00 The Parish Church of All Saints. Leamineton Spa Annual Report and Financial Statements for the year ending 31 December 2025 Registered as a charity: The Parochial Church Council of the Ecclesiastical Parish of All Saints Leafflington Priors Charity Registration No: 1132974
Administrative Information Address Victoria Terrace, Leamington Spa, CV31 1AA Diocese Diocese of Coventry Website www.allsaintschurchleamin ton.or Facebook htt s., l/www.facebook.com/allsainlschurchleamin tonl Charitable status Registered Charity no 1132974 Trustees The trustees are the members of the PCC as follows: PCC Members ex offlclo Vicar and Chair Churchwardens Deanery Synod representative Dloce5an Synod member The Reverend Christopher Wlison Vacant Douglas Bates (to May 20251 Hannah Wilson PCC Members by election Lay vice chair Hon Treasurer Hon Secretary Pippa Glover (elected 2025) Katherlne Shore Andrew Gorsuch (to Moy 2025) Elizabeth Gorsuch {elected 2024) Eleanor Marshall (elected 20251 Independent Examiner Mark Spafford LDP Luckmans 1110 Elliott Court Coventry Busines5 Park Herald Avenue Coventry CV5 6UB Banks CAF Bank Ltd 25 King5 Hill Avenue Kings Hill West Malllng ME19 4JQ The Charlty Bank Fosse House 182 High Street Tonbridge TN9 1BE 5ollcltors Rotherham & Co 8 The Quadrant Coventry CV4 8HX Investments CCLA Senator House 85 Queen Street London EC4V 4ET
The Parish covers an area in the centre of Leamington Spa, bounded as follows: North to South: Warwick Street to the railway line. East: southwards along Clarendon Street, Newbold Street, Mill Bridge. Forfield Place and Camberwell Terrace, but runnlng along the river eastwards from Mill Bridge, south along Willes Road and west along Leam Terrace. West: roughly south from the junction of Woodbine Street and Warwick Place, then west along the river as far as the railway bridge. The Parish Church and Churchyard are bounded by Victoria Terrace, Priory Terrace, Church Street and Gloucester Street. The Parish Church is the only licensed place of worship in the parish. There is no ancillary accommodation {such as a church hall). The Churchyard was closed in 1851. There is another closed churchyard on New Street which was sold to the local authority many years ago but remains consecrated. and a more extensive churchyard, also closed, with a lodge house, adjacent to the town cemetery on Brunswick Street. Churchyards are maintained by Warwick Distrlct Council, which al50 holds the lodge hause on a 999-year Lease at a peppercorn rent. The Parochial Church Council Objectlves The PCC Is called to work wlth the clergy to further the whole mission of the Church of England in the parlsh. In 2020 the PCC Identlfied flve core values underlying this work at All Saints,: Integrity - Compassion Commitment - Creativity - Wonder. It then defined as its Mission Statement "To be a place where hope is nurtured through compassion, wonder and faith" Publlc beneflt As trustees, the PCC members conffrm that they have complled with the Charities Act 2022, and have considered the Commission's guidance on publlc benefit and the advancement of religion. Conf Ilct of Interest Pollcy The Confllct of Interest Policy15 held by the Parish Adminlstrator and may be seen on request. It 15 reviewed annually by the PCC. Members of the PCC are asked to declare possible conflicts of interest before each PCC meetlns. If any such interest is declared, the PCC member may be asked to leave the meeting for the topic under discussion. Members There were 7 members of the PCC at the beglnning of 2025 and 6 at the end of the year. All are named above, under AdministratTve Information. Elected members In accordance with the Church Representation Rules, those of the congregation who are on the Electoral Roll are eligible to elect members to the PCC from among their number. In 2025 the Annual Parochial Church Meeting determined that the number of elected members would be slx. PCC members serve for three years and may then stand for re-election if still eligible. Committees of the PCC Finance Committee: Katherine Shore, Elizabethe Gorsuch, Pippa Glover.
