## **ST. PETER’S CHURCH, STOCKTON ON TEES** ## **CHARITY NO: 1132812** **ANNUAL REPORT & FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDING 31 DECEMBER 2025** ## Incumbent: Revd Cameron Abernethy Bank: Barclays Bank PLC 19-23 Wellington Square Stockton on Tees TS18 1NA ## Independent Examiner: Mr Paul Whitecross 31 Grange Crescent Marton Middlesbrough TS7 8EA ## **Parochial Church Council of St. Peter’s, Stockton on Tees** ## **Index to the Financial Statements** ## **For the Year Ended 31 December 2025** Annual report of the PCC Independent Examiner’s report Statement of financial activities Balance Sheet Notes to the financial statements Analysis of Property expenses and charity donations 2 ## **Independent Examiner’s Report** ## **To the Trustees of St. Peter’s Stockton on Tees, Parochial Church Council** This report on the Accounts of the PCC for the year ended 31 December 2025 which are set out on pages 4 to 12. ## **Respective responsibilities of the Trustees and Independent Examiner** As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ## It is my responsibility to - examine the accounts under section 145 of the Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. ## **Independent Examiner’s Statement** In connection with my examination, no matters have come to my attention 1. which give me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with s.130 of the 2011 Act; or - to prepare accounts which accord with these accounting records - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed ___________________________________ 3 Date ## **Parochial Church Council of St. Peter’s, Stockton on Tees Statement of Financial Actvites For the Year Ended 31 December 2025** |**Incoming Resources**
**(Note 2)**
Incoming resources from donors
Other voluntary incoming resources
Income from charitable and ancillary
trading
Income from investments
Total Incoming Resources
**Resources Used (Note 3)**
Grants
Actvites directly relatng to the work of
the church
Fund raising & publicity
Church management & administraton
Total Resources used
Net incoming/(outgoing) resources
Balances brought forward at 1

January
2025
**Balances carried forward at 31**
**December 2025**||Unrestricted
Funds
£
56,274
16,565
17,315
70,878|Unrestricted
Funds
£
56,274
16,565
17,315
70,878|Restricted
Funds
£
183
7,870|Restricted
Funds
£
183
7,870|Total
2025
£
Total
2024
£
56,457
63,829
24,435
203,342
17,315
21,410
70,878
2,253| |---|---|---|---|---|---|---| |||||||| ||||161,032||8,053|169,08
5
290,834| ||||1,622
77,180
1,731
6,348||9,532
2,980|1,622
965
86,712
279,135
1,731
1,477
9,328
43,766| ||||86,881||12,512|99,393
325,343| |||||||| ||||74,151
1,601||(4,459)
22,386|69,692
(34,509)
23,987
58,496| ||||75,752||17,927|93,679
23,987| 4 ## **Parochial Church Council of St. Peter’s, Stockton on Tees Balance Sheet As At 31st December 2025** |**FIXED ASSETS**
Tangible fxed assets
Organ
**CURRENT ASSETS**
Stock
Prepayments
Cash at Bank
**LIABILITIES**
Creditors -amounts falling due within one
year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors – amounts falling due afer one year
**TOTAL NET ASSETS**
**FUNDS**
Unrestricted
Restricted
Prepared by
Sue Mines
Treasurer to the PCC|Notes
5
9
10|£
-
30,000||2025
30,000
63,679|£
16,000
32,200||2024
48,200
30,517| |---|---|---|---|---|---|---|---| |||324
2,784
62,275|||513
2,559
33,575||| |||65,383|||36,647||| |||(1,704
)|||(6,130)||| ||||||||| |||||93,679
-|||78,717
(54,730)| |||||93,679|||23,987| |||||75,752
17,927|||1,601
