## ST PETER’S AND ST FRANCIS’ ## The Combined Annual Meeting of the Parishioners ## And The Annual Parochial Church Meeting 10 May 2026 11.30am St Peter’s Church ## **Table of Contents:** |**Draft Agenda**|**Page**|**1**| |---|---|---| |**Draft Minutes from APCM 2025**|**Page**|**2**| |**Report from the Electoral Roll Officer**|**Page**|**7**| |**Proceedings of the Deanery and Diocesan Synods**|**Page**|**8**| |**Churchwardens’ Report on Fabric, Goods and Ornaments**|**Page**|**9**| |**Safeguarding Officer’s Report**|**Page**|**12**| |**Annual Report of the Parochial Church Council**|**Page**|**13**| |**Treasurer’s Report**|**Page**|**24**| |**Financial Statements**|**Pages**|**A1-A13**| ## **The Parish of Frimley** ## **The Combined Meeting of the Parishioners** **And** **Annual Parochial Church Meeting** **10 May 2026** **11.30am** **St Peter’s Church** **DRAFT AGENDA** ## **1. Prayers** **2. Apologies** **3. The Annual Meeting of the Parishioners** - **3.1 Minutes of the Previous Meeting on 11 May 2025** - **3.2 Matters Arising** - **3.3 The Appointment of two Churchwardens** **4. The Annual Parochial Church Meeting** - **4.1 Minutes of the Previous Meeting on 11 May 2025** - **4.2 Matters Arising** - **4.3 Election of Representatives of the Laity to serve on the Parochial Church Council** - **4.4 Election of Representatives of the Laity to serve on the Deanery Synod** - **4.5 To receive the Report from the Electoral Roll Officer 4.6 To receive the Financial Statements** - **4.7 Appointment of the Independent Examiner** - **4.8 To receive the Annual Report of the Parochial Church Council** - **4.9 To receive the Report from the Churchwardens** - **4.10 To receive the Report from the Safeguarding Officer** 1 ## **The Parish of Frimley The Combined Mee�ng of the Parishioners and** ## **Annual Parochial Church Mee�ng St. Peter’s Church** **11 May 2025** ## **Dra� Minutes** **Present:** Stella Chaplin, Carol Clarke, Michael Clarke, Doreen Crouch, Lesley England, Tom Ferrier, Sue Ferro, Terri Ferro, Paul Fray, John Fullwood, Tessa Fullwood, Alan Gaw, Frank Green, Val Hardy, David Harrison, Heather Haynes, Ken Haynes, Frances Hitchcock, Anne Huelin, Helen Hutchison, Pam Hynds, Sally Ke�le, Sue McMullen, Sue Montague, Margaret Nash, Caroline Osborne, Stuart Parr, Clare Peel, Sharon Pilling, John Ray, Thora Ray, Mark Russell, Emily-Grace Sainsbury, Ian Sams, Salma Sams, Jennie Schofield, Linda Sheil, Ma�hew Sleap, Becky Speyer, Eleanor Stevens, Mick Stevens, John S�lwell, Jean Thomas, Nancy Webster, Paul Webster, Jolanka Weir, Be�y Williams, John Williams, Pam Williams, Karen Wra�en. ## 1. **Prayers** Sean opened the mee�ng at 11.40am with a prayer. ## 2. **Apologies** Apologies were received from Jen Beagley, David Beverley, Sue Chaplin, Tony Chaplin, Sophie Gaw, Kevin Hanlon, Joy Lievesley, Liz Morley, Mary Murrells, Julia Skone, Michael Skone, Angela Stacey, Janet Stacey, Stuart Stacey, Ann Turner, Keith Turner, Pete Walther, Val Walther, Myra Williams, Deb Wright. ## 3. **The Annual Mee�ng of the Parishioners** ## 3.1 **Minutes of the Previous Mee�ng on 14 April 2024** Sean checked that a�endees had read the previous minutes and asked if there were any concerns. Sue Ferro proposed, Jennie Schofield seconded and all approved the minutes of the previous mee�ng as a true record. ## 3.2 **Ma�ers Arising** The civic launch of the bicentennial celebra�ons will take place on Sunday 19[th] October at 3pm at St. Peter’s Church. Bishop Paul plans to a�end and a full calendar of events will be made available shortly. Sean passed his thanks onto the bicentenary planning team, par�cularly to Terri Ferro as she has headed up the team. They have received many wonderful ideas. The 60[th] anniversary of St. Francis’ Church was a fantas�c weekend of celebra�on including a fun day, service and lunch. It was a joy to celebrate with everyone including the wider community. The fun day was so successful that it’s been decided to schedule another one this year which will take place on Saturday 19[th] July from 11am – 3pm at St. Francis’ Church. 2 ## 3.3 **The Appointment of two Churchwardens** Thora Ray was proposed by Eleanor Stevens, seconded by Sue Montague and approved by all. Ma�hew Sleap was proposed by Mick Stevens, seconded by Sophie Gaw and approved by all. churchwardens. He also added his personal thanks to Ma�hew and Thora for agreeing to con�nue in their roles and for their years of service. They were applauded by the a�endees. ## 4. **The Annual Parochial Church Mee�ng** ## 4.1 **Minutes of the Previous Mee�ng on 14 April 2024** Sean checked that a�endees had read the previous minutes and asked if there were any concerns. Mark Russell proposed, Frances Hitchcock seconded and all approved the minutes of the previous mee�ng as a true record. ## 4.2 **Ma�ers Arising** Ian Sams had raised concerns about the hea�ng system at St. Peter’s Church, par�cularly how cold the church was during winter months. The idea of heated seat pads was explored but they are around £150 each. The hea�ng system �mer has now been tweaked so that it comes on at least 1 hour before a service. However, con�nued vigilance is required. ## 4.3 **Elec�on of Representa�ves of the Laity to serve on the Parochial Church Council** Caroline Osborne was proposed by Clare Peel and seconded by Eleanor Stevens. John Ray was proposed by Paul Webster and seconded by Clare Peel. Jennie Schofield was proposed by Frank Green and seconded by Nancy Webster. All approved the elec�ons as above. Sean acknowledged that Aimee Ford had stepped down in September 2024. He also acknowledged the sad loss of Jean Bateman who had served in many roles over the years. We are very thankful for Jean’s service and she is dearly missed. We have one vacancy on the PCC. Josh Fernandes has expressed an interest in joining but, as he wasn’t previously on the electoral roll, he will be co-opted onto the PCC at the May mee�ng. ## 4.4 **Elec�on of Representa�ves of the Laity to serve on the Deanery Synod** Stella Chaplin was elected onto the Deanery Synod at the May 2024 PCC mee�ng. PCC member). 3 Mark Russell will remain on the Deanery Synod for a 3[rd] year. ## 4.5 **To receive the Report from the Electoral Roll** The number on the Electoral Roll is currently 125. Since the last APCM, six people have sadly passed away and seven people have moved away. There are 18 new people on the roll and 40 people have been removed. Sean commented that many are s�ll connected with our community but no longer reach the criteria which allows them to be included on the electoral roll. He thanked Jean Bateman again for her service as Electoral Roll Officer and thanked Frances Hitchcock for volunteering to take on the role. The a�endees applauded. ## 4.6 **To receive the Financial Statements** David Harrison advised that 2024 was a be�er year than expected. We had a very successful gi� day towards the end of the year and the expenditure on the solar panels was deferred into this year, so we ended up with a small surplus (circa. £2k). Our income was slightly lower than the previous year and regular giving has fallen year-on-year. We tend to receive more through one-off dona�ons rather than regular giving via the parish giving scheme or via standing orders. Our expenditure was higher in part because of the increased Parish Share due to having a new incumbent. However, reserves have been kept above the level agreed by the PCC. David thanked the Assistant Treasurers (Anne Huelin and Helen Fray) and thanked Sophie Gaw and Lynn Thomas who carry out our banking requirements. He also thanked Clare Peel for all her assistance during the year and thanked everyone for giving so generously to the parish. ## 4.7 ## **Appointment of the Independent Examiner** To con�nue to use Sue Keane from Fuller Spurling: Stella Chaplin proposed, John Ray seconded and all were in favour of using Sue Keane from Fuller Spurling Chartered Accountants as our Independent Examiner. Sean thanked David for his willingness to serve as our treasurer. He acknowledged the generosity of the congrega�on which has allowed us to share the good news with the community. A prayer of thanks was said. ## 4.8 **To receive the Annual Report of the Parochial Church Council** Sean provided his address in his sermon. During the mee�ng he explained that he wouldn’t read through the full report as it was previously available to everyone. and Standing Commi�ee, the Treasurer and Finance Team. Also, the Safeguarding Team, our Pastoral Assistants and visitors, the occasional preachers and service leaders, sides persons, 4 communion servers and greeters, readers and intercessors, the prayer team, refreshments team, the flower team, the maintenance team and gardening and churchyard team, the EcoChurch Team, the tech team, our accompanists, music group, choir and choir lead and children and youth teams. He offered apologies if any team, group or individual had been omi�ed as that wasn’t his inten�on. Thanks to everyone along with all our faithful congrega�on of which there are too many to name. Sean commented that none of what we do here at Frimley Parish would be possible without the faith, prayer, care, diligence and devo�on of all and offered his thanks and blessings to everyone. He thanked everyone for their con�nued support and prayer for him as our Rector and priest, and for bearing with his many faults and shortcomings. As he has expressed before, we stand together only by the grace of God and to God be all the glory! Hermione. He recognised that it is by the grace of the congrega�on, staff and volunteer teams giving him �me, space and support which allows him to be half the husband and father that he is (especially in light of the events of the last month). He commented that so o�en Jen and the girls come second or just have to put up with his absence, so he thanked them for their love, support, faith and trust in this journey, their love of Christ and willingness to follow, serve and enable him to do the same. We con�nue to thank God for all that the Spirit enables and encourages within this parish and its people and look forward to all that this next bicentennial year will bring, by the grace of