REGISTERED CHARITY NUMBER: 1131070
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
sr. MARY'S CHURCH. CHIPPING NORTON PCC

ST. MARYS CHURCH. CHIPPING NORTON PCC
CONfENfs OF THE FINANCIAL STATEME1￿5
FOR THE YEAR ENDED 31 DECEMBER 2025
Reference and Administrative Details
Reportof the Trustees
Independent Examinerfs Report
Statement of Financial Attivities
Balance Sheet
Notes to the Financial Statement5
8-22

ST. MARY'S CHURCH, CHIPPING NORTON PCC
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 20Z5
TRVSTEES
Mrs K Beddall
Mr T Bodeker
Mr5 D Butler Iresigned 30 March 20251
Mrs L Carpenter
Mr M Carpenter
Mrs Y Champion
Mrs C Clinch lappointed 30 March 20251
Mr K Fowler
Mrs J M Graves
Rev l E Kennedy
Mr G A Povey
Mrs V fvlartin
Mr B Rees
Ms N Riley
Mr A Rit5peris
Mr O Shaw (appointed 5 July 20251
Rev M White (resigned 28 December 202SI
Mr P AJ Williams Iresigned 30 March 20251
MrTWoolcock
Fiona Yc¢ung lappointed 30 March Z0251
PRINCIPAL ADDRESS St Marfs Church office
The 8ranch
16 Market Place
Chipping Norton
Oxforilshire, OX7 SNA
REGISTERED
CHARFfY NUMBER
1132070
INDEPENDENT
EXAMINER
Frank Harper ACMA
Ashlea Solutions Ltd
Falmoor
29 Meriden Road
Hampton in Arden
892 OBS

ST. MARY'S CHURCH. CHIPPING NORTON PCC
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their report with the finantial statement5 of the charity for the year ended 31
Decernber 2025. The trustees have adopted the provision5 of Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l January 20191.
OBJECtIVES ANO ACllVITIES
Aim and Purposes The objectives of the PCC are to promote in the ecclesiastical parish the whole
mission of the Church.
Objectives and activities
Family Being 3 true and lively f3rnily is Important to us- a whole family in vnity, Wlth people of all
ages embraced and valued. Like any family. we have fun together. and to invest in friendship and
relationship with each other. We also recognise and celebrate our belonging within the wider
Church. working together with other denotnination5 a5 much as we can, and drawing strength from
Our own placÈ a5 Part of the Oxford Diocese, in the Church of England.
Nurture Families Ca￿ for each other. At St. Mary'5 It is no diffe￿￿t. We take our responsibilities
seriously to share what we have whenever we perceive a need. We seek alway5 to 5UPPOrt and
encourage one another, extending God's grace practically by caring for each other, listefting, and
bringing strength to each other however we can.
Growth We want 5t. Mary'5 to be a place where people are alw3ys growing spiritually- through
faithful Bible teaching, training. and exercising faith, through obedience, surrender and through
commitment to serve.
Communlty Our place in Chipping Norton is to love our whole community. and to be found at the
heart of our community. We are called to be an outward focused church, reaching out whenever we
find doors opening.
Witness We desire to Sha￿ the good news of jesus. proclaiming it afresh to each generation here in
our local cornfflunity and playing our part in taking the good news to all Corners of the world so that
we can share in the joy of seeing lives changed by his life-giving love.
service At 51, Mary'5 we are uniquely placed to know and to serve our whole community and 50 we
actively seek to step out constantly in compassion. coming alongside the lost and the vulnerable, no
longer living for our5elve5, but for the one who died for us.
ACHIEVEMENT AND PERFORMANCE
Charltsble activitie5
For a review of our achievements and performance during 2025 please refer to "Annual Report
2025"

