Cowley St John Parochial Church Council
Unaudited Accounts
for the year ended 31 December 2025
Oxford
Cowley St John Parochial Church Council
Trustees’ Annual Report for the year ended 31 December 20 25
The Parochial Church Council (PCC) of Cowley St John presents its annual report for the year ended 31 December 2025.
Reference and Administrative Information
The incumbent is Reverend Martha Grace Weatherill.
Address: The Vicarage 271 Cowley Road Oxford OX4 2AJ
The PCC is registered as a Charity with the Charity Commission, number 1130349
Bankers: Cooperative Bank 1 Balloon Street Manchester M4 4BE Independent Examiner: Mrs Jane Bull FCA Wenn Townsend Chartered Accountant 30 St Giles Oxford, OX1 3LE
The Parish is part of Cowley Deanery, which is part of the Diocese of Oxford.
The PCC is responsible for the Parish Church of St Mary and St John (SMJ) including the churchyard and hall, St Alban’s (SA) church and hall, the Chapel of St Bartholomew (Bartlemas ), one property (for clergy housing and investment purposes) and various restricted funds.
Members of the PCC are either ex-officio or elected annually by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The ministers licensed to the Parish and churchwardens are members by virtue of their office. Deanery Synod representatives are elected at the APCM and hold office for three years. Other members of the PCC are elected at the APCM. Due to a reshuffle, we instituted a 1-year term in 2025 but in the past, have instituted 3-year terms of office, so that each year a third of the members stand down and elections are held for those places. Up to two additional members can be co-opted by the PCC.
The members of the PCC, for the year 2025, are as follows:
| Martha Weatherill | Ex officio | Vicar |
|---|---|---|
| David Gimson | Ex officio | Curate |
| Matthew Schrecker | Ex officio | Curate from July 2025 |
| Rodney Burr | Ex officio | Churchwarden from November 2025 |
| Chloe Robinson | Ex officio | Churchwarden |
| Jacqueline Norton | Elected | Deputy Churchwarden from November 2025 |
| Richard Dunkerley | Elected | Treasurer |
| Karen Metcalfe | Elected | |
| Clara Ramsay | Elected | |
| Alison Shapton | Elected |
Page 1
Cowley St John Parochial Church Council Trustees’ Annual Report for the year ended 31 December 2025
Electoral Roll
The Electoral Roll was completely revised in 2024 according to the Church of England’s rules. There are 67 people enrolled (66 in 2024).
Structure, Governance and Management
The PCC is a corporate body formed under the Parochial Church Council (Powers) Measure 1956.
The PCC makes all decisions corporately, except that the Standing Committee has delegated powers to make decisions between PCC meetings, subject to keeping the PCC fully informed as necessary.
The PCC is responsible for all parish finance, its management and control, including the appointment of the treasurers. Members of the PCC are responsible for keeping accounting records, which with reasonable accuracy enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the Statement of Recommended Practice ‘Accounting for Charities’ 2005. The PCC is also responsible for safeguarding all the Parish a ssets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also responsible (delegated to the Parish Treasurer) for ensuring that the financial statements are examined by an independent examiner prior to presentation to the Annual Parochial Church Meeting, and for ensuring that the charity has appropriate systems of control (both financial and otherwise).
In preparing the financial statements, the PCC is required to:
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Select suitable accounting policies and then apply them consistently
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Make judgements and estimates that are reasonable and prudent
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Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will remain in operation
Committees
The PCC operates through a number of committees, which meet between full meetings of the PCC:
– Standing Committee Consisting of the Vicar, Churchwardens, Parish Treasurer and other members of the PCC as elected by the PCC. They have power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate.
Finance Committee – Including the Parish Treasurer, the Vicar, and other PCC members as appointed, to ensure adequate skills and representation from both churches. They are responsible for the production of reports, forecasts, and budgets for current and forthcoming years.
St Albans Committee – Responsible for matters relating to Church Mission, worship, work with children and young people, finance and church fabric for their respective churches and halls, working together as partners to meet the needs of the Parish.
Page 2
Cowley St John Parochial Church Council
Trustees’ Annual Report for the year ended 31 December 2025
Structure, Governance and Management (continued)
Ordained and Licensed Ministry in the Parish
During 2025 the Parish Ministry Team consisted of
(1) The Vicar; The curates, Revd David Gimson and Revd Matthew Schrecker (from July 2025).
– (2) Sabina Alkire, Susannah Reide, and Rob Gilbert are all associate priests none licensed to the parish.
(3) Pam Daniel is a retired priest with permission to officiate.
(4) Graham Jones the Licensed Lay Minister.
The ministry of this team is complemented by the involvement of a number of other ordained and lay parishioners.
Risk Management
The PCC keeps all aspects of parish life under regular review and is satisfied that there are currently no significant risks facing the church. Appropriate governance, financial oversight, and fabric maintenance processes remain in place to ensure continued stability and good stewardship.
Objectives and Activities
- The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure (1956) as “to co operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.”
At Cowley St John Parish, we are called to offer worship that is worthy of the living God. Together, in prayer and worship, we seek to grow in our understanding of God, allowing His love and purpose to shape our lives. Rooted in tradition yet open to the m ovement of the Holy Spirit, we long to be a community that reflects God’s grace, mercy, and justice.
— In partnership with fellow Christians, we embrace a vision that extends beyond our walls thinking globally, acting locally, and striving to bring the light of Christ into our neighbourhoods and the world. Through service, hospitality, and a deep commitment to Word and Sacrament, we dedicate ourselves to the work of God’s Kingdom, sharing His love in all we do.
