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2025-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

CHARITY NO: 1157949

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

FOR THE YEAR ENDED 31 DECEMBER 2025

CONTENTS

Annual Report 2
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14

1

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their Annual Report and Financial Statements of the Parochial Church Council of Holy Saviour, Bitterne for the year ended 31 December 2025.

The Financial Statements comply with the Trust Deed, the Church Accounting Regulations 2006, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015, including early adoption as amended January 2016).

REFERENCE AND ADMINISTRATIVE INFORMATION

Holy Saviour, Bitterne is part of the Diocese of Winchester within the Church of England.

Charity Name: Parochial Church Council of Holy Saviour, Bitterne Charity Registration Number: 1157949 Correspondence Address: Holy Saviour Church Bursledon Road Bitterne Southampton S019 7LW

Parochial Church Council Trustees

The Parochial Church Council of Holy Saviour, Bitterne is a Charity which was registered at the Charity Commission on 22 July 2014 under Charity Number 1157949. The Parochial Church Council of Holy Saviour, Bitterne is administered and managed by “Church Council Trustees”. Trustees of the Church Council are either ex officio, were elected by the Annual Parochial Church Meeting on 27[th] April 2025, in accordance with the Church Representation Rules, or co-opted by the Trustees during the year.

All those who worship with us are encouraged to join the Electoral Roll. They are then entitled to attend and vote at the Annual Parochial Church Meeting and stand for election to the Parochial Church Council.

During the period the following served as Parochial Church Council Trustees:

Vicar: Rev’d. Tony Palmer Chairman Churchwardens: Brian Gaffney Adrian Jacobs Licensed Lay Ministers: Kim Baillie Jane Fisher Gareth Wood Licensed Lay Worker: Amanda Wood Deanery Synod Members: Stephen Spencer Brian Gaffney

2

Elected Trustees from January 2025 to April 2025:

There are potentially fifteen elected trustees:-

----- Start of picture text -----
3 years 2 years 1 year
Susan Bell Joanne Ayres-Proctor Brian Ayres
Alison Large Rebecca Baillie Christopher Harris
Claire Moore Justine Boston Fiona Hutchings
Vacancy Kevin Sawers Roger Moran
Vacancy Susan Ward James Roberts
----- End of picture text -----

Elected Trustees from 2025

There are potentially fifteen elected trustees :-

The terms for all the Trustees are as follows: -

----- Start of picture text -----
3 years 2 years 1 year
Brian Ayres Susan Bell Joanne Ayres-Proctor
Fiona Hutchings Alison Large Rebecca Baillie
James Moore Claire Moore Justine Boston
Roger Moran Vacancy Kevin Sawers
Vacancy Vacancy Vacancy
----- End of picture text -----

Our Advisors:
Independent Examiner: Knight Goodhead Limited
7 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3DA
Bankers: HSBC
55 Above Bar Street
Southampton
SO14 7DZ
Investment Managers: CCLA Investment Management Ltd
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Epworth Investment Management Ltd
9 Bonhill Street
Shoreditch
London
EC2A 4PE

3

OBJECTIVES AND ACTIVITIES

The Parochial Church Council of Holy Saviour, Bitterne, has the responsibility in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance and financial responsibilities for Holy Saviour Church and other buildings on site.

Public Benefit Statement

All our activities are undertaken to further our charitable purposes for public benefit. In planning our activities for the year, we have considered the Charity Commission's guidance on public benefit, including the guidance 'Public Benefit: Running a Charity (PB2)' and, in particular, the supplementary guidance on charities for the advancement of religion.

The total number of members on the Electoral Roll as of 31 December 2025 was 156, detailed as follows:-

Living inside the Parish 73 Living outside the Parish 83.

ACHIEVEMENTS AND PERFORMANCE

The full Parochial Church Council held six meetings during the year, with an extraordinary meeting to approve the accounts for 2024.

Some of the significant items discussed and/or implemented by the council are as follows:

Regular reports were considered by PCC from the Property Working Group :-

Regular reports were brought to the PCC on the progress of Site Redevelopment.

