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2025-12-31-accounts

Charity registration number 1128597 (England and Wales)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

LEGAL AND ADMINISTRATIVE INFORMATION

Parochial Church Council

Revd J Blair (Vicar) Revd C Blair (Vicar) Revd C Merrick (Assistant Minister) Mr N Stuart (Churchwarden from 31 March 2025) Mrs C Abson Ms E Cairns Mrs H Gaunt Mrs K Scott Mrs R Warner (Emly Deanery Synod Representative) Mrs T Clarke (Churchwarden) Mrs F Le Moign Mrs A Redshaw (Treasurer) Mrs S Eckes (Emly Deanery Synod Representative) Miss J Eckes (Appointed 31 March 2025) Mr R Buttivant (Appointed 31 March 2025) Mr M O'Connor (Emly Deanery Synod (Appointed 31 March 2025) Representative) Revd K Evans (Curate) (Appointed 31 August 2025)

Secretary

Mrs S Harrison

Charity registration Principal address

England and Wales 1128597

Parish Office St Mary's Church Hall Church Street Walton - on - Thames Surrey KT12 2QS

Independent examiner

Linda Dunford FCCA CTA Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

CONTENTS

Page
Parochial Church Council's report 1 - 7
Independent examiner's report 8
Statement of financial activities 9 - 10
Balance sheet 11
Notes to the financial statements 12 - 28

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Parochial Church Council present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Parochial Church Council's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It has responsibility for St. Mary’s Church, St John’s Church and Hall, St. Mary’s Church Hall, the properties in Egmont Road and Misty’s Field and the overview of the Vicarage.

The PCC, through its officers and working groups, manages the affairs of the churches and the following pages set out this work in detail. In common with previous years, the ministry of our parish focuses principally on worship, prayer, mission, fellowship, discipleship and active involvement in the local community.

The aims and activities of the Charity can be summed up as:

  1. Regular public worship, open to all.

  2. Promoting the whole mission of the Church, through outreach work in the parish and the provision of activities for parents and toddlers, children and young people and a number of other special need groups.

  3. Pastoral work including the visiting of the sick and bereaved.

  4. Teaching of the Christian faith through sermons, courses and small groups.

  5. Taking of religious assemblies in schools.

  6. The provision of sacred space for personal prayer and contemplation.

  7. Supporting other charities in the UK and overseas.

During the year these aims and activities were reflected in a wide range of ministry and mission across the Parish.

Under Section 17(5) of the Charities Act 2011, the PCC must have regard to any Charity Commission guidance when exercising any powers or duties to which such guidance is relevant. The PCC acknowledge the statutory requirement to report on the Charity’s public benefit and they confirm that they have had regard to Charity Commission guidance on public benefit where relevant to matters to which the guidance relates.

Vision

At the beginning of the year, a new Vision for the Parish was launched; “Loving Jesus; Loving one another; Loving the Community, locally and worldwide.”

A memory verse for the year was also launched from Ephesians 1, 18,19a ‘I pray that the eyes of your heart may be enlightened in order that you may know the hope to which God has called you, the riches of his glorious inheritance in his holy people, and his incomparably great power for us who believe.’

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

Worshipping Congregations

During the year, the pattern of weekly services has been as follows:

St. Mary’s

9.00am A traditional service of Holy Communion with hymns on the 2[nd] , 3[rd] , 4[th] and 5[th] Sundays of the month

10.30am Morning service with Communion on the 1[st] Sunday of the month; Contemporary service on the 2[nd] , 3[rd] , 4[th] and 5[th] Sundays of the month

St. John’s

10.30am Morning Service on the 2[nd] , 3[rd] , 4[th] and 5[th] Sundays of the month 4.00pm ‘The 4’. A weekly contemporary service

Various other initiatives continued on-line during the year, including Life groups, Alpha, the Prayer Course and the Bible Course.

Refreshments were served after the morning service and before the afternoon service at St. John’s and after some of the morning services at St. Mary’s.

Music

We are very grateful to all the musicians who served the Church throughout the year, especially to James Scott, Carol Abson, Rev Dave Bixby and Rev Kirsty Evans. We hired the talents of James Marr to play at some services. At the morning service at St. John’s, we used iSing worship.

Festivals and Special Services

The annual ANZAC service at the end of April was again well attended. Representatives from the New Zealand High Commission, Australian and New Zealand defence forces as well as local civic dignitaries and a good congregation attended.

On Remembrance Sunday in November, a Churches together service and Act of Remembrance took place at the War Memorial in Walton-on-Thames. Large numbers of uniformed groups and the general public attended. Again, it was a huge success and greatly appreciated by those who attended.