Standing Committee: {authorised to transact urgent PCC business arising between PCC meetings, subject to financial constraints. would normally include churchwardensl." as the PCC had few members a Standing Committee was deemed unnecessary. Fabric Comrnittee: Role performed by the Finance Committee. The Friends of All Saint5, Music was revived and reconstituted a5 All Saints, Music Foundation. PCC meetlngs were normally held online on the second Thursday evening of every month except August. Online meetings have accommodated members who would otherwise be unable to attend. Connected charlty PCC members are also Trustees of a separate Registered Charity, the Leamington Priors All Saints Min?stry Fund, no. 509495. Electoral Roll Durlng 2025, In accordance with the Church Representation Rules, the Electoral Roll was renewed. Reported membership at the APCM reduced form 64 to 33, of whom 7 were resident in the parlsh. Further applications were recelved shortly after the Electoral Roll re-opened to new applications followin8 the Annual Meeting, increasing the number to 38. During the 2026 revision, one person who had dSed was removed from the roll. New applicants brought the number on roll to 42, of whom 7 are resident In the parish. It Is observed that a significant number of regular communlcant members of the church have not applied to Joln the Electoral Roll. Safeguarding Safeguardlng of children and vulnerable adults contlnued to be a priority area throughout the year, and the PCC has complied with the duty to have 'due regard, to the House of Bishops, Safeguarding Policy and Practice Guidance. Further progress was made attending to outstanding area5, Wlth use made of the Parish Safeguarding Dashboard to determine and Tnonitor relevant actions. Advice from the Diocesan Safeguarding Team was sought and followed whenever necessary. During the year Eleanor Marshall became interim Parish Safeguarding Officer.
Proceedings of the PCC The PCC had another busy year overseeing the life of All Saints, which despite the modest size of its congregation is a complex organisation with significant reach into the local communlty. Much of the work involves issues of safeguarding, GDPR, finance, and fabric, but above all, the oversight of the mission and worshlp of the church. The sale of the malsonette at 18 Dugdale Court was completed. Half of this property plus sufficient Cash to buy out the other devlsee were left to All Saints by Stella Jones, a regular member of the congregation, who died in 2007. The rental income has supported All Saint5 for many years, and the sale proceeds continue to support out capital expenditure. We remaln deeply grateful to Stella for her generosity. Repa?rs to the building were carrled out as detailed in the Fabric Report. Worship, especially on major occasions, has continued to be reviewed by the PCC on a regular basis, with identified changes being implemented at the next opportunlty. Highllghts beyond the regular round of services included a weekday Choral Evensong in September to welcome the new Bishop of Coventry, +Sophie Jelley, as she visited the Deanery* and the Jolnt Emergency Services Carol Service in December, to whlch +Sophle came to preach. Numerous events took place in the church and churchyard during the year. Notable among them were the Leamington Lights exhibition and the Christmas Tree Festival, both organised by Whittle Productlon5. These, plu5 the ongoing round of concerts, recita15, communlty group bookings, and Café Ti5to brought many thousands of people Into the building, continuing to secure its place at the heart of the cultural, social and religious Ilfe of the town. Work on the Churchyard contlnued, led by the local CIC ARC and In partnership with Warw7ck District Council, which is responsible for maintenance. Some of the results are plain to see in the greatly improved care and presentatlon of the churchyard, and most notably in the Livlng Labyrinth, the construction and planting of which was the key achievement of the year. Less obvlous but arguably more important are the excellent support work undertaken by ARC. and its engagement with Schools, charities and businesses, whlch has supplemented the planting efforts. ARC received awards from the Royal Hortlcultural Socletyj Heart of England In Bloom, and the Leamington Society for its work here. The musical life has flourished and remains central to our mission. We appointed a new Olrector of Music after Easter, and he has built upon the significant legacy of his predecessor both muslcally and in terms of the constructive working relations which are highly vatued here. Achievements since his appointment include the re-forming of All Saints, Music Foundation to support and ra15e funds for the music. the 'Sponsor a Scholar, appeal. the launch of a major appeal to clean and restore the organ" and an increase in the number and variety of concerts. This is all in addition to the Ilturgical commitments, which continue to reach a hlgh standard of excellence. Membership of the adult choir has grown, and the Scholarship programme continues to attract real talent and commitment from students at the University of Warwick. Seven Choral Scholars and one Organ Scholar were appointed for the academic year cornmencing September 2025. The junior section of the choir continues to thrive, rehearsing weekly and singing monthly. outreach projects to raise awareness and recruit additional children have included workshops in local schools and a Christmas Carol 'Come and Sing, event. Looking ahead, the flrst cholr tour for over seven years Is planned for the summer of 2026. Chlldren's trainlng for altar serving has developed well, with junior servers growing in confidence and ability.
