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2025-12-31-accounts

Princes Risborough with Ilmer Parochial Church Council

Trustees' Annual Report for the year ended 31 December 2025

The Parochial Church Council (PCC) presents its Annual Report for the year ended 31 December 2025

Reference and administrative information

The PCC is a Registered Charity. Its Charity Registration Number is 1133923.

The address of the Church Office is St Mary's Parish Office, Church Lane, Princes Risborough HP27 9AA

The Trustees, members of the PCC who have served at any time from 1st January 2025 until the date this report was approved, are:

Basis of appointment
The Revd Stephen Benoy, PCC Chairman Ex officio From 26 November 2025
The Revd Canon David Williams, PCC Chairman Ex officio Until 11 January 2025
The Revd Sue Hughes Ex officio Until 30 June 2025
The Revd Andrew Walmsley Ex officio
Tony Eccleston LLM Ex officio
Alex Rees LLM Ex officio
Neil Dyson, Churchwarden Elected
Heather Hardy, Churchwarden Elected
Roger Arthey, Assistant Churchwarden Elected
Peter Wynn, Assistant Churchwarden Elected Until 29 April 2025
Louise Fell, PCC Secretary Elected Until 20 March 2025
Kathryn Trout, PCC Secretary Elected
Chris McGough, Treasurer Co-opted
Claire Barbary Co-opted
Debby Cadwallader Deanery Synod representative
Peter Cline Elected From 29 April 2025
Carole Edwards Elected
Bridget Gillman Elected From 29 April 2025
John Hardy Deanery Synod representative
Tim Horton Elected
Helen Lidington Elected
Bryan Matthew Elected From 29 April 2025
Eleanor McGregor Elected
Hannah Moore Elected From 29 April 2025
Ronel Murray Elected From 29 April 2025 to 21 June 2025
Susan Seward Elected From 29 April 2025
David Stephenson Elected Until 29 April 2025

Principal advisers: Bankers: CAF Bank, West Malling, Kent, TSB Aylesbury & NatWest Thame Independent Examiner: Steve Marks, Marks Accounting Services, 10 Chesterfield Close, Stone, Aylesbury, Bucks.

Structure, governance and management

The PCC has been formed under the Parochial Church Council (Powers) Measure 1956. The PCC is a Registered Charity.

The appointment of PCC members is governed by and set out in the Church Representation Rules. PCC members are recruited in a number of ways. The clergy, churchwardens and the treasurer are members by virtue of their office. Deanery Synod representatives are elected by the Annual Parochial Church Meeting (APCM) and hold office for three years. Other members of the PCC are elected annually at the APCM, for a three-year term of office. Additional members are co-opted for specific skills they possess.

New PCC members are provided with induction training, and PCC members are provided with training as necessary to enable them to carry out their role effectively. All PCC members complete safeguarding training at basic and foundation level, or at a higher level if needed by other roles in church life.

The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.

The PCC is responsible for all parish finance, its management and control, including the appointment of a treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006, the Charities Act 2011 and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP (FRS102). The PCC is also responsible for safeguarding their assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is also required to ensure that the financial statements are examined by an independent examiner or auditor prior to presentation to the Annual Parochial Church Meeting.

1

In preparing the financial statements, the PCC is required to:

There are the following committees and groups:

Standing Committee - This committee consists of the Rector, the Churchwardens, the Assistant Churchwardens, the PCC Secretary, and the Treasurer. It has power to transact the business of the PCC between PCC meetings, reporting to the full PCC as appropriate. It also oversees financial matters: considering and recommending to the PCC the budget for the coming year and monitoring expenditure against that budget. Groups reporting to the PCC include the Stewardship Team, the Church Hall Committee, Project Launchpad, the Children's Worker Project Management group, the Technology Advisory group.

The Church is part of the Aylesbury Deanery, which is part of the Diocese of Oxford.

