2025-12-31-accounts

The Parish of Pangbourne with Tidmarsh and Sulham St James | St Laurence | St Nicholas 2025 ANNUAL REPORT AND ACCOUNTS St james. pangbouine Photo credit.. Rachel Jeremiah of the Parochial Church Council for the Parish of Pangbourne with Tidmarsh and Sulham

Inclusive Church 2025 Annual Report and Financial Statement Page I

Patrons St James the Less, Pangbourne St Laurence, Tidmarsh St Nicholas Sulham Church Society Trust Bishop of Reading Henry Scutt PCC Membership and Objectives The PCC is registered with the Charity Commission (No. 11279431, made up of elected and ex- officio PCC members of St James the Less, St Laurence and St Nicholas lin accordance with the Church Representation rules). Banks Co-operative Bank, PO Box 250, Oelf House, Skelmersdale WN8 6WT (Changed from HSBC in January 20221 CCLA Investment Management Ltd, 85 Queen Virtoria Street, London EC4V 4ET Independent Examiner Francis Wells- Meonwood, Heath Road, Wickam, Nr Fareham, HANTS P017 6JZ Insurance Ecclesiastical Insurance Office plc Statement of Intent The Parochial Church Council IPCCI of Pangbourne with Tidmarsh and Sulham IPTSI consults and co-operates with the Incumbent'in promoting the whole mission of the Church in this parish, pastoral, evangelistic. social and ecumenical., Parochial Church Council Chair Revd Mark Hopkins Secretary Vanessa Saunders 2023 - 2026 Treasurer Stephen Billyeald 2023 - 2026 Church Warden Julia Sheppard Deputy Church Warden Elected Members Emma Barker 2023- 2026 Penny Billyeald 2025- 2028 Wilma Grant IPCC Lay Chair and Deanery Synod Repl 2023- 2026 Mark Littledale 2023- 2026 Dilys Rogers 2023- 2026 Nicky Caton 2025- 2026 Jill Palfrey (Deanery Synod Repl 2023- 2026 Business of the Parochial Church Council 2025 The PCC met seven times. A Report on Changes in the Electoral Roll In 2025 there were 84 members. The revised roll in April 2026 has 83 members. Two people came off. One person moved out ofthe parish but remains on the Electoral Roll. One person has been added to the Electoral Roll. Vane55a Saunder5, Electoral Roll Officer 2025 Annual Report and Fir)an¢ial Statement Page 2

PCC Policies in 2024 Prevention and Safeguarding Policy Updated annually Pastoral Visiting Policy Health and Safety Food Hygiene Data Protection Safer Recruitment Payment of Staff Tithing and Charitable Giving Collections Reserves and Investments No change to the above policie5 A Review of 2025 Rector Rev Mork writes... ..In Christ Jesus you ore all chlldren of God throughfaith. 27As many of you as were baptlzed into Christ have clothed yourselves with Christ. There Is no longerjew or Greek, there is no longer slave orAree, there Is no longer mole andAemale,'fvr all of you are one in ChristJesus.- (Golotiuns 3.2&28J As I cast my mind back to the start of 2025, 1 am reminded that in February we concluded our series of seminars on becoming an Inclusive Church. The last seminar asked us to examine "economic power" It has felt especially important in the midst of a cost-of-living crisis to recognise our riches relative to others and also how many blessings we receive as children of God and brothers and sisters of Christ. With that in mind. I was enormously encouraged how we were able to pull together as churches and raise funds quickly to install our new heating system at St James the Less and repair the roof at Sulham. This was due to the generosity of our congregations and communities and the excellent work of those involved in the fundraising campaign. With the conclusion of the seminars, our PCC agreed to formally join Inclusive Church, an or8anisation which promises to "continue to challenge the church where it continues to discriminate against people on grounds of disability, economic power, ethnicity. gender, gender identity, learning disability, mental health, neurodiversity, or sexuality., This has become especially important in the face of our changing world. nation and national church, where u-turns have become normative and uncertainty abounds. In such a climate tt is more important than ever that we are parish churches here for everyone, whatever their life circumstances, and able to be a beacon of hope which rests upon the rock of our saviour Jesus Christ. 2025 has at times felt like it brought with it one challenge after another. As a parish we were regrettably unable to pay our parish share in full this year, but given the extensive projerts we needed to undertake with heating installations and roofing projects this was not a huge surprise and l am more encouraged by the commitment of our churches than disappointed. l am enormously thankful for the work of my colleague and our curate Rev Rachel Jeremiah, who in addition to conducting the lion's share of weddings and funerals when I was not able, has revitalised our children and families outreach through Joyful Noise and developed our pastoral care of the bereaved through the Oosis Bereavement Group. When Rachel completes her curacv 2025 Annual Report and Financial Statement Page 3