Sldesmen continued to provide a conslstent and valued ministry of welcome and practival support at services. The team serves regularly across both Sunday 5ervlces. LGBTXians, our work amongst Christian people who identlfy as LGBTQ+, has had a stable year, maintaininq monthly meetings with consistent attendance and a presence at WaNickshire Pride. Nightlight has had a strong year, running most Fridays late in the evening outside the church building, staffed by a small and highly committed ecumenlcal team. The ministry contlnues to engage a wide range of people, offerTng hospitality, conversation and practical sUPPOrt where needed. Bell ringers sustained sufficient ringers to ring almost every Sunday and for weddings, with the support of rtngers from other nearby towers. Café Tisto, a separate CIC run In the Urquhart Room at the back of church by two Ukralnlan refugees, has developed In popularity and attract5 an increasingly wide clientele. Opening hours have been increased and now include Sunday afternoon5. This in turn keeps the church building open for visitors on a regular and predlctable basis. A data breach by the DBS checklng company used by the Dlocese of Coventry affected one person from All Saints. The Diocese ha5 moved to a different DBS checking company. A legacy from the late Rev Canon George Warner, the previous incumbent, was used to purchase liturgical books in his memory. The church now has a complete and up.to-date set. These were dedicated on All Saints, Sunday¥ and we were delighted that Mrs Sue Warner was able to attend. There was an enthusiastic response to an appeal to members of the congregation and wlder community to the questlons 'What do I love about All Salnts?P Some of the replied featured in the weekly notice sheet, and the replie5 in general wlll Inforrn fundrai51ng, publicity and the eventual search for a new incumbent. Late in the year a flre safety Inspectlon took place. The PCC has been worklng to Implement to recommendations and requlrements In order to further develop our care for the users of the building. Personnel changes have Sncluded the retlrement of our long.5tandin8 and very dlllgent Administrator. Our Director of Music was appointed to an exciting new post at Regent's College Oxford at Easter; we are most grateful to him for his work here, and to our new Director of Muslc who has taken over with enthusiasm and ablllty. The Development Manager retired in May but continues hi5 Stalwart Service with us on a voluntary basis, attend7ng to events and the Christma5 Tree Festival. Our Church Architect retired at year-end as noted in the Fabric Report. The PCC thanks all these and the many others who have contributed to the life and well-being of All Saints, In many cases giving very generously indeed of time, talents and money.
Report on the Fabric, Goods & Ornaments Two major projects took place during 2025. The first was the rebuilding of the parapet pier on the NW corner of the North Transept. The second involved repairs to and delarnination of the Clock Tower stonework, and installation of external netting to the very fragile lancet windows to prevent the fall of any glass quarries onto members of the public. Internally, the North Apse w?ndow was also netted. Early in the year, the heating in the Lady Chapellclergy Vestry failed. Investigation determined that the gas boiler is obsolete and cannot be replaced like-for-like due to the Church of England's Carbon Net Zero undertakings. A more efficient form of heating is required as a long-term solution. The Church Architect, Mark Evans, carried out hls flnal Quinquennlal Inspection. This is a thorough survey of the building which has to be carried out every five years. Whi15t there is improvement since the prevlous survey, notably to the roof of the Organ Loft, the building overall remains in poor condition with a challenging list of repairs to undertake. We place on record our sincere thanks and gratitude to Mark Evans for his excellent adv5ce and work at All Salnts over almost twenty year5, Including new roofs to the North Alsle, South Aisle and Organ Loft, and numerous smaller repairs. We wlsh hlm a lon8 and happy retirement. The PCC shortlisted and intervlewed prospective new architects and appointed Stephen Ollver, of Oliver Architecture. The formal handover took place just outside the scope of thls report. A fire safety inspection was carrled out late in the autumn. Five deficlencles were noted, all of which have been addressed. Note that further vffjrk is planned to install addltional emergency lighting and a flre alarm system. The ongoing schedule of maintenance and mlnor repalrs continued, including plumbing and electr7cal repalrs, and the maintenance of the clock, lightnlng conductors, heating and cooking appliances. A full electrlcal condltlon test IECRI is due in 2026. Thanks to the PCC, the Finance Committee and other volunteers who have a5515ted in the care of the fabric in any way.
