to the Commission for permission to make the changes and this was granted in Feb 2025. Details of transactions with related parties are included in note 13.

Remuneration of key management personnel

The Trustees consider that they, together with the Executive Director, constitute the charity’s key management personnel. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the charity. The Trustees are not remunerated for their services to the charity.

The remuneration of key management personnel is set by the Trustees having regard to market rates, the responsibilities of the role, and the charity’s ability to pay. Details of the total remuneration of key management personnel during the year are disclosed in Note 6 to the financial statements.

TRUSTEES’ RESPONSIBILITIES

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:

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 included in the PDCSR’s website. Legislation in England and Wales governing the preparation and dissemination

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

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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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

Annual Report and Accounts for the year ended 31 December 2025

ADMINISTRATIVE DETAILS

President: The Bishop of Portsmouth

Trustees

No Trustee had any beneficial interest in the company during 2025. The following are the Trustees who served at any time during 2025 up to the date of this report:

Chair: Professor Sir Jonathan Montgomery

Other Trustees: Mr Andrew Bradstock Mr Edward Phillips Mr Philip Poulter Mr Robert Solomon Mrs Nicola Youern Mrs Elaine Coe Mrs Emily Hassan

Company Secretary The Revd Canon Nicholas Ralph

Senior staff and advisers

Executive Director The Revd Canon Nicholas Ralph Registered Office: Diocesan Office, Peninsular House, Wharf Road, Portsmouth, PO2 8HB Bankers : Barclays PLC, PO Box 612, Ocean Village, Southampton, SO14 2ZP Independent Examiner: Stuart Mackie FCA, Morris Crocker, Lake House, 2 Port Way, Portsmouth, PO6 4TY 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

In approving this Trustees’ Report, the Trustees are also approving the Trustees report (including Director’s 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: 14 May 2026

Mr Edward Phillips Trustee Date: 14 May 2026

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Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

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 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Stuart Mackie, FCA

Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solent Portsmouth Hampshire PO6 4TY 15 May 2026

Date: ............................................

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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 2025

Note
Income and endowments from:
Donations
2
Charitable Activities
3
Investment income
4
Expenditure on:
Charitable activities
5
Net expenditure before transfers
Transfers between funds
6
Other recognised gains
Realised gains/(losses) on investments
Unrealised investment gains
Net movement in funds
7
Total funds at 1 January
Total funds at 31 December		 General
Designated
Restricted
Total funds
Total funds
fund
funds
fund
2025
2024
£
£
£
£
£
115
4,945
86,073
91,133
63,714
424
2,392
1,155
3,971
16,571
38,163
6,105
13
44,281
36,313
38,702
13,442
87,241
139,385
116,598
146,769
69,359
137,583
353,711
255,909
146,769
69,359
137,583
353,711
255,909
(108,067)
(55,917)
(50,342)
(214,326)
(139,311)
115,523
(153,990)
38,467
-
-
-
-
-
-
24,769
-
(867)
-
(867)
485
7,456
(210,774)
(11,875)
(215,193)
(114,057)
14,493
1,106,249
23,226
1,143,968
1,258,028
21,949
895,475
11,351
928,775
1,143,971

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 2024 is included in note 14.

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PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed Assets
Tangible fixed assets
8
Investments
9
Current Assets
Debtors
10
Cash on deposit
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
The funds of the charity:
General fund
Designated funds
Restricted income funds
Total funds
12		 2025
2024
£
£
-
3,960
20,826
21,693
20,826
25,653
34,287
39,156
896,066
1,090,742
24,005
44,547
954,358
1,174,445
(46,409)
(56,127)
907,949
1,118,318
928,775
1,143,971
21,949
14,494
895,475
1,106,251
11,351
23,226
928,775
1,143,971

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

For the year ended 31 December 2025 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 27 April 2026 and signed on its behalf by

14 May 2026 14 May 2026 Professor Sir Jonathan Montgomery Mr Edward Phillips Chair 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 2025

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.

The financial statements have been prepared in accordance with the charity’s Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 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.

