CASTOR WITH UPTON. STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025
CASTOR WITH UPTON. STIBBINGTON AND WATER NEWTON PAROCHIAL CHURCH COUNCIL CONTENTS Pages Annual Report Independent Examinerfs Report 10 Statement of financial actNities BaLgnce Sheet 12 Note8 to the financial slalements 12-18
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Aim and Purpos8 Castor Parochial Chufch Council IPCCI has the responsibility of cooperating with Ihe Rector and clergy in promoting within the ecclesiastical parish the whole mission of the Church.. pa$loral, evangelistic, social. and ecumenical. Dursng 2025 this responsibility was exercised firstly wrth Fr David Ridgeway as Rector ar. following his relirem8nl, during a period of interregnum. The PCC is also specrftslly responsible for the maintenance of St Kyneburgha Church, Castor.. Sl John Ihe Baptist Church, Upton., St Remigius Church, Water Newton., St John the Baptist Church, Siibbinglon,. as well as the Cedar Cenlre, Church Walk, Castor. Objoctives and Acttvities The PCC is committed lo enabling as many peopl8 as possible to worship at our chLirches and lo feel part of our parish communty. The PCC maintains an overview of worship throughoth the parish and considers h¢)W services can best involve those within the parish and beyond. Our services put faith into practice Ihfough prayer and scripture, music and sacrament. We aim lo enable people lo INe out their faith through.. Worship and prayer, leaming about the Gospel. and developing knowledge and trust in Jesus • The provision of pastoral care Mission and outreach wo During 2025 the PCC met larly. As well as fuwilling it$ statutory rèsponsibilrties. the PCC has played a particularly important role during th& interregnum, ensuring ¢ontinuty in govemance. worship, finance and parish lrfe. Achigvgm8nts and Perfom)ance Following the exceptional year of the 9001h anniversary celebrations in 2024, 2025 has been a year of consolidation, reflection and trans((ion. The legacy of those celebrations continues lo be fert, not only in the funds raised bul also in the strengthened sense of community and engagement wrth the church. By early 2025. approximately £10,000 h8d been raised through the anniversary events, with around £6,000 b8nefitin9 the church directly, alongside additional income from the Flower Festival. One particu18rby joyful legacy has been the growth of the choif, with five children joining folbwing the opefettHomething we are delighted lo see continue. However, the most significant development this year has been the retiT8ment of Fr David Ridgeway at the end ol May. David served the parish for neatly nine years and led us through many important period5. including the pandemic and the 900th anniversary celebrations. His pastor81 care, work wf(h the school, and presence in the community have been deeply valued, and he is grealty missed. We also lost our Curale Shiloh Varughese who transferred lo another parish in September - his sense of humour and enthusiasm. particularfy in running youth events. was very much missed. Int•rregnum and Leadership Since Fr David's retirement at the end of May. the parish has been in a period of interregnum. This has been a signrficanl transition for the whole parish, and the PCC would like to cOrd sincere thanks to all those who have worked so hard lo sustain and grow the lrfe of the church during this time.
CASTOR WITH UPTON. STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Interrognum and Load•rship Icontinugdl In particular, we are very grateful lo those invofved in the recruitment process. This has included a great deal of work behind the scene$ by the churchwardens, mhael Samways and Nadia Stoney, alongside the ruilment gfoup, interview panel, and those contributing to the Parish Profile. The process has Invoed Section 11 meetings, training. preparalion of documentation, and engagement with the Diocese and Patrons. Akhough no appointment has yet been made. Ihis work continues with commiimant and earè. The PCC WQLFld espectally like to thank Jon Ardron. who was asked by Fr Davitj to take on the role of PCC Chaim)an during the vacancy. In the absence ol a Rector, the PCC carries responsibility for governance, finance, buildings, worship planning, safeguarding oversight, and the ongoing mission of the parish. Jon's leadership has been instrumental in ensuring that the PCC ha5 not simply maintained parish lrfe bLrt has moved il loard. As noted in Standing Comrnrttee refteclion, 'we have not just tKked over but pmgressed." A key development has been the re-eslablishmenl of the Standing Committee. meeting on the first Tuesday of every month. These meetings have proved invaluable in enabling more agile decision-making and ensuring that work continues between PCC meetings. The Standing Commttte has alw intoduced clearer slNcture