God. The a�endees applauded Sean. ## 4.9 **To receive the Report from the Churchwardens** Thora Ray thanked Ma�hew Sleap for all his hard work on the solar panel project. She also acknowledged the amount of work that goes into the running of the church by volunteers, including those volunteers who we don’t o�en see but who do a huge amount to keep the church going. has assisted with these tasks. She’s con�nuing to search for Revd. Austen’s sermon from October 1826 (a brother of Jane Austen). Ma�hew Sleap advised that a revamp of the electrical services in the church hall has taken place in addi�on to the installa�on of the solar panels and ba�ery. We have the so�ware to manage the yield from the solar energy which shows that it’s exceeding expecta�ons and we’re only using around 5% of electricity from the grid. The system will be monitored to understand how to further develop it. He acknowledged that numerous people have worked on the project: Alan Briggs – Consultant expert Jerry Abraham – Thermadetect Ltd Stuart Crail – Electrical contractor 5 Alan Ashberry – Local Councillor We are very thankful to the contractors for their pa�ence while we were wai�ng for planning permission. We now have an enhanced system which will serve us into the future. We are also very thankful for the dona�ons received from Your Fund Surrey, Frimley Fuel Allotments and private donors. The a�endees applauded Ma�hew. ## 4.10 Since the report was submi�ed in February 2025, we have had one safeguarding concern which has been dealt with by the Diocese and has now been closed. At the request of the Diocese, we have amended the wording of our safeguarding page on our website. We con�nue to work through the Parish Dashboard Level 3. Sean thanked Clare for all the work she does to keep the dashboard up to date. Since last year we have moved from level 2 to level 3 and we’re currently working through the level 3 tasks. He also thanked Mark Russell who is now a trainer for safeguarding at the Diocese and who has become our guru. We are working hard to enable be�er safeguarding policies and procedures. Sean thanked everyone for con�nuing to work with vigilance as this is of great importance. ## **AOB** No AOB was received in advance of the mee�ng. However, the next PCC mee�ng is scheduled on 22[nd] May so ques�ons can be passed to PCC members beforehand. Sean closed the mee�ng with a prayer. The mee�ng a�endees said the Grace together and the mee�ng ended at 12.25pm. ## **Caroline Osborne 11 May 2025** Date…………………………………………………………………………. Signed……………………………………………………………………….. 6 ## **Frimley Parish Electoral Roll Report 2025** The electoral roll stands at 123, of whom 57 live outside the parish. Since the new roll was prepared, two people have been added back on the roll, three people have moved away and sadly three people have passed away. ## **Frances Hitchcock Electoral Roll Officer February 2026** 7 ## **Deanery and Diocesan Synods Report 2025** This year, Stella Chaplin has joined Mark Russell and Kevin Hanlon as our representatives on the Surrey Heath Deanery Synod. The deanery continues to be a supportive institution for all the churches it comprises. Areas of expertise are shared across parishes and, with each parish regularly sharing what is going well for them, this gives opportunities for cross-pollination. The Diocesan Synod has had to focus on administrative functions such as the Parish Share mechanism and budget setting. At the same time, reports from the General Synod representatives have offered insights into General Synod issues and processes. Presentations from various ministries (such as youth leaders) have been insightful. **Kevin Hanlon Deanery and Diocesan Synods Representative February 2026** 8 ## **Churchwardens’ Report on the Fabric, Goods and Ornaments 2025** ## **Fabric Matters** Led by Alan Gaw, the Fabric Team has continued the maintenance of St Francis’ Church, identifying the problems and putting in hand remedial measures to improve the resilience of an ageing building. This has included weatherproofing with paint and filler. The copse at the rear of St Francis’ has been opened up for Forest Church with a fire pit and a canopy hoisted above the area for shelter. We are grateful to Nathan and Emily-Grace Sainsbury for facilitating this. A considerable amount of work has been carried out by our volunteers and teams at all our facilities and Church House. It’s our concern, however, that with increasing regulatory requirements and a reduced pool of volunteers, the amount of work that can be undertaken by the Fabric Team may decrease which will add to our financial pressures. A grant from the Borough Council and part from Your Fund Surrey facilitated by Cllr Edward Hawkins meant that unsafe access steps to the copse have been improved and landscaped. The side entrance has become safe and accessible. The doors into the storeroom in the Parish Hall have been replaced and maintenance carried out on the main doors to make them more secure. Three-phase electricity has been installed as part of the energy project. A generous donor funded the repair to St Peter’s clock and chimes. However, the clock failed again and, given the estimated cost of a further repair which will require scaffolding to allow external work to replace the spindle, we will be looking for grant funding to cover the cost. The electronic systems for sound, projection and recording have been thoughtfully overseen and subtly developed by Kevin Hanlon to give optimum results for services and public events, including concerts. We are grateful for his understanding of the requirements and stewardship of the systems and, in particular, his generosity with his time and thoughtfulness. Considerable work restored the southern pillar at the base of the steps leading to the Church entrance after a road accident, paid for by the driver’s insurance company. Church House became vacant, and a major refurbishment was required before it could be re-let. A project team led by Frances Hitchcock managed the process and we are grateful to her, Kevin Hanlon, Alan and Sophie Gaw and the others who undertook as much work as possible to minimise the cost. We are confident that our investment in the refurbishment will allow to us to achieve the best possible rental return. Although all the urgent matters from our last Quinquennial Review of the fabric of St. Peter’s are complete, we must expect that our next review in November 2026 will make recommendations relating to the state of the roof. ## **Community** We reported last year on the increasing use of St Peter’s Church by community groups, which continued this year. In particular, we welcomed the Sunflower Café, which provides a meeting place for people with dementia and their carers, to share our Open Church coffee morning once a month. 9 The church will be the focus for many of our bicentennial events in 2026 and we are grateful to the Surrey Heath Singers, one of our regular hirers, who organised our initial event: a community concert featuring local musicians as well as the singers themselves. ## **Eco-Church** Moving from the Silver to Gold Eco-Church Award has been energetically pursued by the Eco-Church Team. Our activities such as litter-picks, nature counts and the garden increase our awareness of nature in our own environment. ## **Energy Action Plan** The installation in April 2025 of 22 photovoltaic panels with a generating capacity of 10kW and a battery with capacity of 23.8 kW supported by 3-phase electricity conversion has produced significant energy and cost savings. The installation was enabled by grants from Your Fund Surrey and Frimley Fuel Allotments in addition to generous private donors. The system produced 8.6 MWh by the end of January 2026 with the battery storing sufficient energy to support evening activities until September 2025. Significant surplus has been sold back to grid. Cost saving between April and November 2025 was £850 over that for the comparable period in the previous year and credit of £350 was made for export to the grid, thus reducing hall electricity bills. This sum represents one third of the average electricity bill for the halls for the year. Further significant economy is being achieved with progressive replacement of halogen lighting with LED in the church and in the halls, within a major replacement plan due in April 2026. Thank you to Mick for consolidating the work in all the buildings, systematically reviewing the lighting and replacing it with efficient LED or similar technology. The Frimley Parish Energy Strategy 2025 was circulated prior to the November 2025 PCC meeting and approved. The document is a high-level statement to signal the parish intent of achieving NetZero by 2035 based on our current understanding of the technologies, situation and intent for the future. Frimley Parish is a member of the NetZero Pioneers programme in the Diocese which will benefit from collective activities across the 20 contributing parishes, commercial participation and the experience of the utilisation of different technologies. This is an effective working group which highlights the widely different circumstances of different parishes and showcases the different technologies available for mutual benefit. Frimley Parish Energy Strategy high-level plan for 2026/2027 is to integrate the advantages gained from significant energy generation into heating the halls. Evidence from local projects employing Air Source Heat Pump (ASHP) and infra-red technology will be assessed during the early part of the year to understand the most effective solutions for implementation at the earliest opportunity. The church will give presentations on the system as implemented and the strategy for the future as part of the “Pioneer” programme and in response to local demand. ## **Thanks** Our thanks go to Sean, Joy, Becky and the ministry team for leading and guiding our mission and commitment to growing the faith of our church family and sharing it with our wider community. Clare Peel and Leola Card continue to ensure that the parish runs smoothly, and we thank them for all that they do. 10 A final thank-you to all the volunteers - too many to name individually - who assist with the running and upkeep of the parish in so many ways - and to all the members of our church family – without them the Parish of Frimley would not be described as the “friendly parish” where all are welcomed. ## **Thora Ray and Mathew Sleap Churchwardens February 2026** 11 ## **Safeguarding Officer’s Report 2025** I would like to thank Becky Speyer for her assistance and support in safeguarding and DBS checking matters, in particular the hours she has taken to assist those undergoing online training. We continue to use the Parish Safeguarding Dashboard and have been concentrating on ensuring that all our volunteers who work with young children or vulnerable adults complete their safeguarding training. Our risk assessments continue to be approved by the Churchwardens and the Rector for ad hoc events on behalf of the PCC; however, our annual risk assessment will be approved at the PCC meeting after the APCM. There was a data breach within the organisation appointed by the Diocese to carry out DBS checks, which affected some of our parishioners. They were all contacted and the situation was dealt with. As a result, there has been a delay in completing any new checks. The Diocese have now appointed a new company to complete the DBS checks, and the PCC has made a resolution to continue to use the Diocese’s appointed company for this purpose rather than sourcing their own DBS company. We had two safeguarding concerns this year, for which we sought advice from the Diocese. Both concerns have since been resolved. ## **Clare Peel Safeguarding Officer February 2026** 12 ## **The Parish of Frimley** ## **Annual Report of the Parochial Church Council for the year ended 31 December 2025** ## **Administrative Information** The Parish of Frimley has two churches: St Peter’s at Frimley Green Road, Frimley, Camberley, GU16 7AQ. St Francis’ at 121 Upper Chobham Road, Camberley, GU15 1EE. The parish is part of the Diocese of Guildford within the Church of England. The correspondence address is Frimley Parish Office, St Peter’s Church, Frimley Green Road, Frimley, Camberley, GU16 7AQ. The Parochial Church Council (PCC) was granted charity status in February 2010 by the Charity Commission. The registration number is 1134309. The ministry team which served from 1 January 2025 until the date this report was approved: |_Incumbent:_|Revd Sean Beagley| |---|---| |_Hon Assistant Priest:_|Revd Joy Lievesley| |_Occasional Leaders:_|Mrs Susan Chard, Mrs Carol Clarke, Miss Sharon Pilling,| ||Mrs Jennie Schofield| |_Youth Coordinator:_|Miss Becky Speyer| Members of the PCC and Charity Trustees, who served from 1 January 2025 until the date this report was approved: _Incumbent: Lay Vice_ Revd Sean Beagley (Chair) (from September 2023) _Chair:_ Mr Matthew Sleap _Churchwardens:_ Mrs Thora Ray (elected APCM 2023) Mr Matthew Sleap (elected APCM 2022) 13 ## _Representative of the Diocesan Synod_ Mr Kevin Hanlon (elected August 2023) ## _Representatives of the Deanery Synod_ Mrs Stella Chaplin (elected May 2024) Mr Kevin Hanlon ex-officio (elected July 2023) Mr Mark Russell (elected APCM 2023) ## _Lay Representatives_ Mrs Jean Bateman (elected APCM 2023, 1[st] term until February 2025) Ms Terri Ferro (elected APCM 2024, 1[st] term) Mr David Harrison (re-elected APCM 2024, 2[nd] term) Mrs Frances Hitchcock (elected APCM 2024, 1[st] term) Mrs Anne Huelin (re-elected APCM 2024, 2[nd] term) Mrs Sue Montague (elected APCM 2023, 1[st] term) Mrs Liz Morley (re-elected APCM 2023, 2[nd] term) Mrs Caroline Osborne (re-elected APCM 2025, 2[nd] term) Mrs Clare Peel (re-elected APCM 2024, 2[nd] term) Mr John Ray (elected APCM 2025, 1[st] term) Mrs Jennie Schofield (re-elected APCM 2025, 2[nd] term) Mrs Nancy Webster (elected APCM 2023, 1[st] term) _Co-opted member:_ Mr Josh Fernandes (elected May 2025) _Hon Secretary:_ Mrs Caroline Osborne (from May 2022) _Hon Treasurer:_ Mr David Harrison 14 ## **Structure, Governance and Management** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers measure. The method of appointment of the PCC is set out in the Church Representation Rules. New PCC members are encouraged to read ‘ _Trusteeship - An Introduction for PCC Members_ ’ and ‘ _A brief outline of what every PCC member needs to know about church finance’,_ both available from the Church of England parish resources website: www.parishresources.org.uk/pccs ## **Aims and Purposes** Frimley PCC is responsible in Canon Law for co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It has the additional specific responsibility for the maintenance of St Peter’s Church and Hall, St Francis’ Church and Hall, and the parish properties at 4 Warren Rise and 9 Merlin Court. ## **PCC Meetings** The Standing Committee and PCC both met six times in 2025. In 2025 attendance at PCC meetings by PCC members was 80%. ## **Objectives and Activities** When planning our activities for the year, we have considered the Commission’s guidance on public benefit and particularly the supplementary guidance on charities for the advancement of religion. The parish vision statement is: _Sharing our experience of God’s love; showing God’s relevance to daily life_ . The PCC is committed to making all our worship as attractive and inclusive as possible to every member of our local community as well as to visitors, enabling them to grow in the faith and love of God and to become active members of our worshipping community. The PCC maintains an overview of all worship and pastoral activity, ensuring that all services are open to all members of the public and ensuring that outreach and service to the local community are conducted sensitively and diligently. The PCC seeks to enable Christian people of whatever background to live out their faith day by day as part of the community, specifically through: - Worship and prayer; learning together about, and growing in, Christ; living and sharing the Good News of God in Christ; being transformed each day more into his likeness. - Pastoral care for all who live in or have a connection with the parish and the Christian community, regardless of background, ethnicity, or faith affiliation. - Mission and outreach, including engagement with the local community through compassionate Christian service, as well as more actively sharing the Good News of Jesus with all who may seek our help for any reason. - Maintenance of all our premises in a good condition, including the memorial garden and open churchyard, to facilitate and nurture our call to mission. 15 ## **APCM Ministry Report 2025** ## **Ordained and Lay Ministries, Worship and Prayer** 2025 has been another busy and eventful year for Frimley Parish. Sean, Joy and Becky have continued as the core Ministry Leadership Team, ably assisted by the lay service and preaching team, Jennie Schofield, Susan Chard, Sharon Pilling and Carol Clarke. We also welcomed Emily-Grace Sainsbury as our Ordinand in training, who, along with the rest of the team, has preached, prepared and led our worship throughout the year within our many differing services and worshipping contexts. Their collective contribution has been vital to the faith and life of the community. While our regular service pattern has remained mostly unchanged throughout 2025, we have continued to develop our seasonal services and offerings. This included the Frimley Forest Church Community, a fresh expression of church which seeks to be closer to God through care, fun and creativity in nature. Forest Church has met quarterly (once a season) on the newly renamed St Francis’ Eco Copse, behind St Francis’ Church. It has maintained a steady number of attendees throughout the year, apart from the first meeting of the year, when the congregation took to the Frimley Fuel Allotments for an Epiphany ‘worshipful walk’. A particular special thanks to Leola Card, Becky Speyer and Emily-Grace Sainsbury for helping to lead, prepare and assist with worship activities during Forest Church. Thanks also to Shirley Tidey for preparing and overseeing refreshments, and to Matthew Sleap for his campfire skills. Sunday services at St Peter’s have continued both in person and live-streamed. The main Sunday Service has taken place at 10am, with the choir singing on the 2[nd] and 4[th] Sundays of the month, under the leadership of Alex Fernandes, who continued the role of leading the choir, ably assisted by the administration skills of Salma Sams. Regular accompaniment of the choir at St Peter’s continued to be provided by Joanna Lavender and Cathy Till, and we would like to thank each of the choir members and accompanists for their continued support of the choral musical worship of the church. The Music Group continue to lead sung worship on the 1[st] , 3[rd] , and 5[th] Sundays, with several new singers joining from the choir ranks. A big thank you to all musicians and singers, as well as Cathy Till for her continued oversight of the Music Group. Alex Fernandes has continued to assist the Rector with musical planning for all major services and, while she stepped down from her choir role after Christmas 2025, she continues with this aspect of the role, and the Rector would like to take this opportunity to give thanks for all she has given to the musical worship over the last two years. The midweek Holy Communion Service continued on the 2[nd] and 4[th] Wednesdays of the month, led by Sean on the 2[nd] Wednesday and by Joy on the 4[th ] Wednesday respectively. Zoom Morning Prayer has continued every Tuesday and Friday morning with a small but faithful regular attendance. The monthly Sunday Service of Holy Communion has continued to be offered at St Francis’ Church every 3[rd] Sunday of the month, with numbers remaining generally consistent over the year. James and Elliot Cassleton continued in accompanying musical worship at St Francis’ until September 2025 when Elliot left to begin studies at Oxford University, after which Joanna Lavender kindly stepped up to add the St Francis’ Sunday to her regular accompaniment at St Peter’s. 16 All-Age Café Church continues with a special emphasis on intergenerational engagement in community, hospitality, fellowship and worship. The church is set in a café