**REGISTERED CHARITY NUMBER: 1129390** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025** **for** **WARGRAVE WITH KNOWL HILL PCC** Xeinadin South East Limited Unit 4, City Limits Danehill Reading RG6 4UP **WARGRAVE WITH KNOWL HILL PCC** **Contents of the Financial Statements for the year ended 31 December 2025** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 17| ## **WARGRAVE WITH KNOWL HILL PCC** ## **Report of the Trustees** **for the year ended 31 December 2025** ## **The Parochial Church Council** ## **Structure, governance and management** The PCC is a charity registered with the Charities Commission (registration number 112930) and is governed under the Church Representation Rules 2025. Membership of the PCC consists of the clergy of the parish, Churchwardens, elected representatives of Sonning Deanery and PCC elected members. Deanery representatives are appointed for a three year term and PCC elected members for a one year term. The PCC met 8 times during the year with an 80% average attendance. Administration of the Parish continued to be focused through the eight 8 CoG (Callings of God) Ministry Areas. ## **Membership and Committees** Members of the PCC are ex officio, elected by the Annual Parochial Church Meeting, or co-opted by the PCC, in accordance with the Church Representation Rules. The PCC is chaired by the Incumbent. Following the retirement of the Incumbent, Dr Mark Puddy acted as interim chair until a new Incumbent was in place. Incumbent: The Revd. David Chislett – appointed 26 August 2025 Associate Minister: The Revd. Steve Turville The following served as members of the PCC ("K" denotes a person elected by the parishioners of St. Peter's Knowl Hill, "W" a person elected by the parishioners of St. Mary's Wargrave). Churchwardens: W Mrs Susan Witney – resigned 30 September 2025 W Dr M Puddy Representatives on the Deanery Synod W Mr Michael Buckland W Mrs Rosie Creedon W Mrs Karen Lloyd W Mrs Christine Walker – resigned 18 May 2025 Elected Lay Members of the PCC W Mr Robert Austen MBE K Mrs Lesley Bell W Mr Peter Dart W Mrs Hannah Hobden Da Silva – resigned 18 May 2025 W Mr Jubi Da Silva Filho – resigned 18 May 2025 W Mr Andy Ferguson K Mrs Valda Hadden W Mrs Salome Laschinger – appointed 18 May 2025 W Mrs Denise Peet – appointed 18 May 2025, resigned 12 December 2025 W Mr Sean Sutcliffe W Ms Lesley Turville W Mrs Sarah Whiteside resigned 18 May 2025 W Mrs Sheila Williams (Secretary) W Mrs Jane Wills (Treasurer) Co-opted Members of the PCC None ## **Principal address** The Parish Office St Mary’s Church Station Road Wargrave Reading Berkshire RG10 8EU Page 1 ## **WARGRAVE WITH KNOWL HILL PCC** **Report of the Trustees for the year ended 31 December 2025** ## **Achievements and performance in the year** During the first eight months of 2025, the Parish remained in vacancy and was ably led by the Churchwardens, Dr Mark Puddy and Sue Witney with the vast majority of the services taken by Revd Steve Turville. Other clergy assisted when Steve was unavailable and we are grateful in particular for the ministry of Rev Marina Brain. Revd David Chislett was appointed as vicar with his institution, induction and installation service taking place on August 26[th] 2026 led by the Bishop of Reading, Mary Gregory. Over 100 people met David over coffee, lunch or supper ‘Come and Meet’ events with the hospitality team providing the refreshments. This was spearheaded by Sue Witney who stood down as Churchwarden at the end of September having made a huge contribution during the vacancy. Salome Laschinger stepped up as Associate Churchwarden to work with Mark. Changes in service times were necessary during the vacancy, and in October the PCC agreed to revise the service times and pattern to the following: ||||| |---|---|---|---| ||**St Mary's Wargrave**|**St Paul's Warren**
**Row**|**St Peter's Knowl Hill**| |1st
Sunday|8:00 Holy Communion
(Traditional)
10.00 Morning Worship
(Common Worship)||10.00 Holy
