AcloseupofalogoDescription automatically generated
of the
for the year ending 31 December 2025
## BECOMING PEOPLE ON A MISSION. SEEKING RENEWAL AND TRANSFORMATION IN JESUS
## **Rector:**
The Reverend Nicholas Hutchinson The Rectory Aviary Road Pyrford Woking GU22 8TH
## **Parish Office:**
The Church of the Good Shepherd Coldharbour Road Pyrford Woking GU22 8SP
**Bankers:**
HSBC 6 Commercial Way Woking GU21 6EZ
## **Independent Examiner:**
Graham Norton 2 Patterdale Coldharbour Road West Byfleet KT14 6JN
**Wisley Church** Wisley Lane Wisley Surrey GU23 6QL
**The Church of the**
**Good Shepherd** Coldharbour Road Pyrford Woking Surrey GU22 8SP
## **St. Nicholas’ Church**
Church Hill Pyrford Woking Surrey GU22 8XH
Registered charity number: 1128605
Reports and Accounts 2025
## **CONTENTS**
**STATUTORY DISCLOSURES ......................................................................................................... 3 CHAIRMAN’S REPORT FOR 2025 ................................................................................................. 5 FINANCE REVIEW ............................................................................................................................. 8 TRUSTEES RESPONSIBILITIES STATEMENT ......................................................................... 11 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................. 12 BALANCE SHEET ............................................................................................................................ 13 NOTES TO THE FINANCIAL STATEMENTS ............................................................................. 14 INDEPENDENT EXAMINER’S REPORT .................................................................................... 24**
2
## **STATUTORY DISCLOSURES**
## MEMBERSHIP OF THE PCC:
Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.
||**Clergy**|**Clergy**|
# = member
of Standing
and Finance
Committee
* = member
of Deanery
Synod|
|---|---|---|---|
|#*|Reverend Nicholas Hutchinson
(Chair)|||
||Reverend Diane Davidson|OLM||
||**Churchwardens**|||
|#|Matthew Ryan|Church of the Good Shepherd||
|#|Sarah Daly|Church of the Good Shepherd||
|#|AndyPearce(to 28 April 2025)|St Nicholas’ Church||
|#*|Camilla Nicholls-Wilson (from 28
April 2025)|St Nicholas’ Church||
|#|Pauline Langfield|WisleyChurch||
||**Deanery Synod Members - Elected To:**|||
||Suzanne Lees-Smith|2028||
||Joanne Clayton|2027||
||AnthonyBligh|2028||
||**Lay Members - Elected To:**|||
||PennyHoskyn|Resigned 28 April 2025||
|#|JeremyGidman|2026||
||Les Smith|2026||
||Claire Williams|Resigned 28 April 2025||
||Caroline Oldroyd|2027||
||Roger Holt|2027||
||Alison Ingram|2027||
||James Biggs|2027||
||Julia Lamaison|2027||
||Linda Knowles|2027||
||Heather Mitchell|2028(Appointed 28 April 2025)||
|#|Ian Wishart|2028(Appointed 28 April 2025)||
||Helen Whiter|2028(Appointed 28 April 2025)||
||**Ex – Offico Member**|||
||Charles Gibson|Appointed||
||**Co-Opted Members**|||
|#|Claire Clough|Treasurer||
|#|Edward Brockman|Secretary||
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## **STANDING & FINANCE COMMITTEE**
This is the only committee required by law, which meets bi-monthly to transact the business of the PCC, subject to any delegated responsibilities made by the PCC.
## **BUILDING COMMITTEE**
This committee attends to matters relating to the stewardship of church buildings, contents, churchyards, The Old School Room and Church House.
## **CHARITIES REVIEW COMMITTEE**
The committee meets regularly to monitor and review the charities we support.
## **CHURCH ATTENDANCE**
There were 242 names on our Electoral Roll at the last Annual Meeting in April 2025 of whom 74 live outside the parish.
We are up to an average of 204 people attending our three churches every week, and an additional average of 99 people watch our online Good Shepherd Sunday service.
During the year there were 2 weddings, 22 funerals (of which 12 had formal services in the parish) plus 13 burial of ashes and 9 baptisms.
## **SAFEGUARDING**
Over the past year we have been able to recruit more volunteers adhering to the safer recruitment advice from the diocese. We continued to promote the safeguarding team and our commitment to safeguarding through our website and buildings and in PCC discussion. Many of our volunteers working with children and vulnerable adults alongside pcc member undertook national training in safeguarding and raising awareness of domestic abuse. Some of our staff undertaking safeguarding leadership and safer recruitment training also. We are now working on the level 3 safeguarding action plan produced via our parish dashboard, an initiative to keep us accountable and safe in all areas of our church family life.
