PARISHO WITNEY RwJlslw80 Ch8dly 1129784 A Called to be a community of mercy and kindness 2025 Annual Report and Accounts (unaudited)
Ann rt and Ac PARISHO WITNEY R8gis18r8d Ch8rty 1129784 CONTENTS Page No l. Legal and Admlnlstratlve Detall 2. Annual Report for the year ended 31 December 2025 3. Independent Examlne¢s Report 4. Parlsh of Wltney Consolldated Accounts for the year ended 31 December 2025 io
rtandA ount ÈPARISHO WITNEY Registergj Gharty 1129784 l. Legal and adminlstratlve detalls Full Parochlal Name The Parish of Witney The churches of Si john the Baptist, Curbridge., St John the Evangelist, Hailey.. Holy Trinity, Witney,. and St Mary the Virgin. Witney. The Windrush church i.s affiliated ta the Parish. Charlty registratlon number 1129784 Church Office St Mary the Virgin. Church Green. Witney, OX28 4AW Tel.. 01993 779492 P.-mdll.. Bankers to the PCC BdrLlay.s Bank PLC, 30 Market Square. Witney, OX28 6BI Independent examlner Whitley Stimpson Limitl'd, 13.15 Hlgh Street, Witney, OX28 6HW The Folluwing are.SLhools and charities assuciated with the Parish of Wltney and whose transactiuns are nut incluLled In these accounts.. The Batt SLhool Trust (excepted chariry) The Rector is a trustee on induction and ChurLh Wardens are ex-officio trustee.s. Halley Church of England School Trust (excepted charity) The Rector is an L'x-ufflclo trustee and thL PCC appoints on ex-officio trustee. Collier attd Goose Ham twitney Ecclesiasti¢al Charity, no. 238857] The Rector is an ex.ufficlo trustee. the PCC nominate& two trustees and the Rector and the two nominative IrusLee5 appoint two co-optative trustee5. Witney EcumenSLal Youth Trust The PCC appoints two trustees whu are normally 01(erS of the PCC. St Mary's Church {Witney] Preservation Trust (Charity no. 284576) 'rhe Rector is a trustee on induction or the priest in Lharge during an interregnum. The Friends ol Halley Church (Charity no. 293821) The"Vicar of Halley" is an ex-officio member of the committee.
2025 Ann l Re cco PARISHO WITNEY R8gister8d Charity 1129784 Membershlp of the Parish of Witney Parochial Church Councll and Deputy Wardens As elected at the Annual Meeting on 11 May 2025.. Clergy The Rev'd Dr Hester lunes Chair The Rev'd Dr Christopher Dingwall.lones The Rev'd james Elward The Rev'd Preb Mark Thomas Ms Kate Bank Mr jeremy Lasman ' St Marls Mr Ashley Arnuld MrAndrew Brown Hnly Trinity Mrs Charlutte Tremain Halley Ms Klrsty Morgan Curbridge Mr lan Galletley Mrs laniLe Stanlland i Ms Kate Bank5 Mrs Sue Hudges Mr jeremy lasman Mrs Linda Taft Churchwardens Deputy Churchwarden. Windrush Church Representative Deanery Synud (elected) Secretary (non-voting) Mrs Kate LDckwood member of the Standing Committee not a member ofthe PCC The Clergy, Churchwarden8 and Deanery Synud members are all ex.ofFicio members of the Council. IdLh LhurLh has places on the PCC for Depuly Wardens ex-()ffiLiO but these place5 can be relinquished and another representative elected from the church.