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.

d) Financial instruments

Financial instruments are recognised in the charity’s balance sheet 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.

13

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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.

I mpairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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 that may cast doubt on the charity’s ability to continue as a going concern and they therefore continue to prepare the financial statements on the going concern basis.

h) Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

i) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

j) Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

14

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. INCOME

3. CHARITABLE ACTIVITIES
2025
Donations
Citizens Advice Hampshire
Other grants & donations
2024
Donations
Citizens Advice Hampshire
Other grants & donations
2025
Activity Income
Sundry Income
2024
Activity Income
Sundry Income		 General
Designated
Restricted
Total funds
fund
funds
funds
2025
£
£
£
£
-
-
80,560
80,560
115
4,945
5,513
10,573
115
4,945
86,073
91,133
General
Designated
Restricted
Total funds
fund
funds
funds
2024
£
£
£
£
-
-
41,055
41,055
-
-
22,659
22,659
-
-
63,714
63,714
General
Designated
Restricted
Total funds
fund
funds
funds
2025
£
£
£
£
424
2,392
-
2,816
-
-
1,155
1,155
424
2,392
1,155
3,971
General
Designated
Restricted
Total funds
fund
funds
funds
2024
£
£
£
£
6,756
9,000
-
15,756
-
-
815
815
6,756
9,000
815
16,571

3. CHARITABLE ACTIVITIES

15

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

4. INVESTMENT INCOME

2025
CBF Deposit Interest
CBF Investment fund
2024
CBF Deposit Interest
CBF Investment fund		 General
Designated
Restricted
Total funds
fund
funds
fund
2025
£
£
£
£
37,554
6,105
13
43,672
609
-
-
609
38,163
6,105
13
44,281
General
Designated
Restricted
Total funds
fund
funds
fund
2024
£
£
£
£
13,316
-
9
13,325
21,210
1,778
-
22,988
34,526
1,778
9
36,313

5. EXPENDITURE ON CHARITABLE ACTIVITIES

2025
Other Activity costs
Staff costs
Other staff expenses
Office support costs
Independent examiner's costs
Professional Fees & Consultancy
Legal Costs
Loss on Sale of Fixed Assets
2024
Other Activity costs
Staff costs
Other staff expenses
Office support costs
Independent examiner's costs
Legal Costs		 General
Designated
Restricted
Total funds
fund
funds
funds
2025
£
£
£
£
4,222
1,008
33,190
38,420
89,834
61,056
79,992
230,882
4,277
486
3,187
7,949
21,241
6,809
15,070
43,121
1,500
-
-
1,500
24,756
-
-
24,756
940
-
4,476
5,416
-
-
1,667
1,667
146,769
69,359
137,583
353,711
General
Designated
Restricted
Total funds
fund
funds
funds
2024
£
£
£
£
11,059
23,022
34,265
68,346
79,839
15,818
64,202
159,859
1,127
913
1,481
3,520
2,633
-
15,950
18,582
2,432
-
-
2,432
-
-
3,168
3,168
97,089
39,753
119,065
255,907

16

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

5. EXPENDITURE ON CHARITABLE ACTIVITIES (continued)

Staff Costs

Employee costs during the year were as follows:

Wages and salaries
National insurance contributions
Pension costs		 2025
2024
£
£
209,271
145,129
21,183
11,418
429
3,312
230,883
159,860

All staff are employed through PDBF.

At the end of 2025 there were 5.0 FTE (2024: 4.7). The average headcount throughout the year was 5.1 (2024: 3.68).

No employees earned over £60,000 during the year (2024: £nil).

No Trustee received any remuneration for services as Trustee. Trustees received travelling and out of pocket expenses totalling £58 (2024: £70), incurred in their fulfilment of their duties as trustees.

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. During 2025 they were:

Executive Director (40%)

Remuneration, employers NI, pension contributions and expenses amounted to £24,591 (2024: £24,853).