Of particular note :-

4

PCC discussed the following: -

PCC approved that we donated cash received over the 24hours of Christmas to various charities. It had been agreed at Standing and Finance that 50/50 donations go to the Winter Beds Project and the DEC Middle East Appeal.

A quiz was organised to raise money for Tearfund.

‘Supported by dedicated programme managers, the Bishop of Southampton will work closely with clergy and parishes across Southampton and Bournemouth to develop deanery-wide mission development plans, to include social and civic impact, revitalisation projects, new worshipping communities and strengthening investment in existing mission and ministry.

These plans are all underpinned by a desire to invest broadly in parish ministry, starting where benefices are and working together to listen and develop interventions that are going to lead to flourishing communities. In very simple terms, we want more ‘flourishing’ and ‘healthy’ benefices and fewer ‘struggling’, and ‘in need of review’ benefices.’

This project was also reported by Steve Spencer from Deanery Synod meetings.

5

Operational Leadership Team

This is a group of key leaders from across the various church ministries that meet regularly to plan, reflect and discuss the day to day aspects of church life – this includes church wardens and church leaders.

Ministry Leadership Team

Relaunching in 2026, the Ministry Leadership Team will pull together ministry leaders and licensed ministers alongside those who lead worship, preach and play an active role in the worship life of the church. This will be a termly meeting with a focus on service planning and review.

Licensed Lay Ministers

Our LLMs are Kim Baillie, Mike Cranston, Jane Fisher, Brian Gaffney and Gareth Wood. Meg Cook has now become an LLM Emeritus whilst still continuing to faithfully serve in the parish.

Licensed Lay Worker

Amanda Wood.

FINANCIAL REVIEW

The PCC recorded a deficit for the year to 31 December 2025 of £70,987 (2024 - £403,829). The income decreased from £319,497 for 2024 to £284,200 for the year to 31 December 2025. Expenditure decreased from £723,326 for 2024 to £355,187 for the year to 31 December 2025.

At 31 December 2025 the funds of the church stood at £750,726 (2024: £821,713), of which £10,365 represents restricted funds (2024: £18,587) and £797,695 represents the value of the church room and car park (2024: £733,612). The General Funds of the church stand at -£57,334 (2024: £69,514). Overall the PCC trustees are satisfied with the position of the PCC.

Investment Powers and Policy

The PCC holds funds which are not in the HSBC bank accounts but are with the Central Board of Finance of the Church of England (CBF).

6

Reserves Policy and Going Concern

In the light of the negative General Fund, the trustees have reviewed and updated the reserves policy and agreed to reduce the target reserve levels to 3 months of sufficient funds to meet the business requirements, based upon our low risk of loss of income. For this purpose, reserves are defined as current assets less current liabilities, which totals £81,410 at 31 December 2025.

The trustees are of the view that the PCC is a going concern.

PLANS FOR 2026 – Growing Deeper as Apprentices of Jesus

As we look ahead to 2026, our focus is clear: to grow and deepen discipleship across every aspect of church life — from our very youngest to our oldest members. We sense the Lord calling us not simply to grow numerically, but to grow spiritually — becoming a church rooted in prayer, formed by Scripture, and shaped by the life of Jesus.

Our vision remains to be a community of apprentices who bring HOPE to Bitterne and beyond. Yet in 2026, we believe this hope must be increasingly visible in lives transformed — people learning to be with Jesus, become like Jesus, and do what Jesus does.

Deepening Discipleship at Every Age

Across all congregations and ministries, we are prioritising intentional discipleship pathways so that everyone — children, youth, adults, and seniors — is growing in faith. We long to see:

Discipleship will not be a programme but a culture — woven into Sunday worship, small groups, pastoral care, hospitality, leadership development, and outreach.

A Renewed Commitment to Prayer

Above all, 2026 will be marked by a deepened commitment to prayer — both corporately and individually. We believe that fruitfulness flows from intimacy with Jesus. Therefore, we are seeking to grow as a praying church:

We desire to be apprentices who truly live from the place of being with Jesus first.

