**Registered Charity Number: 1203826**
## **2025 Annual Report and Accounts of the Parochial Church Council**
## **Incumbent: Revd Vanessa Kerswill**
**PCC Secretary: Janice Richardson**
**Hon Treasurer: Jessica Jones**
**Independent Examiner: Kathryn Pickering**
Registered Charity Number: 1203826
## **St Peter's Church Watford**
**Year Ended 31st December 2025**
## **Contents Page**
||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustees' Annual Report|**2**|
|Independent Examiner's Report|**7**|
|Statement of Receipts and Payments|**8**|
|Statement of Assets and Liabilities|**9**|
|Notes to the Financial Statements|**10**|
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Legal and Administrative Information**
## **Reference**
The Charity is called “The Parochial Church Council of the Ecclesiastical Parish of St Peter, Watford” also known as St Peter's Church Watford. The Parochial Church Council is known as the PCC for short. The Church registered with the Charity Commission for England and Wales during 2023 under Charity number 1203826 and was an excepted Charity prior to this.
|**Registered Charity Number**|1203826|
|---|---|
|**Registered Office**|St Peters Church|
||Bushey Mill Lane|
||Watford|
||WD24 7TF|
|**Website**|https://www.stpeterswatford.org.uk/|
|**Incumbent & Chair of Trustees**|Rev Vanessa Kerswill|
|**Trustees and PCC members who**|**serverd during the year**|
||Alan Hobbs|
||Carlton Patterson|
||Catherine Heath|
||Colin Heath|
||Janice Richardson|
||Judith Kerswill|
||Julia Boydon|
||Leonard Kerswill|
||Lesley Inwards|
||Rev David Perry|
||Sharon Nixon|
||Timothy Kloss|
||Victoria O'Kelly|
||Sue Stear|
|**Primary Bankers**|Barclays Bank UK Plc|
||62/64 High Street|
||Watford|
||WD17 2BT|
|**Independent Examiner**|Kathryn Pickering|
page 1
**St Peter's Church Watford Registered Charity Number: 1203826 Year Ended 31st December 2025**
## **Trustees’ Annual Report**
## **Aims of the charity**
St Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, the Reverend Vanessa Kerswill, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social, and ecumenical.
When planning our activities for the year, the incumbent and the PCC have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Through these activities we try to enable ordinary people to live out their faith as part of our parish community.
To facilitate this work, the PCC recognises the importance of maintaining the fabric of the church and church hall.
## **Objectives**
The PCC is committed to providing a safe and welcoming space for individuals and families to worship and to be transformed by the love of Jesus. We are an all-age family, seeking after God, belonging and serving together. The PCC is committed to prayerfully implementing the following vision (as agreed by our Mission Action Plan 2022):
- To grow the church family, particularly focusing on growing younger, by welcoming children and young families.
- To establish St Peter’s as a hub in our local community.
- To encourage each other to have a deeper relationship with Jesus.
## **Activities**
## **Worship & Prayer**
As a parish church, we gather twice on a Sunday (10.30am and The Four). Our 10.30am service saw an average of 38 people attending in person each week (2024: 36). The Four is our service specifically aimed at children and families; the average attendance was 34 (2024: 27). We continue to offer the option of Zoom at the 10.30am for those who find it difficult to attend the church in person. We baptised 3 children (2024: 15) and led 1 funeral (2024: 4) enabling us the opportunity to support families through life events. We gather monthly for prayer and worship on the fourth Wednesday of each month (not December). We also held a half day of prayer in July with prayer stations, led prayers and worship.
## **Special Services**
We had a wonderful Easter celebration service with both services combining and 59 people attending (2024: 74). The children particularly enjoyed the Easter Egg hunt after the service!
Our Harvest and Remembrance services were well attended. We welcomed members from the local beavers, cubs and scout’s groups on Remembrance Sunday.