17

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

6. ANALYSIS OF TRANSFERS BETWEEN FUNDS

2025
Authorised transfer from Investment for Income fund
Contribution to Kaospilots
GNN management Fee
Transfer to suport general CSR costs
Transfer to support GNN work
Transfer to support work on YPEHW
Transfer to support GOTO Project
Transfer to support work on he Counselling Service
2024
Authorised transfer from Investment for Income fund
GNN management Fee
Transfer to suport general CSR costs
Transfer to support GNN work
Contribution to Kaospilots
Transfer to support work on young people's emotional health
and wellbeing		 General
Designated
Restricted
Total funds
fund
funds
funds
2025
£
£
£
£
(7,808)
(214,136)
-
(221,945)
-
-
-
-
-
-
63,200
63,200
96,104
(6,104)
-
90,000
27,228
-
(27,480)
(252)
-
41,100
41,100
-
-
2,747
2,747
-
25,150
-
25,150
115,523
(153,990)
38,467
-
General
Designated
Restricted
Total funds
fund
funds
funds
2024
£
£
£
£
1,778
(1,778)
-
-
(2,000)
(12,022)
-
(14,022)
-
14,022
-
14,022
5,355
-
(5,355)
-
40,000
(40,000)
-
-
-
(34,442)
34,442
-
-
(17,730)
-
(17,730)
-
17,730
-
17,730
45,133
(74,220)
29,087
-

18

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

7. MOVEMENT OF FUNDS

General fund
General Fund
Designated funds
Business Development
Investment for Income
Young People's emotional health and
wellbeing
Counselling Service
Restricted
GNN
ASC
GOTO
Total Funds
General fund
General Fund
Designated funds
Business Development
Investment for Income
Young People's emotional health and
wellbeing
Kaospilots
Restricted
GNN
ASC
GOTO
Total Funds		 At 1st January
Income
Expenditure
Transfers
Gains
At 31st
December
2025
2025
£
£
£
£
£
£
14,494
38,702
(146,769)
115,523
-
21,949
4,897
6,105
-
(11,002)
-
-
1,101,354
-
-
(209,237)
(867)
891,247
-
4,945
(41,846)
41,100
-
4,199
-
2,392
(27,513)
25,150
-
29
1,106,251
13,442
(69,359)
(153,990)
(867)
895,475
9,968
82,049
(127,284)
35,720
-
453
12,024
5,192
(6,318)
-
-
10,898
1,234
-
(3,981)
2,747
-
-
23,226
87,241
(137,583)
38,467
-
11,351
1,143,971
139,385
(353,711)
0
(867)
928,775
At 1st January
Income
Expenditure
Transfers
(Losses)
At 31st
December
2024
2024
£
£
£
£
£
£
25,169
41,282
(97,090)
45,133
-
14,494
65,461
1,778
-
(64,973)
2,631
4,897
1,109,527
-
-
(40,000)
31,827
1,101,354
-
-
(16,731)
16,731
-
9,000
(23,022)
14,022
-
1,174,988
10,778
(39,754)
(74,220)
34,458
1,106,251
26,310
58,631
(104,060)
29,087
-
9,968
11,575
5,907
(5,458)
-
-
12,024
19,986
-
(9,548)
-
(9,204)
1,234
57,871
64,538
(119,065)
29,087
(9,204)
23,227
1,258,028
116,598
(255,909)
-
25,254
1,143,971

19

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

8. TANGBLE FIXED ASSETS

At Cost or Valuation
At 1 January 2025
Asset Write-Down
At 31 December 2025
Accumulated depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value at 31 December 2025
Net book value at 31 December 2024		 Total
Vehicles
2025
£
£
10,000
10,000
(1,669)
(1,669)
8,331
8,331
6,040
6,040
2,292
2,292
8,331
8,331
-
-
3,960
3,960

9. INVESTMENTS

CBF Investment fund units
Designated Funds
Total Funds		 At 1st
Change in
At 31st
January
Market
December
2025
Additions
Disposals
Value
2025
£
£
£
£
£
21,693
-
-
(867)
20,826
21,693
-
-
(867)
20,826
21,693
-
-
(867)
20,826

20

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. DEBTORS

Sundry Debtors
Accrued investment income		 2025
2024
£
£
24,899
27,441
9,388
11,715
34,287
39,156

11. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

Sundry Creditors
Deferred GNN Income		 2025
2024
£
£
46,409
36,124
-
20,003
46,409
56,127

The deferred income balance in the prior year relates to the Home and Well Project for which grant income is received quarterly in advance. This has been recognised in full during 2025. There was no similar deferred balance in 2025.