through the creation of four Working groups.. • Finan {Am8nda Millen and Daniel FitzJ'ohn} Income Generation Iled by David Walker) Worship Planning {Sèd by Jo Morris) Rocruitment {led by Nadia Stoney and Michael Samwaysl This stfucture has strengthened governance and improved communication and accountabilty across the pcc. The PCC can be proud ofwhat has achieved dLsring this per". Worship has been maintained in full. despite clergy shortages Attendance has increased in several services, including Chifvjren's Church, 8am Communion and midweek SeiCe$ Financial stability has improved signrftcanlly • Safe9uarding compliance has slrenglhened Governance and communicalK)n within the PCC have developed positively This reflects the commitment, teamwork and generosty of many across the parish. A major achievement this year has been the Strengthening of PCC govemance. This includes.. clearer structure through wortiing groups more effective Standing Committee meetings improved communication and engagement better defined roles and responsibilities
CASTORWITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Interregnum and Le8d¢rshlp l¢ontInu) There is a growing recognition of the need to.. • recruf( new PCC members develop succession planning • elarify roles such as safeguarding, hearth & safety, and facilsties management The APCM is seen as an important opportunity lo ir¢wte new people to get involved. Flnance Finance has remained one of the most signrficanl challenges facing the parish, particularly given the responsibility of maintaining mukiple histortc buildings alongside the Cedar Cenlre. At the start of the year. forecasts indicated a drfficutt financial position. with concems about sustainabilty into 2026. However, through careful management and decisive action, the wjsition has improved considerabty. Key decision5 taken during the year included.. Reducing Parish Share payments to protect reserves Pausing extemal charitable giving temporarily Tightening cost control across all areas Developing a clearer financial structure and TePOrtin9 framtwork The PCC also adopted a revised ReseNes Policy. targeting £50,000 (approximately six months of running costs), to ensure long-lem stability and to provide a Secure position for a new incumbent. By th8 and of tha year. Financial perforrnanee wa5 ahead of expeC10n5 Fundraising exceeded forecasts ReseNes had significantly improved The parish moved from a pos*tion of uncertainty to one of controlled suslainabiltty We are extremely grateful to Amanda Millen and Oaniel Fit4'ohn for their careful oversight of parish finances, and lo Jon Ardron for his strategic leadership in financial planning. Fundraising and Regular Giving Fundraisin9 has continued lo be a vital part of parish life and income. Following the intensity of the 900th anniversary celebrations, 2025 has seen a shfft towards a more sustainable model based on.. Rogular smaller events Shared responsibilty across the parish Better coordination through a fundraising calendar
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Fundral$lng and Regular Glvlng lcontlnued) Chris Murrell has taken on responsibility for coordinating fvndraising, bringing structure and forward planning to parish events. Events have included.. Film nights (including the successful Sound of Music evening) Quiz nights • Coffee momings . Christmas tree sales . Raffles Fete and seasonal events These colleclivety raised significant funds, with some events exceeding expeclalion8. Alongside fundraising, there has teen a strong focus on regular giving.. New giving leaflets I'our Future Togetherfl were produced and distributed QR ¢odes were introduced to make donating easier Giving was promoted al services and events Outreach extend beyond the congfegatKJn into the er village David Walker has led this work wf(h energy and persistence, supported by others including Ollie Southgale. Jo Morris and Jon Ardron. Safeguardlng The PCC is very grateful to Chris Muirell and Anne Perkins for their ¢onlinued dedication to safeguardin9. A great deal of work has tsken place during 2025 to ensure compliance with safeguarding requirements, including training. policy development and implementation of the Parish Safeguardin9 Dashboard. We are pleased that our safeguarding position has improved svJnrficanlly over the year. However, there is still wotk lo be done. particulady in areas such as training completion, data proleclKJn and record keeping. SafegL*arding remains the responsibility of the whole PCC, and we are gralefvl for the ongoing loadership and guKlan¢e provided by Chris and Anne. Worship and Mlnistry Maintaining worship during the interregnum has Tequired signrftsnt effort and ftexibilrty. Jo Morris has led worship planning, working closely with churchwardens, clergy and volunteers lo ensure that service5 continue 8eross the benefice. She has had support and guidance from the Rural Dean Jack Bullen. which we are very grateful fcsr. This has included.. Coordinating visi(ing clergy and retired prsts Supporting lay-led services where necessary Adapting service patterns to reflect ctergy availability Planning for major festivals such as Christmas and Easter