We led 2 (2024: 2) carol services at the local primary school (the one school in the parish) for all children in key stage one and two.
page 2
Our Christmas Carol service was very well attended with 107 people joining us to celebrate Jesus, the Joy of Christmas (2024:104). Our Crib & Christingle service on Christmas Eve was a wonderful service as we recounted the first Christmas and celebrated Jesus, the light of the world. Children, parents, grandparents and carers joined the celebrations. 96 people attended. (2024: 79)
## **ExploRE**
In early January we hosted ExploRE for a week in the church. Run by Watford Schools Trust, it was wonderful to welcome Knutsford School and Parkgate Junior School. Key Stage 2 classes spent time at interactive stations enabling them to focus on God, the world and the community.
## **Alpha**
As a whole church we journeyed through the Alpha course from January to April for 11 weeks. We spent time focusing on the foundations of our faith and made space for questions, learning and encouragement.
## **Sermon Series**
We held three sermon series throughout the year, focusing on St Peter’s vision and values, the I Am Sayings of Jesus and later in the year on the Psalms. These were shared at both the 10.30am and The Four.
## **Grow Course**
In March we enrolled on the GROW course run by CCX. An eight-month course, looking at different elements of church growth. The modules included vocation, formation, mission and multiplication. Two members of the leadership team attended bi-monthly in person sessions and each month a small group from the church leadership met to discuss, pray and evaluate together.
## **The Gathering Place**
We launched The Gathering Place in September. Meeting on the third Saturday of each month, a community event for all ages with crafts, board games, refreshments and an optional hot breakfast.
## **All Age Services**
We held an All Age service in June with a bring and share lunch before the services and in August with a BBQ lunch afterwards. In September we started our monthly All Age services on the third Sunday of each month. The 10.30 and The Four come together as one church family at for worship.
## **Youth**
In October we began St Peter’s Youth. The young people meet every Sunday afternoon for Bible teaching, fellowship and social activities.
## **St Peter’s & Meriden Tots**
We launched St Peter’s Tots and Meriden Tots in 2024. St Peter’s Tots meets in the church hall and Meriden Tots in the local community centre. In term time, each week we welcome parents and carers with their tots to one of our groups for play, craft, refreshments, story and singing time. The groups provide us with a fantastic opportunity to serve our community and to build relationships. We are very thankful for our tots’ volunteers who help set up, tidy away and load cars each week.
page 3
## **First Friday**
First Friday meets monthly, provides a warm space and an opportunity for over 50’s to come together for friendly conversation; to play board games and read the newspaper, whilst having a cup of tea or coffee. We also make time to share a brief thought for the day and to serve a light lunch. In 2025 we saw consistent numbers of approximately 30 people joining us each month.
## **Craft Group**
We continued to facilitate a craft morning once a month for the church family and wider community until September, the craft morning then joined with First Friday.
## **Pancake Party, Holiday Club & Light Party**
We hosted a very successful pancake party for children in our community, with crafts and plenty of pancakes, 50 children and adults attended. We held our four-day jungle themed holiday club at the end of August. This built on the success of the previous year, with 30 children meeting each morning for Bible teaching, games and crafts. Our Light Party was extremely well attended with over 60 (2024: 60) children, parents and carers attending. We hosted an evening of light themed crafts, shared the good news of Jesus and served hot dogs.
## **May Day & Christmas Fairs**
Building on the successful events of 2024, we again held a May Day and Christmas Fair to raise funds for our Growing Together building project. Local craft sellers were invited to purchase a table along with the church stalls and refreshments. Both events were exceptionally well received and attended by the local community.
## **Social Events**
We had another varied year of social activities. Including women’s breakfasts, church lunches, our sponsored 5K Easter chick hunt around the parish raising funds for Growing Together. Also, our meal at Blue Check restaurant, our summer bbq, along with a fundraising music concert, choir concert, quiz night with fish and chips and our Christmas pudding making evening.
## **Church Hall**
The church hall is in regular use not only with our church activities, but it is also used by local groups. Including, 21[st] Watford Brownies, Meriden Community Choir, Noise Makers, Trinity Performing Arts, Hertfordshire and Cambridgeshire Home Tutoring, South West Herts Model Railway Society and Sceptre Angling. The hall was also hired for many children’s birthday parties. All the above activities have furthered our links with our local community.
