ST NICHOLAS. CHURCH WARWICK ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PCC FOR THE YEAR ENDED 31" DECEMBER 2025
St Nicholas, Church Warwick Financial Statements for the Year Ended 31 December 2025 Annual Report of the Parochial Church Council Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9-17
St Nicholas, Church Warwick Annual Report of the Parochial Church Council for the Year Ended 31 December 2025 Administrative Infomiation St Nicholas, Church is situated in St Nicholas Church Street, Wanwick. It is part of the Diocese of Coventry. The correspondence address is St Nichdas ChurGh, St Nicholas Church Street. Warwck, CV34 4JD. The Parochial Church Council (PCC) is a charity - registration number 1131835, with the Church Representation Rules as its goveming document. PCC members, who are also trustees of the charty, who have sènied from 1 January 2025 until the date this report was approved (or as othepwise stated) are... Incumbent.. Revd Linda Duckers Chair Associate Minister Revd Anita Mo an Wardens.. Mrs Sarah Bazin Mr Jonathan Forbes Mr Dann Crowther From APCM 2021 (Vice chair) To APCM 2025 From APCM 2025 Secreta Noa intment Representatives on the Deane Mr Chris Foy Re-appointed at APCM 2025 Elected Members Mrs Carole Ellis Mr Roy Emmerson Mr Jonathan Forbes Mrs Anne Heaney Mrs Katie Jelts Mrs Pam Meale Mr Paul Onions Mr Robert Perkins Mrs Fiona Trewick To December 2025 Re-appointed at APCM 2025 Appointed at APCM 2025 To August 2025 Re-appointed at APCM 2025 Re-appointed at APCM 2025 Re-appointed at APCM 2025 Re-appointed at APCM 2025 Re-appointed at APCM 2025 Mrs Jane Rogers Treasurer Re-appointed at APCM 2025
St Nicholas, Church Wanwick Annual Report of the Parochial Church Council for the Year Ended 31 December 2025 Structure, governance and management The method of appointment of PCC members is set out in the Church Representstion Rules. All church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. St Nicholas Church is part of the Warwick Team Ministry. Objectives and activities The PCC of St Nicholas Church has the responsibility of cooperating with the Team Vicar. the Rev'd Linda Duckers, in promoting. in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the Churth premises at St Nicholas Church Street, Warwick. The parish also seeks to support the Warwick Team Ministry, the Deanery and the Diocese. The Charity Trustees have complied with the duty in section 4 of the Charity's act 2006 to have due regard to the public benefit guidan published by the charity commission. Risk Review The PCC of St Nicholas Church has considered the major risks (both financial and otherwise) that could occur and has identified controls to manage those risks. The PCC will review risks and corresponding controls regularly throughout the year. Safeguarding is on the agenda at each PCC meeting. Reserves Pollcy It is the policy of the PCC to hold in general reserves the equivalent of six months, general running costs (approximately £S0,¢)00), to cover emergency situations that may arise. In addition to this the PCC will designate an amount to building reserves to meet future costs of maintaining the ancient building. At the end of 2025 the balances of £50.000 in general reserves, £10,000 in mission reserves. £70,484 in building resen4es cover these amounts. This policy will be reviewed in twelve months, time. Future commitinents Work is starting on the Chancel roof in the new year at an estimated cost of at least £50k. There is likely risk that we will need lo cover VAT costs as well because the Listed Places of Worship Scheme is ending at the end of March 2026. Achievements and Perforniance Church attendance A new Electoral Roll was produced at the end of March 2026 and there are 95 parishioner5 on the roll. there were also 95 in 2025. In October 2025 the average weekly attendance at Sunday Se1$ was 45 adults and 9 Children, but this number increases considerably at festivals, and particulatly at the Christmas Nativity, Harvest Festival, Remembrance Day and Mothering Sunday servIs. Review of the year The full PCC met 10 times during the year and a majority of the members yre present at each meeting. Committees met beeen meetings and minutes of their deliberations were received by the full PCC and discussed where necessary.