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## **CHAIRMAN’S REPORT FOR 2025**
## **BY THE RECTOR, THE REVEREND NICHOLAS HUTCHINSON, B.A., M.A.**
My daughter commented to me at dinner a few days ago, ‘Daddy you have been the rector here for three years now.’ I corrected her temporal calculations but I am technically in the third calendar year of my incumbency. This means that I have completed my first full year, travelling through all the seasons of church and community life, its many joys and deepening relationships and its difficulties and challenges too.
As the year commenced, I continued with many conversations to get to know the extended ministry team and wardens, seeking guidance as to people’s gifts and abilities, the things they wanted to continue or try for the first time; the things that some wanted to lay down having served faithfully for many years. This has been helpful and continues to be invaluable as I build relationships with the gathered worshipping community at Wisley, St Nicholas’ and Church of the Good Shepherd and those further in the community too.
I am incredibly grateful to so many for their support and growing trust, especially the ministry team and church wardens, PCC secretary, treasurer, office staff, with whom I work closely. Andy Pearce stepped down at the APCM last year and Camilla Nicholls-Wilson stepped into the role of church warden for St Nicholas’ church.
The role of school governor began in earnest for me in 2025 and I have been able to engage with the children and staff in a regular way with assemblies, meetings with the head and other staff and contributing to the regular church/school services and collaborations. For Ash Wednesday Key Stage 2 came to church and heard about the importance of Lent and then had the opportunity to receive ashing if they wished. Many children and staff responded, taking on themselves a sign of our humility and penitence before God.
Easter was very late in 2025 and this made it an early start on Easter Sunday for the dawn service at Newark Priory. It was my first time leading this and I enjoyed it tremendously. I also discovered afterwards that the Bishop of Guildford had attended incognito and he enjoyed it too. This is a wonderful opportunity and Christian witness in our times, that at least 80 people gathered at around 6am in a field to worship Jesus who rose from the dead to defeat death and draw us into eternal life. May we continue to see the impact of this in all our lives.
Just before Easter and thereafter, I convened a vision team to spend time seeking God for fresh vision for the parish. Where is God leading us? What is he calling us to in this season? How will we be part of it? After several gatherings, much prayer and listening to the Holy Spirit and a prayer day open to all it became clear that God was speaking clearly and the emphasis was on three words: renewal, transformation and mission. The PCC following our final session worked these words into a statement: ‘Becoming people on a mission. Seeking renewal and transformation in Jesus.’
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What we do and how we carry this out started to take shape, with a vision launch Sunday at the end of June at our Parish Communion. In many ways we have already seen the mission of God happening ahead of us, in the way we are becoming more open to the Holy Spirit, there are new families attending church, an alpha course took place in the autumn term, new connections with Wisley Gardens, Easter Sunday when all three churches were packed to overflowing.
Across the country there is evidence of a small turn around in people engaging with the Christian faith and this has been named by some as ‘The Quiet Revival.’ We do not yet see a huge expression of this here, but we have seen small things. One of which was the hunger for bibles and over the Christmas period we gave away dozens of copies of Luke’s gospel. Let’s be ready to respond to what the spirit is doing. In 2026 we will be focussing more on the ‘mission’ part of our vision. Renewal and transformation come when we engage in mission and so we will need to seek God as to what that focus will be.
The rolling out of the new vision will take time and discernment. Sometimes this seems too slow for some and too fast for others. I am keen that as many of us move forward together as possible, so my apologies if at times progress in this is slow moving. What is crucial is that we keep in step with the Spirit whatever he is doing.
In the summer a group attended Wildfires Festival and New Wine. These are large gatherings of Christians, coming together to worship Jesus, be inspired and filled with the Holy Spirit. They are worthwhile, even if you are not keen on camping (it is possible to hire caravans btw). They create space to hear what God is doing in other people and to grow in faith and friendship too. It will be happening in 2026 so please come along.
The autumn term and the build up to Christmas also included a stewardship campaign where we looked again at how we give financially to the life of the church. We have been operating a deficit budget so this needs to be regularly revisited. The key is to be generous in giving (a tithe is a good start) and in honouring what God asks us to give. This is about time and gifts as well as money. We thank God for his generosity and the response of many as this has made a significant difference to our year end figures.
The shepherd’s market was busy and so well organised by Jo Wade and I especially enjoyed the creepy crawlies and the opportunity to serve on one of the stalls, allowing me to meet loads of new people (well new to me anyway).
We also had in November, the first of what I hope to be a termly event of an apologetics presentation. Peter Mitchell gave us a talk on ‘Are the Gospels Reliable?’ as a resource for us in our mission and evangelism. In 2026 we will hopefully be looking at how science and faith connect and evidence for the resurrection.