Risks and reserves

The PCC has reviewed all the risks faced by the Church and has put in place measures aimed at managing those risks. The PCC has examined the charity’s requirements for reserves in the light of the main risks to the organisation. These risks include the costs of maintaining a medieval building which can suffer from sudden deterioration that is expensive to remedy. The PCC has established a policy whereby money should only be kept in reserve for specific reasons – whilst the Bible clearly indicates that we should not hoard it is also clear that sensible planning for known events and responsibly for others (including employees) is important.

The Policy is to have two months running costs in free reserves in case of a major problem (£40.8k). In addition to have a further two month’s staff salaries in free reserves (£7.8k). We wish to hold £3k in free reserves to cover additional costs of major work items and maintenance expected in 2026. Furthermore, the Church Hall have identified a need to hold £10k in free reserves to cover their operations and expected capital outlays. The monies identified above to be held in free reserves equate to £61.6k. The church has identified the possibility of major ecumenical local mission activities possibly starting in 2026. A decision has been made to identify and ensure sufficient reserves are held in addition to the amounts discussed above once any such projects are scoped and costings become known. It is projected that St Mary’s hold sufficient free reserves to meet the reserves policy. The reserves policy and position is to be reviewed at least annually.

Objectives and activities

The objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as 'to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'.

As a Church family and as individuals, Princes Risborough Parish Church aims to offer worship worthy of the living God. We aim to be an open, welcoming, prayerful, Bible-centred, Spirit-filled church that is for all ages and led by God: where lives are changed and people go out committed to being active disciples for Jesus. Our vision is: "Sharing the love of Christ with all".

The PCC has reviewed priorities and put in place a series of courses to encourage us in our discipleship, together with opportunities for corporate prayer, both in-person and online. A trained prayer ministry team is ready to respond to those seeking prayer. Life Groups (small groups where members share an interest, meet regularly and pray for each other) have continued during the year.

The Church has a long track record of giving 20% of its budgeted income each year to other organisations involved in mission in the UK and overseas or involved in humanitarian relief and development work. Members of the Congregation are invited each summer to propose charities to receive awards. Submissions are collated and put to the PCC, which votes on which charities it wishes to support in the following year. However, during 2023 and 2024 the PCC voted to reduce giving to 15%, and to 10% in 2025, to help reduce the high deficit we were running throughout much of each year.

The church relies on the voluntary work of so many people within the church, and the PCC very much appreciates their service to the church and our local community.

Achievements and performance

As a town centre Church, we have been able to offer a wide range of services for our congregations and the people of this town, some of which we have been able to livestream so that people can join us online, and in addition to the regular services we have offered special services throughout the year for the wider community.

The PCC champions three mission priorities of: Discipleship, Mission, and Children Youth and Families, with a view that these would remain our focus areas for the coming years. Underpinning our life at St Mary's and St Peter's is our shared set of core values, these being Prayer, Discipleship and Generosity.

In addition to worship offered in the Church building, we have engaged actively with our three Missional Priorities: holding discipleship courses and encouraging personal discipleship, holding Sunday morning children’s work, Sunday evening youth group, activities and events for young families like Play Café and Messy Church, Saturday breakfasts and our monthly Lunch Club & Tea for All for the elderly. We also support The Yurt and Maker & Fixer missional communities in and around Princes Risborough. In all these things we have sought to be true to our Mission Statement to ‘Share the Love of Christ with all’. Pastoral care has continued to be a major part of our ministry.

The electoral roll has dropped by fifty six to 116, following the quinquennial revision of the roll.

2

Financial review

The result for Princes Risborough with Ilmer PCC in the year has been an overall net surplus of £19,418. This is made up of a surplus for St Mary's of £28,186, a loss for St Peter's of £1,516, a surplus for the Church Hall of £7,443 and unrealised Investment losses of £14,694. Parish Share was 40% of total expenditure as shown in the P&L account for Princes Risborough with Ilmer PCC.

A legacy of £5,000 was gratefully received during the year and restricted for use supporting the fabric of the building. This legacy was fully used in 2025.