St Nicholas, Church Warwick Annual Report of the Parochial Church Council for the Year Ended 31 Decembor 2025 Financial Review The accounts for 2025 show an in-year deficit of £16,341 (deficit of £11,850 in 2024). Total funds decreased by £16,341 from £263,688 to £247,347, broken down into.. Unrestricted funds increased to £50.000 based on allowing six months, general running costs in reseNes Designated funds decreased by £41,710 from £122,194 to £80,484 Restricted funds increased by £17,369 from £99.494 to £116,863 Points to note from the year are Receipts from congregational giving including income tax daims were £49,545 (£48,035 in 2024). Income from church bookings increased to £6,910 (£6,051 in 2024). Income from weddings and funerals decreased to £836 (£3,698 in 2024). Other donations were £3,788 (£6.110 in 2024). Income from the King Henry Vlll Endowed Trust was £55,321 (£53,934 in 2024). This income is restrided for furthering the religious and other charitable Work of the Church in the parish. See note 5(b) which details exactly how this grant was used in 2025. The PCC is very grateful for all Henry funding and thanks the trustees for their generosity. We are fortunate to have received a total of £25,078 from the Warwick and Budbrooke Churches Community Outreach Pool, to cover part of the salary costs for our Children & Families Worker. Building maintenance and running costs were £25,0571£24,600 in 2024). The new west doors were completed in 2025 at an estimated cost of £30,196. funded by previous donations and legacies. By the end of the year we hadn't received the final invoice so the accounts include a creditor. VAT costs will be included and hopefully can be claimed from the Listed Places of Worship Scheme which is ending in March 2026. Other charitable giving £7,000 (£7.000 in 2024). In addition to this £2,096 (£1,371 in 2024) was paid out to charities from funds raised at the Woodloes Community Café. £31,187 was paid to the Diocese (training and voluntary contribution to the support fund) (£30,304 in 2024). The Diocese receNes payment for Linda's stipend, Nl, pension and housing costs directly from the King Henry Vlll Endowed Trust. Investments The market value of the Lees Bequest decreased during the year by £2,927 to £70,280. Going Con¢ern There is no material uncertainty aboLrt the Continuation of St Nicholas, Church for the forthcoming twelve months. Independent Examiners The Treasurer thanks Joan Mlhite, for her independent examination of the accounts. Approved by the PCC on April 26th 2026 and signed on tholr behalf by Revd Linda Duckers (PCC Chair) Linda Duckers
St. Nicholas, Church, Warwick Independent Examiner's Report to the Trustees For the Year Ended 31 December 2025 I report to the charity trustees on my 6xamination of the accounts of the charity for the year ended 31 December 2025 which are set out on pages 3 to 17. Responsibilities and basi5 of report As trustees, you are responsible for the preparation of the accounts in accordan with the reqLsirements of the Charbtie5 Act 2011 ("the Act.). I report in resped of my examination of the charity's accounts camed 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 sertion 145(5){b) of the Act. Independent examinerfs statement I have cLwnpleted 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 resp8Ct." accourrting records were not kept in respect of the charity as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements conceming 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. JncLJ4 LoTrIo Joan White FCA 16 Chapel Street Warwick CV34 4HL Date
St Nicholas, Church Warwick Statement of Financial Activities for St Nicholas For the year ended 31st December 2025 Unrestricttd Design*ted Restrieted Funds Funds Funds Totsl Funds 2025 2024 Note INCOME AND ENDOWMENrs FROM: Donations and Legacies Charitable activities Other trading activities Invesknenis 4(a) 4(b) 4(c) 4(d) 57,241 59,901 80,399 7,746 3,711 68.355 88,965 9,749 5,704 80,399 7,746 1.670 2,041 TOTAL INCOMING RESOURCES 66,656 2,660 82,440 151,757 172.773 EXPENDITURE ON: Charitable activities 5(a) 70,287 32,738 62.146 165,171 186.262 TOTAL RESOURCES EXPENDED 70,287 32.738 62,146 165,171 186,262 NET If4COMINGI(OUTCOING) RESOURCES BEFORE TRANSFEILS -3.631 -30,078 20,295 -13,414 -13,488 Trnnsfers between funds 11,631 11,631 NET INCOMIIYGI(OUTGOING) RESOURCES BEFORE OTHER RECOGNISED GAINS 41,709 20,295 -13.414 -13,488 Unrealised {los%} gain on revaluation of investjnents -2,927 -2.927 1.638 Net rnovement in funds 41,709 17,368 -16,341 -11,850 BALANCES BROUGErr FOR WARD AT 1st JANUARY 2025 42,000 122,194 99,494 263,688 275.538 BALANCES CARRIED FORWARD AT 31st DECEMBER 2025 50,(K)O 80.484 116,862 247,347 263,688
St Nicholas. Church WanNick statement of Financial Position For the year ended 31st December 2025 Tot&1 Funds 2025 2024 NoÉ¢ FIXED ASSETS Tangible Fixed Assets Inv¢stments 70,280 73.206 70,280 73.206 CURRENT ASSETS Debtors Short terni deposits Cash at bank and in hand 4,762 79.051 128,830 40,395 53.088 139,409 212,642 232,892 LIABILITIES Amounts falling due withi one year io 35.575 42,411 NET CURRENT ASSETS 177,067 190,481 NET ASSETS 247,347 263.688 FUNDS Unrestricted funds D¢signated fund$ R¢stricted fixnd5 14 13 12 50,0 42,0(H) 80,484 122,194 116,862 99,494 247,347 263.688 Approved by the PCC on April 26th 2026 and signed OTh its behalf by Revd. L Du¢kers- Chair J Rogers- Treas The notes on pages 9- 17 forni part of these accounts.