Communion
(Common Worship)| |2nd
Sunday|8:00 Holy Communion
(Traditional)
10.00 Holy Communion
(Common Worship)|9.15 Holy
Communion
(Traditional)|| |3rd
Sunday|8:00 Holy Communion
(Traditional)
10.00 Morning Worship
(Common Worship)||10.00 Holy
Communion
(Common Worship)| |4th
Sunday|8:00 Holy Communion
(Traditional)
10:00 Holy Communion or
if last Sunday of month
All Age with Communion
(Common Worship)||| |5th
Sunday|8:00 Holy Communion
(Traditional)
All Age with Communion
(Common Worship)||| The annual Remembrance Sunday service at St Mary’s was attended by 292 people including uniformed young people with many more joining for the RBL service on Mill Green. Our annual music concert was, once again, a sell out and we are grateful to Peter Dart, our Director of Music for his work in bringing together an evening of exceptional musical quality. Our Advent through to Epiphany “Follow the Star’ was well received as we welcomed the largest Christmas attendance in recent years. We were also pleased to host and speak at carol services for The Piggott School, Robert Piggott Junior School and Crazies Hill School. Page 2 ## **WARGRAVE WITH KNOWL HILL PCC** ## **Report of the Trustees for the year ended 31 December 2025** ## **Church Attendance** The Electoral Roll is updated regularly and is completely revised every six years. The last complete revision was in 2024. At the end of 2025 there were 203 people on the Parish Electoral Roll (2024: 233) of which 179 (2024: 214) were on the Wargrave Electoral Roll and 24 (2024: 19) were on the Knowl Hill Electoral Roll. The Usual Sunday Attendance is 104 adults and 5 children (2024: 102 adults and 10 children). Higher attendance was recorded for specific services in the year such as Christmas, Easter, Remembrance Sunday. 1,274 people attended Christmas Services (2024: 1,104 _)_ ## **Financial review** The results for 2025 show a deficit on unrestricted activities of £14,184 before fund transfers compared to a surplus of £9,925 in 2024. Income has declined by £52,740 across all parish funds when compared to 2024. Unrestricted donations and legacies, including related gift aid, are down due to lower levels of giving and a reduction in the number of individual donors. Fundraising is also down due to 2025 not being a Festival year. Church activities, which include statutory fees and the parish magazine were also down in comparison to the prior year – partly due to fewer funeral services being held in the year. Room hire was also lower due to the loss of a couple of recurring block bookings. Restricted income was lower in 2025 compared to 2024 as the main Knowl Hill restoration Fund campaign was completed in the prior year. This was partly offset by higher donations for the Mill Green Fund to cover work on the trees and paths. Unrestricted expenditure in the year decreased to £171,863 in 2025 from £174,838 in 2024 - a decrease of around 1.7%. The main movements in costs related to higher repair costs in the year. Utility costs also increased over prior year, not helped by the major water leak at St Marys in the final quarter of the year. These increases were offset by lower fundraising costs (again, due to there being no Festival in 2025) and lower office costs, The reduction in the Parish Share payments for the period of the vacancy was reversed following the appointment of the new vicar. Lower income levels resulted in slightly lower mission giving as this is directly related to the level of unrestricted income net of parish share. Restricted expenditure was much lower than in 2024 with limited work on St Peter’s this year. This was offset by higher costs incurred from the Mill Green Fund for tree works and other ongoing maintenance. As a result, restricted funds held at the year-end were £49,294 compared to £42,654 in 2024, whilst unrestricted reserves stood at £246,696 at the end of 2025 compared to £261,880 at the end of 2024. The PCC's policy is to invest any surplus cash in the Central