REGISTEAEDCHARITY NUMBER: Iia4039 Report of the Trustees and Unaudited Flnancial Statements for the Year Ended 31 December 2025 lor PAROCHIALCHURCH COUNCIL OF ST PEfER & ST PAUL. OLNEY Cobley Desborou8h Chartered Certified Ac£ountants Chirtered Tax Advisers Artisans, House 7 Queen5bridge Narthampton Northamptonshlre NN47BF
PAROCHIAL CHURCH COUNCILOF ST PETER & ST PAUL OLNEY Contents ol the Finan¢ial Ststements for the Year Ended 31 December 2025 Pa8e Réport of the Trusteès Independent Examlner's Report Statement of Flnanclal Attlv5tles Balance Sheet 10 to 11 NDte5 to the Flnanclal Ststements 12 to 2S Detalled Statement of Flnan¢lal Artl¥ltles 26 to 27
PAROCHIAL CHURCH COUNaL OF ST PETER & ST PAUL. OLNÉY Report of the Trustees for the Year Ended 31 De¢ember Z025 The trustee5 present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applitable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Oblectlves and actlvltlès Objective5 and aims The Parochial Church Council IPCCI are representatives of the Church membership who have the responslbility of tooperating with the incumbent and Churchwardens in promoting in the ecclesiastical parlsh the whole misslon of the Church. pastoral. evangelical. socièl and ecumenical in the parish of Olney. They a150 have the responsibility for the management of the Church Hall. DurinB 2023 a parish development exerclse was undertaken to review our vision and misslon. Thls Included surveys of both par15hioners and representatives of or8anisations in the town. The revised vision is that.. Our church is a welcomin8 and caring all-age tommunity rooted in ihe amazing grace of Jesus Christ, worshipping God, Sharing His love and providing a safe space for everyone to explore their falth. We Identified five focus areas to Buide our attivities.. Belng a Welcomlnl Church - makin8 it easier for newcomers to join our church by demystifying church language and providlng a personal welcome. Outreach- sharin8 God'5 love through our invdvement with communlty activities in the town. Unlty and Dlveislty providing different styles of worship and other artivities for all ages, whlle maintainin8 one church Community. Nurturfn8- provldlng ways for Indlvlduals to grow in faith. Or8anlsatlon and Communkatlon - developing consistent communication of all our ¢hurth artivlties to both congregation and externally. Page I
PAROCHIAL CHURCH COUNaL OF sr PETER & ST PAUL. OLNEY Report ol the Trustees for the Year Ended 31 Dember 2025 A¢hievements and performance During 2025 the church was still in interregnum having been so since April 2024 and the first half of the year was occupied with the search for a new incumbent. We were blessed to appoint Fr Ben Lewis a5 Priest in Charge, installed at the beginning of September 2025. The church celebrated its 7CpJth anniversary durinE the year producing an anniversary brochure and hosting events includinB èn art trail curated by Wayne Warren, a Hog Roast, a Peal of Bells, the annual Cherry Fair, on our patronal festival, and a civic seryice led by the newly appointed Bishop of 8uckingham. Church History Days were held in June and September as part of the 700th celebrations and MK Heritage Open Days. These activities raised the profile of ihe church in the town and wider area, culminating in our annual Christmas Tree festival which attracted over l.(K)O individuals to the church. As part of the 700th Anniversary all three schoo15 took part in an art project with their art work displayed on the pillars in the church and a mixed school choir singing at our Civic Service. Wayne Warren also organised a painting competition with Ousedale school based around a postcard of the church. These activities with local schools added to our thriving pre-school ChLFrch Mice group and ecumenical Holiday Bible aub in bringing children into the church. A redesigned website and expanded social media presence Considerably increased ihe visibillty of the Church and it5 activities. This is reflected in an increase in public engagement with the church as can be seen from the stat15tics below, with a particulady lar8e increase in Chflstmas con8regations following the appointment of our new incumbent. 