ST. MARY'S CtrIURCH. CHIPPING NORTON PCC
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
FINANCIAL REVIEW
Summary
The principal Sources of funding are the sacrificial giving of the congregation together with some
external grants. The total unrestricted and restricted donations for the year excludbng that given as
part of a gift day was £268.90512024-£263,7641. Total planned giving increased by 3% from
£147,132 in 2024 to £151,777. The response tr) the gift day hèld in 2025 wa5 wonderful. resulting in
donations and gift aid in 2025 of £51,898.
General fund income in 2025 was £228,96212024-£213,0331 and expenditure was £161,06812024-
£185.4061. A further E102.97812024-£99.0681 was received for specific purposes i.e. restricted lund5
including the building to serve project which 3ccounted for £32,51612024-£51,3371 of this rÈstricted
income. Together with the donations raised in response to the gift day, total income for the year was
£385,635, up frorrb £314,876 in 2024.
Grants and other income
Grant5 received this wear of £41,93512024.' E25,79ZI have been invaluable and have contributed to
the cost of our children and youth ministry and to our CAP work. We are grateful to Chipping NorEon
Area Chri5tJan Trust ICNAcfi. Oxford Good Stewards Trust IOGSTI, Oxford Diocese. Glyme Hall
Management Trust and the Chipping Norton Community Church which jointly fund5 the work of CAP
in Chipping Norron and across the local area.
In a hugely exciting initiative, we are setttng up a new Healthy Ageing Hub with the 5UPPOrt of the
University of Oxford. We received a first instalment of £39,500 from the University in December
2025, this 15 the first instalment of a 3-year grant for £243,967. This grant will be recognised over the
period of the Pfojert.
Tot31 expenditure was £285,723, £32,527 lower than the £318,250 spent in 2024 largely due the
payment to the branch from the Building to Serve fund being f 11,950 in 2025, down from the
£43,900 paid in 2024. Excluding these payments. expenditure in 2025 was £273.77312024-
£274,350).
Staff costs fell slightly this year to £73,10912024-£84,4361 due tu the Teaching Pastor leaving in July
2024. The Parish Share increased slightly to £66,632{2o24￿66.I6l).
At 31 Decembèr 2025, total funds stood at £298.08012024.. 1198,1681, rnade up of Ltnrestricted
funds of £172,08912024'. £102,S781 and reslricted funds of £12S,99112024.. £95.5901.
Reserves policv
The charity considers that it Is not necessary to hold a set level of Teserves as the charity's ongoing
activities can expand or contract in line with the standing orders. donations and grants available.
Should an unusual obligation arise, the Trustees are confident that sufficient funds can be 50ught
from congregation mernbers and from grant income, therefore, all thÈ fund5 held are available to be
used for the charity's activities.

ST. MARY'S CHURCH, CHIPPING NORTON PCC
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
Fixed Asset
There is an equity share agreement in place over a re5identi31 property in Chipping Norton used to
house clergy. The property was bought in 1992 at a cost of £58,500 and the PCC paid £18,500 for an
equity share in this property. The remaining £40,000 was paid for by the Church Commi55ioners
Ljnder the terms of an equity share agreement. The PCC pays interest in respect of thi5 agreement.
Fundraising
The church family is encouraged to support the ministry of the church by regular giving The church
also hold5 gift days. On and around gift days, teaching include5 discussion of the role of generosity
and giving of time, resources and financially within Christièn discipleship, New members are also
encouraged to commit to regular giving. A key principle of Biblical teaching is that giving should be in
proportion to mean5. This is emphasi5ed in the teaching and donations are ha ndled with
confidentiality. There are occasional special collections for specific events or particular needs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an
unincorporated charilv.
Charity constitution
The PCC is an unincorporated charity, having registered with the Charity Commission on 9 October
2009.
Induction and training of new trustees
The method of appointment of PCC members is set out in the Church Representation Rules. At St.
Ma ry's the membership of the PCC consists of the incumbent lour vicarl, churchwardens and
rnembers elected by those members of the congregation who are on the Electoral Roll of the church.
All those who attend our services are encouraged lo register on the Electoral Roll.
The PCC members are responsible for making dècisions on all matters of general concern and
importance to the parish including deciding how the fund5 of the PCC are to be spent. New members
receive initial training into the workings of the PCC.
Approved by order of the board of trustees on 18th March 2025 and signed on its behalf by:
Rev J E Kennedy- Trustee

