**REGISTERED CHARITY NUMBER: 1133799** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES, WOLLASTON** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** **Contents of the Financial Statements for the Year Ended 31 December 2025** |Report of the Trustees
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|**Page**| |---|---| ||
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9-17| ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Report of the Trustees for the Year Ended 31 December 2025** The PCC members (the trustees) present their annual report and the independently examined financial statements for the year ended 31 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” and the Church Accounting Regulations 2006, in preparing the annual report and financial statements of the charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** St James’ PCC co-operates with the church wardens and the Associate Priest (incumbent status) in exercising the whole ministry of the Church within the ecclesiastical parish of Wollaston. The correspondence address is St James’ Church, Belfry Drive, Wollaston, Stourbridge, DY8 3SE. The Parochial Church Council of the Ecclesiastical Parish of St James, Wollaston, is a Registered Charity, number 1133799. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with Church Representation Rules. The members who have served during the period from 1 January 2025 until the date this report was approved were: |Vicar|Rev. Diana Farmer|Chair| |---|---|---| |Associate Priest|Rev. Carol Weston|| |Treasurer|Mr. John Nicholson|Vice Chair until 11thMay 2025| |Wardens|Mr. Richard Green|| ||Mr. Atanas Yordanov|| |Deanery Synod Representatives|Mr. Richard Green|| ||Mr. John Nicholson|| |Elected Members|Miss Linda Button|| ||Mr. Brian Dudley|| ||Mrs. Diana Hemming
|term of office ended 11thMay 2025| ||Mrs. Janet Tribbel|| ||Mr. Atanas Yordonov|Vice Chair from 11thMay 2025| ||Mrs Josephine Partridge|elected 11thMay 2025| ||Mrs Anne Price|elected 11thMay 2025| |Co-Opted Members|Mr. Christopher Baker|Safeguarding Officer| ||Mrs. Anne Price|until 11thMay 2025| 1 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Report of the Trustees for the Year Ended 31 December 2025** **REFERENCE AND ADMINISTRATIVE DETAILS** (continued..) Accountants RD Accounting Ltd 12C Two Locks Hurst Business Park Brierley Hill West Midlands DY5 1UU Bankers Lloyds TSB Bank PLC 134 High Street Stourbridge West Midlands DY8 1DS Investment Advisors M&G Investments 10 Fenchurch Avenue London EC3M 5AG ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council (Powers) Measure, the Church Representation Rules and, among other legislation, the Charities Act. The Annual Parochial Church Meeting (APCM) was held on 11[th] May 2025. All church attendees have been encouraged to register on the revised electoral roll. The number on the electoral roll, on 30[th] March was 52. We have sadly lost 3 parishioners during the year who have moved away, and 1 new parishioner has been added to the electoral roll. During a count in October 2025, the average adult attendance at a normal Sunday service was 25 whilst that for children (under 16) averaged 5, which shows a decrease in adults and children (this included a school service). The affairs of the Charity are reported to the Parochial Church Council at each of the normal six meetings each year. Custodian Trustee: Worcester Diocesan Board of Finance Managing Trustees: The Parochial Church Council of the Ecclesiastical Parish of St. James, Wollaston The Standing Committee consists of the Vicar, Churchwardens and at least two other PCC members. This is the only committee required by law and has the power to transact business of the PCC between its meetings, subject to any direction of the Council. The Standing Committee meets approximately three weeks before each full meeting of the PCC in order to prepare the agenda for that meeting. It may also meet on occasion to deal with urgent business in between meetings of the full council. The PCC has also appointed one further committee as follows: - Finance Committee – This committee meets to review and manage the ongoing financial position of the church and Trust and to report, and make recommendations, to the full PCC. 2 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Report of the Trustees for the Year Ended 31 December 2025** ## **OBJECTIVES AND ACTIVITIES** The PCC has the responsibility of promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the church building and church hall. The powers conferred on the PCC include responsibility for the