in 2026 and moves to her new post, l am determined we continue both of these ministries and strengthen our commitment to being a caring, compassionate, and inclusive church. There are many, many people who l am thankful for whom without their support of our churches we would be simply unable to function. There is inevitably a danger when listing names of overlooking someone- however I will try not to. l am grateful to our churchwarden, Julia Sheppard, and to our cler8y Wlth permission to officiate, Rev Barry Ashdown and Rev Tony Naden, who support me in the week-in, week-out leading of worship and preaching. In 2025 Revd Tony started additionally studies on the Old Testament {"0 Tea") where he has shared his extensive wisdom and knowled8e with many of us. l am grateful too for our organist Wilma Grant for leading our musicians, and our administrator Vanessa Saunders for her practical support. For our treasurer Stephen Billyeald who not only helps us as churches keep our accounts in order but also work5 at both parish and deanery level to ensure money given to our churches is well spent on projects that will both keep our buildings open, and further mission and growth. I thank our duty wardens Jill Palfrey, Brian and Christine Tims, Heather and Cliff Thorne, and Stephen and Penny Billyeald for their assistance at PanEbourne; Mark Littledale for assistance with building matters across the churches, and Jennifer Nutt and Gillian Alderton for their aid at Tidmarsh and Sulham respectively. Sarah Rasmussen and her team have my thanks for beautiful flower arranging, Len Palfrey and the bellringers for their commitment to services and weddings, and l am also grateful to those who help with cleaning, green gym, welcoming, and in numerous other ways. Thank5 too to the PCC for helping keep our focus on movin8 forwards projects and not allowing problems to linger. In 2025 we continued with several regular community and church events and were able to add a few more. In February we had Spring flowers at Sulham and the annual church quiz at Pangbourne. We held Lent lunches to raise money for Christian Aid and ran a Lent Course based around the film "Chocolat" which led to some excellent discussion about diversity, judgement, temptation and giving things up I In June, we had a stall at Pangbourne fete and held two concerts from the Berkshire Chamber Music Festiv31. A new event was a well-attended garden party at the Rectory with music ranging from folk to light opera and excellent refreshments. At the end of the summer, we participated in Tidmarsh's VJ day celebration held on the Green. Once again. we enjoyed harvest festivals at Pangbourne and Sulham and Remembrance services in both these churches. Also in November we hosted a charity market in St James. We continued to run our Christmas tree festival alongside our regular services and a course based upon "Miracle on 34th street" during Advent. We had the pleasure of helping out the Pangbourne Choral Society by hosting their Christma5 concert, and nearly all our Christmas services saw larger congregations than last year (perhaps due to new heatingl} Looking forwards to 2026. there will be challenges- to continue to keep our churches open as beacons of hope in a challenging world, to overcome shortfalls in finances when so many of us face financial challenges, and to maintain our vision as an inclusive church. here for the local communities, to support you, and help you draw closer to our Lord Jesus Christ. Rev Mark Hopklns 2025 Annual Report and Financial Statement Page 4

A Report on the Activities of the Parish in 2025 Parish Vision A united parish with three churches reaching out to all in our community and beyond as Christian witness. Pa rish Mission To offer a warm welcome, fellowship and a caring environment to families and worshippers of all ages. To activelygrow our church family by encoura8ing peopleto learn more about what it means to be a follower of Christ and to continue to serve those in our local and wider community through discipleship and love. Parish Action Plan Focus on ways to increase our engagement with children and families. Encourage and enable church members to grow their relationship with Christ through personal discipleship. Raise our profile in the community and strengthen our links with local schools, groups, organisation5 and individuals in all three villages. Develop our use of digital technology to further our mission. Improve access to our churches for all. Church Administrator Vanessa Saunders is employed as the parish administrator. Safeguarding Parish Safeguarding Officer - Julle Laybourne; Verifier- Vanessa Saunder5 As last year, Safeguarding in the Church of England continues to be in the national news. Julie Laybourne has taken over the role of Parish Safeguarding Officer IPSOI from Jill Parfrey. Julie would like to thank Jill for her service and particularly for her ongoing assistance to date. t is good to report that no safeguardin8 concerns were raised. Safeguarding is a standing item at every PCC meeting. The Policy is reviewed and approved annually by the PCC. A 'Promoting a Safer Church, poster is displayed, together with the Parish safeguarding Policy, at each of our three churches. The poster gives contact details for the parish safeguarding oKicer and a contatt at the diocese. Safeguarding arrangements are also clearly visible on the parish website. Every three years all clergy and PCC members renew their training to the appropriate level and DBS checks also where required. The PSO is responsible for ensuring this is monitored for any13y members involved in parish artivities, in particular those that may include children or vulnerable adults: the new PSO is in the process of checking that such training and DBS checks are up to date. Julie Laybourne Health and Safety The PCC is mindful of the risks associated with its various activities. The PCC has particular regard to the child protection and vulnerable adult's requirements at all times. 2025 Annual Report and Financial Statement Page 5

Insurance Our insurance provider is Ecclesiastical Insurance and all three churches are covered by one policy. Mission Partners and Charities Supported in 2025 The Charities we supported in 2025 were: For our Tithe Local- CIRDIC National - Mission to Seafarers International- Miriam Dean Fund We also donated to.. Christian Aid Plan International Readifood Tear Fund Royal British Legion Royal County of Berkshire Churches Trust • All Churches Together The Children's Society Christian Aid Lent lunches were held in aid of Christian Aid and raised £547.56 Services and Worship in PTS Our heartfelt thank5 go to the lay member5 of the Ministry Team: Julia Sheppard, Wilma Grant, Jill Palfrey and Heather Thorne, Mark Littledale, Vanessa Saunders and to our retired priests with Permi55ion to Officiate.. Rev Barry Ashdown and Rev Tony Naden. Permlssion to admlnlster the challce In Communion in 2025 was held by Len Palfrey, Hugh Richardson, Julia Sheppard, Heather Thorne, Jill Palfrey, Brian Tim5, Christine Tims. Thank you to those who have taken part in staffing our parish worship. Occasional Offices 5 Infant Baptisms and l adult baptism 5 Weddings 9 Funerals took place in the parish and at the crematoria, 3 Memorial Services and 11 Burials of Ashes A special service for those recently bereaved was held at All souls Tide in St James. Deanery Synod Area Dean: Revd Grant Fensome Lay Chair.. vacant Parish Deanery Representatives.. Wilma Grant and Jill Palfrey, one vacancy Meetings were held on 27 March at St Peter's Woolhampton- 317125 at All Saints Upper Bucklebury and on 20111125 at St Stephen's Upper Basildon. Discussions took place on the parish share, children and young people services and events across the Deanery and what was successful and working well. At every meeting there was a ' 5 minute in the life of, someone in the deanery, which ha5 been very interesting. Wilma Grant, Deanery Synod Representative 2025 Annual Report and Financial Statement Page 6