Investing in Children and Families

One of our most significant priorities for 2026 is the recruitment of a new Children and Families Worker. This strategic appointment will help us:

We long to see more families encountering the love of Jesus and finding belonging within our church community.

Renewed Pledge Scheme – Stewardship for the Future

We recognise the ongoing responsibility of repaying our diocesan loan and ensuring the long-term sustainability of our ministry.

7

In 2026 we will launch a renewed pledge scheme, inviting the whole church family to prayerfully consider their financial giving. This will enable us to:

Our giving is an act of worship and trust, and we step forward in faith believing that God will provide through His people.

Growing Our Café and Hospitality Outreach

Hospitality continues to be one of our most fruitful missional spaces. In 2026 we will seek to grow our café outreach through:

These moments create natural, relational opportunities to welcome new people, build friendships, and gently share the hope we have in Jesus.

Strengthening Men’s and Women’s Ministries

We are committed to growing vibrant spaces where men and women can build deep friendships, be encouraged in faith, and be equipped for leadership.

In 2026 we aim to:

Raising New Leaders

Healthy churches develop leaders at every level. Throughout 2026 we will intentionally invest in:

We believe God is calling many to step forward in faith and service.

Looking Ahead with Expectation

We step into 2026 hopeful and expectant — not because of our plans alone, but because of the faithfulness of God. Our deepest prayer is not simply for more activity, but for deeper transformation — a church alive in the Spirit, grounded in Scripture, courageous in mission, generous in giving, rich in hospitality, and devoted to prayer.

8

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

The Parochial Church Council of Holy Saviour, Bitterne is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.

The Parochial Church Council of Holy Saviour, Bitterne is a charity, number 1157949 registered on 22 July 2014.

Recruitment and Appointment of the PCC Trustees

All church attendees are encouraged to register on the Electoral Roll. They are then entitled to stand for election to the PCC.

Trustees' Induction and Training

New trustees receive initial training into the workings of the PCC.

Risk Management

The major risks to which the PCC is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage those risks.

Safeguarding

The PCC having due regard for the House of Bishops Guidance covering safeguarding has standing orders that all trustees, staff and volunteers working with the young and vulnerable are DBS certificated to the required level.

Organisational Structure

The Parochial Church Council has been operating through a Standing and Finance Committee and Working Groups and teams, which meet between Church Councils, as follows:

Standing and Finance Committee

This is the only Committee required by law. It has the power to transact the business of the Church Council between its meetings, subject to any directions given by the Council. It also oversees the finances and helps set the Church Council agendas.

Property Working Group

Oversees the maintenance and long-term improvements of the property.

Publicity & Communications Working Group

Oversees our publicity and communications with the community and within the Church and on the Website.

Social Team

To plan, organise and oversee social events

Technology Working Group - oversees technology in Church i.e. sound, projectors etc.

Mission and Outreach Team

Oversees the contact with and support of the Church’s mission partners abroad as well as local groups: it also recommends to the Church Council the way the mission giving is distributed each year.

9

RESPONSIBILITIES OF THE TRUSTEES

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

The law applicable to charities in England and Wales requires the trustees to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing those Financial Statements the trustees are required to:

Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP (FRS 102). Make judgments and estimates that are reasonable and prudent.

State whether applicable accounting standards have been followed, subject to any 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 business.

The trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity and enabling them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the provisions of the trust deed and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and, hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 30th March 2026

and signed on their behalf by :

SIGN SIGN ............................................................................................................................. Vicar Treasurer