style, with breakfast served from 10am and worship beginning at 10.30am. Worship is then aimed to last approximately 45 minutes and follows a set structure, continuing to utilise ‘The Jesus Storybook Bible’ videos by Sally Lloyd-Jones, read by David Suchet and including table activities and interactive intercessions. A special thank you to Susan Chard and Sharon Pilling for their vital involvement in the development, preparation and leading of All-Age Café, Becky Speyer for preparing table activities, as well as Clare Peel and Vicky Mannion for preparing and overseeing the breakfast arrangements. The 8am said Holy Communion Service has continued on the 2[nd] Sunday of the month at St Peter’s, as well as on feast days such as Christmas Day and Easter Day, with a small but faithful regular congregation, as well as many visitors throughout the year. We would like to thank Edgar Jupp, Deb Wright and Til Saru for their continued support of this service. We would like to thank Jennie Schofield who has continued her valuable ministry as a Lay Funeral Officiant for the parish, despite a hip injury at the end of 2024. Alongside Sean and our Diocesan and Ecumenical partners, the funeral ministry provided by the parish remains an important ministry to the local community. We would also like to thank Sharon Pilling for her oversight of the Prayer Ministry Team for the first half of 2025, before stepping down in July. We would like to thank Sharon, as well as all our prayer volunteers, for the regular Prayer Ministry they provide at the end of our Sunday morning services, as well as other seasonal occasions. A full range of different regular and seasonal services led by the Ministry Leadership Team, the Occasional Lay Service Leaders and Preachers, as well as visiting Diocesan and Deanery Priests, has been offered throughout the year. Communion continues to be consumed in both kinds (bread and wine) with a gluten-free option available within our weekly services. Although personal intinction is still not allowed, and some congregants still choose to receive in only one kind (bread only), work continues to be untaken by the Ministry Leadership Team in conjunction with the PCC to open up the distribution and the receiving of communion in both kinds to all, with the addition of dealcoholized wine. The Sunday morning Splash children’s group continues, up to three Sunday mornings a month, with the dedicated team overseen by Becky Speyer. While attendance is sometimes sporadic, we thank the team for their continued dedication to planning and delivering junior church to the children of the parish and to visiting children. We would also like to thank Tessa Fullwood for continuing her bell-ringing ministry, which not only brightens up our church on regular occasions, but also during weddings and other special celebrations. This year we continued a full program of Lent and Holy Week services and activities in church but, due to family illness, our Rector Sean was signed off on compassionate leave. However, thanks to meticulous planning, our retired clergy Joy Lievesley and our staff and volunteer teams were able to offer all our activities as normal, bar the 8am Holy Communion. Our evening Ash Wednesday service was followed by a weekly all-church evening Lent Course utilising the LICC Fruitfulness on the Frontline course. 17 Our Easter services and activities began once again with a Maundy Thursday ‘simple supper’, followed by a stripped back ‘Agape Meal’, with the washing of hands offered in place of the washing of feet. A special thank-you is offered to Clare Peel for her catering on the evening. Good Friday services and activities continued with the Stations of the Cross at St Peter’s, which this year utilised new images and accompanying materials, our annual Easter Trail between St Peter’s and St Francis’ Churches and the ‘Hour at the Cross’ service led by Joy. Easter Saturday concluded with our annual Easter Vigil service where 20 or so worshippers gathered for a reflective service including the lighting of the new Paschal Candle, traditional scripture readings and liturgy led by Joy and supported by Emily-Grace and Becky. On Easter Sunday the Easter celebration and communion service was led by Joy with Emily-Grace preaching, supported by the Worship Group. It included the processing-in of the Easter Light (the new St Peter’s Church Paschal Candle) and concluded with the sending-out of the Easter Light (the new St Francis’ Church Paschal Candle). This service was attended by over 100 people. The Revd Canon Stuart Thomas returned to help preach and preside at our St Peter’s Church patronal service in June 2025, which was followed by a church BBQ. This year the service took the form of a parade where over 70 representatives of our uniformed organisations paraded from The Grove Green and joined us for the service and BBQ. A special thank you to Frimley Scouts for lending us their BBQ and to Stephen Peel for his culinary skills behind the BBQ, as well as Clare, Lottie and Tom Peel for their assistance behind the scenes. We celebrated Creationtide once again in September, with our charity this year being A Rocha UK. We also hosted a Creationtide petting farm and fun afternoon alongside the usual events and services. Our Harvest Festival once again supported Camberley Besom charity and Creationtide season finished with the Festival of St Francis, a special St Francis-themed Forest Church. Bishop Paul Davies joined us for our bicentennial year launch with a civic service attended by over 100 people, including our local MP and other local politicians and dignitaries. Once again, our annual Memorial Service was led by Sean and Jennie and Emily-Grace preached at our Annual Remembrance Sunday service, which was supported by Matthew Sleap and Mark Russell who helped lead the Act of Remembrance, while members of the uniformed organisations dropped poppy petals from the gallery. Our Advent and Christmas activities included two new, well-attended activities: Caroloke – a Christmas music event aimed at youth and young adults and Beer & Carols, organised in conjunction with Chaos Brewery, where over 120 people joined us for Christmas Carols, beer and good times. Many thanks to our willing group of volunteers who once again prepared two hundred Christingles for our Christingle service, which was co-led by Susan and Sean, ably assisted by the mascots, members of our uniformed groups and Chris the Christingle Orange. Once again significant funds were raised in aid of the Children’s Society charity and the attendance levels remained high, even in the face of lower-than-average uniformed organisation attendance on the day. St Francis’ played host to The SANDS memorial ‘Snowflake’ service for a second year, led by Sean and members of the Stillbirth and Neonatal Death charity, giving space for families to come and remember lost loved ones at Christmas. 18 Our annual service of Lessons and Carols by Candlelight remained well attended, and a special thank-you is offered to Alex, the Choir and Joanna, as well as the nine readers of the lessons. Once again, Becky and Sean, with support from Leola Card and June Benfield, ran a Relaxed Crib service at St Francis’ Church, a service designed for families and children with additional needs. This service saw a similar attendance to last year and was enjoyed by all who were involved. Sean and a team of am-dram all-stars led a ‘rhyming nativity’ themed Crib service, including a fully costumed drama, full sized cardboard stable animals, and participation from younger members of the congregation, with funds raised once again for the Christian Aid’s Middle East Disaster Appeal and a bumper attendance. The midnight communion attracted better numbers this year, while the Christmas morning 8am communion and 10am Christmas celebration attendance remained consistent. Our 2025 worship concluded with a Low Sunday carols and communion service, before ringing in the new year. Our congregation has remained steady over the past year, consistently seeing approximately 70 - 80 attendees and communicants on an average Sunday. Although we have bid a sad farewell to a few congregants, we also continue to welcome new people on a regular basis, seeing a steady congregation number throughout the year. Alongside duties as Rector, Sean continues as a Trustee of Camberley Youth for Christ and as Borough Dean to Surrey Heath Borough Council, acting as liaison between the Deanery and the Borough, while also remaining a member of the Surrey Heath Deanery Leadership Team by proxy. Additionally, Sean has joined the Guildford Diocese Schools and Churches Partnership Committee. ## **Youth Children and Families Ministry** 2025 was a year of growth for our youth and children’s activities. Toddler Fun continues to thrive, now averaging 70 children aged 0 - 4 years attending each week! This year we have welcomed Justine to the team. She joins Lisa, Harriet, Danielle and Vicky, our loyal and committed volunteers who show up to make the group run each week. I am hugely grateful for the support these ladies give – it wouldn’t be physically possible to run Toddler Fun without them. At Toddler Fun we have continued to expand our range of toys and activities; the hall meeting room now provides a space for ride-on toys to be enjoyed, away from play mats on the floor in the hall. The expanded space is enjoyed by all the children. Our Bumps & Babies group goes from strength to strength with an average of 16 families attending each week. We have welcomed lots of new babies this year and the group continues to provide much appreciated support for families with babies aged 0 - 2 years. The team continue to enjoy seeing the babies grow and celebrating milestones with parents as little ones learn to move, walk and talk. I would like to thank June, Jackie and Deb for their unwavering support and their commitment to supporting our Bumps & Babies families. Splash Sunday School continues to meet during our 10am services at St Peter’s. Our dedicated team of volunteers help the children to explore Bible stories in an age- and stage-appropriate way. The group may be small, but it is thoroughly enjoyed by the children who attend and it’s wonderful to see the friendships between children blossom. 