The parish relies on voluntary work in every aspect of its life and service, and the PCC recognises the incalculable value of this.
The Sunday Eucharists at SMJ and SA are at the heart of our Parish life. These depend on the ministry of a team of people.
The directors of music at SMJ are Lawrence Tao and Alex Tester. At SA, the co-ordinator is Mrs Susanna Gimson. We have a thriving choir and music ministry with several paid music scholars.
The Parish makes provision for children of different ages through “Children’s corner” facilities in both churches, Sunday school for children and several other events such as baby and toddler group etc
A parish safeguarding policy is in place. Our Safeguarding Officer is Ms Miriam Atoro. There are 26 church members that have been fully checked through the Disclosure and Barring Service. In both churches of the parish contact numbers are displayed for whom to approach on a parish or Diocese level if you have concerns.
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Cowley St John Parochial Church Council
Trustees’ Annual Report for the year ended 31 December 2025
Objectives and Activities (continued)
Ss Mary & John’s Primary School : The school has two classes in each year group. Mthr Martha/ Miriam Atoro led weekly assemblies, and we have at least two big Festivals celebrated in church. Mthr Martha also serves as a school governor.
St Frideswide Primary School: Mthr Martha/Miriam Atoro leads regular worship assemblies at St Mary and St John Church and at the school.
Communion at home is offered to the housebound by clergy
St John’s Care Home : Our Licensed Lay Minister, Dr Graham Jones leads worship at the care home every Sunday, supported by clergy. This ministry is deeply valued and appreciated by residents, staff, and families alike.
The Richard Benson Hall has been rented out to Oxford Mutual Aid food bank for the whole year and this situation is likely to continue. They distribute around 1000 food and other necessities packs each month (some referrals are through the church).
Mission and Outreach Initiatives
– Community Outreach and Support Where Everyone is Included
At the heart of our parish life is a commitment to ensuring that everyone feels welcomed, valued, and included. Our outreach extends beyond Sunday worship into practical expressions of care, hospitality, and support for the wider community.
Community lunches, café mornings, pastoral visiting, and informal gatherings provide opportunities for connection and belonging. We continue to support and collaborate with organisations such as The Porch, local schools, care homes, and other community partners, seeking to respond compassionately to need wherever it arises. Our aim is to create spaces — both sacred and social — where people of all ages, backgrounds, and circumstances feel they have a place.
– Churchyard Community and Reflection
Our churchyard continues to serve not only as a place of remembrance but as a shared green space at the heart of the neighbourhood. Social and reflective events are held there throughout the year, with several monthly programmes arranged by church members and the Friends of the Churchyard Committee. These gatherings foster community participation and provide opportunities for quiet reflection, conversation, and inclusion.
Interfaith Relationships
We value and nurture our friendships with the diverse religious communities in this part of the city. Through dialogue, shared presence, and mutual respect, we seek to build understanding and demonstrate that our parish is open-hearted and welcoming.
Community Use of Buildings
Our buildings are widely used by community groups and local organisations, ensuring that they serve the neighbourhood throughout the week. We extend sincere thanks to the parish office staff for overseeing the management and maintenance of the halls and premises during the year. Their work ensures that our facilities remain accessible, safe, and welcoming for all.
Parish Churchyard Care
Maintaining the churchyard as a peaceful and well-kept green space requires considerable practical work throughout the year. We are grateful to the volunteers who give their time and energy to this task, and particularly to the leaders for their coordination and care.
Partnership with Other Christians
Our commitment to mission is strengthened through partnership with other Christian communities. Through the life of the Deanery and especially through East Oxford Churches working together, we share resources, prayer, and outreach. The use of St Alban’s by the Serbian Orthodox Church is a further sign of our shared faith and generous hospitality.
Page 4
Cowley St John Parochial Church Council Trustees’ Annual Report for the year ended 31 December 2025
Reserves Policy
The PCC’s reserves policy aims to hold unrestricted reserves at a level equivalent to three months of regular expenditure, in line with Charity Commission guidance. This level of reserve ensures that the parish can meet its ongoing commitments - including staffing costs, utilities, insurance, and essential operational costs - in the event of unexpected income fluctuations or emergency expenditure.
Our financial planning aims to balance responsible stewardship with the need to remain missionally active. Maintaining three months’ reserves provides a stable foundation while allowing the parish to allocate the remainder of its income towards ministry, community work, maintenance of heritage buildings, and the development of new projects such as the modular homes and church reordering proposals.
Financial Review
The financial position is monitored by the PCC through regular reports from the Treasurer on our financial position.
The overall income of the charity has increased to £321,643 compared with £226,216 last year. Total expenditure increased to £398,052 compared with £200,755 last year. The increase in income derives from a generous legacy from Philip Clayton plus a number of multi-year grants which arrived in the final quarter following a fundraising campaign by the incoming Vicar. We are once again running at a deficit on the unrestricted funds, mainly due to very high repair costs for the church and the turnover costs associated with two of the Magdalen Road flats. In January 2025 a generous grant of £90,000 was awarded from the Diocesan Development Fund to support and expand our ministry and mission for children, young people and families.
The net loss of the charity before investment gains was £72,707 compared to a net gain of £25,462 last year. The net loss on unrestricted funds £82,945 as compared to a loss of £86,924 last year. Included within the 2025 total deficit (before investment gains) of £72,707 is £126,845 of costs expensed on improvements to the church as part of a multi-year reordering strategy. Excluding these costs, the charity would present a surplus before investment gains for £54,138.