The PCC is projecting a deficit of £34,548 for the year to 31 December 2026, and has underwritten this from free reserves. Furthermore, major roof repair work is needed at St Peter's church which has not been included in the 2026 budget. There is an urgency to undertake this work, however, the PCC has decided work cannot commence until separate fundraising efforts have been fruitful. The current estimate for the work is likely in several hundred thousand pounds. The PCC is exporing options.

Conclusion

As Rector, I arrived in the final month of the 2025 financial year, after the church experiencing almost a full year of vacancy. It was immediately apparent that, whilst the year had been financially demanding, the PCC had taken prudent steps to address this in the absence of a rector, whilst also ensuring that the core business of the church remained supported and fruitful. This included not only sustaining established work but beginning new initiatives in the launch of the youth group and the recruitment of a Children & Families Minister to start in 2026. This is impressive, and much credit is due to the church wardens, standing committee, PCC, staff team and the many church members leading & serving in the various activities comprising church life. Whilst there remains work to be done to address an underlying deficit, work is underway on this. There is realism, blended with a prayerful and hopeful imagination for the future, which makes for a healthy environment for a new season of growth.

Approved by the PCC and signed on its behalf by

25 March 2026

3

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR 2025

Incoming Resources
Note
Incoming resources from generated
Total Incoming Resources
Resources Used
Total Resources Used
Net Resources
Incoming/outgoing
Revaluation of investment
assets
4 (b)
Movement in Funds
Balances on 1stJanuary
2025
Year end adjustment
Balances on 31st
December 2025
Fundraising
Administration
3(c)
3(d)
Church Activities
3(b)
Grants
3(a)
2(d)
From donors
Other voluntary income
2(b)
2(a)
Charitable & ancillary
trading
2(c)
From investments		 £
funds:
262,509
228,407
34,102
34,102
272,407
-
306,509

-
751
205,614
19,297
Unrestricted
Funds

206,172
14,195
22,846
22,042		 £
0
-
0
0
592
592
-
-
-
-
Restricted
Funds
-
0
-		 Endowment
Funds
£
10
-
10
-14,694
-14,684
368,369
-
-
353,685




10



 Total
2025
£
262,519
228,407
34,113
-14,694
19,418
641,368
1

660,785
751
-
205,614
19,307
14,195
22,042
22,846
206,172













Total
2024
£
277,002
270,755
6,247
8,225
14,471
626,897
641,367
707
-
233,066
20,497
224,514
9,435
36,983
22,556













4

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2025

----- Start of picture text -----
Note 2025 2024
£ £
Fixed and Investment Assets
Tangible fixed assets 4(a) 51,800 53,123
Investment assets 4(b) 353,685 368,369
Sub-total of fixed assets 405,485 421,492
Current Assets
Cash at bank or undeposited 15,403 10,410
Short term deposits 238,282 200,422
Tax recoverable 21,414 20,780
Debtors 0 0
Prepayment 8,096 7,973
Sub-total of current assets 283,195 239,585
Liabilities
Short term Creditors 5 (a) 27,895 19,710
Sub-total of liabilities 27,895 19,710
Net Assets 660,785 641,367
Funds 6
Unrestricted 306,508 272,406
Restricted 592 592
Endowment 353,685 368,369
Total 660,785 641,367
----- End of picture text -----

