## **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: * Select suitable accounting policies and then apply them consistently * Make judgements and estimates that are reasonable and prudent * Follow applicable accounting standards and statements of recommended practice, 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 charity will remain in operation. ## 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