At 31[st] December 2025, equivalent to between two and three months of expenditure was held in unrestricted reserves which is broadly in line with the PCC’s reserves policy. The imbalance on unrestricted funds is an issue very common to parishes everywhere but, with Gods help, this is our burden to address.
We are all energised and inspired by all those who have worked hard to promote the mission, the profile and the income of the parish, through outreach events, giving, fund-raising events, and careful stewardship. Especial thanks also to all those who help count and bank the collection and the magnificent efforts of the valued team who manage the Magdalen road flats.
On behalf of the PCC SIGNED SECURELY SIGNED SECURELY rata 20/03/2026 at 4:54:34 PM UTC Weathenutl pctand 20/03/2026 at 4:44:30 PM UTC hunbertey …………………………… ……………………… Martha Grace Weatherill Richard Dunkerley Vicar Treasurer
[2o/ SIGNED SECURELY20/03/2026 at 4:54:34 PM UTC 03/2026 ……………………………… 202 6
Page 5
I ndependent Examiner’s Report to the members of the PCC of Cowley St. John
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which are set out on pages 7 to 19.
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 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
one SIGNED SECURELY31/03/2026 at 9:32:43 AM UTC Bute
Mrs Jane Bull FCA Wenn Townsend 30 St Giles Oxford
[31/03/2026 SIGNED SECURELY31/03/2026 at 9:32:43 AM UTC ………………………………. 2026
Page 6
Cowley St John Parochial Church Council
Statement of Financial Activities for the year ended 31 December 2025
| Note Income Donations, legacies and grants3 Other trading activities 3 Income from investments 3 Total Income Expenditure Cost of raising funds: Investment property 4 management costs Expenditure on charitable activities 4 Total Expenditure Net income/(expenditure) Net gain/(loss) on investments 6 Net income/(expenditure) Transfers between Funds Net income/(expenditure) before other recognised gains/(losses) Net movement in funds Total funds brought forward Total funds carried forward |
General Designated Restricted 2025 funds funds funds Total £ £ £ £ 30,360 128,029 36,349 194,738 2,130 29,620 50 31,800 3,851 91,254 - 95,105 36,341 248,903 36,399 321,643 1,168 22,499 571 24,238 118,118 132,502 119,492 370,112 119,286 155,001 120,063 394,350 (82,945) 93,902 (83,664) (72,707) 15,073 - - 15,073 (67,872) 93,902 (106,911) (57,634) 60,484 (37,237) (23,247) - (7,388) 56,665 (106,911) (57,634) (7,388) 56,665 (106,911) (57,634) 64,761 1,533,508 151,421 1,749,690 57,373 1,590,173 44,510 1,692,056 |
General Designated Restricted 2024 funds funds funds Total £ £ £ £ 57,164 - 42,040 99,204 4,960 29,661 181 34,802 2,998 89,212 - 92,210 65,122 118,873 42,221 226,216 (1,496) 35,518 - 34,802 153,541 10,620 2,572 166,733 152,045 46,138 2,572 200,755 (86,924) 72,735 36,649 25,462 (777) - - (777) (87,701) 72,735 39,649 24,685 72,235 (72,295) 60 - (15,466) 440 39,709 24,685 (15,466) 440 39,709 24,685 80,277 1,533,068 111,710 1,725,005 64,761 1,533,508 151,421 1,749,690 |
|---|---|---|
Page 7
Cowley St John Parochial Church Council
Balance Sheet As at 31 December 2025
| General | Designated | Restricted | Total | General | Designated | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | funds | funds | funds | 2025 | funds | funds | funds | 2024 | |||
| £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Fixed assets | |||||||||||
| Investments | 6 | 15,846 | 1,550,000 | - | 1,565,846 | 773 | 1,550,000 | - | 1,550,773 | ||
| Fixed assets | 7 | 9,056 | 1,534 | 6,279 | 16,869 | 1,485 | - | - | 1,485 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Total fixed assets | 24,902 | 1,551,534 | 6,279 | 1,582,715 | 2,258 | 1,550,000 | - | 1,552,258 | |||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Current assets | |||||||||||
| Debtors | 8 | 18,978 | - | - | 18,978 | 33,679 | - | - | 33,679 | ||
| Cash in hand and at bank | Cash in hand and at bank | 18,282 | 38,639 | 38,231 | 95,152 | 41,920 | (16,492) | 151,421 | 176,849 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Total current assets | 37,260 | 38,639 | 38,231 | 114,130 | 75,599 | (16,492) | 151,421 | 210,528 | |||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Creditors:amounts falling | amounts falling | ||||||||||
| due within one year | 9 | 4,789 | - | - | 4,789 | 13,096 | - | - | 13,096 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Net current assets | 32,471 | 38,639 | 38,231 | 109,341 | 62,503 | (16,492) | 151,421 | 197,432 | |||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Net assets | 57,373 | 1,590,173 | 44,510 | 1,692,056 | 64,761 | 1,533,508 | 151,421 | 1,749,690 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||||
| Funds of the Church | |||||||||||
| Unrestricted funds | |||||||||||
| General fund | 57,373 | - | - | 57,373 | 64,761 | - | - | 64,761 | |||
| Designated fund | 11 | - | 1,590,173 | - | 1,590,173 | - | 1,533,508 | - | 1,533,508 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| 57,373 | 1,590,173 | - | 1,621,859 | 64,761 | 1,533,508 | - | 1,598,269 | ||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Restricted fund | 10 | - | - | 44,510 | 44,510 | - | - | 151,421 | 151,421 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||||
| Total funds of the church Approved by the PCC on |
57,373 1,590,173 44,510 ═══════ ═══════ ═══════ Approved by the PCC on…………………………… 2026 and signed on its behalf by: SIGNED SECURELY 20/03/2026 at 4:54:34 PM UTC bitteWeathentl |
1,692,056 ═══════ |
64,761 ═══════ |
1,533,508 ═══════ |
151,421 ═══════ |
1,749,690 ═══════ |
SIGNED SECURELY SIGNED SECURELY rata 20/03/2026 at 4:54:34 PM UTC Wreathenll pctand 20/03/2026 at 4:44:30 PM UTC hunbertey
…………………………………..