The notes on the following pages form part of these accounts

5

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2025

Note 1

A Basis of preparation
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011,
applicable accounting standards and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP
(FRS102).
The accounts are drawn up under the historical cost convention as modified by the inclusion of investment assets at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. These accounts 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 total income has exceeded £100,000 in 2025 and the main PCC accounts have been prepared on the accruals basis, in line with
best practice.
B Accounting policies
Funds
Unrestricted funds are general funds available for the general objectives of the Church.
Designated funds are unrestricted funds that have been set aside by the PCC for particular purposes.
Restricted funds can only be used for the purposes for which they have been given, within the objectives of the Church.The cost of
raising and administering such funds are charged against those specific funds.
Endowment funds are restricted funds which must be held permanently and the capital maintained while the income is restricted, or
which are only accessible after giving notice to third parties and complying with conditions to access the capital.
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.
Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Grants and
legacies are recognised as soon as the PCC becomes aware of its legal entitlement and the amount due is quantifiable with
reasonable certainty.
Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.
When incoming resources have related expenditure (as with fundraising income) the incoming resources and the related resources
expended are accounted for gross in the SOFA.
Gifts in kind are accounted for at a reasonable estimate of their value to the Church or the amount actually realised. Gifts in kind for
use by the Church are included in the SOFA as incoming resources when receivable.
Rental income from letting the Church Hall is accounted for when it falls due.
Dividends and interest are accounted for when received and include any recoverable tax.
Realised gains on assets held for the Church's own use are accounted for at the time of sale.
Resources expended
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or
services.
All costs have been directly attributed to the various categories within the SOFA.
Any general support costs have been allocated across activity cost categories on a basis consistent with the use of resources based
on an allocation of actual costs.
As the Church is not registered for VAT, all expenditure is shown inclusive of VAT where applicable
Governance costs include the cost of the preparation of the annual accounts, the cost of PCC meetings and the legal cost of advice
on governance or constitutional matters.
Grants and charitable giving are accounted for when paid over or when awarded.
Parish Share is accounted for when paid except that any Parish Share unpaid at the end of the financial year is provided for in the
accounts as a constructive obligation.

Fixed assets

Consecrated and beneficed property is excluded from the accounts by s.96 {2} {a} of the Charities Act 1993. No value is placed on movable Church Furnishings held by the churchwardens on special trust for the PCC and which require a faculty for their disposal since the PCC considers this to be inalienable property.

Items of equipment where the purchase price exceeds £1,000, for a single item or a group of similar items, are capitalised in the year of purchase.

Depreciation is provided on all tangible fixed assets, except for the Church Hall, at rates calculated to write off the cost evenly over the expected useful economic life of the assets at rates between 20% and 33⅓% of cost per annum. No depreciation is provided on the Church Hall as any charge would not be material due to the long expected useful economic life and because its expected residual value is not materially less than its carrying value.

Current Assets

Investments are valued at market value on 31st December 2025.

6

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2025

Note 2 - INCOMING RESOURCES

£
£
2(a)
From Donors
Planned Giving:
Gift Aided
131,902
Tax Recoverable
33,109
Non Gift Aided
19,853
Collections at services
3,459
Donations
12,849
Legacies
5,000
Sub-totals
206,172 -
2(b)
Donations for Restricted
Purposes
Grants
14,131
Fundraising
64
Sub-totals
14,195 -
2(c)
Fees
7,198
Church Hall Lettings etc
13,544
Chapter House Income
2,104
Sub-totals
22,846 -
2(d)
Rent, Interest & Dividends
19,297 -
262,509 -
Income from Charitable and Ancillary Trading
Other Voluntary Incoming Resources
TOTAL INCOMING RESOURCES
Unrestricted
Funds
Restricted
Funds
Income from Investments		 Endowment
Funds
£






-

-
-
10
10		 Total
2025
£
131,902
33,109
19,853
3,459
12,849
5,000
206,172
14,131
64
14,195
7,198
13,544
2,104
22,846
19,307
262,519





Total
2024
£
125,929
30,036
35,804
5,558
25,187
2,000
224,514
9,340
95
9,435
8,924
12,232
1,400
22,556
20,497
277,002



7

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2025 (continued)

