St. Michael and All Angels Church, Claverdon Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2025 In¢unibenl'. Reverend Tom Thomas (appointed 17 March 2026) Independent Examiner: Mr Richard Butler 5, Easigale Mews, Castle Lane. Wan¥ick. CV34 4BT Cliarity Number 1129532 PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON ANNUAL REPORT FOR 2025 Background The PCC of St. Michael and All Angels has the responsibility, in Co-operation with the incumbent, to promote the whole mission of the Church, pastoral, evangelistic, social and ecumenical within the ecclesiastical parish. It also has maintenance responsibilities for the Church Centre in Claverdon. Membership Members of the PCC are either ex offiGio or elected by the Annual Parochial Church Meeting IAPCM), which this year took place on 28 April 2025, in accordance with the Church Representation Rules. The following served as members of the PCC from 1 January 2025 up to the date ofthis report. Incumbent Reverend Tom Thomas (appointed 17, March 20261 Church Warden.. Mr Jonathan Evans Representative on the Deanery Synod.. Mrs Sue Jacques Mrs Sandra Aitken Mr Steve Aitken Mrs Ann Anthony- also Minutes Secretary Mrs Alison Bird Mr Richard Bonsall- also PCC Treasurer Mr David Easlham Mrs Andrea Gardner Mrs Penny Hanson Mrs Ingrid Moss Mrs Julia Waldron Elected Members.. Co-opted Member.. Reverend Philip Hanson The PCC met 5 times during 2025. At each PCC meeting, reports were received from each of its sul committees and the treasurer. Committees The PCC operates with a number of sub-commillees, which meet between full meetings of the PCC-. Fabric Committee This committee is chaired by Mr Richard Bonsall. 11 is responsible for the fabric of the Church and the Church Cenlre, the churchyard, the floodlighting, the clock and the bells. Mission and Giving Conlmiltee Chaired by Sue Jacques, this committee devises and organises the programme of charitable fundraising events for selected charities al home and abroad. Church Attendance There were 91 individuals on the Church Electoral Roll in April 2025. The average attendance on a usual Sunday for 2025 was 43 {2024'. 35). PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS. CLAVERDON ANNUAL REPORT FOR 2025 (continued) Financial Review The financial results for 2025 are summarised on page 4. Nel resources increased during the year by £10,333 ansing as follows. Deficit from week-to-week activities of the Church Surplus on the magazine {6,220) Income from investments 2.607 David Hardy Fund 3,381 19,118 Grant to support children and youth work 3,000 Church Centre Renewable Energy Project (net cost after receiving grants of £32.000) 111,5531 Net Increase in Resources £10 333 The lolal deficit from week-lo-week activities of1£6,2201 Compares with {£11,442} in 2024, an improvement of £5,222. The improvement was mainly driven by an improved performance from the Church Centre and reduced administration costs. The parish magazine also contributed a positive performance, as wèll as being an important means of communicating to the church and village community. The church's investments had a disappointing year with the value of investment funds reducing by £6,21012024. gain of £6,160), however the Investments provided dividend income of £3,381 during the year. The Diocesan Parish Share payable to the Coventry Diocese for 2025 was £41,45412024'. £39,480} - a sum payable despite being in interregnum. In¢ome from donors Ibolh planned and one-off) was broadly flat compared with 2024. The David Hardy Fund IDHFI was established in 2025 in memory of David Hardy who for over 50 years played a major role in ensuring the Church and the Church Centre were properly maintained to a high standard. The DHF has the aim of raising funds for the Church and Church Centre buildings Fundraising for the DHF commenced in August 2025 and by year end had reached a total of £19,118. Fundraising for the DHF will continue in 2026 and funds are intended to be focussed on the Church Centre to mark the 50 anniversary of the laying of the foundation stone. The old oil-fired boilers in the Church Centre were replaced in 2025 by heat pumps following the award of £25,000 grant from the Church of England's Nel Zero support fund. The heat pumps will significantly reduce the carbon footprint of the Church Centre. The lolal cost of the project over 2024 and 2025 was £55,106, in line with expectations, with total grants received of £32,000 resulting in a lolal net cost of £23,106 of which £11,553 was incurred in 2025. A number of fundraising events were held in 2025 including a quiz night, lent lunches, and wreath making. Collections