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
ST MARYS CHURCH, CHIPPING NORTON PCC
Independent examiner's report to the trustee5 of St. M•ry'5 Church, Chipping Norton PCC
I report to the charity trustees on my exarnination of the accounts of St. Mary's Church, Chipping Norton
PCC (the Trust) for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the p￿paratIOn of the accounts in accordance
with the requirements of the Charities Act 20111'the Art'l.
I report in respect of my examination of the Trust'5 account5 carried out under Section 145 of the Act and
in carrying out my exarnination I have folitswed all applicable Directions given by the Charity Commission
under Section 14515llbl of the Act.
Independent examiner's 5tstement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examination because l am a member of the Chartered
Institute of Management Accountants which is rjne of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination givin8 me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Aet. or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts Set out in the Charities IAccounts and Reports) Regulations 2008 other than anv
requlrement that thè 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 repo
n order to enable a proper understanding of the accounts to be
reached.
Frank HarperACMA
A5hlea Solutions Ltd
Falmoor
29 Meriderb Road
Hampton in Arden
B92 OBS
Date: 18th March 2026

ST MARYS CHURCH. C+IIPPING No￿oN PCC
rATEMEfiT OF FINANaAI AcnvrriES
FOR THE YEAR ENDED 31 OÉCEMBER 2025
31.ll.25
Totsl
nds
unfes￿rted Re5blctod
fvnds
nds
Notes
Tot31 funds
Incoming rnsources
Income fiDm.'
Donations. grants & legac1￿5
Charitsble activities
Investments
261,971
14,560
6.126
100.767
1,039
1,172
362.738
15599
7,298
289,556
20,672
Totsi
282.657
102,978
385,635
314,876
Rtsource5 tKpended
Expenditure on:
Charitablt acti¥6tte5
W015hip
Community
Mission
Support costs
Total
20,556
22,803
Z5,905
143.B82
213.146
1,017
S￿63
34,681
31.016
72577
21,573
28,666
60,586
174,898
285.723
24,426
36380
86,246
171.198
318.250
NEf INC&MV
IEXPENDMJRE)
99,912
13,3741
69,511
30.401
Trnnsfers between funds
Net mty4Ement In funts
69.511
30.401
99.912
{3.3741
RECONaUATION OF FUNDS
Totsl fijnds broughtforyRrd
102.578
95,5
198.618
201,542
YOTAL FUNDS CARRIED FORWARD
172,089
125,991
298.080
198,168
The notes form part of these financtal statements.

ST MARYS CHURCH, CHIPPING NORTON PCC
BAL4NCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricted
funds
Restrirted
funds
31.12.25 31.12.24
Total
Total
funds
funds
Note5
FIXED ASSETS
Tangible assets
18,500
18,5
18,5
CURRENT ASSETS
Debtor5
Cash at bank and in hand
Total current assets
7,605
194,515
202.120
7,605
320,506
328,111
764
125,991
125,991
187,620
188,384
CREDITORS
Amounts falling due within one year
148,5311
0 148,5311 18,7161
NET CURRENT ASSETS
153,589
125,991
279,580
179,668
TOTAL ASSETS LESS CURRENT LIABILITIES
172,089
125,991
298,080
198,168
NET ASSET5
172,089
125,991
298,080
198,168
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
172,089
125,991
298,080
102,578
95,590
198,168
The financial statements were approved by the Board of Trustees and approved for issue on 18, March
2026 and were signed on its behalf bv..
18 March 2026
Rev J E Kennedy- Trustee
th March
M r5 K Beddall Trustee
The notes form part of these financial statements.

