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2025-12-31-accounts

St Wulfram’s Church, Grantham Parochial Church Council

Annual Report & Financial Statements For the Year Ended 31 December 2025

TABLE OF CONTENTS
AIM AND PURPOSES 1
OBJECTIVES AND ACTIVITIES 1
PEOPLE 1
ACHIEVEMENTS AND PERFORMANCE 4
FINANCIAL REVIEW 38
STRUCTURE, GOVERNANCE & MANAGEMENT 40
ADMINISTRATIVE INFORMATION 43
ACCOUNTS 45
NOTES TO THE ACCOUNTS 47
INDEPENDENT EXAMINERS REPORT 55

AIM AND PURPOSES

St Wulfram’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish of Grantham the whole mission of the Church, in daily worship of God, in matters pastoral, evangelistic, social and ecumenical to serve the people of the town and all who come to the church building.

The detail of this programme of mission is managed severally by the sub-groups (equivalent of sub-committees) of the PCC on its behalf. Their minutes and resolutions are available. From time to time, ad hoc working groups may be established to report to the PCC.

Full details of the PCC membership and officers are listed under ‘Administrative Information’ below.

OBJECTIVES AND ACTIVITIES

The PCC has the overall responsibility to make available to as many people as possible the ministry offered by the living Church based at St Wulfram’s, and to welcome the same people to the church building. We communicate the Christian faith and exercise Christian ministry in the worship of the church through the ministry of word and sacrament. We seek to meet the needs of a variety of people in the wide range of worship and activities offered. Our church building is sufficiently flexible that we can manage occasions sacred and secular on a large or modest scale.

When undertaking their programme of activities, the staff and PCC have taken seriously the Charity Commission’s guidance on public benefit and the specific guidance for charities for the advancement of religion. It is our express aim to be a community of

in the town and, according to the Anglican understanding, to be available to every single person in the town and parish. We seek to help the people of the town to live out their Christian faith through:

To make all this possible the PCC has a prime responsibility to maintain the fabric of St Wulfram’s.

PEOPLE

Staff

1

1 An Order dated 14 October 2025 from the Charity Commission authorised Lucy Ribierre (former PCC member and trustee) to receive and retain remuneration in respect of her employment by the charity until 31 August 2026 under the power given in section 105 of the Charities Act 2011. The Order is a legal document and is kept as part of the charity’s records.

2

Holders of the Bishop’s Licence

Permission to Administer in church: Clare Arthur, Heather Arthur, Shaun Ashley, Daniel Castañeda, Paul Davie, †Dorothy Gaughan, †Michael Gaughan, †Elizabeth Hill, Trevor Johnston, Philip Joyce, Ese Oduyoye, Sue Redmile, Marcin Salachna, Matthew Simons, Ian Stewart, †David West.

Permission to Administer in church and out of church: Rachel Davie, Helen Dawkins, Barbara Kime, Sheila Knight, *Joanna Swinbourne, †Eileen West, Valerie York.

Guild of Servers

3

opportunities to advertise for new servers, especially younger members of our congregation, although a direct approach may be more fruitful.

ACHIEVEMENTS AND PERFORMANCE

St Wulfram’s as an SDF Urban Resource Church

4

St Wulfram’s: Worship and Prayer

Regular and special services

2 The new parish was created on 1 October upon the dissolution of the South Grantham, Trinity Parish. See the section on Grantham Deanery below.

5

weekly Exposition & Benediction held at 12.00 noon on Fridays was discontinued after 1 August due to the reduction in clergy numbers and low attendance.

6

We then continued with the following:

Placing ourselves in the day-to-day activities of others during Holy Week presented some challenges; but it was important to open ourselves to encountering God within the secular and to allow God to move in the discussions we shared.

3 A slight change from previous years – a Family Meal rather than a Seder Meal. An opportunity for the whole church to come together to anticipate the resurrection.

7

‘Our goodbyes are an act of trust, that God will continue to work for the furtherance of his kingdom in this place, as he wills.

May you continue to fill this place with revellers, sinners, saints and angels. May you continue to minister to each other, to strangers, to pilgrims, to seekers and tourists. And as you do so remember that you might be ministering to angels in disguise.’

8

Preparation to receive the Sacrament of the Eucharist, and Confirmation

9

period of preparation undertaken in Lent, with the young people receiving the Sacrament for the first time, with their family, on Easter Day. Communion before Confirmation is now a common practice across the whole of the Church of England and among our ecumenical partners. Communion Club (as the period of preparation is known) is led by Fr Stuart and Mrs Laura Cradduck and aimed at those in Yr 3-7 who wish to explore receiving Communion before Confirmation. This year, sessions were held after the 9.30 a.m. Sunday service on 9, 16, 23 and 30 March, ending on Saturday 19 April (10.00 a.m. to 11.15 a.m.).