Music and Singing Thank you to all the singers who continue to support weekly Services and help to lead the hymns and music. This is very much appreciated. They are Ellie Thorne, Heather Thorne, Helen Norris, Dilys Rogers, Pat Linton, lan Busby, Cliff Thorne, Mark Littledale and Martin Halliday. Wilma Grant, Music Co-ordinator Noah's Ark 2025 continued with a regular attendance of Mums, Grannie5, and other carers bringing their babies, toddlers and pre-schoolers every Friday morning. Numbers fluctuate as our older ones go to Pre-school but new ones come along. Rev Mark, Rev Rachel and Jill Palfrey have continued to lead each week and the topics covered have been many and varied. It follows the familiar format of coffee and chat, with craft and toys for the thildren, followed by a very short service with a story, prayer, praise songs with shakers and the birthday hat. After the candles have been extinguished, we have a short time of nursery rhymes and the goodbye song. It continues to provide an important opportunity for new mum5 to meet others in the same situation and long-term friendships are often formed. We continue to offer Stay & Play,. Play sessions in some of the school holidays and everyone has enjoyed visits from Word Puppets in half-term holidays. Word Puppets lour warden Julia Sheppard is one of the puppeteers) give of their time and expertise freely. Rev Mark joins the puppeteers for one of their songs. Other highlights were a vislt from our local police force, a Teddy Bear5 Picnic at the end of the summer term and a very special live music morning with Poppy Beddoe from the Berkshire Chamber Music charity. We have a small band of very loyal helpers to whom we are so grateful. If you are interested in being involved and can commit to helping regularly on Friday mornings please talk to Mark or Jill. Jlll Palfrey Joyful Noise The bi-monthly, all-age, intergenerational breakfast setvice Joyful Noise continues to be an important part of our church's worship and community life. Over the past year, this service has moved from being an additional early-morning offering to taking place within the main Sunday morning setvice time. This change was made to affirm the value of worshipping together as one church family, to ensure that people of all ages are fully included in our shared life and worship, and in response to feedback from helpers and families for whom a 9.00am start had proved challenging. The seNice combines informal worship with a shared breakfast and is held at the back of the church, creating a relaxed and welcoming atmosphere that appea15 across the generations. The format encourages participation through accessible teaching, creative elements, and opportunities for children, youn8 people, and adults to engage together rather than separately. Joyful Noise was also held on Good Friday, welcoming families into church to worship on this important day. While retaining its interactive and intergenerational character, the service adopted a more reflective and restrained tone in keeping with the solemn nature of the occasion. Since moving to the principal Sunday seNice time, Joyful Noise has been warmly received. It has enabled regular members of the congregation to worship alongside families and those who may not usually attend more traditional Services. strengthening our sense of beir)g an intergenerational community. Refreshments continue to play a key role, helping to foster relationships and encourage conversation across age groups. The service is supported by a dedicated team of volunteers who plan and lead worship, prepare food, and offer a warm welcome to all who attend. Their commitment and flexibility have been vital in ensuring a smooth transition to the new service time. Looking ahead, our aim is to continue developing Joyful Noise as a place of inclusive worship, hospitality, and belonging, while ensuring it remains well integrated into the wider pattern of Sunday worship. We give thanks for this service and for the way it helps Us grow together in faith, fellowship, and mutual under5tariding across generation5. Rev Rachel Jeremiah, Curate 2025 Annual Report and Finèncial Statement Page 7

Bell Ringing Our core band still has 9 member5. We have one new learner, who is making excellent progress. and two improvers. We are always on the lookout for new recruits, if you want to have a go, or just find out a bit more about bell ringing, our door is always open, just come in when the bells are not ringing. We have been most gratified by the positive comments we have received from members of the congregation and general public. Thank you. Len Palfrey, Tower Captain St James Café The café was suspended during the cold weather months due to the new heating needing to be installed, but reopened to meet twice a month on Wednesdays from 11-12.30 from May onwards. It has been appreciated by both the Wednesday 10am congregation and members of the village a5 a chance to stop for a coffee and a chat. l am very grateful for all those on the rota who have supported leading the cafe. We have struggled with recruiting enough helpers to run the café twice a month, 50 the future of the café, its frequency of meeting its nature and its viability will be reviewed in 2026. Rev Mark Hopkins, Rector Oasis Bereavement Group Oasis is a monthly bereavement support group that continues to be a valued expressior) of the church'5 care and outreach within the parish and wider community. It offers a safe, welcoming, and compassionate space for those grieving the10s5 of a loved one, providing attentive listenin& mutual support, and gentle encouragement that reflects God's love and presence in times of loss. Meeting once a month at The Elephant Hotel, Oasis is intentionally open to anyone in the local tommunity as well as the parish, whether their bereavement 15 recer)t or long past. By meeting in a familiar, neutral setting beyond the church building, the group offers an accessible and non-threatening point of contact for those who may not otherwise engage with church life. Each gathering includes time for conversation, shared reflection, and refreshments, allowing trust and relationships to grow naturally and at a pace that feels right for participants. Attendance has remained steady over the past year, with a small but faithful group meeting regularly. New members continue to join through pastoral referrals, local connections, and word of mouth, demonstrating the ongoing need for this ministry within the community. Feedback consistently highlights how Oasis provides a rare and preciou5 space where people feel heard, supported, and less alone in their grief. Oasis 15 led by a dedicated team of volunteers who offer their time, care, and pastoral sensitivity with great generosity. Their commitment and compassion are central to the group's success and enable the church to maintain a visible and meaningful presence of care beyond its regular worshipping congregation. Looking ahead, the aim is to continue offering Oasis as a consistent and reliable source of support, while exploring gentle ways of raising awareness within the parish and local community. We give thanks for the ministry of Oasis and for the way it enables the church to serve its community with compassion, hope, and companionship, bearing witness to God's love in times of deep need. Rev Rachel Jeremiah, Curate Flower Arranging Thank you to our wonderful team of flower arrangers- Pauline Jones, Beverly Hughes, Dilys Rogers, Jayne Davidson, Pam Killender, Lorraine Ashdown, Pat Coyle, Jill Palfrey, Margaret Rhodes, Fiona Hope. Alyson Ebbrell, Michele Cheer, Sarah Rasmussen. Thanks to Mark Littledale for taking photographs of the flower arrangements. 2025 Annual Report and Financial Statement PaBe 8