The Easter Morning Sunrise service was held by the river at Cowey Sale, thanks to the wonderful organisation and logistics work from Melvyn and Jill Mills and with thanks to the café which opened the car park for everyone to use and served refreshments after the service.

Personnel

We said a very fond farewell to Rev Dave Bixby and his family, who left in the summer to become Vicar of a Parish in the Midlands. Dave has been excellent in his ministry in the Parish.

Rev Kirsty Evans was ordained Deacon at the end of June and joined as a Pioneer Curate.

Mrs Sam Harrison continues to provide excellent office support in her part-time role as Administrator.

Mrs Julie Gorrie provides very thorough and greatly appreciated support for the safeguarding and finance teams.

In the summer, we were delighted to appoint an Associate Minister. Rev Esther Holley- Hunt, who will join us in May 2026 following maternity leave. She will be working for 2 days a week plus Sundays.

The two Pastoral Assistants continued to support people in the parish by keeping in touch, through caring phone calls and visits, as permitted and requested. This ministry is greatly appreciated and valued across the Parish.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Children and Youth

Our ministry to families, youth and children remains central to the ministry of the Parish, with a focus on discipleship for the whole family.

We have run a weekly All Together service in St. Mary’s Church, throughout the year.

The Toddlers’ Praise service for all ages of pre-school children, weekly on Fridays in term-time, with its dedicated team of volunteers, ran throughout the year.

A small team were able to continue running ‘The Way’; the Youth group games, Bible study and discussions on Monday nights.

Youth Fellowship (YF) continued throughout the year on Sunday Evenings as a community youth group and performed another very popular pantomime after Christmas. The numbers of leaders and young people at YF continued to grow in the year.

Connections

This monthly opportunity, on a Saturday late morning and lunchtime, for retired people to gather for tea, coffee, food, chat, games and a short thought for the day has remained popular throughout the year.

Annual Parochial Church Meeting (APCM)

The Annual Vestry and Church meeting was held at the end of April at St. John’s. Mr Nick Stuart and Mrs Thomasin Clarke were voted in as Churchwardens.

Alpha

The Alpha course was run on Tuesday evenings in the Spring and Autumn terms.

Outreach

The annual, week-long Holiday Club, which has been held in August for many years, was held again this year at St. John’s. It was enthusiastically led and managed by Shireen Redman and Tracey Fox. It again proved to be very popular with primary school aged children. Shireen and Tracey also ran a popular Messy Easter and Messy Christmas in the run up to those festivals.

The Church hosted local schools for major Christian festivals, celebrations and learning events and regularly visited, especially Ashley C of E Primary School, for assemblies.

In the second half of the year, Rev Jonny joined the local committee at Ashley C of E Primary School.

Community Engagement

The Parish ministry in the community continued to be capably and enthusiastically led by Tony Edwards, with great help from Tracey Fox, Shireen Redman, Julie Cook, Margaret Nixon, Carol Heyden and a wonderful team of volunteers. Play and Chat and Community café continued strongly. Art Hour was particularly effective and appreciated in school holidays.

Foodbank

During the year, Foodbank continued to operate twice a week from St. John’s Room, which is its main distribution centre. Foodbank continues to provide a very valuable service to those in need in the local community.

ECO Church

Having been awarded the Silver Eco Church Award in November 2024, we continued to promote good practice, sustainability and care for God’s world.

Walton Churches Together

The Vicars continue to work with other Church leaders to encourage the Churches in Walton-on-Thames to pray, worship and work together more. The popular outdoor Service and Act of Remembrance in November and Easter Day Sunrise service were well attended.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Occasional Offices

During the year, we conducted 2 weddings (2024: 5), 14 Baptisms (2024: 11) and 23 funerals (2024: 19) in the year, fifteen of which included a service in Church. Of the 14 Baptisms, 4 were believers baptised by full immersion and, in addition and at the same service, 3 believers re-affirmed their Baptismal promises.

Fabric Report

St. Mary's Church

St Mary’s has been maintained in a good condition, enabling worship to continue inside as it has done for many hundreds of years. The maintenance to the fabric of the church continues to be funded by grants from the Church Fund Trust.

We are grateful to our team of bellringers who not only ring the bells for some Sunday and occasional services but also keep a watchful eye and maintain the tower’s bells, chambers and clock.

The blocked drain at the entrance to the church, which created an enormous puddle when it rained was completely re-laid and the soakaway replaced.