22,386| |||||93,679|||23,987| ||||||||| Approved by the PCC on and signed on their behalf by the Chairman, Rev C Abernethy ............................................................... 5 ## **Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2025** ## **1 Accounting Policies** The financial statements have been prepared in accordance with the Church Accounting Regulations 2011 together with applicable accounting standards and the Charities Statement of Recommended Practice. The financial statements have been prepared under the historical cost convention. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. ## **Incoming resources** ## **Voluntary income and capital sources** Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on covenants and gift aid donations is recognised when the income is received. Grants and legacies to the PCC are accounted for when received. ## **Other ordinary income** Rental income from the letting of the church premises is recognised when the rental is received. ## **Income from investments** Interest is accounted for when received. No provision is made for accrued interest. ## **Other ordinary incoming resources** Any amounts under this heading are accounted for when received. ## **Resources Used** ## **Grants** Grants and donations to charities are accounted for when paid over, or when awarded, if that award creates a binding obligation to the PCC. ## **Activities directly relating to the work of the church** The diocesan quota is accounted for when paid. 6 **Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2025** ## **1 Accounting Policies (continued)** ## **Fixed Assets** ## **Consecrated land and buildings** Consecrated and beneficed property is excluded from the accounts by section 10(2)(c) of the Charities Act 2011. No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. ## **Other fixtures, fittings and office equipment** Equipment used within the church premises is depreciated on a straight line basis over its estimated useful life. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired. ## **Investments** Investments are included at historical cost. ## **Current Assets** Amounts owing to the PCC at the year end in respect of fees, rents or other income are shown as debtors. Cash at bank and in hand includes deposit accounts and short term deposits with CCLA Investment Management Limited on behalf of the CBF Church of England Funds or at the bank. ## **Reserves** The PCC has agreed to hold the equivalent of three months’ general running costs as a reserve. The distribution of surplus reserves is subject to agreement by the PCC during the course of the financial year. It is acknowledged by the PCC that this policy has been breached during the year. 7 ## **Parochial Church Council of St. Peter’s, Stockton on Tees Notes to the Financial Statements For the Year Ended 31 December 2025** |**2 Incoming Resources**
**Incoming resources from donors**
Planned giving
Income tax recovered
Collectons
**Other voluntary incoming resources**
Autumn Fete & fundraising
Donatons & bequests
Tuesday Working Party
Toddler & Friday Praise
Cafe Church
Grants
**Income from charitable and ancillary**
**trading**
Fees
All Saints rent
Curates house rent
St Peter’s rent
Traidcraf
Shepherds Dene
Other income
**Income from investments**
Interest received
Surplus on sale of 55 Kensington Road
**Total Incoming Resources**||Unrestricted
Funds
£
40,850
10,887
4,537|Unrestricted
Funds
£
40,850
10,887
4,537|Restricted
Funds
£
183|Restricted
Funds
£
183|Total
2025
£
40,850
0
4,537|Total
2024
£
43,258
14,372
6,199| |---|---|---|---|---|---|---|---| ||||||||| ||||0||183|0|63,829| ||||9,034
3,829
1,240
314
1,898
250||4,370
3,500|9,034
8,093
8,199
14,057
1,240
1,338
314
462
1,898
1,750
3,750
177,642|| ||||16,565||7,870|0
203,342|| ||||5,581
4,003
5,610
513
1,288
-
320|||5,581
7,428
4,003
3,053
5,610
5,610
513
100
1,288
1,299
-
3,344
320
576|| ||||0|||0
21,410|| ||||620
