Charity registration number: 1186540
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
**Annual Report and Financial Statements**
**for the Year Ended 31 December 2025**
James Husband Accountancy Services 170 Canford Cliffs Road Poole BH13 7ES
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustee's Report|2 to 5|
|Statement of Trustee's Responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8 to 9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 20|
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Reference and Administrative Details**
**Charity Registration Number** 1186540 **Principal Office** Parish Office St Francis Church 470-478 Charminster Road Bournemouth BH8 9SH **Independent Examiner** James Husband Accountancy Services 170 Canford Cliffs Road Poole BH13 7ES
Page 1
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Trustees' Report**
The members present the annual report together with the financial statements of the charity for the year ended 31 December 2025.
## **Objectives and activities**
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustee, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
The trustees present their report for the year to 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Church Representation Rules, the Charities Act 2011 and “Accounting Reporting by Charities: Statement of Recommended Practice applicable to the Charities Act 2011 and “Accounting..
## **Objectives and Activities**
The PCC’s general functions are set out in the _Parochial Church Council (Powers) Measure 1956,_ section 2 “It shall be the duty of the minister and the PCC to consult together on matters of general concern and importance to the parish”
Page 2
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Trustees' Report (continued)**
The functions of the PCC are:
- Co-operation with the minister (i.e. the Rector) in promoting in the parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical”. The Church is called to be _pastoral-_ to look after individual people, to be _evangelistic -_ to tell people the Good News and invite them to accept it;
- • to be _social-_ to help the poorer members of society and those suffering from racial, economic and other forms of injustice; and to be _ecumenical_ – to encourage good relations with other Christian denominations. The PCC’s primary objective is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
- The consideration and discussion of matters concerning the Church of England or any other matters of religious or public interest, but not the declaration of the doctrine of the Church on any question
- Making known and putting into effect any provisions made by the Diocesan Synod or the Deanery Synod but without prejudice to the powers of the council on any particular matter.
- Giving advice to the Diocesan Synod and the Deanery Synod on any matter referred to the council
- Raising such matters as the council consider appropriate with the Diocesan Synod or the Deanery Synod.
This shows the link between the PCC, the Deanery Synod and the Diocesan Synod. Each PCC has on it one or more members of the Deanery Synod who act as a link between the Deanery Synod and the council.
## _Public Benefit_
The trustees have paid due regard to guidance issued by the Charities Commission in deciding what activities the PCC should undertake.
## **Financial Review**
_**This is the second ‘annual’, financial report for the new Parish of Four Saints. It actually covers the 12 month period from 1 January 2025 to 31 December 2025. (NB** The figures shown on the financial summary page cover the 15 months from the creation of the Parish of Four Saints (1 October 2023) through to 31 December 2024, so are not directly comparable._
## **Overview**
Total income **£294,236**
Total expenditure **£337,850**
Annual deficit excluding investment variations **£43,614**
Net decrease in invested funds **£10,238**
Total funds held by the Parish **£475,017**
## **Significant items**
- Planned Giving: 2% increase in average monthly giving
- Legacies: significantly down at £705, compared to £15,539 in 2023/4
- Grants: £1310 received from DCMS compared to £7.127 in 2023/4 (VAT on listed buildings)
- Common Mission Fund of £89,407 was paid in full to the Diocese
Page 3
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Trustees' Report (continued)**
- Premises hire had a net surplus of just under £70,000, marginally higher pro rata than 2023/4 £30,416
- • was spent on major repair/upgrade projects, including: lightning conductor repairs, boiler and door repairs at St Francis, plaster repairs at St John’s and work on the St Luke’s Project (new access and path, new servery)
- Investments didn’t perform well, losing some £10,238 in value during the year
- £25,000 was withdrawn from the unrestricted investments in December to cover the deficit
£30,016 was spent on major repair/upgrade projects, including: lightning conductor repairs, boiler and door repairs at St Francis, plaster repairs at St John’s and work on the St Luke’s Project (new access and path, new servery)
## **Year end situation**
- Deficit on "day to day" activities (i.e. excluding major/one-off repairs) - £13,553.
- Overall deficit for the year - £53,852
- As at 31 December 2025, our unrestricted funds totalled £93,184, with a further £17,911 held as restricted funds and £363,922 in endowment funds*
- Our total net assets were £475,017 compared to £528,869 at the end of 2023/24.
Our original budget for 2025 anticipated a deficit on our day-to-day activities of some £29,000. We managed to reduce this to just under £12,500
## **Endowment funds***
The PCC agreed to work with specialists at Lester Aldridge solicitors and use their advice to help us unlock our endowment funds. The cost of the work was £7,114. A submission was made on 19 December 2025 to the Charity Commission, applying to release the capital from these funds alongside any restrictions that may have associated with them.