An inspection of the flagpole on top of the tower identified that the base of the pole was rotting and it needed to be replaced. Quotes were obtained and a contract for its replacement was issued. However, two weeks before the replacement was due to take place a storm broke the pole so that it was left hanging precariously over the nave of the church, held only in place by the lighting conductor. This was on a Saturday night so the church services were moved to the hall. Thankfully the contractor was able to hire a crane at short notice and the pole was removed on the Monday allowing the church to be re-opened. The new pole was erected ten days later. We are very grateful for the donations received via a crowd funding appeal and a grant; all made possible through the work of our Operations Manager, Sally Eckes.

The 2023 Quinquennial Inspection (QI) had identified many works to be undertaken and we are very grateful for the work of the Building Committee who has been implementing a maintenance plan. The remedial works arising out of an electrical inspection were completed. An area of growing concern has been the part of the west wall by the font where plaster has been coming off due to long term water ingress through the wall. The original quotes obtained to remedy the situation and for the repairs to the walls around the chancel were unaffordable. A second opinion was sought from a firm of stone masons. As a result the PCC have approved a contract for the repair of the west wall which will take place in 2026. Also, we are seeking quotes from specialist decorators for the repair and redecoration of the walls in the chancel.

The parish continues to be able to live stream and record services which continue to bless those who are unable to join us for services in person whether on a Sunday or for friends and relatives who are unable to attend baptisms, funerals or weddings.

St. Mary’s Churchyard

The flower beds and surrounding areas are being maintained to a high standard by a working group to whom we are very grateful.

St. Mary’s Church Hall

The felt covering the flat roofs over the office and part of the hall was found to be lifting and letting in water so it had to be replaced quickly. Unfortunately during the replacement of the roof over the office we had a day of torrential rain which resulted in the office being flooded and it and its contents had to be evacuated. The office ceiling has been repaired and it has been redecorated. Also, during the summer break, the lower parts of the walls inside the hall were repaired and redecorated. All the costs had to be paid from the general fund.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

St. John’s Church

In the autumn water started to seep into the ceiling over St. John’s room. It was found that the felt roofing had failed and had to be replaced. This was done and the ceiling in part of the room was repaired along with some water damage affecting the ceiling of the kitchen.

The church itself and its grounds are in good condition. Again, we are very grateful to the working group who maintain the grounds.

Quotes are being obtained to replace the lights in the church and grants are being sought to fund the replacement of the AV system which is no longer fit for purpose.

Thomasin Clarke and Nicholas Stuart

Churchwardens

Financial review

The accounts have been prepared in accordance with the Church Accounting Regulations together with applicable Accounting Standards and the Charities Statement of Recommended Practice.

The general unrestricted fund which accounts for our main income and expenditure, ended the year with a deficit of £22,000 compared to a surplus of £30,000 in the previous year. Expenditure in 2025 was significantly higher due to the large cost of repairs to the church hall and refurbishment of the curates’ houses and this is reflected in the deficit. Income of £266,000 includes a bequest of £20,000 and a further £11,000 in response to the flagpole appeal but underlying giving has decreased and we continue to depend on hall rental income to cover our costs. Expenditure was managed as closely as possible throughout the year to ensure that our cost base remained low.

An additional £20,000 was added to the designated account during the year, bringing the total raised to date for the Children and Families Associate Minister’s Fund to £81,000 after the payment of moving and settlement costs.

Grants received during the year comprise £20,000 from the National Lottery Community Fund and £18,000 from Walton Charity for the Community Engagement programme and the Church Fund Trust contributed £55,000 for the repair and maintenance of our churches and churchyards.

We ended the year with total reserves across all funds of £495,491 (2024:£548,489).

Reserves Policy

Historically it is has been the PCC’s policy to maintain a cash balance in the Reserve Fund equating to approximately three months’ unrestricted payments. The year end net assets on the unrestricted fund amply satisfies this requirement.

Risk Assessment

The Trustees have considered the major risks to which the Parish is exposed. They have reviewed those risks and established systems and procedures to manage them.

Plans for future periods

We continue to look to our faithful God to lead us forward in faith in Jesus Christ as Saviour and Lord and empower us by His Holy Spirit in worship, service, giving and proclaiming His name in word and deed.

We will continue to focus on living out the strategic priorities of our vision.

The Church greatly appreciates the many ways volunteers offer of their time, skills and money to serve the Church and the community. As is the case for all Churches following the Covid-19 pandemic, we are in need of more volunteers in all areas of Church life, including ministry in services, to children and young people and serving the community.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Emly Deanery Synod Report

During 2025 there were three meetings of the Synod.

The topics covered at the meetings were:

  1. Stuart Sadler about “God at Work”

Stuart reminded us that God is always at work. He never stops. He is before us, with us and after us.