The use of faux flowers continues to be a real cost cutter. Investment in a good range of colour5 and life- like blooms mean we rarely have to buy the higher priced fresh blooms for the altar pedestal. We rarely Use floral foam for arrangements (to reduce our environmental impact) and that again reduces costs. Wedding couples continue to use external florists for most services, but we were thrilled to "push the boat ouv, for our own Rosie Sumner ar)d Tim Baxter for their August Itropically hotll wedding in St Jame5. We made up some lovely simple posies for Mothering Sunday and at Easter the team created beautiful yellow and white arrangements. For Harvest we used natural flowers in Autumn tones in glass vase5- with fruit and vegetable. We arranged the three-panel canvas of a poppy head placed above the altar and did simple ivy fronds decorated with our crochet poppies on the window sills. Simple pew ends were made with ivy and plastic poppies. A memorial wreath was produced for All Souls, in which the congregation was able to add their own memorial flowers during the service. For Advent Lorriane made an Advent Crown and at Christmas we created beautiful displays which dovetailed with the Community Christmas Trees. The theme of the trees this year was 'Stars" Hosting the impromptv Choral Concert by the Pangbourne Choir brought many new people into the church and many compliments were made about the festive atmosphere and decorations in the church which enhanced the event. Sarah Rasmussen Fabrics Goods and Ornaments Once again, l am grateful for the fundraising efforts of the whole churth and community. the PCC, and the dedicated time of Stephen Billyeald, Mark Littledale, Len and Jill Palfrey and Julia Sheppard in helping us keep our churches safe and beautiful. This year major works included the installation of the new heating 5V5tem at St James the Less, Pangbourne, and repairs to the roof and pinnacles at St Nicholas, Sulham. No major works were undertaken at St Laurence, Tidmarsh. Exploratory work began in consultation with the diocese and heritage experts regarding the best pproach to repair the interior decoration at Sulham. Plans were also drawn up and initial quotes sought for replacing the toilet at PanEbourne with a disabled-access toilet and baby-change, with a view to undertaking this when funds allow. Routine maintenance in 2025 continued across all the churches. Fire extinEuishers were serviced in February. Tuning of all three organs took place in May and the organ in St Jame5 again in November. Sadly there appears to have been damage to two of the organ pipes at St James and this will receive attention in 2026. Repairs were carried out to the organ at St Nicholas. Further matters specific to the churches are detailed below. St James the Less, Pangbourne The predominant project focu55ed upon at St James in 2025 was the installation of the new heating system. Following a rapid and very successful fundraising campaign, under-pew heaters were installed in the choir stalls and the centre and right aisles of pews in February. In October, these were Supplemented by overhead panel heaters which heat the rear of church, sections at the front not covered by pew heaters, and the far left aisle where there are no under pew heaters. The new heating system proved very effective for the Advent and Christmas carol setvices when the church was full. The tower required a deep clean and repair of the louvres followin8 many pigeons and white doves taking up residence there. This was a health & safety i55ue, particularly as it meant no maintenance of the clock or bells could take place until the guano was removed. The clean was carried out in May and the bell ringers themselves met much of the cost. Since then, the clock has been serviced but it is still provin8 to be a little troublesomel 2025 Annual Report and Financial Statement Page 9

The interior and exterior wooden doors at St James were re-treated to protert the woodwork and the tower door repainted. Following a substantial fall of plaster in the sacristy in August and upon noticing crack5 both internally and externally a report from a Structural Engineer was commissioned. There was extra concern as there is a previous history of subsidence at the east end of the church. However. the report from the structural engineer indicated that work was required to the roof and guttering over the Sacristy and in the surrounding area and this remedial work has been carried out at the beginning of 2026. We are grateful for the Green Gym team for their ongoing and regular work in the churchyard to keep things orderly and tidy. St Laurence, Tidmarsh We continue to be grateful to the Friends of St Laurence who help maintain the churchyard at St Laurence. No specific projects were undertaken at St Laurence in 2025, though we are looking in 2026 at widening the wooden gates and investigating plastework within the church. St Nlcholas, Sulham An energy audit was completed in January which confirmed that the current heating system is fit for purpose and that we are a net zero church. Work was carried out in March to secure è loose pinnacle and it was confirmed safe by a stonemason. Work was also undertaken to repair the tower roof and prevent leaks. Repairs were carried out in the Summer to the organ to correct the "chuffing" sound. Estimates were obtained for redecorating the inside of the church. Following a lot of communication with the DAC we then had work completed by a picture conservator to help us work out how to complete the decoration in the correct way. We still need to produce a final recommendation and then present this to the DAC before we commence any works. However investigative work has Subsequently revealed more serious problems with the roof, we are awaiting an estimate for the works required to fix this in 2026. Revd Mark Hopkin5, With assistance from Jill Palfrey and Mark Littledale. Green Gym Throughout 2025 our regular participants continued to work as a group on first Thursdays and third Saturdays. We just about managed to keep on top of the workload, not bad for a group whose average age is in the 70,511 l As alway5, a massive thank you to you all. With great sadness we said goodbye to two of our hardest working members who have moved away from the area. An enormous thank you to them and every Eood wish for their future. It was with great relief that we welcomed three new volunteers, a great boost to our productivity and a lowering of our average agel We are also grateful to our regular coffee makers, freeing up others to work outside. It is also a pleasure to have the help of Pangbourne College students once a year. Our equipment IS Showing signs of age but should keep going for a bit longer. We will have to look for funding for replacements in the not-too-distant future. We are always on the lookout for new people willing to Bive a little time to help. especially given our age I I l Anyone is welcome to join us on Green Gym days, or at times to suit yourself, just turn up and we will find you a jobl Len Palfrev 2025 Annual Report and Financial Statement Page 10