2021 2022 2023 2024 2025 Christma5 Easter Average week. October Usual Sunday Worshlpplng Community 76 75 105 329 95 76 50 79 366 120 117 50 90 43S 134 121 55 100 127 131 72 90 During the interregnum the ministry team was ably led by our Assistènt Curate, Hugh Reid. toeether with retired priests Jo Spray and Janet Lawrence who supported our worship and mi5SVJll, together with Licensed Lay Ministers Andrew Geary and Derek Martin and licensed preathers Kate Nicholas. Will Trevitt and Roger Hull. Our thanks to the ministry leam and lay officials who maintained a wide range of worship and pastoral care durSng thTrs period ènd continue to work with Fr Ben. Retired priest Thelma Shacklady resiened her permission to officiate in the parish after many years of faithful service and was thanked at out annual meeting. We continue to provide other public benefits by letting our Church Hall to provide a nursery school in the town and also use thls faclllty to run a Memory Club once a monih for the elderly and thelr carers. collect food for Olney is Kind. the local food bank, and made a substantial contribution to this from our harvest service. The Knitty Stitchers group provides further opportunities for fellowship in the church. Our tithlng supported eight charltles during the year, including two charities new to the church. Ailsa's Aim, ? 10£31 cancer and neonat31 support charity. and Shelterbox, providing emergency shelter to disaster affected communities worldwide. Pade 2
PAROCHIAL CHURCH COUNCILOF ST PEfER & ST PAUL OLNEY Report ofthe Trurtees for the Year Ended 31 December 2025 We play a en[ficant part in town events. running the annual pancake race and cherry fair as well as supporting other town events such a Riverfest and Dickens Day. providing refreshments. As well as enhancing the profile of the church in the town. these events raise over £17,OLKS for PCC funds. Many thanks to organisers Susan and Andrew Heron, David Phillipson. Ruth Martin. Mary Prosser. and all volunteers who worked tirele551y at our fundraising events. We are part of the deanery of Newport and engage with the deanery through our three lay representatives as well as clergy and afe represented on Deanery Pastoral Standing Committee by one of our churchwardèns. The dèanery has been working on a pastoral reorganisation and proposals for new benefices of Ouse Valley West and Ouse Valley North lincludin8 Olneyl are now with the church authoritie5 and should be ¢ompleted in 2026. In the meantime our ministry team are supporting the benefice of Lavendon following the retirement of their Incumbent. The church, a 14th century Grade I listed building. is the re5ponsibllity of the churchwardens with the fabric committee under the guidance of David Phillipson. A major project in 2025 was the stonework repairs on the tower and West door. Another maior expense was the replacement of the heating system In the Church Hall. Our thanks to David Phillipson for managing both these projects. Expendlture of £97,620 on our church building has depleted our Pancake Race and restricted fabric funds and we have designated £200,¢XJO from a si8nificant le8aty for future buildin8 projerts. Safeluafdlnll S5nce the last APCM Katie Charlesworth-Lowe has continued to be Parish Safeguarding Officer and Malcom Jones has joined her as a OBS Manager. Currently all members of the PCC are undertaking their Ba51C Awarene55 and Found•tion5 Safeguardin8 troining; thank5 to those who have corneted thelrs. Our D8S checks are up to date and we are now usin8 Level 3 on the new Parish Safeguarding Hub software. Level 3 is the highest level and completing the action points at this level will all¢)W US to ensure we have robust safe8uardinE procedures In place, which are all in line with the most up to date church of En8land requirements. The Parish Safe8uardin8 Offiter has asslsted the Diocese wlth trainln8 some new safeguarding officers and is workin8 closely with the Diocese as the Church of England under8oes a change to their 5afe8uarding procedures. Our PCC also has a visible 5afe8uardin8 policy available in church for all to view, and combined with the above details this means that the PCC of St Peter and St Paul can be sard to have complied with the dutv Under section 5 of the Safeguarding and Cler8y Discipline Measure 2016 Iduty to have reEard to House of Bishops, 8uldance on safeguardin8 children and vulnerable adult51. Safeguarding is a very seriou5 matter all the details of our Parish Saleguardine Officer and the Oiocesan Safeguarding Officer can be found on the noticeboard in church as well as on our website. Pa8e 3
