Charlty r•gl•tratlon number 118W66 PAROCHIAL CHURCH COUNCIL OF ST MARGARETS SOUTHSEA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S SOUTHSEA CONTENTS P•g• Ind•p•ndgnl rgp Slalomonl of11nan¢lal a¢lMI•s 9-10 Bal she 11 Nota8 kn th• fiMnc#al 8ta&•m 12-23
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA PCC MEMBERS REPORT FOR THE YEAR ENDED 31 DECEMBER 20A'5 The rn•mber5 of St Margar•Vs ParrAK Churth cou1 {PCC} submrt Annu RoF(fft aThJ the flnan¢l statsmants for the yoar ond8(131st Dewnber 2025. The accounts have bb&n kygpared in acc4)rdanc wlth 1he accountry policies set oul in rK)te 1 to th8 )unts and CMWY WIV) th¢ govgmry regulat)ns. the Charities Act 2011 and Acc¥>JntThJ ant1 Report1 by Chaiiles.. Stat)ent of Recommended Practre 8pplie8ble lo ch8Fiti•s preparing thelr ac¢))unts kn 8c¢Ml4n¢e with the R8Falno St8Thlard app11¢8ble In the UK ond Rewtllc of Irdand (FRS 102) leffeLtive l Januory 20191. Loc•tlon St MargareV$ Church athlress is HigN8ThY Road. Scrtthsoa Hants P04 90D. tts bwk •re held wilh Uoyd& Bank Flc. and CarpÈntsT Box. Charter&J k£wntonts exarS ils aco)unts. B¢kgrwnd St M8nJar•8 PCC has wporBiblity for prc¥llolkng thln th• Kclo8Wcal p8rknh ts mL88kn of thg Churth: pastor¥l, evangeltl¢. so¢lal and ecumenThl. It Is a o)rpor8te bc#Jy 88tsLI18hgd by th8 Church of Ewnd. Th• PCC opgrat08 der I Pwochl81 Chureh Counal Powers Measw. l Marg8r¢t$ riSh fan8 th& Dioctt• of PTh1smoth. Tl p#riih m9k8s an anrvJal ¢ontributlon, fthe p31ish sh8re'l. IÈ used to pay ckngy 6tip8rnts, to fund dlcK8H.I mini81ri08 that supwi thè padsh and for dioc8J8n and gen&ro1 synod costs. The dlocese appoffits th• panth d.3rgy. Ct Mar98rnf8 PCC bs a th•rity- r•gistr•tiM 189666. Publk B•n•fft The PCC ¢tyry>11g(I wlth Ihe duty In th• Chwlfj•s A¢1 2011 to hav• Tagwd to publk befft guldonc• publ58 by th8 Ch81ty Comm158bn. Il•mboY•Np of th• ChUh I he Eloral R¢xl for 202S stood 4180 fflb. 88 rep1] by Phiw Dwnon. Elethl Rou Offic•r. <lp•r411¢)n ol th• Parochlal Chur¢h Coun¢ll I'he PCC was elgctsd 4t the APCM on 111h May 2025 30 ffK..mt in 8ttondanc4. A8 the electoral rdl riUmr 8t Ihè méétirs SId at 80 poopl8 ther• w¢r $pace8 for nire membern to bè elected its the PCC. Two ( urrent membtrn r£ffjtinu lo swve leaving Ven v#onci08. SIX 1icrfnlnatts w•r• r•e•ld, a1 th8y Ire '.uly elect•d. Th181oft vacancy. A p1 PCIA nomlnAkn ¥v•s for o D&8nwy Synud r•pr•#gntatfv•. I"h¢ PCC m81 fivo Ilm•s OJrfr•J the year. .nd1Th0 & Fln•nc• Comffl iThis commmee •Ksts by law vthh FK)W to trnnsaet Ihe Lwwness of tt.e PCC baiw••n ma•Uny5. 11 also conslder8 financ4al na8ds, Ilndudtng prepaTaOon ol annual PCC biidgatl. r.lans PCC me•Ong *Jonda¥. and makes recomThndaUon3 lor PCC nSIderaon 88 rt sees fft. Fts membE rshlp c¥ryr160d th8 Curalg, tho Prlgst In (:hargo, Ihe Churth WArden$. the Treasurer. one Tnte91PCc and the Secretary. The Standirvj and I..inan cm1¥t rnet fNe Ilrnes thJring th¢ Yr.