Financial Review In 2025 the church finances saw some improvement compared with 2024. Although ending with an overall decline in net assets, income was generally higher, and the completion of the sale of an investment property gave a much needed cash injection to unrestricted funds. Income from donations and regular giving increased, with more donor5 joining the Parish Giving Scheme, and some already enrolled increasing thelr monthly giving. The contactless donation point continued to attract donations from casual visitor5, and contributed to the increase in gift aid reclaimed. On behalf of the PCC I would like to take this opportunity to thank our very generous congregation and other supporters for their donations throughout the year. As in prevlous years, varlous organlsations made use of the church as a venue for concerts, meetings, exhibitions, etc, and this income saw a dramatic increase, being almost twice that received in 2024. Notable highlights were the Light5 of Leamlngton exhibition, and the Christmas Tree Festival, thanks to the hard work of our Development Manager and volunteers in partnership wlth Whlttle Productions. Income from qrants was slightly higher than in 2024, including the Second tranche of fundlng from Warwick District Council for the churchyard living labyrinth project. Other grants included VAT reclaimed under the Listed Places of Wor5hlp scheme, and Income from the Ministry Fund, Including £5,OC(J of shares sold to help fund our parish share payments. Regular Income from rental propertles was lower, due to the sale of one property, whlch was completed in January 2025, bringing in sale proceed5 (net of selling costs) of £153,726. The second property wa5 let for the whole of 2025. General running costs remalned at around the same level as 2024, wlth utlllty costs and insurance the largest regular outgoings. Planned spending on repairs and maintenance significantly Increased, as we were able to use some of the income from the rental property sale to carry out essential major repair projects durinq the year. All of the church's investments decreased In value over 2025. £135,000 worth of shares are endowed and cannot be sold, but do produce an Income vla dividends. However, almost all of this income is restricted to Use for specified purposes, and cannot be used for regular running costs and maintenance. Our only other source of Income coffies from the Ministry Fund, which is a separate charity (See note 13 of the accounts). In order to pay Increasing amounts far our parish share (2025: £48,OLKI' 2024". £44,01, we have continued to sell MinTStry Fund shares (£5,000 worth Tn 20251. The total value of the fund has decreased, but the quarterly income ha5 only gone down a little compared to 2024. Apart from this fund we were left with £88,000 in our cash unrestricted funds, of which £62,OCQ is in the general fund. Kate Shore Honorary Treasurer
Financial Policies Purpose The purpose of these policies is to enable the PCC to Use its reserves prudently and effectively to support the work of the Church. The reserves may be used to help the PCC to set up new Initiatives and projects to further the work of the church whilst ensuring that sufficient fund5 remain for any unforeseen expenditure. Financial Regulations The PCC maintains a set of detailed financial regulations governlng policies and procedure5 whlch must be followed by all clergy, staff and volunteers when dealing with the financial affairs of the Parish Church and its subsidiarie5. This is reviewed by the PCC annually after the Annual Parochlal Church Meetlng, and may be seen on request. Reserves Pollcy Reserves are that part of a Charity's unrestricted funds that is freely available to spend on any of the Charlty's purposes, and normally excludes fixed assets. The PCC'S Reserves Policy Is to hold sufficlent unrestricted funds to cover three months. running costs, whlch at 2025 levels of expenditure would be about £30,000. Money Is also held in restricted funds to cover other liabilities, and there Is a deslgnated Property Repair fund (December 2025 balance approximately £9,200) for Investment property upkeep. Investment Pollcy In accordance with C of E guldellnes, cash deposlts must be held In ethlcal accounts where the total amount held must be less than £120,000 {the FSCS compensation limitl. All Salnts, readlly avallable cash deposits are held in the Charlty Bank in an Ethical Easy Access account, and in a CBF {Central Board of Finance) Church of England deposit account which a150 provides an ethical and responsible investment. Investments must be held In low.risk, ethical funds. Coventry Dlocese holds three permanent endowment investments in trust for All Saints.. These cannot be sold. They are held with CCLA, the firm which manages fund5 for the Church of England, charities, faith organlsations, and local authorities in the United Kingdom. All such investments mirror the ethTcal investment policy of the Church of England. A further Investment of restricted funds Is held by the Dloce5e wlth CCLA, and All Saints, owns one other set of shares with CCLA. Movements of funds are approved by the Finance CommTttee and then by the PCC. Any change of funds must be signed by two of the signatories for the account. Investment performance is shown annually in the end of year accounts. Rlsk Management Pollcy The PCC keeps under regular review the risks to which the charity is exposed and seeks to limlt their impact by adopting appropriate measures and controls and monitoring their implementation. Confllct of Interest Pollcy The Conflict of Interest Policy is held by the Parish Admlnistrator and may be seen on request. It is reviewed annually by the PCC. Members of the PCC are asked to declare any possible conflicts of interest before each PCC meeting. If any such interest is declared, the PCC member may be asked to leave the meeting for the topic under discussion. Pollcy Revlew All the above policie5 are rewewed annually by the PCC.