Advent and Christmas was a wonderful time to anticipate Jesus’ return and to celebrate his birth. The carol service at COGS was exceptionally good and well attended, a big thanks to Anita Reynell for her skill and enthusiasm. With a bit of juggling of service start times we managed two midnight communions and then well attended Christmas morning services. It was notable at COGS how the
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Christmas morning service had an increased attendance from families with children, an indication of the community demographic change and a nudge to us of potential mission focus.
There are many things I have not had the space to write about but they are not forgotten. We are a busy parish and this is good in many ways. But we must guard against being so busy we find it difficult to change direction and move forward as God leads us. All ministries that we engage in have a season and we need courage to lay things down as well as to take things up.
This year has been a very human mix of joys and sadness too. We have welcomed new birth with Sam, Elijah, Felix and Katy. But we have also said goodbye to some dearly loved members of our churches: Tessa Croker, Andy Pearce, Gail Graves, Pauline Gardner and David Hill.
As we look forward to 2026, may we have the courage to follow where the Lord leads us as people, families and as a church. It may involve some difficult decisions and be disruptive, but it will also be a blessing because God honours those who stay focussed on him and follow his ways. May we all know renewal and transformation. May we get on his mission and glorify Jesus’ name.
The Rev Nick Hutchinson 9 March 2026
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## **FINANCE REVIEW**
## **BY CLAIRE CLOUGH, HON. TREASURER**
The Parochial Church Council of Wisley with Pyrford (the “PCC”) presents its reports and accounts for the year ended 31 December 2025.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The PCC, which is in the Diocese of Guildford, is part of the Church of England and was established by the Parochial Church Council’s (Powers) Measure 1956, as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended). It is a charity registered with the Charity Commission, regulated by the Charities Act 2011 which requires the PCC to report to its congregation and the public at large. PCC members are Trustees of the Charity.
## **2025 SUMMARY**
Our operating surplus before the year (excluding the impact of the revaluation of investments the surplus) was £3,926 (2024: surplus of £5,948). This included restricted income of £21,108 received as grants in the year for which expenditure will be made in the first few months of 2026 on capital projects for the Church of Good Shepherd
Overall the Accounts show that the parish had an overall deficit of £12,131 (2024: surplus of £15,454).
The results for the year can be summarised as follows:
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||Funds|Funds|2025|Funds|Funds|2024|
||£|£|£|£|£|£|
|Incoming|439,469|28,502|467,971|430,676|31,565|462,241|
|resources|||||||
|Resources|(442,223)|(21,822)|(463,589)|(437,135)|(19,158)|(456,293)|
|expended|||||||
|Operating|(2,754)|6,680|3,926|(6,459)|12,407|5,948|
|surplus/(deficit)|||||||
|Surplus/(deficit)|(8,290)|(3,841)|(12,131)|(2,783)|18,237|15,454|
## **INCOME**
Donations and legacies income to Unrestricted Funds including Gift Aid was £316,867 (2024: £301,765) this included a large cash donations of £25,000 (2024: £25,000). Donations and legacy income to Restricted funds was £6,286 (2024: £20,870). One legacy of £10,000 (2024: 4 totalling £12,294) into unrestricted funds was received in the year. In October a Stewardship campaign was held to boost regular giving leading to regular giving in 2026.
Income from charitable activities amounted to £57,850 (2024: £67,642). The main area of decrease was Wedding and Funeral fees as these were higher during 2024 as the Diocese share was retained during the interregnum.
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Income from investments for Unrestricted funds, including hall rentals, was £64,176 (2024: £61,263). This included £16,800 in relation to rentals from the Church House which will not continue post April 2026 following the appointment of a Curate to the Parish.
During the year we received a contribution of £3,002 from Woking Borough Council (which has been allocated to the Churchyards restricted fund), £18,108 from Surrey County Council towards new entry doors that will be installed in early 2016 and £3,000 from the Guildford Diocese for energy reduction projects – these have both been allocated to the Church of Good Shepherd restricted fund. In 2024 the PCC agreed with the Trustees of Henry Smith Charity (Pyrford Shared) and Poor Allotment (together the ‘Pyrford Charities’ to take on the funds and adminstration of these – these funds of £8,012 were received in 2024 and allocated to a restricted fund.
## **EXPENDITURE**
The costs associated with generating the donations has reduced to £25,298 (2024: £31,683).
Our support costs met from unrestricted funds were £376,487 (2023: £363,997). Staff costs in the year amounted to £124,917 (2024: £122,662). Costs met from restricted funds were £14,164 (2024: £17,284) which related to the upkeep and maintenance of the church yard, St Nicholas’ Church and Wisley Church.
## **OUTWARD GIVING**
The ongoing policy of the PCC is to donate each year an amount equal to a proportion (currently 10%) of its voluntary income from regular giving including Gift Aid for the work of Christian Mission both abroad and in the UK.