Occasional Offices

Mission and Social Responsibility

10

11

Health First Aid over the last four years, although some have subsequently moved to roles elsewhere. As part of the Benefact Trust funded project, we regularly invite MHFAiders[©] to gather to reflect on the challenges faced by the people we support; the impact of the training; and how we move forward. We are indebted to Ian Tomlinson (Shine Lincolnshire) for continuing to support our learning. MHFA England certification expires after three years. Two MHFAiders[© ] refreshed their training through Shine Lincolnshire this year; and we have plans for Ian to visit Grantham House in May 2026 to run a refresher course for seven MHFAiders[©] .

Safeguarding

12

13

general annual consent (subject then to risk assessment and safeguarding procedures being fully complete in line with the flowchart for the approval of off-site activities). Routine reports are made to the PCC on off-site activities made within the November 2019 and March 2024 parameters. The streamlining of the approval process for offsite activities has meant that the Director of Music can respond in a timelier fashion to outreach opportunities and other invitations. Accordingly, fewer requests for off-site activities now come to the PCC for approval for insurance purposes.

Our resource centre at Grantham House

14

Music

Introduction

15

experience the excitement of being a chorister with the choir, and the chance to make new friends, to explore the church, to have a go at playing the organ, to dress up in choir robes and to put on a fantastic performance for parents.

16

17

of Carols with Thea Butterworth, harp (Sunday 7 December), and the traditional Nine Lessons & Carols (Sunday 21 December). In the month before Christmas, sections of the choir sang carols at the Grantham House Christmas Market, at Harlaxton Manor, at the Royal Windsor Care Home, and at the ASDA superstore.

18

Organ teaching school

Wider music programme

Church Community

(a) Children, Young People and Families

19

20

when invited. The groups also visit the church from time to time as part of their badge work and spiritual development. Fr Stuart is Chaplain to the Scouts and led their Carol Service at ChristChurch in December this year.

(b) Pastoral Care

(c) Community groups

21

Church and Fabric

22

one under the Lincoln Diocesan Quick Wins scheme (up to £3,000) and the other under the national Church Decarbonisation Fund Net Zero Carbon 2030 initiative (£3,000) with up to £3,000 on each to be met from the Fabric Fund; and an application for List B approval for all 115 existing Halogen lamps to be changed to LED. The List B application was approved in February. The Quick Wins grant was approved at £4,500 and the Church Decarbonisation Fund grant of £3,000 was also approved. The first phase of modifications to 59 fittings was completed at the end of June. The remaining batch (actually, 44 halogen fittings) was completed in July. The grants are expected to cover approximately 50% of the total costs with the balance being met from the Fabric Fund. The LED lamps use about a third of the electricity used by the Halogen lamps, so we will see a payback over the next few years. Thanks are noted to A.F. Electrical for their part in the successful completion of this project.

23

Caring for Creation

24

particular attention to the mark that speaks of striving to safeguard the integrity of creation and sustaining and renewing the life of the earth.

Church flowers

25

Ringing at St Wulfram’s

Hospitality for Pilgrims and Visitors

26

visitors to the town and district. The church and churchyard are a focal point of South Kesteven District Council’s (SKDC’s) Grantham Town Conservation Area. They lie within the ‘Grantham High Street Heritage Action Zone’, which celebrates the town’s built, social, cultural and natural heritage and is funded by Historic England to restore historic properties and regenerate public realm areas.

27

Some are glad to make return visits, while others are pleased to be in a place that was special to their ancestors, for example:

They enjoy the history and architecture, for example:

Visitors also appreciate the welcome offered by stewards and the hard work of those who keep the building in good order, for example:

While one visitor thought St Wulfram’s is cathedral-like, others were under the impression that St Wulfram’s is a cathedral:

One visitor appreciated the building, but recognised one of the challenges we face in keeping it open:

Our facilities for and our work with children is appreciated, for example:

There is enjoyment when a visit coincides with the organ being played, for example:

28

And visitors are glad to discover that the building is well used for events, for example:

Visitors are also grateful for the peace they find in our church, for example:

There was special praise for the exhibition of the Turin Shroud replica, for example:

Trigge Library

29

of the year. We have also opened on the second Wednesday in the months of October through to December and are reviewing the response to those Wednesday morning openings.

30

Archive

Learning opportunities

Ministry training

31

Major Churches Network

Inclusive Church

We believe in inclusive Church - church which does not discriminate, on any level, on grounds of economic power, gender, mental health, physical ability, race or sexuality. We believe in Church which welcomes and serves all people in the name of Jesus Christ; which is scripturally faithful; which seeks to proclaim the Gospel afresh for each generation; and which, in the power of the Holy Spirit, allows all people to grasp how wide and long and high and deep is the love of Jesus Christ.