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Worship and Ministry {contSnued) We are very grateful to.. Rev Bill Croft Rev Michael Matthews Rev Ray Hemingray Archdeacon Alison BcKsker The Rural Dean JaGkie Bullen. for their support during this period. DesprÉe the challenges.. Every planned service has been delivef8d Attendance has increased in several areas Communication around services has improved Flexibility across the benefice has strengthened Children's Chur¢h Continues to be a major strength, led by Heben Boulton, with consislenlty slfong attendance and growing engagement. This year we have had eleven funerals, one wedding and seven bopti$ms at St Kyneburga. Water Nthon has had one funeral. Uplon has ha one funeral. St Kyneburgha's Church and Cedar Centre St Kyneburgha's remains at the heart of pafish lrfe. and we are very grateful to the St Kyneburgha Trust for Iheif continued support in maintaining and enhancing the building. The Cedar Centre continues to be an important eommunty facilty, although rt is currentty operating at a financial bss. Work is ongoing to explofe ways of improving its sustainability, mart(eling and use. We are very grateful to Tracey Squire$ for her continued work managing the Centre and lo Julian Burton for his work reviewing i(s future. Upton, Watsr Newton and Stlbbington At Upton, the closure pr¢xess has completed thanks to the hard work of William Baxter land a substantial donation from Milton Estate for essential repairs). Fom)al conlifmalion was received from the Church Commissioners in Ocl¢)ber 2025. in The Churchyard is being kept in good condition by a young local volunteer, Samuel Burton, and we are very grateful for his efforts. At Watèr NeOn and Stibbington, serv¢ces and events continue lo be held, albeit on an ad h¢x basis, and are valued by the local communf(ies. Wg are grateful to all those who help maintsin the life of these hurches.
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Flnancl41 revlew Total receipts on unreslricted funds were £121,701 of which £63.613 {including Gift Aid) was unrestricted voluntary donations. We are very grateful to everyone who donated and to everyone who continues lo donate lo our churches and to thosè who have signed up to the Parish Giving Scheme this year. Fundraising and other trading aclivilies bought in £32,303 in 2025. A huge thank you lo all those involved in the fundraising events throughout the year as these events and fundraising initiatives make a real drflerence to our income levels and without those who work tirelessly lo deliver, them they would r1 happen. We have reignited our Stewardship campaign this year with the hope of boosting our funds through giving and this is Something David Walker will continue lo work on next year. Costs for the year from unrestricted funds included £75,117 Ispenl to provide the Christian ministry from the hurches of the parish including the contribution to the diocesan parish share and largely provides the stipends and housing for the Rectorl, £7,421 If4Jndraising costs), £6fK) charitable giving and £22.098 on various other expenses. The net resu for the year was an eXsS of income over expenses of £16,465 on unrestricted funds. This profrt was due in large to not making the Parish Share payment in full (underpayment of approx. £14kl. It was agreed that towards the end of 2025 we would review the finances and look al whether rt would be Possible lo pay the Parish Share in full for 2025. We agreed to pay as much as we could without dipping into our reserves as Ihese are still below the requisite level to fulfil our ReseNes Policy. As aNvays the Finance Committee have rpviewed the budget. taken steps to redu costs where we can and will continue to monrtor the situation as we go foNRrd in 2026. Towards the end of 2026 we will review the finan and look at whether it will be pjssible lo pay the Parish Share in full in 2026. Reserves pollcy During the year the Policy was reviewed in light of our over-reliance on substsntial fund-raising events land the substsnti81 risks this raised. The PCC adopted the new Reserves Policy, targeting £50,000 (approximately six months of running cost$ and a £5k conlingencyl. Pamchial fves The locally levied fees were reviewed in November. Parochial fees are the fees forweddings and funerals. Ono sel of fees is sel nationally, and one set are local fees for facilrties we offer lo enhance the services we provide, such as organists bells and choir. We review them annualty.