70,258|||620
2,253
70,258
-|| ||||0|||70,878
2,253|| ||||161,032||8,053|169,085
290,834|| **Parochial Church Council of St. Peter’s, Stockton on Tees** 8 ## **Notes to the Financial Statements For the Year Ended 31 December 2025** |**3 Resources Used**
**Grants**
Charites
**Actvites directly relatng to the work of**
**the church**
Diocesan quota
Clergy expenses
Staf wages
Church services & books
Fees
Choir
Youth
Sundry expenses
Property expenses
Traidcraf
Café Church
Catering
Mission
Shepherds Dene
ESOL
Depreciaton
Loan Interest Repayment
**Fund raising & publicity**
Stewardship
Fundraising
**Church management & administraton**
Postage & statonery
Telephone
Bank charges
Professional fees
**Total resources used**||Unrestricted
Funds
£
1,622|Unrestricted
Funds
£
1,622|Restricted
Funds
£|Restricted
Funds
£|Total
2025
£
1,622|Total
2024
£
965| |---|---|---|---|---|---|---|---| ||||||||| ||||35,000
125
6,294
1,881
3,555
-
-
430
21,295
1,454
30
117
360
-
-
2,200
4,439||35,000
44,000
125
117
6,294
5,936
1,881
4,666
3,555
5,141
-
-
523
523
685
430
280
6,514
27,809
199,179
1,454
1,338
30
59
117
357
360
288
-
3,061
2,495
2,495
6,488
2,200
2,200
4,439
5,340||| ||||77,180||9,532
86,712
279,135||| ||||-
1,731||-
100
1,731
1,377||| ||||1,731||1,731
1,477||| ||||754
5,170
339
85||754
880
5,170
5,170
339
341
2,980
3,065
37,375||| ||||6,348||2,980
9,328
43,766||| ||||86,881||12,512
99,393
325,343||| **Parochial Church Council of St. Peter’s, Stockton on Tees** 9 **Notes to the Financial Statements For the Year Ended 31 December 2025** ## **4 Staff costs** During the year the PCC employed an organist, a cleaner at All Saints and a Parish Administrator who were paid £6,294 (2024 £5,936); the organist and Parish Administrator are members of the PCC. No other PCC members received any remuneration during the year. ## **5 Fixed assets for use by the PCC** The curate’s house at 55 Kensington Road, Stockton on Tees was included at historical cost. It was sold for the sum of £90,000 during 2025. All Saints Church, Hartburn Village is also an asset of the PCC; however it has not historically been valued in the accounts. |Cost brought forward
Net Sale Proceeds
Surplus on Sale
Cost carried forward
Depreciaton brought forward
Charge for year
Depreciaton carried forward
Net book value|**Curate’s**
**House**
**£**
**Organ**
**£**
16,000
66,099
(86,258)
70,258| |---|---| ||-
66,099| ||-
33.899
-
2,200| ||-
36,099| ||-
30,000| ## **6 Analysis of Net Assets by Fund** |Fixed Assets
Current Assets
Total Liabilites|**Unrestricted Funds**
**£**
**Restricted**
**Funds**
**£**
**Total**
**£**
30,000
30,000
47,456
17,927
65,383
(1,704)
(1,704)| |---|---| ||**75,752**
**17,927**
**93,679**| **Parochial Church Council of St. Peter’s, Stockton on Tees** 10 **Notes to the Financial Statements For the Year Ended 31 December 2025** ## **7 Fund Details** Restricted funds are made up as follows: |Way Forward Project
ESOL
All Saints’
Sunday School/Youth
Others
**Total**|£
£
8,075
5,294
1,000
1,558
2,000| |---|---| ||**17,927**| ## **8 Reserves** The PCC recognises its obligation to use Reserve Funds in an appropriate manner and has therefore set a Reserves Policy (Note 1) ## **9 Creditors – amounts falling due within one year** |Accruals
Total|£
1,704| |---|---| ||1,704| ## **10 Creditors – amounts falling due after one year** |Diocesan loan repayable
Total|£
0| |---|---| ||0| **Parochial Church Council of St. Peter’s, Stockton on Tees** 11 **Notes to the Financial Statements For the Year Ended 31 December 2025** ## **Schedule of Property Expenses for the Year Ended 31 December 2025** |Water Rates
Gas
Electricity
Insurance
Maintenance
Capital Project
Total
2024 Total|St.
Peter’s
£
All Saints
£
55 Ken
Rd.