Diocese of Lincoln

St Wulfram’s is currently represented on Diocesan Synod by Fr Stuart, by Fr Clay Roundtree (until 30 September), and by Paul Davie. Paul also serves on the Bishop’s Council of Diocesan Trustees as lay representative of the Archdeaconry of Boston, and as a representative of the House of Laity on the Vacancy in See Committee. Fr Stuart continues to serve on General Synod, as a representative of the diocesan House of Clergy.

Diocesan Synod meets on three occasions per year (usually April, July, November). After each Diocesan Synod meeting, the PCC receives a Digest of Proceedings, as published on the diocesan website, and from time-to-time PCC officers and clergy and lay ministers receive communications from the Diocese.

In November, Diocesan Synod debated a motion proposed by Fr Stuart to call on the House of Bishops to proceed at pace to implement stand-alone blessing services for same-sex couples. Speaking to the Church Times , Fr Stuart said the motion was born out of frustration with the House of Bishops’ decisions on aspects of the ‘Living in Love and Faith’ process. The motion at Diocesan Synod was carried by the bishop present, and by both houses. A diocesan spokesperson said the debate had been respectful, with a wide range of

32

lay and ordained voices speaking with integrity and sensitivity: they said, ‘It is a testament to our commitment to collaborative ministry in the Diocese of Lincoln’.

‘Time to Grow Together’

Over recent years, a great deal has been achieved by the Diocese through progress on Resourcing Sustainable Church , moving into Time To Change Together , including scaling back central costs, self-definition of churches (using different ‘types’ to discern and reflect vocations), and the work of Covenant Pastors and improved Covenant Pledges. Phase Two of the diocesan vision and plan involves moving from Time To Change Together to Time To Grow Together . Approaching the second phase, the diocesan Bishop’s key phrase was ‘Raising the Spiritual Temperature’, an idea and activity that he sees as the seedbed for our Christian life. When he was appointed, the Bishop knew that because of his age he would not be with the Diocese in person for a long ministry. His task is to help shape and affirm positive culture in the Diocese – and ‘Raising the Spiritual Temperature’ is part of this culture.

Looking to the future of mission and ministry, the Diocese set out on a journey of discernment this year: it was about walking together in faith, asking where the Spirit is leading us – listening to the people and listening to God’s call to become the Church we are called to be. Rooted in prayer, theology and local wisdom, the aim of the journey was to shape a new decade-long Diocesan strategy, building on the foundation of Time to Change Together and responding to the national Church of England’s call to become:

At the centre of this journey was Lord, Show Us The Way – a year of shared reflection, prayer and honest conversation across the Diocese. A number of groups walked alongside – listening, reflecting, and helping shape the way forward: a Strategy Working Group (steering the journey), a Theological Reflection Group (grounding the journey in scripture and prayer), and five Lever Groups (exploring key areas of growth and mission).

Three members of our own parish served on Lever Groups. Fr Stuart served on the Buildings Lever Group. Paul Davie served on the Resources Lever Group, which invited members of all worshipping communities (including our own) in July to complete a short questionnaire to help gain an insight into how the Church contributes to local life and what might help or hinder such work. Together with Mrs Jane Chard (Washingborough with Heighington), Fr Clay co-chaired the Lever Group on Discipleship, supported by Judith Muskett in an administrative capacity.

As part of Lord Show Us the Way , a series of Strategy Engagement Events was run across Lincolnshire in the latter part of 2025. One of these events took place in St Wulfram’s Church on the evening of Monday 1 December. This was an opportunity to join in the conversation with the diocesan central team and learn how far the diocese had progressed on its journey.

South Kesteven Deanery Partnership

Fr Clay Roundtree continued as the Partnership Dean overseeing the South Kesteven Deanery Partnership (DP) comprising the deaneries of Beltisloe, Grantham, Loveden, and Stamford. He met regularly with the Lay Co-Lead and the four rural deans, to develop short-term plans and formulate long-term strategy.

33

Diocesan pilgrimage to Taizé

Fr Clay and Mthr Kate organised a diocesan pilgrimage to Taizé for young adults (aged 18 to 30) from Sunday 3 to Sunday 10 August. The pilgrimage, led by Bishop Nicholas of Grantham, helped participants to step back from daily life, and set aside time to search for communion with God through community, prayer, song, silence, personal reflection and sharing.

Grantham Deanery

34

meeting on 9 October, a presentation was made by four ALMs from All Saints Church, Barrowby on the pre-requisites, roles and challenges for authorised lay ministry.

Ecumenical relations

Communication

4 https://www.stwulframs.org.uk

5 https://www.achurchnearyou.com/church/14634/

35

Special Events (including those for fund raising)

The following events also took place during the year:

36

holders and professional vintage dealers who select beautiful and interesting items to sell on their stalls.

37

FINANCIAL REVIEW

Summary

The General Fund budget was set at a deficit of £20,375 for 2025, the actual outturn for 2025 being a net deficit of £17,451, a small improvement on budget. However, it needs to be noted that with a General Fund deficit balance of £19,111 at the start of 2025, this means that the General Fund ended the year in deficit of £36,562.