## **Growing Together**
Growing Together is the name for our church hall building project which we launched in April 2023. God has given us an incredible vision to become a hub for the local community. The plan is to knock down the existing church hall and to build a new church centre and hall with offices, kitchen, toilets and meeting rooms. We also plan to sell part of the land for two houses to be built. The total project will cost £1.1m. Planning permission and a DAC faculty for the project were granted in July and September 2024. We worked with a fundraising consultant throughout the first half of 2025, and many fundraising applications were actioned. We received positive responses from Garfield Weston, Benefact Trust, The Beatrice Laing Trust and CMW Charitable Trust.
page 4
## **Deanery and Ecumenical Relationships**
St Peter’s is an active member of Deanery Chapter and Synod, Churches Together in Watford and Christians Across Watford.
## **Financial Statement and Management Accounts**
Total receipts on unrestricted funds were slightly higher than 2024 at £82,476 (2024: £79,979). Total payments on unrestricted funds were £79,642 (2024: £74,992). This slight increase was largely due to increased contributions of Parish Share offset by reductions in staff salary costs on receipt of Statutory Maternity Pay from HMRC. Total receipts for restricted funds were £158,107 (2024: £69,042), the increase being due to grants towards the growing together building fund. Total payments on restricted funds were similar to 2024 at £47,984 (2024: £47,130).
The opening bank balance was £124,595 (2024: £97,696); with an income of £240,583 (2024: £149,021) and expenditure of £127,626 (2024: £122,122) the net surplus was £112,957 (2024: £26,899) leaving a closing bank balance of £237,552 (2024: £124,595). This is represented as unrestricted funds £27,792 (2024: £24,958) and restricted funds £209,760 (2024: £99,637).
Total assets were £306,281 (2024: £197,371) and include the bank balance as above, plus the investment and deposit funds held £68,729 (2024: £72,776).
## **Reserves policy**
It is the PCC’s policy to maintain a balance on unrestricted funds, which equates to at least three months unrestricted payments, equivalent to £20k to cover emergency situations that may arise from time to time. Our current unrestricted reserves stand at £27k (2024: £25k) so we are happy that we have met our target reserves policy.
## **Volunteers**
The ministry of St Peter’s could not take place without the selfless giving of finances and time by a host of many volunteers. The PCC is deeply grateful for the support of everyone.
## **Structures, Governance and Management**
The PCC is a registered charity number 1203826, and PCC members are trustees of the charity.
The PCC is committed to complying with the House of Bishop’s guidance on safeguarding children and vulnerable adults.
The PCC has met bi-monthly through the year.
The PCC operates through several committees, which meet between full meetings of the PCC.
## **Standing Committee**
The Standing Committee has the authority to transact the business of the PCC between meetings, subject to any directions given by the full Council.
page 5
## **Buildings Committee**
The buildings committee attends to all matters concerning the maintenance and upkeep of the church and hall. Coordinating the maintenance and day-to-day repairs and improvements.
## **Faith & Life Committee (Grow group)**
The committee ensures the vision of the church is upheld and meets to discuss the worshipping life of St Peter's.
## **Finance Committee**
The remit of the finance committee is to: agree and set the budget for the year; monitor the church finances and review trends throughout the year in income, both giving and hall rental, and also in expenditure; and ensure the Financial Policies Statement remains relevant, proposing changes as necessary.
## **Fundraising Comn1ittee**
The fundraising committee is primarily responsible for sourcing fund raising opportunities for the Growing Together building project and organising fund raising events alongside the social committee.
## **Social Committee**
The committee is responsible for planning and hosting the various social and fundraising events that brings the church and parish together.
## **Deanery Synod**
Two members of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.