Mthr Martha Weatherill (Vicar)
…………………………………..
Richard Dunkerley (Treasurer)
Page 8
Cowley St John Parochial Church Council
Notes to the Accounts
for the year ended 31 December 2025
1. Basis of preparation
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(a) These financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, applicable accounting standards, 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) issued 11 October 2019, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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(b) The accounts are drawn up under the historical cost convention as modified by the inclusion of investment assets at market value. These accounts 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.
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(c) The PCC total income exceeds £100,000; hence this statement of account is reported on the accruals basis, in line with best practice.
2. Accounting policies
Funds
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(a) General funds are unrestricted funds available for the general objectives of the church.
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(b) Designated funds are unrestricted funds that have been set aside by the Parochial Church Council for particular purposes.
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(c) Restricted funds can only be used for the purposes for which they have been given, within the objectives of the church. The cost of raising and administering such funds are charged against those specific funds.
Income
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(a) All incoming resources are included in the Statement of Financial Activities (SOFA) when the church becomes legally entitled to the income and when the amount can be quantified with reasonable certainty.
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(b) Collections are recognised when received by or on behalf of the Church. Planned giving are recognised only when received. Grants and legacies are recognised as soon as the church becomes aware of its legal entitlement and the amount due is quantifiable with reasonable certainty.
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(c) Fees due to the church for weddings, funerals etc are accounted for when the service or event is held. Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.
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(d) Rental income from letting the church and the hall are accounted for when they are received.
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(e) Dividends and interest are accounted for when received.
Expenditure
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(a) Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services. All costs have been directly attributed to the various categories within the SOFA.
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(b) As the church is not registered for VAT, all expenditure is shown inclusive of VAT.
Page 9
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
2. Accounting policies (continued)
Expenditure (continued)
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(c) Grants and charitable giving are accounted for when paid over or when awarded, if the award creates a binding obligation on the church, provided that there are no conditions to be met relating to the grant which remain in the control of the church.
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(d) Parish Share is accounted for when paid except that any Parish Share unpaid at the end of the financial year is provided for in the accounts as a constructive obligation, and is included in the balance sheet as a liability.
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(e) Share of Parochial Church Council (Trustees) Administration expenses included in this statement, represent 70% of the total annual Trustees’ administration expenses, the remaining 30% is charged to St Alban Church (the other Parish church).
Fixed assets
- (a) Consecrated land and buildings and movable church furnishings are heritage assets and inalienable property. In accordance with accounting standards and Charities SORP 2015, assets acquired in prior periods, which have not been capitalised previously have not been revalued and are therefore not included in these accounts.
Other fixtures and fittings
Equipment used within the church premises is depreciated on a straight-line basis over 5 years.
Page 10
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
3. Analysis of income – 2025
| Analysis of income– 2025 | ||||
|---|---|---|---|---|
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2025 | |
| £ | £ | £ | £ | |
| Donations and legacies | ||||
| Recurring income: | ||||
| Tax-efficient planned giving | ||||
| (excl tax) | 23,948 | - | - | 23,948 |