38

Taking into account all designated and restricted funds, the overall balance sheet commenced the year at £361,239 and stood at £259,704 at 31 December 2025, a decrease of £101,535 in the year, a large part of which was spending from the Fabric Fund on installation of the solar panels and other repairs to the roof of the church.

Commentary

39

a capital gain of 0.31% (i.e. excluding income received) in 2025 (2024: 0.75% loss), and the overall value increased by 0.35% to £200,721 (2024: 0.50% decrease to £200,004). Cash on deposit and with the bank decreased by £94,424 (2024: £25,565 increase during the year).

STRUCTURE, GOVERNANCE & MANAGEMENT

The Parochial Church Council (PCC)

Annual Parochial Church Meeting (APCM)

Electoral Roll

40

transition will be managed carefully. The triennial elections to Deanery Synod will take place at the APCM 2026, and St Wulfram’s will be invited to elect two (rather than four) lay representatives on that occasion.

PCC Standing Committee

PCC Sub-groups (committees)

41

Greater Team Days

PCC Officers: Churchwardens, Treasurer, and Secretary

Governance Review, August to November 2024

42

ADMINISTRATIVE INFORMATION

Name Post
Date if part year
Post
Date if part year
Ex officio members
Father Stuart Cradduck Incumbent, PCC Chair, Diocesan Synod, General Synod
Father Clay Roundtree Associate Rector, Diocesan Synod (until 30.9.25)
Mother Hannah Grivell Assistant Curate (until 1.6.25)
Mother Kate Hough Assistant Curate (until 25.5.25)
Katy Castañeda Reader
Nick Kerry Reader (from 18.5.25)
Melanie Fletcher Warden and Vice Chair
Mike Knight Warden (until 18.5.25)
Jan Burrows Warden (from 18.5.25)
Paul Davie Deanery Synod, Diocesan Synod
Cherry Edwards Deanery Synod (until 22.2.26)
Chris Impey Deanery Synod
Elected members
Jan Burrows
Helen Dawkins
Tom Fletcher (until 18.5.25)
Anna James
Philip Joyce
John Manterfield Deanery Synod
Ese Oduyoye
James Osborn (from 18.5.25)
Lucille Pritchard (until 18.5.25)
Lucy Ribierre (formerly Scott) (until 19.8.25)
Eileen West (until 18.5.25)
Val York
Co-opted members
Mark Bates (from 18.5.25)
Yvette Caddle (from 18.5.25)
James Osborn (until 18.5.25)

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BankersTnvestment Managers TheCCLACo-operativeInvestment Bank,Management1 Balloon Limited,Street, Manchester Mg 4BE. 84 Queen Victoria Street, London. IndependentInsurers Examiners StreetsEcclesiasticalLLP, WindsorInsuranceHouse,Group,A1 BusinessGloucester.Park, Long Bennington.

Approved by the PCC on and signed on their behalf, pe Revd Canon Father Stuart Cradduck

26 April 2026

a4

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31st December 2025

Note
INCOMING RESOURCES
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Church activities
3(a)
Fund-raising costs
3(b)
Investment management costs
3(c)
Governance costs
3(d)
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES/(OUTGOING)
RESOURCES BEFORE TRANSFERS
Transfers between funds
11
NET INCOMING RESOURCES/(OUTGOING
RESOURCES) BEFORE OTHER
RECOGNISED GAINS & LOSSES
Gains/(losses) on investment assets:
6(b)
on sale
on revaluation
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD 1st JANUARY
BALANCES CARRIED FORWARD 31st DECEMBER
General
Designated
£
104,049
2,394
86,412
-
95
161
10,859
-
201,415
2,555
181,023
4,375
39,943
-
-
-
1,980
-
222,946
4,375
(21,531)
(1,820)
4,080
(17,451)
(1,820)
77
(17,451)
(1,743)
(19,111)
11,220
(36,562)
9,477
Unrestricted Funds
Restricted
Funds
£
80,542
6,067
7,657
8,883
103,149
182,051
-
-
-
182,051
(78,902)
(4,080)
(82,982)
2,807
(80,175)
302,265
222,090
Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,166)
(2,166)
66,865
64,699
2025
2024
£
£
186,985
204,235
92,479
99,092
7,913
6,793
19,742
28,764
307,119
338,884
367,449
408,211
39,943
36,101
-
-
1,980
1,920
409,372
446,232
(102,253)
(107,348)
-
-
(102,253)
(107,348)
-
(4,241)
718
(1,513)
(101,535)
(113,102)
361,239
474,341
259,704
361,239
TOTAL FUNDS
2025
2024
£
£
186,985
204,235
92,479
99,092
7,913
6,793
19,742
28,764
307,119
338,884
367,449
408,211
39,943
36,101
-
-
1,980
1,920
409,372
446,232
(102,253)
(107,348)
-
-
(102,253)
(107,348)
-
(4,241)
718
(1,513)
(101,535)
(113,102)
361,239
474,341
259,704
361,239
TOTAL FUNDS
2024
£
204,235
99,092
6,793
28,764
338,884
408,211
36,101
-
1,920
**446,232 **
(107,348)
-
(107,348)
(4,241)
(1,513)
(113,102)
474,341
361,239