10

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY SAVIOUII B[r￿E I fepNI lo Ihe truslees ￿ my exanination of the axxAmts of Hdy SabKAf. &tteme. for Ihe year &Mled 31 Decembw 2025 sel twton p•Jes 12 kn 26. REWNSI8ILrtlESAND BASIS C REP(XiT s the truslees ofthe tharity Je respJnsUI e ts the olthe XLrJJnts in Iwth Ihts requirements of Ihe Charil'es kt 2011 fft 2011 A£r). I r in resped of my examination of ywr thffjs acJJyJnts as carttèj iyjt uThJer sect￿￿ 145 of the 2011 Ad In ca￿}￿ng tyjl my examinati￿ I hm the t>Je¢j￿ w by the thrity c￿￿￿1$510￿ Und￿s￿tion 145151(bl of Ihe 2011 INDEPENCENT EK4MINER'S STATEIAENT The tharitys gr(w eywJ•J £250,OIYJ kj undert the exanination by i￿n9 a qualitsj ofihe InstibAed li ENj￿d and Wale5. I ha my examinalb)n. l that have cone lo my alleniKm in ￿n￿￿on the examinalhJ wr#J me wse l) thatin IESPXt 118(1￿nts￿ re¢x¥ts were Tr)t W Wi respeLI IA th8 dwity a5 teqillTwJ by $￿tilln 130 d Ihe 2011 Ac( 31 Ihe a￿￿nts do not compdy wilh the reqUire￿￿ts uMwir¥J the form and omtenl of accounts set ¢Jrt in the Chanoes (kc￿jnts Rewts) Re9￿a￿(￿S 21J08 olhw than any requirement Ihal the aC￿ts gb¥e a'l￿ aKI taw lie is as W ofan Inde￿dent I have no c￿e￿n5 come axoss no (ther mrs in oJrrtDLm the examiTrabon to att￿ti￿ slb)uld be in this Iwt in oth k* enatle a wr4v undersththng ol the act4)unts to be C J Goodhead FCA KJJvJhl G(tsJhead Linwted N￿$ F(xd. EasO• 0oW. tl ￿26 11

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
INCOME
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
EXPENDITURE
Charitable activities
5
Total expenditure
NET INCOME FOR THE YEAR
AND NET MOVEMENT IN FUNDS
TRANSFERS BETWEEN FUNDS
15
NET INCOME
NET MOVEMENT IN FUNDS
FUND BALANCES AT 1 JANUARY 2025
FUND BALANCES AT 31 DECEMBER 2025
15		 Unrestricted
Restricted
Total
Total
funds
funds
2025
2024
£
£
£
£
175,279
48,725
224,004
256,056
41,805
13,500
55,305
56,278
3,375
1,516
4,891
7,163
220,459
63,741
284,200
319,497
297,950
57,237
355,187
723,326
297,950
57,237
355,187
723,326
(77,491)
6,504
(70,987)
(403,829)
14,726
(14,726)
-
-
(62,765)
(8,222)
(70,987)
(403,829)
(62,765)
(8,222)
(70,987)
(403,829)
803,126
18,587
821,713
1,225,542
740,361
10,365
750,726
821,713

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

12

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

BALANCE SHEET AS AT 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
11
Deposits
10
Cash at bank and in hand
12
CREDITORS: amounts falling
due within one year
13
NET CURRENT ASSETS
LONG TERM CREDITORS
amounts falling due after more
than one year
14
NET ASSETS
FUNDS
15
Unrestricted
Restricted
TOTAL FUNDS
Approved by the trustees on
and signed on their behalf by:
30th March 2026		 2025
£
£
1,232,534
9,547
80,511
20,537
110,595
(18,820)
91,775
(573,583)
750,726
740,361
10,365
750,726		 2024
£
£
1,211,781
6,385
188,343
32,453
227,181
(68,149)
159,032
(549,100)
821,713
803,126
18,587
821,713

----- Start of picture text -----
SIGN
SIGN
Fiona Hutchings Tony Palmer
Treasurer Vicar
----- End of picture text -----

13

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the Financial Statements are as follows:

Basis of Preparation

The PCC is a public benefit entity within the meaning of FRS 102.

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Church Accounting Regulations 2006.

The Financial Statements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value where applicable.

The Financial Statements include all transactions, assets and liabilities for which the PCC is responsible in law.

They do not include the Financial Statements of Church groups that owe their main affiliation to another body, nor those that are informal gatherings of Church members.

The Financial Statements are prepared in sterling, which is the functional currency of the PCC. Monetary amounts are rounded to the nearest £.

Income Recognition Policies

Grants and donations are recognised when any pre-conditions preventing their use have been met.

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised only when received.

