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 De￿mber 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 corn￿eted 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 Offi￿r5 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

l.. OJ J".l*.'
-.¢tJ

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 De￿mber 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

513'r,q 12 -0 Ji..
.iuiJJ d)P.i'"4J Jl,,IV,ThU'.q4q
,drvrr JT.• I tt.
bTrbJ ?t*
¢ JlJlJC l YJl*l"'*i
o Jh i, 1'.'.1 'JtLf.. ",io Yil:l14.

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 deP￿latIOn 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
re￿urCeS
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 De￿fflber 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

A3TJq r2 4U JI)I•UO) H2KUH) JA14JONA9
Yaii'o JUAq Y
-IJi￿￿)r I1￿?Ab￿lI 10 Jr mejÈt2 hglity...
LIS iAfri-_ lya £1 bJbn7 if'pl , rfj fvl
21:,1314.IWOQrfa GklA !l*lDjl'l
e lJlidyI irts hkfrlibpoa
t¥414¥jlJs tyrtliJ
iijrti
1glJl¥ltJG gidGJI'brfJ
3AunaM3qx4
.'f J,
Inw .4fJ.4 (IDfp •ni4 1..
4VI*JT IV
rfi

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