Accounts for the year to 31st December 2025 Headline Figures Unrestricted funds representing day-to-day operations of the parish showed an operating deficit of £IOk1£20k 20241. The deficit would have been £22k if we had not suspended parish share payment5 in November and December. Income was £16k lower than in 2024. Planned giving was £3k lower as a result of several donors no longer giving- we received a one-off deanery return of funds of £5k in 2024 and a one-off grant of £8k into 5t Nicholas designated fund to cover roof repairs in 2024. Expenditure was £27k lower than 2024 when we spent £IOk on St Nicholas roof repairs and £4k on boiler repairs and electrical upgrade at St James,. a further £12k was saved by the 2 month parish share suspension. Unrestricted Funds in the bank and invested at the end of the year are £17k compared with £27k last year. Thi5 represents just 2 months of expenditure compared with the minimum of 3 months which we should hold under Charity Commission guidelines. Restricted Funds which are funds donated for specific purposes showed an operating surplus of £3k- this was the net result of a £IOk donation to the St Nicholas Quinquenrbial Fund for redecoration and £7k net expenditure on St James Heating and Flower funds. We have a total of £55k in Restricted Funds. Investments Reserves of Unrestricted and Restrirted Fund5 are invested in Church of England investment funds managed by CCLA,. the investment value of these funds reduced during the year by £1.5k. These funds have grown by more than £52k over the past eight years and without this investment gain we would have run out of Unrestricted reseNes several years ago. Endowment Funds are capital funds donated for specific purposes from which we can only use the income,. income matched expenditure in 2025. The prime purpose of these funds is to maintain the Sainsbury grave in Pangbourne cemetery and the Gunter, Donaldson and Graham-Hodgson graves in St Laurence churchyard,. any additional income can be used for maintenance of St James's church and churchyard and St Laurence's church and churchyard. Endowment funds reduced in value by £3.8k during the year. 2025 Annual Report and Financial Statement Page 11

Unrestricted Income & Expenditure Income and expenditure breakdown as follows.. Unrestricted Income £96,408 Unrestricted Expenditure£106,098 Regular income includes bank standing orders, parish giving scheme and envelopes, all of which attract gift-aid- we also claim gift-aid on most plate collections. Regular giving was £2k down on 2024. wedding and funeral income was up £5k; community events were down £2k. Regular Incorne & Expenditure Sources of Regular Income 2025 v 2024 Elw t]1 It is our aim that planned giving including gift-aid1£66,9241 covers the cost of parish share1£73,259 was requested by the diocesel. The running costs and charitable giving are then covered by other sources of income including plate collections, weddings & funerals, community events and other donations. Planned giving has dropped slightly as a result of deaths and donors leaving the parish,. plate collections lespecially by card) have held up well,. irbcome from weddings & funerals and other sources such as one- off donations and legacies cannot be forecast or relied upon. We have become more reliant on community events in order to raise funds and these take tonsiderable time and energy from volunteers. The PCC 15 ever mindful of keeping running cost5 under tight control. Investment in the new heating system at St James has reduced the energy bill by some £1,500- we changed supplier in 2024 to reduce insurance cost,. we use endowment fund income where possible to Cover church and churchyard maintenance and repair costs- we are looking at ways in which we might limit the cost of our major expense of parish share. Stephen Billyeald Treasurer to the PCC 2025 Annual Report and Financial Statement Page 12

PCC of Pangbourne with Tidmarsh & Sulham st Statement of Financial Activities for the year to 31 December 2025 Unrestricted Restricted Endowment funds funds fuDds Total funds Prior ve8f Income and endowments from.. Donations and legaaes Income from charitable activitvs Other trading 8ctrvilies Investrnents Other incom& Total Income Not6 2181 Note 2lbl Note 2lcl Nole 2ldl Note 2 81,190 11.546 2, 722 950 35,038 116,227 11,546 4,159 3,591 110,111 6.384 4,385 4,173 2,902 127,955 1,438 2.641 96,408 36,47fj 2,641 13S,S24 Exp•ndltum on.. Raising funds Note 3lal Expenditu￿ on eh8ritable activities Note 3lbl Other ex enditure Note 3 Total expenditure 100 105,898 100 106,098 100 142,205 100 142,405 122 158.617 2.361 1e1,100 33.623 33,623 Net income I lexpondltur•l on Ordinary Actlvltles {9,8901 Oth•r r•cognised gain$ I losses Gainslllossesl on inv85tmenl assets Gainslllossesl on rtrvaluab'on of ourrenl assets 2,852 1431 16,8811 133.1451 13,7901 13.7901 11,1331 6,065 1951 11.1341 Transfers Transfers befften funds- in Transfers be￿eeTr funds- out Nèt mov•m•nt in funds 452 452 452 111,9011 539 539 127,0811 452 1.286 9.3531 13,8341 Totsl funds brought forward 26,500 54.103 103.711 184.314 211,395 Total funds carri¢d forward 17,146 55.390 99,877 172.413 184,314 2025 Annual Report and Financial Statement Page 13