PAROCHIAL CHURCH COUNCIL OF ST MARGAREf's SOUTHSEA PCC MEMBERS REPORT (coKnNUEO) FOR THE YEAR ENDED 31 DECEMBER 2025 RElnEW C THE YEAR 2025 Illn14try: Thwv Is lots to Ml•brnts al>oul 2025 St M8rgar8Vs L8 eulklk¥J c4Jmmunrty vlth Je¥us at Lnlm'. Our ¥alLb•8 ore to b8 cerknd In CMg1. roolod In Ns Wd 8TrJ worship. and seryYvJ ow OJYuY. Wé ar8 wlng our ¥Ion and values lived rAsl by ildIng alK)nsh1F6 who use our bLtik4in9 through play. caf•, panty, Vrfni Mags Toddlgr group and commvnlty days and by YpCOr thgm to lurther OFf>Ortunltt88 to •ThJ8ge In the Iwo of th& chu Alpha. cornrnunmy ff16, fosUv•l$ and s•rvk•s. Ufe groups chwch on su1y5 ar¢ en¢Wra as spaces to grw in farfh •nd deepen our undwstsnding and èxporisni of Gcd. T88thfft9 ts foojsod cn INiThJ prncc4ty As disdpbès of Chrlst in a char@irvJ wxld. 2025 YMB o yew of gr•al dwng• for St Margaret'B wlth a lg• t• I•A¥ty wlth R•v Frnn Cornbott to FAdnl a new corvJr8oakn In Ihfr ntyth of dty. WhI5t tNs charvJe iYowJhl ongoiThJ for the contlnued grV1h of Sl M•ry#r•l'$. it was part ol the vl8lM pf8n th•t w ¢ongr8gatths Wk sent ¢Jrt to plonl rthi 7A¥Jrnhlphw eommmtl88. Thls musl bo (ltht•d as • SuThJay morrAng wsNp lIrth8 to b• • Lntr81 part ol chufckn 119, MnglrvJ the vknole ¢orJreg#tion tOg•th•r each w88k to gather in pr8i8e. 188thiry. 8nd lef£wANp. Pla remalns an inW8t •1om•nt of g•therirvJB, hlh opp)rbJnliles offered regulaty •wvk•s ond thUg0u¢ Ihe •k. howng to wstgkn and shape th• ¥pJrttu¥l Ifg of Ihe thur¢h ¢<ThNntty. Alorgsldo the mah s•r¥h. thkgn'$ gr(A¥JS m•et to pro9 Jg• •pproprial¢ t¢wthiThJ arxl ath"Mlies, SUFW.tr¥J younger momb¢rn 8$ thoy grow kn folth. Ayffi woup also mo¢.ts ea¢h wggk, offerfng a welcoming Bct lty youn9 to bulkj trdShIps. eWoTe laith, 8ThJ onyga mor• deeth wth church lrfe. Tqiether. ministries hdp tr8 Ihèt Sunday momiw8 8&w 4rbJ IrKludo peoF48 of all ages wthln tho ¢lwJrth fw. Ckn Yth group alBO attond a wulw dty•th youth •vM¢ c41gd HI TKI•. LSfo Grouw ¥7Xtlnue to tAay an IMPtsnt role kn th¢ lrfe ol fv churth. provkjlng Smoller, Buppcth ¢ommunrtle8 whgrg pe00 G8n grow In falth tOgOth•r. Mo•tirKJ regdarty for prayer, Bltle Study, f¢lMhip, Ihw group$ ¢%f•r # 3ce for doeper dl8cu8skn. nMrtuAI erwurngern•nt. tr,d pasioral suprth. Lifo GroL41S 8r• a150 8 n8lurAI noxt Bttp lor tho whj ha compl81od lh• +Wpha urne, Jnatllng partlcant8 to condnu8 oxpk)rfng falth, Ildlng TOlallon¥hlps, and bgpynkng mor• IntwJat•d Ink) the (thurth th880 galhedng$, m•mber8 •r• ¢nc4ur¥ge4 to dgep¢n they jersnd of S¢.Ipttirn •rd strvngvien Ihelr corThNthent to pr•y•r and ¢$oF4esNp. OLtrr regOr MIrJY grp6 to F4ay on hiyxlanl in poople al dtfferent 8tsggs of Ilfo. The weekty toddler group prova•s o tAkomiro space for rents. rarern, Bnd w9 thiklr•n to gather, play, and bulld frfendshlp8. bolh al connocalon aTrJ wpp.y¢ fvf lan1& In Iha rtY yo8rs. A&)ngslde th18, or¢(gp for dd•r aduft8 mo•ts r•gLAaty. L¥eatlrvJ opp¢xwnMÉ$ lor c¢)mponlonshlp, conv•rsalkJn. and 8har•d 8CtfvIt that h rIc8 Mallon JrKI strerytyw tkn. In addltlon, a monthty bero•vemwt support gather¥w offers a ccryassionats aNJ Unders11r0 spxe IN those wfv) are grnvin9. wh&re lTrJfvldu81s can Share tsir experien8, fiNI •n¢ourngemenl. re1¥ $upport from othèrs w8lking a smilar journey. Tog8trer. groups demortrala tho thurth's rynfftilm•nt to tx4vJ for and supporbng the weltslr¥J of th• wld•r corrffiunmy. Durfng 2025 wè celetsr the joylul ml88ton8 d bapthlng 15 •Jults oThJ 9 (ilthen, a wnifjcgnt aThJ encwraglng men1 in the life cl our church cornmunty. bapllsm YO8 a Fvprful •xprtsspJn of larfh aThJ mmilrnenl, as Individ415 and f8mili•s publicty 8ffwmed Ihr N)umey wNh God. Thw NICeS OuSn& of gr¢al ¢dbrnty). bringlng ts chwch lalY lOther In ¥ orship. prayér. and ihanksgbng. Tho nurnbgr of bapti4rn8 yr has bo•n a ro81 orK¥JLwgn( rn11odOn.J porn¢Mal 9p1rial wowih and th• ongolng welcome 8TrJ nurture OIn F¢or4e within Ihe 119 of lh& C[. Soft play sessK)ns have cont)rKd to KwovNl& a welcoming ar'd supportive envmlment fcr lamiles wbth Childn. offerirvj 8 sp8c• tr play. conveTrat)n. and rAY,munity. Thèsè gatharings have b8corne a vakned prynl of conngcllon for many Ic1 lamiles, hr8 to bjikl rolatIlshI)S aNJ Str•then links behveen t1 thurch and th& wkler comrnunlty. Ahjngsidg th18, U churth's chanty sP and café nnU8 to run $uctss8fully, provKling an acSE1b19 and frierbthy 4)ace vthere peop can vdunleer. and find prncb"c81 supporl. Togetr, these initl8ti¥Ès plBy art important rcle in seryiryJ thè C¥)mmunity. tt8atin9 opporknnities for hospiiality. (x)nvern8tion, and m08nglu7 connecli(n wthin a settirKJ.