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
I. ACCOUNTING POLICIES
Basis of pTeparing the financial statements
The financial statements of the ch3rity, which 15 a public benefit entity under FRS 102, have been
prepared in accordan￿ with the charities SORP IFRS 1021 'Accounting and Reporting by Charitie5".
ststerrent of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021
leffective I january 20191,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the charities Act 2011. The financial 5Latefflents
have been prepared under the hi5tDrical cost convention.
The Trustees consider that there 3re no material uncertainties related to events or condition5 that
cast sIg￿lf[¢snt doubt on the charity's ability to continue as a going concern.
lrtcome
All income is recognised in the St3tement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be receivèd, and the an)ount can be measured reliablv.
Donation5 are ineluded in full in the statement of Financial Artivities on their receipt. Grants with no
performance-related condttions are recognised as income when they are receivable. Income from
grants subject to perforrnance-re13ted conditions is recogni5ed when the relevant conditions are
met. Part or the whole of any grant received in advance of performance related conditions not
having been rnet will be recorded as defèrrèd income on the balance sheet.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift
Aid amount recovered on a donation 15 considered to be part of that gift and is treated as an addition
to the same fund as the initial donation unless the donor or the terms of the appeal have specified
othenvise.
Interest is included in the accounts when re￿ipt is probable, arnd the amount receivable can be
measured reliably. The value Of help given by volunteers received 15 not refleded in the financial
Statements but is descrlbed in the tfU5tee5' annual report.
Expenditurè and liabilities
Liab41ities are recogni5ed as expenditure a5 soon as there is a legal or construrtive obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably.
Support costs are those funetitsns that assist the work of the charity but do not directly undertake
charitable 3rt1Vlties. These costs have been 8llocated to activity cost categorie5 in proportion with
direct expenditurÈ on charitable activities (Èxcluding exceptional items).
Creditors are rnea5ured at settlement amounts. Grant income received in advance of performance
related conditions having been met are recognised 35 deferred income.
Tangible fixed assets TaDgib1e fixed assets are valued at cost. They are capitalised if they can be used
for more than one year and cost at least £l.000.
Taxation The charity is exempt from tax on its charitable artivitie5.
The notes form part of these financial 5tstements.

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
I. ACCOUNTING POLiaES- tontinued
Fund acwunting Unrestrirted funds can be used in accordance with the charitable objectives at the
discretion Df the trustee5. Designated funds are unrestricted funds which have been allocated for
future expenditure for a specific purpose by the PCC.
Restricted funds are subject to specific conditions imposed by the donor5 or by terms of an appeal,
these conditions being legally binding on the PCC.
Fund accounting Further explanation of the nature and purpose of each fund is included in the r)ote5
to the financial statements.
CHARITABLE AcfiviTIES
31.12.25 31.12.24
Hire of church building
ire of parish room5
Hire of 137 Corntsh Road
1,794
4.101
1,361
1,443
212
1,351
2,529
6,092
1,740
18
The Branch Reimbursed expenses
Coffee5, lunches etc
Women's events
Children and Youth events
Pccfees
799
2,137
3,752
4,782
3,679
481
Other income
15,599
20,672
INVESTMENT INCOME
31.12.25
31.12.24
Bank interest re￿]vable
7,298
4,648
TRUSTEES. RENUMERATION AND BENEFITS
No member of the PCC received any renumeration tor their role on the PCC. The
lergy, who are ex officio members. and a member ol staff who also seNe5 on the
PCC, receive a stipend or equivalent but are not remunerated for theii servi¢e5 on
the PCC.
The note5 form part of these financial Statements.

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIALSTATEME￿S
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPARAnvES FOR THE STATEME￿ OF FINANCIALACTIVITIES
Year ended 31.12.24
Vllrestricted Restricted
funds
funds
Total
Funds
INCOMEAND ENDOWME￿5
Donations and legacies
Gharitable activitles
Invesrment income
TotaL
199,832
15,764
212
89,724 289,556
4,908
20,672
4.436
99,068 314,876
215,808
EXPENDMJRE
Charitablè actlvltles
Worship
Community
Mission
21,883
30.393
18,616
145,260
216.152
2,543
24,426
5,987
36,380
67,630
86,246
25,938 171,198
102,098 318,250
Support costs
Total
NEf INCOMEIIEXPENDITURÉI
Transfer5 between funds
Nel movements in fund5
13441
14,0261
14,3701
13,0301 13,3741
4,026
996
13,3741
RECONCIUATIONOFFUNDS
Totalfunds brought forward
TOTAL FUNDS CARRIED FORWARD
106,948
102,578
94,594 201,542
95,590 198.168
TANGIBLE FIXED ASSErs
Freehold
Property
COST
At I january 2025 &
31 December 2025
18,500
N￿BooKVALUE
At I january 2025 &
31 De¢ernber 2025
18,500
The notes form part of these financial statements.
io