The notes on pages 47 to 54 form part of these accounts

45

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

BALANCE SHEET

As at 31st December 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets
Investments
6(a)
6(b)
-
200,721
684
200,004
200,721 200,688
CURRENT ASSETS
Debtors 7
Short term deposits & cash at bank and inhand 8
LIABILITIES
Creditors -amounts falling due in oneyear 9 22,787 31,256
NET CURRENT ASSETS 58,983 160,551
TOTAL NETASSETS 250,704
PARISHFUNDS
Unrestricted
GeneralFund
Designated Funds
10 (36,562)
9.477
(19,111)
11,220
7,085) (7.891)
Restricted
Endowment
10
10
222,090
64,609
302,265
66,865
59,704 361,239

Approved by the Parochial Church Council on 26 April 2026 and signed on its behalf by

Father Stuart Cradduck

(PCC Chairman)

“The notes on pages 4710 54 form part of these accounts.

46

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

2
INCOMING RESOURCES
2(a) Voluntary Income
Planned giving:
Gift Aid donations
Tax recoverable
Other
Collections (open plate)
Grants
Other donations and appeals
Choir Trips
Donations box
Other donations, appeals, etc.
Tax recoverable
Legacy income
2(b) Activities for generating funds
Coffee shop
Hire of church /Grantham House
Sales Unit
Lottery
Events Bar
Beer Festival
Christmas Tree Festival
Choir Trips
Other fund-raising
2(c) Income from investments
Rent from land & buildings
Dividends and interest
2(d) Income from church activities
Pilgrimage trip
Choir Trips
Other income from church activities
Fees paid to PCC for weddings & funerals
Income from utilities companies
Insurance claim
TOTAL INCOMING RESOURCES
General
Designated
£
£
45,835
11,459
3,984
8,483
202
8,990
17,189
2,192
3,109
5,000
104,049
2,394
6,173
8,215
577
1,030
21,136
22,729
21,230
5,322
86,412
-
95
161
95
161
2,775
4,833
3,251
10,859
-
201,415
2,555
Unrestricted Funds
Restricted
Funds
£
1,200
300
167
51,278
43
24,264
352
2,938
80,542
58
5,393
616
6,067
7,657
7,657
7,620
1,263
8,883
103,149
Endowment
Funds
£
-
-
-
-
-
-
-
2025
2024
£
£
47,035
45,676
11,759
11,659
3,984
3,984
8,852
11,026
51,278
81,930
-
1,377
9,033
4,934
43,645
40,762
3,461
2,887
7,938
-
186,985
204,235
6,173
7,095
8,215
15,052
635
568
1,030
1,040
21,136
20,182
22,729
17,603
21,230
19,535
5,393
11,105
5,938
6,912
92,479
99,092
-
-
7,913
6,793
7,913
6,793
-
3,788
7,620
9,198
4,038
6,027
4,833
7,371
3,251
-
-
2,380
19,742
28,764
307,119
338,884
TOTAL FUNDS
2025
2024
£
£
47,035
45,676
11,759
11,659
3,984
3,984
8,852
11,026
51,278
81,930
-
1,377
9,033
4,934
43,645
40,762
3,461
2,887
7,938
-
186,985
204,235
6,173
7,095
8,215
15,052
635
568
1,030
1,040
21,136
20,182
22,729
17,603
21,230
19,535
5,393
11,105
5,938
6,912
92,479
99,092
-
-
7,913
6,793
7,913
6,793
-
3,788
7,620
9,198
4,038
6,027
4,833
7,371
3,251
-
-
2,380
19,742
28,764
307,119
338,884
TOTAL FUNDS
2024
£
45,676
11,659
3,984
11,026
81,930
1,377
4,934
40,762
2,887
-
204,235
7,095
15,052
568
1,040
20,182
17,603
19,535
11,105
6,912
**99,092 **
-
6,793
6,793
3,788
9,198
6,027
7,371
-
2,380
28,764
338,884