financial affairs of the church including the collection and administration of all money raised for church purposes; the keeping of the accounts; and the power to acquire, manage and administer property for church purposes. The PCC is also given power to determine how money will be spent and to appoint and dismiss church staff members and to determine their salaries and conditions of service. The PCC confirms it has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance on public benefit published by the Charities Commission. The PCC is also aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in its administration of the Parish. The PCC believes that, by fulfilling its responsibility to work together with the Incumbent and co-operate in all matters of concern and importance for the promotion of the whole mission of the Church, pastoral, evangelistic and social, it provides a benefit to the public by: - providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; - promoting Christian values, and service by members of the church to the community, to the benefit of individuals and society as a whole. To fulfil these obligations, the PCC is committed to enabling as many people as possible to worship at St James Church on a Sunday. The PCC is aware of its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. The PCC uses the diocesan "Safeguarding Dashboard" to self-assess its compliance with that duty. The PCC’s appointed Parish Safeguarding Officer (PSO) and Incumbent are in regular liaison with the diocesan safeguarding team including submission of the toolkit assessment, processing of DBS checks and taking the advice of the Diocesan Safeguarding Adviser and/or their Assistants. ## **REVIEW OF THE YEAR** 2025 began in a similar vein to 2024 with my own health meaning I was unable to work. However, this, I am glad to say, improved and I was back at work in April. This has meant that the PCC have been able to revisit areas that had had to be postponed. There have been numerous positive things continuing during the year including Messy Vintage and the Third Sunday Breakfasts, which have both increased in popularity; our relationship with St James’ school has further developed and we started the process of applying for a silver Church and School Partnership Award; and six children and three adults were confirmed at a service in June. We have also tackled some outstanding issues relating to our buildings and churchyard; begun work on a new website, replacing church noticeboards, installing an aumbry and addressing some more serious fabric issues such as crumbling stonework and fragile stained glass. Work continues on these, sometimes at a frustratingly slow pace, but we will get there. Our biggest fabric concern in 2025 was our failing boilers. These have been performing well beyond their normal working life for some years, but we finally reached the point where one of the two had to be condemned and parts for the other can no longer be purchased. The PCC have been exploring various options for a replacement heating system which will be effective, efficient and greener. This is not an easy task and regulations about what is allowed now have changed considerably, causing us some additional challenges. We are fortunate to have enough in reserves for a major part of this project to be funded but this will inevitably lead to a more urgent need to address our voluntary giving as this continued to decrease in 2025. 3 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Report of the Trustees for the Year Ended 31 December 2025** ## **REVIEW OF THE YEAR** (continued) Some work has also begun on thinking about a new vision and mission plan for the church and this will be linked to our website development work, and I hope will begin to see fruit in 2026. My thanks to John Nicholson for his work as Treasurer – we would not be where we are without him. Reverend Diana Farmer, Vicar ## **FINANCIAL REVIEW** 2025 was a year of change for several reasons, but the most significant financially was the decision to transfer our endowment investment to an alternative management company. Our investments with CCLA were producing far less than promised – we were receiving as little as 2.6% in dividends, producing a total of just £23,000 for the year. This was a reduction of more than £17,000 on our average return with our previous investment fund manager. Because of the unacceptable reduction in returns, in September, the funds were transferred to M&G Charity Multi Asset Fund which was predicting a minimum return of 4% and an increase in the capital