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL sTATEmE￿r5
FOR THE YEAR ENDED 310ECEMBER 2025
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.25
31.12.24
Trade debror5
Accrued incorne
1.177
4.462
1,966
7,605
764
Prepayments
other debtor5
764
CREDITORS:AMOUNTS FALLING DUEWITHIN ONEYEAR
31.12.25
31.12.24
Trade creditors
Deferred illcome
Accruals and other liabilities
6.323
38,793
3,415
48.531
6.642
2,074
8,716
MOVEMENT IN FUNDS
Net
Trar)sfer
between
Fund5
At
movement
in fund5
At
1.1.25
31.12.25
General fund
28,724
65,685
122,5661
71,843
Designated
137 Cornish Rd
Equipment
Gift Day
Missions
New Ground
Outreach
Projects
Vicar's Fund
Worship pastor
Youth
18,500
523
18,500
523
23,387
20,945
751
25,072
19,526
363
1,009
8,578
27
23,315
117,2241
11,1121
11,3811
125,0001
18,643
1,500
1,000
1,423
628
Jo,000
256
229
25,QOO
25,000
256
256
73,854
3.826
22,566
100,246
Total Unrestricted funds
102.578
69,511
172,089
The notes form part of these financSal statement5.
li

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MOVEMENT IN FUNDS- tontinued
Net
Transfer
between
Fund5
At
1.1.25
movement
At
31.12.25
in funds
Unrestrirted fund5 blforward
102,578
69,511
172,089
Restricted funds
2,422
207
12451
2.177
207
Bereavement
Big Give
Building Church
Building Project
CAP
406
14061
368
4,232
33,206
7,882
1,413
7,809
14,6001
4.720
298
20,376
11,7911
337
14811
18,480
337
58,3D2
6,389
1,750
7,328
18,920
Children & families
Clergy & WDrship
CNACt grant
Envision ITÈchl
Fabric
Flower Fund
Friends of St Mary'5
Fuel Poverty
Green Templeton
Kintsygi Hope
Kitchen
149
loo
1,530
12641
1,630
147
411
10,209
4,879
13,848
298
120
10.209
924
9,786
13,9551
14,0621
12981
11201
Living Stone5
Men United
Minis
Outreach
Remix
Remix 5106 Theatre
Youth
533
533
220
220
62
1121
409
62
12
330
739
1,560
4,904
95,590
1,560
4.622
125,991
12821
30,401
TOTAL FUNDS
198,168
99.912
298,080
The notes form part of these financial statements.
12

ST MARYS OIURCH, CHIPPING NORTON PCC
NOTES TO THE FINANOAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MOVEMENT IN FUNDS. continued
Incoming
resources
IResources
Expended)
Movement
in funds
Unrestrirted funds
General fund
228,962
1163,2771
65,685
Designated
Gift Oav
Missions
New Ground
Outreach
Projects
Vicar'5 Fund
53,070
129,7551
117,2241
11,1121
11.7411
23,315
117,2241
11,1121
11,3811
360
265
1361
149,8691
229
53,695
3,826
Subtotal carried forwards
282,657
1213.1461
69.511
The note5 form part of these financial ststements.
13

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCJAL STATEMENTS
FOR THE VEAR ENDED 310ECEMBER 2025
MOVEMENT IN FUNDS- continued
Incoming
resources
Re50urcÈs
Movement
in funds
expended
Unrestrirted furtds b/foFward
282,657
1213,1461
69,511
Restrlcted funds
Bells
Big Give
Building Church
Building Project
CAP
Child￿n & familles
Clergy & WOT5hip
CNACT grant
Development Fund
Envision (Tech)
Fabric
348
15931
14061
12451
14061
368
20,376
11,7911
337
14811
18,480
368
32,516
9,998
1,537
1.375
23.680
3,937
1,375
3,155
112,1401
111.7891
11,2001
11,8561
15,2001
13,9371
11,0381
11,6251
12641
16,4451
14,5621
17071
14381
12931
13,4281
16,0251
110,6311
172,5771
337
1,530
12641
13,9551
14,0621
Flower Fund
Fuel Poverty
Green TÈmpleton
Healthy Aging Hub
Minis
Outreach
RemTX
2,490
soo
707
500
62
281
3,837
6,025
IU,349
ID2,978
409
Restrirted rni55ion giving
Youth
12821
30,401
TOTAL FUNDS
385,635
1285,7231
99,912
The notes form part of these financial statements.
14

