| Page | |
|---|---|
| Trustees'Annual Report | l-10 |
| IndependentExaminer's Report | 11 |
| StatementofFinancialActivities | t2 |
| BalanceSheet | 13 |
| Notesto theFinancialStatements | t4-24 |
| REFERENCE ANDADMINISTR | ATIVE INFORMATION |
|---|---|
| CharityName: | The Parochial ChurchCounciloftheEcclesiasticalParishof |
| StMichaeltheArchangel, Southampton | |
| RegisteredCharityNumber: | I 180694 |
| Incumbent, | *ev'dCanonDavid Miller |
Vicarand Chairman |
|
|---|---|---|---|
| Other Clergy: | Rev'd PhilipHand | Non-Stipendiary | |
| LicencedLay Minister: |
MrDuncan Bradley | ||
| Churchwardens: | MrsPamelaHand | Vice Chair | |
| Mrs AlexandraStokes | |||
| DeputyChurchwardens: | NrNeilGiles | ||
| MrMafihewRead | |||
| DrStephenWhitaker | AppMay2025 |
| DeanerySynod Representatives: |
MrsRachelHomsby MrAlistairStokes |
AppMay2025 | |
|---|---|---|---|
| OtherElected | MrColinBleach | Treasurer | |
| . | Mrs Loma Brown | ||
| MissJuneEffemey MrNeilGiles |
AppMay2025 | ||
| Mrs MarianHubble | ResMay2025 | ||
| MrMatthewRead | |||
| MrChristopher Ricketts MissKathSingleton |
ResMay2025 | ||
| DrStephenWhitaker | |||
| PCCSecretary | Mrs Jillianepackard | AppMay2025 | |
| Safeguarding | Mrs Loma Brown | ||
| Officer: | |||
| Our Advisors: | |||
| Independent Examiner: |
Abraham&Dobell 230 ShirleyRoad |
||
| Southampton | |||
| SOI5 3HR | |||
| Bankers: | CAFBankLtd | ||
| 25KingsHillAvenue | |||
| KingsHill | |||
| WestMalling | |||
| Kent | |||
| MEl94JQ | |||
| Investment Managers: |
CCLAInvestment Management Ltd |
||
| OneAngelLane | |||
| London | |||
| EC4R3AB |
| 2025 | 2024 | |
|---|---|---|
| f | f | |
| Totalincome Totalexpenditure Netgains/(losses)on investment |
76,820 78,418 (43s) |
92,942 91,843 43s |
| Netincome/(expenditure)fortheyear | f.(2,033)f.1,534 |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted NotesFunds g |
Restricted Funds f |
Total Funds ff |
Total Funds |
||
| INCOME Donationsand legacies Charitable activities Investment income Other income |
2 3 4 5- |
67,356 4,325 1,718 |
2,788 633 |
70,144 4,325 2,351 _ |
79,789 4,953 2,805 s?qs |
| TOTALINCOME | 73,399 | 3,421 | 76,820 | 92,942 | |
| EXPBNDITURE Raising funds Charitable activities |
28 78,390 |
28 78,390 |
618 91,225 |
||
| TOTALEXPENDITURE | 78,418 | 78,418 | 91,843 | ||
| NETGArNS/(LOSSES)ON IN\rESTMENTS |
(43s) | (435) | 435 | ||
| NETINCOMEFORTHEYEAR | (5,019) | 2,986 | Q,03t_) | 1,534 | |
| TRA}{SFER BETWEENFUNDS | 17 | ||||
| NETMOVEMENT INFUNDSFOR | (5,019) | 2,986(2,033)1,534 | |||
| THE YEAR | |||||
| RECONCILIATIONOF FUNDS Totalfunds broughtforward |
86,89720,173107,070 | 105,536 | |||
| Totalfunds carriedforward | f,81,878 | f23,159f 105,037f.107,070 |
| 2025 | 2024 | |||
|---|---|---|---|---|
| Notef,fff | ||||
| FIXEDASSETS | ||||
| Investmentassets | l0 | 17,656 | 18,091 | |
| TOTALFIXEDASSETS | 17,656 | 18,091 | ||
| CURRENTASSETS | ||||
| Investments Cashatbankandinhand |
11 12 |
2,715 89,514 |
2,082 90,888 |
|
| TOTALCURRENTASSETS | q)))q | 92,970 | ||
| LIABILITIES | ||||
| Creditors: Amounts fallingduewithin one year |
13 | 4,848 | 3,991 | |
| NETCURRENTASSETS | 87,381 | 88,979 | ||
| TOTALASSETS LESSCURRENTLIABILITIES/ | ||||
| TOTALNETASSETS | 15 | LIO5,O37 | f,IO7,O7O | |
| THEF'UNDSOFTHECHARITY | 16 | |||
| Unrestricted income funds | 81,878 | 86,897 | ||
| Restricted income funds | 23,159 | 20,173 | ||
| TOTAL CHARITYFTINDS | f.105,037 | f.107,070 |
| DONATIONS ANDLEGACIES | |||
|---|---|---|---|
| 2025 2024 |
|||
| Unrestricted | Restricted | Total Total |
|
| Funds t |
Funds f, |
FundsFunds ff. |
|
| Plannedgiving Income Taxrecoverable Collections(openplate)atallservices Sundry donations |
36,470 10,477 7,936 9,346 |
401 2JJs;_ |
36,47035,309 10,878I1,182 7,936 8,714 11,73311,122 |
| Legacies Grants |
3,127 | - 10,622 3,127 2,840 |
|
| f.67,356 | f2,788 | f70,144f7g,7gg |
| CHARITABLEACTIVITIES | |||
