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||Page|
|---|---|
|Trustees'Annual Report|l-10|
|IndependentExaminer's Report|11|
|StatementofFinancialActivities|t2|
|BalanceSheet|13|
|Notesto theFinancialStatements|t4-24|
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|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|
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|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|||
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||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||
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|||||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|||
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||||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|
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|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|
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|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|
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|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|
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|OTHER|INCOME|||||
|---|---|---|---|---|---|
|||||2025|2024|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|||f.|f,|ft||
|lnsurance|claims||||f5,395|
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|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||
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|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||
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|GAINSOR LOSSES ONINVESTMENT|||
|---|---|---|
||2025|2024|
||f|f|
|Unrealisedgain(loss)onCBFInvestment|f.(43s)|f435|
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|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|
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|CREDITORS:Amounts fallingduewithinoneyear|||
|---|---|---|
||2025|2424|
||ff||
|Other creditors|5||
|Accruals|4,843|3,991|
||f,4,848|f3,991|
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|FINANCIALINSTRUMENTS|||
|---|---|---|
|Financial instrumentsmeasuredatamortisedcostcomprisethefollowing:|2025|2024|
||f,|f,|
|Financialassetsthataredebtinstruments|||
|Financialliabilitiesthataredebtinstruments|4,84;|3,991|
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|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|
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|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||
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