025 IRe Accou PARISHO WITNEY Registèred Charity 1129784 2. Annual Reportfor the year ended 31 December 2025 The Trustees are pleased to present thelr annual report and financial statements of The Parlsh of Witney Parochial Church Council (PCC) for the year ended 31 December 2025. The FinanLial Statements have bLen prepared In accordance with the accountinR policies set out in n(Ite I to the accounts and complies with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Stalemiint of Recummended Practice applicable to charities preparing their accounts. in accordance with the Financlal Reporting Standard applicable in the UK and the Republic of Ireland published on 2 October 2019 and effective from I january 2019. 2.1 Reference and Admlnlstration Details The charity's name is The Parochial Church CounL'il of the Parish of Witney and also ()perates undLir the name of The Pt7ri.sh (Jl, Witney. Charity Registration Number: 1129784 PrinLipal Office,, St Mary the VirgSn, Church Green, Witney, OX28 4AW 2.2 Trustees The Trustees and officers who served durln¥ the year and since the year end were as follows.. Mr Ashley Arnold Ms Kate Bank5 MrAndrew Brown The Rev'd Dr Christopher Dingwall-lones The Rev'd lames Elward (until S March 2026) Mr lan Galletley Mrs Sue Hndges The Rev'd Dr Hester Jones (from 7 lanuary 2025] MrJeremy Lasman Ms Kirsty Morgan Mrs Pippa Nash (from 25 February 2026) Mrs Ruth Sheppard (from 18 May 2025) Mrs janice Staniland Mr5 Linda Taft The Rev'd Preb Mark Thoma5 Mrs Charlotte Tremain Mr Richard Young
25 Annual Re PARISHO WITNEY Registsr•J Charty 1129784 2.3 Objectlves and Activities 'rhe main objectives of the Lharity are: promotlng the whole mission of the church - pastoral. evangelistic, social and ecumenical. The PCC is respnnsible for Luoperating with the mini.stry Team to meet this objective; enabling as many people as possible tu worship at our churches and to become part of our parlsh community. The PCC maintains an overview of actlvities throughout the parish and makes suggestions on how we can involve the many groups that live within our parish., and putting faith into practice in our serviLe% and wDrship thruugh prayer and scripture, music and saLramenL When planning our actlvities fi)r the year, the incumbent and the PCC have Lonsidered the Charity Commission's uidance un public benefit and the specifiL guidance on charities for the advanLement of rL,111on. In particular. we aim t() enable ordlnary people to live nut their faith a5 part of our parish community thruugh.. Worship and prayer,. learning about the G()%pel,' and development of their knowledge and irust in jesu.s Christ as both Saviour and Lord. There is also provisiott of pa5tor(Il Lare lor people living in the parlsh. In particular, (jur aims for 2025 were.. to Lontlnue to Limbed our vision that we are called to be a c¢immunity Df mLirLy and kindne55, and to progress supporting strategies which will enable ihe realiY.alion nf this vision,. to encourage spirilual growth for all tho.se in the varlous cnmmunities we serve, through the creative use of technoloBY, and other channels ufLommunication', to ¢(Trnlinue to encourage regular pattern uf dally prayer through the Daily Oflice and other .spiritual di.£Liplines; to sustain the appreciation ofour Eucharistic ministry fur all who Wnfahip with us,. and to welcome and supporl our nL'w Team Rector, Rev Dr Hester lones, as she familiari5ed herself with the many aspects oFthe Pari&h of Wilney. b) To facilitate this w(Trrk it is important that we maintain the fabric of our four church buildings. In particular, our aims for 2025 were.. T() complete Quinquennial inspections for St lohn's Halley. and St Mary's,. TD develop and impletnent plans for priority projects for the renewal of the fabric ofst Mary5', To complete the repair of the roof at Holy Trinity,. and to continue our programme of maintenance of all the churches as outlined in the TllQSt recent quinquennial Inspections.
2025 Ann l R ortan counts PARISHO WITNEY RèJL8l&roO cnarfly 1129784 2.4 Achievements and Perforniance The vi%ion of the Parish continues to be that we should be a community of mercy and kindness. Our strategy is summarised In the diagram below.. Qldei Sw14', LT LliTruw. Growing Deeper In Gnd ehlldrcty Youlh Quiroii Ch C.4TL l*FiirL' In January 2025, we were delighted to welcome Rev Dr Hester lones a5 our new Team Rector. We have greatly valued her exceptional work ethic, considered approaLh and compassionate active Ilstening a.s she has engaged wlth not only the many and varled activities across the Parish but has also taken time to support so many Individuals. At a summer awayday, the Minlstry Team was asked to reflect on our vlslon and strategy as outlined above. Although we agreed it was stlll appropriate. a number of actlnns came out of that meeting to give certain priority areas greater focus, AS such, the struLture of our weekly Ministry team meetln¥5 have evolved, to allow fur one se.sslon per month to be dedlcated to the following '. Outreach and Youth Ministry (inLludlng schools) Wor5hlp, Liturgy and lunior Church Pastoral Care and Support of Older people Strategy review This approach, while Still in its relative infancy, has enabled more substantlve discussion5 to take place and has also had the benefit of widening thuse involved In each area beyond the membership of the leadership team. Separate focus group5 are elther in place or are being formed to lead on other prlorlty areas, e.g. the Benefice Environment group. Creater ijetail uf the cantlnued wide ranging work of the Benefice, both in nurturing our worshippin¥ Lommunities and in playing an active and valued role in the life oFour town can be found in our Annual Review. We remain hugely grateful for the commitment and care of our two 5tipendiary priests, Rev Dr Hester lones and Rev Dr Chris Dingwall.lones, as they beek to evolve and strengthen our ministrles, as well as to the wider Ministry Team and the large number ofvolunteers who contribute in so many ways.