Independent Examiner's Report TO THE TRUSTEES OF ALL SAINTS CHURCH LEAMINGTON PRIORS Independent Examinerfs Raport to the Trustees of All Salnts Church, Leamlngton Priors I report to the charitytrustees on my examinalion of the accounts ofthe charityforthe year ended 31. December 2025. ResponsibiLities and basis of report As the charity's trustees you are responsible for the prepar8tlon ofthe accounts in accordance with the requirements of the Charilies Act 20111.the Act'l. I report in respect of my examinatlon of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no mat8rial matters have come to my attention in connection with the examination giving me c8U8e to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the 8ccounts do not accord with those records,. or 3. the accounts do not comply with the 8ppllcgble requirements concerning th8 form and content of accounts set out in the Charities IA¢¢ounts and Reports) Regulations 2008 other than any requirement that the 8c¢ounts give 8 'true and f8lr vlew, whlch is not 8 matter considered as part of an indepondent ex8minalion. I have no concerns and have come across no other matters in connection with the examlnatlon lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M D Spafford FCCA FCA LDP Luckm8ns 1110 Elliottcourt Herald Avenue Coventry Business Park Coventry CV56UB 4 June 2026 10
Statement of Financial Activities (SOFA) For the year ended 31 December 2025 2025 R••trk1ed Funds 2024 Un[ted Fund• ndowffleTht Funds IIDt8s T•l•l Fundi Totsi Fundi IrbcomlnrfResourt•i Voluntarylncome Grants rOcld Incomefrom Investments Church ttIeS and useof church Othgrlncomè 53289 16,185 19,381 30288 17.508 14,003 4.349 3.605 70,796 30,187 23,730 33,893 81.195 28,196 24,876 17.851 119.123 39A14 151117 131J17 AeM¥rn8Exp•nd•d Chureh act111 sslonaryand chtL&llnI T•ial R•K*uff•iExp•nd•O 196,971 30N4 289 227M15 2,889 184,005 4,064 19•J71 Net In¢onlniR•50urc IbefcTeotherreCoI818aIThS and105Sa51 ,8481 5J31 1719171 136.1521 lntw.lund adIustrnts RvAluatlon of propert185 G$1£109$e$loft InNYstmentB538ts 1112741 1112741 35.000 4238 11.9491 15.8231 17.5721 N•iMo¥•m•ntknFur 3J02 190,7UI 3Jlla 500.832 411AII 155,962 140.658 135.0315 797 53 794,167 797253 •t31 D•c2025 The numbers in the 'Note' column refer to the numbers 'Note5 to the Flnancial Statements, on the followin8 pages, which form part of these accounts. Negative figure5 are shown in parenthesis I I throughout.
Balance Sheet As at 31 December 2025 2025 Unrnstrktsd Paslrfcted EfidowmeTrt Fundi nd¥ Funds 2024 oleg Totsl Fun Total Fund$ AxedAsJets TanRlblefixed asse Inlnt&s$eIS 325,000 325,000 181.827 490,300 189,399 46.792 135.035 TotslAK•dAsMts 325.000 .792 135.035 SMJ27 879.199 Curv•ntAsg•ts Debtors Cash atbankand In hand 9,662 84,310 121 117.389 9.7B4 201,680 7,347 130,460 Total Cuff•fitAH•ts 93*73 117 211A03 137107 edftorslaiuniduewthln one)p 7183 4J38 11.801 20253 N•tQJnnlAu•tsllLlabllU••l 113.113 117 T•LNItA•tr 411110 15• 7•7353 FuThO• Unrostrlcted R¢5trlctsd Endowment io,ii 411.510 411,510 159,944 135.035 701A•O 500.632 155,962 140ffj58 797353 159844 135.036 135.035 Totsi P¥tsh Fuftdi 411WIO 159 Approved by the PCC 315t May 2026. The Reverend Christopher H Wilson (Vicar) Chairman 12