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
9. MOVEMENT SN FUNDS- continued
Comparative5 for movements in f￿ndS
Net
movement
in funds
Transfer
between
Asat
Asat
1.1.24
Fund5
31.12.24
Unrestrirtèd funds
General fund
137 Corr)ish Rd
Equipment reserve
Gift Day
John Energy
Missions
New Ground
Outreach
20,802
18,500
1,726
33,445
4,112
19,361
93
224
8,578
107
27.627
119,7051
28,724
18,500
523
11,2031
18,3731
25,072
14,1121
15,605
1.800
2,130
115,4401
11,5301
11,3451
19,526
363
1,009
8.578
27
256
Projetts
Vicar's Fund
Youth
1801
256
14.0261
106,948
1344)
102.578
The notes form part of these financi21 statements.
15

ST MARYS CHURCH, CHIPPING NORTON PCC
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9. MOVEMENT IN FUNDS. continued
Comparative for movement in funds.. -
Transfer
between
funds
14,0261
At
1.1.24
106,948
Nét movement
in funds
13441
At 31.12.24
ia2,578
Unrestricted funds blforward
Restricted funds
Be115
8ereavement
Big Give
Building Church
Building Project
CAP
Children & families
Clergy & Wofship
CNACT grant
Development Fund
Envision (Tech)
Fabric
Flower Fund
Freedom
Friends of St Mary's
Fuel Poverty
Green Templeton
Kintsugi Hope
Kitchen
2.125
207
2.946
4,112
25,769
5,483
875
297
2,422
207
406
4,232
a3.206
7.882
1.413
7,809
12.1801
120
7.437
11,7131
538
13601
4,112
250
137
542
231
750
303
15421
1821
6.809
149
loo
11301
15,6151
10.209
12,4931
13,8471
12101
411
541
5,615
10.209
4,879
13.848
298
Izo
7,372
17,695
148
120
35
360
13SI
Living Stones
Men United
Mini5
Outreach
Remix
Remix $106 Theatre
Teaching Post
Youth
Youth trip
533
533
220
315
144
1951
11441
11621
50
12
330
1.560
174
280
1,560
8,601
8,440
244
11,7921
13,5361
11581
13,0301
16,8091
1861
4,026
94.594
95.590
TOTAL FUNDS
201,542
13.3741
198,168
The notes form part of these Financ￿31 statefnents.

5T MARYS CHURCH, CHIPPING NORTON PCC
NOTE5 TO THE FINANaAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
9. MOVEMENT IN FUNDS- contlnved
Comparative net movements in fund5, included in the above are as follow5."_
2024
Incoming
Resource5
Resources
Expended
Movement
in funds
Unrestricted funds
General fund
Equipment
Gift Day
Mission5
New Ground
Outreach
Vicar'5 Fund
213,033
1185,4061
11,2031
111,1481
115,4401
11,5301
11,3451
1801
1216,352
27,627
11,2031
18,3731
115.4401
11,5301
11,3451
1801
344
2,775
215,808
The notes form part of these financial statements.
17