St Nicholas, Church Warwick Notes to Financial Statements For the year ended 31st December 2025 I. GENERAL INFORMATION St. Nicholas. Church Warwick is a chariry registered in England and Wales with charity numb¢r 1131835 and its principle place of activity is St Nicholas, Church, St Nicholas Church Street, Warwi¢l CV34 4JD. 2. STATEMENT OF COMPLIAI¥CE The Financial Statements for the single entiry St Nicholas, Church Warwick have been prepared in &ccordance with th¢ Church Regulations 1997 as amended by the Church Accounting Regulations 2006 together with applicable Accounting Standards FRS 102 (Charities) (small) and Statement of Recommended Prnctice for Charities 2011. Th¢ rharity is a public benefit entity. 3. ACCOUNTING POLICIES Basis of Preparation The Financi81 Statementshav¢ been PT¢paTedunderthe historical cost conventionwiththe exception of fixed &tt investments which are stated at market value. The Financial Statements are prepared in stetlin& whi¢h is the functional cwrency of the entity and rounded to the nearest £. Judgements and Key Sources ofEstimatiott UDcert*inty In preparing these financial statements the tnjstees have bad to make judgernents, estimats5 aTtd &551unptions that affect the application of policies and report¢d amounts of assets. liabilities, income and expenses. Esiitnttes and associated assumptions are bd on hi5tori¢ ¢xp¢rience and various other fxtors including expectations of future eyents that are believed to be re&sonable und¢r ihe ¢1UMS1an¢Cs, however actual results may differ frotn these estitThatss. For this reporting date there are no significant judg¢m¢nts. estimates and assumptions which have a significattt risk of causing a material adjustment to the carrying alnounts of assets and liabilities. Funds General funds represent the flmds of the PCC that are not subject lo any restri¢tion5 r¢gaTding their use and are available for application to the general purposes of the PCC. Fun(L% dest8[d for a particular purpose by th¢ PCC are a]so unrestricted. The financial statemellts include all transactÈons, assets and liabililies for which tbe PCC is responsible. Incoming Resouree5 Volunlttry Income Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised onty Wh r¢¢eived. Income tsx recoverable on Gift Aid donations is recognised when r¢¢¢iv¢d. Ineomefrom inveslments Interest entitlements are accounted for as they accrue. Resources expended DonolioR Donations are accounted for wh¢n r¢¢eivryJ.