PAF'.OCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 RIVIEW OF THE YEAR 2025 l¢f>niinii•d) The Lurch f(>d panlry ¢ontirMJ8S to b8 g vitsl ministy semng th8 tha c(¥nmunty, prowdry pra¢tlcal 6UPPOrt to inijlviduals ond tsrnilies facing finala1 pr¢ssure. Eath up to 1rA) p8cyle mak6 use tsf th8 pantry, 8cces8irvJ affordable fcod and essenti81 ISehOld iterns in a wdcomirvJ 8nd dnifd envtronmè Beyond meeliNJ Immedkte r$. the pantry also offers an Imp(Mtsni rK¥nt rf conneckn. where volunteèrs are able to buld relat[orhlp$. list•n. aThJ offw orKour8gemert Thb mlniw remalns a skJnffic8nt way vthich Ihe church demon$trate5 care arkd compasskn withkn c(wnrTwty. rosporxliNJ to (¥)gcing need croab'ng SUp"Ve and frlendty sp•ce for al WI 8ttend. Th• hal e4nJnue8 to be an rtant awt IDr the (urch. btlh a resource lor tho wldw c4)mmunlty and as a valua• 50urco ol Incom?. Rfjgr lo10 to lo1 groups and organisatic8 hdp on3ur8 Ihat th• bLAldlng is well us8d Ihrovghoth ts week whle nIn"n9 to thg (wKig fina•1 5ustsinabilrty of the churth. In add5t)n. the hau and 8pa¢6s 8r¢ rn&Je 8vaIl8 lty prwate partes and cel8bratjns, provkllng welcoming vet)uè ts commurxty 98thering$. These letliws not ¢ty 9gn8rata 8ssontHI inrune bul also strengthén th8 chull'8 Conn wlth Ihe hxal (MM by oponkn9 ow spaLs for 8 I8 rangt of altle8 and ev•nts. The replacem•nl of thè nave rwf has been a slgnifi¢anl aThJ •irwthnt Inv88tsnent in the Gar• of th• thurch buikjing. well as &IdreirY essenlwl m8int•wnee nefAts, th& now rf tas ensured the conthued walar Intty of rhe n•v•, helpkng to protsd the fabC d ihe bU1hY and the adlvllko that tske pla¢8 thIn tt. As port of th18 prniocl. 8dar pan8ts w•r• Instsw. pmvhj¥ a rMr• sUsn8b1 souro) of oneryJy and hdplng r8duc8 thè ¢hur¢li'S ongoirrfJ &rrgY costs. TN$ Improvemenl no oity safewards the building for Iha I(rtU but al rnfiects a comNthent lo rwsibb8 Stwardship ol r•8ource8 aThJ environmental 8u$l8lnabih'ty. We ènd•J th8 yè8r with the funds In placo Io MF4•c C nw•1•3htiry with LED li18 to futwe proof the buldSng for onwAng Chpnges to fjjr stsfflrq t&am primarty InthwJ•d Rov Frnn Cwaboit rnkl-yoar to lak? up h19 nèw K)sl vl¢8r in C06h8m 1¢4h)wed by tm •pw)inJrnnt D•n Gnf{l as Priest in Charge. Jon8lhan Da¥won w•8 appoinlod as Paiitry e4>0rdln8tor In Felxuary and Doel a8 Yovlh L•8d•r ift ,.Y 2025. Philippa Daw8 L>)nlnu8d as Op•raUons Manwr 8lorg8kJe K•ty C¢)por ag Chlhjren & FO1 Wort..8r and admln13tr810r. Wo Iwk bec* wth thankfulno88 to God lor FI8 f811hftho8s to , kn St MwgwvÉ's and to cwr comnyJnlty thmughout 2025.
PAROCHIAL CHURCH COUNCIL OF ST MAIFIGAREfs SOUTHSEA PCC MEMBERS REPORT (COIrnNUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Fkn•nG• R•port 2025 was an ex(4ting ye8T as akingwde the 1h of the Lwrwon and olher a(vilw dgsc¥ibwl SIShere in thi8 le)rt. we an ove1 levd of fjnan¢lal slatilty. K'ey figures for th& at In Stant of fan&1 actsvils, but the fthwiNJ fvnwl hbJhlghts are %w)rthy of not.. Vc4tJntary Unre81ri(ed kwvlng for the year r•gk)n 01 £46k 8n9 ol regular fthng throuth Iho PSh Giving Scheme $tarting Iho ygor with 42 rylar dorKrf5 IreducÉng to 31 Ic4hwirvJ the ¢LgregatiOn pLgntl gwing little under £3.5001month as at 31 D¢¢ 2025. A lurthw £30k ol UNestrktgd lunds arose Irom grants & other don8¢lons rtt8iv8d. Vduntsry r0 gMNJ aNKAlad to £44k wjth a futhr£91k frtyn gran18 r•co frcAn CharSl•AO actsth tr•dlTrJ al £104K £4K of vAth18 R081th, and £SK from Mtal SnrAm• IMotiv81. Th& Panty 18 6 key •nd w •Atlish•d to •rw• Ihat It afford•ble on an ongohg ba515. InCj Irom Ihtr P8nty •nd s(¥8 sknalions w• Rostrtd¢d suth thal those fvnds can b• U8td It¥ tha Panty Ind ho¥& oxwded the (th' as suth Iwe wovked a doweo of lIanc to th• orKJolng opfir8Uon. Glll Akl Rijcowiry ha8 PTvAded rADuThJ £5.SK 8rrfl IB li ¥altO InL¥eaM to th• QUt of • tax pn9 Indlvidual'8 ltIty WrvJ. Th181$ 01 no t to Ihe doThx and qualffykng donm •nc•urng•d to up for Gilt Ad. Ga8 and ole(iaty co¥18 exced Q4K in the yoef Ihol ¢h bu4dirKJ 18 in r8gulw use throughr1 th bveek. Thh Is o radudon In costs from lasl year wNth l In Ilno wlth •xWllonB of p0r gewaied by th• nowty In8ts.l•d 801•r pon810. The renewable host IrK•nlfv• (RfrMI paymwth ltho yot to provhlo tM payback ped for,'.#ill provK'ng OPF¥QXfTy £1K paymon Thè instalT4,tion ofsdar PV pards and rcd r•pIgrr1 ¢omplg1gd In tho firnt monlha 012025. Thij wll gnlflcand:; r•due• d•ctrW cLI8ts •)bng lo0[ as I1 as domonstr&..o Ihe cthh's CJmmNm0nt to A(18tslb)obll ty. W¢ contirnie to bts bknssed by th• pro¥isth ol tl Strategk De¥thJment Fd t•thl¢h ¢tbuted to spedftc st3ff c4)sts as wel 88 sonx tlIJIng Tw. The rem8lnlng rwtrittsd luThJiryJ for op8r8tions was translerrnd to U8 In 2025 contknugB to be usod to fijnd opfrratTr)n¥ ffjts. Thr6 18 o finlts rnsouvce wmh th gmwlh of r3wl8r vltsl kn tho Iw8rdB St Marprot'8 trandalty 84tsWffldt. Church H8'.I lètb'ngs gew8tad £39K al 8nd the hall Cth1tin lo be g 088et LvJth a provi810n to Ihe c¢m'Nnity bui in 9en•rgln9 Im• io L wed kn Ihe thurth'8 ffini.-.try. A• a PCC .. abh to filfy meol I P8rnh sr8 r•quirement of£18,057. Thè year c'nded wih 8 total Inccff of 316K expèndtwe of 3(XK wthich, i.tt taking into Èceaunt profit on investmen131£1.3K), Te5ulled In a r¥1 movemont of £11K both Unr*rka8d and Restricted fund6. Th16 po6Mon8 < t MaTgargVs w•ll for miThsty.