ST MARYSCHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9. MOVEMENT IN FUNDS- contlnued
Comparative net movement in fund5, included in the above are as
follows".
2024
Movement
In funds
Incoming
Re50UTces
Resources
Expended
Unrestiirted funds blforward
215,808
1216,1521
13441
Restrirted funds
302
297
12,1801
120
Big Give
Building Church
Building Project
CAP
Children & farnilies
Clergy & worship
CNACt grant
DÈvelopment Fund
Envi5i0n ITechl
Flower Fund
12,1801
120
51,337
6,469
1.438
750
143,9001
8,1821
19001
7,437
11,7131
538
750
8,280
4,847
17.9771
15,3891
1821
11301
15,6151
12,3041
16,2711
13.8471
12101
11,0851
1951
11441
19251
11.1041
12,6121
14,2841
14,8571
1102,0981
303
15421
1821
11301
15.6151
10,209
12.4931
13,8471
12101
1351
1951
11441
11621
50
11,7921
13,5361
11581
13.0301
Freedom
Friends of St Mary's
Fuel Poverty
Green Templeton
Kintsugi Hope
12,513
3,778
1,050
Men United
Minis
Outreach
763
Remix
1,154
820
Teachrng Post
Youth
Youth trip
748
4.699
99,068
TOTALFUNDS
314,876
1318,250
13,374
The notes form part of these financial st3teFnents.
18

ST MARYS CHURCH, CHIPPING NoKfoN PCC
NOTES TO THE FINANaAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9. MOVEMENT IN FUND5-
contlnued
Detsils ot the purpose of the ¢harityftJnds are as follows...
Unrestrlcted tunds
137 Cornlsh Rd
Equipment
Gift Day
Mi55ions
New Ground
Outreach
Projerts
Vicar's Fund
Worship Pastor
Youth
Residential building
Set asidè to replaee equipment
Fundr3ising for church and community projects
For missions work
Supporting local coffee business working with ex-offenders
Local outreach
Special projects
To be used at VTcar's dlscretion
To be used to fund v40rship pastor role
Youth projects
The notes form part of thèse financial gtstements.
19

ST MARYS CHURCH. CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9, MOVEMENT IN FUNDS- continued
Detai15 01 the purpose ol the charity funds are 8$ follows..
Restricted funds
To be spent on bells
Bere2vement support
Big Give campaign aims
To be spent on building project
To be spent on Building to Serve projerts
Support ministry aiming to release pèople from poverty ICAPI
Children and families rnini5try work
For clergy and worship activities
For youthlchildren
Grant for youth and children's workers
For Improving technology at church
Church fabric fund
Forflower5
For discrete fabric purposes
Energy crisis fund
Support medical student
For Healthy A8inE Hub
Give Hope campaign grant
For kitchen improvements
CAP Life5kills
Restricted to tiving Stones
For men's mini51ry
For minis toddler group
For local outreach
For Remix youth group
Remix s106
Grant from Chipping Norton The3tre for Youth Club
Restricted mission5 giving For mi5%ions
Youth
Forytsuth work
Bereavement
Big Give
Building Church
Building Projert
CAP
Children & families
clergy & worship
CNACT grant
Development Fund
Envision (Tech)
Fabrie
Flower Fund
Friend5 of St Marys
Fuel Powerty
Green Templeton
Healthy Aging Hub
Kintsugi Hope
Kitchen
LifÉ Ski115
Living Stones
Men United
Minis
Outieach
Remix
The notes form part ot these financial statements.
20

ST MARYS CHUROI. CHIPPING NORTON PCC
NOTE5 TO THE FINANOALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 20Z5
10. CHURCH WORKERS PENSIONS FUND ICWPFI
St Marys Church p3rtlClP3te5 in the Pension Builder Scheme section of CWPF for lay Staff. CWPF is
administered by the Church of England Pensions Board, which holds the CWPF assets separately from those
ot thè Employer and other participating employers.
CWPF has two sections=
the Defined Benefits Scheme
the Pension Builder Scheme, which has two subsertions,.
a deferred annuity section known as Pension Builder Classic, and,
a cash ba13nce section known a5 Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Cla55ic provide5 a pension, accumulated from contributions paid and converted into a
defÈrrÈd 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 investment returns and
other factors.
Pension 8uilder 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 retiremenr, depending on invÈstment return5 and other fa£tor5. The
account, plus any bonuse5 declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each sertion of thè Pension Builder Scheme.
rhe scheme is considered to be a multi-employer scheme as described in Secbon 28 of FRS 102. This is
because it is not possiblÈ to attribute the Pension Builder Scheme'5 assets and liabilities to specific
employers and means that contributiorts are accDunted for as if the Scheme were a defined contribution
schème. The pensions costs charged to the Statement of Financial Activitie5 in the year are the
contributions pay3ble12025." £2.430, 2024.. £2.4271.
A valuation of the Pension Builder Scheme is carried out once overy three years. The most re￿nt valuation
wa5 carried out as at 31 DÈcomber 2022.
For the Pension Builder aa55iC Section, the valuation revealed a surplus of £34.8m on the ongoing
assumptions used. At the m05t recent annual review effertive l January 2026, the Board chose to grant a
d55cretionary bonu5 of IN to both pensions not yet in payment and pensions in payTnent in respect of
service prior to April 1997- and a bonus on pensions in payment respect of post April 1997 s&rvice so that
the pension increase was also Ioh (where usually it would be calculated based on inflètion up to an annua1
cap of SOA for pensions in payment in respert of service prior to April 2006 and 2.5% for pensions in
payment in respert of seryice port April 20061. This followed improvements in the funding position over
2025. There 15 no requtrement for deficit payments at the currènt time.
For the Pension Builder 2014 section, the valu3tion revealed a surplus of £8.5m on the ongoing
a55umptlOn5 used. There is no requirement for deticit payrnents atthe current time.
The note5 form part of the%È financial statements.
21

