_Annual report and financial statements of the Parochial Church Council for the year ending 31 December 2025_ _Foster Lane London EC2V 6HH_ 1 ## **Responsibilities of the Parish Church Council** Under the Church Representation Rules, the Parochial Church Council (‘the Council’) is required to prepare an annual report on its proceedings and on the activities of the Parish generally. It is also required to prepare a financial statement for the financial year that gives a true and fair view of the state of affairs of the Parish at the end of the financial year and of its income and expenditure for that period. These are both presented herein for the year ended 31[st] December 2024. The Council agreed this report at its meeting on 16[th] March 2025. The Council is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Parish and to prevent and detect fraud and other irregularities. The Council confirms that suitable accounting policies have been used and applied consistently; that the financial statements have been prepared on a going concern basis; and that reasonable and prudent judgements and estimates have been made in the preparation of the financial statements. By order of the Council, Paul Kennedy Rector Richard Batchelor Treasurer March 2026 2 ## **Activities of the Parochial Church Council during 2025** The parish of St. Vedast remains committed to making God’s word known to the people and businesses, both ancient and modern of the City of London. The church provides regular Sunday morning and weekday lunchtime services throughout the year. The church and courtyard are open every day for the benefit of the City’s residents, workers and visitors from near and far seeking to worship, find a quiet space or just to look around our historic and beautiful building. 2025 has been another busy year for St Vedast and its various communities in both church and hall not to mention our very special courtyard. At our Epiphany service, we were pleased to welcome the Lord Mayor, Alastair King who joined us for Mass confirming the ongoing link between the parish and the Corporation of the City of London. The Livery companies continued to attend St Vedast for numerous services including the Worshipful Company of Wax Chandlers Candlemas service, the Worshipful Companies of Fanmakers, Engineers, Turners and the Worshipful Company of Woolmen held election services and the Worshipful Company of Goldsmiths attended for their Prime Warden Service Election Day services were held for the Worshipful Companies of Saddlers, Pewterers,, Wax Chandlers, Cordwainers and the Worshipful Company of Plaisterers held their Robing Service. The Worshipful Company of Fanmakers also held a rum tasting event. These various traditional services in the Livery calendar 3 continue the link between the companies and St Vedast which has been ongoing in many cases for centuries. Parish Candlemas was celebrated with the lighting of candles in the courtyard at the start of Mass and a few days later we were delighted to welcome the Dean of St Paul’s Cathedral, the Very Reverend Andrew Tremlett as guest preacher at our St Vedast Day Choral Evensong. As usual, this was a splendid occasion with the church full with congregants from both the weekday and Sunday services, friends and representative from the Livery Companies. The Dean was the first of our guest speakers this year as in March we welcomed Mother Adrian Dannhauser from the Church of the Incarnation, Madison Avenue, our link parish in New York who both presided and preached. She also talked about her interesting book, ”Ask me for a blessing” prompting a lively discussion over post Mass coffee. 4 Later in the year, Father Michael Foley from Christ Episcopal Church Coronado, California, a friend of Fr Robert preached at St Vedast while visiting the UK. Our Lent discussion this year led by Michael McClure focused on “Jung and Religion” not an easy subject but the well prepared talk led to a thoughtful discussion enjoyed by all those present. As usual on Palm Sunday, we joined the donkey led procession at St Ann and St Agnes and on reaching St Vedast the procession lingered as a very happy donkey called Charlie was first given a Franciscan blessing by Fr Paul and then fed a basket of carrots by Cristian which attracted the attention of several passers by. After the Mass on Good Friday, fortified by homemade Hot Cross Buns, we watched the film of “Conclave”, fortuitous timing as we were well prepared to follow procedures of the Holy See when a conclave took place for real following the sad death of Pope Francis not long after. 