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOIJTHSEA PCC MEMBERS IIEPORT {CONTINUED) FOR THE YEAR I.-NDED 31 DECEAIBER 2025 FIfian R•port Icontlnuodl During the year. wa wom at4• k> continua to sel asKle a reserve •nsurng thyont 14nancial resour aro pr¢190 to cover any costs 81hId any unftyBsew rircwn3tance8 OC4yJr that resLAt kn Jwsth'cting the abilty to opernt•. The greatest rfsk lo ongciio operatn of tho Chuh.8 mlnisty Is a r•dudlon In fol)vlng tho 8UP[ of 8 n•w plant in thl)um. We 8re tsrgeb'ng an irueaso in lettirvJs and extended café, slw aNJ 80ft play hours lo help mitigats against the (gduclon kn regular9iwng ¢kn to Ihe 8hrfl C0J8110n. l•k tt•m eduction in Tegula ving via PGS Ik•lShood Jgh alfon nueased kntbtwj of the h81 and main ulding. athtles ur¥ctyvJ th• neèd tr) inu•as r•4tm•nt rtk%•monts lulving unda ro0s0 In enefg iu ium n wr use gelated by P ar w•ls and targ•tiNJ reF4a£m•nl 0 htlg 71h LED bLAbs lo reduce futu anage $998 nerg D$y to 08y flnancial operaiKffls a19 conthlod by Ihe ts oPwa Maryr and the trea8urer. SfvaqffnI 8xpendir• •woval Irn. duty •utP#yknd por8cm. S•f•guardln9 Th¢ Pawtsh ntInUeS to 18lu• wmh tho fA(w• ft $gln9 tralnlrvJ. The PCC lfrad safeguAft1ing 1$ Lgure Preston, the Parfsh safwarth.ng Offictsr IE Philippg 0gw5W. BuMdng# R•port The roof prd was comF4eled in wty 2025 with ts reFA•cnW of n8ve rtr)f inc4uding 22 Bdar pane on the south facing roof surfae•.. The knl gutteriThJ wag mpjaced and Ihtr parnpel brKk rk rniioiniod. Ropeirn tts thè onewc4k and gutt111vj 480 und•rfskffi M th• thanc41 rod. A lighting was undgrtaken dwlrvj 2025 with •vJ finL In F4aca for tho (¥mF4etth al new ngve 119hdng e8rty In 2026. L1 B ha8 b•w grnrrtad ty lh• f(* thi¥ wc4ecL
PAROCHIJIL CHURCH COUNCIL OF ST MARGARETS SOUTHSEA PCC MEMBI=RS REPORT (copifiNUED) FOR THE YI.AR ENDED 31 DECEMBER 2025 PCC M•mknMhlp kl•mb•rn ol PCC of St Mafgami's Church In 2025 Tho •l•clk)ns took pla Sunday 11th May at thoPPCM ol• ran C8r8bott tmenl In Jul 2025 el Srnart Prst kn Char Fd)rua 2025- Pwith vac• n Gro8nfield ¢$Wwd A8 chwch wardgn IrLYn 11th Ma to PCC 11th W 2025 hurch Wanlen Phlll hurch Wanlon od from 11trM 2025 11 Ma 21r25 ilda M od frvrn 11th M• 2025 Smtth elgded Ircffi 14• 2023 frorn 11th M8 2025 aul Thwalt88 dlffth11 2025 l•v• Ho l•(od frryn 14• Mg 2023 ur•n Stevon from 11th M 2025 njm 11th Ma 2025 nthw M8b)n m 11th Iaa 2025 Ir PSr<xuria rorn 11thMa 2025 ne H•rve le member rom 11th Ma 2025 en Malbon 2P Jur 2025
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA PCC MEMBERS REPORT {C¢)NTINUED) FOR THE YEAR ENDED 31 DbCEAIBER 2025 Th¢ PCC n*mborn r¢wt w•s apwvved ty Ihe Board of VMbS OfThg PCC. D Or••rfhld
PAROCHIAL CHURCH COUNCIL OF ST MARGARETS SOUTHSEA INDEPENDENT EXAMINI-R'S REPORT TOTHE MEMBERS OF THE PCC OF PAROCHIAL CHURCH COUNCIL OFSI MARGARET'S SOUTHSEA I fepcrfi to the member5 rf thp PCC on my exam701¥ Lrfthe flnancial stalem6nts ol Parrxthlal Ctrurch Coundl of St MargaroVB Southw ltha PCP) for th• yw •nd8d 31 2025. RMpoMlbllrtl•s and b••1¥ ol r•port As the m8mber8 ol thè PCC rw¢)nslbl8 lor th• of th8 finanti81 statom8nts in wth the rtquirements of Ihe Charit$ Aei 2011 (the 2011 Acl). I r•wl in rnspect of my examin81ffi of lh• PCe# finantsal stalements Ca1& out )der sadon 145 of the 2011 A(£ In carylng my ex8mlrwtlon I he fcknmd 81 th• 8ppllcable Dlrerah?rffj gn by the Charfty Commisslon under sectson 1445Mb) of th• 2011 kL Ind•pondwrt •xAmln•rf• •lat•ml Since the Pcc's gross exceeded £250.000 your examiner rnust be 8 menknf of a bTrdy list in secuon 145 ofthe 2011 Act. I confim th¥t l am qualifi•J lo thvjwlake the examhth be¢ou8e I a nwmber of ICAEW. whlch o olthts Il#tsd bJdl•s. I hwè