£
Vicarage
£
2025
Total
£
2024
Total
£
594
301
281
1,176
958
4,645
861
5,506
4,785
3,008
407
3,415
3,593
4,211
807
645
5,663
5,434
3,333
200
2,452
5,985
19,863
6,064
6,064
164,546| |---|---| ||21,855
2,576
3,097
281
27,809
199,179| ||183,470
3,482
11,817
310
199,179| ## **Schedule of Donations to Charity – Year Ended 31 December 2025** **----- Start of picture text -----**
£
Christmas Collections
Safe Families 560
NSPCC 561
St
965 Peter’s
Church
**----- End of picture text -----**
## **Choir Accounts** There are two bank accounts in the name of St Peter’s Church Choir which are held and managed by the choirmen, for the benefit of the choir’s musical activities. The current account balance at 31 December 2025 was £2,250.07 (2024 £1,933.82). The reserve account was set up to receive donations from local Charities and Trusts, to pay for young people to undertake singing engagements both in the United Kingdom and abroad, as part of the choir. The balance at 31 December 2025 was £3,247.48 (2024 £3,205.29). ## **Parish of Stockton-on-Tees St Peter Annual Report of the PCC for 2025** 12 ## **Administrative Information** St Peter’s Church is situated on Yarm Road, Stockton on Tees. It is part of the Diocese of Durham within the Church of England. The correspondence address is 5 Reeth Road, Hartburn, Stockton on Tees, TS18 5HB The Parochial Church Council (PCC) is registered with the Charity Commission – _The Parochial Church Council of the Ecclesiastical Parish of Stockton-on-Tees St Peter._ The Charity Commission number is 1132812. PCC members who have served from 1[st] January 2025 until the date this report was approved are: _Incumbent:_ Revd CP Abernethy _Assistant Curate:_ Revd Emily Carling _Associate Priest:_ Revd Daniel Ackerley _Wardens:_ Jane Neal David Lawson _Representatives on Deanery Synod:_ Ruth Hicks Lay chair Jane Neal Linda Harding _Elected Members:_ George Barber Amith Paul Sandra Hauxwell Rebecca Dodd Carol Horsley Sue Mines Michael Short Margaret Roberts Viktor Odoh David Pickup Until May 2025 ## **Structure, governance and Management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Officers** |**fcers**|| |---|---| |**_Lay Chair:_**|**Ruth Hicks**| |**_Secretary:_**|**George Barber**| |**_Treasurer:_**|**Sue Mines**| |**_Electoral Roll Ofcer:_**
**_Stewardship Ofcer:_**|**Michael Short**
**Vacant**| |**_Safeguarding Ofcer:_**|**Ruth Hicks**| |**_All Saints Hall Manager:_**|**Carol Horsley**| |**_Parish Administrator:_**|**Sue Mines**| |**_Director of Music:_**|**George Barber**| |**_Sunday School Superintendents- St Peters:_**|**Claudia Ackerley**| |**_Toddler Praise Leader:_**|**Sue Barber**| 13 ## **Objectives and Activities** St Peter’s PCC has the responsibility of co-operating with the incumbent or churchwardens in vacancy in promoting in the ecclesiastical parish of the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the maintenance responsibilities of All Saints in Hartburn Village, and 55 Kensington Road which was sold in December 2025. ## **Committees** ## Several committees meeting between full PCC meetings, support the PCC. ## _**Standing Committee:**_ This is the only committee required by law. It has power to transact business of the PCC, subject to any decisions made by the PCC. It monitors church finance, properties and PCC agendas. ## _**Way Forward Group:**_ To co-ordinate ideas and present them to the PCC and congregation on the way forward for this parish. ## _**St Peter’s other groups include:**_ The Tuesday Working Party, Prayer Group, Baptism Team, Toddler Praise, Warm Welcome, Warm Space, Youth group, the church flower teams, the parish breakfast team, servers, the vergers and those who care for laundry and sacristy needs. ## _**Choir:**_ The worship at St Peters is enriched by the choir including the junior choir. ## **Achievements and Performance** ## _**Church Attendance**_ There are 113 parishioners on the Church Electoral Roll. The average weekly attendance, counted during October, was over 100 and this number increased at festivals. At Easter, there were over 170 in the congregation and over 750 people attended the various Christmas services. During 2025 there were 10 baptisms in church, but no weddings. There were also 11 funerals with a further 5 held at the crematorium. ## _**Review of the year & Incumbent’s report**_ The life of the parish continues to be a full and busy one as we seek to respond to God’s invitation to love God and to love our neighbour as missional disciples of Jesus Christ. I