Income Tax recoverable on Gift Aid donations is recognised when the related income is recognised.

Donated services and facilities are included at the value to the PCC where this can be quantified. The value of services provided by volunteers has not been included in these Financial Statements.

Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Rental income from the letting of Church premises is recognised when the rental is due.

Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

14

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES (continued)

Expenditure

Expenditure is recognised on an accruals basis where there is a legal or constructive obligation and settlement is probable and quantifiable. Expenditure includes VAT as the PCC is not VAT registered and is reported as part of the expenditure to which it relates.

(a) Fixed assets

Grants and donations are accounted for when paid over or when awarded, if that award creates a binding obligation on the PCC.

(b) Activities Directly Relating to the Work of the Church

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these Financial Statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

These include those costs associated with meeting the statutory requirements of the PCC.

Fixed Assets

(a) Consecrated Property

Consecrated and beneficed property of any kind is excluded from the statutory definition of 'charity' by section 10(2)(a) and (c) of the Charities Act 2011. All expenditure incurred on consecrated or beneficed buildings is written-off in the year that it is incurred.

(b) Moveable Church Furnishings

Moveable Church furnishings held by the Vicar and Church wardens on special trust for the PCC and which require a faculty for disposal are inalienable property listed in the church inventory. For inalienable property acquired prior to 2014 there is insufficient cost information available and, therefore, such assets are not valued in the Financial Statements. Items acquired since 14 May 2014 are capitalised and depreciated in the Financial Statements over their useful economic life on a straight-line basis.

(c) Other Fixtures, Fittings and Office Equipment

Equipment used within the Church premises is depreciated on a straight-line basis over its useful economic life.

(d) Church Property

Church property is depreciated on a straight-line basis over 50 years.

(e) Capitalisation Threshold

All expenditure incurred on individual fixed assets below £1,000 is written-off in the year that it is incurred.

15

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES (continued)

Deposits

Investments are valued at market value at 31 December where applicable.

Debtors

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectible.

Current Asset Investments and Cash at Bank

Current asset investments and cash include cash held on deposit either with the CBF Church of England Funds, Epworth Investment Management Ltd or at the bank.

Creditors and Provisions

Creditors and provisions are recognised where the PCC has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Taxation

The PCC is exempt from taxation on its charitable activities.

Fund Accounting

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only.

Restricted funds comprise:

Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on average balance basis.

Endowment funds are funds, the capital of which must be retained either permanently or at the PCC's discretion. The income derived from the endowment is to be used as restricted or unrestricted income funds, depending upon the purpose for which the endowment was established in the first place.

Financial Instruments

The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Significant Judgements and Estimates

Preparation of the Financial Statements may require the trustees to make significant judgements and estimates. There are no items in the Financial Statements where judgements and estimates would have a significant effect on amounts recognised in the Financial Statements.

16

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

2 DONATIONS AND LEGACIES
Gift Aid bank orders and cheques (paid direct to church)
Income Tax recovered
Non Gift Aid bank and envelopes
Church collections (cash and card donations)
Donations - Parish Giving Scheme
Donations - Namalemba
Parish activities
Legacies
Redevelopment grants/donations		 2025
2024
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
55,901
-
55,901
63,174
28,919
7,788
36,707
37,434
9,397
-
9,397
5,739
11,135
-
11,135
8,549
64,451
-
64,451
55,828
-
18,187
18,187
7,125
3,127
-
3,127
3,696
2,349
-
2,349
38,930
-
22,750
22,750
35,581
175,279
48,725
224,004
256,056

There were no donated services and facilities receivable which could be quantified in the year (2024 - none).