Balance Sheet As8t 3111212025 Asat 3111212024 Flxed assets Investments Note 6lal 89,036 89.036 95,826 95,826 Current assèts Debtors Investments Ca$h At Bank And In H8nd Note 6lbl Note 6lcl Note 6(dl 3,730 69,652 15,166 88,S48 4,419 79,125 9,305 92,849 Liabilities Cr8diloTS.' Amounts Falling Due In One Year Notè 6lel 5,170 5,170 83.378 4,361 4,361 Net current asséts lèss eurr•nt liabllitleg Total net assets l•ss liabilltiès 172,413 184,314 Roprgsentgd by Unrestricted Funds Restri¢tod Funds Endowrmnt Funds Notè 5 lal Note 5 Ibl Note S Icl 17,146 55,389 99,877 26,499 54,103 103.711 Funds of th• ehureh 172.413 184,314 Signed by two trustees on behalf of all trustees Revd Mark Hopkins (Rector) Stephen Billyeald (Treasurer) Date of approv81 25 0 3/26 2025 Annual Report and Financial Statement Page 14

NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES Basls of ffinonty•l $tatèm•nts The finan¢ial statem$nts have been prepared in accordance with the ChurchAccounting Regulalions 2006. togètherwilh applicabl6 acwuntin9 Standards and Accounting and Reporting by Charities - Statemenl of Recommended Pract￿& (SORP 2005). The financial $tslÈments havè bean prepartrd under the historical cost convention ex￿p1 for the valuation of investment asseis, which arè shown at markètV8lu8. The financial statements inclvde all transactions. assets and liabilities for which ihe PCC is responsible in law. They do not include the accounts ofchurch groups thalowe their main affiliation to anoiher body or those th* are infomal gath$rings of ¢hur¢h members. Fund accountlng Endowment funds are funds, the capital of which must be maintsined,. only incorne arising from investment of the endowment may be used eitheras restricted or unrestrictsd lund$ dtrpending upon th8 purpos8 for wh￿h the endowment was established. ResIriGledlur￿S comprise lal income from trusts orendowments vthich may bè èxpended only on those restricted objects providgd in the terms of the trust or bequest, and Ibl donations or grants ￿CeNed for a specific object or invited by the PCC ftsr 8 specific object. The funds may only be expended on the specific object for which they were givèn. Any balan¢tr remaining unspent at the end ofeach year musl be carried forward as a balance on that fund. The PCC does not usual invest S6parat91y for 8a¢h fvnd. whe￿ there is no separate investn)ent, interest is apportioned to individual funds on an average balance basis. Unreslricted funds represent Ihe funds of the PCC th818re not subjgct lo any restrictions regar(ling their use and are available for application to the genefal pyrposes ol thtr PCC. Funds d8sun8ted for a particular purpose by the PCC are also unrestricted. Incoming resources Voluntary i￿Orne 8ndcapltal resources Planned giving, ¢ollethons and simil8r donations are recognised when received. Tax refunds are recognised when thè incoming resource to whlch they relate is r6ceiv6d. Grants and legaci8S to the PCC are accounted for when the PCC is entiled to the u$e of the iesour¢es. their ullimalg rec8lPt is considered reasonably certain and the amounts dLte are reliably quantthable. Funds raised by fetes and similar events, and sales of books and magazines from the Ghur¢h b¢)okstall are accounted for gross. Grfts in kn'nd for sal8 or distribution are included in ihe accounts only when sold or distributed by the PCC. Gifts in kirKI are accounted for al a reasonabl8 estimate of their value to the PCC OT ihe anY)unt actually realised. Glfts in kind for usè by thè PCC included a¥ inwming resources when receivable. Intangible income le.g. donated facilitsesl is only included in incomin9 resouroes (with an equivalent amount in resources expended) Whe￿ another party is beanng the financial cost of the resources supplied and the benefrt is quaniifiable, ceivable and material. Intangible income is valued at the low8r of the cost bome by the party bearing the cost and a reasonable estimate of the value of Ihe donation to the PCC. The value of any voluntsry help received is not included in the accounts but is described in the annual rgPQrt. Ineome from invèstments Dividends are accounted for when declared receivable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the samè aocounting periodlytr8r. Galns andlosses on Inv•stm•nts Re8lised gains and losses are recognised when investments are sold. Unre81ised gains or losses are 8ccounled for on revaluation ol investments at the balance sheet date. Reserves of Unrestricted and Restricted Funds are hekj in investment accounts managed by CCLA Investmenl Managèm8nt Ltd which $peci81ises in managing charity funds and is recommended by the Church ol England. In order to protect the value of Restrietod Fund$, any gains or losses on revaluation are accounted for in Unrestricted Funds In the Balance Shè&t. 2025 Annual Report and Financial Statement Page 15