## **Administrative Information**
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
During the year the following served as members of the PCC. Incumbent & Chair: Rev. Vanessa Kerswill Churchwarden: David Perry Lay Vice Chairman: David Perry Deputy Churchwardens: Carlton Patterson & Tim Kloss Reader and Deanery Synod Representative: Colin Heath Reader and Parish Safeguarding Officer: Vicky O'Kelly Hon Treasurer: Jessica Jones Second Deanery Synod Representative: Alan Hobbs Electoral Roll Officer and Deputy Safeguarding Officer: Julia Boydon Pastoral Assistant: Cathy Heath PCC Secretary: Janice Richardson Elected Members: Janice Richardson, Carlton Patterson, Judy Kerswill, Julia Boydon, Len Kerswill, Lesley Inwards, Sharon Nixon, Sue Stear and Tim Kloss
Signed on behalf of the PCC: Rev. Vanessa Kerswill V�I�
Date:
page 6
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Independent Examiner's Report**
I report to the trustees on my examination of the financial statements of St Peter's Church Watford ('the charity') for the year ended 31st December 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination 1 have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (1CAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no materiat matters have come to my attention in connection with the examination giving me cause to betieve that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable 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 shoutd be drawn in this report in order to _enabte_ a proper understanding of the accounts to be reached.
Kathryn Pickering Independent Examiner
Date:
page 7
## **St Peter's Church Watford Year Ended 31st December 2025 Statement of Receipts and Payments**
## Registered Charity Number: 1203826
||||**2025**|||2024||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**||Unrestricted|Restricted||
|||**Funds**|**Funds**|**Total Funds**|Funds|Funds|Total Funds|
||**Note**|£|£|£|£|£|£|
|**Receipts**||||||||
|Donations and legacies||56,687|150,382|**207,069**|61,217|62,143|123,360|
|Charitable activities||22,473|7,028|**29,501**|12,107|5,930|18,037|
|Investment income||3,316|697|**4,013**|6,655|969|7,624|
|**Total Receipts**|**2**|82,476|158,107|**240,583**|79,979|69,042|149,021|
|**Payments**||||||||
|Payments on||||||||
|charitable|**3**|79,642|47,984|**127,626**|74,992|47,130|122,122|
|activities||||||||
|**Total Payments**||79,642|47,984|**127,626**|74,992|47,130|122,122|
|||||||||
|**Net Receipts /**
**(Payments)**||2,834|110,123|**112,957**|4,987|21,912|26,899|
|**Net Movement in**|**Funds**|**(Cash)**||||||
|Total funds||||||||
|(Cash) brought|**8**|24,958|99,637|**124,595**|19,164|78,532|97,696|
|forward||||||||
|Transfers|**8**||||807|(807)||
|**Total Funds (Cash)**
**Carried Forward**||27,792|209,760|**237,552**|24,958|99,637|124,595|
|**Represented by**||||||||
|General (Unrestricted)||27,792||**27,792**|24,958||24,958|
|Restricted funds|||209,760|**209,760**||99,637|99,637|
|||**27,792**|**209,760**|**237,552**|24,958|99,637|124,595|
These financial statements were approved by the PCC and signed on their behalf by:
**Name:** ~~f~~ ~~_V�\5f_~~ _[�wLL]_ **Signed on behalf of the PCC: Date of approval:** page 8 ' o3t R-l u;
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Statement of Assets and Liabilities**
The accounts are prepared on a cash basis and thus there is no formal Balance Sheet or Statement of Financial Position. Instead a statement of assets and liabilites is outlined giving an indication of the charity's assets at the year end.
|**Note**
**Fixed Assets**
CCLA investment
**9**
CCLA deposit account
**9**
**Current Assets**
Cash at bank and petty cash
Debtors
**10**
**Current Liability**
Creditors
**11**
**NET Current Assets/ (Liabilities)**|**2025**
**£**
68,729
0
───────
**68,729**
237,552
2,234
───────
**239,786**
28,096
───────
**28,096**
**211,690**|**2024**
**£**
69,604
3,172
───────
**72,776**
124,595
8,409
───────
**133,004**
30,565
───────
**30,565**
**102,439**|
|---|---|---|
page 9
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Notes to the Financial Statements**
- **1 Basis of Preparation**
The financial statements have been prepared on a cash basis when receipts and payments take place through the bank account or petty cash.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Fund Accounting**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of a specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources and the money has been paid.
## **Resources Expended**
Expenditure is recognised on a cash basis when payments have been made through the bank account or by petty cash.
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Receipts and Payments as they become payable in accordance with the rules of the scheme.