025 Ann cc ts PARISHO WITNEY Registered ChaAly 1129784 2.5 Flnanclal Revlew The total incotne fur the year end 31 DeLember 2025 was £297.134 and total expenditure amounted to £296.170. The unrestrlLted income for the Parish was £249,737 while core operating costS' totalled £248,947, resulting in an operating surplus of £790. This outcome reflects the continued extraordinary generosity uf uur Longregations who responded to a further appeal in 2025 for funds to support the operating costs of the Parish. to the tune of nearly £22,465 (nel of Gift Aidl. In addition, the Parish was able to host a nutnber of majL)r festival.s and Lvcnts through the yL'ar in support of Parish Funds which raised just over £28,000. As a result, the Parish was able to cover ILS uperating Lusts in full including 100% payment of our allocated Parish Share. Although our Parish Share allocdtion is sub%tantial, it allows us tn be enj(iy the 5ervlees of twn full time stipendiary ministers, supported al times by a curate. This level of ordainL.d leader.ship resource is e.8%ential lo c()ntinuL' and grow the wise variety of ministries offered by the Parish not only to its congregation.s but impurlantly to the wider Witney community. Our unrestricted expenditure reduLed by 5Vo over 2024. This pleasing re.sult was achleved thriiugTh reductlnn in costs in a larxcs niimber of areas. After the sigynificant jump in L¥nergy co%ts' in recent year5, nur heating and lighting costs reduced by £4,518 over 2024. as a result of a renegotiatL,d lariff and much tik?hter Lonlrul over energy usage In nur churches, With the compl¥tion of the majority of the work% on the Holy Trinity roof, hiith restricted inc()me and expendlture were 5iRniflcanily lower than In 2024. Our full tlme paid youth worker. Laverne Williams ended her 4 year fixed term contract in Augusl, leading lo a further reduction In both restricted income and expendilure going forward. An altgrnative approach tu youth work bnth in church and in those schools which we serve has been implemented, with early slgns nf greal SULLe55. Wlthoul the financial burden of having to Slippvri a full time paid employee (a differenL remuneration model has been put in place flir the twn individual.s now leading this w(Irk). The Parish wa5 able tf) continue to support both thvse Sn our local CQTnmunity In financial need, which has beon hugely apprecialed given the on going co.st nf living crisis. A iotal of nearly £2,000 wa.s distributeij via fo()d vouchers from thi5 source. The nutnbers of Asylum seekers housed in the hi)tel in Witney has continued In fall uver the past year, and the hotel 15 scheduled to Ll(Ise In ihe Spring of 2026. Th£5 monie% left in the Asylum fund have heen increasingly used (in conjunctlun with Witney Ecclesiastical, a charity supported by all the Witney churches) to help those friends wh() are SULcessful in their applications to remain in the UK to buy essential items for their more permanent accommodativn. r)onations totalllng £ 1.850 were made from this fund last year. We expcct the fund to cluse in 2026. Finally, the Parish made donations totalling £2,735 to external charities in the year. Note. a numher of the restricted 'Charitable Giving, fund5 are showing an end of year deficit. This uften arises as a timing15sue hetween the receipt olfunds and the expenditure, especially over Lhe christma.s period and henLe the end of the Parish financial year. The respeLtive PCC/DCC5 will be asked to monilnr the.se deficits, and if not corrected via the expected inflow of fund5. to cover any mure'slructural, deficit from a tran.sfer from their general funds.
025 Annual R ndAc PARISHO WITNEY Raglsler9¢ Chadty 1129784 2.6 Resee$ Pollcy The trustees have examlned the charity's requirements for reserves taking account uf the main risks tD the organisation. In 2018, the trustees reviewed these requirements and adopted a new Funds and ReservLS Policy. This requires that the PCC maintains an average of E7,000 over the year, to meet unexpected changes in cashflow, while each DCC (Hailey, Huly Trinity and St Mary's) maintains an average ol E5,000, to Luver minor maintenance issues. The poliLy assumes that unexpected major maintenance/repairs would be COVL'red by emergenLy appea15 to the respective congreLJatlons. TherLfore. in order to meet the agreed fundin8 policy for the year ended 31 December 2025, the trustees con.sider Ihat the amount required in reserves should be approximaiely £22,000. The level of xeneral reserves as uf 31 DeLLmber 2025 amounted to £52,449 significantly in excL'ss of the figure rLquired by (iur agreed poliLy. 2.7 Flnancial Rlsk Assessment The major financial ri.sks to the Charity are consldLired to be the following.. l. Reduction in planned givlnk? as a result of withdrawal of support from exlsting regular givers, putentially driven by on-going LO.St uf living pre5.sures. Alth(iugh it remains possible that we will Luntlnue to have lo hold an appeal for lunds lo cvver our i)perating costs in 2026, we have launched a stewardship Campaign in March 2026 with a tarset uf increased giving from both reRular danors, those nn the electoral roll who are not yet regular donors and alsu the many whi) attend services less frequently. 2. Reductlon in unplanned siving and InLomL from festivals and other majur events held in our churches, due lo poor weather. 3. Operating Cost inllatlun. as a result of increased UK inflation. 4. Majnr projeLt expendilure incrLa51n¥ during the execuliun phase uf a project [e.g. mid-way thriiugh a building project, fjl&TnifiLant C05t escalation from a supplier). MltlgaLed by the implementatinn uf more rigorous supplier and contract management prnLe55es for major projects, and the creation and proactive manag¥ment of funding contingency throughout the project'.4 lifecyLIe. S, Unexpected and unbudgeted expendlture, most likely related to the need for emergency repair5 and restoration to one of our historic buildings, ur as a result nf recnmmendations from recent Quinquennlal reparls (Both Halley and Si Mary's were subject to Quinquennial in.spectlOlls in 2025, with the repor15 nnw received). In particular, the St Mary's report highlights the need for sustained regular maintenance programme mo.stly relating restoration of ma.£unry. as well as the development of a plan to replace the 30 year old boiler with heat sources in line with the Church's policy re Net Zero. 'I'he PCC and relevant DCC. will retain oversight olany on-golng plans to respond to the recommendations in these reports, but It is planned to form focused working groups to both develop cohesive packets of work and progre5.5 the necessary external funding applications.