5 At the Easter Sunday service, we were joined by Fr James Titley from St Lawrence Jewry. The service started in the courtyard with the lighting and blessing of two Pascal candles, one for each church and with individual candles lit, we processed into church. The service was well attended with regular attendees and visitors filling the pews. Changes took place at the Annual Parochial Church Meeting when due to increasing family and work commitments, James Olley resigned as church warden. James had served as church warden for five years. Cristian Riquelme-Faunbez has taken on the mantle and with his usual enthusiasm has already made his mark. His formal admission took place at the Church Wardens’ Admission ceremony which took place at St Martin’s Ludgate conducted by the Archdeacon, Fr Luke Miller. 6 Bell Sunday in May saw a stream of visitors visit the bell tower to inspect the tower and the bells. Ringing Master, Thomas Lawrance and other ringers gave demonstrations and talks about the bells and bell ringing which led to several enquiries about becoming bell ringers. May also saw St Vedast and Fr Paul receive a mention in the court section of The Telegraph newspaper following the marriage of Jeffrey and Juliet Mountevans’ son Julian. Several other couples also chose St Vedast for their nuptials albeit with less fanfare. Parish secretary, Claire Beale generously marked her birthday with a post Mass party where all were invited to partake of sandwiches, cake and wine sitting the sunshine in the courtyard. The courtyard was also the venue for the annual parish barbeque. Over forty people attended to enjoy both meat and veggie options accompanied by a variety of vibrant salads prepared by many members of the 7 congregation and amazing desserts, home made by Nell. Thanks too must go to Paula Kennedy who performed sterling service standing over the barbeque, cooking for hours. As usual, the sun shone encouraging people to linger and chat. The courtyard was also the place to be for the post ordination reception of Doris Barrera-Torrico. Doris has for some time been a familiar face at St Vedast both before commencing her theological studies and during them. Doris has been supported by Fr Paul throughout this time and it was a moving occasion to see her ordained as a deacon at Southwark Cathedral. Doris has obtained a position as an assistant curate at St Peter’s church in Walworth but still keeps in touch. Doris was presented with a Stole and Pastoral Book to mark the occasion. It has been another eventful year for Fr Paul. In August, he returned to Ukraine as part of an humanitarian mission with the Worshipful Company of Woolmen. Three 8 ambulances and a four wheel drive vehicle each full of medical supplies were driven across Europe into Ukraine to be taken to the front line. A talk was given at St Vedast about this essential work on his return. Fr Paul also been appointed Chaplain to the Sheriff of London, Alderman Robert Hughes-Penney. The rôle requires Fr Paul to wear a tricorn hat on certain occasions in addition to his pastoral duties. The then Bishop of Stepney, the Rt Revd Dr Joanne Grenfell presided over a service where four candidates were confirmed. She commented that it was lovely to see two mothers and their daughters be confirmed together. The church was full of their supporters, a truly unique occasion. Further celebrations took place when John Hill marked sixty years at St Vedast. John has held various positions at St Vedast including treasurer and Churchwarden. John remains an active member of the PCC. John was presented with a framed drawing of St Vedast done by our resident artist, Claire Beale. 