that we had invested. This has so far proved to be a positive move, in that the capital transferred was £917,000 and at the end of the year it had grown to £965,000. Our quarterly dividend received in December was £14,500. We are anticipating approximately £8,500 per quarter for the next three quarterly dividends, yielding a total of £40,000 for the 12-month period. The PCC also took the decision to transfer the monies in account number 2 with CCLA, which was in the same investment fund as our endowment yielding 2.6%, this has been transferred to our deposit account with CCLA, currently paying 3.95%. Once again, we received a generous Ministry Share grant from the Diocese which reduced our figure to £22,958, which we paid in full. Our stewardship income showed another reduction over the year: £12,600 in 2024 down to £9,800 in 2025. As stated last year, our income is heavily supported by the return from investments, donations, and the hall hire income and we need to look for ways to increase our stewardship to enable us to keep pace with rising costs. John Nicholson Hon Treasurer ## **INVESTMENT POLICY** The PCC's investment policy and investments are reviewed annually by the members. The PCC seeks a good level of income and long-term protection from inflation without exposing capital to undue risk. The current policy is to invest some liquid assets in the CCLA’s Church of England Central Board of Finance Fund. Endowment Investments are invested in a Charity Multi Asset Fund with M&G. ## **RESERVES POLICY** The PCC’s policy is to hold reserves of three-month running costs in its unrestricted funds excluding fixed assets. The position on 31 December 2025 was that £15,038 was held in this way (£43,253 on 31 December 2024) which represents 1.8 months of such running costs (2024: 5 months). This also provides for cashflow purposes. Reserves not anticipated to be drawn upon in the short term are subject to the PCC’s Investment Policy. 4 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Report of the Trustees for the Year Ended 31 December 2025** ## **RISK ASSESSMENT** In its decision taking the PCC seeks to identify and mitigate or manage the risks to which it might be exposed. The PCC seeks to review its Safeguarding and Health and Safety policies on an annual basis. Financial risks are regularly reviewed by the PCC and are under the day-to-day control of the Treasurer who is supported by the meetings of the PCC. ## **PCC MEMBERS’ RESPONSIBILITIES** The PCC members are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the PCC members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period. In preparing these financial statements, the PCC members are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation. The PCC members are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. **Approved by the Parochial Church Council on 7[th] April 2026 and signed on its behalf by:** **Rev. Diana Farmer** 5 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Independent Examiners Report for the Year Ended 31 December 2025** ## **Independent Examiner’s Report to the Trustees of The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston for the Year Ended 31 December 2025** I report to the charity trustees of The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston on my examination of the accounts of the PCC for the year ended 31 December 2025. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination 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 145(5)(b) of the Act and the Church Accounting Regulations 2006. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Richard Dunkley FCCA CTA RD Accounting Ltd 12C Two Locks Hurst Business Park Brierley Hill DY5 1UU** **Date : 14[th] April 2026** 6 The Parothial Churth Countil of Thè EttlÈsiastical Parish of Stjames, Wollaston Statèmènt ol Financial Adivity lor thè Year Ended 31 DÈtÈmbèr 2025 2025 Total 2024 Ttstal Funds Fun& Funds I￿oMe and end(r•MeDts from: Donations and legacies ti¥ities for Renerating funds Investrrents Transfer to income 21,333 7.268 5.378 35.858 21.333 31.719 41,236 29,580 36,897 35.918 24,451 35.858 135.8581 Total irKome and endowments 69.837 24.451 94.288 102.395 Expenditure on: Charitsble actrvities Investsrent management costs 94,422 15,560 759 110.741 8,903 113,654 Total expeThJiture 94,422 15,560 9.662 119,644 116,054 Net I￿orne / lexpendrture} Tran5fer5 between Funds 124.5851 8.891 19.6621 125.3561 113.6591 15 Net mo¥ement in funds 124.5851 8.891 19.6621 125.3561 113.6591 Nei ealT￿ll1055esI on inesti) io 13.6301 28.948 25.318 25,885 Net rTKwement ￿ fund5 128.2151 8.891 19.286 1381 12.226 Total funds brou2ht forward 13 43,253 836,796 938.938 1.818.987 1.806,761 Total lundsorried Iotward 13 15A)38 845.687 958.224 IA18.949 1.818,987 All Incon￿ ond expenditure deri¥efrom continuiftq octsvitses ## **The Parochial Church Council of** ## **The Ecclesiastical Parish of St James, Wollaston** ## **Balance Sheet** ## **for the Year Ended 31 December 2025** The financial statements were approved by the PCC on 7[th] April 2026 and were signed on its behalf by: Rev. Diana Farmer – Chair 8 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## 1. **ACCOUNTING POLICIES** ## **General information and basis of preparation** The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Church Accounting Regulations 2006 and UK Generally Accepted Accounting Practice. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements have been prepared on a going concern basis under the historical cost convention except for the valuation of investments which are shown at market value. The financial statements 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. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Incoming Resources** All incoming resources are included in the SOFA when the church becomes legally entitled to the income and when the amount can be quantified with reasonable certainty. Planned giving, collections and donations are recognised when received by or on behalf of the PCC. Grants and legacies are recognised when the PCC is legally entitled to the amount due. Dividends and interest are recognised when the PCC becomes legally entitled to the income. All other income is recognised when received. All incoming resources are accounted for gross. Income tax recoverable on gift aid donations is accounted for when the donation is received, not when the tax refund is received. Realised gains or losses on investments are recognised when the investment is sold. Unrealised gains or losses on investments are accounted for in the valuation of investments at the year end. ## **Resources expended** Grants and donations are accounted for when they are 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 recognized when it is incurred and is accounted for gross. Church activities expenses consist of costs incurred in undertaking the PCC’s work to meet its objectives. ## **Investments** Investments quoted on a recognised stock exchange or whose value derives from them (CIFs, etc) are valued at market value at the year end. 9 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## 1. **ACCOUNTING POLICIES** (continued) ## **Tangible Fixed Assets** Freehold land and buildings represent the cost of building the Church Hall. No depreciation is charged in the financial statements. Capital items are assets used within the church premises and are included at cost and depreciated using rates ranging between 10% and 25% straight line basis, depending on the usual life of the assets. ## **Stocks** Stocks are held at the lower of cost and net realisable value. ## **Debtors** Debtors are valued at transaction price. ## **Short Term Deposits** Short Term Deposits are held in a separate bank account. ## **Liabilities** Liabilities are recognised as soon as the legal or constructive obligation arises. ## **Taxation** The charity is exempt from tax. ## **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 purpose of the PCC. Designated Funds represent funds held by the PCC that have been set aside for a specific purpose. Restricted Funds represent income which may be expended only on the specific object for which they were given. Any balance remaining unspent at the end of each year much be carried forward as a balance on that fund. Currently, the PCC has no restricted funds. Endowment Funds represent a permanent endowment following the receipt of monies following the sale of buildings and land in 1989 which is held in an investment portfolio. The capital element, subject to growth or decline, may not be spent without prior approval from the Charities Commission. The income arising from the fund must only be spent on charitable purposes within the Ecclesiastical Parish of St James, Wollaston. ## **Financial instruments** Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. 10 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## 5. **TRUSTEES’ REMUNERATION AND BENEFITS** Members of the PCC received remuneration or other benefits totaling £1,729 for the year ended 31 December 2025 (2024: £1,022). This is for wedding and funeral fees 11 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## 6. **TRUSTEES’ EXPENSES** There were no Trustee Expenses in the year (2024: £Nil). Members of the PCC who make purchases on behalf of the PCC using their own money are reimbursed for that expenditure only on production of invoices for the purchases involved. Such reimbursed expenditure is not personal to the trustee concerned so are not disclosed. 