2025 Annual Re ort and Acc unt PARISHO WITNEY R&aisiered Charfiy 1129784 Z.B Strurture, Governance and Management The Parish of Witney Parochial Church Council [PCC) 1.% registered as a charity with the Charily Cotnmisslon. The Trustees of the parish are the PCC, which has the responsibilily of cooperating with the incumbeni, In promoting the whole work of the Church in the ecLlesiastical parish. The PCC is governed by two pieces of Church of England legislation, called Measures. I'hese are the Parochial Church Council (Powers) mea.sure 1956 and the Church Representation Rules (contained in SLhedule 3 to the Synodical Government Measure 1969, as amendLd], OvLirall responsibility for day-tii-ddy managemont remains with thL' incumbent, worklng In Llose collaboration with the mini.stry Team and the Standing Committee. I'he charity duvs not have paid employees with managetnent respunsihility. 2.9 Appointment of Trustees The trustees keep the compi).%iti(In of the PCC under review and will .seek to cD-upl additional memb¥r% with appropriate skills and expertisii shuuld the need arise. Interested parties are given details of the background of the charity in order to make them dWdfL' (If Lurrent activities. Licensed memhers uf thL, Ministry team dfLi ex olfiLIO trustees. Churchwardens are elected at the Annual Parishioners Church Meeting. All other trustees are elected at the Annual Parnchial Church Meeting in accordance wlth the Benefice CRR Scheme. Approved by the tru.stees on and signed on its behalf by.. The Rev'd Dr Hester lones, Rectur St Mary the Virgin Church GreL'n Witney OX28 4AW
2025 Annu ort ndA ts PARISHc* WITNEY R8gi5tered Charity 1129784 INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OFTHE PARISH OF WITNEY I report to the Parnchial Church Council on the financial statements of I'he Parish of Witney for the year ended 31 December 2025, which are set out on page.s 10 to 20. Responslblllties and basis of report As thL' Lharity'.8 tru5teL's, you are respon.sible for the preparation of the accounts in accordance with the requiremenls uf the Charities Act 2011 ['the Act,). I report in respect of my examination of the Trust's aLLL)unt% Larried out under section 145 of thL 2011 Act and in Larrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14S(51 [b) nf the Act. Independent examlner's statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualilied member of the Institute of Chartered Accountants in F.nEldnd and Wale5. I have completed my c'xamination. l Lonfirm thal nil materlal matters have come to my attentiun In connL'Ction wlth the examlnalion giving me cause to believLi thal in any materlal respect, the acc<iunling records were not kept in accordance with sectiDn 130 of the Charities Act; ur the acLounts did not aLcord with the acLounting records; or the accaunls did not comply with the applicable requirements concernSnK the lorrn and content of acLounts Set out in the Charities [Accnunt5 and Repurt.s) Regulations 2008 other than any requirement that the accounts IVL a 'truL5 and fair, view which Is not a matter considered ds part of an independent examination. I have nu concerns and have Lome across no other matters in connection with the examination to which attention should be drawn in this report in ordLDr to enahle a proper understanding of the aLLvunts to be reached. L Adkin5 Bsc (Hons) BFP FCA Whltley Stimpson Limited Chartered Accountants 13-15 High Street Witney Oxford.shire OX28 6HW Date:
ual Re d Accounts PARISHO WITNEY Regl8iered Chgrfly 1129T84 Wltneyparlsh Group statemenl of Flnancial Actlvltles As 81 3V1212W25 As at 3111212fr24 GENERALAND UNRESTRICTED IN(DME Don3tions and iegatles IncomE from charltable dClIlieS Investments Olher Income Other traaln activiiies Total General and Unrestrlcted Income 196,141 19,748 213,523 ia846 569 33,279 RESTRICTED INCIJMÈ OonBtlons aThd 16gacle$ Investments Other tradln Totol Restrlcted In¢ome 41.457 70 5.870 104,788 i29¢ Toiolln¢•mo G&NERALAN D UNREsTRID EXPENOITURE Expen¢iiure on ch8ritablg actlvllles Other empendllure lund5 Total Geneiai and Unre¥trlcted ex 242,349 3.199 14,312 282.117 6.116 248,947 endlture D¢slgnated Expondiiur• enolUre on charitable acVItIeS Total D&sl nated Ex endllurfj 18,D REST AicfED EXPENDITUFIE All mission gin6 and thoriiable giants & donatlon$ EKpendlture on charitable aciivlties Oihor ex enciilure YotHI Re$trithed •x 21,7CKI 11,314 14,209 47,223 8,305 •ndlture Toial •x endllu 2¥170 411,821 GENELAN0 DEYGNATED FUNDSblT rplus I IDeficlti Transfers in rransfe15 Out Galns and 1055es General and Unre5trfcted lundg clf 51.