**Village Street Edwalton Nottingham NG12 4AB** # **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE CHURCH OF THE HOLY ROOD, EDWALTON** **ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2025** **Registered Charity Number 1133017** Indèpendent ExamlMrf8 Report to the members of the ParochSal Church Councll of Thè Church of thè Holy Rood, Edwalton I report on my eXaMinat￿n of the accounts for the year ended 31 December 2025. Responslblllties and ba818 of report As the mèmbers of thè PCC you ar8 responsible for thè prèparation of thè accounts in accordanc8 with the r8quir8ments of the Charitk8S Act 2011 {'Ihe Acl'l. You consider thal an audit is not required for this year under section 14412} of the Act, bul that an independent examination is required. I reporl in respect of my 6xamination of the accounts carried out under section 145 of the Act and in carrying oul my examination I have followed all applicable Directions given by the Charity Commission under sectson 145(5}Ib} of the Act. Ind•pond8nt •xamln•Vs statèmènl I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo b81iev8 that in any material respect.. accounting records were not kept as required by section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applieable requirem8nls conc8rning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I confimi that there are no other matters to which your att&ntion should be drawn lo enable a proper understanding of the accounts lo be reached. Debbie Caine FCCA CTA ACA 2 Peveril Drive Wesl Bridgford Nollingham NG2 7AU 10 April 2026 ## **FINANCIAL REVIEW FOR THE YEAR ENDED 31[st] DECEMBER 2025** ## **General Income and Expenditure Account** The General Income & Expenditure Account for the year ended 31[st] December 2025 shows a deficit before transfers from other reserves of £40,474. This compares with a deficit of £32,183 in the preceding year. Regular giving income increased by around 5% during 2025, and income from the hire of the Church Hall/Meeting Room was nearly 9% higher than last year. Our overall General Income in 2025 was around 4% higher than in 2024. Expenditure has been overseen by the PCC Finance Committee throughout the year. Our Parish Share was nearly 5% higher than in 2024. Salary costs increased by around 13% (excluding our Children & Families Pioneer worker, paid from the Parish Investment Fund, see below). We spent around £15,000 on trees, paths, squirrel ingress, our Quinquennial Inspection and subsequent roof repairs. Our overall General Expenditure was around 10% higher than in 2024. In line with Church of England recommended practice, it is our policy to maintain as a reserve an amount equivalent to approximately three months expenditure (eg around £25,000) for contingency purposes. During 2025, the PCC agreed to transfer £45,000 from our Designated Fund Accounts in order to maintain adequate cash reserves. At the end of the year the cash balance in our Unrestricted Accounts was £19,836. ## **Designated Fund Accounts and Investments** We have three ongoing Designated Fund Accounts: - The Hall Renewal Fund: designated for the renewal/rebuilding of the Church Hall - The Parish Investment Fund: designated for supporting an employee who will develop/promote the ministry and mission of the church in the Parish of Edwalton - The Church Fabric and Churchyard Maintenance Fund: designated for supporting work on the church and surrounding site that cannot be fully funded from within the General Account. The interest from our three Designated Fund Accounts in 2025 totalled £35,100 (2.7%); some of this was re-invested. During the year we transferred £45,000 to our General Account (see above) and £3500 to our Charitable Fund (see below). During 2025 we spent around £22,500 on our Children & Families Pioneer and associated activities (our Children & Families Pioneer left us in October). We also spent around £2000 exploring options for redeveloping our Church Hall. We received a contribution of £1500 towards replacement of the access ladder in the tower; this work has not yet started. During 2025, the investments within some of the Designated Fund Accounts increased in capital value while others decreased; our Hall Renewal Fund decreased by around 4% while our Parish Investment Fund increased by around 5%. As a result of these activities summarised above the overall value of our Designated Fund Accounts, including funds in our deposit and current accounts, decreased by £49,000 (3.8%) during the year. At 31[st] December 2025 the values of these three ongoing Designated Fund Accounts were Hall Renewal Fund - £810,121 Parish Investment Fund - £441,672 Church Fabric and Churchyard Maintenance Fund - £3928 We received the original legacy from the estate of John Hill in 2015; this was used to establish our Parish Investment and Hall Renewal Funds. Since then the combined net value of these two Funds, after allowing for transfers and expenditure over the ten-year period, has increased by £251,000. ## **Holy Rood Charitable Fund** In 2023 we established the designated Holy Rood Charitable Fund, allocating 10% of the previous year’s interest and dividends to provide grants for local organisations that are seeking to address social or environmental needs in the local area. During 2025 we allocated £3500, from which we made four grants totalling £1864, to Tara’s Angels, Edwalton Food Hub, Friary Scouts and Rushcliffe Toy Appeal. The remaining money will be carried forward to 2026; we have now accumulated unspent funds amounting to £4025. ## **Heritage Fund** There was no activity relating to our designated Heritage Fund Cultural Grant of £11,100. Most of the income and expenditure occurred during 2021, with only a residual amount, £1133, remaining in the accounts at the end of 2025. ## **Legacy Policy** In 2016 the PCC established a policy whereby, wherever possible, legacy gifts are used to help fund development projects, whether buildings, equipment or staff. We encourage people to leave gifts in their wills for the general purposes of the church rather than for a restricted purpose. We are happy to discuss the possible uses of such gifts with the executors, bearing in mind the areas of interest of the deceased and the priorities of the church at the time. The PCC makes a decision and the executors are informed regarding the use to which the money is being put. A legacy of £2000 received during 2025 was used to offset some of our General Expenditure. ## **Charitable Donations and Fundraising** In addition to our Charitable Fund Grants (see above), during 2025 we raised £1600 at our Christmas Tree Festival which was donated to Nottinghamshire Hospice, and we raised £220 at our wine tasting hosted by Weavers, which was donated to Christians Against Poverty. We also raised £100 for the Childrens Society. David Batte (Treasurer), 7 April 2026