To meet the 10% requirement, £22,793 (2024: £26,247) was allocated, of which £4,032 (2023: £3,960) was donated to Pyrford CofE Primary School. The parish’s four “chosen charities”, Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater and the Local Community Fund (LCF) receive 25% each of the balance.The annual Shepherds Market raised £13,553 (2024: £14,177) net of costs. This was divided three ways between Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater.
Amaha We Uganda, Woking BESOM and St Michael’s Sheerwater each received £10,226 and the Local Community Fund (LCF) received £5,728. At 31 December 2025 the Local Community has £6,323 of funds available to grant to local charities.
In addition grants of £3,550 to individuals have been at the Rector’s discretion in the year from restricted fund and £1,514 granted from funds held for Pyrford Charities.
## **POLICY ON RESERVES**
The PCC retains a range of unrestricted and restricted funds which are described in notes 18 and 19 to the financial statements. The general reserve fund is held to cover the PCC’s day to day activities.
Diocesan policy is that General Reserves include 2 months’ essential expenditure. A minimalist interpretation, that essential expenditure means paying salaries, running the Parish Office and running the churches and the Old School Room, implies a minimum General Reserve of £30,332. A maximalist interpretation including 2 months of Parish Share, would bring this figure up to £56,233. At the end of 2025, the Parish General Reserve amounted to £177,725.
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The Building reserve is an amount set to assist cover for church repair or other property costs such as Church House and the Old School Room. This reserve was created during 2015. At the end of 2025 its value was £46,607.
The PCC’s approach to the management of its reserves is conservative but consistent with the requirement to fund its activities to meet its vision. The policy on reserves is reviewed each year at the time of approving the financial statements.
## **MANAGEMENT OF RISK**
The PCC continues to identify and manage the risks which arise from its day to day activities. The PCC views those risks under the headings of governance, operational, financial and external regulatory.
Areas of risk are brought to the attention of the PCC for review as part of the standing agenda over the year and any changes required are minuted and actioned. The major areas on the regular agenda for consideration are the following:
- Annual budget and monthly reporting
- Bank Mandate
- Expense authority policy
- Finance reserves policy
- Insurance policies
- Safeguarding of children and vulnerable adults
## **INVESTMENT POLICY**
The policy of the PCC has been to invest surplus funds in low-risk interest bearing investments which provide flexibility without penalty and restricted funds held for longer term expenditure with CCLA Investment Management Ltd divided between two types of fund: Investment Fund (97%) and Fixed Interest Fund (3%).
The market value of investments at 31 December 2025 was £404,999 (2023: £421,056). In the Parish Accounts for 2025, an unrealised loss of £16,057 (2024: gain of £9,506) is shown in the Statement of Financial Activities.
## **THE FUTURE**
During 2026, the PCC will continue to apply funds in line with the Vision, namely, To know Jesus and to make him known everyday. A budget proposing this was put to the PCC meeting on 24[th] November 2025 and was approved. Overall it is a budget with a deficit £69,058. This forecast deficit is in line with the budgets for the last three years.
The budget has been prepared provides a worst case scenario for IT, PA systems and events held during the period and assumes zero for one-off donations. Whilst forecasting a deficit the PCC are mindful of one-off dontions and the level of general reserves to fund this and therefore continue to apply the going concern assumption to the accounts.
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## **TRUSTEES RESPONSIBILITIES STATEMENT**
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
- Select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is in appropriate to presume the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity, and which enable them to ensure that the financial statements comply with applicable regulations.
The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**OR THE YEAR ENDED 31 DECEMBER 2025**|||||
|---|---|---|---|---|
|Notes
Incoming resources
Donations and legacies
3
Charitable activities
4
Income from investments
5
Other income
6
Total income
Resources expended
Cost of generating donations
7
Support costs
8
Charitable expenditure
9
Total resources expended
Unrealised Gain/(loss) on
investments
10
Net incoming/(outgoing)
resources before transfers
Gross transfers between funds
18
Net movement in funds
Fund balances at 1 January
Fund balances at 31 December|Unrestricted
funds
2025
£
316,867
57,850
64,176
576
439,469
(25,298)
(376,487)
(40,438)
(442,223)
(5,536)
(8,290)
-
(8,290)
255,118
246,828|Restricted
funds
2025
£
6,286
-
-
22,216
28,502
(449)
(14,164)
(7,209)
(21,822)
(10,521)
(3,841)
-
(3,841)
286,318
282,477|Total
2025
£
323,153
57,850
64,176
22,792
467,971
(25,747)
(390,651)
(47,647)
(464,045)
(16,057)
(12,131)
-
(12,131)
541,436
529,305|Total
2024
£
322,635
67,642
61,263
10,701|
|||||462,241
(31,990)
(381,281)
(43,022)|
|||||(456,293)
9,506|
|||||15,454
-|
|||||15,454
525,982|
|||||541,436|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
12
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2025**
|**BALANCE SHEET**
**S AT 31 DECEMBER 2025**||||
|---|---|---|---|
|Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
15
Creditors: amounts falling due
within one year
16
Net current assets
Total assets less current
liabilities
Represented by:
Unrestricted funds
19
Restricted funds
18|2025
**£**
**£**
21,479
404,999
426,478
8,409
130,482
138,891
(36,064)
102,827
529,305
246,828
282,477
529,305|2024
**£**
3,795
127,511
131,306
(38,007)|
**£**
27,801
421,056|
||||448,137
93,299|
||||541,436|
||||255,118
286,318|
||||541,436|
Approved by the Parochial Church Council on 9 March 2026 and signed on its behalf by:
Rev Nick Hutchinson and Rector and PCC Chairman
Claire Clough Treasurer
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## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## 1.1 Charity information
Wisley with Pyrford Parochial Church Council (the ‘PCC’) is a charity registered with the Charity Commission and a part of the Church of England established by the Parochial Church Council’s (Powers) Measure 1956 as amended by the Church representation rules.