9 Sadly, at the end of October, Pat Tapsell, a longstanding and much loved member of the St Vedast Family died. Pat had been attending for more years than she could remember and despite a difficult journey and various health problems was a regular attendee. Pat loved to show off her church and regularly invited friends to attend both services and social events. Her funeral was at St Vedast where members of her family were joined by the congregation. A reception took place after the service at Haz, very appropriate as Pat loved to go over the road to Haz for lunch after Mass. 10 Advent was as usual very busy with Carol services and a visit from Bishop Stephen and Rosslie who joined us for Parish breakfast. The parish Advent Evening took the topic: “A reflection on place”. There were Carol services for the Parish Clerks of St Nicholas, Bryanston School, DLA Piper, Bristol Alumni, Moorfields Eye Charity, the Swahili Community, the Ward of Bread Street Club and the Worshipful Companies of Fanmakers, Plaisterers, Engineers, Wax Chandlers, Saddlers, Cutlers, and Goldsmiths. The Parish Carols saw the church full of visitors who joined us for the reception in the Rectory that followed the service. Midnight Mass was very busy with around 180 people attending, some who have been before and others amazed to see how special the church is for the first time. In addition to the four confirmations, there were eight weddings, a Wedding Blessing, three baptisms, a Memorial Service and a funeral. In September the Archdeacon’s visitation took place. Such visitations are supposed the take place every three years but it has been a little longer since we were last visited. Fr Luke spoke separately with Fr Paul, and Fr Robert, then with the administrator, the treasurer, the church wardens and finishing with the PCC. A report was subsequently received and any recommendations acted on. Throughout 2025, the Standing Committee met when required and the Annual Parochial Church Meeting took place as did four meetings of the Parochial Church Council to ensure our statutory obligations are met. Erica Olley resigned as 11 Safeguarding officer and Paula Campos, our administrator has taken on the post and has completed the required training. Safeguarding training has also been done by the church wardens and other members of the Parochial Church Council as required by the Diocese. .A revision of the electoral roll fell due and was undertaken. Attendance took place at the meetings of the City Deanery which take place three times a year. There was also attendance at the Annual Meeting of the Sheriffs and Recorders fund, one of the recipients of our charitable donations. Use of the church and hall by various groups continues to expand. Several choirs used the church and hall for rehearsals and/or performances including the Diversity choir, City Chamber choir, Dechert LLP singers, Roza Hirtzel Choir, Concord Singers, Godwine choir, City Showtunes orchestra, the Bailey Consort Voces 8, Apollo 5, and Stile Antico. Musicians also used the church and piano for practice, rehearsals, concerts and recitals. St Paul’s Cathedral held services including Mass and Evening prayers at St Vedast who also hosted the London Ministry experience scheme. The St Vedast prayer group, St Scolastica meets on the first Monday of every month and the group continues to thrive and grow. The prayer group was established at St Vedast on 10 February 2025, the feast day of St Benedict's twin sister St Scholastica, after whom it was named. It is aimed at those wishing to explore a deeper understanding of the shared monastic life of prayer and contemplation. With just a few members at the 12 outset, numbers have reached about twelve with at least six participating at the monthly prayer cycle and discussions on religious themes. AA groups and Al-anon continued to be regular occupants of the hall together with the Ward of Cheap Club, Bank Speakers and Energy Yoga. A Muslim Prayer Group continues to use the hall for Friday Prayers. Father Moses and the Swahili church also use the church regularly for services. These groups continue to be part of our wider ministry and we value them as part of our community. ## **Bellringing** Numbers are still well below pre-covid levels, but the competence of the band has steadily increased. An ‘Open Day’ on ‘Bell Sunday’ in May attracted the attention of 40 visitors, one of whom has now signed up to learn. Alternative practices were held at St Giles Cripplegate and at Fulham in December to accommodate extra Christmas services at St Vedast. The band also augmented a practice at Stepney, where numbers are also now critically low, enabling them to once again ring all 10 bells. Quarter peals were rung for the Lady Mayor’s Show, and to mourn Pope Francis. Visiting bands rang quarter peals to mark the retirement of the chief Executive of the Saddlers, and for the Ancient Society of College Youths’ dinner day. The tower also hosted visiting bands from Somerset and Kent, the Fire Guild and the Medical Guild. 