Note 3 - RESOURCES USED

3(a)
3(b)
3(c)
3(d)		 Endowment
Funds
£
£
£
Grants
-

(see list at note 7)
Overseas
7,293

Secular & Home Missions 10,710

Local Charities
2,455

For allocation in 2025 1,584

Sub-totals
22,042 - -
Ministry:
Parish share
91,359

Clergy expenses
3,455

Other Costs
42,859

Church running expenses
32,652

Church maintenance
7,376

Upkeep of churchyard
2,152

Young Church
796

Grants to church
organisations
-

Church Hall running costs
6,323

Major Works:
Repairs
18,643

Churchyard

Projects:
Development Project

Sub-totals
205,614 - -
Fundraising
- - -
Administration & Bank
Charges
751 - -
TOTAL RESOURCES USED
228,407 - -
An amount of £400 has been paid for the annual independent examination.
Activities directly related to the work of the church
Unrestricted
Funds
Restricted
Funds		 Total
2025
£
-
7,293
10,710
2,455
1,584
22,042
91,359
3,455
42,859
32,652
7,376
2,152
796
-
6,323
18,643
-
-
205,614
-
751
228,407

















Total
2024
£
-
13,660
19,874
2,916
533
36,983
99,901
6,648
50,907
35,419
8,251
1,968
2,029
-
9,491
18,452
-
-
233,066
-
707
270,755

8

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2025 (continued)

Note 3 - RESOURCES USED

3(e) Paid Employees
Staff costs
Gross wages, salaries and benefits in kind

Employer's National Insurance costs

Pension costs

Total staff costs

Average number of full time equivalent employees in the year
Charitable activities
Total
Defined contribution pension scheme
Costs of the scheme to the charity for the year
 2025
£
32,761

-

1,201

33,962

1.4
1.4
1,201		 2024
£
39,588
-
974
40,563
1.4
1.4
974

Princes Risborough with Ilmer PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The PCC currently has two active members of the scheme. The PCC contributes 5% of pensionable salary as an employer's pension contribution, plus 0.5% for life insurance.

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes. Princes Risborough with Ilmer PCC participates in the Pension Builder 2014 section, a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions 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, is payable from members' Normal Pensionable Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the scheme were a defined contribution scheme. The pension costs charged to the SoFA in the year are contributions payable (2025: £1,201, 2024: £974).

A valuation of the scheme is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2024. The CWPF actuarial report as at 31 December 2024 shows an estimated funding position for the scheme of £65.6m. The surplus decreased by £14.8m over the last year.

The legal structure of the scheme is such that if another employer fails, Princes Risborough with Ilmer PCC could become responsible for paying a share of that employer’s pension liabilities

3(f) Transactions with members of the PCC and other related parties

None of the trustees have been paid any remuneration, or received any other benefits, in their role as trustees.

The following PCC members are or were also PCC employees: Kathryn Trout (Parish Administrator), Revd. Sue Hughes (Director of Discipleship and Mission). Total remuneration including pension contributions in 2025 was £23,061 (2024: £30,291).

There were no services in 2025 (or 2024) purchased from elected trustee.

Five of the trustees have been reimbursed for expenses for travel, home office costs and parish hospitality, totalling £1,316 (2024: £4,555).

Donations from the trustees totalled £44,357 during the year (2024: £47,401).

9

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2025 (continued)

Note

4
(a)
(b)
5
(a)		 Tangible Fixed assets:
Video System
Projector
Church Hall & Land
Field at Ilmer
Investments:
1. Raper Charity
2. Shares
General Purpose Trust (permanent)
General Church Fund (expendable)
Clifford Road Trust (expendable)
Churchyard Fund (expendable)
Churchyard Trust (permanent)
Church Estate Charity (permanent)
Liabilities
Short Term Creditors
Fixed assets for use by PCC		 Sub-total
Sub-total
Number of
Shares
2,770
691
2,156
540
588
9,151
15,896
2025
£
27,895
27,895		 2025
£
0
0
50,000
1,800
51,800
2025
£
821
821
Original Cost
£
8,000
5,465
5,429
1,904
2,947
12,740
36,485		 Value at end Value at end 2024
£
0
1,323
50,000
1,800
53,123
2024
£
811
811
Value at end		 2024
£
0
1,323
50,000
1,800
53,123
2024
£
811
811
Value at end
2025
£
61,489
15,339
47,860
11,987
13,052
203,137
352,864		 2024
£
64,050
15,978
49,853
12,486
13,596
211,596
367,558