St Nicholas, Church Warwick Notes to Financial Statements (continued) For the year ended 31st December 2025 Governmenl grants Govemmerti grants are retogttised at th¢ faw valu¢ of the asset received or receivable. Gr&nts are not recognised tjrttil there is T¢OSOtLabl¢ Irat¢t that the ¢haTtty will cotttply with th¢ conditions attaching to them and thc grants will bc Te£eivcd. (iovernment grdnts are reco8nised USLn8 the acuual model and the p¢rformanc¢ mod¢l. Under th¢ acuual model. govemmeNI gnnts. relaiing to r¢venue are COgniSed on a systematic basts over the wiods in whith th¢ chatity recognises the Tclat¢d costs for which th¢ granl is intended to compen5at& Grants that are re¢¢ivable as compensatson for¢xpLn5C5 or losses ready incurr¢d or for the purposc of giving inJmLdiaie fJnanLial support (o the entity with no fulure Telated costs are recogniscd in incom¢ in the p¢riod in which it becomes Ttivable. Ilnder the perfomiance model. wher¢ ¢h¢ 8Tanl dots not Lmpose $petifJed fvtur¢ p¢rforrtLance-r¢lated clditionS on the recipien¢ L( is re¢ognised in income wh¢D the grantpro¢¢eds are trived orTeceivable. Where th¢ grantdoes ittJpos¢ specified future p¢rfomian¢t-r¢iatcd eondiiions on th¢ recipi¢nL it L5 recogThised in income only when the p¢Tfortn#nCrC1ated condilion5 have b¢¢n met. Activilies direclly rÉl&tsng lo ihe work of the church The amounts payable to the Coventry Diocesan Board of Finance (Training Share and Support Fund) are accounted for when paid. Current A&sets Amounts owin8 to the PCC at 31 DecembeT in respect of grants, rent or other income are shown as debtors. Other CUTr¢nt assets include short temi depisits and fixed term accounts with Lloyds Bank. Fixed Ass¢ts Investm¢ntS 8r¢ made up of a bequest which is held in income units in The CBF Church of England Investhient Fund. This is valued at m8rket value. Fixtures and fittings are depreciated ¢)n 4 slrdight line basis varying from three to twenty years at Tates estÉmated to write each asset off over tts useful life. Financial instruments The charity only has basic financial instrnments. Financial Ats Flnancial assets c¢)mpris¢ items such as cash at bank and in hand and trade and other debtors. These are initially recorded 81 cost on the date they OTiginate, the charity considers the evidence of Èmpairment for all individual elements comprisins rmancial assets and any subsequent impairnient is recognised in profit and loss. Financial Liabtlities Ftnancial liabilities comprise item5 such as corporation and other tsxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on th¢ date they originatE, net of transaction costs where applicable, the charity considers the evidence of the impairment for all tndividual elements compTising fillancial liabilities and any subsequent impairnjent is recognised in profil and 1055. 10
St Nicholas, Church Warwick Notes to Financial Statements (continued) For the year ended 31st December 2025 2025 Unrestrkted Restricted 2024 Total Tot41 4. INCOME AND ENDOWMENTS FROM: 4(a} Donations and Legacies Planned giving Other donationslfundrnising Donations towards S(Trund System Woodloes Commllnity Café donations Toddler Group income Messy church donations Income lax recovered- plamied giving Collections at services LPWS claims 38.791 3.788 2,660 2,097 713 89 9.834 921 E.009 38.791 3,788 2,660 2,097 713 89 9.834 921 I,009 37,963 6,110 1,363 748 9,177 895 12,000 59,901 59,901 68,355 4(b) Charitable Activities Grdnt from King Henry Vlll Endowed Trust Income from Henry Outreach Pool 55,321 25,078 55,321 25.078 53.934 35,031 80.399 80,399 88,965 4(¢) Other trading activities PCC Wedding fees Funeral fees Church bookin8S 317 519 6,910 317 519 6,910 1,878 1,820 6,051 7,746 7,746 9,749 4(d) Inv¢stsn¢nts Inv¢slm¢nt in¢¢)me 1,670 2.041 3.711 5,704 TOTAL INCOMif4G RESOURCES 69,316 82,440 151,757 172.773
