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 Se￿1￿$ 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 servI￿s.
Review of the year
The full PCC met 10 times during the year and a majority of the members y￿re present at each meeting.
Committees met be￿een 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
Noɢ
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 b￿d on hi5tori¢ ¢xp¢rience and various other fxtors including expectations of future eyents that are
believed to be re&sonable und¢r ihe ¢1￿UMS1an¢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¢
I￿rat￿¢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 T￿tivable.
Ilnder the perfomiance model. wher¢ ¢h¢ 8Tanl dots not Lmpose $petifJed fvtur¢ p¢rforrtLance-r¢lated cl￿ditionS 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#nC￿rC1ated 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 A￿ts
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 chU￿he$ 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 R￿ha
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
F￿ndS
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¢, fi￿lture, 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 pre￿ribed 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 allOc￿ed 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