am deeply grateful for the ministry of Revd Daniel Ackerley as our Associate Priest. I continue to give thanks for the support of my retired colleagues, Revd Phillip Bishop and Revd Graham Benzies, as well our churchwardens, Jane Neal and Dave Lawson. It has been a real blessing to me and the parish for us to be joined by The Revd Emily Carling and her family as we support her through curacy. Thank you for the many ways you have made Emily feel at home and have supported her during her Diaconal year. As I mentioned in last year’s report, one of the real strengths of our parish is the way so many people work together as they serve Christ. However, the pool of those able to offer assistance to maintain our ministry and mission has decreased in these past 12 months. A smaller and smaller group of people are shouldering more and more; this is not sustainable. At the end of 2025, the decision was made to pause Friday Praise - the after school group for young people. This necessary decision was influenced by the lack of those willing to lead the sessions. Do consider and pray where you might be able to put your faith into action by serving on one of our ministry teams. Like many churches, finances are an area of concern. As reserves continue to be stretched further, there are some significant questions for us as a parish. The quinquennial reports for our two buildings – St Peter’s and All Saints’ – highlighted a number of issues which require our attention. This is especially true for the building of All Saints’ Church. Thank you to those who generously 14 support the parish financially. We continued with the Year of Thanksgiving with a different monthly event being offered to help raise funds for the parish. These events are continuing in 2026. Many thanks to Jane Neal and Lesley Batty for their organisation and please do support these events by coming along and inviting family and friends. Thanks also to those who worked so hard to organise and help with our summer and Christmas Fayres. Further work will need to be done to improve our financial position. Following on from conversations at PCC, a faculty granting permission to create a Garden of Remembrance in the rear garden of St Peter’s has been received. Works will begin shortly and further information will be shared with the congregation and wider parish. I would also like to acknowledge the significant work carried out by Gareth Neal in looking after the church grounds, along with Glyn John’s contribution. The well-maintained church grounds are often commented upon by those passing by. Reflecting upon the last year, I wanted to highlight just a few specific areas. ## Worship It is a blessing to see the numbers attending our regular Sunday morning worship have not only been maintained but have grown very slightly. The Easter Day Eucharist had almost 170 people worshipping God together as they greeted the Risen Christ with joy. People are seeking out worship which has depth and beauty. I am deeply grateful to George and the choir for the way they help to lead us in worship. I would encourage people to come and conclude their Sundays with the service of Evensong so beautifully sung by the choir. I wanted to draw your attention to a couple of the findings contained in the 2022 survey of children and youth provision across the whole Diocese. In our Diocese, only 5 churches have 5 or more teenagers regularly in Sunday worship and over 60 churches have no children of any age regularly in Sunday worship. It is a very different story at St Peter’s as we are blessed with a significant number of children and youth who regularly attend and participate in our Sunday worship. This is a real strength to be cherished and nurtured further. Emily and I continue to lead a monthly service of Holy Communion at our local care homes – White House and Park House. This service is appreciated by residents and staff alike. If you would like to join this service, please do speak to one of us. ## All Saints The 9.45am service at All Saints’ continues to very well attended with a strong sense of fellowship present. With the addition of Revd Emily to the team, the Friday morning service has included Morning Prayer on some weeks. It has been encouraging to note the return of the very successful Warm Space, run by Stockton Council, being held at All Saints’ on Wednesday mornings. ## Schools Ministry We continue to have very strong links with our local schools. We welcomed Bowesfield Primary School for a whole school Harvest Service in October and a Christingle Service in December. As in past years, Year 3 from Oxbridge Lane Primary school had their Christingle Service at St Peter’s and performed a nativity for their families and friends. Revd Emily and a group of volunteers welcomed the Reception class to St Peter’s and helped the children learn a little about the church building and the Christian faith. 