3 CHARITABLE ACTIVITIES
Church Activities
Weddings and funerals
Hall lettings
Fundraising
Sundry income
Grants received
4 INVESTMENT INCOME
Interest received		 2025
2024
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
19,073
-
19,073
25,294
15,953
-
15,953
8,498
35,026
-
35,026
33,792
6,779
-
6,779
8,986
-
13,500
13,500
13,500
6,779
13,500
20,279
22,486
41,805
13,500
55,305
56,278
2025
2024
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
3,375
1,516
4,891
7,163

17

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

5 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Notes
Grants to Further the Work of the Church
Overseas missions
7
Home missions
Church Expenses
Worship
Parish Share
Youth and Children
Evangelism
Lay training
Weddings and funerals
Parish activities
Depreciation
Property
Heating, lighting and water
Insurance
Property maintenance
Redevelopment costs
Cleaning materials
Loan interest
Management
Staff salaries and oncosts
8
Incumbent and Deacon's expenses
Support and Governance
Support costs
6
Governance costs
6
TOTAL EXPENDITURE		 Unrestricted
Restricted
Total
Total
funds
funds
2025
2024
£
£
£
£
14,313
26,510
40,823
22,750
325
-
325
200
2,479
-
2,479
2,856
76,640
-
76,640
66,778
8,001
1,000
9,001
9,047
187
-
187
227
645
-
645
433
7,143
-
7,143
10,274
10,959
1,000
11,959
11,003
42,726
-
42,726
42,789
14,179
-
14,179
18,056
7,936
-
7,936
7,936
18,756
-
18,756
15,910
-
15,227
15,227
404,570
891
-
891
1,182
36,483
-
36,483
31,749
37,377
13,500
50,877
60,170
1,809
-
1,809
740
13,726
-
13,726
14,019
3,375
-
3,375
2,637
297,950
57,237
355,187
723,326

18

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

6 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

The PCC identifies the costs of its support function. It then identifies those costs which relate to the governance function. The PCC allocates the support and governance costs entirely to unrestricted expenditure.

----- Start of picture text -----
|||||| |---|---|---|---|---| |General|Total|Basis of| |Support|Governance|Funds|Apportionment| |£|£|£| |Office costs|5,087|-|5,087|Usage| |-| |Technology|5,643|5,643|Usage| |-| |Telephone|1,523|1,523|Usage| |Publicity|173|-|173|Usage| |Professional fees|-|735|735|Governance| |Independent Examiner's fee|-|2,640|2,640|Governance| |Bank charges|405|-|405|Usage| |Sundry expenses|895|-|895|Usage| |13,726|3,375|17,101|

----- End of picture text -----

The Independent Examiner's fee for this year is £2,640 (2024: £2,520).

7 GRANTS

----- Start of picture text -----
||| |---|---| |During the year the charity made the following grants of £1,000 or more to organisations:|£| |Bible Society|1,515| |Church Army|1,515| |Church Mission Society|1,515| |Embrace the Middle East|1,515| |FEBA Radio|1,515| |Leprosy Mission|1,515| |Mission Aviation Fellowship|1,515| |Tearfund|1,297| |Namalemba and Bumoozi Church of Uganda|27,235|

----- End of picture text -----

8 ANALYSIS OF STAFF COSTS AND TRUSTEES' REMUNERATION AND EXPENSES

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Salaries and wages|50,877|60,170| |2025|2024| |The average number of employees was:|6|6|

----- End of picture text -----

There were no employees with emoluments in excess of £60,000 (2024 - none). During the year, the PCC employed a parish administrator, a families worker, a finance assistant, a personal assistant, a hall cleaner and a kitchen assistant. The parish administrator, finance assistant and personal assistant were also trustees and together received £27,112 in remuneration and benefits (2024: £21,193). No other trustee received any remuneration.

Four trustees were reimbursed expenses during the year totalling £3,552 for purchases of equipment and supplies (2024: six trustees reimbursed £1,943).

19

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
||||| |---|---|---|---| |9|TANGIBLE ASSETS|Church Room| |Extension|Equipment|Total| |£|£|£| |COST| |At beginning of year|1,075,546|218,163|1,293,709| |Additions|63,479|-|63,479| |At end of year|1,139,025|218,163|1,357,188| |DEPRECIATION| |At beginning of year|42,326|39,602|81,928| |Charge|21,449|21,277|42,726| |At end of year|63,775|60,879|124,654| |NET BOOK VALUE| |At end of year|1,075,250|157,284|1,232,534| |At beginning of year|1,033,220|178,561|1,211,781|

----- End of picture text -----

Consecrated Property

As set out in the Accounting Policies above, consecrated and beneficed property of any kind is excluded from the Financial Statements by the Charities Act 2011.