Board of Finance deposit fund. Endowment funds are invested in the COIF or CBF Investment Funds managed by CCLA Investment Management Ltd on behalf of the Trustees. Unrestricted balances are either designated for use against future repairs or used to smooth income fluctuations and are on deposit or in working capital. The PCC reserves policy is to maintain unrestricted general reserves equivalent to at least 6 months of annual expenditure. ## **Reference and administrative details** ## **Independent Examiner** Keith Westran FCCA ACA Xeinadin South East Limited Unit 4, City Limits Danehill Reading RG6 4UP Approved by order of the board of trustees on 29 March 2026 and signed on its behalf by: Rev D W Chislett Trustee Page 3 **Independent Examiner's Report to the Trustees of Wargrave with Knowl Hill PCC** ## **Independent examiner's report to the trustees of Wargrave with Knowl Hill PCC** I report to the charity trustees on my examination of the accounts of Wargrave with Knowl Hill PCC (the Trust) for the year ended 31 December 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Keith Westran Unit 4, City Limits Danehill Reading RG6 4UP Date: 29 March 2026 Page 4 ## **WARGRAVE WITH KNOWL HILL PCC** ## **Statement of Financial Activities for the year ended 31 December 2025** |**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from**
Donations and legacies
**134,021**
**26,040**
**-**
Activities for generating funds
2
**4,852**
**-**
**-**
Church Activities
2
**12,037**
**7,752**
**-**
Other incoming resources
2
**1,470**
**-**
**-**
Investment income
3
**5,299**
**-**
**11,216**
**Total**
**157,679**
**33,792 **
**11,216**
**Expenditure on**
Raising funds
**1,975**
**-**
**-**
**Church activities**
Church Activities
5
**169,888**
**28,152 **
**11,216**
**Total**
**171,863**
**28,152 **
**11,216**
**NET INCOME/(EXPENDITURE)**
**(14,184)**
**5,640**
**-**
**Transfers between funds**
13
**(1,000)**
**1,000**
**-**
**Other recognised**
**gains/(losses)**
Gains/(losses) on revaluation of
fixed assets
**-**
**-**
**(10,743) **
**Net movement in funds**
**(15,184)**
**6,640**
**(10,743)**
**Reconciliation of funds**
Total funds brought forward
**261,880**
**42,654**
**267,886**
**Total funds carried forward**
**246,696**
**49,294 **
**257,143**|**2025**
**Total**
**funds**
**£**
**160,061**
**4,852**
**19,789**
**1,470**
**16,515**
**202,687 **
**1,975**
**209,256**
**211,231 **
**(8,544)**
**-**
**(10,743) **
**(19,287)**
**572,420**
**553,133**|**2024**
**Total**
**funds**
**£**
199,764
15,174
21,776
1,329
17,384
255,427
2,573
282,650
285,223
(29,796)
-
5,993
(23,803)
596,223
572,420| |---|---|---| The notes form part of these financial statements Page 5 ## **WARGRAVE WITH KNOWL HILL PCC** ## **Balance Sheet 31 December 2025** |**Notes**
**Fixed assets**
Tangible assets
8
Investments
9
**Current assets**
Debtors
10
Cash at bank
**Creditors**
Amounts falling due within one year
11
**Net current assets**
**Total assets less current liabilities**
**NET ASSETS**
**Funds**
13
Unrestricted funds
Restricted funds
Endowment funds
**Total funds**|**2025**
**£**
**317**
**257.143**
**257.460**
**11.018**
**324,866**
**335,884**
**(40,211)**
**295,673**
**553,133**
**553,176**
**246,696**
**49,294**
**257,143**
**553,133**|**2024**
**£**
742
267,886
268,628
6,318
325,195
331,513
(27,721)
303,792
572,420
572,420
261,880
42,654
267,886
572,420| |---|---|---| |||| The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2026 and were signed on its behalf by: Rev D W Chislett Trustee Mrs J Wills Trustee The notes form part of these financial statements Page 6 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements for the year ended 31 December 2025** ## **1. Accounting policies** ## **Basis of preparing the financial statements** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2016)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of Investments which are included at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows; - the