| Collections of loose cash | ||||
| at services | 3,954 | - | 175 | 4,129 |
| Gift Aid donations | 40 | - | - | 40 |
| Other individual donations | 7,422 | 21,423 | 4,690 | 33,535 |
| Tax recovered | 6,638 | (2,133) | 2,884 | 7,389 |
| Missionary boxes and other | 146 | - | - | 146 |
| Legacies and bequests | (11,788) | - | 13,500 | 1,712 |
| ───── | ───── | ───── | ───── | |
| 30,360 | 19,290 | 21,249 | 70,899 | |
| ───── | ───── | ───── | ───── | |
| Non-recurring income: | ||||
| Grants received | - | 108,739 | 15,100 | 123,839 |
| ───── | ───── | ───── | ───── | |
| 30,360 | 128,029 | 36,349 | 194,738 | |
| ───── | ───── | ───── | ───── | |
| Other trading activities | ||||
| Fees–weddings, funerals etc | 1,304 | 140 | - | 1,444 |
| Church and hall rents | 826 | 29,480 | 50 | 30,356 |
| ───── | ───── | ───── | ───── | |
| 2,130 | 29,620 | 50 | 31,800 | |
| ───── | ───── | ───── | ───── | |
| Income from investments | ||||
| Rental income from 14 | ||||
| Magdalen Road investment | - | 91,254 | - | 91,254 |
| Other interest | 2,225 | - | - | 2,225 |
| Eden Tree Investment | 1,626 | - | - | 1,626 |
| ───── | ───── | ───── | ───── | |
| 3,851 | 91,254 | - | 95,105 | |
| ───── | ───── | ───── | ───── | |
| Total Income | 36,341 | 248,903 | 36,399 | 321,643 |
| ═════ | ═════ | ═════ | ═════ |
Page 11
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
3. Analysis of income – 2024
| Analysis of income– 2024 | ||||
|---|---|---|---|---|
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2024 | |
| £ | £ | £ | £ | |
| Donations and legacies | ||||
| Recurring income: | ||||
| Tax-efficient planned giving | ||||
| (excl tax) | 25,241 | - | - | 25,241 |
| Collections of loose cash | ||||
| at services | 5,022 | - | 142 | 5,164 |
| Gift Aid donations | 312 | - | - | 312 |
| Other individual donations | 4,340 | - | 6,898 | 11,238 |
| Tax recovered | 8,664 | - | - | 8,664 |
| Missionary boxes and other | 85 | - | - | 85 |
| Legacies and bequests | 13,500 | - | - | 13,500 |
| ───── | ───── | ───── | ───── | |
| 57,164 | - | 7,040 | 64,204 | |
| ───── | ───── | ───── | ───── | |
| Non-recurring income: | ||||
| Grants received | - | - | 35,000 | 35,000 |
| ───── | ───── | ───── | ───── | |
| 57,164 | - | 42,040 | 99,204 | |
| ───── | ───── | ───── | ───── | |
| Other trading activities | ||||
| Fees–weddings, funerals etc | 4,960 | 200 | - | 5,160 |
| Church and hall rents | - | 29,461 | 181 | 29,642 |
| ───── | ───── | ───── | ───── | |
| 4,960 | 29,661 | 181 | 34,802 | |
| ───── | ───── | ───── | ───── | |
| Income from investments | ||||
| Rental income from 14 | ||||
| Magdalen Road investment | - | 89,212 | - | 89,212 |
| Other interest | 634 | - | - | 634 |
| Eden Tree Investment | 2,364 | - | - | 2,364 |
| ───── | ───── | ───── | ───── | |
| 2,998 | 89,212 | - | 92,210 | |
| ───── | ───── | ───── | ───── | |
| Total Income | 65,122 | 118,873 | 42,221 | 226,216 |
| ═════ | ═════ | ═════ | ═════ |
Page 12
Cowley St John Parochial Church Council
Notes to the Accounts (continued)
for the year ended 31 December 2025
4. Analysis of expenditure - 2025
| Analysis of expenditure - 2025 | ||||
|---|---|---|---|---|
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2025 | |
| £ | £ | £ | £ | |
| Investment property management costs (excl wages) | ||||
| Investment properties repairs, | ||||
| maintenance and running costs | 1,168 | 7,599 | 571 | 9,338 |
| Investment property insurance costs | - | 3,301 | - | 3,301 |
| Property management and legal fees | - | 11,599 | - | 11,599 |
| ───── | ───── | ───── | ───── | |
| Total expenditure on raising funds | 1,168 | 22,499 | 571 | 24,238 |
| ───── | ───── | ───── | ───── | |
| Expenditure on charitable activities | ||||
| Parish share | 58,723 | - | - | 58,723 |
| Clergy expenses | 283 | - | - | 283 |
| Organist salary and other music expenses | 9,452 | 100 | 5,040 | 14,592 |
| Insurance premium | 7,615 | 1,928 | - | 9,543 |
| Service/altar costs | 633 | 178 | (120) | 691 |
| Church and hall running costs | 15,241 | 13,384 | - | 28,625 |
| Church, hall& St Alban’srepairs and maintenance | 909 | 87,786 | 62,493 | 151,188 |
| Sundry | 273 | 22 | - | 295 |
| Charitable donations | 2,035 | 150 | - | 2,185 |
| Outreach programmes | 15 | 17,844 | 10,174 | 28,033 |
| Churchyard fund | - | - | - | - |
| Architect & Surveying Fees | 975 | 1,458 | 41,905 | 44,338 |
| ───── | ───── | ───── | ───── | |
| 96,154 | 122,850 | 119,492 | 338,496 | |
| ───── | ───── | ───── | ───── | |
| Governance costs | ||||
| Independent examination fee | 5,392 | - | - | 5,392 |
| Other governance costs | - | - | - | - |
| ───── | ───── | ───── | ───── | |
| 5,392 | - | - | 5,392 | |
| ───── | ───── | ───── | ───── | |
| Other expenditure | ||||
| Wages | 13,461 | 9,652 | - | 23,113 |
| Other staff costs | 158 | - | - | 158 |
| Printing, postage and stationery | 2,274 | - | - | 2,274 |