from HatNest and Christmas serviGes1£5,2561 were donated lo a variety of charities al home and abroad. Overall nel PCC funds increased by £4,12312024'. decrease of £6.9771 The balance sheet on page S shows total bank and cash balances al 31 December 2025 of £29,754 (2024.. £17,945} and lolal liquid financial assets of £226,911 12024.. £211,026). In summary, activities in 2025 produced another week-to-week operating deficit, but at a lower level than in the past nine years. Al the same lime, significant investment was made into Ihe new renewable heating system al Church Centre, and with the David Hardy fund, further investment is planned for the fabric of the Church and the Church Cenlre. Encouraged by the efforts and inspiration of so many of our congregation in wanting our church to grow in every sense, oui aim is to continue this improving trend. The PCC iemains confident in our ability. with God's good grace. to conlinue our mission for the Church here in Claverdon. PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON ANNUAL REPORT FOR 2025 (continued) Annual Review A summary report of the activities of the Church in 2025 has been prepared and is lo be presented al the APCM on 18" May 2026. Copies are also available in the Church to all parishioners and upon request to any other interested party. Risk Management The PCC recognises ils responsibilities for managing risk. Principal Risks and Uncertainties Although as with many charitable organisalions, the majority of the PCC'S income is the result of voluntary giving and is therefore subject lo year-on-year fluctuations caused by levels of church membership and other more general economic factors, we do currently benefit from the cushion of having strong financial reserves to fall back on if limes become difficult. In addition, we have good financial controls and authorisation and review procedures in place to ensure that we manage our finances wisely. All this leads us to conclude that any financial risks that we are currently exposed lo are not of a signifi¢anl nature. Operations All our church premises and grounds are maintained to a high standard and each year significant funds are expended in order lo ensure that our church remains a well maintained and safe place in which to ongregale. Children's & Youth Work The health. safely and protection of children, young people and vulnerable adults is regarded as being of paramount importance lo Claverdon PCC We have adopted and operate a formal policy for the safeguarding of Children and vulnerable adults, in line with Diocesan guidelines. Continual review of our safeguarding policies, procedures and practice is ongoing and overseen by the PCC'S safeguarding officer who reports on these matters to each of our PCC meetings as a standard agenda item. The PCC remains committed to continuous improvement in the development and pracli¢al application of our safeguarding policies. United Benefice Sl Michael and All Angels, Claverdon, is a United Benefice with All Saints, Preston Bagot. Our incumbent is also the Priest-in-charge of Sl. Peter's, Woollon Wawen and, Associate Minister of St John the Baptist, Aston Canllow, On behalf of the PCC I.L C lo help support youth and children's work within Ihe parish. 14 A quinquennial review of the Church fabric look place in 2024. There were no major ilems ol concein identified. 16 PAROCHIAL CHURCH COUNCIL OF ST MICHAEL AND ALL ANGELS, CLAVERDON 15. Prior Year Adjustment Dunng the year the trustees identified Ihal an amount previously included within general funds was 5ubiecl to the lems of an endowment fund. Specifically this misclassificalion of funds in the prior year related to hisloric legacy {The Price and Tilley endowment} the provisions of which it has been discovered mean thal only the income and not the capital of the associated investment fund can be used for general purposes In accordance with FRS 102 and the Charities SORP. the comparative figures have been restated lo reflect the correct allocation of funds. The adjustment has no impact on lolal funds or the charity's financial position. but affects the analysis of funds between unreslricled and endowmènt balances. The effect of the restalemenl is shown below.. Fund Opening balance as previously ststed Adjustment. Openlng balance as restated General Funds £122.107 1£21,9211 £100.186 Endowment Fund £ 64,433 £21,921 £ 86.354 Restricted Funds £144 892 £0 £144 892 Total Funds £331,432 £0 £331,432 The trustees have reviewed the controls around fund classification and are satisfied that appropriate steps have been taken lo ensure that funds are correctly allocated going fotward.