## 1.2 Accounting Convention
The financial statements have been prepared in accordance with the Parochial Church Council’s governing document, the Charities Act 2011 and the Statement of Recommended Practice: “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) (effective 1 January 2019)”. The PCC is a Public Benefit Entity as defined in FRS 102.
The PCC 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 been prepared under the historical cost convention, modified to include the revaluation of investments. The principal accounting policies are set out below.
## 1.3 Going Concern
At the time of approving the financial statements, the PCC members have a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.
## 1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors 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.
## 1.5 Income
Income is recognised when the PCC 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 PCC 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 of deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or when the PCC has been notified of an impending distribution if the amount is known and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
14
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## 1.6 Expenditure
A liability is recognised when either a legal or constructive obligation is identified.
## 1.7 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings straight line basis over 10 years (buildings only) Other property straight line basis over 10 years Equipment straight line basis over 4 years
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.
## 1.8 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 expenses as incurred.
## 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.
## 1.10 Financial instruments
The PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS102 to all of its financial instruments.
Financial instruments are recognised in the PCC’s balance sheet when the PCC becomes party to the contractual provisions of the instrument.
## Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised costs 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 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.
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Trade creditors are obligations to pay for good 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.
## 1.11 Derecognition of financial liabilities
Financial liabilities are derecognised when the PCC’s contractual obligations expire or are discharged or cancelled.
## 1.12 Retirement benefits
Payments to defined contribution schemes are charged as an expense when they fall due.
## **2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS**
In the application of the PCC’s accounting policies, the PCC members 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 considered to be relevant. Actual results may differ from these estimates.
The estimated 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 both current and future periods.
## **3. DONATIONS AND LEGACIES**
|Regular Giving
Donations and gifts
Gift aid receipts
Other collections
Legacies|**Unrestricted**
**Funds**
**2025**
**£**
211,562
40,079
48,890
6,366
10,000
316,897|**Restricted**
**Funds**
**2025**
**£**
3,867
38
--
2,381
-
6,286|**Total**
**2025**
**£**
215,429
40,117
48,890
8,747
10,000
323,183|Unrestricted
Funds
2024
£
204,929
31,997
48,765
8,780
7,294
301,765|Restricted
Funds
2024
£
7,572
8,298
-
-
5,000
20,870|Total
2024
£
212,501
40,295
48,765
8,780
12,294|
|---|---|---|---|---|---|---|
|||||||322,635|
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## **4. CHARITABLE ACTIVITIES**
|Local Activities
Away events
Shepherds Market
Magazines
Publications
Wedding/funeral fees
**VESTMENT INCOME**
Hall Hire
Church House rental
Interest receivable
Dividends|**Unrestricted**
**Funds**
**2025**
£
22,589
593
13,895
6,625
155
13,993
57,850
**Unrestricted**
**Funds**
**2025**
**£**
32,197
16,800
3,379
11,800
64,176|**Restricted**
**Funds**
**2025**
£
-
-
-
-
-
-
-
**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
-|**Total**
**2025**
£
22,589
593
13,895
6,625
155
13,993
57,850
**Total**
**2025**
**£**
32,197
16,800
3,379
11,800
64,176|Unrestricted
Funds
2024
£
24,166
2,054
14,327
6,768
396
19,931
67,642
Unrestricted
Funds
2024
£
30,734
15,400
3,725
11,404
61,263|Restricted
Funds
2024
£
-
-
-
-
-
-
-
Restricted
Funds
2024
£
-
-
-
-
-|Total
2024
£
24,166
2,054
14,327
6,768
396
19,931|
|---|---|---|---|---|---|---|
|||||||67,642|
|||||||Total
2024
£
30,734
15,400
3,725
11,404|
|||||||61,263|
## **5. INVESTMENT INCOME**
## **6. OTHER INCOME**
Other income includes a contribution from Woking Borough Council towards the maintenance of the graveyards of £3,002 (2024: £2,684), the transfer of funds from Pyrford Henry Smith Charity of £nil (2024: £8,012) and grants from Surrey County Council of £18,108 towards the new doors at the Church of Good Shepherd and a £3,000 decarbonisation grant towards new lighting at the Church of Good Shepherd from Guildford Diocese which have been alloctaed to the Church of Good Shepherd restricted fund.