Notes to the Financial Statements 1. Basis of Account7ng The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, together with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in January 2021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act 2022 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going-concern basis under the historical cost conventTon, with the potential exception of debtors and creditor5 (see Note 2 below). 2. Accounting Policies Funds Permanent Endowment Funds are funds, the capital of which must be malntained permanently. Income arising from investment of the endowment may be used elther as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restrlcted Fund5 represent lal Income from trusts or endowments which may be expended only on those restricted object5 provlded In the term5 of the trust or bequest, and Ibl donation5 or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestrlcted Funds are general funds whlch can be used for ordinary PCC purpose5. Incomlng Resources Planned giving, collectlons and donatlons are recognlsed when received. Tax refunds are recognised when the incoming resource to which they relate Is received. Grants and legacies are accounted for when the PCC Is legally entitled to the amounts due. Dividends are accounted for when received. All other income is recognised when it Is receivable. All incomlng resources are accounted for gross. Resources Expended Grants and donations are accounted for when paid over, or when awarded if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Con5ecratedpropertyis not included, in accordance with the Charities Act 2022. Aloveable church furnlshlngs held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable propertyi listed in the Church's Inventory which can be inspected during office hours. 13
Equlpment is depreclated over 5 years at 20% per annum. Investment Assets are shown at the December 2025 market value. PropertyAssets 18 Dugdale Court Is shown at the agreed sale price In October 2024 of £165,000 18 Imperial Place is shown at the December 2023 market value of £325,0(X) Debtors and creditors receivablelpayable wlthln one year Debtors and creditors with no stated interest rate and recelvable or payable wlthin one year are recorded at transaction price. Any losses arising from impairment are reco8nlsed In expenditure. 14
Notes to the Financlal Statements cont. 3. Incoming Resources 2025 Pastwkted Funds 2024 UnrnJtrtct•d FuRd• Endown*fit TolalFunds TotslFunds Volunimiln¢om• Open Collethons Pianne¢l taKBfflclentdonailon5 ilnpianned teffIcIentdonatl0n$ Tamrecowed Otherdonatlons Legacles Tot•1 ¥olunknylncom• 4.829 25,348 3,051 10098 8,855 510 902 240 7.129 1.012 8,124 loo 5,531 25,588 10,180 11,908 18,979 810 5,622 22,681 14.715 9,857 7.320 1.000 53289 17.SOB 70.796 81.195 16,185 14.003 30.187 28.196 InvJmelMmln¥eslmeTrts Interest DIdendS Rontallncome 6127 914 11,640 19.381 6.827 5263 Li.640 23,730 5A76 5.140 14280 24M78 4.349 Totsilntom•lMmlfi¥••lm•fvts 4.349 ChuffhAeiiM••andUM •lClwr Ug•01 church 5totutoryfe EV[S 24.506 I75 3,908 130 24,836 2.374 8I83 13.728 1.398 2,527 2,976 T•ial chUbA¢lloISlUa1chrt 30288 3.605 33,893 17.851 Total IncoThthiPaMurc•s 11•,123 •4 151 147 131J17 15
Notes to the Financial Statements cont. 4. Resources Expended 2025 R•slrtt•d Endo¥mnt Funds Funds 2024 Funds Totsl Atndi 70ts1 Fwnds Dlocesan pth5h 5hp clerkypenseS ilpkeep of seTh4ce5 l•Jslc OutreKh and mlsslon 48.000 991 48.000 991 44,000 1,135 492 21,163 12,071 11,908 12,042 15.928 23.95Q 15.928 Tot41 •1 J86 27870 Supportco Chureh nJnninKexpenyes Church iepalrsand rnalntenantè Upk4épof InwBtment propertleB Offlcè D•prgcIBtlon R•conclUatyon llustments GOmce¢08ts aThkeharRes 31010 91,576 3.073 7.608 300 2.110 536 32,479 92,112 3,073 7,608 300 32.016 29,761 7,179 14.672 300 998 222 1,008 208 29 250 Tolalsupportco 74 T•tslChuWchAcltrI1 1•8 J71 227116 4Ne4 Total R•MwMiExp•Nd•d 33J33 23(lJ•4 'Music and Offlce include staff costs recorded in Note 5 16