St Nicholas. Church Warwick Notes to Financial Statements (continued) For the year ended 31st December 2025 2025 Unrestrleted Restrieted 2024 Tiytal Totsl 5. EXPENDITURE ON: 5(a) Charitable Activities Contribulion to Diocese Support Fund Contribution Dioces8n Trntning Share Clergy expenses Church maintenance & rnnning costs West doors Northside stonework New Boiler Chancel Roof Children & Families Worker Children & Families Worker ¢xpenses Independent examinats.on costs Music costs Worship expense5 New S9und System Office costs Insuran¢e Children's Ministy Messy Church costs Youth Giveaway Pause in the Park ECO Church Ministy costs 15,501 15.501 15.686 1,153 24,327 30.I96 13,913 16,391 1.244 24,600 2,827 4.961 73,854 15,686 1,153 19.772 30.196 4.555 730 3,635 30,487 730 3,635 30,487 87 500 4,652 1.413 2.542 11,864 6,979 1,606 2,141 816 19 177 1.563 9,440 98 500 4,187 1,546 87 500 4.652 I,413 2.542 8.964 6,979 1,606 2,900 12,356 7,127 1,559 1,139 516 2.141 816 19 177 260 1,307 1,563 Charitable Donations from St Nieholas Myton Hospice Bible Society Scripiuie Union Church Mission Society CPAS Home for Good Friends of Kijabe National chUhe$ Trust Blood Bikes New Chapters Friends of the Holy Land Rethink Mttting of Minds St Mungo's Teal Fund MU Homeless Project St Luke's Healthcare for the Clergy A Rha British Polio Fellowship 1,000 1,500 1,000 1,000 i.(M)o 900 900 900 900 750 500 250 200 200 loo 100 100 loo 100 900 900 900 750 500 250 200 200 100 .250 250 loo 100 100 750 150 100 12
St Nicholas, Church Warwick Notes to Financial Statements (continued) For the year ended 31 st December 2025 2025 Unrestrieted Restrleted 2024 Tot41 Total CharitAble Donations from Woodloes Community Caré Esther Project Family for Every Child Smallpeice TnL8t RNIB 245 236 214 213 211 245 236 214 213 211 Rugby for Heroes Mouth Cancer Foundation Myton Hospice MyAware Way Ahead Age UK Roy Castle Lung Foundation National Autistic Society Salvation Arn)y Spear MDNA 175 175 171 161 144 135 161 144 li5 168 160 160 150 142 Fellowship Afloat RNLI 129 Hearing Dogs Yellow Wellies The Fluency Trnst Ripple Effect 126 123 113 loo Total Charitsble Activtties 103.025 62,146 165,171 186.262 5(b) Use of King Henry Vlll grants in 2025 Contribution to Diocesan Training Share Children & Fainilies Worker CV34 Charitsble dO[tionS Messy Church Outreach Chancel roof New boiler relenlioTh payment For community use of building (energy. cleaning. administration) 15,686 4,817 I,IM)O 2.141 1,012 3.635 730 7,455 36,476 S{c) Use of King Henry Vlll Outreach Pool Funding Children & Families Worker 25.078 25.078 13
St Nicholas, Church Warwick Notes to Financial Statements (continued) For the year ended 31st December 2025 6. STAFF COSTS AND RELATED PARTY TRANSACTIONS The averdge number of ¢mployees was 3 (2024: 3} for the year. The c05t of their employment was £41,304 (2024.. £21.275). Social security costs were £2.735 (2024.. £752). No employee was paid more than £60,0(M). Working expenses were paid to Revd Linda Duck¢rs and Ellie Wellicome. 7. ANALYSIS OF NET ASSETS BY FUND Total FndS Tot¥41 Fund$ 2024 Unrestrietsd Designated Restricted Funds Fullds Funds 2025 Fixed 8ss¢ts Current ass¢ts CuTrenl liabilities 70,280 70.280 46,583 212.642 -35,575 73.206 232.892 42,411 85.575 -35,575 80,484 Fund balance 50,(MJO 80.484 116,862 247.347 263,688 Restricted funds made vp of- Lees Bequest £98,018 (£27,378 of this is accwnulated interest) Unspent Henry funding £18,845 Unspent Henry Outreaeh Pool £0 DeSiEnated fullds mAd¢ up of: Mission reserves £lO,I)00 Building reseryes £70,484 8. FIXED ASSETS COST Fixtures abd Fittings Total At 3 1.12.24 and 31.12.25 6,106 6,106 DEPRECIATION At31.12.24 6,106 6,106 Charge foryear At31.12.24 6,106 6,106 NET BOOK VALUE At31.12.24 At31.12.25 14