He then went on to talk about we can bring church into the workplace and reminded us that man was to care for and be creative with God’s creation. After the Fall man was sent out to work and there is a tension between the futility of work and the fulfilment that it brings.

We are made to please God, there is no split between the secular and the spiritual so wherever we are actions should be to honour God and this includes the workplace.

The members of a congregation have the biggest reach to minister to people through our front lines and this is a role we can all have a part in doing.

  1. Beth Chan from the Single Friendly Church Network on “Singleness in the UK”

Beth gave five steps to help to become a Single Friendly Church:

  1. Know your community i.e. your local demographics. Are you reaching out to all?

  2. Messaging: Is it inclusive or just family? If you are talking about the family, meaning the Church Family, always ensure that it is about the Church Family otherwise singles take the statement about family to mean parents and their families. They are excluded inadvertently.

  3. Welcome and belonging: Make all feel and be part of the Church’s Family

  4. Teaching: Do not always use family anecdotes in sermons and talks. Use others to demonstrate your point so all can feel that they can relate to the point being made.

  5. Leadership: Get ‘single’ people involved in the work of the church but do not assume they have more time available because they are single. Help them to relate to the activity etc.

3. Youth Catalyst Project

We were given an overview of this Diocesan project and what young people are looking for. How the project is striving to meet and develop the spirituality of the young people as they learn about Jesus because they are dissatisfied with western secularism.

They know that God is close/near and need to feel part of the worshipping community. Their mission is social action. Parishes can help by providing guidance and opportunities to develop and practice their faith.

General Data Protection Regulation (GDPR)

The Parish always works hard to comply with all GDPR requirements. It keeps records of the basic information supplied by members of the congregation. Typically, this includes names, addresses and church groups. Details of Planned Giving are kept separately and are confidential to designated members of the Parish Finance Team. None of this information is divulged to any outside individuals or organisations.

All the information is stored for use solely for administrative purposes within the parish in accordance with GDPR. Anyone with concerns about this is invited to contact the Parish Office. The Parish uses a software programme called ChurchSuite, which ensures GDPR compliance and is used as a Parish address book, registration for all children’s and young people’s groups, the Electoral Roll and other matters.

Safeguarding Children and Vulnerable Adults Policy The PCC adheres to the Diocesan Safeguarding Children and Vulnerable Adults Policy and there were no issues to report during the year. All members of the PCC and those working with children and vulnerable adults are required to complete the necessary safeguarding training. Katharine Scott continues brilliantly in the role of Parish Safeguarding Officer for Children. Wendy Fitch and Louise Turner act as safeguarding officer for Vulnerable Adults. Julia Gorrie, our Safeguarding Administrator, does a fabulous job at ensuring new people are safely recruited and trained and existing volunteers are up to date with their safeguarding courses.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Structure, governance and management

The Parochial Church Council of the Ecclesiastical Parish of Walton on Thames was registered as a charity on 17 March 2009. It is governed by the Parochial Church Council (Powers) Measure 1956 issued by the Church of England which was adopted on 2 January 1957.

The Trust is connected to the Church Fund (commonly referred to as the Church Fund Trust). The Church Fund Trust is a separately registered charity number 247465, with its own Board of Trustees and charitable objectives. The objects of the charity are to support St. Mary's Church, Walton and St. John's, Cottimore. Two thirds of the Trustees of The Church Fund are either members of the PCC or their nominees.

The Trust owns two houses for the provision of housing for Ministers working in the parish.

The Parochial Church Council who served during the year and/or up to the date of signature of the financial statements were:

Revd J Blair (Vicar) Revd C Blair (Vicar) Revd C Merrick (Assistant Minister) Mr N Stuart (Churchwarden from 31 March 2025) Mrs C Abson Ms E Cairns Mrs H Gaunt Mrs K Scott Mr D Henderson (Churchwarden) (Resigned 31 March 2025) Revd David Bixby (Curate) (Resigned 31 August 2025) Mrs R Warner (Emly Deanery Synod Representative) Mrs T Clarke (Churchwarden) Mr A Harding (Resigned 31 March 2025) Mrs F Le Moign Mrs A Redshaw (Treasurer) Mrs S Eckes (Emly Deanery Synod Representative) Miss J Eckes (Appointed 31 March 2025) Mr R Buttivant (Appointed 31 March 2025) Mr M O'Connor (Emly Deanery Synod (Appointed 31 March 2025) Representative) Mr J Waggott (Resigned 31 March 2025) Revd K Evans (Curate) (Appointed 31 August 2025)

Recruitment and appointment of trustees

The appointment of Trustees is as per the Church Representation Rules. They comprise of elected members (at the Annual Parochial Church Meeting) and ex officio members. Retiring Trustees are eligible for re-appointment for a further period subject to their retaining the qualifications laid down in the Church Representation Rules.