6 Analysis of Net Assets by Fund

Fixed assets
Current Assets		 Unrestricted
Fund
£
51,800
254,708
306,508		 Restricted
Fund
£
592
592		 Endowment
Fund
£
353,685
353,685		 Total
£
405,485
255,300
660,785

10

THE PCC OF ST MARY’S PRINCES RISBOROUGH WITH ST PETER’S ILMER

NOTES TO THE FINANCIAL STATEMENTS FOR 2025 (continued)

Note 7 - CHARITABLE GIVING

(a)
(b)		 St Mary's PCC Resolution
10% of qualifying Income
Allocated to
Overseas
Church Mission Society (Nicci Maxwell)
Hamlin Fistula
St Paul's Castlewellan
less Provision from 2024, allocated in 2025
Home & Secular
The Children's Society
Bible Reading Fellowship
Project Possible
Every Life International
The Princes Risborough Centre
Impact Giving UK Trust
less Provision from 2024, allocated in 2025
Sub-Total
Other Giving-St Mary's
Lighthouse
Longwick leavers' Bibles
St Mary's Hardship Fund
Talking Newspapers
To be allocated in 2026
Sub-Total
Total Outward Giving		 £
£
3,006
1,503
3,006
-222
7,293
3,006
1,503
1,503
1,503
1,503
1,503
-311
10,210
17,503
2,000
235
500
220
1,584
4,539
22,042

11

ST MARY'S PCC

Income and Expenditure for the year ended 31st December 2025

INCOME
Gift Aid Giving
Tax Recoverable
Non Gift Aid Giving
Church Collections
Donations
Donations - designated purposes
Legacies
Grants received
Fund Raising
Fees
Bank Interest
CBF Interest
CBF Dividends
Chapter House income
TOTAL INCOME
EXPENSES
Viewpoint
PCC Giving by Resolution
Donations to Charity
Parish Share
Rector & Rectory Expenses
Church Office Expenses
General
Wages
Curate Expenses & Training
Assistant clergy
Heat, Light & Water
Insurance
Upkeep of Services
Choir & Music Expenses
Outreach
Discipleship
Churchyard Expenditure
Minor Maintenance
Bank Charges
Administration
Communication
Children's and Youth Ministry
Major Works
Depreciation
TOTAL EXPENSES
NET INCOME/DEFICIT		 Unrestricted
General
£
131,902
33,109
19,853
2,124
8,192
-
-
14,131
64
7,198
148
7,901
9,769
2,104
236,494
-
2,955
89,843
1,975
5,858
26,667
1,480
-
12,624
7,589
3,686
3,873
10,248
85
6,564
144
607
768
796
18,643
1,323
195,729
40,765
 Unrestricted
Restricted
Designated
£
£
3,660
5,000
3,660
5,000
19,087
2,152
21,239
-
17,579
-
5,000		 Total
2025
£
131,902
33,109
19,853
2,124
8,192
3,660
5,000
14,131
64
7,198
148
7,901
9,769
2,104
245,154
-
19,087
2,955
89,843
1,975
5,858
26,667
1,480
-
12,624
7,589
3,686
3,873
10,248
85
2,152
6,564
144
607
768
796
18,643
1,323
216,968
28,186
750		 Pull Total
2024
£
125,929
30,036
35,804
4,255
20,869
3,895
-
9,340
95
7,202
160
9,330
9,541
1,400
257,856
-
33,317
3,666
98,236
4,637
6,290
25,182
2,011
-
13,825
7,402
3,748
2,280
18,556
878
1,968
5,945
147
560
949
2,029
16,453
4,300
252,381
5,475
from Missi
-