As a result, the Parish Church (Holy Saviour) is not shown in fixed assets. Expenditure on maintenance or refurbishment of this property is not capitalised but written off in the year that it is incurred. This includes the Stage 2 redevelopment project which was completed during this year.

Church Property

This consists of the Church Room Extension and a MUGA/car park.

The Church Room Extension was constructed over 2021 and 2022 providing facilities for the use of the church and the local community. The title to the property is held by Winchester Diocese in trust for the PCC. It is being depreciated over 50 years.

The MUGA/car park was constructed during 2025 and is owned by the PCC.

Equipment

All non-fixed equipment, greater than £1,000, is being capitalised and depreciated over its useful economic life.

20

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

10 DEPOSITS
Affirmative Fund
Affirmative Fund redevelopment
CCLA funds
11 DEBTORS
Other Debtors
Tax recoverable
12 CASH AT BANK AND IN HAND
Current account
No 2 Account
No 3 Account - Redevelopment
Saving account
13 CREDITORS: amounts falling due within one year
Trade creditors
Taxation and social security
Pensions
Accruals
Other creditors - development
Redevelopment loan - member
Redevelopment loan - diocesan		 2025
£
49,073
-
31,438
80,511
2025
£
6,527
3,020
9,547
2025
£
3,450
10,381
4,181
2,525
20,537
2025
£
3,230
950
-
2,640
-
-
12,000
18,820		 2024
£
57,433
100,834
30,076
188,343
2024
£
3,822
2,563
6,385
2024
£
3,082
18,582
10,789
-
32,453
2024
£
530
1,932
271
2,520
22,896
40,000
-
68,149

21

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

14 CREDITORS: amounts falling due after one year
Redevelopment loan - diocesan		 2025
£
573,583
573,583		 2024
£
549,100
549,100

Redevelopment Loan - Diocesan

In October 2021, the PCC took out a loan with the Diocese of Winchester for £280,000 to assist with financing the redevelopment of the church site, which was extended by £150,000 in July 2023 and a further £119,338 in May 2024. The loan is repayable over a period of 60 months and carries an interest rate of the CCLA CBF Church of England Deposit rate plus 2%. Repayments

commenced on 4 January 2022 but the church was granted a deferment and no payments were due to made during 2023, 2024 or 2025, with repayments resuming in January 2026. The church is currently negotiating with the Diocese about revised repayment terms.

15 ANALYSIS OF CHARITABLE FUNDS

Unrestricted Funds
General Fund
Designated Fund - Church room and MUGA
Restricted funds
Namalemba and Bumoozi Fund
Redevelopment
Youth worker
Legacy - World Church Action Group
Legacy for Seniors Tea
Legacy for Messy Church
Total funds		 Balance at
Transfers
Balance at
1 January
between31 December
2025
Income Expenditure
funds
2025
£
£
£
£
£
69,514
220,459
(258,554)
(88,753)
(57,334)
733,612
-
(39,396)
103,479
797,695
6,905
20,288
(26,510)
-
683
-
29,953
(15,227)
(14,726)
-
-
13,500
(13,500)
-
-
547
-
-
-
547
3,404
-
(1,000)
-
2,404
7,731
-
(1,000)
-
6,731
18,587
63,741
(57,237)
(14,726)
10,365
821,713
284,200
(355,187)
-
750,726

22

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

15 ANALYSIS OF CHARITABLE FUNDS (continued)

Unrestricted Funds

Unrestricted funds comprise those funds which trustees are free to use in accordance with the charitable objects.

Designated Funds

These comprise funds which trustees have set aside for particular purposes. The Church Room and MUGA fund represents the book value of the room and MUGA, less the original portion of the diocesan loan including interest.

Restricted Funds

Restricted funds are funds given for particular purpose and projects. The restricted funds must be used for the specific purpose as laid down by the donor.