requirement of paragraph 3.17(d); - the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c). ## **Income** ## **Voluntary income and capital sources:-** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant or pledge is recognised only when received. Tax recoverable on Gift Aid donations is recognised in the period in which the qualifying donations are received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. . ## **Other income:-** Rental income from the letting of church premises is recognised when the rental is due. Funds raised by church social events and other activities and from the sale of books and magazines are accounted for gross. Dividends and interest are accounted for when received. Gains and losses on investments:-Unrealised gains or losses are accounted for on revaluation of investments at 31 December 2025. Donated goods and gifts in kind are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. ## **Expenditure** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when there is a legal and constructive obligation to pay out resources, and the amount can be measured with reasonable certainty. The value of any voluntary help received is not included in the accounts but is described as appropriate in the trustees' annual report. ## **Tangible fixed assets** Consecrated and beneficed property of any kind is not included in the accounts in accordance with section 10(2)(a) of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2003 there is insufficient cost information and therefore such assets are not valued in the financial statements. Page 7 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **1. Accounting policies - continued** ## **Tangible fixed assets** Equipment used within the church premises is depreciated on a straight-line basis over the estimated useful life of the asset where the asset is readily identifiable as separate to the buildings or fabric thereof. Individual and separable items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. Investments, COIF shares and UK stocks & shares are valued at market value at 31 December 2025. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Value added tax** The Charity is not registered for VAT and accordingly, where applicable, all costs and expenditure incurred are accounted for inclusive of VAT. ## **2. Other activities** |**Activities for generating funds**
Fundraising events
Income from room lettings
**Church Activities**
Parish Magazine
Fees
**Other incoming resources**
Sundry income
**3.**
**Investment income**
Dividends
Deposit account interest
**4.**
**Trustees' remuneration and benefits**
Payments to incumbent, PCC members and related parties
Reimbursed expenses paid to PCC members
Magazine production and other printing costs - paid to company connected
to PCC member|**2025**
**£**
**538**
**4,314**
**4,852**
**1,309**
**18,480**
**19,789**
**1,470**
**1,470**
**2025**
**£**
**11,216**
**5,299**
**16,515**
**2025**
**£**
**13,799**
**1,527**|**2024**
**£**
6,943
8,231
15,174
1,448
20,328
38,279
1,329
1,329
**2024**
**£**
10,789
6,430
17,384
2024
£
8,832
1,332| |---|---|---| Page 8 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **4. Trustees' remuneration and benefits - continued** ## **Trustees' expenses** No payments other than those identified above were paid to any other PCC member, persons closely connected to them or related parties There were no other trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. ## **5. Expenditure on church activities** |**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**Church Activities 2025**
Mission and charitable giving
**5,640**
**-**
**-**
Special collections
**-**
**5,109**
**-**
Parish share
**86,844**
**-**
**-**
Office expenses
**8,785**
**-**
**-**
Clergy expense, music and service costs
**-**
**-**
**8,959**
Fees paid to diocese and other restricted funds
**-**
**7,752**
**-**
Health and Safety
**280**
**-**
**-**
Heat, light and water
**20,328**
**-**
**-**
Insurance