12

ST MARY'S PCC Balance Sheet as at 31st December 2025

FIXED ASSETS
Equipment & Depreciation
Church Hall & Land
CBF Investment Funds - Permanent
CBF Investment Funds - Expendable
TOTAL FIXED ASSETS
CURRENT ASSETS
Income Tax due on Gift Aid
Prepayments
Accounts receivable
Current/savings accounts
TOTAL CURRENT ASSETS
CURRENT LIABILITIES
Accounts Payable
TOTAL CURRENT LIABIITIES
NET CURRENT ASSETS (see page 14)
NET ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
EQUITY
Opening Balance Equity
Change in value of Equity
Surplus for the year
TOTAL EQUITY
Current Assets designated as
Sacred Garden Fund
Children's ministry (designated)
Legacy funds (designated for mission priorities)
General (unrestricted and non-designated) monies
Totals (see page 14)		 Note
A
B
C
C
D
E
F
G
H
General
£
134,780
134,780		 Designated
£
25,000
51,737
76,737		 £
£
0
50,000
276,613
76,251
402,864
21,414
8,096
0
210,494
240,004
27,895
27,895
212,109
614,973
601,482
-14,694
28,186
614,973
Restricted
Total
£
£
592.00
592
25,000
51,737
134,780
592.00
212,109

13

ST MARY'S PCC Notes to the PCC Balance Sheet as at 31st December 2025

Note FIXED ASSETS
A Equipment & Depreciation Dishwasher: Accumulated depreciation -2,229
Dishwasher 2,229
Total Dishwasher 0
Video System: Accumulated depreciation -14,890
Video System 14,890
Total Video System 0
Projector: Accumulated depreciation -6,614
Projector 6,614
Total Projector 0
B Church Hall & Land Church Hall 50,000
C CBF Investment Funds General Church Fund (Expendable): Revaluation of asset -639
General Church Fund (Exp) - Other 15,978
Total General Church Fund (Expendable) 15,339
Church Estate Charity (Permanent): Revaluation of asset -8,459
Church Estate Charity (Perm) - Other 211,596
Total Church Estate Charity (Permanent) 203,137
Churchyard Permanent Fund (Permanent): Revaluation of asset -499
Churchyard Permanent Fund (Perm) - Other 12,486
Total Churchyard Permanent Fund (Permanent) 11,987
Churchyard Trust (Expendable): Revaluation of asset -544
Churchyard Trust (Perm) - Other 13,596
Total Churchyard Trust (Expendable) 13,052
Clifford Road Trust (Expendable): Revaluation of asset -1,993
Clifford Road Trust (Exp) - Other 49,853
Total Clifford Road Trust (Expendable) 47,860
General Purposes Trust (Permanent): Revaluation of asset -2,561
General Purposes Trust (Perm) - Other 64,050
Total General Purposes Trust (Permanent) 61,489
Total CBF Investment Funds 352,864
TOTAL FIXED ASSETS 402,864
CURRENT ASSETS
D Other Current Assets Income Tax due on Gift Aid 21,414
E Total Other Current Assets Prepayments 8,096 29,510
F Accounts Receivable 0
G Current/Savings accounts Natwest Current A/c 4,238
Giving Bank A/c 120
CBF General Deposit 196,460
Chapter House Catering Bank A/c 1,193
Total Current/Savings CAF Bank 8,483 210,494
TOTAL CURRENT ASSETS 240,004
CURRENT LIABILITIES Accounts Payable 8,807
H Accounts Payable Unearned income (designated children's ministry donations) 13,347
Credit Cards 369
Accrual for Gas charges 0
Accrual for Electricity charges 0
Accrual for Charitable Giving 2,972
Accrual for Fees 699
Accrual for Collection 0
Accrual for Care for Creation grant 250
Accrual for Outreach 410
Accrual for Major Works 1,042
TOTAL CURRENT LIABIITIES 27,895
NET CURRENT ASSETS (see page 13) 212,109
NET ASSETS 614,973