&fj9 790 46.531 S.128 REsfRicfEO FUNDS DII Surplus I IDeflclti Transfers in Transfers out Gains and Ios5PS Restrlcted tunds clt 174 1&.2101 Toiafvnds er flnanclai return 081 95.117 10
2025 Annual Re or dAcc ts PARISHO WITNEY Regist8red Charity 1129784 Wltney Parlsh Group Fund Movement by T Asat 31112124 Incomlng funds Outgolng Funds Transfers 3Y12125 General fund 51,&59 249,TJ7 24947 PCC RestrlctedFunds Asylum Fund Hardship Fund Frlends ol rbridge restricted Pioneer Outreach Youth Worker P( pRestriCted Fund P(Z(JaritableGivin Total PCCRestrlcted Funds 2,974 754 149 1,850 1,971 2,192 1,026 1,819 2.243 1,670 10,429 210 16261 14.991 16, 22,954 4,441 210 18011 529 27,304 21,197 Holy Trlnlty Rest/Des Funds HT Appeals lor major renovations HT Roof Appeal Designated HT Charltsble Glvin Total Hol frlnlt Rest/Des Funds 5,395 10,070 5,329 10.136 745 10,815 1,856 7,185 1,015 4491 St John Hilley Retyictsd Funds Sl John Halley Rest Funds Sl John Halley Churchyard Si trjhn Halley Charitable GiiirrfJ St John Halle eal Fund 2,604 7.OC(I 313 4291 7.000 14081 $196 255 350 350 Stma 'sA ealFund 4130 IS214 St Mary's Restrlcted Funds StMarVs 0¢rand Muslc Fund Stmar 's Charlta ble Givin Total St Ma 's Funds 318 916 318 1,214 Total Restrlcted Funds 44458 47.397 47,223 Total Desl nated Funds Total Fund5 95,117 296,170 96.081
nu d Acco nts ÈPARISHC WITNEY R8gislwed Chorty 1129784 Witneyparish Group Balance Sheet A5 at 3111212025 A5 at 3111212024 Flxed assets Tan Ible assets Total Flxed assets Current assets Cash aibankand in hand Debtors Total Current •ssets 102,447 3,953 106,400 115,724 13,300 9,024 Llabllltles Creditors.. Amounts fallin Total Llabllltles dueinone ear 16,312 16,312 41,892 41,892 Net Assets 96,081 91117 Reserves Excess I (Deficit) Reserves 131,0821 126,199 95,117 95.117 081 TotalReserve$ Represented by Unrestrlcte(J Designated Aestricted No Endowment funds Total 52.449 51,659 43,632 43,458 96,081 95,117 Approved by the Parochial Church Council on and Signed on it.s behalf by.. The Rev'd Dr Hester lones, Rector (PCC Chairmanj Mr leremy Lasman [PCC Treasurer) 12
02S Annual Re ort nd Acco PARISHts WITNEY Rggkslered Charty 1129T84 NOTES TO THE ACCOUNTS for the year ended 31 December 2025 l. Accounting Pollcies The princlpal accounting policies adopted, judgments and key sources of estimation uncertainty In the preparatlon of the flnancial statetnents are as I'ollows.. a) Basis of Preparalion The FinanLial Statement.% have been prepared in accordance with the Statement uf Recommended PraLtILe'. Accounting and Rep(irtlng by Charities preparin8 iheir dLcounts in accordance with the Financial RL'porting Standard applicable in the IIK and Republic ol Ireland IFRS 102) IssuLd on 2 October 2019 and thL. Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland [FIIS 102) and the Charities Act 2011. ThL, financial statements are prepared in sterllng, which is the functSonal currency ofthe charity. Monetary amounts these financial statements are rounded tu ihe neare.st pound. The flnancial statements have been prepared under the historical co.%t Lonvention. The prlncSpal aLcounting poIiLies adopted are set out below. b) Public Benefit Entily The Parish of Witney meets the definitl(In of a public benefit entity under FRS 102. c) Cioing Concern The Trustees cunsider th(Il there are no material uncertainties about the Charlty'.s ability tu continue as a going Loncern. d) Income Recognitiun Policies Voluntary income and capital source.s.. Planned giving under Gift Aid is recognisL,d only when given. Income tax recoverable on Gift Aid donations is recognised when the donation is received. Collections and sundry donations are recognised when they are recelved. Grants and legacies to the PCC ari¥ accounted for as soon as the PCC i.s notified of its legal entitlement, Ihe amounr due is quantifiable and its ultimate receipt by the PCC is reasonably certaSn. Activities fur generating fund5'. Proceed.