Notes to the Financial Statements cont. 5. Staff Costs and Reimbursed Expenses During the year there were no employment or housing costs other than those specified below. Employment arsd housing costs for the Vicar were paid by the Diocese. The PCC employed 4 part-time people: a Parish Admin15trator Ito mid Jan 20251, a Development Manager Ito end May 20251 an Organist, and a Director of Music (from Dec 20251. For all employees the PCC reviews pay levels annually, taking into account the annual rate of inflation. All employees are paid at or above the Real Living Wage. Disc105able transactions Payrnents were made to Alex SSlverman and Tim Muggeridge as Directors of Music. PCC members were relmbursed £1,883 for expenses {2024: £853}. Expenses relate only to the refund of disbursements that would otherwise have been paid for directly by the PCC. Clergy expenses are excluded here but are dlKlosed in Note 4. Donations known to have been received from trustees {PCC members) without condltlons totalled £5,189 {2024: £10,300). siaff costg 2025 Unr•Mrtct•d Funds 2024 Tolal Funds Endowm•nt Total Fuiids Funds R•wirf•d Funds Satsrles and wages Natlonal Insurance Severance costs Total Staff co$ 11,357 65 IiA22 18,656 11,357 65 11,422 18.656 17
Notes to the Financial Statements cont. 6. Tangible Fixed Assets Property Other FIule$. Flttlngs & Equlpment Total Assets Cost As i oi January2025 AJdltlons Wrlrten off Dlsposals Revaiuatlon A5 at 31 Dec•mb•r 2025 490.000 4,436 494,436 116S,000) 1165,0001 325,000 4,436 329,436 Depr•claiion AS at 01 January2025 Charge for the year As al 31 D•c•mb•r 2025 4,136 300 4,436 4,136 300 Nei Bookvaiue AS at 01 January 2025 As i1310ocember 2025 490,000 325,000 300 490,300 325,000 7. Investment Assets Unrnstrlet•d Funds R•strlcl•d Funds Endowm•nl Tolal Fund5 Funds Marketvalue as 01 January 2025 48,740 140.658 189,399 Reallocaiions Addifionslldisposa151 Net galnlllossl on revaluatlon 11.9491 15.6231 17,5721 Markelvalue as a131 December2025 46,792 135,035 181,827 18
Notes to the Financial Statements cont. 8. Debtors 2025 R•slrtM•d EndowmEnt Funds Funds 2024 LlnRJlrt¢t¢d fid$ TotsiFunds Totsl Funds Account5 recdvablt lnc0IMtrecoYerab18 Accrued Incorr PTepaldexpen5es OtheTdebtors 4,733 3.185 1.019 726 4.733 3,308 1.019 726 3.188 317 3143 121 T•W D•bto 9,682 121 9,784 7.347 9. Credltors 2025 Ufir•strfct•d R•slrfct•d Endowm• Fund• Fun•J• Fund 2024 Totsl Fufids Totsl Fufids ACcountsp•18 DEf•rrBd Incomo Ac¢rugd owens PAYE & NI other¢r5 5,859 loo 1,317 382 3,012 8.671 loo 2.638 389 8,541 2,000 iijoo 413 1,319 T•tsicMd• 7A83 4,338 11.801 20253 19
Notes to the Financial Statements cont. 10. Movements in Funds 2024 2025 2925 •rJ5 twp•nd•d lusIffl•mI P4¥uaion fat Ibndj MowJffl•nt In NJndA ToiFundi PAsourc• tndoTn•ni 14.817 22.961 32.880 13,3911 1918 11,3151 15.623 11,421 22.043 Jl.566 UtqunrwstCtyMI Tot4endom•ni 11.J15 15.6231 140,658 135,035 •iITlct•d 2.031 12,0311 i.ofje 21.061 511 16,419 33.004 11201 3,829 1,000 24,018 5a2 14,S84 JJ,004 12.7071 1,67 J,242 39,103 4,767 i.oio corn• 2.J57 2.J57 71 11.453 Chor CnurcnAft Chuthyml Pffjlxi DMIGr4nt DOM Chornl Srolnh Fun E¢lL¢4n FASM I•80BGO0a t11yCWql 391 t37J 14,Mg 117,2481 11.1511 J,245 95 3,291 3.242 1471',1 12,700 39.575 Y,4Y4 i.oio 1521 11,3751 Myron clconClft 97J loo 9,aq9 7ZO 102 P711 12751 11.9571 401 2,089 4.88 450 13,283 421 4,02J 5,373 55 78 1.914 12,801 530 13,3a5 421 4,021 5.7Pg 55 11751 7.933 80 102 P•5wityJn (Wi sthoL RoollpfvJnfj Slv•r Smh Iynw#lkncom• •38 (2341 404 WOC Support Xfflu Trne Pestrlii 1931 11741 33.533 (931 11741 lJg,844 155,902 39.404 1,949 3.982 485.4fjQ 2,J53 5.210 21J9,559 914 1109,3271 12,OJOI 15.304 1105,0001 400,692 l.lJ17 IJ,106',1 15.3041 PASW. De54nath1 D•a 7.109 2.J76 9.215 2,116 500.1532 272,•49 1191.9711 ii•s,0001 411,510 lJ9,12ZI Toi4lPJnO• 797.253 312.312 (230.5041 lJ65,000 ,572 706,490 .7631 20