Outgoing Resources Grants Grants 8nd donations are accounted for when paid over, or when awarded. if that award creat¢s ¥ bindin9 oblig81ion on th$ PCC. A¢tiviti•$ dir•¢tly relating to the wor of the Church £12,210 parish Share was unpaid at the balance sheet date.. this is not a legal liability and has not been promded for in these accounts as an operational li8bility and is not shown as a creditor in the balance sheet. ès for•xaminlng the accounts A donation of £250 to the PCC of Holy Trinity, Newtown Ithe church of the Independent Examiner) has been accnjed in the accounts, in recognitKsn ofthe woth carried out by the Independent Examiner in reporting on these accounts. Flxed assets Consecratedpmperty •ndmov•able church furnishings Consecrated 8nd beneffice property of any kind is exclLtded from the accounts by s.1012Kaland <¢1 of the Choitsgs Act 2011. Mtsvèable church fumishings held by the Rector and Churchwardens on special trust for ihe PCC, and which require ¥ faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected lat any r88sonable timel. For inalienable property acquired prior lo 2000, the￿ is Insufficient cost inforniation available and therefore such assets are not valued in the accounts. Items acquired Sin￿ 151 January 2000 have been capitalised and depreoialed in the accounts over their currently anticipated useful economic life leither five or ten years) on a straight-line basis. Olher flxtums, ffttlngs •nd offlc• •qulpm#nt Equipment used within the church premises is depreciated on a straight-line basis over four y68rs. Individual items of equipment with 8 tMJr¢hase price of £1,000 or less are written off when the asset is acquired. In￿SIMOnt5 Investments are valued at mathet vèlue on thè b818nce shetsl date. Currnnt assets Amounts owing to the PCC at the balance sheet dale in ￿SpeCt of fees, rènts or other income are shown 88 d8btors, 18s5 provision for amounts that may prove uncollectable. Short-lerrn dèposits include cash held on deposit either wrth the CBF Church of England Funds or with the PCC'S bankers. Stocks and wo* in progress are valued at lh& lower of co31 or mathet value. Change In basls There has been no change to the accounting policies (valuation rules and methods of aceountingl wnce 1851 year. Chong95 to previous acc¢)unts No changes h8ve bean made lo a¢oounls for previous years. 2025 Annual Report and Financial Statement Page 16

1. INCOME TOTAL Restrleted Elldowment Th1$ ye8r L851 Unrestricted Deslgnated year 2{al Donations and legacles Gift Aid- Bank Gift Aid- Envelopes Parish Giving Scherne other planned giving Loosé plate Collections Giving through church boxes One-off Gift Aid gifts One-off donations Donations appèals ètc Tax recoverable on Gift Aid Non-recurring one-off grants Other funds enerated Totals 18,536 1,155 30,846 2,088 10,437 215 381 1.006 18,536 18,763 2,253 2,264 30,846 2,088 34.336 11,343 11,173 228 304 2,526 2,140 11,964 13,814 10,996 3,0￿) 17,033 17,771 7,840 5,882 576 573 116,227 110,111 1,098 14 125 608 2,020 10.350 10,996 3,833 7,840 13,201 576 78,439 2,751 35,038 21bl In¢omg from charftable activities Fees for weddin9S 4,200 FÈÈS for funerals 7,407 Bookstall sales Totals 167} 4,133 7,407 1.813 4.571 11,613 1671 11,546 6.384 21cl Other trading actlvlt5es Fundraising Ev8nts Coffee Recei Is Totals 1,620 224 1,844 878 1,438 3.936 224 4,159 4,104 281 4,385 878 1,438 2{dl Investments Income frorn Trusts Bank and buildin socie Totals 2,641 2,641 950 3,$91 2,973 1.201 4,173 interest 950 950 2,841 21el Other Income Other Incorne Totals 2,902 2,902 INCOME TOTAL 92.846 3,562 36,476 2,641 135,524 127,955 2025 Annual Report and Financial Statement Pa8e 17

2. EXPENDITURE TOTAL Restrleted Endowment Tbis year Unrestricted Deslgnated Last year 31al Raising fLrnds Costs of fetes & othtrr evènts Totals 100 100 100 100 122 122 31bl Expenditure gn Charstable actlvities Giving to missionary societi@S Giving- relief and development agèno Giving to UK Chanties Secular charits.es Ministry parish share elc Organists P8rochial Fees Wedding Disbutsements Funeral Disbursements Salary of parish administrator Working expenses of incurnbenl R8Gtorfs broadband & phone Rèctory Garden Curate's Hou59 Parish training and mission Church running - insuranc8 Church office- telephone Organ I piano tuning Church maintenance Upkeep of services Flower expenses Vpkeep of churchyard Administratj'on Church Office Rent Subscripbons and Levies Church running - broadband St J Church running - electric Church running - gas Church running - water Govemance costs examinationlaudit fee Church major repairs- structu Church majof repairs- installation Acoessibili Pro ect Totals 442 442 602 1,792 221 61.049 4,866 3,136 560 416 3,381 1.848 874 12,1001 3,292 221 61,049 4.866 2.642 492 416 3,381 1,848 874 11,5001 4,902 252 74,196 3,597 1,222 214 494 68 3.758 2,134 949 990 6.000 6,000 26 3,443 6.000 26 6,929 3,486 6.940 57 5,204 7,509 840 1,312 3.866 2,509 120 937 1,415 2,712 1,056 816 278 7,502 618 338 292 567 1,183 3,802 618 1,381 275 2,346 715 2.008 1.381 55 2,346 115 998 456 1.220 238 207 250 220 456 3,498 238 270 250 5,934 19.941 27,801 6,557 1,500 142.205 158,617 1,362 916 3,000 1,020 2,478 2fj,781 1,5(M) 8.623 33,823 456 97,275 2,684 31cl Other expendI￿re Other Ex enses Totals 100 100 100 100 2,361 2,361 EXPENDITURE TOTAL 97,475 8,623 33.623 2,684 142.405 161,100

3. PAYMENTS TO STAFF & PCC MEMBERS (al STAFF COSTS 2025 2024 Wages & salaries 7,949 7,355 Ibl PAYMENTS TO PCC MEMBERS As an organist Mrs Wilma Grant, who is a member of the PCC, was paid £4,568 during the year. As parish adminislralor Mrs Vanessa Saunders, who is a member of the PCC, was paid £3,381. A small immaterial portion of expenses paid lo the Rector might have related lo his services as Chairman of the PCC. 2025 Annual Report and Financial Statement Page 18