tsJmpl•l•d my •yamknalkin. I ¢ttr n that mott•rn havo crn to ry att•ft¥ In nnln ¥Ath tn• •xamlnotlon ging me c8u8e to beoevg tho1 in gny matgrf81 rn8[Ct. ¥CnIsn9 f•Lxrfds not kept kn resJect otlhe PCC 88 by 130 ofth• 2011 Act,. LY t fflnand•l $1ot•rwnt8 aeird viilh th08• rwd8,' or thv flnandal 6tatwnonts do not ¢ompty th thè •pplcable wulTernents corK•mlro I( 8nd contont of cc£Jnts 801 Qul In Ihe Ch8rtt698 (Accots and Reports) ReguLetths 2008 otr than any requlromwt that tho I%nIS gNè a trL and l• 18 Th>t a matter riffi•ldwl • F•rt ol mdondant oxami'nthon, I hav¢ no ne9 and have come acr5 no other mattérn In conn•ckn w*h the exaMInat to whkh attenlon ad be drM In th18 reF#J1 In to M¢blo 8 pwi und•rstsndlry of the gtst•m•nl8 lo b8 reached. Cl9nt•r 8ox Civp•ni•r Box SuRe W2 CtraI Ground FkKT, Bun¢Mnp 101)0 Lak•8kl• North Hart>our Port8moulh Hemp6Nro PO8 3EN
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PAROCHIAL CHURCH COUNCIL OF ST MARGARETS SOUTHSEA BAANCE SHEEr AS A T 31 DECEMBER 2025 202S 2024 l.'Ix•d as$•ts TaThJSblg assws knv•¥tmonl¥ 12 13 39,783 16.703 22,8(Kl 15.403 Curr•rf •ts Debto Cgsh at bank and kn haNI 38.003 14 22,432 198,626 223. Cr•dltorn'. •mounts hHlng du• tllNn on• y•¥ 221,058 18,111 5,540 Ng1 8880ts 2C,195 215.518 Tot•l u••ts ¢iirr•nt Il•bllltl•A 264,681 253.521 Th• lund8 of th• PCC Endc¥wm&nt lund¥ Restrf¢ied Mieom8 Unr8$tridèd hJnds- gera1 Unr•8tricted ld8- nat•d 16 17 18.703 112.033 125,560 10.385 15.403 130.856 87,662 19,600 284,681 253,621 Th• fln•nclol sts".tsments were aptrn•d by tr monknrn olth• PCC on............. ... . ... D Gra•nfietd 11
PAROCHIAL CHURCH COUNCIL OF ST MARGAREf's SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng poll¢1•6 Charlty InlornMUon ParLth181 Church of St M8rg8r8fs sJtl8 1$ g rwJlst8r8d charHy In England Wakns. Th Trustees ar• I mentss of the PCC in the Nmnual Report. thurch of St margaV5 add$5 is HigNand Rcad. sth884.Hants. P04 9CX). 1.1 Ac¢ourtlng conv•ntlon The financial slatements have been prep1 in accordance wrth fv PCC'$ otrrtmkng doOJmt, Charmes Act 2011, FRS 102 Tr Flnanc RewtiThJ Standard #pplIc4 UK and Republic ol Ireland. rFRS 102'18rKI the Charhb8s SORP 'Acccwnfjn9 ar¥J RgwtiThJ by Charlt108'. Stslemenl ol R•cornmeIed Pr•dlce appl? to charities weparing ther aCCots In accordance the Financ1 Reporung Standard aFfJlic4t4e in the UK and Reput41¢ of IrekgTh1 IFRS 102r1off6cve 1 J•nu•ry 20191. The PCC Is a Public Benofil Enbly as dèfined by FRS 102. The PCC hw tak•n adv1 of the tho SORP n¢ to y•pAr• a Stat•m8nt of CaBh FlrM8. The financlAI slat&)18nts depariod Irom Charltk•s IAct<rt ld RepNtsI RlalkI)I 2fth orly lo tho extent rnqulred to prowde a Irue and fair vi8w. Th58 departure hai." involved IdIn0 th• Stst8ment of Re(fJmmendod Pra¢lko br th8rttl•J Op1n9 FRS 102 ratsr thary the rSIOn of lh• Slaloment of RecoMmded whl¢h 18 ref¢ff8d to kn th91i0gul8tlo l)ulfitt. h88 8lb)C8 been wlthdr8wn. T ffinan(aAI $t•tements arn w•partd kn 8tertThJ. IB ItIOn of the PCC. Mon81¥ry arnounts Sri these llngndal •tatery1$ 8ro to the nowost £. fln•n¢l•l In$trLWrn •1 fvakn. Th• pob a&Tt•d •r• 8•t (Mrt 1.2 Go'ng COnM At Ihe limg of appryjving finwwl ¥tatorts. rr•rnbers of th¢ PCC hgv• g reasonab oxp8Cta15on tha. Iht PCC h# ¥doquat• rnSourC to rLffl15nuo kn opw8tKnal QyjsteTr for the 0808&b fiJbJr¢. Thu8 tho m•.mb8rn 01 th• PCC a(k)pl IM 90ir3 ¢orThim b8slg of accounting in Fryariw tho financ4al 8la'.6monts. 1.3 ¢harltabl• fund• Uni'¢slriel&d lunds ar• a¥allAbl• for u8• at the dlg¢r¢lkn of m•rrtJn ol th• PCC kn furfh•ranc• ol th•k ¢hirrftfjl)le obJ0¢08. 0e3lgnotsd fvnd8 ccrfnMa• whkh ¥0 b•on 8•t 88hJ¥ 81 iho d&xetlon of th8 mothr¥ of thg PCC f sp(.'cthc purpos•s. Tho purpose8 aTrJ thg do11 ld$ arg set out in the not¢$ to Ihe fingnci81 sta'.ements. R•"lrict•d fijnds subJ1 to c£mditxirvJ by dor as to nw Ud. Th pu and uses of the re8lrfcted funds ar• ¢)ut kn tho noleB lo the finandal slalernènts. Entr •re sutlect lo speofrt csxvJlUoM by don(x8 that 11.• ¥4tal rnLt malntaln•J by th 1.4 In¢om• Inc)m 1$ wnl$gd wh8n tho PCC 18 legaw wtiuod to tt 8ft4r any ..rf0Ml0nCfr condlllon6 havp been mgt, thp aMJnts can be measured latsty, and rt is probatle thal incow* V•ill be rece1. 12-