The Parochial Church Council's report was approved by the Board of Parochial Church Council.

..............................

Revd J Blair (Vicar) Chairman of the PCC Chairman of wen Date: ............................................. Date: 22 woo26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

INDEPENDENT EXAMINER'S REPORT

TO THE PAROCHIAL CHURCH COUNCIL OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

I report to the Parochial Church Council on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Walton on Thames (the Parochial Church Council) for the year ended 31 December 2025.

Responsibilities and basis of report

As the Parochial Church Council of the Parochial Church Council you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Parochial Church Council’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Parochial Church Council’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Linda Dunford FCCA CTA

Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Date: 30[th] March 2026

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Current financial year
Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general designated
2025
2025
2025
2025
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
3
171,303
19,544
94,375
300
Charitable activities
4
23,773
-
1,500
-
Other trading activities
5
-
-
-
-
Investments
6
65,344
857
-
1,709
Other income
7
6,060
-
-
-
Total income and
endowments
266,480
20,401
95,875
2,009
Expenditure on:
Raising funds
8
-
-
-
-
Charitable activities
9
288,834
4,632
141,838
-
Total expenditure
288,834
4,632
141,838
-
Net gains/(losses) on
investments
15
-
-
-
(2,459)
Net income/(expenditure)
(22,354)
15,769
(45,963)
(450)
Transfers between funds
(1,550)
-
1,550
-
Net movement in funds
12
(23,904)
15,769
(44,413)
(450)
Reconciliation of funds:
Fund balances at 1 January 2025
244,730
65,706
165,630
72,423
Fund balances at 31 December
2025
220,826
81,475
121,217
71,973		 Total
2025
£
285,522
25,273
-
67,910
6,060
384,765
-
435,304
435,304
(2,459)
(52,998)
-
(52,998)
548,489
495,491		 Total
2024
£
221,292
24,858
930
65,855
6,060
318,995
214
315,412
315,626
1,374
4,743
-
4,743
543,746
548,489

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Prior financial year
Unrestricted
Unrestricted
Restricted
Endowment
funds
funds
funds
funds
general
designated
2024
2024
2024
2024
Notes
£
£
£
£
Income and endowments
from:
Donations and legacies
3
156,319
17,445
47,528
-
Charitable activities
4
17,303
-
7,555
-
Other trading activities
5
5
925
-
-
Investments
6
63,287
902
-
1,666
Other income
7
6,060
-
-
-
Total income and
endowments
242,974
19,272
55,083
1,666
Expenditure on:
Raising funds
8
-
214
-
-
Charitable activities
9
212,130
78
103,204
-
Total expenditure
212,130
292
103,204
-
Net gains/(losses) on
investments
15
-
-
-
1,374
Net income/(expenditure) and
movement in funds
30,844
18,980
(48,121)
3,040
Reconciliation of funds:
Fund balances at 1 January 2024
213,886
46,726
213,751
69,383
Fund balances at 31 December
2024
244,730
65,706
165,630
72,423		 Total
2024
£
221,292
24,858
930
65,855
6,060
318,995
214
315,412
315,626
1,374
4,743
543,746
548,489

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

BALANCE SHEET

AS AT 31 DECEMBER 2025

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Fixed assets| |Tangible assets|17|221,236|256,880| |Investments|18|59,241|61,400| |280,477|318,280| |Current assets| |Debtors|19|7,982|10,220| |Cash at bank and in hand|228,020|240,701| |236,002|250,921| |Creditors: amounts falling due within|20| |one year|(20,988)|(20,712)| |Net current assets|215,014|230,209| |Total assets less current liabilities|495,491|548,489| |The funds of the Parochial Church Council| |Endowment funds|23|71,973|72,423| |Restricted income funds|24|121,217|165,630| |Unrestricted funds - general|26|220,826|244,730| |Unrestricted funds - designated|25|81,475|65,706| |495,491|548,489| |The financial statements were approved by the Parochial Church Council on .........................|23|Ngsoh doth|

----- End of picture text -----

..............................

Revd J Blair (Vicar) Chairman of the PCC

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Parochial Church Council of the Ecclesiastical Parish of Walton on Thames is a charity established by the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Parochial Church Council's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Parochial Church Council is a Public Benefit Entity as defined by FRS 102.