**11,157**
**-**
**-**
Maintenance – church, Hannen Room. St Mary
Centre, churchyard and cemetery
**16,957**
**6,186**
**2,257**
Maintenance – Mill Green
**468**
**8,135**
**-**
Depreciation
**-**
**425**
**-**
Parish magazine
**1,624**
**-**
**-**
Youth groups
**-**
**545**
**-**
Flowers
**526**
**-**
**-**
Staff costs
**15,809**
**-**
**-**
Examiners fees
**1,470**
**-**
**-**
**Total**
**169,888**
**28,152**
**11,216**
**Church Activities 2024**
Mission and charitable giving
8,000
-
-
Special collections
-
12,995
-
Parish share
87,704
-
-
Office expenses
11,967
-
-
Clergy expense, music and service costs
6,460
-
9,843
Fees paid to diocese and other restricted funds
-
9,998
-
Health and Safety
120
-
-
Heat, light and water
14,786
-
-
Insurance
10,552
-
-
Maintenance – church, Hannen Room. St Mary
Centre, churchyard and cemetery
8,848
71,912
1,111
Maintenance – Mill Green
677
3,476
-
Depreciation
-
424
-
Parish magazine
1,264
-
-
Youth groups
-
1,126
-
Flowers
431
-
-
Staff costs
19,636
-
-
Examiners fees
1,320
-
-
**Total**
171,765
99,931
10,954|**Total**
**funds**
**£**
**5,640**
**5,109**
**86,844**
**8,785**
**8,959**
**7,752**
**280**
**20,328**
**11,157**
**28,400**
**8,603**
**425**
**1,624**
**545**
**526**
**15,809**
**1,470**
**209,256**
8,000
12,995
87,704
11,967
16,303
9,998
120
14,786
10,552
81,871
4,153
424
1,264
1,126
431
19,636
1,320
282,650| |---|---| Page 9 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **6. Staff costs** During the year the PCC employed two part time parish administrators plus ad hoc support as required. There is also a director of music / organist, who was appointed in 2011, but who does not draw a salary. |Administration
Employers national insurance
Pension contributions
Total
The average monthly number of employees during the year was as follows:
Administrative staff
No employees received emoluments in excess of £60,000.|**2025**
**£**
**15,809**
**0**
**0**
**---------**
**15,809**
**=====**
**2025**
2|2024
£
19,636
0
0
**---------**
19,636
**=====**
**2024**
2| |---|---|---| ## **7. Comparatives for the statement of financial activities** |**Unrestricted**
**funds**
**£**
**Income and endowments**
Donations and legacies
149,552
Activities for generating funds
15,174
Church Activities
11,778
Other incoming resources
1,329
Investment income
6,430
**Total**
184,263
**Expenditure on**
Raising funds
2.573
Church Activities
171,765
**Total**
174,338
**NET INCOME**
9,925
**Transfers between funds**
1,001
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of fixed assets
-
**Net movement in funds**
10,926
**Reconciliation of funds**
Total funds brought forward
250,954
**Total funds carried forward**
261,880|**Restricted**
**funds**
**£**
50,212
-
9,998
-
-
60,210
-
99,931
99,931
(39,721)
(1,001)
-
(40,722)
83,376
42,654|**Endowment**
**funds**
**£**
-
-
-
-
10,954
10,954
-
10,954
10,954
-
-
5,993
5,993
261,893
267,886||**Total**
**funds**
**£**
199,764
15,174
21,776
1,329
17,384
255,427
2,573
282,650
285,223
(29,796)
-
5,993
(23,803)
596,223
572,420| |---|---|---|---|---| |||||| |||||| Page 10 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **8. Tangible fixed assets** |**Tangible fixed assets**|| |---|---| ||**Plant and**| ||**machinery**| ||**£**| |**Cost**|| |At 1 January 2025 and 31 December 2025|6,245| |**Depreciation**|| |At 1 January 2025|5,503| |Charge for year|425| |At 31 December 2025|5,928| |**Net book value**|| |At 31 December 2025|317| |At 31 December 2024|742| ## **9. Fixed asset investments** Investments consist of the following: ## **Endowments** Certain of the endowments are in the name of the vicar and churchwardens. They are all permanent which precludes the PCC having any rights over capital. They have been included in these accounts in order to complete the records of the funds available to the church. The endowment funds consist of the following:- ||Number of units in|| |---|---|---| ||CBF Investment|Application of income from trusts| |Fund designation|Fund|restricted in trust document:-| |||For the provision of a curate in Hare| |Hare Hatch - Young's trust|983|Hatch| |||For the provision of a curate in| |Gurowska trust|8956|Crazies Hill| |Old churchyard|388|For the upkeep of the old churchyard| |||For the upkeep of the chalk-pit| |New cemetery|211|cemetery| |Chancel repair fund|96|For chancel repairs| |||For the repair and upkeep of the| |Sansom / Sharp legacies|768|church| ||Number of shares|| ||in Charities Official|