|---|---|---|---|
| 2025 | 2024 |
||
| UnrestrictedRestricted | Total | Total | |
| FundsFunds | Funds | Funds | |
| ft | ff | ||
| Fees | 1,759 | 1,759 | 2,298 |
| Church lettingsetc | 780 | 780 | 1,237 |
| Parish retreat | 270 | 270 | |
| Other activities togeneratefunds | 1,516 | 1,516 | 1,419 |
| f.4,325 | f.4,325 | f.4,954 |
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 202s | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| ff | ff | |||
| Dividendsfrominvestments | 534 | 534 | 482 | |
| Bankinterest and interestfrominvestments | 1,718 | 99 | 1,817 | 2,323 |
| f1,718 | f633 | f2,351 | f2,805 |
| OTHER | INCOME | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| f. | f, | ft | |||
| lnsurance | claims | f5,395 |
| ANALYSISOFEXPENDITUREO | NCHARITABLEA | CTIVITIES | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| X'unds | Funds | Funds | Funds | |
| t | f | fg | ||
| Donations Parishshare Clergyexpenses Church runningexpenses Churchmaintenance Upkeepofservices Majorrepairs andbuildingwork Salaries/organist/cantores |
7,544 26,021 t4 17,530 7,682 4,792 5,761 10,950 |
1,544 26,021 14 17,530 7,682 4,782 5,761 10,950 |
2,467 30,613 16 15,958 3,205 6,320 21,930 8,020 |
|
| Parish retreat | s00 | 500 | ||
| Supportcosts Governance costs |
2,574 1,092 |
2,514 1,092 |
1,652 1,044 |
|
| f78,390 | f.- | f78,390f91,225 |
| unrestricted expenditure (note 6). | ||||
|---|---|---|---|---|
| General | Total | Basisof | ||
| Support f |
Governance tf |
Funds | Apportionment | |
| Officeexpenses | 2,514- | 2,514 | Usage | |
| Professionalcosts | 8s2 | 8s2 | Governance | |
| PCC meetingshall hire | 240 | 240 | Governance | |
| f2,514 | f. | ,092 | f3,606 |
| GAINSOR LOSSES ONINVESTMENT | ||
|---|---|---|
| 2025 | 2024 | |
| f | f | |
| Unrealisedgain(loss)onCBFInvestment | f.(43s) | f435 |
| INVESTMENTASSETS 10. |
|||
|---|---|---|---|
| Holding | MarketValueat 31 | December 2025 | |
| g | |||
| CBF Fixed Interest CBFInvestment Fund |
2,999units 589units |
@ @ |
f.t.52774,581 f22.198313,075 |
| f.17,656 | |||
| Holding | MarketValueat 31 | December 2024 | |
| f, | |||
| CBFFixed Interest CBFInvestmentFund |
2,999units 589units |
@ @ |
t1.49124,472 f23.1227t3,619 |
| f18,091 | |||
| I1.INVESTMENTS | 2025 2024 ff, |
||
| CBFDepositFunds | f2,715f2,082 | ||
| 12.CASHAT BANKANDIN HAND | |||
| 2025 2024 |
|||
| g f |
|||
| CAF Bank | f89,514 f90,888 |
| CREDITORS:Amounts fallingduewithinoneyear | ||
|---|---|---|
| 2025 | 2424 | |
| ff | ||
| Other creditors | 5 | |
| Accruals | 4,843 | 3,991 |
| f,4,848 | f3,991 |
| FINANCIALINSTRUMENTS | ||
|---|---|---|
| Financial instrumentsmeasuredatamortisedcostcomprisethefollowing: | 2025 | 2024 |
| f, | f, | |
| Financialassetsthataredebtinstruments | ||
| Financialliabilitiesthataredebtinstruments | 4,84; | 3,991 |
| ANALYSISOF II-ET ASSETS | BY FUND | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| f | f | f | f | |
| Investmentassets | 17,656 | 17,656 | 18,091 | |
| Currentassets | 86,726 | 5,503 | 92,229 | 92,970 |
| Currentliabilities | (4,848) | (4,848) | (3,991) | |
| f81,878 | f23,759f.105,037 | f"107,070 |
| ANALYSISOFCHARITABL | BFUNDS | ||||
|---|---|---|---|---|---|
| Investment | |||||
| At | Incoming | Outgoing | Gains/ | At | |
| 01.01.25 f |
Resources f |
Resources f |
(Losses) f |
31.12.25 f |
|
| Analysis of Movementsin | |||||
| UnrestrictedFunds | |||||
| Generalfunds | 69,028 | 71,165 | 72,657 | 67,536 | |
| Designated funds | |||||
| Fabric Fund | 17,869 | 2,234 | 5,761 | 14,342 | |
| Total UnrestrictedFunds | 86,897 | 73,399 | 78,418 | 81,878 | |
| Analysis of Movementsin | |||||
| Restricted Funds MichaelAlderson |
20,773_ | OJJ | (435)20,371 | ||
| RoofFund | 2,423 | - | 2,423 | ||
| GhanaFund | 365 | - | 365 | ||
| TotalRestricted Funds | 20,173 | 3,421 | (435)23,t59 | ||
| TotalFunds | f.107,070 | f76,820 | f78,418 | ,(435)f105,037 |