| Janitorial | 679 | - | - | 679 |
| Bank fees | - | - | - | - |
| ───── | ───── | ───── | ───── | |
| 16,572 | 9,652 | - | 26,224 | |
| ───── | ───── | ───── | ───── | |
| Total expenditure on charitable activities | 119,286 | 155,001 | 120,063 | 394,350 |
| ═════ | ═════ | ═════ | ═════ |
Page 13
Cowley St John Parochial Church Council
Notes to the Accounts (continued)
for the year ended 31 December 2025
4. Analysis of expenditure - 2024
| Analysis of expenditure - 2024 | ||||
|---|---|---|---|---|
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2024 | |
| £ | £ | £ | £ | |
| Investment property management costs | ||||
| Investment properties repairs, | ||||
| maintenance and running costs | (1,291) | 20,245 | - | 18,954 |
| Property management and legal fees | (205) | 12,079 | - | 11,874 |
| Investment properties insurance premium | - | 3,194 | - | 3,194 |
| ───── | ───── | ───── | ───── | |
| Total expenditure on raising funds | (1,496) | 35,518 | - | 34,022 |
| ───── | ───── | ───── | ───── | |
| Expenditure on charitable activities | ||||
| Parish share | 53,849 | - | - | 53,849 |
| Clergy expenses | 1,457 | - | - | 1,457 |
| Organist salary and other music expenses | 8,128 | - | 820 | 8,948 |
| Insurance premium | 7,342 | - | - | 7,342 |
| Service/altar costs | 3,162 | - | 75 | 3,237 |
| Church and hall running costs | 25,871 | 1,208 | - | 27,079 |
| Church, hall & St Alban’s repairs and maintenance | 37,795 | (240) | - | 37,555 |
| Sundry | - | - | - | - |
| Charitable donations | 1,902 | - | - | 1,902 |
| Outreach programmes | 45 | - | 1,025 | 1,070 |
| Churchyard fund | - | - | 637 | 637 |
| ───── | ───── | ───── | ───── | |
| 139,551 | 968 | 2,557 | 143,076 | |
| ───── | ───── | ───── | ───── | |
| Governance costs | ||||
| Independent examination and accountancy fees | 2,220 | - | - | 2,220 |
| Other governance costs | - | - | - | - |
| ───── | ───── | ───── | ───── | |
| 2,220 | - | - | 2,220 | |
| ───── | ───── | ───── | ───── | |
| Other expenditure | ||||
| Wages | 9,146 | 9,652 | - | 18,798 |
| Other staff costs | - | - | - | - |
| Printing, postage and stationery | 2,625 | - | 15 | 2,640 |
| Janitorial | - | - | - | - |
| Bank fees | - | - | - | - |
| ───── | ───── | ───── | ───── | |
| 11,771 | 9,652 | 15 | 21,437 | |
| ───── | ───── | ───── | ───── | |
| Total expenditure on charitable activities | 152,046 | 46,138 | 2,572 | 200,755 |
| ═════ | ═════ | ═════ | ═════ |
Page 14
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
5. Wages and salaries
The wages and salaries costs comprise:
| The wages and salaries costs comprise: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages | 23,113 | 18,797 |
| ───── | ───── | |
| 23,113 | 18,797 | |
| ═════ | ═════ | |
| The average number of employees (full time equivalent) | ||
| during the year was: | 1 | 1 |
| ═════ | ═════ |
No employee during the above years earned more than £60,000.
No trustees received remuneration or reimbursement of expenses in the current or preceding year.
No paid staff, including volunteers are PCC members. No PCC members claimed expenses although they would be entitled to claim travel costs for attending meetings.
The members of the clergy who are ex officio members do receive stipends, which are paid directly by the Diocese to them.
The key management personnel are the members and the administrator.
Page 15
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
6. Investment assets - 2025
| Investment assets - 2025 | ||||
|---|---|---|---|---|
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2025 | |
| £ | £ | £ | £ | |
| Freehold properties | ||||
| Market value at 1 January 2025 | - | 1,500,000 | - | 1,500,000 |
| Revaluation | - | - | - | - |
| Other Investments | ||||
| Market Value at 1 January 2025 | 773 | 50,000 | - | 50,773 |
| Market value gains/(losses) | 15,073 | - | - | 15,073 |
| ─────── | ─────── | ─────── | ─────── | |
| Market value at 31 December 2025 | 15,846 | 1,550,000 | - | 1,565,846 |
| ═══════ | ═══════ | ═══════ | ═══════ | |
| Investment assets - 2024 | ||||
| General | Designated | Restricted | Total | |
| funds | funds | funds | 2024 | |
| £ | £ | £ | £ | |
| Freehold properties | ||||
| Market value at 1 January 2024 | - | 1,500,000 | - | 1,500,000 |
| Revaluation | - | - | - | - |
| Other Investments | ||||
| Market Value at 1 January 2024 | 1,550 | 50,000 | - | 51,500 |
| Market value gains/(losses) | (777) | - |
- | (777) |
| ─────── | ─────── | ─────── | ─────── | |
| Market value at 31 December 2024 | 773 | 1,550,000 | - | 1,550,773 |
| ═══════ | ═══════ | ═══════ | ═══════ |
At the year end the investment property was revalued by the charity to market value. Market value is based on the investment yield and value obtained for similar properties in the area.
The property’s historical cost is £875,000.