PAROCHIAL CHURCH COUNCIL OF ST PEfER & ST PAUL. OLNEY Report of the Trnstees for the Year Ended 310e¢ember 2025 Flnan¢lal revlew Flnanclal posltlon Our Church is funded through planned givin& plated collections. donations. grants. fundraisin8 and le8acies received. Total income during the year was £152.635 12024: £134.120) and is detailed in the financial statements. The lar8est source of income was from donations totallin8 £66.967 12024- donations £58.9121. Income from the use of the Church Hall was £12,735 {2024: £17,625). Total expenses durin8 the yeaf were £239.01812024.. £153.5851. The largest single running expense 15 the church maintenance of É97.620 12024: £21,104). The church rnaintenance expenditure consists mainly of masonry works on the church tower and the replacement of the heating system in the Church Hall.. Church Hall running costs were E14.05512024: £7.4021 which included maintenance. no si8nlficant works have been carrled out to the Church Hall during the year, other than maintenance. Overall our 8eneral fund remains in surplus due to the large unrestricted le8a¢y bein8 re¢eived In previous years, The net result for the year was a deficit of £98.857. bein8 an overall deficit of £42,160 on unrestrirted funds, a surplus of £60.646 on restrirted funds and ? deficit of £117.343 on the endowment fund this was due to the Diocese of Oxford advice to transfer our CBF Chancel Repair Fund to restricted funds from ovr Endowment Funds. to Eive 8reater clarlty in relation io the difference in capital amount which cannot be sperbt and the Income generèted for this fund from dividends and interest, that can be used for repalrs of the Chancel should the need arise. The most effectlve way parlshi¢ners can contilbute to the costs of the Church is through our Parish Glvin8 Scheme. Olney Livln8 Generou51y. administered by Parish Giving Scheme in a$s¢xlati wlth The Chvrch of England Registered Charity No.. 1156606 and our Stewardship Scheme administrated by the stewèrdship offlcer. For taxpayefS, thls allows us to recoup tax paid on any donations at a rate of 25%. Regular monthly or weekly donations also make it easier lo pl?n the cash flow of the Church and bud8et for any additlonal expense5. There are many people who manage aspects of our financial processes on a daily basis and provide the valuable data which allows the Treasurer to control the Church's finances and provide important management information to the PCC. Investment policy and oblectlves Within the parish, the main financial investments are held by Dio¢esan Trustees (Oxford) Limited. It has policy of investin8 most of its asset5 in products mana8ed by the Central Board of Finance of the Church of England. This In turn has its own investment polity in terms of ethlcal Investment, social policy. environmental issues and risk takin8 which therefore operate5 for the PCC. The objectives are tncome for the upkeep. repair and insurance of the Chancel of the Church. and if sufficient money remains in the fund. it can be used for the upkeep and repair of the remainder of the Church.
PAROCHIAL CHURCH COUNCIL OF ST PEfER & ST PAUL. OLNEY Report of the Trustees for the Year Ended 31 December 2025 Flnanclal revSew ReseNes pollry The PCC maintains several reserves. The unrestricted reserves are separated into designated and general funds. The variou5 fund5 designated for use in a particular way are more fully explained in the Notes to the Accounts and the level of designated funds is reviewed annually. The PCC'S policy is to carry a general reserve of at least 6-months' worth ot expenditure or an amount in excess of £75.000 whichever is the Breater. Over recent years the resetves have not been sufficient to meet this policy. even though sufficient reserve5 exlst because of the unrestr5cted legacy4 the Trustee5 contlnue to look at ways to bulld up the reserve5 for future years. Total re5erve5 at the year end were £921,857 12024.. £1,020,714) of which £139,35812024'. £93,112) were restricted. £167,02912024: £284,372) were endowment funds. Struettsre, governance and managernent The PCC is controlled by Its 8overnin8 document. the Parochlol Church Council Power5 Mea5UTe119561 a5 amended and Church Representatlon Rules, adopted 3 February 2010. The PCC is a registered charity. The method of appolntment of PCC members Is set out In the Church Representatbon Rules. All Church attendees are encouraBed to re8lster on the Elertoral Roll and stand for election to the PCC. Ordained deacons or prlests who are retlrement age are not ellglble to