Notes to the Financial Statements cont. 11. Distribution of Net Assets Prop•rty N•1 AS1$ ToldFuiids tnthim•nt Bdrry Capna Smjth Iciocklcaprtai UrquhartTrusic¥Ui 81.426 22,043 31,560 81,426 22,043 31,5fj8 135,Q35 135.035 App9 1,191J lJ.1981 iry kncoffl• 24,018 502 582 14.564 33,004 12.70711 cno Chuich ArtMJrk5 Churchy Pro DmFrrfl DOM cnor8t Stho¢ttl Fun DutseCourt Garw D0 educatbn FASM JM•Io¥+iftfy)Qd ILiy Ch4>dl LG8T 13,703 33,004 12521 (2.4551 [71 3,242 3,242 33,029 8,074 4,909 I,oio 39.103 4.767 i.oio 889 11421 Carol Concwr 92 1,924 13,125 530 13.3JJ 421 4,021 S,779 55 1151 11741 P21 1.924 12.101 530 13,JQS 421 4.021 5.779 R8stornuon 13241 PTOrtknn P•JoI Sllv Smth tw•r*i thts)mo T•J#eCon5av•Tfft WDCSupport Xm45Trn•Fastyai 11741, 159,944 To111 h•lrlGl•d 41.792 117.389 14,2171 398.492 1.687 2,200 400,692 1.687 1941 UwuhartTNst COMe DM SW. PASaary. Desinatuj 9.225 9.215 TO unf•llMCl•d 409,310 2,200 411.510 T•t41fvnd• 181.827 528.680 12.0171 706.490 21
Notes to the Financial Statements cont. 12. Capital Commitments As at 31st December 2025 the PCC had £nil outstanding approved expenditure (2024: nill. 13. Connected Charlty The PCC is the Managlng Trustee of Leamington Priors All Saints Mlnlstry Fund (Registered Charity 5094951. The object of the charity is to "further the reli8lOUs and other charitable work of the Church of England in the parish" This fund consists of CBF Incorne shares and the Coventry Diocesan Trustees are the Custodian Trustee. The PCC has resolved to make a grant to the general fund of the dividend income as it arises. With the permission of the Coventry Diocesan Trustees, the PCC sold 213.79 shares (value £5,Crf)01 in January 2025. The fund now comprises 6,325.42 CBF income shares. The value of the Fund was £140,414 at 31st December 2025 (£151,204 December 2024). 14. Penslons All Saints Leamlngton Prlors PCC partlclpates in the Pension Builder Scheme section of the Church Workers Pension Fund ICWPFI for lay staff. The Scheme is adminlstered by the Church of England Pensions Board, whlch holds the assets of the schemes separately from those of the Employer and the other participating employers. The CWPF has a section known as the Defined Benefit5 Scheme, a deferred annuity section known as Pension Bullder Classic and a cash balance section known as Penslon Bullder 2014. Penslon Bullder Scheme The Pension Bullder Scheme of the Church Workers Pension Fund is made up of two sectlons, Pension Bullder Classlc and Pension Builder 2014, both of which are cla55ed as defined benefit schemes. Thls Is a cash balance scheme paylng a lump Sum to members on retirement for thelr use In providing benefits. Pension contributlons are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable frorn members, Normal Pension Age. There is no subdivision of assets between employers in each section of the Pension Bullder Scheme. The Scheme is a multi-employer scheme as described in Section 28 of FRS 102 as it is not possible to attrlbute the Pension Builder Scheme's assets and Ilabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are contrlbutlons payable12025: £0. 2024 £01. A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31st December 2024. For the Pension Builder 2014 section, the estimated valuation at 31 December 2024 revealed a surplu5 of £18.7m based on the ongoinq assumptlons used. There Is no requirement for deficit payments at the current tlme. Durlng 2025 we had no member of staff contributing to The Pension Builder Scheme. 22