19 Youth Café continues to meet on Friday evenings during term time with an average of 17 young people who attend each week. This group for 10 - 17-year-olds has seen a new intake of 10 and 11-year-olds joining the group and forming the foundation for the future of Youth Café. Ably supported by a fabulous team of volunteers, Youth Café enjoyed several off-site trips including Jump In trampoline park, roller skating and crazy golf. Several of our older Youth Café members are now aging out of our Friday group and have begun to meet once a month for ‘Monday Meet-Up’, an evening of catching up over dinner specifically for those aged 16 years plus. A few other notable highlights from our seasonal activities include our Easter Trail, involvement with the annual Count on Nature event, churchyard trails, summer holiday activities and welcoming local schools into Church at Christmas. Our telling of the Easter Story began at St Peter’s Church and wound its way through local roads to St Francis’ Church where nearly 140 individuals finished the trail and enjoyed a time of food and fellowship. During our Count on Nature event in June, families came and participated in tracking the nature in our churchyard with treasure hunts, bug hunts, bird-house making and quizzes. The summer holidays saw the return of Summer Fun, with fun-packed Tuesday mornings of craft, alongside the new addition of Family Lunch Club which fed 44 people over two sessions and a Nerf Wars afternoon which entertained 15 children. The final highlight to draw attention to is the success of our Christmas school visits, particularly Year R from The Grove School visiting for a morning of story and craft to help the children learn more about the Christmas story. It’s wonderful to see the children feeling comfortable exploring our church and the joy on the teachers’ faces when they see the lengths we are willing to go to in supporting the learning and happiness of their classes. None of this wonderful work would be possible without the exceptional volunteer teams that work alongside me. I can’t thank you all enough for the support that you give to me and to the children and young people of our parish. Becky Speyer – Youth and Children’s Co-ordinator ## **Occasional Offices** In 2025 St Peter’s hosted one wedding, one wedding blessing, eight baptisms and a confirmation service with one candidate from the parish. We also said a sad farewell to several faithful worshippers and friends both past and present including Bernard Bowden, Don Bullimore, Jean Bateman, John Stacey, Helen Hutchison, Terry England, Stuart Parr and John Williams. In total, St Peter’s Church hosted fourteen church funerals, and our ministers took eleven crematorium funerals and performed twenty-one burials of ashes. St Peter’s Church also hosted four memorial services throughout the year. While St Peter’s churchyard remains closed to new burials, full interments into existing graves, a handful of plots reserved by faculty, and burials of ashes remain possible and popular. ## **Provision of Pastoral Care** During 2025 Thora Ray continued to head up our Pastoral Care Team, maintaining a pastoral visiting framework to ensure best practice, safeguarding and consistent reporting by all pastoral visitors and assistants. 20 Becky Speyer continued with oversight of baptism families, with assistance from Sean and Clare, and pastoral visitors continued to work with the dying and the bereaved and to offer home communions to the housebound alongside Joy and Sean. Following the death of Jean Bateman, Jennie Schofield took over the sending round of the regular prayer request update email, for emergencies and personal needs, a ministry which continues to be appreciated and continues to grow. Salma Sams continues within her role as Frimley Fuel Allotments representative for the parish, and the parish continue to benefit from grant support each year which enables us to offer substantial help to those in greatest need within our parish. ## **Mission and Outreach Work** Fundraising initiatives have continued during 2025, especially with the monthly Charity Coffee Mornings raising over £1600, as well as awareness of a range of charities and local causes. Open Church coffee mornings continued every Friday and Saturday morning, and it remains a great help and blessing to those struggling with loneliness and mental health issues. We also began to host a monthly Sunflower Dementia Café in partnership with Right at Home, the Rotary Club and Frimley Fuel Allotments, and support many local carers and sufferers through it. A special thankyou to Jenny Thornton for her assistance and energy in bringing this important outreach ministry to our parish. A special thank-you to Liz Morley for taking over the organisation of Open Church following the death of Jean Bateman, along with Sophie Gaw, Mary Murrells and the hospitality team for looking after our catering requirements and resources, as well as serving them frequently! Our spring and winter sales remained popular and well attended, hosting many local craft and trades from the area, and we offer special thanks to Clare and the team for the organisation and execution of these events which raised approximately £3000 across both sales towards the mission and work of the parish. Ministry to our local schools and nurseries continues to go from strength to strength. The Open the Book Team led by Frances Hitchcock continued to visit Sandringham and Cross Farm Infant Schools weekly, throughout the year. We welcomed The Grove primary school, Frimley Green pre-school and Frimley C of E junior school for Easter, Harvest Festival and Christmas activities and concerts. These were ably led by Sean, Clare, Becky Speyer, and a team of volunteers who welcomed the schools and led prayers and other activities. Sean continues to lead monthly assemblies at Frimley C of E and remains on their SIAMS steer group. The school’s pupil community outreach team has also assisted with stalls and games at our spring and winter sales, as well as our monthly litter pick. Sean also led Easter and Christmas assemblies at Carwarden House School. Sean has also continued to host local uniformed groups at St Peter’s Church and visits to the scout hut. The groups are working towards their faith badges, have assisted with litter picking around the churchyard, and Sean has spoken at their community service evening. 21 Preparations for our bicentennial celebration year continue as we go into 2026, with Terri Ferro continuing to oversee all the different events and preparations. ## **Staff Team and Volunteers** Clare Peel has been with our parish for 18 years in 2025 and continues to coordinate the day-to-day running of the Parish Office including organising a variety of rotas and volunteer groups. Clare oversees the planning and organising of our church and community events with the Staff Team and remains the first point of contact for members of the wider community. Her support, leadership and expertise remain invaluable for the smooth running of the parish and we are grateful for her continued hard work and diligence. Our Facilities Manager, Leola Card, continues to do a tremendous job with the administration and maintenance of our buildings, facilities and properties, working closely with our volunteer maintenance team, contractors and hirers. Hall hire has returned to pre-Covid levels with regular users and hirers, and increased levels of one-off hirers, events and parties. Leola continues to ensure that our premises remain in excellent condition and maintains regular contact with all our hirers. As well as being our Facilities Manager, Leola also convenes the Eco Church Team which continues to meet regularly and works in conjunction with Matthew Sleap who heads up our Net Zero Team. The Eco Team continues to work towards the A Rocha Gold award at St Peter’s, as well as the Silver award at St Francis’, and has taken significant steps closer to achieving these endeavours. The contribution made by Clare and Leola remains invaluable for the smooth running of our parish and both the Wardens and Sean would like to express their deep gratitude for all they do! The Fabric Team under the leadership of Alan Gaw continues to make sure our facilities, buildings and other properties remain in tip-top condition. Mick Stevens continues to maintain and carry out repairs to our electrical installations and AV systems regularly, and, alongside Alan, continues to cover so many jobs that would otherwise add up to a significant maintenance expense for the parish. This has included the overseeing of LED lighting upgrades, the painting of the outside wooden cladding facias of St Francis’ Church, the preparation and painting of the hall doors at St Peter’s in conjunction with Tony Chaplin, as well as countless other significant pieces of maintenance work that have taken place. We also thank both Alan and Mick for their continued support as Assistant Churchwardens. We would also like to thank Sue Ferro for her continued invaluable voluntary help as Parish Registrar. Sue continues to support Clare and Sean in the office, preparing service booklets and overseeing administration and record keeping for baptisms, weddings and funerals. Sue continues, alongside Clare, to deal with requests for burials and memorials, together with the extensive task of ensuring that our churchyard complies with the Churchyard Regulations Measures. She continues to act as head verger, alongside Becky and Clare, and has voluntarily covered innumerable office and other practical functions to back up the team in ensuring the parish runs smoothly. We would also like to thank Kevin Hanlon for his continued administration of our website and his vigilance in keeping the information contained within it up to date and accessible to all who visit it. 22 We thank Kevin, Mick and Terri for their continued work behind the AV desk at St Peter’s, and especially Terri for her diligent compiling of the service PowerPoint presentations. Mark Russell continues as our Churchyard Administrator, looking after the care and maintenance