7. Fixed assets
| Fixed assets | ||
|---|---|---|
| Fixtures & | ||
| fittings | Total | |
| £ | £ | |
| Cost | ||
| At 1 January 2025 | 15,599 | 15,599 |
| Additions | 18,340 | 18,340 |
| At 31 December 2025 | 33,939 | 33,939 |
| Depreciation | ||
| At 1 January 2025 | 14,114 | 14,114 |
| Charge in year | 2,956 | 2,956 |
| At 31 December 2025 | 17,070 | 17,070 |
| Net book value | ||
| At 31 December 2025 | 16,869 | 16,869 |
| At 31 December 2024 | 1,485 | 1,485 |
Page 16
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
| 8. | Debtors and prepayments - 2025 | General | Designated | Restricted | Total |
|---|---|---|---|---|---|
| funds | funds | funds | 2025 | ||
| £ | £ | £ | £ | ||
| Accrued income tax (Gift Aid) due | 5,802 | - | - | 5,802 | |
| Accrued income | 3,702 | - | - | 3,702 | |
| Trade debtors | 8,294 | - | - | 8,294 | |
| Prepayments | 527 | - | - | 527 | |
| Other debtors–wages | 653 | - | - | 653 | |
| ───── | ───── | ───── | ───── | ||
| 18,978 | - | - | 18,978 | ||
| ═════ | ═════ | ═════ | ═════ | ||
| Debtors and prepayments - 2024 | General | Designated | Restricted | Total | |
| funds | funds | funds | 2024 | ||
| £ | £ | £ | £ | ||
| Accrued income tax (Gift Aid) due | 5,832 | - | - | 5,832 | |
| Trade debtors | 10,628 | - | - | 10,628 | |
| Prepayments | 1,575 | - | - | 1,575 | |
| Other debtors–accrued income | 15,644 | - | - | 15,644 | |
| ───── | ───── | ───── | ───── | ||
| 33,679 | - | - | 33,679 | ||
| ═════ | ═════ | ═════ | ═════ | ||
| 9. | Creditors and accruals - 2025 | General | Designated | Restricted | Total |
| funds | funds | funds | 2025 | ||
| £ | £ | £ | £ | ||
| Accruals | 3,740 | - | - | 3,740 | |
| Trade creditors | - | - | - | - | |
| HMRC PAYE creditor | 1,049 | - | - | 1,049 | |
| ───── | ───── | ───── | ───── | ||
| 4,789 | - | - | 4,789 | ||
| ═════ | ═════ | ═════ | ═════ | ||
| Creditors and accruals - 2024 | General | Designated | Restricted | Total | |
| funds | funds | funds | 2024 | ||
| £ | £ | £ | £ | ||
| Accruals (repair costs) | 6,000 | - | - | 6,000 | |
| Trade creditors | 6,382 | - | - | 6,382 | |
| Other creditors | 714 | - | - | 714 | |
| ───── | ───── | ───── | ───── | ||
| 13,096 | - | - | 13,096 | ||
| ═════ | ═════ | ═════ | ═════ |
Page 17
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
10. Restricted funds - 2025
| Restricted funds - 2025 | |||||
|---|---|---|---|---|---|
| Fund | Fund | ||||
| balances | balances | ||||
| brought | Revaluation | carried | |||
| forward | Income | /transfer | Expenditure | forward | |
| £ | £ | £ | £ | £ | |
| Affordable Housing | - | 10,000 | - | (9,950) | 50 |
| A Place to be | 2,361 | - | - | - | 2,361 |
| Bartlemas Chapel | 17,839 | 951 | - | 120 | 18,910 |
| Benefact Trust | 7,700 | - | (7,700) | - | - |
| Churchyard fund - Grant | - | 200 | - | - | 200 |
| Churchyard fund - Everyday | 3,048 | 763 | - | (2,476) | 1,335 |
| Dance of Universal Peace | 200 | - | - | - | 200 |
| Doris Field | 1,000 | - | (1,000) | - | - |
| Music Scholars | - | 3,036 | 5,280 | (5,240) | 3,076 |
| National Lottery | 20,000 | - | (20,000) | - | - |
| Organ Fund | - | - | - | 200 | 200 |
| Organ Scholars | 5,280 | - | (5,280) | - | - |
| SMJ Reordering | 66,265 | - | 5,453 | (53,540) | 18,178 |
| SS Mary & St John Church funds | 5,182 | 8,850 | - | (14,032) | - |
| St Alban Church funds | 21,143 | 12,600 | - | (33,743) | - |
| St Alban’s Wall/Developmentfund | 1,404 |
- | - | (1,404) | - |
| 151,420 | 36,399 | (23,247) | (120,063) | 44,510 |
Restricted Funds - 2024
| Fund | Fund | ||||
|---|---|---|---|---|---|
| balances | balances | ||||
| brought | Revaluation | carried | |||
| forward | Income | /transfer | Expenditure | forward | |
| £ | £ | £ | £ | £ | |
| Bartlemas Chapel | 15,604 | 2,423 | - | (190) | 17,839 |
| St Alban’s Wall/Development fund | 1,404 | - | - | - | 1,404 |
| Churchyard fund | 2,916 | 768 | - | (637) | 3,048 |
| A Place to be | 2,361 | - | - | - | 2,361 |
| Alice’s Tea Party | 665 | - | 60 | (725) | - |
| SS Mary & St John Church funds | 5,182 | - | - | - | 5,182 |
| St Alban Church funds | 17,113 | 4,030 | - | - | 21,143 |
| SMJ Reordering | 66,265 | - | - | - | 66,265 |
| Dance of Universal Peace | 200 | - | - | - | 200 |
| Organ Scholars | - | 6,000 | - | (720) | 5,280 |
| National Lottery | - | 20,000 | - | - | 20,000 |
| Doris Field | - | 1,000 | - | - | 1,000 |
| Benefact Trust | - | 8,000 | - | (300) | 7,700 |
| 111,710 | 42,221 | 60 | (2,572) | 151,420 |