## **Taxation**
The charity Is exempt from tax on its charitable activities.
page 10
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025 Notes to the Financial Statements**
|**2**|**Analysis of Receipts**|**Analysis of Receipts**|**2025**|||2024||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total Funds**|Unrestricted|Restricted|Total Funds|
|||**Funds**|**Funds**|**2025**|Funds|Funds|2024|
|||**£**|**£**|**£**|£|£|£|
||**Donations and legacies**|||||||
||Donations|45,394|21,919|**67,313**|47,287|51,365|98,652|
||Gift aid|9,983|4,343|**14,326**|13,930|9,039|22,969|
||Grants|1,310|118,975|**120,285**|-|1,000|1,000|
||Legacies|-|5,145|**5,145**|-|739|739|
|||──────────────||───────|───────|───────|───────|
|||56,687|150,382|**207,069**|61,217|62,143|123,360|
||**Charitable activities**|||||||
||Church & hall rental|17,470|-|**17,470**|6,886|-|6,886|
||Church events|3,868|6,835|**10,703**|3,216|5,282|8,498|
||Funerals|569|-|**569**|1,191|-|1,191|
||Baptisms|242|-|**242**|178|-|178|
||Other income|100|193|**293**|480|648|1,128|
||Weddings|224|-|**224**|156|-|156|
|||──────────────||───────|───────|───────|───────|
|||22,473|7,028|**29,501**|12,107|5,930|18,037|
||**Investment Income**|||||||
||Bank interest|-|697|**697**|83|969|1,052|
||Funds drawn down|3,316|-|**3,316**|6,572|-|6,572|
||from investment accounts|||||||
|||──────────────||───────|───────|───────|───────|
|||3,316|697|**4,013**|6,655|969|7,624|
|||──────────────||───────|───────|───────|───────|
|**Total Income**||**82,476**|**158,107**|**240,583**|79,979|69,042|149,021|
|||──────────────||───────|───────|───────|───────|
|**3**|**Payments on Charitable Activities by Fund Type**|**Payments on Charitable Activities by Fund Type**|**Payments on Charitable Activities by Fund Type**|**Payments on Charitable Activities by Fund Type**||||
|---|---|---|---|---|---|---|---|
||||**2025**|||2024||
||**Note**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total Funds**
**2025**|Unrestricted
Funds|Restricted
Funds|Total Funds
2024|
|||**£**|**£**|**£**|£|£|£|
||Building costs|14,654|4,382|**19,036**|13,993|11,958|25,951|
||Staff salaries**5**|(1,533)|33,577|**32,044**|11,598|24,754|36,352|
||Administration
costs|5,813|-|**5,813**|5,459|-|5,459|
||Parish share|41,341|-|**41,341**|29,733|-|29,733|
||Fundraising costs|-|6,508|**6,508**|-|3,640|3,640|
||Church activities|13,191|3,018|**16,209**|9,416|5,526|14,942|
||Giving|4,881|499|**5,380**|3,600|1,252|4,852|
||Staff related costs|1,295|-|**1,295**|1,193|-|1,193|
|||──────────────||───────|───────|───────|───────|
|||**79,642**|**47,984**|**127,626**|74,992|47,130|122,122|
|||──────────────||───────|───────|───────|───────|
page 11
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Notes to the Financial Statements**
## **4 Volunteers**
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
## **5 Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Wages and salaries|**32,044**|36,352|
||**`─────────────`**|**`─────────────`**|
Note that staff costs in unrestricted funds are negative due to statutory maternity pay rebates.
The average head count of employees during the year was as follows:
||**2025**|2024|
|---|---|---|
|Average Head Count|2|2|
No employee received employee benefits of more than £60,000 during the year (2024: none).
Rev Vanessa Kerswill is employed by the Diocese and not by the PCC so the employee costs and head count have not been included in the figures shown. Parish share costs can be seen in note 3.
St Peter's Church Watford participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two sections:
1. the Defined Benefits Scheme
2. the Pension Builder Scheme, which has two subsections;
- a. a deferred annuity section known as Pension Builder Classic, and,
- b. a cash balance section known as Pension Builder 2014.