12 Thè Parothial Churth Countil of Thè Ettlèsiastital Parish of Stjames, Wollaston Notes to thè Finantial Statèmènts forthe Yèar Ended 31 DÈtÈmber 2025 TANGIBLE FIXED ASSEtS Freehold Land Capitsl & Buildings Item5 Tots15 Cost Asat tstjanuary 2025 Additions 538,466 31.230 569.6% Disposals As at 31st December 3]25 538.466 32.459 570.925 Depreclatlon Asat tstjanuary 2025 Charge On disposals As at 31st December 3J25 29.336 29.336 667 667 30,￿3 30,QK13 Net Book Value As at 31st December 3J24 538,460 540,3EIJ As at 31st December 2025 538.406 1450 540.922 13 Thè Parothial Churth Countil of Thè Ettlèsiastital Parish of Stjames, Wollaston Notes to thè Finantial Statèmènts forthe Yèar Ended 31 DÈtÈmber 2025 io. INVESTMEPIts CCiAShaies Designated Marketvalue As at 1st January 2025 Reali5ed & Unreali5ed Gains111055e51 Disposed and withdrawn at 31st Decembei 3)25 210,212 13.6301 1206.5821 Duringthe year. the CCLA share5 were 501d and the moneytran5ferred to a deposit account. CCiA Shares Ernlowment Marketvalue As at 1st January 2025 Disposed and withdrawn Realised & Unrealised Gainslllossesl Transferred to M&G 944.473 121,0231 1917.4501 As at 3tst t)ecember 2025 Duringthe year, the CCLA shares were disposed and the money transferred Into an investment portfolio held with M&G. M&G Portfollo Endowment Markèt Valuè As at 1st January 2025 TransFer in from CCLI 917,450 2.4fM)I 49.971 Disposed and withdrawn Realised & Unrealised Gainslllosses) As at Ilst December 2025 965,021 14 Thè Parothial Churth Countil of Thè Ettlèsiastital Parish of Stjames, Wollaston Notes to thè Finantial Statèmènts forthe Yèar Ended 31 DÈtÈmber 2025 ii. DEBTORS Totsl Totsl 2124 Trade Debtors 474 407 GiftAid 577 Accrued income 5.536 8.920 8.924 Unrestrirted Restricted Endowment 5.516 6,424 8.920 8.924 CREDITORS:AMOUP4TS FALUNG DUE wmiiN ONE YEAR Total Totsl 25 a)24 Trade Creditors 3.631 Accrua15 7.707 othercreditors 271 8.536 Unrestricted 7.ni Restricted Endowrnent 1￿50 8.536 15 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements** ## **for the Year Ended 31 December 2025** ## 14. **FUND DETAILS** ## **Endowment Fund** The Endowment Fund is considered a Permanent Endowment and was established in 1989 following a sale of buildings and land. The capital has to be retained by the Charity and the income can be used for ordinary Church purposes. It is held in M & G Investments. The Endowment Fund cash balance represents expenditure funded out of general fund that can be allocated against the endowment fund. ## **Designated Funds** ## **Parish Legacy Fund** The Parish Legacy Fund is an unrestricted reserve arisen from a legacy. This is held to benefit the Parish and will fund the running of footsteps and providing a children’s worker. ## **Minibus Fund** The Minibus Fund is an unrestricted reserve arisen from a legacy. This is held to purchase a replacement minibus. ## **Hall Fund – Capital** This fund relates to the fixed asset value of the buildings, which are split out as they are not liquid funds. ## **Hall Fund – Income** This fund contains the rental income and direct expenditure relating to the church hall. 16 ## **The Parochial Church Council of The Ecclesiastical Parish of St James, Wollaston** ## **Notes to the Financial Statements for the Year Ended 31 December 2025** ## **Ambry Fund – Capital** This fund relates to the fixed asset value of the item purchased from a donation. ## **Ambry Fund – Income** This fund represents the remaining balance of the donation. ## **Share Dividend Reserve Fund** This fund represents money held in a separate deposit account until a decision is made upon how to spend this money. ## 15. **MAIN TRANSFERS BETWEEN FUNDS** During the year the following transfers were made between funds: Income received on the Endowment Fund was transferred into the General Fund totaling £35,858 on the basis that the income is unrestricted to be used to benefit the Parish. ## 16. **RELATED PARTY TRANSACTIONS** There are no related party transactions in the year. ## 17. **GOING CONCERN** The PCC members consider the PCC to be a going concern for the next 12 months from the date of this report on the basis that the projected voluntary giving, dividend income, fundraising and reserves will be able to sustain the running costs. 17