47

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

3
RESOURCES EXPENDED
3(a) Church activities
Missionary and charitable giving (note 13)
Ministry
Diocesan Covenant Pledge
Other ministry costs
Church/Grantham House running & maintenance
Heating, lighting & water
Insurance
Grantham House Service charge
Maintenance and other costs
Upkeep of services
Music & choir
Choir Trips
Children and young people
Printing, stationery & other office costs
Parish magazine costs
Legal & professional fees
Bank charges
Training & Development
Other sundry expenses
Pilgrimage trip
Other church activities costs
Wulfram Centre for Wholeness & Wellbeing activities
Administration and support costs
3(b) Fund-raising costs
Coffee Shop
Sales Unit stock
Events Bar
Beer Festival
Christmas Tree Festival
Choir Trips
Other fund-raising
3(c) Investment management costs
Investment property insurance and repairs
Investment property management fees
3(d) Governance costs
TOTAL RESOURCES EXPENDED
General
Designated
£
£
2,000
36,667
11,698
19,859
12,393
6,937
7,861
6,643
2,672
6,681
1,486
10,135
561
875
1,294
3,467
1,703
52,466
181,023
4,375
2,448
34
7,190
16,832
10,917
2,522
39,943
-
-
-
1,980
-
222,946
4,375
Unrestricted Funds
Restricted
Funds
£
7,814
12,393
111,499
1,753
7,351
10,991
792
3,063
11
2,507
23,877
182,051
-
-
-
**182,051 **
Endowment
Funds
£
-
-
-
-
-
2025
2024
£
£
2,000
2,750
36,667
36,667
11,698
11,787
27,673
31,429
24,786
24,482
6,937
-
119,360
131,267
11,068
5,976
14,032
29,514
10,991
21,077
1,486
864
10,927
9,997
-
280
3,624
11,326
886
663
-
1,154
1,294
8,229
-
4,504
7,677
11,506
-
150
76,343
64,589
367,449
408,211
2,448
2,590
34
4
7,190
9,920
16,832
10,260
10,917
10,372
-
847
2,522
2,108
39,943
36,101
-
-
-
-
-
-
1,980
1,920
409,372
446,232
TOTAL FUNDS
2025
2024
£
£
2,000
2,750
36,667
36,667
11,698
11,787
27,673
31,429
24,786
24,482
6,937
-
119,360
131,267
11,068
5,976
14,032
29,514
10,991
21,077
1,486
864
10,927
9,997
-
280
3,624
11,326
886
663
-
1,154
1,294
8,229
-
4,504
7,677
11,506
-
150
76,343
64,589
367,449
408,211
2,448
2,590
34
4
7,190
9,920
16,832
10,260
10,917
10,372
-
847
2,522
2,108
39,943
36,101
-
-
-
-
-
-
1,980
1,920
409,372
446,232
TOTAL FUNDS
2024
£
2,750
36,667
11,787
31,429
24,482
-
131,267
5,976
29,514
21,077
864
9,997
280
11,326
663
1,154
8,229
4,504
11,506
150
64,589
408,211
2,590
4
9,920
10,260
10,372
847
2,108
36,101
-
-
-
1,920
**446,232 **

48

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

4
STAFF COSTS & EXPENSE PAYMENTS
4(a) Staff costs
Wages and salaries:
Gross pay
Employer's NI and Pension Contributions*
2025
£
72,666
3,990
**76,656 **
2024
£
104283
12,456
116,739

*After Employment Allowance

The full-time equivalent number of staff was 2.6 (2024- 3.7) and no employee received remuneration in excess of £60,000. No wages or salaries were paid to PCC members during the year.

Grantham St Wulfram PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

a. , a deferred annuity section known as Pension Builder Classic, and,

b. , a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on the investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared, is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the Statement of Financial Activities in the year are the contributions payable (2025: £2,523; 2024: £3,814).

The legal structure of the scheme is such that if another employer fails, Grantham St Wulfram PCC could become responsible for paying a share of the failed employer’s pension liabilities.

49

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

4(b) Payments to PCC members

4 members of the PCC were reimbursed a total of £4,520 expenses in relation to their work at St Wulfram's that was unrelated to their additional duties as PCC members. These were for travel/mileage (£3,765), phone costs (£427), meals/subsistence (£328) . A small immaterial portion of the expenses paid to the Rector may have related to his services as chairman of the PCC.

AF Electrical Installations was paid a total of £2,045 during 2025 for repair work done. Melanie Fletcher is married to the owner of the firm, but although a member of the PCC Fabric sub-group does not play a part the selection of contractors to undertake repair & maintenance work. James Maintenance Services was paid £3,967 during 2025 for maintenance work. Anna James is married to the owner of the firm but plays no part in the selection of contractors.

No other expenses, except those listed above, were paid to any other PCC member, persons closely connected to them or related parties.