ST MARYS OIURCH. CHIPPING NORTON PCC
NOTES TO THE FINANaALSTATEMENTS
FOR THE YÉAR ENDED 31 DECEMBER 2025
10, CHURCH WORKERS PEN510NS FUND ICWPFI- Continued
The Church of England Pensions Board has agreed that some employers could use assets in the DBS of the
CWPF in lieu of contributions to Pension Builder Classic andlor Pension Builder 2014. You will see this
informatlon on your DBS statement which will be sent separately.
The next valuation is being carried out as at 31 December 2U2S.
The legal Structure of the scheme is such that if another employer fails, 5t Marys Church could become
responsible for p3ying a share of the failed ernployer'5 pellsion liabilities.
11. RELATED PARTY DISCLOSURES
The Branih Twst Chippin6 Nortoo Ir¢sistered charity number 1191055)
The PCC of St. Mary's Church. Chipping Norton has a c105e relationship with the Branch lThe Branch Trust.
Chipping Nortonl. The Branch w35 sèt up durring 202n, and it wa5 intended that the two charities work
together in 3 m￿tuallY beneficial wav.
The Chief Executive of the Branch, Emma Kennedy, is married to the Chair of The PCC and Team Rector of
St. Mary's Church, Chipping Norton, Rev Dr james Kennedy. Three of the Trustees of the PCC are also
Trustee5 of the Branch, these are Mr B Rees, Mr T Woolcock and Mr G Povey and Mr B Rees is Chair of the
8r8nch.
During the year ended 31 December 2025, the PCC of St. Mary's Church, Chipping Norton rnade doriations
of £11.950 to the BrancFt from the Butlding to Servp Fund12024.£43,9001. In 2024, a further donation ol
£5,616 wa5 made to the 8ranch from the Freedom Fund.
The PCC paid the Branch Trust £11,800 for use of ofTice facillties for the year ended 31 December 2025
12024-E6,883 for the period l June 2024 tts 31 DeCe￿ber 20241 The PCC charged the Branch for £5,678
12024-É6,1881 for our support for their children ènd families work.
Chipping Norton Area Christian Trust (registered charity number 11584631
The PCC of St. Mary's Church, Chipping Norton h2s a close relationship with The Chipping Norton Area
Christian Trust The Chair of The Chipping Norton Area Chrirtian Trust, Rev Dr James Kennedy, is also the
Chair of the PCC of St. Mary's Church, Chipping Norton.
During the year to 31 Decetnber 2025, the Chipping Norton Area Christian Trust made grants of £23,680
12024.. £8,280) to the PCC of St. Mary's Church, Chipptng Norton for youth and children's work. As of 31
December 2025. there was a balance carried forward for use in future year5 of £18,92012024.. £4401.
Oxford Diocesan Board of Finan
The PCC pays a 'Parish Share, to the Oxford Diocesan Board of Finance. The Team Rettor and Curate are
employees of the Oxford Diocesan Board of Finance.
The notes form part of these financial statements.
22