Both sections of the Pension Builder Scheme are classed as defined benefit schemes. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the Statement of Receipts & Payments in the year are the contributions paid during the year and included in Staff salaries (2025: £3,311, 2024: £4,237).
## **6 Trustee remuneration and expenses**
During the year four trustees incurred out of pocked expenses which were all incurred for the day to day running of the charity's activities. The types of expenditure include administration costs, pastoral gifts, licences, support costs and other charitable activity expenditure.
## **7 Related party transactions**
There were no related party transactions which took place during the year (2024: £0).
page 12
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025 Notes to the Financial Statements**
## **8 Analysis of Charitable Funds**
|**Analysis of Charitable Funds**||||||
|---|---|---|---|---|---|
||1 Jan 2025|Income|Expenditure|Transfers|**31 Dec 2025**|
||£|£|£|£|**£**|
|**Unrestricted Funds**||||||
|General|24,958|82,476|(79,642)|-|**27,792**|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
|**Total Unrestricted**|**24,958**|**82,476**|**(79,642)**|**-**|**27,792**|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
|**Restricted Funds**||||||
|Flower Fund|417|100|(196)|-|**321**|
|Legacy Fund|347|5,181|-|-|**5,528**|
|Friday Tea Party|-|-|-|-|**-**|
|Children's & Family Worker|33,777|20,000|(33,578)|-|**20,199**|
|Chair Fund|1,009|-|-|-|**1,009**|
|Churchsuite Subscription Fund|-|-|-|-|**-**|
|Special Offerings|-|1,846|(499)|-|**1,347**|
|Meriden Tots|-|1,976|(1,585)|-|**391**|
|Building Fund - Grow Together|64,087|129,004|(12,126)|-|**180,965**|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
|**Total Restricted**|**99,637**|**158,107**|**(47,984)**|**-**|**209,760**|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
|**Total Funds**|**124,595**|**240,583**|**(127,626)**|**-**|**237,552**|
||`────────────`|`────────────`|`────────────`|`────────────`|
`────────────`|
## **Fund Descriptions**
Flower Fund Legacy Fund
Friday Tea Party
Children's & Family Worker Chair Fund Churchsuite Subscription Fund Special Offerings
Building Fund - Growing Together
Meriden Tots
Income and expenditure on church flowers.
Fund for legacy donations given in memory of loved ones for one off or large church projects.
Donations for weekly social group serving the elderly in the parish. Friday Tea party came to an end in December 2023.
Income and expenditure for our children's and family Pastor salary. Giving to replace the church pews with new chairs. Giving to fund our annual subscription to Churchsuite.
Giving for special projects and special offerings for others at Easter, Harvest and Christmas.
Church building project. Involving knocking down the existing church hall and building a new church centre - a hub for the local community. Receipts and payments in the fund include donations and building project costs as well as those relating to fundraising events.
Meriden tots fund includes grants and donations towards Meriden tots as well as costs of running the Meriden tots toddler group.
page 13
Registered Charity Number: 1203826
## **St Peter's Church Watford**
## **Year Ended 31st December 2025**
## **Notes to the Financial Statements**
## **9 CCLA Investments**
|Eastlea Investment Fund
CCLA Deposit Fund
**TOTAL**
**10 Debtors**
Gift aid
Hall hire
Statutory maternity pay
**11 Creditors**
Energy supplier
Parish share
HMRC re PAYE & NIC
Other suppliers|Opening
balance
£
69,604
Opening
balance
£
3,172
**72,776**|
Dividends
reinvested £
1,954
Deposits
made £
-
**2025**
**£**
894
1,340
-
**2,234**
**2025**
**£**
-
27,122
974
-
**28,096**|Withdrawn
£
Gain/ (loss)
£
-
(2,829)
Withdrawn
£
Interest
reinvested
£
(3,316)
144
**(3,316)**
2024
£
1,122
804
6,483
8,409
2024
£
2,184
27,122
-
1,259
30,565|
**Closing**
**Balance £**
**68,729**
**Closing**
**Balance £**
**-**
**68,729**|
|---|---|---|---|---|
page 14