The Parochial Church Council has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Parochial Church Council. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Parochial Church Council have a reasonable expectation that the Parochial Church Council has adequate resources to continue in operational existence for the foreseeable future. Thus the Parochial Church Council continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Parochial Church Council in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Parochial Church Council.

1.4 Income

Income is recognised when the Parochial Church Council is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Parochial Church Council has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

A liability is recognised when either a constructive or legal obligation is identified. Irrecoverable VAT is allocated to the same expenditure heading as the cost to which it relates.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Impairment review Leasehold improvements 20% Straight Line Fixtures, fittings & equipment 25% and 20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the Parochial Church Council reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Parochial Church Council has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Parochial Church Council's balance sheet when the Parochial Church Council becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Parochial Church Council’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Parochial Church Council is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Parochial Church Council’s accounting policies, the Parochial Church Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

3 Income from donations and legacies

Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general designated
2025
2025
2025
2025
£
£
£
£
Donations and gifts
151,272
19,544
-
300
Legacies
20,031
-
-
-
Grants
-
-
94,375
-
171,303
19,544
94,375
300
Donations and gifts
Giving
151,272
19,544
-
300
151,272
19,544
-
300
Grants
Church Fund Trust
-
-
55,445
-
Surrey County Council
-
-
920
-
Elmbridge Borough Council
-
-
-
-
National Lottery Community
Fund
-
-
20,000
-
Walton Charity
-
-
18,000
-
Other
-
-
10
-
-
-
94,375
-		 Total
Unrestricted Unrestricted
Restricted Endowment
funds
funds
funds
funds
general designated
2025
2024
2024
2024
2024
£
£
£
£
£
171,116
156,319
17,445
-
-
20,031
-
-
-
-
94,375
-
-
47,528
-
285,522
156,319
17,445
47,528
-
171,116
156,319
17,445
-
-
171,116
156,319
17,445
-
-
55,445
-
-
45,558
-
920
-
-
-
-
-
-
-
1,970
-
20,000
-
-
-
-
18,000
-
-
-
-
10
-
-
-
-
94,375
-
-
47,528
-		 Total
2024
£
173,764
-
47,528
221,292
173,764
173,764
45,558
-
1,970
-
-
-
47,528

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Charitable Activities
Fees and charges
receivable
11,380
-
Other income
12,393
1,500
23,773
1,500
Income from other trading activities
Unrestricted Unrestricted
funds
funds
general designated
2025
2025
£
£
Fundraising events
-
-		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
11,380
15,127
-
13,893
2,176
7,555
25,273
17,303
7,555
Total
Unrestricted Unrestricted
funds
funds
general designated
2025
2024
2024
£
£
£
-
5
925		 Total
2024
£
15,127
9,731
24,858
Total
2024
£
930

5 Income from other trading activities

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

6 Income from investments

Unrestricted Unrestricted Endowment
funds
funds
funds
general designated
2025
2025
2025
£
£
£
Rental income
59,897
-
-
Income from unlisted investments
-
-
1,709
Interest receivable
5,447
857
-
65,344
857
1,709		 Total
Unrestricted Unrestricted Endowment
funds
funds
funds
general designated
2025
2024
2024
2024
£
£
£
£
59,897
60,641
-
-
1,709
-
-
1,666
6,304
2,646
902
-
67,910
63,287
902
1,666		 Total
2024
£
60,641
1,666
3,548
65,855

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Common Platt 6,060 6,060
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
designated designated
2025 2024
£ £
Fundraising and publicity
Other fundraising costs - 214

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

9 Expenditure on charitable activities

Charitable
Activities
Church
Running
and
Maintenance
Hall
Running
and
Maintenance
2025
2025
2025
£
£
£
Direct costs
Staff costs
27,927
7,672
-
Depreciation and impairment
-
39,480
-
Parish Share
109,017
-
-
Fees for services
5,119
-
-
Associate Minister relocation costs
4,589
-
-
Outreach
2,701
-
-
Youth and Education
6,753
-
-
Organist, Choirs and Music
1,748
-
-
Church Facilities
-
464
-
Administrative costs
5,143
-
-
Clergy Houses
-
1,302
-
Property Maintenance
-
120,423
45,959
Worship
2,744
-
-
Loan interest to Diocese
-
4,902
-
Other costs
5,780
-
-
171,521
174,243
45,959
Grant funding of activities (see note 10)
12,874
-
-		 Total
Charitable
Activities
Church
Running
and
Maintenance
Hall
Running
and
Maintenance
2025
2024
2024
2024
£
£
£
£
35,599
22,065
7,638
-
39,480
-
39,025
-
109,017
118,025
-
-
5,119
7,329
-
-
4,589
-
-
-
2,701
1,224
-
-
6,753
7,182
-
-
1,748
1,690
-
-
464
-
684
-
5,143
2,333
-
-
1,302
-
1,225
-
166,382
-
44,606
20,845
2,744
894
-
-
4,902
-
4,733
-
5,780
6,494
-
-
391,723
167,236
97,911
20,845
12,874
14,537
-
-		 Total
2024
£
29,703
39,025
118,025
7,329
-
1,224
7,182
1,690
684
2,333
1,225
65,451
894
4,733
6,494
285,992
14,537

