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[t￿ed
Fund•
ndowffleTht
Funds
IIDt8s
T•l•l Fundi
Totsi Fundi
IrbcomlnrfResourt•i
Voluntarylncome
Grants rOc￿l￿d
Incomefrom Investments
Church ￿t￿tIeS 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 act￿111
sslonaryand ch￿t￿L&ll￿nI
T•ial R•K*uff•iExp•nd•O
196,971
30N4
2￿89
227M15
2,889
184,005
4,064
19•J71
Net In¢onlniR•50urc
IbefcTeotherreCo￿I8￿18aIThS and105Sa51
,8481
5J31
1719171
136.1521
lntw.lund adIustrn￿ts
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
In￿l￿nt&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•L￿NItA￿•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 t￿effIcIentdonatl0n$
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
DI￿dendS
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
I￿75
3,908
130
24,836
2.374
8I83
13.728
1.398
2,527
2,976
T•ial chU￿bA¢ll￿oIS￿lU￿a1ch￿rt
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¥m*nt
Funds
Funds
2024
Funds
Totsl Atndi
70ts1 Fwnds
Dlocesan pth5h 5hp
clerky￿penseS
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
GO￿m￿ce¢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•tslChuWchAcltr￿I1
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
FI￿ule$.
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
lnc0IMt￿recoYerab18
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
￿•￿￿r￿J5
twp•nd•d ￿lusIffl•mI P4¥*uaion fat* Ibndj
MowJffl•nt
In NJndA
Toi*Fundi
PAsourc•
tndo*Tn•ni
14.817
22.961
32.880
13,3911
1918
11,3151
15.623
11,421
22.043
Jl.566
Utqun*rwstCtyMI
Tot4endo*m•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 Sr*olnh* Fun
E¢lL*¢4￿n
FASM
I￿•80￿*BGO0a t1*1yCWql
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 c￿lconClft
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•5wi*tyJn
(Wi sthoL￿
Rooll*p*fvJnfj
Slv•r
Sm*h 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 AS￿1$
ToldFuiids
tnthi*m•nt
Bdrry Capna
Smjth Iciocklcaprtai
UrquhartTrusic¥Ui
81.426
22,043
31,560
81,426
22,043
31,5fj8
135,Q35
135.035
App￿9
1,191J
lJ.1981
iry kncoffl•
24,018
502
582
14.564
33,004
12.70711
cno
Chuich ArtMJrk5
Churchy* Pro
DmFrrf￿l
DOM cnor8t Stho¢￿tt￿l Fun
Duts*eCourt Garw D￿0
educatbn
FASM
JM•Io¥+iftfy)Qd IL*iy 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
P*TOrtknn
P•JoI
Sllv
Smth tw*•r*i thts)mo
T•J#eCon5av•T￿fft
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