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Parochial fees (Continuèd) The local fees are reviewed and figure$ a as follcpws". The PCC decided lo sel the fees as follows (only one ehange).. Weddin s and Funerals The Cedar Centre wedding fee$ would rna1n at £45 The choir fee would remain al £120 The bell ringing fee for weddings would remain £275 The bell ringing fee for funerals was increased to £220 from £210 The bell ringing fee at Water Newton would remain at £120 The organist's fee would remain £140 The vergers fee would remain al £70 Cedar Centre The current booking fee is £15 peT houf for local bookings and £18 for local business. oUtse b(x)kings are £21 per hour It was agfeed lo wait until the Village Hall Committee had finished their discussions as historically the sets of fees had been aligned. Mls$lon and Communbty We continue lo be proud of our work with children and families, and of our wder engagement with the communty. Links with Castor School remain strong, and our ministry at Castor Lodge Care Home continues. We also continue to support local charities and community iniiiatives. reflecting our commf(ment to serving those around us. Voluntsers The PCC would like to thank all volunteers who contribute to the l¢fe of the parish. This includes ehurchwafdens, elergy. treasurer, secretary, safeguarding offKefS, children's leaders. musicians, bell ringers, fundraisers. and all those who serve in many drffenl ways. This ha$ been a year where many have taken on additional responsibilities, and we are deeply grateful for this. El8ctoral Roll The numbers on the electoral roll are 135 8$ of April 12th 2026.
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (CONTINUED) Adminigtratlve inforniatlon Castor Parish is part of the DKJcese of Pelefborough within the Church of England. The correSporence address is Benefice Office, The Cedar Cenlre, Church Walk, Castor, PE5 7AX. The PCC is a body corporate {PCC Powers Measure 1956, Church Representation Rules 20061 and a charty currently excepted from registration with Ihe Charty Commission. Conclusion 2025 has been a year of transition, challenge and resilience. Despite the uncertainties of interregnum, the partsh has remained Strong, worship has continued, finances have stabilised, and the eommunity has continued lo flourish. We give thanks for all that has been achieved and look fowdrd with hope to the appointment of a new Rector. PCC Members 2025 PCC members who have seNed at any lime since the last Annual Meeting are." Clergy." David Ridgeway Shiloh VaTughese Ex-officio Members Children's Church.. Helen BOUon Churehwardens mhael Samways Nadia Stoney Istgpped down April 2026) DepLrty Wardens Slibbinglon.. Charlotte Bradshaw Water Newton.. Vacant Upton.. Claire Hafris lunlil cbsLTrre of Uplon church in November 20251 Upton.. Lynne Bell {until Closure of Upton church in November 20251 Deanery SynoJ Representatwes Anne Perkins Chris mur11 Jon Ardron
CASTOR WITH UPTON. STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUKIL ANNUAL REPORT (coimNUED) Elethd Membgrn {byyo) Dw for rTr•l?n 2026.. St•v• Gry4 DAn1 Frf4ohn Jo Morri• ESM•bèth B JulKqn 8urtCA) Wilkn 8•thr J•y Winfr Wak•r Suo Edwards Karnn Baw Isecrètsry) knn0 Miln (fre•Buror) Approval *nd 3lgn4MY proved by PCC on: Sign•d." Chak.
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF CASTOR WITH UPTON, STIBBINGTON AND WATER NEWTON PAROCHIAL CHURCH COUNCIL I report on the financial statemants of th8 PCC for th8 y8ar ended 31 Dacgmb•r 2025, which aro set out on pages 10t0 18. Respective r8sponsibilites of Members and Examiner As membeTS of the PCC you are responsible for the preparation of the financial st*ements. The members consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. 11 is my respon$ibilrty lo.. Examine the accounts under section 145 of the 2011 Act., To follow the procedures laid down in the General Directions given by the Charty Commissioners (under section 145151{bl of the 2011 Act)., and To state whether any particular matters have come to my attentKJn. Independent examinerfs stat8mgnt In Connection wlh my examination, no matter has come lo my attention.. which gives me reasonable cause to believe that any in any material respect the requirements. - lo keep accountin9 records in accordance wrth section 130 of the 2011 Act., and lo prepare accounts which accord with the accounting records and compty with the accounting requirements of the 2011 Act have not been mel.. or lo which, in my opinion. attention should be drawn in order to gnable 8 proper understanding of the acwunls to be reached. K Hilliard ACA FCCA CTA Chartered Accountant For and on behalf of Price Bailey LLP 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR 11 io