Application of income from trusts| |Fund designation|Investment Fund|restricted in trust document:-| |||One half of the income may be| |Whiting Trust|114|applied to support the choir and one| |||half applied to chancel repairs| |||For work of the Church of England at| |LC Wigneys charity|95|Knowl Hill| The valuation movements of these investments are as follows:- ||**Valuation at 31**|**Valuation at 31**|
**Unrealised**| |---|---|---|---| ||**December 2025**|**December**|**gain/(loss for**| |||**2024**|**year )**| |CBF Church of England Investment Fund.11,402 units|||| |(Original cost £16,643)|**253,105**|263,425|**(10,540)**| |COIF share - 209 shares|**4,038**|4,241|**(203)**| ||**------------**|**------------**|**------------**| |Total investment at valuation|**257,133**|267,628|**(10,743)**| ||**=======**|**=======**|**=======**| Page 11 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **9. Fixed asset investments - continued** ## **Other investments** The following investments are held for the PCC by either the Oxford Diocesan Board of Finance or Diocesan Trustees (Oxford) Limited. The capital is not available to the PCC and is not therefore shown in the balance sheet. The income from these trusts, except for the Woodclyffe Hall, is restricted to specific purposes as set out in the trust document and has been applied as identified below. The income from the Woodclyffe Hall trust is received towards general purposes of the parish. Hare Hatch - mission room: For the work of the Church of England at Hare Hatch St John’s Cottage: For any ecclesiastical purpose in the parish Bond bequest: For the upkeep of the old churchyard Hare Hatch - Young’s benefaction: For the work of the Church of England at Hare Hatch Woodclyffe Hall - sale proceeds: For any ecclesiastical purpose in the parish - (unrestricted) ||Number of units in CBF|**Market value 31 December**| |---|---|---| ||Investment Fund|**2025**| |||**£**| |Hare Hatch - mission room:|554|**12,297**| |St John’s Cottage:|1,850|**41,066**| |Bond bequest:|208|**4,617**| |Hare Hatch - Young’s benefaction:|3,258|**72,322**| There are also the following further investments where neither the capital nor the income is directly available to the PCC and therefore form no part of the accounts. The custodian trustee is the Oxford Diocesan Board of Finance. |Number of units in CBF
Investment Fund
**Market value 31**
Woodclyffe Almshouses
3,519
Woodclyffe Hostel
1,782
Crazies Hill Hall
3,279
**10.**
**Debtors: amounts falling due within one year**
**2025**
**£**
Income tax recoverable
**4,106**
Other debtors
**4,021**
Prepayments and accrued income
**2,891**
**11,018**|**December**
**2025**
**£**
**78,116**
**39,557**
**72,788**
**2024**
**£**
3,300
-
3,018
6,318| |---|---| Debtors all relate to unrestricted funds except for an amount of £1,148 income tax recoverable (2024 - £755) in respect of donations and income for restricted funds. ## **11. Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Other creditors|40,211|27,721| Page 12 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **12. Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fixed assets
**-**
**317**
**-**
Investments
**257,143**
Current assets
**285,746**
**50,138**
**-**
Current liabilities
**(39,050) **
**(1,161)**
**-**
**246,696**
**49,294 **
**257,143**|**2025**
**Total**
**funds**
**£**
**317**
**257,143**
**335,884**
**(40,211)**
**553,133**|**2024**
**Total**
**funds**
**£**
742
267,886
331,513
(27,721)