reglster or stand for electlon. The Trustees of the PCC are elected for a term of offlce of 3 years at the Annual Paro¢hlal Councll Meetlng. After 3 years those elected members automatlcally stand down and do not seek re-electlon for another term. The only exceptlon to thls Is, If there Is Insufflclent members proposed at the APCM to serve on the PCC. they may be permStted to stand for a further year. The only ¢omrnittee established by statute is the Standin8 Commlttèe conslstlng of the Rector. Wardens, Secretary and Treasurer. Members of the PCC are 8ware of potentlal risks both flnancial and otherwlse that mlght occur elther In the Church or in the Church Hall. They have taken appropriate action to control and minimise these risks. The PCC members are responsible for makin8 decision5 on all matter5 of general concern and Importance to the parlsh, including decidin8 on how the funds of the PCC are to be spent. The Standlng Committee, consisting of the ex ofpicio Offir5 of the PCC. put forward proposals for ratification by the PCC and are authorlsed to commlt church funds up to £750. Thè Ministry Teaffl, consistin8 of the ministers and churchwardens, manage the schedule of services an(J other pastoral matters. The Fabric committee manèges the physical structure of our building5 Ichurch and Church Hall). Reference and admin15trative detalls Registered Charlty number 1134039 Prlnclpal address Church Street Olney MK46 4AD Pa8e 5
PAROCHIALCHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Report of the Trustees for the Year Ended 31 December 2025 Trustees Rev B W D Lewis (appointed 2.9.251 Mrs S Bailev MrAJGeary Mr D Phillipson Mrs L M Geary Mr M Jones Mr T Haskell MrA Heron Mr D Martin (resigned 18.5.251 MrG Lavender Mrs M Prosser Mrs K Charlesworth-Lowe Mrs R Martin (resigned 18.S.251 Mrs K Nicholas Independent Examlner Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans, House 7 Queensbridge Northampton Northamptonshire NN4 7BF Approved by order of the board of trustees on 19 April 2026 and signed on its behalf by: Mrs L M Geary- Trustee P3Be 6
Independent Examlner's Report to the Tru$tees of Parochial Church Coundl of St Peter & St Paul. Olney Independent examiner's report to the trustees of Parochlal Church Councll of St Peter & St Paul. Olnev I report to the charity trustee5 on my examination of the accounts of Parochial Church Council of St Peter & St Paul. Olney Ithe Trust) for the year ended 31 December 2025. Responslblliiles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111'the Art'l. I report in respect of my examination of the Trust's accounts carried out under Settlon 145 of the Att and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concemlnE the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrjonathan R Cobley Cobley Desborough Chartered Certlfied Accountanis Chartered Tax Advisers Artlsans, House 7 QueensbridEe Northampton Northamptonshire NN4 78F 19 April 2026 Page 7
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PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Statement ot Flnanclal Actlvltles for the Year Ended 31 December 2025 2025 Total funds 2024 Total funds Unrestrirted Restflcted Endowment funds funds fuftd Notes INCOME ANO ENDOWMENTS FROM Donations and legacies 56,968 io,ooi 66,969 58,912 Charltable acllvltles Charitable activity Raising funds 1,196 14,357 1,628 20,982 2,824 35,339 130 31.306 Other tradlng actlvltles Investment income 16,905 20,748 16,905 30,598 21,110 22,662 5,016 4,834 Totsl 110,174 37,627 4,834 152,635 134,120 EXPENDITURE ON ftalslnzfunds Raisln8 donatlons and legacies Other tradlng actS¥lties 5,203 12,868 18,071 13,554 1,320 5.203 12,868 18,071 14,874 Charltsble acllvltles Charltable activity Ralsln8 funds 178.641 40.758 219,399 137,539 8S6 Other 1,547 l.S47 316 Total 185,391 53,626 239,017 IS3,585 Net gainslllossesl on Investments 112,4751 112.4751 9,413 NET INCOMEI(EXPENDITUREI Transfers bÈtween lunds 175,217} 33,057 115,9991 76,645 17,6411 1109,7021 (98.8571 110.0521 18 Net movement In funds 142,1601 60.646 1117.3431 (98,8571 {10,0521 RECONCILIATION OF FUNDS Total fund5 brought forward 643.230 93.112 284,372 1,020.714 1.030,766 The note$ form part of these financial statements Palle 8
PAROCHIAL CHURCH COUNaLOF ST PEfER & 5T PAUL OLNEY Statement of Flnancial Activilies for the Year Ended 31 Oe¢ember 2025 2025 Total funds 2024 Total funds Unrestricted Restricted Endowment funds funds fund Note5 TOTAL FUNDS CARRIED FORWARD 601,070 153.758 167,029 921,857 1,020,714 The notÈsfomi of thesefinanclal statements Page9
PAROCHIALCHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Balance Sheet 31 December 2025 2025 Total funds 2024 Total funds Unrestricted Restrlcted Endowment funds fund5 fund Notes FIXEO ASSETS Tan8ible asset5 Investments 14 15 65,144 65,144 167,029 65,144 179,504 167,029 65,144 167,029 232.173 244,648 CURRENT ASSETS Debtors Cash ot bank and In hand 16 10,515 527,147 2,282 151,476 12,797 678,623 14,597 763,098 537,662 153.758 691,420 777.695 CREDITOR5 Amounts fallln8 due wlthln one year 17 11,7361 11,7361 11,6291 NET CURRENT ASSETS 535,926 153,758 689,684 776,066 TOTAL ASSETS LESS CURRENT LIABILITIES 601.070 153,758 167,029 921.857 1,020,714 NET ASSETS 601,070 153,758 167,029 921,857 1,020,714 The notes fonn part of thesennantial statements Page 10
PAROCHIALCHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Balante Sheet- ¢ontinued 31 Dember 2025 FUN05 Unrestricted funds Restricted funds Endowment funds 18 601,070 153,758 167,029 643,230 93,112 284,372 TOTAL FUNDS 921,857 1,020,714 The finantlal statements were approved by the 8oard of Trustees and authorised for issue on 19 Aprll 2026 Ind We signed on its behalf by.. Mrs L M Geary.Trustee Rev 8 W D LÈWIS . Trustee The Thotesform partof ihese fiThantlèl statew*nts P•8e 11
PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL OLNEY Notes to the Financial Statements for the Year Ended 31 Decernbef 2025 ACCOUNTING POLICIES Basls of preparfng the Ilnanclal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland {FRS 1021 (effective l January 20191,. Financial Reportln8 Standard 102 'The Finènclal Reportlng Standard applicable in the UK and Republic of Ireland, and the Chorities Act 2011. The financial statements have been prepared under the hlstorical cost conventlon. with the exception ol inveslments which are Included at markel value, as modlfled by the revaluatlon of certain assets. Income All income Is recognlsed in the Statement of Financial Actlvitles once the charity has entitlement to the funds, Itls probable that the income will be received and the amount can be measured rellably. Expendlture Llabllities are reco8nised as expenditure as 500n as there 15 a legal or constructlve obligation committing the chèrity to that empenditure, it is proboble that a transfer of economlc beneflts will be required in settlement and the amount of the oblisètion can be measured reliably. Expenditure Is accounted for on an accruals basis and has been Classlfied under headlngs that a88regate all cost related to the ¢ateBory. Where costs cannot be directly attributed to partlcular headin8S they have been allocoled to activitles on a basls consistent wlth the use of resources. Grants oflered subject to conditions which have not been met at the year end dale are noted as a commitment but not accrued as eKpenditure, Tanglble flxed assets Consecrated and beneflced property of any land Is excluded from the accotjnts by sertion 10 12llal of the Charltles Act 2011. Moveable church furnlshing5 held by the Rector and Church Wardens on speclal trust for the PCC and whlch requlre a faculty for dlsposal, are accounted as Inallenable property unless consecfated. They are listed in the church's Inventory whlch can be inspected lat any reasonable timel. For inallenable property acquired prior to 2¢)00 there is insufficient tost information available and therefore such asset5 are not valued in the accounts, Items acqulred since I january 2000 have been capitalised and depreciated in the accounts over their turrently anticipated useful economic life on a straight Ilne basis. All expenditure incurred In the year on consecrated or beneflced buildings. individual item5 under £2,000 or on the repair of movable church furnishing5 acquired before l January 2000 is written off. Herltage assets The PCC maintalns the church bulldlng whlch Is a Grade I registered bullding and as Stated above is excluded from the accounts by section 1012llal of the Charities Act 2011. It is also custodian to number of heritage a55ets. In the Trustees, oplnion. conventlonal valuation approaches lack sufficient reliability and any valuation is likely to Involve costs that are likefy to be onerous. Pa8E 12
PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Notes to the Financial Statement$ . contlnued for the Year Ended 31 December 2025 ACCOUNTING POLICIES- continued Tangible fixed assets Expenditure on major restoration The cost of associated major repairs is reported in the Income and Expendlture Account in the year It is incurred. Taxation The charity is exempt from tax on Its charitable activities. Fund accounting Unrestrirted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrirted funds can only be used for particular restrirted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is Included in the notes to the financlal statements. The accounts 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 Batherln85 of Church members. OONATIONS AND LEGACIES 2025 2024 Donations Gift aid 59,747 7,222 52.348 6.564 66.969 58,912 Page 13
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PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Notes to the Flnancial Statements- continued for the Year Ended 31 December 202S OThER TIIADING AcfiviTIES 2025 2024 Fees for weddings and funerals Church hall lettings 4,170 12,735 3.485 17,625 16,905 21,110 INVESTMENT INCOME 2025 2024 Dividends and interest 30,598 22,662 INCOME FROM CHARITABLE AcnvmES 2025 2024 Artivity Charitable activity Raising funds Grants Fundraising events 2,824 35,339 130 31,306 38,163 31.436 RAISING DONATIONS AND LEGACIES 2025 2024 Fundralsin8 event cosis 18,071 13,554 OTHER TRADING ACnVITIES 2025 2024 Support costs 1,320 P4e 14
PAROCHIAL CHURCH COUNaL OF ST PETER & ST PAUL. OLNEY Note5 to the Financial Stslements- continued for the Year Ended 31 December 2025 CHARITABLE Acm*mES COST5 Grant funding of activities (see note 91 Dirert Costs Totals Charitable artivity 212,793 6,606 219.399 GRANTS PAYABLE 2025 2024 Charitable artivity 6.606 1541 10. INDEPENDENT EXAMINERS FEE 2025 2024 Independent examination 1.320 1.320 11. TRUSTEE5' REMUNERATION AND 8ENEFITS There were tsvo trustee receFving remuneration or other benefts relating to verger fees for the year ended 31 December 2025 {2024= Three). Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees Expenses £1877 was paid to 5 Trustee for the reimbursement of administrative and event expenses for the year ended 31 December 2025 {2024: £384 was paid to 3 Trustees'l. e15
PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL OLNEY Notes to the Financial Statements- continued for the Year Ended 31 December 2025 12. STAFF COSTS 2025 2024 Wages and salaries 9,360 8.619 9.360 8,619 The avera8e monthly number of employees durln8 the year was as follows: 202S 2024 Employee5 No employees recelved emoluments In excess of £60,000. No employee recelved total employee benefits of more than £60,000 13. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied Restricted Endowment funds funds fund Total funds INCOME AND ÉNDOWMENTS FROM Oonatlons and legacies 58,911 58,912 Charltable artlvltles Charitable actlvity Ralsln8 funds 130 14,519 130 31,306 16,787 Other tradlng actlvltles Investment income 21,110 12,840 21,110 22,662 9,817 Total 107,510 16.793 9,817 134,120 EXPENDITURE ON Raising funds Raisin8 donation5 and le8acies Other trading activities 1,742 1.320 11,812 13,554 1.320 3,062 11,812 14,874 Charltable artlyltles Charitable attivlty Raising funds 130.140 856 7,399 137,539 856 Other 11.0051 1,322 iii 316 PaBe 16
PAROCHIAL CHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Notes to the Finandal Statemeffts- contithtsed fof the Year Ended 31 December 2025 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES- continued Unrestrided Restricted Endowment funds fund5 fund Total funds Total 133.053 20,533 153,585 Net gains on investments 9,413 9,413 NET INCOMEIIEXPENDITURE) Tiansters belween lunds 125,543} 570 (3.7401 15701 19,231 110,0521 Net movement In lunds 124.973 14.3101 19,231 110,0521 RECONCILIATION OF FUNDS Total funds brought forward 668.203 97,422 265,141 1.030.766 TOTAL FUNDS CARRIED FORWARD 643,230 93.112 284.372 1.020,714 14. TANGIBLE FIXED ASSErs Fixtures and fittin8S Cost At l January2025 and 31 December 2025 217,536 Deprèciation At I january 202S and 31 December 2025 152.392 14el book value At 31 December 2025 65,144 At 31 December 2024 65,144 No depreclatlon charge has been rnade as dePlatIOn has been overcharged In prlor years. Pa8e 17
PAROCHIAL CHURCH COUNaL OF ST PEfER & ST PAUL. OLNEY Notes to the Flnandal Stslement5- wntsnued for the Year Ended 31 December 2025 15. FIXED A55Ef INVESTMENTS Listed investments Market value At l January 2025 Revaluètions 179,504 112.4751 At 310ecember 2025 167.029 Net book value At 31 December 2025 167,029 At 31 December 2024 179,504 There were no investment assets outside the UK. Cost or valuatlon at 310ecember 202S Is represented by: Llsted Investments Valuation in 2021 Valuation in 2022 Valuation In 2023 Valuatlon In 2024 Valuation in 2025 Cost 23.405 121,7891 14.626 9.413 112.4751 153.849 167.029
