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

2. 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

3. 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
4. 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

5. 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

7. 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.
8. 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

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