of Surrey’s largest churchyard, and overseeing our small but diligent team of churchyard volunteers who carry out the vital work of mowing and maintaining different sections of the churchyard throughout the year. We especially give thanks to Rob Agar who heads up the churchyard volunteers on a day-to-day basis and personally puts in hundreds of hours of mowing and tidying a year. Although now closed to new interments bar existing faculties and burials of ashes, the parish has retained the overall responsibility of the churchyard maintenance, rather than cede it to the local authority, and the funds offered by the local authority to carry out this maintenance continue to be woefully inadequate for the job at hand. The Community Payback Team (Probation Service), overseen by Clare and Leola, continues to supplement work within the churchyard and outside spaces both at St Peter’s and St Francis’. Tracey King-Carley and Dominic Woolmer continue as our cleaners at St Peter’s, St Francis’ and St Peter’s Hall respectively. Archie Chard remains in charge of clearing churchyard bins and occasional hall work for the flower club, as well as regular chair set-up and tidy-down duty at St Peter’s Church, and Harry Russell has joined him in this work during the year. Frances Hitchcock kindly took on the overseeing of the Church Electoral Roll following the death of Jean Bateman. And finally, I offer my sincere thanks to Thora and Matthew, our Churchwardens, who both work tirelessly to keep the wheels of the parish turning, and I offer a particular thank-you to Matthew as he completes his term and steps down at the end of this APCM. A special mention is also given to the completion of the first phase of the energy action plan and successful installation of solar panels on the church bungalow roof, which feed the church hall, significantly offsetting our daily energy use and even allowing us to export surplus energy, back into the national grid. We are thankful for all the blessings that God has bought to our parish over this last year, and for all we have learnt through the many challenges. We look to 2026 with excitement for all that God will do and bring in this bicentennial celebration year! To God be the glory! **Sean Beagley – Rector – The Parish of Frimley February 2026** 23 ## **Treasurer’s Report 2025** ## **Overview** The net change in Parish funds during 2025 was an increase of £13,131, comprising a gain from income exceeding expenditure by £18,131, partially offset by an unrealised loss on revaluation of property of £5,000. This compares to a budget forecast deficit of c.£18,000 for the year, the difference largely attributable to unbudgeted bequest income of £41,995 (from the estates of the late Audrey Gullett and Jean Bateman). Excluding bequest income, expenditure exceeded income during the year by nearly £24,000, this figure being more representative of the underlying state of our finances. ## **Income** Overall income in 2025 was £301,799 (2024: £255,044). Regular planned giving fell more significantly yearon-year (£53,737 vs £57,905) as several of our more generous givers either moved away or passed away. Gift Day income, which was unusually high in 2024, reduced to a more typical level (£9,734 vs £13,525 in 2024), but we benefited from bequest income of £41,995 during the year. Income from church activities was slightly higher than in 2024, and grant income was considerably higher as we received grants toward energy efficiency and St Francis’ furniture and landscaping. However, we saw a significant reduction in investment income from Church House as the property was empty for the last few months of the year after the tenant left and while it is being refurbished. ## **Expenditure** Expenditure in 2025 was £283,668 (2024: £253,054). Our Parish Share increased (£95,262 vs £92,672), and most other expenditure including staff costs also increased in line with general inflation. Running expenses for all our building were notably higher, in part due to significant increases in the price of gas. We also saw a significant increase in expenditure in both our investment properties, in particular at Church House which is being refurbished in preparation for re-letting in 2026. ## **Church Hall Solar Panels** We received sufficient grant funding and donations in 2023 to proceed with a major project to install solar panels to provide electricity to the church hall, with the aim of reducing our energy bills in the longer term and also helping to reduce our carbon footprint. The project was unfortunately held up by delays in the planning process, but we were finally able to proceed with the installation in April 2025. The total cost of the equipment and installation came to £25,780, of which £23,500 was covered by grants and specific donations. They were capitalised as a new fixed asset, to be depreciated over ten years. We have already seen the benefits in terms of reduction in the electricity bills (which were c.£800 lower in the summer months than the same period in 2024) and we also received £350 income from selling surplus electricity to the grid. ## **Charitable Giving** The Parish re-affirmed its aspiration to allocate 10% of Regular Giving to charitable mission purposes. Proceeds of collections on behalf of other charities were lower than in previous years, and though we made small donations from our own church funds to supplement these, overall outward giving was flat year on year (£2,835 vs £2,816 in 2024). 24 ## **Reserves Policy and General Funds** Our adopted reserves policy is to maintain a balance of unrestricted funds to cover two months’ standard outgoings plus one month’s Parish share. This equated to approximately £50,000 based on 2024 expenditure. In September 2024 the PCC approved a temporary amendment to our reserves policy, requiring an unrestricted reserve fund of £40,000, though this amendment was not extended in 2025. At the start of 2025 our unrestricted cash balance stood at £58,000, and at year-end this had increased to £60,000. The majority of our unrestricted funds come from bequest income which is designated by the PCC for funding of specific projects as they arise and is not normally used for day-to-day activities covered by General Funds. For several years the bequest funds have been used to balance General Fund cash flow temporarily, as required, with the General Fund being back in credit by year-end. However this was not the case in 2025, with the General Fund at year-end having a deficit of nearly £18,000. The PCC therefore agreed to transfer £20,000 permanently from the bequest fund to clear the General Fund deficit. ## **Volunteers** The financial management of the parish is dependent both on the diligent work of our salaried staff and the dedicated efforts of many volunteers who generously donate their time and effort to ensure the safe and compliant running, and future development, of our church community. I would like to add my personal thanks to all the parishioners who have generously donated to the church funds and supported our fund-raising activities this year, and to the entire Treasury team who looked after our finances and have kept the books in good order throughout the year. **David Harrison Hon. Treasurer February 2026** **Approved by the PCC on and signed on their behalf by Rev Sean Beagley** 25 CHARITY REGISTRATION No. 1134309 A1 PAROCHIAL CHURCH COUNCIL OF FRIMLEY Diocese of Guildford Parish of St Peter's and St Francis. Frimley, Surrey FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the financial year ending 31 December 2025 Contents Independent Examinels Report Statement of Financial Activities A3 Balance Sheet A4 Notes to the Financial Statements A5-A13 Financial Statements Page1 of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY PageA2 Financial Statements for the Year Ended 31 December 2025 Independent Examiner's Report to the membersltrustees of the PCC of Frimley, Surrey I report on the Financial Statements of the charrty for the year ended 31 December 2025 which are set out on p8ges A3 to A13. Respectlve responslbllltles of the Trustees and the Independent ExamSner The charity's trustees are responsible for the preparation of the Financial Statements. The charity's trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (The Act) and that an independent examinakn'on is needed. It is my responsibility to.. 1 examine the Financial Stslemenls under Se￿lOn 145 of The Act 2 follow the procedures laid down in the general Directions given by the Charity Commissioners under section 14515llbl of The Act 3 stale whether particular matters have come to my attention. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the Financial Statements with those records. It also includes considering any unusual items or disclosures in the Financial Statements and seeking explanations from you, as trustees, concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and, consequently, no opinion is given as lo whether the Financial Statements present a 'tnJe and fair view" and the report is limited to those mallers sel out in the statement below. Independent examiner's sL*ement Since th8 charity's gross income exceeded £250,000 the examiner musl be a member of a body listed in section 145 of The Act. I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act., and to prepare Financial Statements which accord with the accounb.ng records and comply with the accounting requirements of the Act have not been met., or. 2 to which, in my opinion, allenlion should be drawn in order to enable a proper understanding of the Financial Statements lo be reached. Mrs S Keane FCA Fuller-spurling Chartered Accounlanls 90 High Street Sandhurst Berkshire GU47 8EE Financial Statements Page2 of 13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY PageA3 STATEMENT OF FINANCIAL ACTIVITIES ISOFAI For the year ended 31 December 2025 Unrestricted Restricted Funds Funds Total 2025 Total 2024 Notes INCOME Voluntary Income Activities for Generating Funds Income from Church Activities Other Incoming Resources Income from Investments 21al 21bl 21cl 21dl 21el 140,736 3,977 91,038 12,640 27,061 10,064 765 3,683 11,836 150,800 4,742 94,721 