PAROCHIAL CHURCH COUNCIL OF ST PEfER & ST PAUL. OLNEY Notes to the Financial Statements- contlnued for the Year Ended 31 December 2025 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 12,797 14,597 17. CREDITOAS: AMOUNTS FALLING DUE wifHIN ONE YEAR 2025 2024 Other creditors 1,736 1,629 The amount shown in other creditors relates to for fees not yet paid for weddings and funerals to third parties. 18. MOVEMENTIN FUNDS Net movement In funds Transfers between funds At 31112125 At 111125 Unrestrirted funds General fund Discretionary fund 627,755 175.8681 33,057 584,944 295 749 1,172 13,259 295 749 1,172 13,910 Youth Fund Childrens fund Church Hall Fund 651 643,230 175.2171 33,057 601,070 Restrlcted funds Mission & Outreach Pancake Fund Bells Fund Fabric Restricted Fund Chancel Repair Fund 24,485 39,223 18001 131.6151 23.685 5.579 12.0291 29.399 16.415 135.8151 114.489 10,000 114,489 93.112 115,9991 76.645 153.758 Endowment funds Chancel Repair Fund 284,372 17,6411 1109.7021 167.029 TOTAL FUNDS 1.020,714 (98.8571 921.857 P¥ge 19
PARQCHIAL CHURCH COUNCILOF sr PEfER & ST PAUL. OLNEY Notes to the Financial Statements- continued for the Year Ended 310ecember 2025 18. MOVEMENf IN FUNDS- ¢onlinued Net movement in funds, included in the above are as follows: Incomin8 reurCeS Resources expended Galns ènd losses Movement in funds Unrestrlcted funds General fund Church Hall Fund 96.243 13,931 1172.1111 {13.2801 {75.8681 651 110.174 1185,3911 (75.2171 Rèstrlrted funds Mi55ion & Outreach Pan¢ake Fund Fabric Restricted Fund 18001 131,6151 16,416 21,211 16.416 152,8261 37,627 (53.6261 115,9991 Endowment funds Chancel Repair Fund 4.834 112,4751 {7,6411 TQTAL FUNDS 152.635 1239,0171 112.4751 198,8571 Pa8e 10
PAROCHIAL CHURCH COUNCILOF ST PETER & ST PAUL. OLNEY Notes to the Financial Statements- contlnued for the Year Ended 31 December 2025 18. MOVEMENf IN FUNDS- continued Comparatives for movement In funds Net movement in funds Translers between fvnds At 31112124 At 111124 Unrestrlcted funds General fund Dlscretlonary fund 659.925 135.5551 3.385 627,75S 295 749 1.172 6.062 295 749 1.172 13,259 Youth Fund Childrens fund Church Hall Fund 10,012 12,8151 668,203 125.5431 570 643.230 Restrlrted funds Mission & Outreach Pancake Fund 8ells Fund Fabrlc Restrlcted Fund 24.485 43.255 283 29.399 24.485 39,223 3,653 292 17,6851 17.6851 15701 7.685 29,399 97,422 {3,7401 1570) 93,112 Endowmentfuftd5 Chancel Repalr Fund 265,141 19,231 284,372 TOTAL FUNDS 1.030.766 110.0521 1.020,714 Pa8e21
PAROCHIAL CHURCH COUNaL OF ST PETER & ST PAUL. OLNEY Notes ta the Financial Statements- contlnued for the Year Ended 31 Defflber 2025 MOVEMENT IN FVNOS- ¢ontinued Comparatlve nei movement in funds. included in the above are as follows- Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fvnd Church Hall Fund 89.882 17,628 1125.4371 17.6161 135.5551 10,012 107,510 1133,0531 125,5431 Rèstrlrted funds Pancake Fund Bells Fund Fabric Restrlcted Fund 16.787 {13.1341 286 17.6851 3.653 292 {7.6851 16.793 {20,5331 13,7401 Endowfflent fund$ Chancel Repair Funtl 9.817 9.413 19,231 TOTAL FUNDS 134.120 1153.5851 9,413 110,0521 22
PAROCHIALCHURCH COUNCILOF ST PETER & ST PAUL. OLNEY Notes to the Financial Statements- ntinUed for the Year Ended 31 Detember 20Z5 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined wsition is as follows: Net movement in funds Transfers between funds At 3UIV25 At 111124 Unrestrlrted fvnds General fund DIKretlonary fund 659,925 1111.4231 36,442 584,944 295 749 1,172 6.062 295 749 1.172 13.910 Youih Fund Childrens fund Church Hall Fund 10.663 12.8151 668,203 (1th).7601 33,627 601,070 Restrlrted fvnd$ Misslon & Outreach Pancake Fund Bells Fund Fabric Restricted Fund Chancel Repair Fund 24.*i85 43.255 283 29.399 18001 {27.9621 292 8.731 23,685 S.579 19.7141 15701 128.1301 114,489 10.000 114.489 97,422 119,7391 76,075 153,758 Endowment funds Chancel Repalr Fund 265.141 11.590 1109.7021 167.029 TOTAL FUNDS 1,030.766 1108,9091 921.857 P<0 23