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Expenditure on charitable activities
Share of support and governance costs (see note 11)
Support
Governance
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds		 29,039
1,668
215,102
187,581
4,632
22,889
215,102		 -
-
174,243
55,294
-
118,949
174,243		 -
-
45,959
45,959
-
-
45,959		 29,039
1,668
435,304
288,834
4,632
141,838
435,304		 13,163
1,720
196,656
176,252
78
20,326
196,656		 -
-
97,911
15,033
-
82,878
97,911		 (Continued)
-
13,163
-
1,720
20,845
315,412
20,845
212,130
-
78
-
103,204
20,845
315,412		 (Continued)
-
13,163
-
1,720
20,845
315,412
20,845
212,130
-
78
-
103,204
20,845
315,412
315,412
212,130
78
103,204
315,412

9 Expenditure on charitable activities

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

10 Grants payable
Charitable Charitable
Activities Activities
2025 2024
£ £
Grants to institutions:
Other 12,874 14,537
11 Support costs allocated to activities
2025 2024
£ £
Staff costs 28,890 13,163
Stewardship costs 149 -
Governance costs 1,668 1,720
30,707 14,883
Analysed between:
Charitable Activities 30,707 14,883
2025 2024
Governance costs comprise: £ £
Independent Examination Fees 1,668 1,720
1,668 1,720
12 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,668 1,720
Depreciation of owned tangible fixed assets 39,480 39,025

13 Parochial Church Council

One member of the Parochial Church Council received remuneration during the year. Charity Commission approval was obtained, as required, in order to enable the Parochial Church Council to employ a member of the Council. No members of the PCC receive remuneration for their role as a member of the PCC.

In 2025, nil (2024: nil) members of the PCC were reimbursed a total of £nil (2024 - £nil) for expenditure in furtherance of the charitable objectives.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

14 Employees

The average monthly number employees during the year was:

2025 2024
Number Number
Administrator 2 2
Verger 1 1
Community Engagement Officer 1 1
Ops Manager 1 -
Ministers 3 3
Total 8 7
Employment costs 2025 2024
£ £
Wages and salaries 62,972 41,862
Other pension costs 1,517 1,004
64,489 42,866

The staff comprised of 8 employees. There were 6 part time and two full time staff. Full time equivalent staff 5 (2024: 7 part time, Full time equivalent 4). The two full time clergy are paid by the Diocese.

There were no employees whose annual remuneration was more than £60,000.

15 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments (2,459) 1,374

16 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

17
Tangible fixed assets
Cost
At 1 January 2025
Additions
At 31 December 2025
Depreciation and impairment
At 1 January 2025
Depreciation charged in the year
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024
18
Fixed asset investments
Cost or valuation
At 1 January 2025
Additions
Valuation changes
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024
19
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 Land and
buildings
Leasehold
improvements
£
£
127,961
182,941
-
-
127,961
182,941
-
63,708
-
36,588
-
100,296
127,961
82,645
127,961
119,232		 Fixtures,
fittings &
equipment
Total
£
£
88,259
399,161
3,834
3,834
92,093
402,995
78,571
142,279
2,892
39,480
81,463
181,759
10,630
221,236
9,687
256,880
Unlisted
investments
£
61,400
300
(2,459)
59,241
59,241
61,400
2025
2024
£
£
3,370
4,243
4,612
5,977
7,982
10,220

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

20
Creditors: amounts falling due within one year
Notes
Deferred income
21
Other creditors
21
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2025
Resources deferred in the year
Deferred income at 31 December 2025
22
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
3,388
17,600
20,988
2025
£
3,388
2025
£
3,388
-
3,388
3,388
2025
£
1,517		 2024
£
-
20,712
20,712
2024
£
-
2024
£
-
-
-
-
2024
£
1,004

The Parochial Church Council operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Parochial Church Council in an independently administered fund.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

23 Endowment funds

Endowment funds represent assets which must be held permanently by the Parochial Church Council. Income arising on the endowment funds can be used in accordance with the objects of the Parochial Church Council and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1
Permanent endowments
David Smith Ministry Fund
Previous year:
At 1
Permanent endowments
David Smith Ministry Fund		 January
2025
Incoming
resources
Gains and
losses
At 31
December
2025
£
£
£
£
72,423
2,009
(2,459)
71,973
January
2024
Incoming
resources
Gains and
losses
At 31
December
2024
£
£
£
£
69,383
1,666
1,374
72,423

The David Smith Ministry Fund

This is a restricted endowment fund; the capital cannot be touched and the income (dividends) can be used only to support the ministry of assistant clergy and other licensed assistant ministers.