13 A more unusual display of skills was occasioned by a visit to the Formula 1 Arcade in 1 New Change, despite one member driving half-way round the track in the wrong direction. A more traditional ‘Blew’ trip in July gathered 18 ringers, past and present, to visit Blewbury Water Gardens, the Rajah’s Well and Gray’s Court tudor mansion in Oxfordshire. This may be the last of our ‘colour’ trips, the first being Greensted Green some 30 years ago, as we have finally run out of colours. 14 ## **Fabric and Glebe** Final adjustments were made to the new lighting scheme which was installed during the re-decoration of the nave last year. To comply with the latest health and safety regulations an additional venting system was installed in the boiler room. Planning for the restoration of our organ in 2026 was undertaken and numerous applications made to relevant funds for grants towards the works. Fund raising within our church community raised the funds needed to restore the fountain in the churchyard. Work will take place early in 2026. The old noticeboard on the south wall of the church was replaced and updated. ## **Finance** Running costs were contained to a 3.2% increase over 2024. Income increased or was stable from all sources - an 8% uplift over the previous year. Expenditure on the fabric included a first instalment on the organ renovation to be undertaken in 2026. We had to redeem some of our reserves to cover this cost, while grant applications were slow to produce results. The separate bank account held to manage St Anne and St Agnes restoration funds was closed and the balance invested in shares assigned to future works in the church. 15 Electoral Roll The number on the roll is 56. 16 **----- Start of picture text -----**
Statement of financial activities for the year ended 31 December 2025
Note Unrestricted Restricted TOTAL TOTAL
Funds Funds 2025 2024
£ £
INCOMING RESOURCES
Voluntary income 2(a) 5(a) 51,782 - 51,782 122,283
Activities for generating funds 2(b) 142,237 - 142,237 134,861
Income from investments 2(c) 5(c) 15,146 - 15,146 14,911
Gross income from church activities 2(d) 3,026 - 3,026 1,424
Other incoming resources 2(e) 4(e) 5(e) 93,940 - 93,940 31,407
Transfer from SASA account 7,433 - 7,433 -00
TOTAL INCOMING RESOURCES 313,565 - 313,565 304,885
RESOURCES USED
Church activities 3(a), 6(a) 290,126 - 290,126 225,713
Generation of voluntary income 3(b) - - - -
Fund-raising costs 3(c) 2,817 - 2,817 2,225
Transferred to Investments - - 65,000
TOTAL RESOURCES USED 292,943 - 292,943 292,938
NET INCOMING/(OUTGOING) RESOURCES 20,622 - 20,622 11,947
Gains on investments (unrealised) - - - 19,571
Adjustment re 2024 purchase of CBF Investment Fund -60,000 60,000
Loss on investments (realised) -1,372 - - -
Losses on investments (unrealised) -10,952 - - -
NET MOVEMENT IN FUNDS -51,701 - -51,701 91,518
Balances brought forward at 1 January 789,032 789,032 697,513
Balances carried forward at 31 December 737,331 - 737,331 789,032
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Balance sheet as at 31 December 2025
Note 2025 2024
General Fund 2,3 18,224 2,796
Fabric Fund 5,6 1,206 6,852
Organ Fund 7 - -
Future Capital Fund 4,14 682,364 751,524
St Anne and St Agnes Fund 35,536 27,859
737,331 789,031
Represented by:
Central Board of Finance of the Church of England
Deposit accounts 80,827 77,098
12828.25 Income shares : CBF Investment Fund 8 340,949 355,147
280.97 accumulation shares : CBF Investment Fund 8 35,635 27,858
68329.61 shares : CBF Property Fund 8 98,745 91,791
668.097 M & G Charifund Income Units 8 11,542 9,837
Bank Balance : CAF Bank Main 31,270 22,810
Cash 8 - -
Debtors and prepayments 9 - -
Creditors and deferred income` 10 - -
598,968 584,542
Held in trust by the London Diocesan Fund:
7,769.03 Income shares : CBF Investment Fund 8 138,363 204,489
138,363 204,489
737,331 789,031