12. ASSETS BY FUND

2025
General fund
General fund
Designated funds
Business Development fund
Investment for Income fund
Counselling Service
Young People's emotional health and
wellbeing
Restricted funds
GNN
ASC
GOTO
Total Funds at 31st December 2025		 Current
Net
Tangible
Investments
Assets
Liabilities
Assets
£
£
£
£
Fixed assets
-
-
32,096
(10,147)
21,949
-
-
-
-
-
-
20,826
870,421
-
891,247
-
-
17,698
(17,669)
29
-
-
10,986
(6,787)
4,199
-
20,826
899,105
(24,456)
895,475
-
-
12,259
(11,806)
453
-
-
10,898
-
10,898
-
-
-
-
-
-
-
23,157
(11,806)
11,351
-
20,826
954,358
(46,409)
928,775

21

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12. ASSETS BY FUND (continued)

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		 Current
Net
Tangible
Investments
Assets
Liabilities
Assets
£
£
£
£
Fixed assets
-
-
40,304
(25,810)
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
-
-
37,071
(27,103)
9,968
-
-
12,024
-
12,024
3,960
-
(2,726)
-
1,234
3,960
-
46,370
(27,103)
23,226
3,960
21,693
1,174,445
(56,127)
1,143,971

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.

Young People’s Mental Health and Emotional Wellbeing

The trustees designated these funds to support the development of projects relating to children and young people’s mental health and emotional wellbeing.

Compass Counselling

The trustees designated these funds to support the setting up and delivery of a new, accessible counselling service.

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.

22

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12. ASSETS BY FUND (continued)

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 £230,882 (2024: £159,859). At the end of the year, PDCSR owed PDBF £39,900 (2024: £16,988) The PDBF has also supported the work of the PDCSR for several years and in 2025 provided office space for the use of PDCSR.

During the year, CSR incurred costs of £17,000 for the provision of expertise by Youern Coactive in relation to the new counselling service, and plans for the Good Neighbours Network Youern Coactive is a company owned by Nicola Youern, one of the trustees. This was paid in full during the year.

The board followed the statutory requirements when engaging a trustee in her professional capacity. The trustees concluded that it was in the interest of the charity to commission this work from Youern Collective. The reasons were recorded in the minutes of their meeting. Nicola Youern took no part in that decision.

CSR has not got an ultimate beneficial owner.

23

Docusign Envelope ID: 68357B81-F3CD-82D7-8268-5C0A854BFDF3

PORTSMOUTH DIOCESAN COUNCIL FOR SOCIAL RESPONSIBILITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. STATEMENT OF FINANCIAL ACTIVITIES PRIOR YEAR

Note
Income and endowments from:
Donations
2
Charitable Activities
3
Investment income
4
Expenditure on:
Charitable activities
5
Net expenditure before transfers
Transfers between funds
6
Other recognised gains
Realised gains/(losses) on investments
Unrealised investment gains
Net movement in funds
7
Total funds at 1 January
Total funds at 31 December		 General
Designated
Restricted
Total funds
fund
funds
fund
2024
£
£
£
£
-
-
63,714
63,714
6,756
9,000
815
16,571
34,526
1,778
9
36,313
41,282
10,778
64,538
116,598
97,090
39,753
119,066
255,909
97,090
39,753
119,066
255,909
(55,808)
(28,975)
(54,528)
(139,312)
45,133
(74,220)
29,087
-
-
33,973
(9,204)
24,769
-
485
-
485
(10,675)
(68,735)
(34,645)
(114,057)
25,169
1,174,988
57,871
1,258,028
14,494
1,106,251
23,226
1,143,971

24