4. ANALYSIS OF FUNDS Opening 5(a) Unrestricted Funds General Fund 125.1831 St James Legaries 19.352 St Laurence Design8led 9.397 St Laurence Legacies 14,934 St Nicholas Designated 7,699 St Nicttola5 Greenhill Bench 300 Inromillg Outgoing Transfers GainslLosses Journals Closing 92,846 500 890 97,475 11,5001 2,450 11501 373 15,143 114,9341 300 13001 1951 130,0571 21,725 22,980 2.172 7,673 2,498 Total Unrestrlcted Funds 26,499 96A08 108,098 432 {951 17,146 5(b) Restricted Funds St Jamos Accessbility Bells Flowers Healing Organ T8xli19S Music 4,840 4.230 29,929 7.402 1.023 373 2,480 938 1.500 4,277 4.280 26,498 3.081 2.936 2,297 26.781 567 11,1341 22.310 150 2,480 13731 12,480 St Laur•nc• Intemal Fumishings 209 12091 St Nlcholas Heating Quinquennial 1.617 2.000 1,617 12,700 13,178 2,478 Total R•strlcted Funds 54,103 36,476 33,623 14321 11,1341 55,389 5{c) Endowment Funds St James Sainsbury Trust Capital Sainsbury Tmst Income 46.829 251 13,0001 3.000 11,8311 41,998 1.885 1,279 2,645 St Laurence Donaldson Gift Capitsl 4,440 Donaldson Gift Incorne 1.761 Gunter Trust Capital 25,065 Gunter Trust Income 4,670 Lady Grah8m-Hodgson Bequ8St Caprtal 19,492 Income 1,203 {1771 4,263 1,884 24,063 5,366 123 11,0021 17791 18,713 1,706 542 39 Total Endowment Funds 103,711 2.684 13,7891 99,878 Grand Total 172,413 184,314 135,524 142,405 {3.7891 2025 Annual Report and Financial Statemerit Page 19

Lady Graham-Hodg8on Bequest Unapplied Totsl Retum Saln8bury Trust Trust for Unappli inveslment Total Return Trust for inve5trTient As at 1 January 2025 Base Value of permanent endowment Una lied tolal Telum 10,077 6.476 10.618 Total 47,080 20.895 v8m8nts in the year Investsnent ino)tne 1.279 542 Investment return realised and unrealised -1.831 -779 Unapplied total return allwaled lo inwme in Ihe year indexalitrn of base level of -2.645 -39 1,698 -1.698 421 421 As ai 31 December 2025 Base Value of pe￿a￿ent endowment Unapplied total ￿t￿M 42,3 10.498 1.581 9,960 Valuatlon at 31 D•eèmbor 2025 43,883 20.419 Tha purpose of the Sainsbury TrLL8t 18 the maintènance ofSI James Ihe Less churcth and churchyard Trmth Ihè r8qUèSt that the Sainsbury grave In Pangboume Hill Cemetery be kept In 9Jod order. The purpose of the Lady Graham-Hodgson 88quesl Is Ih8 mainlwance of Sl Laurence church and churchyard. so ￿n9 as the grave of Sir Harold Graham-Hedgson is maintained. 6. STATEMENT OF ASSETS AND LIABILITIES This Year Last Year 61a) Investments Sainsbury Trust Donaldson Grft Gunter Trust Lad Graham-Hod son Be uest Total Investments 41,997 4,262 24,063 18,713 89.036 46,829 4,440 25,065 19,492 95,826 61bl Debtors Accounts Receivable HMRC PAYE 3,721 4,601 182 4.419 Total debtors 3,728 61cl Current Asset Investments CBF Income Shares CBF Accumulation Shares Total CBF Shares 31,693 37,958 69.352 37,829 41,296 79.125 61dl Cash at bank 15.166 9.305 6(el Credltors: Amounts falllng due Sn one year Accruals Accounts Pa 1800} 4.370 15,1701 11,9101 2,451 14.361} able Total Credltors Grand Total 172,413 184.314 2025 Annual Report and Financial Statement Page 20

1. OTHER INFORMATION Related party transactions- There were no amounts owng to or from Membe￿ of the PCC, persons connected with them or other relatéd part18s. by the PCC at the period end. No ex%rdtia payments were madg by the PCC during the period.
2. DECLARATIONS Adèquxy of assets to meet fund rèstrictions Suffieienl reSOu￿S are held in an appropriate fonn lo enable each fund to be applied in accordancè vthh the iestrictions imposed. Braneho¥ The financial activities. assets and liabilities of all the PCC'S bian¢h¥s oi sections have been included. D&slgnat•d funds The PCC has cèrtain designated funds. These have been disclosed in Note slal above. Oiscontlnu•d, eontinuing and acquired 0￿ratIOnS All of the PCC'S operations are continuing operations. 8nd there were no operations discontinued or acquired during Ihtr period. Funds in deffclt Neither unrestricteil funds. nor any restricted nor endowment funds are in defioil at the balance sheel date. Int•r-fund laan• The￿ were no inler-fuTh1 loans outstanding at the balance sheet dale. Revaluat5ons None oflhe PCC'S fvnctional fixed assets have been re-valued during the year and the PCC does not have a policy of rèvalualion of these assets. Investments were malued at balance sh9&1 dale. Subsldlari• The PCC has no sub%diary ¢ompanies. Unwcapltalls•d flx•d assèts The PCC has no malerial fixed assets whieh havè not been capitalised and included on the balance sheet. 2025 Annual Report and Financial Statement Page 21