17
## **7. COST OF GENERATING DONATIONS**
|**OST OF GENERATING**|**DONATIONS**||||||
|---|---|---|---|---|---|---|
|Vision Network costs
Worship and prayer
Pastoral care
Community
Discipleship
Communication
Shepherd’s market
Magazines
Publications
Local Activities
Away events|**Unrestricted**
**Funds**
**2025**
**£**
3,063
389
1,370
346
906
342
4,227
137
14,139
379
25,298|**Restricted**
**Funds**
**2025**
**£**
357
92
-
-
-
-
-
-
-
-
449|**Total**
**2025**
**£**
3,420
481
1,370
346
906
342
4,227
137
14,139
379
25,747|Unrestricted
Funds
2024
£
3,605
63
1,724
325
654
150
4,489
48
17,863
2,762
31,683|Restricted
Funds
2024
£
-
307
-
-
-
-
-
-
-
-
307|Total
2024
£
3,605
370
1,724
325
654
150
4,489
48
17,863
2,762|
|||||||31,990|
## **8. SUPPORT COSTS**
|Parish Share
Staff costs
Youth & junior church
Clergy expenses
Parish office costs
Church running costs
Repairs &
maintenance
Building costs
Churchyards upkeep
Insurance costs
Utilities
Diocese fees
Depreciation
Banking charges
Other expenses|**Unrestricted**
**Funds**
**2025**
**£**
155,400
124,917
3,833
2,011
25,277
16,984
8,604
8,293
1,025
3,967
24,010
173
1,077
803
113
376,487|**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
-
586
2,142
-
5,176
1,735
-
-
4,525
-
-
14,164|**Total**
**2025**
**£**
155,400
124,917
3,833
2,011
25,277
17,570
10,746
8,293
6,201
5,702
24,010
173
5,602
803
113
390,651|Unrestricted
Funds
2024
£
144,947
122,662
3,173
2,821
22,257
17,778
28,001
-
922
5,406
12,188
1,492
1,077
934
339
363,997|Restricted
Funds
2024
£
-
-
-
-
-
-
6,620
-
6,139
-
-
-
4,525
-
-
17,284|Total
2024
£
144,947
122,662
3,173
2,821
22,257
17,778
34,621
-
7,061
5,406
12,188
1,492
5,602
934
339|
|---|---|---|---|---|---|---|
|||||||381,281|
18
## **9. CHARITABLE EXPENDITURE**
|Amaha We Uganda
UK
Woking Besom
St Michael’s
Sheerwater
Local Community
Fund Grant
Pyrford CofE Primary
School
Other|**Unrestricted**
**Funds**
**2025**
**£**
10,226
10,226
10,226
5,728
4,032
-
40,438|**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
-
7,209
7,209|**Total**
**2025**
**£**
10,226
10,226
10,226
5,728
4,032
7,209
47,647|Unrestricted
Funds
2024
£
10,308
10,308
10.308
5,571
3,960
1,000
41,455|Restricted
Funds
2024
£
-
-
-
-
1,567
1,567|Total
2024
£
10,308
10,308
10.308
5,571
3,960
2,567|
|---|---|---|---|---|---|---|
|||||||43,022|
The balance of the local community fund for distribution at 31 December 2025 was £6,323 (2024: £5,095). During the year grants were made from the fund to Woking Hospice (£2,000), Lets Read (£500) and Woking Street Angels (£2,000).
## **10. NET GAINS/(LOSSES) ON INVESTMENTS**
||**Unrestricted**|**Restricted**|Unrestricted|Restricted|
|---|---|---|---|---|
||**funds**|**funds**|funds|funds|
||**2025**|**2025**|2024|2024|
||**£**|**£**|**£**|**£**|
|Unrealised gains/(losses)|(5,536)|(10,521)|3,676|5,830|
## **11. EMPLOYEES**
The average monthly number of employees during the year was 6 (2024: 6) employees, which equates to 3.5 full time employees.
|Charitable Activities
Administration
**Employment costs**
Wages and Salaries
Social Security
Other Pension costs|**2025**
1.5
2.0
3.5
**2025**
**£**
119,041
2,438
3,438
124,917|**2024**
1.5
2.0|
|---|---|---|
|||3.5
**2024**
**£**
115,299
4,062
3,301|
|||122,662|
There were no employees whose annual remuneration was more than £60,000.