15 At Hartburn Primary school, I have regularly led school assemblies on topics such as Advent and Lent for Early Years, KS1 and KS2 children as well as leading a whole school Harvest service. A Christingle service for Year 5 was held at Greens Lane Methodist Church and led jointly by Revd Kundai Katiyo, the new Methodist Minister and me. It is good to have such ecumenical links. At the beginning of September, I presided and preached at the opening Eucharist, held in St Peter’s, for the new school year for the staff of Ian Ramsey school. Revd Emily has strengthened our link with Ian Ramsey school by leading assemblies during the year and leading an after-school group. It is exciting to have the opportunity to support the development of the Christian character of this school. ## Across the Deanery With the installation of the Revd Nicholas Green to Christchurch Parish (St John the Baptist’s, Durham Road and St Chad’s, Ragworth) in January 2026, I finished my work with St John the Baptist’s CE Primary School in December 2025. It has been a real delight to work with the staff and pupils by leading assemblies, taking school Eucharist services, preparing children for Admission to Holy Communion and supporting learning. Following a review of my commitments, I have now stepped back from presiding at the fortnightly Celtic Communion Service at St Cuthbert’s, Redmarshall. It has been good to get know the very dedicated congregation there and worship with them. It was a privilege to lead the ‘Remembering loved ones at Christmas’ service on 11th December at St Peter’s, Bishopton. I would invite you to continue to hold Stockton Country Parish during this time of vacancy. ## Concluding remarks On a personal note, the past few months have not been easy, and I am deeply grateful for the prayers and support offered by many in the parish. This is the first time I have ever needed to step back from work due to being unwell. It has been a real learning experience and prompted me to very carefully review the commitments I undertake. I have already stepped back from a number of commitments and will continue to keep this under review. I am deeply thankful for the many faithful and dedicated volunteers who lead and support our mission and ministry. Please do continue to pray for the ongoing mission and ministry of our church and consider where you might wish to offer your time and talents as a volunteer. With the appointment of The Venerable Rick Simpson, Archdeacon of Auckland to the role of Bishop of Durham, this will be a time of change for the Diocese. Bishop-Elect Rick is encouraging parishes to explore what it means to be fruitful in their own context. This question of what fruitfulness looks like and how it can be encouraged is one I will be inviting us as a parish to reflect upon and explore over the next few months as we listen for God’s guidance and inspiration. ## _**Financial Review**_ Total receipts on ordinary unrestricted funds were £161,032 with a further £8,053 received to restricted funds. This is detailed in the Financial Statements. £86,881 was spent to provide the Christian Ministry from St Peter’s, including the contribution to Parish Share of £35,000, which largely provides the stipends, housing and training for the clergy. 16 During the year, the property, 55 Kensington Road was sold for the sum of £86,258 and from the proceeds the Diocesan loan was repaid. The amount including interest was £64,169. The net result for the year was an excess of receipts over payments of £74,151 on general funds and on restricted funds there was an excess of payments over receipts of £4,459. The balances carried forward at 31[st] December for unrestricted funds totalled £75,752 and for restricted funds it is £17,927. ## _**Reserves Policy**_ It is PCC policy to maintain a balance on unrestricted funds which equates to approximately 3 months running costs. It is our policy to invest our funds in with the CBF Church of England Deposit Fund. Approved by the PCC on and signed on their behalf by the Chairman, Rev CP Abernethy ............................................................... 17