## **Church of England Pension Liability**
We have heard nothing since the original query in 2021. However we are still showing the liability of £22,000 in the accounts.
## **Structure, governance and management**
Parochial Church Councils were given a legal status for the first time under the _Church of England Assembly (Powers) Act 1919_ and by the _Parochial Church Councils (Powers) Measure 1921_ . A Parochial Church Council is a body corporate which means the PCC is a separate body from the people who serve on it and no-one on the PCC can be made liable for its debts.
Being a body corporate also means that a change in membership of the PCC does not affect the PCC’s liability for its debts. Each new PCC should honour the contracts undertaken by the previous PCC.
## **Trustees** :
## **Ex office : Licensed clergy**
Rev'd Canon Michael Smith
Rev’d Lorraine Kingsley
Rev’d Dr Rob Sawdy
Rev'd James Sharp
Page 4
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Trustees' Report (continued)**
Rev’d Renate Tulloh Rev'd Jonathan Williams (until 1 June 2025) **Licensed lay ministers** Pauline Collins Andy Roberts **Churchwardens** Kate Bicknell Alun Williams (until 27 April 2025) Julia Young (from 27 April 2025) **Deanery Synod reps.** Sara Fursdon Karen Gillis Michael Guest (until 8 September 2025) Alice Kerley **Elected PCC Trustees** Mary Apperley Peter Barham (until 27 April 2025) Steve Bicknell Jill Crewe (also Safeguarding Officer) Susie Darling Mavis Driver India Farrow (until 27 April 2025) Martin Jennings Viv Kingston Nina Laing Matthew Moorhouse (from 27 April 2025) Graham Nettleton Bridget Seve Mike Stuckey (until 27 April 2025) Alan Turle (from 27 April 2025) Sheila Vivian Alun Williams (from 27 April 2025)
The annual report was approved by the members of the charity on 28 March 2026 and signed on its behalf by:
## Type text here
......................................... Rev'd Canon Michael Smith Trustee/Chair
Page 5
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Statement of the Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustee 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 these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The member is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 28 March 2026 and signed on their behalf by:
......................................... Rev'd Canon Michael Smith Trustee/Chair
Page 6
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Four Saints for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the PCC and The Parochial Church Council of the Ecclesiastical Parish of Four Saints you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Parochial Church Council of the Ecclesiastical Parish of Four Saints's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since The Parochial Church Council of the Ecclesiastical Parish of Four Saints's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of The Parochial Church Council of the Ecclesiastical Parish of Four Saints as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
James Husband Accountancy Services Ltd
170 Canford Cliffs Road Poole BH13 7ES
28 March 2026
Page 7
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Statement of Financial Activities for the Year Ended 31 December 2025**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total Expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
-
110,459
-
154,583
-
13,571
-
1,646
-
280,259
-
(67,844)
-
(244,727)
-
(312,571)
-
4,514
-
(27,798)
-
(27,798)
10,357
110,625
10,357
82,827|**Restricted**
**funds**
**£**
13,977
-
-
-
13,977
-
(25,279)
(25,279)
(120)
(11,422)
(11,422)
29,333
17,911|**Endowment**
**funds**
**Permanent**
**£**
-
-
-
-
-
-
-
-
(14,632)
(14,632)
(14,632)
378,554
363,922|**Total**
**2025**
**£**
124,436
154,583
13,571
1,646|
|---|---|---|---|---|
|||||294,236|
|||||(67,844)
(270,006)|
|||||(337,850)
(10,238)|
|||||(53,852)|
|||||(53,852)
528,869|
|||||475,017|
The notes on pages 11 to 20 form an integral part of these financial statements. Page 8
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Statement of Financial Activities for the Year Ended 31 December 2025 (continued)**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Gains/losses on investment assets
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**funds**
**£**
150,717
199,156
16,659
267
366,799
(90,741)
(323,369)
(414,110)
-
(47,311)
3,884
(43,427)
164,408
120,981|**Restricted**
**funds**
**£**
6,975
-
-
-
6,975
-
(1,788)
(1,788)
-
5,187
7,212
12,399
16,935
29,334|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
31,933
31,933
-
31,933
346,621
378,554|**Total**
**2024**
**£**
157,692
199,156
16,659
267|
|---|---|---|---|---|
|||||373,774|
|||||(90,741)
(325,157)|
|||||(415,898)
31,933|
|||||(10,191)
11,096|
|||||905
527,964|
|||||528,869|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 17.