19
## **12. TANGIBLE FIXED ASSETS**
|**GIBLE FIXED ASSETS**|||||
|---|---|---|---|---|
|**Cost**
At 1 January 2025
Additions
Disposals
At 31 December 2025
**Depreciation**
At 1 January 2025
Depreciation charged in year
Disposal
At 31 December 2025
**Carrying value**
**At 31 December 2025**
At 31 December 2024|**Freehold**
**land and**
**buildings**
**£**
46,805
-
(570)
46,235
39,305
-
(570)
38,735
**7,500**
7,500|**Other**
**Property**
**£**
33,148
-
-
33,148
33,148
-
-
33,418
-
-|**Fixture**
**and**
**fittings**
**£**
76,001
-
(3,704)
72,297
56,420
5,602
(3,704)
58,318
**13,979**
19,581|**Total**
**£**
155,954
-
(4,274)|
|||||151,680|
|||||128,873
5,602
(4,274)|
|||||130,201|
|||||**21,479**|
|||||27,081|
Freehold property consists of The Old School Room, Church Hill, Pyrford which is shown at land cost (renovation costs have been fully depreciated). Other property consists of the Car Park at St Nicholas’ which is not part of the beneficed property.
## **13. FIXED ASSET INVESTMENTS**
|**Cost or valuation**
At 1 January 2025
Valuation changes
At 31 December 2025|**Listed**
**investments**
**£**
421,056
(16,057)|
|---|---|
||404,999|
## **14. DEBTORS**
|**Amounts falling due within one year:**
Gift aid recoverable
Other debtors
Prepayments|**2025**
**£**
3,548
3,614
1,247
8,409|**2024**
**£**
2,365
1,430
-|
|---|---|---|
|||3,795|
20
## **15. CASH AT BANK AND IN HAND**
|**ASH AT BANK AND IN HAND**|||
|---|---|---|
|Short term deposits
Cash at bank and in hand
**REDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accruals and deferred income
Taxation and social security
Outward Giving|**2025**
**£**
54,361
76,121
130,482
**2025**
**£**
2,423
1,375
1,684
30,582
36,064|**2024**
**£**
64,551
62,960|
|||127,511
**2024**
**£**
5,475
399
4,315
27,818|
|||38,007|
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **17. RETIREMENT BENEFIT SCHEMES**
The PCC operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the PCC in an independently administered funds.
The charge to the profit or loss in respect of defined contribution schemes was £3,438 (2024: £3,301).
## **18. RESTRICTED FUNDS**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|Churchyards and
garden of
remembrance
Church of Good
Shepherd Projects
St Nicholas’
Wisley
Pastoral Care
Pyrford CoE
Education fund
Pyrford Charities
Bosonnet Benevolent
Fund|**Balance**
**at 1**
**January**
**2025**
**£**
512
6,569
228,927
19,954
92
19,593
6,445
4,226
286,318|**Incoming**
**resources**
**£**
3,545
21,108
1,390
39
-
-
-
-
26,082|**Resources**
**expended**
**£**
(2,314)
(3,265)
(8,204)
(463)
(92)
-
(1,514)
(3,550)
(19,402)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-|**Revaluations**
**£**
-
-
(9,153)
(602)
-
(766)
-
-
(10,521)|**Balance at**
**31**
**December**
**2025**
**£**
1,743
24,412
212,960
18,928
-
18,827
4,931
676|
|---|---|---|---|---|---|---|
|||||||282,477|
21
|Churchyards and
garden of
remembrance
Church of Good
Shepherd Projects
St Nicholas’
Wisley
Youth Causes
Pastoral Care
Pyrford CoE
Education fund
Bosonnet Benevolent
Fund|**Balance**
**at 1**
**January**
**2024**
**£**
3,362
9,915
222,881
15,060
399
19,159
-
4,226
275,002|**Incoming**
**resources**
**£**
3,289
8,297
6,967
5,000
-
-
8,012
-
31,565|**Resources**
**expended**
**£**
(6,139)
(4,722)
(5,975)
(448)
(307)
-
(1,567)
-
(19,158)|**Transfers**
**£**
-
(6,921)
-
-
-
-
-
-
(6,921)|**Revaluations**
**£**
-
-
5,054
342
-
434
-
-
5,830|**Balance at**
**31**
**December**
**2024**
**£**
512
6,569
228,927
19,954
92
19,593
6,445
4,226|
|---|---|---|---|---|---|---|
|||||||286,318|
In 2024 in agreement with the Henry Smith Charity (Pyrford Share) and Poor Allotment (together ‘The Pyrford Charities’), the PCC agreed to take over responsibility for the holding and administering of these fund.