St Nicholas, Church Warwlck Notes to Financial Statements Icontinued) For the year ended 31st December 2025 9. DEBTORS 2025 2024 Other debtors 4,762 40,395 4,762 40,395 10. CREDITORS: AMOUNTS FALLII¥G DUE WITHIN ONE YEAR 2025 2024 Other creditors 35.575 42,411 35,575 42,411 I I. INVESTMENTS 2025 2024 Market Val¥Je at l Jan 2025 Net Gainl{L05s) on r¢valuation 73,206.47 -2,926.65 71,568 1,638 Market Value at 31 Dec 2025 70,279.82 73,206 12. RESTRICTED FUNDS Restricted funds comprise the Lees Bequest and income from The King Henry Vlll Endowed Tnjst Fund movements during the year. King Henry vIii Projtet Potsl King Henry viiI Trust Total est Opening Balances 31112124 99,494 591 98,903 Incoming Resources Resources Expended Invcsttncnt Gain 82,440 -62,146 -2,927 55.321 -36,476 25,078 -25,669 2.041 -2,927 Closing Balanees 31112ll5 116,862 1&845 98.018 The Lees Bequest consists of shares held in The CBF Church of England Invesknent Fund, the annual income of which can b¢ used fr>r the repair or improvemeni of th¢ fobFl¢, filture, ffftings or ornaments of St Nicholas, Church at the discretion of the Vicar and Church Wardens. 15
St Nicholas, Church Warwick Notes to Financial Statements {continued) For the year ended 31st December 2025 13. DESIGNATED FUNDS Designated ndS have been set aside out of unrestricted funds by the ttustees for outreach in the parish and for m85ntaining the building. Optning BxlaTheu 31112124 122,194 Incovning Resources Resourc Expended Transfer between funds 2.660 -32,738 -11.631 Closing Bajanceg 31112125 I4. UNREsfRicfED FUNDS Opening Balanees 31112124 42,000 Incoming Resources Resources Expended Transfer between ndS 66,656 -70.287 Closing Bai*ncfs 311A2llS 15. KING HEI¥RY VIII ENDOWED TRUST The church És one of five in Warwick and Budbrooke thal is the recipient of annual payments from the TrnsL which was set up in 1545. The amount to be paid kn the Church is Set out in the Trust's S¢h¢m¢, which is approved by the Charity Commission. All payments are Restricted and can only be used for the preribed purpose for whi¢h they are given. The five Angli¢an churches receive s/ of the TNst's net distribution and thi5 amount is allocated in accordanoe with the S¢h¢m¢. From this, paym¢nts are fwst allOced for the payment of stipends, pensions and housing costs for noTninated clergy withiD the five parishes. The balance is theD allocated io the PCCS and the Warwick and Budbrooke Churches Community Outreach Pool. The PCC allocation can only be used for rthering the religious and other charitable work of the Church of En8laTtd in the five wishes. The allocation for StNicholas was £55.321 in 2025. 16
St Nicholas, Church Warwick Notes to Financial Ststements (continued) For the year ended 31st December 2025 16. PAYMENTS TO THE DIOCESE Payments are made by The Trust to the Diocese to tover the stipends, pension and housing costs for Linda Duckers and the5¢ att recorded in the Diocesan accounts. The payment io the Diocese from St Nicholas is in addition to ihe payment from Th¢ Trust and is made up of a contribution to the Support Fund (a5SiSting other parishes in the Diocese) and for Diocesan training ¢osts'. 2025 2024 Stipend, pensio Nl and housing costs 51,602 49,497 Paid by King Henry Vlll Trusi Contribution to the Diocese Ctraining Fund) 15,686 16,391 Paid by St Nicholos Contribution to th¢ Di¢5¢ (Support Fund and Lkanery costs) 15.501 13,913 Paid by St Nichol&s Total received by the Diocese 82.789 79.801 17. INDEPENDENT EXAMINERS REMUNERATION 2025 2024 Fees payable to Independent Examiner for. Independent examination of the financial statements 500 500 500 500 I& OPERATING LEASE COMMITMENTS A new photocopier lease started in 2024. The total minimum lease payments under this non-cancellable operating lease are as follows: Actual cost £313.59 £684.00 £736.32 £736.32 £736.32 £475.05 £3,681.60 Remaining cost £3.368.01 £2,684.01 £1,947.69 £1,211.37 £475.05 £0.00 2024 2025 2026 2027 2028 2029 Total including VAT 17