The notes on pages 11 to 20 form an integral part of these financial statements. Page 9
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **(Registration number: 1186540) Balance Sheet as at 31 December 2025**
|**Note**
**Fixed assets**
Tangible assets
12
Investments
13
**Current assets**
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Net assets**
**Funds of the charity:**
**Endowment funds**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
17|**2025**
**£**
11,069
456,344
467,413
4,372
42,666
47,038
(39,434)
7,604
475,017
363,922
17,911
93,184
475,017|**2024**
**£**
12,059
491,582|
|---|---|---|
|||503,641|
|||1,283
63,121|
|||64,404
(39,176)|
|||25,228|
|||528,869|
|||378,554
29,334
120,981|
|||528,869|
The financial statements on pages 8 to 20 were approved by the trustees , and authorised for issue on 28 March 2026 and signed on behalf by:
......................................... Rev'd Canon Michael Smith Trustee/Chair
The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Parochial Church Council of the Ecclesiastical Parish of Four Saints meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Investment income**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 11
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 12
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Endowment funds are subject to specific conditions by the donors that the capital must be maintained by the PCC
## **Pensions and other post retirement obligations**
The charity operates a defined benefit pension scheme.Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations and gifts
Legacies receivable
Grants, including capital grants;
Grants including recurring and
one-off
**Total for 2025**
**Total for 2024**|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
-
107,998
-
705
-
1,756
-
110,459
6,473
144,244|**Restricted**
**funds**
**£**
13,977
-
-
13,977
6,975|**Total**
**funds**
**£**
121,975
705
1,756|
|---|---|---|---|
||||124,436|
||||157,692|
Page 13
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **3 Income from charitable activities**
|Weddings and funeral income
Fundraising activities
Social events income
**Total for 2025**
**Total for 2024**
**4**
**Investment income**
Income from dividends;
Dividends and Trust income
**Total for 2025**
**Total for 2024**
**5**
**Other income**
**Other Income**
Other Income
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
9,083
128,654
16,846
154,583
199,156
**Unrestricted**
**funds**
**General**
**£**
13,571
13,571
16,659
**Unrestricted**
**funds**
**General**
**£**
1,646
1,646
267|**Total**
**funds**
**£**
9,083
128,654
16,846|
|---|---|---|
|||154,583|
|||199,156|
|||**Total**
**funds**
**£**
13,571|
|||13,571|
|||16,659|
|||**Total**
**funds**
**£**
1,646|
|||1,646|
|||267|
Page 14
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **6 Expenditure on raising funds**
## **a) Costs of generating donations and legacies**
|Fundraising costs
Social events costs
**Total for 2025**
**Total for 2024**
**7**
**Expenditure on charitable activities**
Donations to home charities
Common mission fund
Clergy and staff expenses
Children/youth work
Church running expenditure
Utility charges
Weddings and funeral fees
Accountancy fees
Repairs and maintenance
Depreciation and impairment
Staff costs
**Total for 2025**
**Total for 2024**|**Note**
**Unrestricted**
**funds**
**General**
**£**
30
89,408
4,418
2,056
62,031
22,026
3,643
1,350
12,061
2,046
45,658
244,727
323,369|**Unrestricted**
**funds**
**General**
**£**
59,054
8,790
67,844
90,741
**Restricted**
**funds**
**£**
7,279
-
-
-
-
-
-
-
18,000
-
-
25,279
1,788|**Total**
**funds**
**£**
59,054
8,790|
|---|---|---|---|
||||67,844|
||||90,741|
||||**Total**
**funds**
**£**
7,309
89,408
4,418
2,056
62,031
22,026
3,643
1,350
30,061
2,046
45,658|
||||270,006|
||||325,157|
## **8 Net incoming/outgoing resources**
Net outgoing resources for the year include:
|Depreciation of fixed assets|**2025**
**£**
2,046|**2024**
**£**
2,865|
|---|---|---|
Page 15
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **9 Trustee remuneration and expenses**
One of the trustees was paid remuneration from employment with the charity in their role as Facilities Administrator and Coordinator on a part-time basis. The remuneration was not in connection with their role as a trustee (£8,605)
Nine trustees were reimbursed expenses totalling £16,766 (£5,057)
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2025**
**£**
45,228
430
45,658|**2024**
**£**
72,603
834|
|---|---|---|
|||73,437|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Employees|**2025**
**No**
4|**2024**
**No**
5|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 16