Churchyards and Garden of Remembrance is a fund where contributions towards the graveyards from regular donations are held along with contributions for this purpose from Woking Borough Council. Costs associated with the maintenance of the graveyards are met from these funds.
The Church of Good Shepherd Projects, St Nicholas and Wisley funds were established to fund the renovation and maintenance of the buildings including Church House.
The Pyrford Church of England Education fund was established to promote and support educational activities in the parish.
The Pastoral Care fund was established to hold donations received to support pastoral work in the Parish.
The Bosonnet Benevolent Fund was established in 2014 at the request of Paul Bosonnet.
**19. UNRESTRICTED FUNDS** The income funds of the charity include unrestricted funds including designated funds by the PCC:
|General Reserve
Building Reserve
Benevolent fund|**Balance**
**at 1**
**January**
**2025**
**£**
183,137
48,548
23,433
255,118|**Parish**
**Income**
**£**
(2,754)
-
-
(2,754)|**Transfers**
**£**
-
-
-
-|**Revaluations**
**£**
(2,658)
(1,941)
(937)
(5,536)|**Balance at**
**31**
**December**
**2025**
**£**
177,725
46,607
22,496|
|---|---|---|---|---|---|
||||||246,828|
22
|**Balance**
**at 1**
**January**
**Parish**
**Income**
**2024**
**£**
**£**
General Reserve
179,588
(6,459)
Building Reserve
47,501
-
Benevolent fund
23,891
-
250,980
(6,459)
**NALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**2025**
**2025**
**£**
**£**
**£**
Fund balances at 31
December are
represented by:
Tangible assets
8,915
13,063
21,478
nvestments
152,372
252,627
404,999
Current assets
85,541
16,787
102,328
246,828
282,477
529,305|**Balance**
**at 1**
**January**
**Parish**
**Income**
**2024**
**£**
**£**
General Reserve
179,588
(6,459)
Building Reserve
47,501
-
Benevolent fund
23,891
-
250,980
(6,459)
**NALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**2025**
**2025**
**£**
**£**
**£**
Fund balances at 31
December are
represented by:
Tangible assets
8,915
13,063
21,478
nvestments
152,372
252,627
404,999
Current assets
85,541
16,787
102,328
246,828
282,477
529,305||**Transfers**
**Revaluations**
**£**
**£**
7,921
2,087
-
1,047
(1,000)
542
6,921
3,676
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
10,213
17,588
163,559
257,497
81,346
11,233
255,118
286,318|**Transfers**
**Revaluations**
**£**
**£**
7,921
2,087
-
1,047
(1,000)
542
6,921
3,676
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
10,213
17,588
163,559
257,497
81,346
11,233
255,118
286,318|**Balance at**
**31**
**December**
**2024**
**£**
183,137
48,548
23,433|**Balance at**
**31**
**December**
**2024**
**£**
183,137
48,548
23,433|
|---|---|---|---|---|---|---|
|||||||255,118|
||||||
|Total
2024
£
27,801
421,056
92,579|
||529,305|||286,318||541,436|
## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **21. PCC MEMBERS**
12 members of the PCC (2024: 13) received payments during the year, these being the reimbursement of approved expenses and payment of fees related to verger or PA duties, in accordance with the PCC approved schedule of rates. In addition 3 members (2024: 3) of the PCC were also paid employees. The aggregate amount of all expense/fees payments to members of the clergy and PCC during the period of office in the year was £15,347. (2024: £22,026). The aggregate amount of all payments (including salary and benefits) to members of the clergy and PCC during the period of office in the year was £112,365 (2024: £108,467).
## **Trustee remuneration and benefits**
|Name of trustee|||Amounts paid or benefit value|Amounts paid or benefit value||
|---|---|---|---|---|---|
||||**2025**||**2024**|
|||Remuneration|Pension|TOTAL|TOTAL|
|||£|£|£|£|
|Suzanne Lees-Smith|Employment contract|40,469|1,213|41,682|39,296|
||as Children and|||||
||Families minister|||||
|Linda Knowles (from date of|Employment contract|19,025|571|19,596|12,561|
|appointment to PCC)|as Parish Operations|||||
||Manager|||||
|Anthony Bligh|Employment contract|34,611|1,039|35,650|34,583|
||as Youth Minister|||||
23
## **INDEPENDENT EXAMINER’S REPORT**
**Report to the trustees The Parochial Church Council Of The Ecclesiastical Parish Of Wisley With Pyrford On accounts for** 31 December 2025 **Charity** 1128605 **Set out** 12-23 **the year ended no on pages**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and 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
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Graham Norton FCA 2 Patterdale Coldharbour Road West Byfleet KT14 6JN
9 March 2026
24