572,420| |---|---|---| ## **13. Movement in funds** |**Movement in funds**|| |---|---| |**Net**
**Transfers**
**movement**
**between**
**At 1/1/25**
**in funds**
**funds**
**£**
**£**
**£**
**Unrestricted funds**
General fund
**261,880**
**(14,184)**
**(1,000)**
**Restricted funds**
Youth Work
**301**
**1,280**
**-**
Churchyard and chalkpit maintenance
**8,580**
**(1,727)**
**1,000**
Mill Green upkeep
**248**
**4,065**
**-**
Church restoration - St Peter's
**31,664**
**1,897**
**-**
Organ - restricted
**70**
**-**
**-**
St Peter's Churchyard restricted fund
**1,791 **
**125**
**-**
**42,654**
**5,640**
**1,000**
**Endowment funds**
Hare Hatch - Young's Trust
**22,730**
**(909)**
**-**
Gurwoska Trust
**207,087**
**(8,279)**
**-**
Old Churchyard
**8,972**
**(358)**
**-**
New Cemetery
**4,879**
**(195)**
**-**
Chancel Repair Fund
**2,219**
**(89)**
**-**
Whiting Trust
**2,313**
**(110)**
**-**
Sansom/Sharp Legacies
**17,758**
**(710)**
**-**
LC Wigneys Fund - St Peter's
**1,928**
**(93)**
**-**
**267,886**
**(10,743)**
**-**
**TOTAL FUNDS**
**572,420**
**(19,287)**
-|**At**
**31/12/25**
**£**
**246,696**
**1,581**
**7,853**
**4,313**
**33,561**
**70**
**1,916**
**49,294**
**21,821**
**198,808**
**8,614**
**4,684**
**2,131**
**2,203**
**17,048**
**1,835**| ||**257,143**
**553,133**| ||| Page 13 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **13. Movement in funds - continued** Net movement in funds for 2025, included in the above are as follows: ||**Incoming**|**Resources**|**Gains and**|**Movement**| |---|---|---|---|---| ||**resources**|**expended**|**losses**|| ||**in funds**|||| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |General fund|**157,679**|**(172,863)**|**(1,000)**|**(15,184)**| |**Restricted funds**||||| |Youth Work|**1,825**|**(545)**|**-**|**1,280**| |Churchyard and chalkpit maintenance|**4,459**|**(6,186)**|**1,000**|**(727)**| |Mill Green upkeep|**12,625**|**(8,560)**|**-**|**4,065**| |Church restoration - St Peter's|**1,897**|**-**|**-**|**1,897**| |Diocesan fees|**7,752**|**(7,752)**|**-**|**-**| |Special Collections|**5,109**|**(5,109)**|**-**|**-**| |St Peter’s Churchyard restricted fund|**125**|**-**|**-**|**125**| ||**33,792**|**(28,152)**|**1,000**|**6,640**| |**Endowment funds**||||| |Hare Hatch - Young's Trust|**632**|**(632)**|**(909)**|**(909)**| |Gurwoska Trust|**5,754**|**(5,754)**|**(8,279)**|**(8,279)**| |Old Churchyard|**249**|**(249)**|**(358)**|**(358)**| |New Cemetery|**136**|**(136)**|**(195)**|**(195)**| |Chancel Repair Fund|**62**|**(62)**|**(89)**|**(89)**| |Whiting Trust|**65**|**(65)**|**(110)**|**(110)**| |Sansom/Sharp Legacies|**493**|**(493)**|**(710)**|**(710)**| |Hare Hatch - Mission room|**356**|**(356)**|**(93)**|**(93)**| |St John's Cottage|**1,189**|**(1,189)**||**-**| |Bond Bequest|**134**|**(134)**||**-**| |Hare Hatch Young's Benefaction|**2,093**|**(2,093)**||**-**| |LC Wigneys Fund - St Peter's|**53**|**(53)**||**-**| ||**11,216**|**(11,216)**|**(10,743)**|**(10,743)**| |**TOTAL FUNDS**||||| ||**202,687**|**(211,231)**|**(10,743)**|**(19,287)**| Page 14 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **13. Movement in funds - continued** ## **Comparatives for movement in funds** |**Net**
**Transfers**
**movement**
**between**
**At 1/1/24**
**in funds**
**funds**
**£**
**£**
**£**
**Unrestricted funds**
General fund
250,954
9,925
1,001
**Restricted funds**
Youth Work
1,414
(1,113)
Churchyard and chalkpit maintenance
8,599
982
(1,001)
Mill Green upkeep
4,085
(3,837)
Church restoration - St Peter's
68,548
(36,884)
-
Organ - restricted
70
-
St Peter's Churchyard restricted fund
660
1,131
-
83,376
(39,721)
(1,001)
**Endowment funds**
Hare Hatch - Young's Trust
22,221
509
Gurwoska Trust
202,453
4,634
Old Churchyard
8,771
201
-
New Cemetery
4,770
109
-
Chancel Repair Fund
2,170
49
-
Whiting Trust
2,262
51
-
Sansom/Sharp Legacies
17,361
397
-
LC Wigneys Fund - St Peter's
1,885
43
-
261,893
5,993
-
**TOTAL FUNDS**
596,223
(23,803)
-|**At**
**31/12/24**
**£**
261,880
301