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA NOTES TO THE FINANCIAL STATEMEKrs {coKriNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 AccounllThJ pollcl (Cortlnu•dJ Cash dc¥w1ion8 are TergnISj on recelpL Other donakns are r•cts3nwl crt¢ tho PCC has been notified of dona1k. unle89 pwfomwnce L)NKJrflon8 reqth defwr81 of1he am¢xrt Income tax recovoraUe Sn ro18tron to donations rKeNed undef GrftAM1 Of d8eds olcoven4nt is •t thg tlrne of the ijonation. Leuacies are wnfisolj rnceipl OT rfth8 PCC ha¥ been cl•n tnwrhding distribut1(, Iho anvyjnt is known. aThJ rec• is exFthI. W Iho amwt is Mt kw•m. th8 legacy tr8at&d as 8 0)ntlngenl asset. 1.5 Ewndllur• Exp8nditur• b rwl8ed th•re Is A legal or tytion to transfor ¢conoml¢ banèflt lo a tNrd party. it is pmbablg that a transfer of or0rnk benfrllts t8quk In sgtttom$nl, and Ihe amount of oblva¥tion ¢on b8 measur1 reknabty. Eynditure Is cf8sslW by atvity. Thè costs of agth athity are up of the tokl ol d11 costs and shared IndLKllw suppx)rt co3ts inw1 In undlakIng actlvlty. Dlrect CO$ts aitrlbLrtabJe to a BIWo tty 8rg alloc4ied dir•¢tty tr) that ty. Shar•J o)Sts 7thlch contrlbulg to morg Of&9 acuvtty glnd SUPF)rt cost¥ which ar• no4 • Bingl• aiafvmy are apporttoned bstthwn thos0 activi4e6 on ¥ b8$i8 con$isl$nt wlth the use ol resre& Centr81 stsff costs are alh¢ot¢d on ba8fjs of spent. and d•pw.iaUon ch•ge8 8r• alocat ort Iho olth• 888at'$ U8e. P4rl8h 8h8re and othor cogts dkecty r¥lathng to Ihg arKI ¢b of lh• chu ar& •cc<4Jnt•d fw when th•y incurrod (x becomo gr¥J Yabl•. 1.6 Tanglbb fix•d •t• CLi8ecraled and b8neficl IJ exdAl•d frL¥n tt act¢Aw8 by SI0(2lla & cl ofthe Ch•,Itle8 Act 2011. Movèable thurth fuml5hlr held by tho ChurcvArd8ns cl) tN5t ILY Ihg PCC end y.hich require lacuty lor disposal ofè CE Prtah'sed al cost and wrlttèn off over th&r useful ee4nomic HI• o(tr•r Ihan Vothere Inmrffidenl c08t inkJrmatk¥. L8 avalLaW. In Ihls ¢ th• li Is not caplialw, but L8 Indudod li th• Churc's Inv•ntory. AU •xpgndfture Inwrgd year on c(¥1•1 or ben&fi¢• bulkllngi;, wPth•r for maintenan¢e or improvemunl. t& tMitten off as expgfKliture #nd 68paTrlety disdosed. Olhor T8ngibk• tse(l Astet: 8r• al ct 8ubs8qwnty Mred at ¢081 or Y8#l, nel ol dopr•dalk)n and any kn)drm¢nt10180B. Dry)Mdaln l• 80 as to off Ih• LY>Stor valualltsn of assots1gs8 th4r roDldual v4iluo8 o¥•r th•lr U¥ofLI on Ihe tsa.. Fixfur96. rrttrys & equrthjnl 10% & 20% () or strotyhl11 08in or loss arisiry on th? dpJsal ol asset i¥ det•MIw gs drffernnce b•tween thE. sala proceeds Indl¥Adts41 Itam8 (rfe4>mjftt llh 8 vak of der £3,500 #rp wrltt8n ¢rff whwi 8e4wliad. 1.7 Flx•d ••t Invtstm•nts Fixed asset stMents ye In8•Y measwed al trrn(*on prKe exdirj transaction osts, and a subsequenlly m8a$ured a: fair value at eath rèrK)iting date. Change5 fair value awe wognlsÈd kn net Incon[•xpendJrej for tr18 year. Trnnsadion o)sls are •xÈWj a8 Incurwd. 13-
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE )EAR ENDED 31 DECEMBER 2025
Accounllng poli¢1os
(C•nUnu•dJ
1.8 Irwlrnwnt of rd a•8•t•
At ea( rekJlng 8nd
PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 311)ECEM8ER 2025 In¢om• from don•tlons and knqade• Unwtrlct•d R•$tted fvrbd• 2025 Tot•1 Unrestrl¢t•d R•slrlctsd funds lund• 2024 2024 Total 2025 2D25 2024 Oonattms and g Grenls r•¢tived 75,604 43.538 90.779 119.142 ,779 71276 44.763 112,982 117,039 112.982 75.fAM 134.317 209,921 72.276 157.745 230,021 Grants •1¥•bI* lor cor• acti¥ill•¥ Portsmouth Diocesan Boanl of FIna & SDF Conldbutlon PCC Hovs•hold Support Fund FuttJr& Yotsth Dovdopment Grnni 38.7fKJ 38,7 40.243 40,243 52.079 52.079 71.339 71,339 .1,40) 1,400 ),779 112,982 112,982 Incom• Irom 4{vh¥ Totsl Unr••lrl¢t•d Rg•trlct•d lund• 2024 Tolal furbd• 2025 2026 2025 2024 2024 St Mar9•r•l'• churth •nd chuwch h•ll Saltr dgoc¥J8 650 Anrlllary lrndlng Inwm 94.357 4.018 98.375 71,466 99.099 1.00? 4,018 104.025 T6.5 27.633 104,133 In¢om• inv•sknen¢s Llnr•strl¢t•d fvl•stricl•d fvndA fimdl 2025 2025 Totsl fun 2tr24 2024 2024 Internsl re1¥abl0 451 248 15-
PAROCHIAL CHURCH COUNCIL OF ST MARGARETS SOUTHSF NOTES TO THE FINANCIAL STATEMEPITS (coKfiNUED) FOR THE YEAR ENDEL) 31 DECEMBER 2025 Inm• Unrn#trlat•d UTrr•strkt•d funds nd• 2025 2024 other IrK¥me 1,274 757 M•rgJr•t'• M•rg•r•fi church and church •nd thurch h•1 ¢hur¢h hal 2025 Dlr•ct co•1• Stsff costs Doprotsalbn Inwalmi•nt Pwi8h quots CIKJffh buildlng Communlty ¢4f•, soft Ptry Missft •rKI SUPFKMt Clwrch managem•nl •)d adminrJtr• 67.108 14.317 18.057 104.905 16,297 $3,609 17,537 ,171 71204 11,881 17,279 58.423 18.347 48.499 15.S79 12.579 301,001 251.771 sr• ol •upport •nd 9ov•rn•nc• ts {M• not• n G0manCe S.480 4.580 306,461 25t.331 An•ty•l• by fund Unr8strfct8d fund$- g•n•r•l Rest fundB 161,946 144.515 1&.887 12',,844 306.461 25E,'.331 16-
PAROCHIAL CHURCH COUNCIL OF ST MARGAREf's SOUTHSEA NOTES TO ThE FINANCIAL STATEmErs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER.'ffj25 Support costs 2024 Indep8rkdenl Examiws f•88 4,560 4.$60 Charhable act11168 4,580 Th¥ IndepoThlent •x•mlrws f•gs ft¥r tr 8xamlnatKm of lh• aixtyjnts tAvo £1200 {IrnIl1rj v¥ll, oth M•mb•r• OlTh• PCC Nono ol th• ffl8mtw¥ ol th& PCC {Of any o)nrLtsd th•ml rthd any romunerallon ( oyns•8 As a PCC rn•mb8r during fv yaar. Stipe we(• p8ld by th• Churc vAhiA Church ol EInd siwidkqry gukJ8lne8. Employ•• T averngo monttrty nufftsr ol*oyg98 ¢knlng thg ye8r w88: 2025 Numb•r 2024 Numb•r Employm•nl co•ts 2025 2024 Wagtss and salarf•$ othor pfrnsn co8ts 70,747 457 67.108 71,204 17-
PAROCHIAL CHURCH COUNCIL OF ST MARGAREfs SOUTHSEA NOTES TO THE FINANCIAL STATE.IIEKrs {copiriNUED) FOR THE YEAR ENDED 31 DECEAIIIER 2025 Employ••8 {Cortlnu R•mun•ratlon ol k•y mwMg•m•nt i)•r•onMI 2024 Aggregalt Convu8th)n 23.882 33,661 10 Galm and los¥•* •h IM•bn•nts ErMlowrn•nl End•wm•nt 1025 2024 GaIn{bU01 •ring on.. R•vahJalix ol Inv08tm 372 11 Tu•tlon The charity is exempt frcffl taxth on Its a(Irkns becau all As incom¢ 1$ 8PF4i8d for th8rftabl8 purpo8 12 Tanglbl• fix•d a•••l• Vlxlvrn•, fftllnp & Co•t At 1 Jgrwry 2025 AthJltlon8 81.084 31,500 At 31 DoC•mr 2025 92.$84 D•pr•¢l•tlon •nd Imp•knwnt At 1 jarry 2026 14,317 At 31 Dxember 2025 52,801 C•rrylng •nwnt At 31 December 2025 39.783 At 31 December 2024 22,6CKJ 18-
P,IROCHIAL CHURCH COUNCIL OF ST MARf3AREfs SOUTHSEA NI)TES TO THE FINANCIAL STATEMENTS (CONTINIJED) R)R THE YEAR ENDED 31 DECEMBER 2025 13 Flx•d a88•t Invesbn•nts Unll8l•d Inv•tments C¢>¥t or v•luatlon At 1 Jawary 2025 V81ualion changoB 15.403 1,3CM) At 31 DK•mb•r 2025 10,703 C•rrylnp •m¢)unt At 31 December 2025 18.703 At 31 D•c•nber 2024 15,403 14 Dthor• Amounlj f•lllng du• tlthkn on• . 2025 2024 Tradg dabtor Other (l•bto Pr•payThnts and ac¢Ned finm• 2.340 5,750 15,OC¥) 1.682 22.432 15 Cr•dllo 7: •mounts hlllng du• Wlthln on• y•Ar 2025 2024 Ac(Yu1. and defwred kK¢m• 18,111 5,540 16 EndOn• fund• Endowr7•nl luThJs repr88ent •98ets wthi¢h rn1 b8 held ty the Ifc. Inccm• arl¥ng on tho ndown4ent lunds ¢an bo usod in aarKe the otprts of Ihe PCC ts as unrestrhx i)como. kny ¢¥pltsl 98ins or los¥s arisiro on lh• assets fm pgrt d the fvThl. At 1 Janutry 20?5 GMln¥ and loB•t8 At31 D4mbor 2025 P•miai:•nl endtyknwnts Ben$fio.,Augnt81I)n Fund 15A13 16.703 19-