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18 ## **Notes to the financial statements** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP (Statement of Recommended Practice) 2005. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, 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. ## **Funds** Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on the fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used for PCC ordinary purposes. ## **Incoming resources** Planned giving, collections and donations are recognised when received. Tax refunds are recognised for the tax year in which they are received - one year in arrears. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and accounted for gross. ## **Fixed assets** Consecrated and benefice property is not included in the accounts in accordance with s.77 of the Charities Act 2011. Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No individual item purchased subsequently has cost more than £1,000 so all such expenditure has been written off when incurred. Investments are valued at market value as at 31st December. 19 |**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**| |---|---|---|---|---| |||||| |**GENERAL FUND**|Unrestricted
Funds|Restricted
Funds|2025|2024| |**2. INCOMING RESOURCES**|£|£|£|£| |2(a)Voluntaryincome||||| |Plannedgiving:||||| |Gift Aid donations|15,757|-|15,757|15,093| |Alms(includingcandle andpublicatio|n
9,852|-|9,852|9,862| |Donations|14,961|-|14,961|12,285| |Income tax recovered|5,812|-|5,812|5,736| |Grants - CityDeaneryFund|1,000|-|1,000|2,680| |Sundrydonations|-|-|-|-| ||47,382|-|47,382|45,657| |2(b)Activities forgeneratingfunds||||| |Parish rate|70,251|-|70,251|66,638| |Church Hall lettings etc.|27,362|-|27,362|24,827| |Glebe Fees|44,625|-|44,625|43,396| |||||| ||142,237|-|142,237|134,861| |2(c)income from investments||||| |Future Capital Fund : Dividends and interest||||| |includingtax recoverable|15,146|-|15,146|14,911| |||||| ||15,146|-|15,146|14,911| |2(d)Gross income from church activities||||| |Service fees|2,654|-|2,654|880| |Hospitality|372|-|372|544| |||||| ||3,026||3,026|1,424| |2(e)Other incomingresources||||| |CityParochial Charities|986|-|986|986| |Bequests|27,985|-|27,985|20,540| |||||| ||28,971|-|28,971|21,526| |||||| |**TOTAL INCOMING RESOURCES**|236,763|-|236,763|218,378| 20 |**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**|**Notes to the financial statements for theyear ended 31 December 2025**| |---|---|---|---|---| |||||| |**GENERAL FUND**|Unrestricted
Funds|Restricted
Funds|TOTAL
2025|TOTAL
2024| |**3. RESOURCES USED**|£|£||| |3(a)Church Activities||||| |Missionaryand Charitable Giving||||| |Overseas|4,500|-|4,500|5,500| |Home|5,000|-|5,000|5,000| ||9,500|-|9,500|10,500| |||||| |Ministry: Contribution to Diocesan|
65,500|-|65,500|62,000| |Other ministrycosts|933|-|933|2,572| |Church runningand maintenance|15,453|-|15,453|14,932| |Salaries and fees|33,493|-|33,493|31,777| |Church Maintenance - cleaning|8,300|-|8,300|8,231| |Stationery, printingandpostage|2,765|-|2,765|1,755| |Organist and choir|20,720|-|20,720|20,434| |Hospitality|1,442|-|1,442|1,469| |Bank charges|56|-|56|65| |Examination fee|1,350|-|1,350|1,320| |Sundries|-|-|-|-| ||159,512|-|159,512|155,055| |3(b)||||| |Stewardshipenvelopes|-|-|-|-| ||-|-|-|-| |3(c)Fund-raisingcosts||||| |Rate collection expenses|2,817|-|2,817|2,225| |||||| |**TOTAL RESOURCES USED**|162,330|-|162,330|157,280| |||||| |||||| |**FUTURE CAPITAL FUND**|Unrestricted
Funds|Restricted
Funds|TOTAL
2025|TOTAL
2024| ||£|£|£|£| |4(e)Other incomingresources|3,506|-|3,506|3,997| |||||| |**TOTAL INCOMING RESOURCE**|**S**
3,506|-|3,506|3,997| |||||| |4(f)Resources used|-|-||-| |||||| |**TOTAL RESOURCES USED**|-|-|-|-| 21 **----- Start of picture text -----**
Notes to the financial statements for the year ended 31 December 2025
8. Gains and losses in investments (realised and unrealised)
The development of St Vedast's portfolio of investments has been detailed in previous annual reports.
Some investments are held directly by the PCC and others held in trust on its behalf by the London Diocesan Fund.
£7,334 was added to the St Anne and St Agnes Fund. £59,000 was withdawn from the LDF holding in CBF Investment Fund.
Dividends from the CBF Property Fund were accumulated in that fund.