$ from the sale5 Of books and magazines from the Lhurch bvokstall and from lundraising events are accounted for gross. Rental from the letting Df church premises is recognised when the rental is due. Investment income.. Interest entitlement5 are accounted for a.% they accrue. Not currently applicable but, dividends will be accounted for when due and payable. Gains and1055es on investmenls (not currently applicable]'. Realised gains or losses will be recognised when the inve51ments are finally sold. Unrealised gains or losses will be accounted for on revaluation OF investments at 31 Decetnber each year.
2025 Annual Re ort PARISHO WITNEY R8gislered Cbadty 1129784 e) Fund AcLountin The trustees are satisfied that the chdrity's asset5 are available and adequate to fulfil its obllgations. It has been policy ta invest surplus funds with the CBF Church of F.ngland Investment Fund, but given the minimal interest rates on deposits, it has been our practice to invest any surplus in the BusinLSS ReservL Account held with Barclays Bank. Ixpenditure and Irrecoverable VAT Charitable activities.. Grants and donations are accounted for when pald over, or when awarded if that award creates a hinding obllgation ()n the PCC. The DioLe%an quota and Parish Share 15 accounled for when payable. Any qui)ta unpaid at 31 December is providL.d for in these acLounts as an operati(Inal (Ihough not a lexal) liability and 15 shawn as a credit(Ir in the Balance shLiet. g] Cash and Cash equivalL'nts Cash and cash equivalents include cash in hand and dep(Isit5 al call with banks. h) Tangible fixed assets Tangible flxed a55ets are initially measured al cost and subsequently mLiasured at C05L or valuation. net of depreLialion and any impairment lusses. Depreciation Ss reLC)glli5ed 50 as til write off the cost or valuation of assets les.s their re%idual value% <)ver their useful lives on the folluwing base%'. Plant and Machinery- 25¥0 reducing balanLe Fixtures and Flttlngs- IO% reduclng balance l) Financial in.4truments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 'Other Financial Snstruments155ues' of FRS 102 to all ol its finanLial instruments. Financial instruments arL' recugnised in the charity's balance sheLIt when the charity becomes party to the conlractual provisions of the instrument. FlnanLial asset% and liabilities are offfet, with the nel amounts presented in the financial statements, when there 1% a legally enforceable right to set off the recognised amount.s and there is an intentlon to settle on a net basi5 or to realisL4 the asset and.settle the liability 5imultaneuusly. Basic financial assets, which include accrued incume and cash and bank balance5, are initially measured at transaction price including tran5aLtion costs and arg Subsequently carried at amortised cost using the effective interest tnethDd unless the arrangement conslitutes a financing transaction, where the traThsaclion 15 measured at the present value of the Futurv receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 14
025 Annual Re ort and Accounts PARISHO WITNEY Rogistor0d Chanty 1129784 Basic financial liabilities, Including creditors. are initially recognised at transaction price unless the arrangement constitutes a financing Iransaetion. where the debt inslrument is measured at the present value of Lhe futurL paymenis discounted at a tnarket rate of interest. Financial liabilities classified as payable within one year are not amorti%ed. 2. Flxed assets Wllney Parlsh Group DepCIatIon summary loi the year 2025 Plant and Machlnery 25% Flxtures and Flltlngs io% Tolal Cost Brought forward Additionsloisposals Total 5.679 29,520 35,193 29,520 Depreclatlon 8roughl loiward For the year 2025 Cumulatlve total 5,651 21,563 1,989 23,552 27,214 1,992 4654 Net Asset Value 3111212025 25 3. Debtors Debtors 2025 2024 Accrued income Total £3,953 £3,953 £13,300 £U,3Q) Delayed receipt of December Gift Aid reclaim from HMRC, received in January 2026 - £969. Delayed receipt of 2025 Beer festival contributivn from Witney Round Table. received in january 2026 - £2,984. 4. Creditors Creditors Deferred InLome Accruals Total 2025 £1.512 £14.800 £16 312 2024 El,512 £40.380 £41.892 Deferred income relates to wedding deposits received in the year for weddings that will be held in future years. All of the deferred income brought forward frotn 2024 is included in the 2025 clo.sing balance. 15