8,580
248
31,664
70
1,791
42,654
22,730
207,087
8,972
4,879
2,219
2,313
17,758
1,928
267,886
572,420| |---|---| Page 15 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **13. Movement in funds - continued** Comparative net movement in funds for 2024, included in the above are as follows: ||**Incoming**|**Resources**|**Gains and**|**Movement**| |---|---|---|---|---| ||**resources**|**expended**|**losses**|**in funds**| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |General fund|184,263|(174,338)|-|9,925| |**Restricted funds**||||| |Youth Work|13|(1,126)|-|(1,113)| |Churchyard and chalkpit maintenance|10,314|(9,332)|-|982| |Mill Green upkeep|63|(3,900)|-|(3,837)| |Church restoration - St Peter's|21,727|(58,611)|-|(36,884)| |Diocesan fees|9,998|(9,998)|-|-| |Special Collections|12,995|(12,995)|-|-| |St Peter’s Churchyard restricted fund|5,100|(3,969)|-|1,131| ||60,210|(99,931)|-|(39,721)| |**Endowment funds**||||| |Hare Hatch - Young's Trust|617|(617)|509|509| |Gurwoska Trust|5,620|(5,620)|4,634|4,634| |Old Churchyard|243|(243)|201|201| |New Cemetery|132|(132)|109|109| |Chancel Repair Fund|60|(60)|49|49| |Whiting Trust|63|(63)|51|51| |Sansom/Sharp Legacies|482|(482)|397|397| |Hare Hatch - Mission room|348|(348)|-|| |St John's Cottage|1,162|(1,162)|-|-| |Bond Bequest|131|(131)|-|-| |Hare Hatch Young's Benefaction|2,044|(2,044)|-|-| |LC Wigneys Fund - St Peter's|52|(52)|43|43| ||10,954|(10,954)|5,993|5,993| |**TOTAL FUNDS**|255,427|(285,223)|5,993|(23,803)| Page 16 ## **WARGRAVE WITH KNOWL HILL PCC** **Notes to the Financial Statements - continued for the year ended 31 December 2025** ## **13. Movement in funds - continued** ## **Designated funds** Included within the balance of general funds is an amount of £9,596 (2024 - £13,316) designated by the PCC for specific works. The movement on the designated funds in the year is as follows:- |||**Net movement**|| |---|---|---|---| |||**in funds**|| ||**At 1/1/25**||**At 31/12/25**| ||**£**|**£**|**£**| |Building repairs - St Mary's|**4,255**|**-**|**4,255**| |Organ repairs - St Mary's|**9,061**|**(3,720)**|**5,341**| ||**------------**|**------------**|**------------**| ||**13,316**|**(3,720)**|**9,596**| ||**------------**|**------------**|**------------**| ## **14. Related party disclosures** Unrestricted donations totalling £20,488 (2024 - £19,374) were received from PCC members in the year There were no related party transactions other than those referred to in note 4 to the financial statements. ## **15. Mission of the church** Charitable giving comprises donations from general funds and special collections passed onto charities and other agencies. ||**2025**|2024| |---|---|---| ||**£**|£| |Wycliffe Bible Translators||1,000| |Yeldall Christian Centre||2,000| |USPG||1,000| |TearFund||3,000| |REInspired||375| |CSW||1,000| |Henley Christians Against Poverty|**2,000**|1,125| |Wargrave Parish Trust||150| |A Rocha - EcoChurch||1,000| |Element of payments relating to prior year Mission provision|**(10,400)**|(13,050)| |Funds not awarded at year end|**14,040**|10,400| ||-----------|------------| |Total|**5,640**|8,000| ||======|======| |Special collections, specific fund raising & donations passed on in the year:-||| ||**2025**|2024| ||**£**|£| |Royal British Legion|**94**|38| |Other - including funeral collections passed to funeral directors and leaving|**5,015**|12,957| |collections for incumbent and curate||| ||-----------|------------| ||**5,109**|**12,995**| ||======|======| Special collections, specific fund raising & donations passed on in the year:- In addition, an amount including gift aid of £ 10,956 (2024 - £10,956) was collected, in an agent capacity, for the work of YWAM (Youth With A Mission). This was paid direct to the nominated mission worker. A further £747 (2024 - £723) was donated in lieu of payment for verger services on behalf of an individual to Wycliffe Bible Translators for work carried out by an individual with connections to the parish. Page 17