5 NET INCOMING RESOURCES FOR THE YEAR

2025
Net incoming resources for the year are after charging:
£
684
1,980
FIXED ASSETS
a) Tangible assets
Gardening
Office
Equipment
Photocopier
£
£
Cost or deemed cost
At 1st January 2025
1,950
3,990
Additions
-
-
Disposals
-
-
At 31st December 2025
1,950
3,990
Depreciation
At 1st January 2025
1,950
3,990
Charge for the year
-
Disposals
-
-
At 31st December 2025
1,950
3,990
Net book value
At 31st December 2025
-
-
At 31st December 2024
-
-
Depreciation of computers & garden equipment
Independent Examination of the Annual Report & Financial Statements
GENERAL
FUNDS
2024
£
1,611
1,920
DESIGNATED
FUNDS
Office
Computers
£
7,245
-
-
7,245
6,561
684
-
7,245
-
684
TOTAL
FUNDS
£
13,185
-
-
13,185
12,501
684
-
13,185
-
684

6 FIXED ASSETS

50

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

6
b) Investments
Market value 1 January 2025
Additions
Disposals
Revaluation (loss)/gain
At 31 December 2025
The market value at 31st December 2025 represents investments for:
General funds
Designated funds
Restricted funds
Endowment funds
Investment
securities
£
200,004
-
-
717
200,721
£
-
-
136,022
64,699
Investment
securities
200,721

The allocation of the assets to the funds above reflects how the income is currently apportioned, the asset actually used by a particular fund is ultimately dictated by liquidity needs. Total fixed asset investment securities are within the United Kingdom and are all unlisted. They are intended to be held for longer than one year although can be sold at short notice, thereby ensuring sufficient liquidity.

8

DEBTORS
Prepayments:
Less than 1 year
More than 1 year
Tax recoverable
Other debtors
CASH AT BANK AND IN HAND
Short term deposits
Cash at bank and on hand
Other
2025
£
3,821
-
901
22,066
26,788
2025
£
10,080
44,902
-
54,982
2024
£
7,442
558
869
33,532
42,401
2024
£
30,080
119,326
-
149,406

51

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

9
LIABILITIES
Amounts falling due in one year
Accruals for utility costs
Accruals for other costs
Deferred income*
2025
£
4,023
9,516
9,248
22,787
2024
£
8,871
15,261
7,124
31,256

*Deferred income is made up of fundraising & contributions for fututre choir trips

The movement in deferred income is analysed below:

Balance as at 1st January
Amounts added in current period
Amounts released to income from previous periods
Balance as at 31st December
2025
£
7,124
9,248
(7,124)
**9,248 **
2024
£
3,960
7,124
(3,960)
7,124

9b OPERATING LEASE

The charity has future liabilities under non-cancellable operating leases as follows

Office Equipment (photocopier) < 1yr
388
1-5 yrs
-
> 5 yrs
-

52

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

10
FUNDS
Designated Funds
Funeral collections "in memoriam"
Mission & Social Responsibility
Funeral collections "in memoriam"
Restricted Income Funds
5050 booklet appeal
A Pinchbeck fund
AG Hardy fund books for lay readers
Book of Remembrance
Cathedral Music Trust & Transformation Fund Music
Chained (Trigge) library
Choir Fund
Clarkes Charity
Downton bequest
Grantham House Grant Fund
Fabric fund
Flowers
Friends of Cathedral Music Grant
Langwith Charity
Mental Health First Aid Training - The Benefact Trust
Organ Fund
P Burdett bequest
South Porch & Garden of Remembrance
Strategic Development Funding (SDF) / LDT&BoF
As at
1st Jan 25
£
5,103
6,116
11,219
Collections at funeral
As at
1st Jan 25
£
1,146
2,154
2,756
301
16,676
1,460
3,521
1,143
10,333
2,720
246,854
1,783
1,766
6,242
2,083
119
977
228
-
**302,262 **
Incoming
Resources
£
509
3,036
3,545
services for the benefi
Incoming
Resources
£
34
93
163
9
15,950
8,715
20,067
115
287
54,726
1,922
875
1,101
3
29
7
11,641
115,737
Resources
Investment
Expended
Gains/(Losses)
£
£
77
(5,364)
(5,364)
77
t of St Wulfram designated for use to purchase fixtu
Resources
Investment
Expended
Gains/(Losses)
£
£
16
31
40
4
(15,505)
(7,190)
41
(15,593)
111
17
(640)
137
(2,720)
(137,596)
2,255
(1,765)
27
(1,225)
19
(762)
91
2
14
3
(11,641)
(194,637)
2,808
Transfers
£
-
res, fittings and oth
Transfers
£
(4,080)
(4,080)
As at
31st Dec 25
£
5,689
3,788
9,477
er items 'in memoriam'.
As at
31st Dec 25
£
1,196
2,278
2,959
314
13,041
3,026
8,106
1,275
10,117
-
166,239
1,967
1,435
6,672
2,083
124
1,020
238
-
222,090

5050 booklet appeal Funds for the colour guide to the church. A Pinchbeck fund Income to be applied for use by the servers. AG Hardy fund books for lay readers Income to be applied to reader ministry.