Any shortfall in Ministry training costs versus the income generated by the fund is paid from the General Fund.

24 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Bells Restoration Fund
Church Fund Trust Fund
Special Donations Fund
Capital Projects
Community Development
Youth Fellowship fund		 January
2025
Incoming
resources
Resources
expended
Transfers
At 31
December
2025
£
£
£
£
£
1,863
-
-
-
1,863
10,510
55,445
(81,217)
-
(15,262)
2,825
-
-
-
2,825
133,094
-
(39,481)
-
93,613
15,276
38,930
(16,207)
-
37,999
2,062
1,500
(4,933)
1,550
179
165,630
95,875
(141,838)
1,550
121,217

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

24
Restricted funds
Previous year:
At 1
Bells Restoration Fund
Church Fund Trust Fund
Special Donations Fund
Capital Projects
Community Development
Youth Fellowship fund		 (Continued)
January
2024
Incoming
resources
Resources
expended
Transfers
At 31
December
2024
£
£
£
£
£
1,863
-
-
-
1,863
8,525
45,558
(43,573)
-
10,510
2,825
-
-
-
2,825
172,119
1,970
(40,995)
-
133,094
28,419
-
(13,143)
-
15,276
-
7,555
(5,493)
-
2,062
213,751
55,083
(103,204)
-
165,630

Bells Fund

This is a restricted fund opened in 2009 for the repair and replacement work relating to the Bells and Bell Tower.

Church Fund Trust Monies

The Trust recompenses the PCC for any expenditure that is agreed to fall within the categories covered by the Trust's deeds. All income and expenditure is treated as restricted and reported as such in the Statement of Financial Activities. The fund is in deficit at the year end due to the timing of some repairs in 2025 and a subsequent claim which was received in 2026. The fund has now returned to a surplus.

Special Fund

A restricted fund into which special collections are paid and from which they are disbursed to the designated recipients.

Capital Projects

Grant funding received for capital purchases and works to buildings.

Community Development

Grant funding received for expanding the Parish’s work in, and support of, the local community.

Youth Fellowship Fund

Income raised from donations and the Youth Fellowship annual pantomime are used to fund a holiday for the group.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

25 Unrestricted funds - designated

These are unrestricted funds which are material to the Parochial Church Council's activities.

At 1
Families, Children and Youth
Previous year:
At 1
Families, Children and Youth		 January
2025
Incoming
resources
Resources
expended
At 31
December
2025
£
£
£
£
65,706
20,401
(4,632)
81,475
January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
46,726
19,272
(292)
65,706

26 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These do not include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 January
2025
Incoming
resources
Resources
expended
Transfers
At 31
December
2025
£
£
£
£
£
244,730
266,480
(288,834)
(1,550)
220,826
January
2024
Incoming
resources
Resources
expended
Transfers
At 31
December
2024
£
£
£
£
£
213,886
242,974
(212,130)
-
244,730

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALTON ON THAMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

27 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
Endowment
funds
funds
funds
funds
general
designated
2025
2025
2025
2025
£
£
£
£
At 31 December 2025:
Tangible assets
127,962
-
93,274
-
Investments
-
-
-
59,241
Current assets/(liabilities)
92,864
81,475
27,943
12,732
220,826
81,475
121,217
71,973
Unrestricted
Unrestricted
Restricted
Endowment
funds
funds
funds
funds
general
designated
2024
2024
2024
2024
£
£
£
£
At 31 December 2024:
Tangible assets
127,960
-
128,920
-
Investments
-
-
-
61,400
Current assets/(liabilities)
116,770
65,706
36,710
11,023
244,730
65,706
165,630
72,423		 Total
2025
£
221,236
59,241
215,014
495,491
Total
2024
£
256,880
61,400
230,209
548,489

28 Related party transactions

During the year, the following related party transaction occurred in addition to trustee transactions detailed on note 12.

The charity shares three trustees with The Church Fund Trust. In 2025, the charity received income from The Church Fund Trust of £55,445 (2023: £45,558).