Page 18
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
11. Designated fund – 2025
| Designated fund– 2025 | |||||
|---|---|---|---|---|---|
| Fund | Fund | ||||
| balances | balances | ||||
| brought | Revaluation | carried | |||
| forward | Income | /transfer | Expenditure | forward | |
| £ | £ | £ | £ | £ | |
| Bartlemas Chapel | - | 793 | - | (136) | 657 |
| Benefact Trust | - | 8,352 | 7,700 | (7,059) | 8,993 |
| Bishop Radford | - | 1,120 | - | (1,120) | - |
| Choral Evensong | - | 250 | - | (250) | - |
| Churchyard Volunteer Expenses | - |
430 | - | 87 | 517 |
| Co-op Fund | - | 500 | - | - | 500 |
| Curate | 23,242 | - | - | - | 23,242 |
| Doris Field | - | (23) | 1,000 | (977) | - |
| Hall Rental | 1 | 29,480 | - | (11,267) | 18,214 |
| Investments properties | 1,497,821 | 91,254 | (60,484) | (30,770) | 1,497,821 |
| Inv. properties–repair fund | 6,491 | - | - | - | 6,491 |
| Legacies & Bequests | 500 | - | - | - | 500 |
| Moss Charity | - | 1,000 | - | (380) | 620 |
| Music & Windrush | - | 1,250 | - | (1,250) | - |
| National Lottery | - | - | 20,000 | (12,737) | 7,263 |
| ODBF Various Reserve | - | 12,000 | - | (5,541) | 6,459 |
| Open Space | - | 1,229 | - | (1,036) | 193 |
| Security | - | 2,991 | - | (2,991) | - |
| SMJ Renewed | - | 75,657 | - | (59,317) | 16,340 |
| SMJ Reordering | 5,453 | - | (5,453) | - | - |
| St Alban Funds | - | 2,000 | - | (19,670) | (17,670) |
| Vicars Discretionary Fund | - | 1,500 | - | (467) | 1,033 |
| Warm Cold Spaces | - | 19,000 | - | - | 19,000 |
| 1,533,508 | 248,783 | (37,237) | (154,881) | 1,590,173 |
Designated fund - 2024
| Investments properties Inv. properties–repair fund Curate (WHAT IS THIS) Hall Rental SMJ Reordering Legacies & Bequests |
Fund Fund balances balances brought Revaluation carried forward Income /transfer Expenditure forward £ £ £ £ £ 1,497,821 89,212 (53,637) (35,575) 1,497,821 6,491 - - - 6,491 23,242 - - - 23,242 1 29,461 (18,658) (10,803) 1 5,013 200 - 240 5,453 500 - - - 500 1,533,068 118,873 (72,295) (46,138) 1,533,508 |
|---|---|
Page 19
Cowley St John Parochial Church Council
Notes to the Accounts (continued) for the year ended 31 December 2025
| CSJ Management Accounts Income Bank interest Fees Fundraising events Gift Aid donations Grants Hire of premises Investment income Legacies and bequests Charity collections Other donations Education Worker Outreach programmes Planned giving Plate Refunds and insurance claim Tax recovered Income Total Expenses Administration support Altar and service costs Charitable donations & grants Churches insurance Churchyard Clergy expenses Clergy housing costs Inv property insurance Inv property repairs & maintenance Inv property management fees Janitorial Organist fees & other music costs Outreach programmes Parish share PPS, telephone & internet Professional fees Repairs & maintenance Improvements Sundry Utilities Depreciation Expense Total Surplus/(deficit) before gain on investments and improvement costs Improvement expenditure Surplus/(deficit) before gain on investments |
2020 2021 2022 2023 2024 £ £ £ £ £ 2,479 17 - - 634 4,202 5,622 5,032 6,598 5,160 - 613 - 864 0 2,518 920 1,500 1,077 312 16,897 2,337 6,212 - 35,000 16,862 24,950 33,283 34,866 29,643 75,613 73,739 81,363 95,307 91,575 - 3,523 11,000 - 13,500 100 - 308 94 85 2,409 516 1,279 13,075 11,239 - - - - - 3,334 1,096 597 - - 30,576 29,424 26,812 33,376 25,241 1,979 3,032 3,547 5,797 5,163 - - - - - 8,819 7,062 6,172 5,586 8,664 165,788 152,851 177,105 196,640 226,216 27,776 19,460 18,605 18,374 18,797 1,948 1,017 1,718 4,227 3,237 1,587 1,606 569 1,751 1,902 9,238 8,681 6,312 9,810 7,342 - - - 637 800 191 160 59 1,457 8,223 14,322 14,213 8,000 1,000 1,975 1,982 3,674 2,964 3,194 21,156 9,279 11,362 15,200 18,954 6,146 5,991 6,000 8,331 11,874 754 705 663 820 913 5,621 7,606 7,507 9,338 8,948 4,222 1,424 981 2,078 1,415 60,516 62,417 62,469 50,389 53,849 4,916 3,550 3,008 2,606 4,263 4,734 17,163 13,934 3,942 5,377 28,178 71,089 33,910 22,854 43,555 - - - - - 795 372 1,268 1,150 803 15,861 8,508 14,363 14,258 12,247 2,130 2,872 2,872 990 990 206,576 238,235 203,588 177,141 200,755 |
2025 £ 2,225 1,324 - 40 123,839 30,356 92,880 1,712 146 10,912 - 22,743 23,948 4,129 - 7,389 321,643 23,271 10,399 2,185 9,543 - 283 - 3,301 6,382 11,599 679 14,592 28,033 58,723 6,783 49,730 24,341 126,845 336 14,369 2,956 394,350 |
|---|---|---|
| (40,788) (85,384) (26,483) 19,499 25,462 |
54,138 126,845 |
|
| (72,707) |
Page 20