14

ST PETER'S ILMER

Income & Expenditure for the year ended 31st December 2025

Unrestricted
Endowment
Funds
Funds
£
£
INCOME
Collections
1,335

Donations
653

Legacies
-

Grants
-

Fees
-

Rent
60

Roof appeal
345

Interest (Income Reinvestment)
1,197 10
TOTAL INCOME
3,589
10
EXPENSES
Parish Share
1,517

Heat & Light
1,061

Insurance
1,666

Maintenance
812

Charities
-

Services
60

Major Works
-

TOTAL EXPENSES
5,116
-
NET MOVEMENT
-
FIXED ASSETS
:
Tangible:
Investment:
CURRENT ASSETS
:
Current Assets designated as
General
Designated
£
£
Legacy funds (designated for mission)
2,000
Income (designated for roof repairs)
12,900
Net Movement in 2025
Raper Charity
Current Account
On Deposit
Field at Ilmer		 2025
Total
£
1,335

653

-

-

-

60

345

1,207

3,599
.
1,517

1,061

1,666

812

-

60

-

5,116
-1,516
2025
£
1,800
821
-624
24,848
26,845
-1,516
Restricted
£		 2024
Total
£
1,304
248
2,000
-
1,722
60
31
1,405
6,770
.
1,665
1,118
1,636
2,306
-
160
1,999
8,884
-2,114
2024
£
1,800
811
300
25,451
28,362
-2,114
Total
£
2,000
12,900

15

ST MARY'S CHURCH HALL

Income & Expenditure for the year ended 31st December 2025

StagePlus
Refurbishment
CURRENT ASSETS
:
Preschool
INCOME
Gas
Slimming World
Weekday Lettings
Weekend Lettings
TOTAL INCOME
Deposit Interest
EXPENSES
Electricity
Assets b/f at 1 Jan 2025
Balance c/f at 31 Dec 2025
Water
Cleaner
Insurance
Maintenance & Repairs
Sundries
Equipment
TOTAL EXPENSES
NET MOVEMENT
Cash at bank
On Deposit





2025
Total
-
2,240
4,648
5,416
1,240
222
13,766
793
1,192
269
2,134
1,279
776
125
-
293
6,323
7,443
11,524
18,967
2025
1,993
16,974
18,967




2024
Total
4,560
-
2,589
3,872
1,211
144
12,376



-









834
1,265
670
2,038
1,243
2,064
977
-
400
9,491







2,885
8,639
11,524
2025
372
11,152
11,524

There have been no major works in 2025. The loss of income from the Pre-School in the summer 2024 has more than been made up for with increases in other hall lettings.

16

The F ST hlARY'S PRINCE PAROCHIAL CHURCH COUNCIL. Rl I report on the accounts for year ended 31 December 2025 which ar8 set out on pages 4 to 16 of the Annual Report. Respectlve responsibilltles of Tru8to08 and Examlner. The Charity's Trustses are reSpl￿31￿e for the preparation of the accounts. The Trustees nsiderthat an Audit Is nol requlr8(I for thls y8ar, bui con8lder that an Independent examination Trs needed. It 18 my re8ponsibllty to:. Examin8 the aouunts in accordance with Charitie$ Act and comply wtth their procedures. Report any particular matters whi¢h have como to my attentK)n. Basls of Independent Exomlnatlon. My examination was carried out In accordan￿ 7Mth direcaions IssL￿ by the Charity Commisslon and in¢ude$ a review of the aco)unling records. Thi8 procedure does not provide all the evidence that would be required in a full audil and consequently no opinion ts given Tegarding a true and fair view In connectlon with my examination, there are no matters which need to be reported upon and there are no matters in my opinton which need to be raised to enable the understanding of these accounts . S. Marks FMAAT. 10 Ch8Steffield Close. Stone Aylesbury. Dated 9" March 2026. Flle Ref Prfnce8 R Cart 25 17