Fund Fund Units at Value at Addition / Units at Price at Value at Unrealised Realised
St Vedast reference 31.12.24 31.12.24 Withdrawal 31.12.25 31.12.25 31.12.25 Gain/(Loss) gain / (loss)
Investments pence 2025 £
CBF Investment Fund FCF CB3029348 1539.23 355,147 1539.23 2219.83 340,949 -14,198
income shares
CBF Property Fund FCF CB3029347 75685.44 91,791 79,703.57 123.89 98,745 6,953
CBF Investment Fund SASA CB3029346 443.87 27,858 443.87 6202.96 27,533 -325
accumulation shares
CBF Investment Fund
accumulation
shares:add:on7/4/25 SASA CB3029346 - - 7,433 130.608 6202.96 8,102 669
M&G Charifund FCF 24016252 668 9,837 668 1727.54 11,542 1,705
Held in trust by
London Diocesan Fund
CBF Investment Fund
income shares FCF 123001471S 6233 144,118 6233 2219.83 138,363 -5,755
CBF Investment Fund
income shares:
disposal 22/08/25 FCF 123001471S 2611 60,371 - 2259.7 - - -1,372
689,123 625,233 -10,952 -1,372
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The United Parishes of St Vedast-alias-Foster
Notes to the financial statements for the year ended 31 December 2025
9. Debtors and pre-payments
2025 2024
Sundry debtor - -
- -
10. Creditors and Deferred Income
Sundry creditor - -
- -
11. Depreciation
The Council has never had occasion to capitalise expenditure.
12. Reserves Policy
It is PCC policy to maintain in liquid form a balance of unrestricted funds (if
possible) equivalent to approximately six months' unrestricted payments to cover
emergency situations that may arise from time to time. On 31 December 2025 the
total of such funds was around £80,000, just above the desired target.
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The United Parishes of St Vedast-alias-Foster
Income and Ex enditure accounts
p
GENERAL FUND 2025 2024
Income
Church Rates 70,251 66,638
Collections 9,852 9,862
Donations 14,961 12,285
Gift-Aided Stewardship Giving 15,757 15,093
Tax recovered 5,812 5,736
Voluntary receipts 116,633 109,614
City Parochial Charities 986 986
Interest received on investments 16,140 14,911
Letting of church and parish room 27,362 24,827
Glebe revenue 44,625 43,396
Bequests 27,985 20,540
City Deanery Fund : Grant 1,000 2,680
Hospitality 372 544
Service fees 2,654 880
237,757 218,378
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The United Parish of Saint Vedast-alias-Foster
GENERAL FUND 2025 2024
Expenditure
Clergy 933 2,572
Hospitality 1,442 1,469
Lay staff salaries and fees 33,493 31,777
Liturgical expenses 1,311 953
Organist and choir 20,720 20,434
Rate collection expenses 2,817 2,225
Stationery, printing and postage 2,765 1,755
Sundries 1,406 1,385
Utilities 13,751 13,751
Household / Flowers 390 228
Cleaning 8,300 8,231
Publicity - -
Charitable donations 9,500 10,500
96,830 95,280
London Diocesan Fund (LDF) Quota 65,500 62,000
162,330 157,280
Excess of income over expenditure 75,427 61,098
Transfer to Fabric Fund -60,000 -
Income outstanding at year end - -
Transfer to Future Capital Fund - -60,000
Opening balance 2,796 1,698
Closing balance 18,224 2,796
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25 |**The United Parish of Saint Vedast-alias-Foster**|**The United Parish of Saint Vedast-alias-Foster**||| |---|---|---|---| ||||| |**FABRIC FUND**|**2025**||**2024**| |**Income**|||| |CityChurches Grant Committeegrant|-||42,300| |Donations|500||31,500| |Donations for organ|3,900||2,826| |Donations for St MaryStainingaccess works|-||-| |Interest on CBF Deposit Account|-||-| |Sale of CBF Investmennt Fund shares|59,000||-| |VAT