PAROCHIAL CHURCH COUNCIL OF ST MARGAREf's SOUTHSEA NOTES TO THE FINANCIAL STATEMEKfs {COllTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 EndoiMnl lund• Iconllnued) Pr•vlou• y•ar. At 1 Jn¢wy G•kns and A131 D•fftb•T 2024 P•rnian•nt•ndvAYn•its 15.031 372 15.403 Th8 eapltsl of thL8 fund Is rnt avallth k t PCC Ixrt the Inr)me from tt may b• by thts PCC for Ifs general purFQSOS. 17 RMtrlct•d fund• restrictsd fimds of the thrity cgryis• the un8xpended bncs d d¢ticl and gr#fi on In1 $iJJ5•cl to 8Podf* t£•tnI by as to may . Atl JMuary Incomlng R•swrc•• Tran•f•rn Gth• •md At31 D•Mmb•r 2023 Dioc•88n Straleg D•veloprrvJnl Fjnd P3nty BLJilding Fund RJ)f Fund- Ljilèry Selar Panel Funding PnC- Soft Play 38.7LXI 63.988 23.958 {6.856} 169.77n 156,7341 32,842 43.289 17,515 57.078 61,078 (8,(W) 1787) 19.700 11.3131 18.387 13.fKKII Fdture Youth Covelopmnl r.min 5.148 15.148) 16,998) 130.8 138.792 1144,515) (13.1(N)) 112,033
PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S SOUTHSEA NOTES TO TH- FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 R•ffjtrf¢t¢d fun Icontlnued) PrnvI0 r. At 1 J•nu¥ry Ineomlng RM¢)urcu TTrn•f•rn 2024 r•swrceg •xp•ndgd G•ln• •MI At31 2024 Dlocesan Stral•g Fund Panty R¢xJl Fund Roof Fund- Lottery Sc4ar Pw•l FdIThj PCC- Soft 43.080 112.103 (43,080) 1872411 16,123) 42.482 47.858 {30,2661 57,078 51.078 19.7(XJ 19.7C Futuro Y(xth Dgvgkpment 13.IXKJ) (5.2(K)) 1,140 185.626 1121,644) {33,268) 130,856 The StrAtegic D•v•loFn&nt Fur#1 hos prOWld for ¥1off op•r8ihJn$ and buildtng work. Portjmouth Clty Coundl £15.Otxi tow•nls th• pn>vlth ol a 80ft F4ey ar•a 41hkn tn• St Marpar•f8 ¢hurth. Th• transfer to unr•Btrthd fund rnt¢o8 lh• deprtr th•rg•d. A pantry W•8 0st9b"S1l In 2022. Gwls were f•c4 frcm Port8fbKwth CNY CtMcl. Don8kns and a knggcy i.ver• for rty)I rw)alrn. Th• r(TO8 w•r• In 2W25 and th• sor p16 W8ro in8lalk4d byAwl 2025. DOlon8 of £5,148 re funds 4 Ywlh Intem. A fvrthe¥ £8.998 wa• rocavgd In Ih• yeer lo he furNJ FAln(8ty IT T•c -21_
PAROCHIAL CHURCH COUNCIL OF ST MARGARET'S SOUTHSEA NOTES TI) THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 D•slgnat•d ld$ Th2 urwestrith funds of th8 thity unexpwKknJ balanc$$ (rf dona16ons erKI grents whlch ar noi subjeLt to sp?fiC condth'ornry by th)n ant1 gvantors as to how they may be used. The8e irthde de8tgnated futh wP#¢h h•% been asKle (Art ol unrestwkted fvr•Js by the irustee8 ftjr ew¢ific purp8. 8aknrK•4t J1 D•Mmb•r 2021 1 2•2S Flxod A8W FWKI 23.120 13,520) 19.8Crf) 19.2151 10,385 23,120 13,5201 19,800 (9,2151 10.385 19 An•th of n•t a¥••l• b•t1•n lund¥ Unr••trlcl•d Unmtrlet•d Rmtrlctad Enthwm•nf. fund• fvnd• fvnd Totsl 202$ 2Q25 2025 2025 2025 Fund b•l•n¢M at 31 D•c•mb•r 2025 r•pr•••nl•d by: Tangib a889ts In¥e6tmenls Curr¢nt a88•lsIlTh'8168) 10.385 39.783 16,703 208,195 16,703 125.560 82.635 125.$60 1Q,385 112.033 16,703 264,681 Totol fund• funds dMlgnat4d 2024 fund• fvnd 2024 2024 Fund b•knneM •'. 31 D•c•Mr 2tr24 r•pr••nl•d by: Tanglbk 8884ts Invostrnenls Currsnt AS80ts11li tAIllB81 19.800 22.600 15.403 215,518 15,403 87.662 127.856 87.662 19.600 130.856 1S,403 253,521
PAROCHIAL CHURCH COUNCIL OF ST MARGARETS SOUTHSEA NOTES TO THE FINANCIAL STATEMEKfs (CC)NTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Thgr• w8ro no 1ckaLle rela F4ty tran8a¢k¥w JuriJ th? year12024. I). -23-