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrgstrictod Funds Restricted Total Funds Total Fund$ Funds 2025 2024 Notos Income from: Donations and Legac¢es Other trading activities Income from investments Income from charitable activities Income from church actwities 63.613 32,303 1,262 7.456 17,067 48,424 112,037 32,303 1.262 7,456 17,(E7 92,753 39,151 1,581 6,559 22,851 Total Income 121,701 48,424 170,125 162,895 Expenditure on: Church activities Fundraising costs 97,815 7,421 51,889 149.704 7,421 143,152 19.700 Total Expendlture 105,236 51,889 157.12S 162,852 Net Income before Transfor5 16,465 {3,465) 13,OC 43 Transfer betsveen funds 777 1777) Net Movement in Funds 17,242 14,242} 13,000 43 Total Funds brought forward 100,279 225.712 325,991 325,948 Total Funds Carrfed Forward 117,521 221,470 338.991 325,991 The stslement of Financial Activrties includes all gains arsd losses in the year. All income and exp8ndiluTe derive from continuing actNi(ies. li
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2025 No¢•• 202S 2024 Flx•d aM•ts Tangbb asssts 288,¥27 288,827 CurRni aMets Debtors Cash at bank and in hand 3.170 4.820 58 233 $9,420 63,053 Curront UabllllS8 Cr•ditors". Amounts tsying due in one 9,256 25 889 N•t curr•nt a•••t• 80.164 37.164 338.991 326.991 Parf•h Fund• Unresificted lund¥ Reslrlel8d ltsThJ8 10 10 117.521 ICQ,279 338.991 325,991 TLal Funds Appro¥pd by PCC and skJned on its behaf ty. Amanda Mllhn Tfftè5uwr Jon Ardron Ch*r Date. /i1s1201 b 121512026 12
CASTORWITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 1. ACCOUNTING POLICIES The f1nancial statements have been prepared in accordance wi(h Accounting and Reporting by Charities." Slalemenl of Recommended Practice applicable to charf(ies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} issued in Octobar 2019. the Church Accounting Regubation5 2006 arKI UK Generally Accepted Practice. The financial statements have been prepared to give a 'true and fair, view and have departed from the Church Accounting Regulations 2006 only to the exient required to provide a 'true and fair view. This departure has involved following the Accounting and Reporting by Charf(ies.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordants wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} issued in 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 Apfil 2005 which has sinee been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention. The financial stslements include all transactions, assets and liabilities for which the PCC is responsible in18w. They do not include the accounts of Church groups that ¢)we their main affiliation lo another body, nof those that are infomial gatherings of church members. Upton, Stibbington and Wat•r N•wton PCC In 2009 Uplon Church joined wffh Castor Church and in 2015 Stibbington Church and Water NevAon Church joined. The financial stslemenls indude all transactions relabng lo these churches sirice the dale of the mergers. 1.1 Funds Restricted funds represent lal Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and Ibl donations or grants received for a specific object or invited by the PCC for a specrfic object. The funds may only be expended on the specifie object for which they were given. Any baLance remaining unspent at the end of each year must be carried forward as a balance on that lund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest 1$ apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be Ltsed for PCC ordinary purpo$e¥. 1.2 Income Planned giving, collections and don*ions are recognised when received. Tax refunds are recongnised when the inwming resource to which they rel8te is recelved. Grants and legacies are accounted for when the PCC is legally enlitÈd lo the amounts due. All other income is recongised when rt 1$ receivable. All incoming resources are accounted for gross. 13
CASTORWITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2025 1. PRINCIPAL ACCOUNTING POLICIES ICONTINUEDI 1.3 Expendituro Grants and donatnS are accounted for when pavj over, or when awarded, rf that award creates a binding or conslruclive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure18 generalty recognised when it is incurred and is accounted for grosg. 1A Fixed Assets Fixed assets are slated al cost. The costs of minor additions or those costing below £1,000 are not capitalised. No depreciation is provKled on land and buildings as the residual value exceeds cost and any depreCIatn charge 18 deemed immaterial. 2. INCOME Unrn8trl¢t8d Funds Restrfcted Funds Total 2025 Total 2024 2.1 Donations and Legacies Collections Oonations Grants 11,498 48,108 4,007 63,613 11,498 55,608 44,931 112.037 12,795 73,969 5,989 92,753 7,5¢JO 40,924 48,424 2.2 Other Tradlng Activitios Events- Summer 31,718 10 575 32,303 31.718 10 575 32.303 38,483 10 658 39,151 Magazine $ale$ and advertising Sales of candles and postcards 2.3 Income from Investments Bank Interest Received 1,262 1,262 1,581 2.4 Income From Charitable Activities Cedar Centre 7,456 7,456 6,559 2.5 Income from Church Actlvltles Wedding and fun8ral Bells, organ and choir 9,803 7,264 17,C67 9.803 7,264 17,067 13.236 9,615 22.851 14
CASTOR WITH UPTON, STIBBINGTON AND WATER NEWTON PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2025 3. EXPENDITURE Unreslrlcted Funds RestTl¢tod Funds Total 2025 Total 2024 3.1 Church Actlvities Charitable Giving.. Light Project Peterborough Nene Valley Care Trust Nakuru Childien's Projed 100 300 300 600 300 300 600 600 600 1,300 Christian ministry.. Diocesan Parish share Church running and maintenance Reetoffs expenses Sacristy and vestments Churchyard expenses Music expenses Parish admin costs Mi$cellaneoLts 36,000 15,835 1,882 3,545 2,945 402 14,133 375 75,117 36.000 67,630 1,882 3.545 2,945 402 14,133 375 126,912 59,016 23,220 4.412 4,478 5,227 433 13.764 4,571 115.121 51,795 51,795 other. Diocese fees Cedar Centre expenses School expenses Bells. organ and choir *xpen$es Youth work Youth club Accountancy GuKJebooks 3,974 8,622 372 7,264 3,974 8.622 372 6,111 7,830 548 9.643 500 1.866 255 26.731 22,098 22,192 97.815 51,889 149,704 143,152 3.2 Fundralsing Actlvltles Event Expenses 7,421 7,421 19.700 4. STAFF COSTS AND NUMBERS No staff are employed by the PCC. 15
CASTOR WITH UPTON, STIBBINGTON AND WATER NEWTON PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2025 5. PAYMENTS TO PCC MEMBERS During the year payments were made lo Jo Morris and Amanda Millen, PCC members, as remuneration for their roles. Reimbursement of PCC expenses were also made to these members. 6. TANGIBLE FIXED ASSETS Land and Buildings Cost Al 1 January 2025 288,827 Al 31 December 2025 288,827 Accumulated depreciation Al 1 January2025 Charge for the year At 31 December 2025 Net book value At 31 Dècombgr 2025 288,827 At 1 January 2025 288,827 7. DEBTORS 2025 2024 Tax recoverablo Other debtors and prepayments 2,472 2,899 1,921 4,820 3,170 8. CREDITORS 2025 2024 Other creditors and xcruals 9,256 25,889 16
CASTOR WITH UPTON, STIBBINGTON AND WATER NEWTON PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2025 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total Tangibte fixed assets Current assets Current liabilities 76,123 49,877 19,2561 212,704 9,543 288,827 59,420 (9,2561 Net assets at 31 December 2025 116,744 222.247 338,991 10. FUNDS 1 January 2025 Incoming Transforsl 31 Docember Resou85 Expgnditure 2025 Restricted funds Cedar Centre Goodyer Grave Youth Worker Youth Club Special Projects Slibbinglon Church Restoration Books Project Water Newton Uplon Church 212.704 226 3,305 240 112 2.430 1,399 3,620 1,676 212,704 226 3,305 146 112 1,902 1,399 1941 1528) {3,6201 {48,4241 48.424 1,676 Total Restricted Fund$ 225,712 48,424 52,666 221.470 Unrestrieted funds General funds Major repairs fund 84,279 16.000 121.701 1104,4591 101,521 16.000 Totsl unrestricted funds 100,279 121,701 104.459 117,521 Purpose of restrlctsd funds Cedar Centre.. This is a fun¢J lo maintain and furtheT develop the Cedar Centre lo support the work of the Council. Goodyer Grave". This fund is for the maintenance of graves. Youth WorkeT'. This fund is lo cover any youth worker costs incurred. 17
CASTOR WITH UPTON, STIBBINGTON AND WATER NEwfoN PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2025 10. MOVEMENT IN FUNDS (contlnuedl Books Project.. During 2018 a donation was receNed from the the publishers of 'The Five Pari$he$' and li wa$ requested that the fund be used by the church on its own publication3. Stibbington Church Restoration.. During 2016, £3,000 was received from the Headley Trust t¢)wards the wsls of restoration works lo be undertaken at Stibbington Church. A further £2,000 was received in 2022. Water Newton.. A fund to just be used for Water NevAon Church from a Water Non VAT reclaim in 2022. Upton Church.. A fund for the repair of the ehureh roof. 18