24,476 27,061 116,848 5,954 92,005 6,737 33,501 TOTAL INCOME 275.451 26,348 301,799 255,044 EXPENDITURE Church Activities Raising Funds Church Management and Administration 3lcl Outward Giving Bank Charges Cost of Investments 31al 31bl 164,975 1,316 95,225 220 240 14,725 4,333 169,308 1,316 95,225 2,835 260 14,725 156,448 1,214 87,110 2,816 343 5,115 31dl 31el 31fj 2,615 20 TOTAL EXPENDITURE 276,700 6.968 283,668 253,045 NET INCOMEI{EXPENDrruRE) Transfer lo Fixed Assets Transfer between Funds {1,2491 19,380 18,131 1,999 41dl 23,497 123,4971 GAINS AND LOSSES ON INVESTMENTS realised unrealised 51cl 15,0001 15,0001 35,000 NET MOVEMENT IN FUNDS 17,248 4,117 13,131 36,999 TOTAL FUNDS BROUGHT FORWARD 01 January 2025120241 1,750,006 26,075 1.776,081 1,739,082 TOTAL FUNDS CARRIED FORWARD 1,767,254 21,958 1,789,212 1,776,081 Financial Statements Page3of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY Page A4 BALANCE SHEET AS AT 31 DECEMBER 2025 Note 2025 2024 FIXED ASSETS Tangible Fixed Assets Investment Assets 5{bl 51c} 992,881 710,000 1,702,881 974,456 715,000 1,689,456 CURRENT ASSETS Debtors and Accounts Receivable Cash at Bank 13,982 81,779 95,761 12,084 83,820 95,904 LIABILITIES= amounts falling due Within one year 9,430 9,279 NET CURRENT ASSETS 86,331 86,625 Total assets less current Ilabllltles 1,789,212 1,776,081 TOTAL NET ASSETS 1,789.212 1,776,081 FUNDS Restricted Designated UnreslricledlGeneral 10 10 10 21,958 60,823 1,706,431 26,075 47,184 1,702,822 1,789.212 1,776.081 Approved by the Parochial Church Council and signed on its behalf by Rev Sean Beagley IPCC Chair) Dale'.- Pages A5 to A13 form part of these accounts. Financial Statements Page4 of 13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 PageA5 ACCOUNTING POLICIES The PCC is a public benefit entity within the meaning of FRS102. The financial slalements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations true and fair view" provisions, together with FRS102120161 as the applicable accounting standards and the 2016 version of the Slalement of Recommended Practice, Accounting and Reporting by Charities ISORPIFRS1021 effective 1 January 20191. The financial statements have been prepared under the historical cost Convention ex￿pt for valuation of investment assets, which are shown at market value. The financial slalements are presented in sterling which is the functional currency of the charity and rounded lo the nearest £1. Funds General funds represent the funds of the PCC that are not subject to any reslriclions regarding their use and are available for application on the gener81 purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds are those which must only be spent on specific purposes and details of the funds held and restrictions are provided in note 10. 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 and those that are informal gatherings of Church members. Income Recognition of Incomg Income is included in the Slalement of Financial Activities ISOFAI when.. 1. The PCC becomes legally entitled to the use of the resources., 2. and inflow of economic benefit is probable,. and 3. the monetary value can be measured with sufficient reliability- Grants and donations Grants and donations are included in the SOFA when the funds ar8 received and the PCC had agreed that any restrictions on their use can be met. Collections and planned giving are included when the funds are received. Gift Aid Tax claims Gift Aid and other tax claims are included in the SOFA al the same lime as the cash donations to which they relate. Fundraising Funds raised from events and activities are reported gross in the SOFA. Vounteer help The value of any voluntary help re￿iVed is not included in the accounts but is described in the trustees, annual report. Rental inGome Rental income from letting of church premises is recognised when the rental is due. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Notes to the Financial Statements Page 5 of 13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS {Continued) for the year ended 31 December2025 PageA6 ACCOUNTING POLICIES (Continued) Expenditure and Liabilities Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable. Pension costs The PCC makes contributions, on behalf of its eligible employees. into the Church of England Pension Board fund known as Church Workers Pension Builder 2014. See note 15 for full details. The scheme is compliant with auto-enrolment requirements. Contributions are charged to the SOFA as the obligation to pay them becomes due. Fixed Assets Consecrated land and buildings and movable church fumishings Consecrated and beneficed property is excluded from the accounts by s.101211¢l of the Charities Act 2011. Moveable church furnishings held by the Rector and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable propety acquired prior lo 2002 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2002 wll be capitalised and depreciated in the accounts over their anticipated useful economic life on a slraighl line basis. All expenditure incurred dLJring the year on consecrated or benefice buildings and movable church furnishings acquired before January 2002, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. Capital Equipment Items purchased over the value of £1,000 are capitalised and written off on a straight line basis over their ijseful economic lrfe.. Computer equipment.. Other electronic equipment.. Officelkitchen equipment.. Moveable furnishings.. 3 years 5 years 7 years 10 years Gifts in kind Gifts in kind are valued at a reasonable estimate of their open market value on receipt and capitalised if over £500. If the useful economic life is expected to exceed 50 years the asset is not depreciated but reviewed annually for impaimienl. Freehold Property The PCC have not depreciated Freehold Property since, in their opinion, the properties are maintained to a high standard which will extend their useful economic life beyond 50 years. Any depreciation charge would be immaterial. An impairment review is carried out each year and any resullanl loss identified is included in expenditure for the year. The Bungalow is not included as investment property as il is retsined for church purposes when required. Merlin Court and Church House are ¢ategorised as an investment property as they are currently being held to generate funds. Investments Investment properties are included at trustees, best estimate of market value, based on advice from the letting agents. Notes to the Financi81 Statements P8ge6of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 PageA7 2 INCOME Unrg$trl¢ted Funds Restr1￿￿￿ Funds Total 2025 Totsl 2024 {al Voluntary Income Planned Giving Plate Collectlons Annual Gift Day Dunations Grft Donations Sundry Donations Bequests and Gifts in kind Income Tax Recoverable 53,737 2,834 9,534 4,431 10,248 41,995 17,958 140,736 53,737 2,889 9,734 4,431 18,257 41,995 19,758 150,800 57,905 3,836 13,525 3,7 16.732 55 200 8.009 1.800 10,064 21.112 116.848 Total {bl A¢tivities for Generating Funds Fetes & other fundraising events 3,977 3,977 765 765 4,742 4,742 5.954 5,954 Total (cl Income from Church Activities Par18h Magazin& st Peter's Hall Lettings st Francis. Hall Lellings St Peter's Hall- Electricity Expt>rt Fee5 PCC Churchyard Fees Additional PCC Fees Rents.. Bungalow Charity Donations Choir Flower8 W8dding fI0￿rg st P8ter8." Chlldrèn & Youth Refreshments Parish EvenlslActvities 37,087 21,443 37,087 21,443 348 2,M3 7,392 3,398 10,028 2,465 38,742 21,954 2,M3 7,392 3,398 10,028 854 8.659 9.855 3.599 2.465 672 672 450 205 3,249 2,664 1.773 92.005 2,647 2,637 2,PA2 91,038 2,647 2,637 4,060 94.721 1.218 3,683 Totsl {dl Other Income Mlstellaneous Income Insurante claims Metnorial garden Grants 5,455 6,351 5,455 6,351 4,437 300 2.000 6.737 835 12,640 11.836 11,836 12,670 24,476 Total 21el Income from investments Rents." M&rfin Court RÈnts." Church House Divid8nds & Inler8sI 13,112 12,685 1,263 27,061 13,112 12,685 1,263 27.061 12,632 19.593 1,276 33.501 Total TOTAL INCOME 275,451 26,348 301,799 255,044 Notes to the Financial Ststernents Page 7 of 13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS {Contlnued) for the year ended 31 December 2025 Paga A8 3 EXPENDITURE Unrestrlcted funds Restrlcted funds Total 2025 Total 2024 la} Activities directly related to the work of the Church Ministry.. Parish Share - Cleryy Expenses Visiting Clergy C0818 Tralnlng for Licen88d Mlnl8try Outreach l Rector's fund for those In Need St Peterfs Church- Running ExtEnses St Peterts Church Repairs St Peterts Hall Running expenses St Peterts Hall- Repairs St Francis, Running Expenses St Francis, Repairs Youth C8fé l Toddlers I Splash Parish Event81Aclivilies Church Flowers Weddinglfuneral flow&rs Refreshmènts Upkeep of Churthyard & Memorial GardÈn Organi51s and Choir Expenses Church Services Professional Fees IArchitecVSurveyorl 95.262 537 200 95,262 537 200 92,672 88 870 870 12.769 8.291 20.804 60 13.258 1,274 3,372 3,284 842 418 10.591 4.467 19.788 3.069 11.620 199 3,210 1,154 345 109 1,297 2,305 2.235 1,861 1,020 156,448 12.769 8.291 20.804 60 13,258 1,274 3,372 2,294 990 146 1,730 451 1.716 2.304 235 2.032 1,965 2.483 1.716 2.304 Total 164.975 4,333 169,308 Ibl Cost of Fundraising Fund Raising 1,316 1.316 1,318 1,316 1,214 1,214 Total Ic) Church management and administration Parish Offic8 Depreciation on Equipment Repairs, r&newals and maintenance of equipment InsurancÈ Premiums Fees, SubscriptK)ns, Courses, Recruitrnent Independent Examination Stsff Salaries and Expenses Costs of training (not clergy) St Peterfs Bungalow expenditure Total 4,975 7,355 4,975 7,355 180 8.005 2,148 2.100 69.101 4,487 4,781 8,005 2,148 2,100 69.101 7,838 2,632 1,920 64.697 1.360 95.225 1.360 95,225 757 87,110 Id} Outward giving Home rnissions & other Church Societie5 Other Hom& Mission81Charilie8 220 220 2,615 2.615 2,835 2,835 2,816 2,816 Total le} Cost of banking and finance Bank charges 240 240 20 20 260 260 343 343 Total lfj Cost of Investments M&rfin Court Church Hou88 Total 6,106 8,619 14.725 6,106 8,619 14,725 3,053 2,063 5,115 TOTAL EXPENDITURE 276,700 6,968 283,668 253,045 Noles to the Financi81 Statements Page8of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS (Continued for year Ènded 31 December 2025 Page A9 (al siaff Costs 2025 2024 Wages 3n(I sal8ries Aulwnrolment pension contributions TOTAL lincludod in"Exp8nditure-I 84.731 3,305 78,788 2,774 During the year the av&rag8 number of employee8 was 712024- 61. Ibl Payments to PCC Members One rnember of the PCC is also salaried stsff. Itl Govemment Grants During the yesr three grants were received from government enlilies.. £20W from Surrey He8th Borough Council towards upkeep of the churchyard., £835 from the Listsd Places of Worship Gr8nl Scheme (VAT Refund on Clock and Organ repairs)., 8nd £6,852 from Surr8y CC (Your Fund Surreyl towards St Francis refurbishment. Idl Transfers One transfer of £23,497 lsolar panel grants 2nd donatitrnsl was madÈ from Energy Action ostrided fund lo the General Fund upon instsllation of the solar panels. ASSETS FOR USE BY THE PCC lal Freehold Land and Buildings at cost 2025 2024 Parish Hall al cost Sl Francis, Church & Hall at cost T64,423 189,146 764,423 189,148 953,589 953,569 Ibl Tangible assets for use by the PCC Office, oth8r equipment and fixtures Fre8hold land and buildings Total Cost 811 J8nu8ry 2025 additions during the y8ar transfer to inv&stm8nls disposals at 31 December 2025 41.173 25,780 953,569 994,742 25,780 66,953 953,569 1.020,522 Depreciation at 1 J3nU3ry 2025 charge forthe year Idi5posalsl during the year 20.286 7.355 20.286 7.355 al 31 December 2025 27.641 Net Book Value al 31 December 2025 39.312 953.569 992.881 al 31 D8c8mb8r 2024 20,887 953,569 974,456 Prop8rt188 held the use of PCC ar8 r8cord8d al cost, and no consid8r8tion has be8n taken of their curr8nl market valu88. The Parish H8118018r panels w8r8 c8piialis8d separately as other 8quipm8nl and the PCC ag￿ed that Ihey will b& dep￿tIal8d ov&r 10 years. Church House and Merlin Court are considered investrnents as they a￿ rented out to ralge funds.ThÈ Bungalow, which is included in the cost of the St Peterfs Parish Hall. as shown in Note Sa, is retained for church purtvses when required. Notes to the Finanual Ststemenls P8ge9of13 PAROCHIALCHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS Icontlnued for year ended 31 December 2025 Page A10 ASSETS FOR USE BY THE PCC1¢oni from prtv pag¢l 2025 2024 (GI Investments Investment Property- Merfin Court - Church House 235,000 475,000 710,000 240.000 475.000 715000 Totsl Inve8tm8nt8 Inv8stment8- Movem8nts 2025 2024 Church House 475,NO Merlln Court 240,000 Market Value at 1 January Additions l DisposalslTonsfe Gain l Loss on Rev31ualion Market Value at 31 Dècember 715,000 680,000 5,000 235,000 5.000 710,000 35.000 715,000 475,000 Church HDUS8 and Merlin Court ar8 Irealed as inv8Stm8n18 as th8y are l&1 to raise funds. Their fair mark&t valu8 has b8en upda18d b888d on advice from a local lellings agent. DEBTORS Unrestrided Funds £ 1.550 2.694 7.916 12,160 Restrirted Funds £ 1,677 50 95 1,822 2025 2024 Prepaytnenls Income Tax R￿0Verable Other Debtors Total Debtors 3.227 2.744 8.011 13,982 2.985 9.099 12,084 CASH and BANK Unrestricted Funds £ 3,970 17.949 39.436 115 61,471 Rè6tActed Funds £ 2025 2024 CBF Church of England Deposit HSBC Current Account HSBC Savings Account Petty Cash.. Facilities Manager Totsi ¢a$h and Deposits 3,970 17.949 59.745 115 81,779 3.798 16.254 63.653 114 83,820 20,309 20,309 LIABILITIES.. Amounts f8lllng due wlthln ono year Unrestrlcted Fund8 £ 9.258 9,258 Restrlcted Funds £ 173 173 2025 2024 other tredilors & agency balances Totsl 9,430 9,430 9.279 9,279 ANALYSIS OF NET ASSETS BY FUND 2025 Total Funds 2024 Total Funds Unrestrictèd Funds Restricted Funds Fixed Asset5'. Property & Equipment 5(a I Fixed Assets.. Inveslrnent5 Current Assets 6 + 7 Liabilities within one year lind.agency b818ncesl Totsl Assets 992.881 710.wo 73.631 9,258 1,767,254 2.881 710.000 95.761 9.430 1,789,212 974.456 715.000 95.904 9,279 1,776,081 22,130 173 21,958 Notes to the FIr￿nCIal Ststernents Page 10of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for thè year Ènded 31 ￿eMber 2025 Page A11 10 FUNDS lal Re$¢rirted Fund Movement5 Bdlanoe Bll Income Expenditure Transfer5 Balance Clf Bicentenni81 Parish Building Fund Irestricledl P8ri8h Hall Rector's Fund for th088 in ne8d Churchyard Sl Franci8 Buildlro Fund B&friending st Frantis Youth Work St Pele¢s Churth Clock Flowers Energy Action Plan 2.233 996 1.238 434 8,750 213 108 6,852 8,750 1,083 140 870 2,032 2,000 8,852 235 235 201 530 145 23.307 161 100 138 3.484 2.630 362 630 137 3.234 146 60 2.630 123.4971 TOTALS The Bicentennial Fund was established to protect funding forthe Parish's Bicentenary in 2026. The Parish building fund is for non-recurring items of ￿paIr. The Parish Hall fund is for non-recurring itetns of repair lo the Parish H311 IspeGifiGally replaGement of exterior doors in 2025161 The Rector's fund supports discretionary dislribulions to those in need in the Parish. The Churchyard. St Francis, Building 8nd Befriending funds are used to ensure the gran15 received from SHBC & Surrey CC ar8 used fLY their inl&nd8d purpose. Th8 Sl Franci8', Youth Wixk, Church Clock 8nd Flower funds are used to ensur8 donations for Ih8s8 sp8cific purposes are u88d appropria181y. Th8 En8rgy Action Plan fund Is used lo en8ure grant8 and don8tions for the church h811 solar p8n818 and other energy efflci&n¢y projects are use approprlately. The Iran8fÈr of £23,497 this yÈarwas to a Gener81 Funds fix8d asset installatlon of the solar panels. Charities relates to funds raised from charity toffee momings, specrfic danations and spe¢ial ¢olle¢lions paid to a nutnber of charities as shown in note 13. assoGiated Gard Davment DroGessinq fees Ibl Designated Fund Balance5 2025 2024 Parish Building Fund Idesignatedl Bequest Ministry and Mission Eneryy Action Plan 375 53.687 6,760 375 40,844 5.767 197 TOTALS 60,823 47,184 Beque51s have been design3ted to ensure Ihey are not Dortnally spent on general running costs. These funds wll prirllarily be use(1 for capital projects when the need arises. such as the refurbishrnenl of Church House in 2025. However in 2025 the PCC also 8greed lo transfer £20,000 from the Bequests Fund to the General Fund lo clear th8 G&n8ral Fund year-8nd cash deficit. Icl Unrestricted l General fund balance 2025 2024 1,706.431 1,702,822 TOTAL ALL PCC FUNDS 1,789,212 1,776,081 Not8s lo th8 Financial Statements Pag811 of13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS {Continued) for the year ended 31 December2025 Page A12 11 RELATED PARTIES The Bungalow is rented out to a relative of PCC member Ms M T Ferro. £10,028 was paid in the year, constituting full market rent. The aggregate donations (excluding Gift Aid re¢overedl from related parties IPCC members and their close families) amounted l0= £16,551 £1,314 was paid to Fuller Spurling Chartered Accountsnls for payroll-relaled services, and £60 was paid for VAT advice. Fuller Spurling also provide Independent Examination of the accounts. 12 OPERATING LEASES There are no operating leases lo report. 2025 Total 2024 Total 13 CHARITABLE GRANTS PCC funds Collections Asian Students Christian Trust Camberley Youth for Christ Step by Step Surrey Heath Age Concern Wodd Day of Prayer Young Minds Big Brew l Fair Tmde A Rocha UK Marie Curie Farm Africa Royal British Legion Christian Aid lincl. Appeals) Bishop of Guildford BRAAIN Parity for Disability Worfdwide Cancer Research Children's Society Combat Stress Emerge Advocacy 2nd Frimley Scouts Phyllis Tuckwell 16 157 132 169 257 157 132 169 257 252 215 144 165 144 165 489 204 256 228 90 439 103 106 304 165 382 90 659 103 106 304 165 382 220 562 229 161 50 155 2816 220 2615 2835 14 CONTINGENT ASSET In 1964 a piece of land behind Sl Francis was gifted lo the PCC. Due to the restrictive covenant in place al the time, it was not included on the Balance Sheet. Recent research has indicated these covenants may have been lrfled. Once the current position is known the PCC will consider what can be done with the land, al which point a valuation should be possible. Notes to the Financial Statements Page 12 of 13 PAROCHIAL CHURCH COUNCIL OF FRIMLEY NOTES TO THE FINANCIAL STATEMENTS {Continued} for the year ended 31 December2025 Page A13 15 CHURCH WORKERS PENSION FUND (CWPFI The Parish of Frimley PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has two sections.. 1. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has two subseclions,- a. a deferred annuity section known as Pension Builder Classic, and, b. a cash balance section known as Pension Builder 2014. Penslon Bullder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms sel and reviewed by the Church of England Pensions Board from lime to lime. Discretionary incresses may also be added, depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for e8ch member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub4ivision of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible lo attribute the Pension Builder Scheme's assets and liabilities lo specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged lo the SOFA in the year are contributions payable 12025.. £6,143 ., 2024.. £5,205) A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022. For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. Al the most recent annual review effective 1 January 2026, the Board chose to grant a discretionary bonus of 10 /0 to both pensions not yel in payment and pensions in payment in respect of Servi￿ prior to April 1997", and a bonus on pensions in payment in respect of post April 1997 service so that the pension increase was also 100/0 (where usually it would be calculated based on inflation up to an annual cap of 5 % for pensions in payment in respect of service prior to April 2006 and 2.50/. for pensions in payment in respect of service post April 20061. This followed improvements in the funding position over 2025. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments al the current time. The next valuation is being carried out as at 31 December 2025. The legal slru¢lure of the scheme is such that if another employer fails, the Parish of Frimley PCC could become responsible for pawng a share of that employerfs pension liabilities. Notes to the Financial Statements Page 13of13