PAROCHIAL CHURCH COUNCILOF sr PETER & ST PAUL. OLNEY Notes to the Flnancial Statements- continued for the Year Ended 31 December 20Z5 MOVEMENfiN FUNDS- ¢ontinued A current year 12 months and prlor year 12 months comblned net movement in funds, included In the above are as follows.. Incomlng resources Re50urces expended Galn5 and Movement losses In lunds Unrestrlcted funds General fund Church Holl Fund 186,125 31,559 1297,S481 120,8961 1111,4231 10.663 217.684 1318.4441 IICQ.7601 ftestrlcted funds Mission & Outreach Pancake Fund Bells Fund Fabrlc Restrlcted Fund 18001 16S,9601 286 17,6851 18001 127,9621 292 8,731 37.998 16,416 54,420 174.1591 119,7391 Endowment tunds chancel Repalr Fund 14,651 13,0621 11,590 TOTAL FUNDS 286,755 1392,6021 13,0621 1108,9091 Youth Fund - represents funds to support youth work In the parlsh. Discretlonary Fund- represents funds to allevlate hardship amon8St the cltliens of Olney Mlsslon Opportunity Fund - represents funds dedicated to promoting the grown of the church and Is specifically not for 6eneral runnin8 Costs. Children's Fund- represents funds to support our children's work includin8 church mice. Church Ha15 Fund - represents Income from Church Hall lettin85 and other expenses and pays the opÈratinE èxpenses of the Church Hall. Fabric Fund - represents the purchase and acquisition of items to support the physical comfort and wellbein8 of parishior¢ers whilst worshipping within the bulldlng and the ongoing care, repalrs and malntenance of the church buildlngs and contents. Pancake Fund - Is a subcomrnittee of the PCC whose 501e purpose is to organise the historic pancake race and assoclated communlty events, and In doing so. raise and disburse funds for the maintenance and fabric of the church. The PCC underwrite the Insurance of the event. The fund specifically doe5 not support the running costs and expenditure of the church. Page 24
PAROCHIALCHURCH COUNCIL OF ST PEfER & ST PAUL. OLNEY Notes to the Financial Statements- continued for the Year Ended 31 December 2025 MOVEMÉNT IN FUNDS-contlnued Endowment Fund . consists of a single permanent endowment, the capital of which cannot normallv be distributed, with the income generated by the capit?1 in the fund initially being used against the repair and maintenance of the chancel. Should the chancel be in good order, the income may be ustd only for the repair and maintenancè of the rest of the church. The accumulated income in the fund held by the CBF C of E deposit account at the year elld amounted to £114,488. The value of the capltal stands at £167,02812024.. £173,984). The Mission & Outreach Fund is dedicated to promoting the growth of the church and should not be used for general running costs. The Bells Fund conslsts of monies to be used with the malntenan¢e and upkeep of the church bells. 19. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 December 2025. Page 25
PAROCHIALCHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Detailed Slatement of Financial Acti¥itiÈs lor the Year Ended 31 December 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacles Donations Gift aid 59.747 7.222 52.348 6,564 66,969 58,912 Other trading activities Fees for weddings and funerals Church hall lettings 4,170 12,735 3,485 17,625 16,905 21,110 Investment Income Dividends and Inte$t 30,598 22,662 Charftable artlvltles Fundraising events Grants 35,339 2A24 31,306 130 38,163 31,436 Total IncomSng resource5 152,635 134,120 EXPENDITURE Raislng donations and le80¢ies Fundraising event costs 18,071 13,554 Charltable attivltles Staff costs Parish share Clergy expenses Church running expenses church maintenance Training and parish work Church hall Costs Carried forward 9,360 57.023 2,090 22.306 97,620 1,373 14.055 203,827 8,619 58,121 12,5 25,829 21,104 368 7,401 133,942 Thls p#8e doe5 forrn part of the statutory flnanclal statements PaBe 26
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PAROCHIALCHURCH COUNCIL OF ST PETER & ST PAUL. OLNEY Detailed Statement of Financial Arti¥ities for the Year Ended 31 December 2025 2025 2024 Charltable a¢tivltles Brought forward Organist and mu51c Other admlnlstratlve costs Grants to institutions 203,827 813 8,153 6,606 133,942 4,507 1541 219,399 138,395 Support costs Flnance Bank charge5 227 316 Governance costs Independent examination 1,320 1,320 Total resourtes expended 239,017 153,585 Net expendlture beforn galns and1055•5 186,3821 119,4651 Rea115ed recognlsed Kaln5 and10sse5 Realised gains/l10$5esl on fixed asset invèstments 112,4751 9,413 Net expendlture 198,8571 110,052) Thls page does not fts part of the 5tètutory flnanclal sttiemenis Pa8e 27