reclaimed|1,568||5,884| ||64,968||82,510| ||||| |**Expenditure**|||| |Insurance|123||123| |Organ|94,303||1,333| |Architect's fees|7,080||4,620| |Bells : maintenance|-||-| |Minor repairs to church and courtyard|||| |Routine repairs and maintenance|7,663||10,097| |Furniture and equipment - other|-||4,774| |Noticeboards|12,678||-| |Nave redecoration|2,195||5,180| |Exceptional repairs|6,572||3,562| |Tower and West Wall|-||38,676| |St A & St A maintenance|-||2,293| ||||| ||130,613||70,658| ||||| |Excess of income over expenditure|-65,646||11,852| |Valuation of investments(gain/loss)|-||-| |Loss on Investments realised|-||-| |Transfer from Organ Fund|-||-| |Transfer from General Fund|60,000||-| |Transfer to St A & St A Fund|-||-5,000| |Openingbalance|6,852||-| |Closingbalance|1,206||6,852| 26 |**The United Parish of Saint Vedast-alias-Foster**||||| |---|---|---|---|---| |||||| |**ORGAN FUND**||**2025**||**2024**| |**Income**||**£**||**£**| |||||| |Interest receivable||-||-| |||-||-| |||||| |**Expenditure**||||| |||||| |Transfer to Fabric Fund||||| |Transfer to Future Capital Fund||-||-| |||-||-| |||||| |Excess of income over expenditure||||| |Openingbalance||-||-| |||||| |Closingbalance||-||-| |||||| |||||| |**FUTURE CAPITAL FUND**||**2025**||**2024**| |**Income**||||| |Interest on CBF Deposit Account||3,506||3,997| |||||| |||3,506||3,997| |||||| |**Expenditure**||||| |Adjustment||-||-| |||-||-| |||||| |Excess of income over expenditure||3,506||3,997| |Valuation of investments -gain/(loss)||-11,295||73,568| |Transfer from General Fund||-||-| |(Loss)/Profit on investments realised||-1,372||-| |Adjustment re 2024purchase of CBF Investment Fund||-60,000||-| |Openingbalance||751,525||673,960| |||||| |Closingbalance||682,364||751,525| |||||| |**ST ANNE & ST AGNES FUND**||**2025**||**2024**| |**Income**||||| |Transfer from Refurbishment Fund||7,334||5,000| |Valuation of investments(gain/loss)||343||1,003| |Openingbalance||27,859||21,855| |||||| |Closingbalance||35,536||27,859| |**The United Parish of Saint Vedast-alias-Foster**||||| |---|---|---|---|---| |||||| |**ORGAN FUND**||**2025**||**2024**| |**Income**||**£**||**£**| |||||| |Interest receivable||-||-| |||-||-| |||||| |**Expenditure**||||| |||||| |Transfer to Fabric Fund||||| |Transfer to Future Capital Fund||-||-| |||-||-| |||||| |Excess of income over expenditure||||| |Openingbalance||-||-| |||||| |Closingbalance||-||-| |||||| |||||| |**FUTURE CAPITAL FUND**||**2025**||**2024**| |**Income**||||| |Interest on CBF Deposit Account||3,506||3,997| |||||| |||3,506||3,997| |||||| |**Expenditure**||||| |Adjustment||-||-| |||-||-| |||||| |Excess of income over expenditure||3,506||3,997| |Valuation of investments -gain/(loss)||-11,295||73,568| |Transfer from General Fund||-||-| |(Loss)/Profit on investments realised||-1,372||-| |Adjustment re 2024purchase of CBF Investment Fund||-60,000||-| |Openingbalance||751,525||673,960| |||||| |Closingbalance||682,364||751,525| |||||| |**ST ANNE & ST AGNES FUND**||**2025**||**2024**| |**Income**||||| |Transfer from Refurbishment Fund||7,334||5,000| |Valuation of investments(gain/loss)||343||1,003| |Openingbalance||27,859||21,855| |||||| |Closingbalance||35,536||27,859| 27 **----- Start of picture text -----**
The United Parish of Saint Vedast-alias-Foster
ST ANNE & ST AGNES REFURBISHMENT FUND
£ £
2025 2024
Income
Interest - 15
- 15
Expenditure
CBF Investment Fund shares 7,334 60
7,334 60
Excess of income over
-7,334 -45
expenditure
Opening balance 7,334 7,380
Closing balance - 7,334
**----- End of picture text -----**
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