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **12 Tangible fixed assets**
|**Cost**
At 1 January 2025
Additions
At 31 December 2025
**Depreciation**
At 1 January 2025
Charge for the year
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024
**13 Fixed asset investments**
Opening balance
Additions
Valuation changes
Disposals
Closing balance
**14 Debtors**
Trade debtors
**15 Cash and cash equivalents**
Cash at bank|**Fixtures and**
**fittings**
**£**
3,475
1,056|||**Audio**
**equipment**
**£**
17,611
-||**Total**
**£**
21,086
1,056
22,142
9,161
1,912
11,073
11,069
11,925
**2024**
**£**
395,368
76,372
49,842
(30,000)
491,582
**2024**
**£**
1,283|
|---|---|---|---|---|---|---|
||4,531|||17,611|||
||852
517|||8,309
1,395|||
||1,369|||9,704|||
||3,162|||7,907|||
||2,623|||9,302|||
|||||**2025**
**£**
491,582
-
(10,238)
(25,000)
456,344
**2025**
**£**
4,372
**2025**
**£**
42,666|||
||||||||
||||||||
|||||||**2024**
**£**
63,121|
Page 17
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **16 Creditors: amounts falling due within one year**
|Other creditors
Accruals|**2025**
**£**
28,271
11,163
39,434|**2024**
**£**
29,506
9,670|
|---|---|---|
|||39,176|
## **17 Funds**
|**Unrestricted funds**
General
Designated
**Total unrestricted funds**
**Restricted funds**
Permanent
**Total funds**
**Unrestricted funds**
General
Designated
**Total unrestricted funds**
**Restricted funds**
Permanent
**Total funds**|**Balance at 1**
**January**
**2025**
**£**
110,625
10,357
120,982
29,333
378,554
528,869
**Balance at 1**
**January**
**2024**
**£**
164,408
-
164,408
16,935
346,621
527,964|**Incoming**
**resources**
**£**
280,259
-
280,259
13,977
(14,632)
279,604
**Incoming**
**resources**
**£**
360,326
6,473
366,799
6,975
31,933
405,707|**Resources**
**expended**
**£**
(312,571)
-
(312,571)
(25,279)
-
(337,850)
**Resources**
**expended**
**£**
(414,110)
-
(414,110)
(1,788)
-
(415,898)|**Other**
**recognised**
**gains/(losses)**
**£**
4,514
-
4,514
(120)
-
4,394
**Transfers**
**£**
-
3,884
3,884
7,212
-
11,096|**Balance at**
**31**
**December**
**2025**
**£**
82,827
10,357|
|---|---|---|---|---|---|
||||||93,184
17,911
363,922|
||||||475,017|
||||||**Balance at**
**31**
**December**
**2024**
**£**
110,624
10,357|
||||||120,981
29,334
378,554|
||||||528,869|
Page 18
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
The specific purposes for which the funds are to be applied are as follows:
Endowment funds represent assets which must be held permanently by the PCC. Income arising on the endowment funds can be used in accordance with the objects of the PCC and is included as unrestricted income. Any capital gains or losses on the assets form part of the find.
## **18 Restricted funds**
The restricted funds of the charity comprise the enexpended balances and donations and grants held on trust subject to specific conditions by donors as to how they are used.
|130 CBF Organ Fund
St Lukes Project
Audio Funds
Churchyard Fund
St Johns Bells
Local Vocals
Childrens Party
PTZ Camera
Emergency Fund
Soup Run
Helpful Hounds
St Francis Restricted
Funds
A Rocha
MacMillan
Christian Aid
Big Brew
Chrildrens Society
Hope for Food|**Balance at**
**January**
**2025**
**£**
3,006
13,000
1,891
100
100
1,458
1,480
1,000
40
73
(25)
7,212
-
-
-
-
-
-
29,335|**Incoming**
**resources**
**£**
-
5,000
588
-
-
1,685
1,319
-
236
-
-
-
90
779
3,189
202
133
755
13,976|**Resources**
**expended**
**£**
**Gains and losses**
**£**
-
(122)
(18,000)
-
-
-
-
-
-
-
(852)
-
(1,002)
-
-
-
(276)
-
-
-
-
-
-
-
(90)
-
(779)
-
(3,189)
-
(202)
-
(133)
-
(755)
-
(25,278)
(122)|**Balance at**
**December**
**2025**
**£**
2,884
-
2,479
100
100
2,291
1,797
1,000
-
73
(25)
7,212
-
-
-
-
-
-|
|---|---|---|---|---|
|||||17,911|
Page 19
## **The Parochial Church Council of the Ecclesiastical Parish of Four Saints**
## **Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)**
## **19 Analysis of net assets between funds**
|Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
11,069
81,940
39,609
(39,434)
93,184
**Unrestricted**
**funds**
**General**
**£**
12,059
102,426
45,672
(39,176)
120,981|**Restricted**
**funds**
**£**
-
10,482
7,429
-
17,911
**Restricted**
**funds**
**£**
-
10,602
18,732
-
29,334|**Endowment**
**funds**
**Permanent**
**£**
-
363,922
-
-
363,922
**Endowment**
**funds**
**Permanent**
**£**
-
378,554
-
-
378,554|**Total funds at**
**31 December**
**2025**
**£**
11,069
456,344
47,038
(39,434)|
|---|---|---|---|---|
|||||475,017|
|||||**Total funds at**
**31 December**
**2024**
**£**
12,059
491,582
64,404
(39,176)|
|||||528,869|
## **20 Related party transactions**
Transactions with related parties
The details of related party transactions that have taken place during the year are shown in note 9
Page 20