A Pinchbeck fund AG Hardy fund books for lay readers Book of Remembrance Cathedral Music Trust & Transformation Fund Music grants Chained (Trigge) library Choir Fund Clarkes Charity Downton bequest Grantham House Grant Funding Fabric fund Flowers Friends of Cathedral Music Grant Langwith Charity Mental Health First Aid Training - The Benefact Trust Organ Fund P Burdett bequest South Porch & Garden of Remembrance Strategic Development Funding (SDF)

Donation from the Machine Gun Corp for preservation of the Book of Remembrance.

Grants from CMT and Lincoln Diocesan Trust & Board of Finance for additional staffing of the music department, repurposed in 2024 with the agreement of the donors. Book restoration and upkeep of Trigge Library funded by donations for the purpose. Donations & fund raising for choir and music expenditure.

Beautifying the church.

Rector & churchwardens discretionary fund. Grants relating to the formation of the National Trust partnership on Grantham House Income from bequests, legacies and other donations for preservation of the church fabric. Purchase of flowers funded by donations for the purpose. Income from endowment for St.Wulfram's Music for Choral Scholarships. Discretionary fund for distribution to poor. Benefact Trust grant for Mental Health First Aid training Donations to meet the running costs of the organ. Vestments for servers and clergy. Donations for upkeep of the South Porch and Garden of Remembrance. Strategic Development Funding from Lincoln Diocesan Trust & Board of Finance.

53

PAROCHIAL CHURCH COUNCIL OF ST WULFRAM, GRANTHAM

NOTES TO THE FINANCIAL STATEMENTS

As at 31st December 2025

10
FUNDS (continued)
Endowment Funds
A Pinchbeck fund
A G Hardy fund
Clarkes Charity (REGISTERED)
Donal charity (REGISTERED)
Fabric fund
Friends of Cathedral Music Endowment Grant
Hodds bequest
Langwith Charity (REGISTERED)
Miss Harrison bequest
P Barnes Fund
A Pinchbeck fund
A G Hardy fund
Clarkes Charity (REGISTERED)
Donal charity (REGISTERED)
Fabric fund
Friends of Cathedral Music Endowment Grant
Hodds bequest
Langwith Charity (REGISTERED)
Miss Harrison bequest
P Barnes Fund
As at
Incoming
Resources
Investment
Transfers
1st Jan 25
Resources
Expended
Gains/(Losses)
£
£
£
£
£
1,013
-
-
14
-
2,760
-
-
38
-
2,737
-
-
38
134
-
-
2
-
19,885
-
-
(795)
-
28,815
-
-
(1,100)
-
2,419
-
-
34
-
8,462
-
-
(405)
-
461
-
-
6
-
179
-
-
2
-
66,865
-
-
(2,166)
-
Income to be applied for use by the servers.
Income to be applied to reader ministry.
Income to be applied one third to orphans and two thirds to beautifying the church.
Discretionary fund for distribution to the poor - income transferred to the general fund.
Income to be applied for church fabric - income transferred to the fabric restricted income fund
Income for St.Wulfram's Music for Choral Scholarships allocated to restricted income fund of s
Income transferred to general funds to set against cost of verger, bellringers, servers and choir.
Discretionary fund for distribution to poor.
Income transferred to general funds to set against cost of choir, music etc
Income to be applied for the children of parish - transferred to general funds to set against cost
As at
31st Dec 25
£
1,027
2,798
2,775
136
19,090
27,715
2,453
8,057
467
181
64,699
.
ame name.
of Sunday Club & other children's ministry expenses.

11 TRANSFERS BETWEEN FUNDS

12
ANALYSIS OF NET ASSETS by fund
General funds
Designated funds
Restricted funds
Endowment funds
13
MISSIONARY & CHARITABLE GIVING
Mission & Social Responsibility
Other charitable giving
The Children's Society
Macmillan
Wateraid
Christian Aid
Samaritans
Grantham Foodbank
Vouchers for families
Fixed
Assets
£
-
-
136,022
64,699
200,721
General
£
2,000
2,000
Unrestrict
Current
Assets
£
(27,223)
11,528
97,465
-
81,770
Designated
£
-
ed Funds
Liabilities
£
(9,339)
(2,051)
(11,397)
-
(22,787)
Restricted
Funds
£
619
270
65
127
750
**1,831 **
Total
£
(36,562)
9,477
222,090
64,699
259,704
Endowment
Funds
£
-
TOTAL FUND
2025
£
2,000
619
270
65
127
-
-
750
**3,831 **
S
2024
£
2,750
581
374
-
150
84
34
20
3,993

54

INDEPENDENT EXAMINER’S REPORT

To the Trustees of The Parochial Church Council of the Ecclesiastical Parish of St Wulfram, Grantham

I report to the Trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of St Wulfram, Grantham (the Trust), for the year ended 31 December 2025, which are set out on pages 45 & 46.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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:

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.

24 April 2026

Chris Hubbard, FCA

Streets LLP Windsor House A1 Business Park at Long Bennington Nottingham NG23 5JR