The restricted funds comprised:

23

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balances as at 31 December 2025 are represented by:
Tangible fixed assets
Long-term liabilities
Current assets
Current liabilities
Fund balances as at 31 December 2024 are represented by:
Tangible fixed assets
Current assets
Current liabilities
Long-term liabilities		 Unrestricted Designated
Restricted
Total
funds
funds
funds
2025
£
£
£
£
157,982
1,074,552
-
1,232,534
(296,726)
(276,857)
-
(573,583)
(138,744)
797,695
-
658,951
100,230
-
10,365
110,595
(18,820)
-
-
(18,820)
(57,334)
797,695
10,365
750,726
Unrestricted
Restricted
Total
funds
funds
2024
£
£
£
1,211,781
-
1,211,781
208,594
18,587
227,181
(68,149)
-
(68,149)
(549,100)
-
(549,100)
803,126
18,587
821,713

17 TAXATION

As a registered charity, the income is generally exempt from tax by reason of its charitable objects and activities.

18 RELATED PARTY TRANSACTIONS

The church received a grant of £6,000 from Bitterne Educational Trust during the year. The managing trustees of Bitterne Educational Trust are the vicar and churchwardens of Holy Saviour, Bitterne.

The church received a grant of £7,500 from Bitterne Ecclesiastical Trust during the year. The managing trustees of Bitterne Ecclesiastical Trust are the vicar and churchwardens of Holy Saviour, Bitterne.

During the year a total of £1,513 was loaned to one trustee and two relatives of trustees for tickets to New Wine. At the year end, £1,044 of this remained due. This is represented in Other Debtors in Note 11. (2024: £1,943 total loaned to three trustees, with £1,427 remaining due at the year end, and since repaid.)

During the year a total of £4,286 was paid in remuneration and benefits to two relatives of trustees. (2024: £625 to two relatives.)

During the year a total of £2,566 was paid in expenses to four relatives of trustees. (2024: £851 expenses paid to five relatives of trustees.)

24

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

19 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME
Donations and legacies
Charitable activities
Other income
Total income
EXPENDITURE
Charitable activities
Total expenditure
NET INCOME FOR THE YEAR
AND NET MOVEMENT IN FUNDS
TRANSFERS BETWEEN FUNDS
NET INCOME FOR THE YEAR
AND NET MOVEMENT IN FUNDS
FUND BALANCES AT 1 JANUARY 2024
FUND BALANCES AT 31 DECEMBER 2024		 Unrestricted
Restricted Endowment
Total
funds
funds
funds
2024
£
£
£
£
204,706
51,350
-
256,056
42,778
13,500
-
56,278
4,211
2,952
-
7,163
251,695
67,802
-
319,497
651,931
71,395
-
723,326
651,931
71,395
-
723,326
(400,236)
(3,593)
-
(403,829)
7,571
-
(7,571)
-
(392,665)
(3,593)
(7,571)
(403,829)
1,195,791
22,180
7,571
1,225,542
803,126
18,587
-
821,713

25

PAROCHIAL CHURCH COUNCIL OF HOLY SAVIOUR, BITTERNE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

20 MOVEMENT IN FUNDS PRIOR YEAR COMPARATIVE

Unrestricted Funds
General Fund
Designated Fund - Church room
Restricted funds
Namalemba and Bumoozi Fund
Redevelopment
Youth worker
Legacy - World Church Action Group
Legacy for Seniors Tea
Legacy for Messy Church
Endowment funds
Churchyard endowments
Total funds		 Balance at
Transfers
Balance at
1 January
between31 December
2024
Income Expenditure
funds
2024
£
£
£
£
£
459,005
251,695
(613,882)
(27,304)
69,514
736,786
-
(38,049)
34,875
733,612
8,248
8,199
(9,542)
-
6,905
-
46,103
(46,103)
-
-
-
13,500
(13,500)
-
797
-
(250)
-
547
4,404
-
(1,000)
-
3,404
8,731
-
(1,000)
-
7,731
22,180
67,802
(71,395)
-
18,587
7,571
-
-
(7,571)
-
1,225,542
319,497
(723,326)
-
821,713

26