2025 Annual Re ort PARISHC WITNEY R8gist8wJ Chadly 1129T64 5. Legal Status ofthe Charity The Parochial Church Council of The Parish of Witney is a rLgi5tered charity and was formed under a Deed of Trust dated 21 May 2009. 6. Staff costs During 2025 the Parish ofwitney employed two salaried employees: Michellt Bailey-wellfj a% Parish AdminSstrator and Gift Aid Secretary. salary costs funded throu%h the PCC. account (unre5trlcted} totalling £13,704 xrnss, Laverne Williams, Schools Chaplaln and Youth Worker, %alary costs funded from the Youth Worker restricted frund, totalling £21,700 gro.ss. taverne's 4 year fixed term contraLt ended in August 2025, dnd she left the Parish, Reimbursements tutallinx £3,585 (2024., £8,687] were paid to the LILirgy to cover their administrallve and Iravelling expenses. This significant reduction reflect5, in part the genero.%ity (if some members ol Lhe Ministry Teatn LhuDsing ti) fund such expen%es themselves. Therts were other disclosable transactions rispect of the members of the Witney PCC or person.8 Llu.8ely related to thL5m or ()thLir related parties. There were no employLies who received emplnyee benefits of more than £60,000. Trustees do not receive any remuneration or other benefits. 7. Connected Charltles The following Charities are Lunnecled charitie.s nf the Parish of Wilney.. St Mary's Preservaiion I'rust [Charity number 2845761 'I'he Friends of Halley Church (Charity number 293821) The Friend5 of St john the Baptist Church. Curbridge (registered as a Lharlty wilh HMRC, relerence XT32258] The transaetion.s nf these charities are not included in these accounts. 8. Restricted and Deslgnated Funds The purposes for material funds held are.. lumF Funds donated to provide financial support to the 200* Asylum seekers who were moved into the Oxfurd Wilney hotel in November 2022. Now focused on helping with the c05t5 of transitioning from the hotel into more permanent accommodation (whether or not in Witney). 16
2025 Annual Re ortandA ounts PARISHO WITNEY Regislergd Charlty 1129784 Shi unds (normally in thL. form af Sainsbury's vouchers) to allow us to help thu5e in our local community in tnost need. pc Fund.s donated to cover the salary and associated expenditure of thL¥ Witney Parish Schools c.haplain and Ynuth Worker. This will continue beyond 2025 as a vehiLle to provide funding f(Jr thL' alternative apprnach that ha5 heen put in place to progre5S this important ministry. I,und.s USL,d for the upkeep of the church and maintenance of the churchyard. Funds dr)nated to endble major repairs tv the roof of Holy Trinity to be carrled out Transfer uf funds frnm the GenLiral Fund to a Desixnated Fund in support of the maji)r renovations to bL' carried out in Holy Trinlty church (as above). Funds donated to enable majnr renovations to the fabriL and facilities oFSt M(Iry's to he Larrled out. unds given ¢0 enable thL' purchase of required musical scores, hymri buoks a& well as robe5 in support uf all the activities of the choir. both a5 part of servltes and also concerts and events. Although not material in the context of either the General Funds or the total Restricted Funds held by the charity, a number of Charitable Givlng rL'stricted funds have been created for the Parochial Church Council and for each of the three District Church Counclls to ensure the correct accounting for monies raised by the charity on behalf of other charities. As stated, a legacy of £7,000 was reLelved in 2024 to enable the upkeep of the churchyard at Stlohn's Church Halley. Fund.s originally donated to fund the repairs and restnration of the church floor. Donor5 are being cuntacted to seek approval for the residual funds to be usod In support ofthe maintenance needs arising from the QI inspection. 17
2025 Ann alR ort and Account PARISHO WITNEY R¥Jisiered Charity 1129784 9. Income and expenditure analysls fortheyear ended 31 December 2025 Wltney Parlsh Group Income and Expendlture As at 3V1212025 As 8t 3111212024 GENERALAND UNRESTRICTED INCONE 0101 Giftaid- bank 0201 Other pla nned glviftg 0301 Loose pla le colleciions 0550 Donations appeals & reg Gift day5 elc OEQI Tax recoverable on gift aid 0701 Legacies 0801 Recurrl ng grant5 0&41 Non-recurring one-off Erants 0901 Other funds generated 0902 Income from relreshmenls 0910 Fundraising events own lund5 0915 gJbscrl ptions income 200 club 0917 Income from sale of goods 1020 Ba nka a nd dep0511 account i nterest 1101 Fees lor weddings and funerals 1105 Fees lor use of church organ 1240 Church lettl ngs - fund raising 1310 Insuranceclaims Prior aradjustmenl Total General and Unre$trlcted Income 107,225 5,514 16,482 33,052 31,815 102,382 6,170 16,836 34,738 34,932 13.300 450 450 1,108 io 28,130 1,706 31,069 81 73 18,846 19,188 567 35 267,245 249,737 RESTRICTED INCX)ME 0101 Giftaid- bank 0301 Loose plate collectSons 0550 Donations a ppeals etc 01 Tax recoverable on gift aid 0701 Lega Ele5 0801 Recurring grants 08AI Non-recurring one-off grants 0910 Fundraising events own funds 0912 Fundra ising lor other charities 1020 Ba n k and deposit account interest Total Restricted Income 720 107 10,572 1,051 260 25,375 433 7,000 15,000 56.000 5,677 2,806 23 14294 12,667 16.261 1,509 70 47,397 Total Income 18
5 Annu ort d Acco PARISHO WITNEY Regisler Charity 1129784 WltneyParish Group Income and Expenditure As at 3111212025 As at 3111212024 GENEF14LAND UNRESTRICTEO EXPENDITURE 1730 Q)5ts of fetes & other events 1732 Q)st of goods purchased for resale 1801 Givlng to missionary societies 18W Givlng- relief and development agencies I0 Homemlssion 1852 Mlnlslry fees + subscripllons 191D Parish share 20JI Orga nists staff 2005 Other organlsls 2050 Sala ry of parish adminlstrator 2101 Qergy expense5 2201 Parish training 23Jl Church running- i nsurance 2305 OffSce costs 2310 Urch office - telephone 2320 Orga n I pia no tuning 2330 Urch ma i ntenance 2331 Qeaning 2340 Upkeep ot servlces 2342 Upkeep ol services flowers 2350 Upkeep of churchyarit 2360 Admi nislration 2362 *sIa re & IT equipment 2365 Caiering costs 2401 Funeral expenses 2402 Wedding expenses 2403 Odbf fees 2420 rch running- water & waste disposal 2440 thurch running- heating and lighting 2450 Depreciation charge 2601 Governance costs examinalionlaudit fee 2701 thurch major repairs- structure 2710 (Jurch major repairs - installation 2852 Architect5 & other role55ional lees Total General and Unreslrlctel e¥pendlture 19 5,002 1,114 Ic 29) 1,541 3,395 117,256 8,975 31S 13,704 1585 3,249 113.500 9,180 625 13,572 8,697 50 17,899 4,509 3,831 18,503 4.&97 1,039 1,123 12,235 4,610 &213 6,319 3.620 3,294 519 3,024 3,474 1,789 223 3.011 1.020 4,357 2,186 27,659 1, 175 3,621 1,521 103 4,gJl 2,202 23,141 2,820 2,161 3,020 3.199 262,117 248.947
Ann PARISHO WITNEY Regisl8r8d Charity 1129764 Witney Parish Group Income and Expendlture As at 3U1212025 As at 3111212024 Designaied Expenditure 2701 Church ma orre airs structure 18,000 REStRicfED EXPEN DITURE 1830 Giving- relief an(J Ljevelopmeni agencles 1850 Homemlsslon 1870 Givlng to secural charllles 2051 Youth worker salary and related expendil 2201 Parish Irainlng 2320 Organ and pianotuning 2330 Chufch maintenance 2101 aergy expenses 2340 Upkeep of services 2350 Upkeep of churchya rcl 23PJJ Administration 2 9)fare & IT equipmeni 2701 Church major repalrs - structure 2852 Archltecls & other piolesslonal fees Total Restrlcted ex endltuve 2,451 5.000 2.S79 7,323 1,164 32,550 750 122 125 21,7CQ &58 319 75 145 160 60 78,146 8,305 13L504 102 14,2( 47,223 Total Expendlture 296,170 411,621 Wltney Par15h Group Summary SuipluslDetlclt Generallunrestircted Designated Restricted Total Surplusl As at 3U1212025 As al 3111212024 5,128 118,0001 118,2101 131,0821 174 Def Icltl -20-