The Parochial Church Council of the Ecclesiastical Parish of Malmesbury with Westport and Brokenborough Annual Report & Financial Statements for the year ended 31st December 2025 The PCC L* Malmesbury & Brokenbwh-Annual Rep￿t& Fmanoal StstÈrnents 21r25 Contents LEGALAND ADMINISTRATNE INFORMArnN................................ .................................................................. TRUSTEE5 REPORT........................................................................................................................................... srRUCTURI GOVERNANCE AP4D MAl￿GEME￿r......................................................................................... Recruitmentind Ir￿uct￿?fi ofTn￿.............._.................................................................................... Responsibilities of the Parothial alurch Courrtai Tntsteesl................................................................ Public benèfft........................................................................................................................................... Strudure 0￿ratirE proothxs......................._............................................................................... Prlncip81 risks and wKertsjnties............................-...................................................................,............. ReserbES Policy........................................................................................................................................ OBJEcfivESAND ACtWfflES.......................-............................................................................................... Objethives of ow Parish Mirlstry.............................................................................................................. FINANaALREVIEW..................................................................................................................................... PLANS FOR THE FUTURE.............................................................................................................................. INDEPENDENf EXAMINEVLS REPORTTOTHETRUStEES OFTHE PCC ............................................................ FINANcIALSTA7EmEN￿ 2025.................................................................................................................... NOTES TOTHE FIt4ANCIALSTATEMENT&....................................................................................................Ii The PCC of Malmesbury& BrokenbDr•-AnYwal Repxt& Fmanrial Statoments 2025 LEGAL AND ADMINISTrATIVE INF(PP.MATION The Eccle5iaStical P•r15h of Malmesburywith Westpcrt and Brokenboro￿I is in the upperA¥(￿ BeneficÈ of the Diotese of Brtstol within thè Churth of England. It 15 maiiaged by tl* Parothial Church Council, which is a body corporate IPCC Power5 Measure 1956, Churth Repre5entatr+n Rule5 20111 and is a Charity registÈred with the Charity Commission. Members of the PCCarÈ trusteesof the Chm. There are￿0 Ihurches within the Parish". the Ab￿¥Ch￿rth of St Peter & St Paul. Gloucestersw btslmè5buryaThd Stjohn the Baptis( Brokenborou8h. Registered Charity Nwnber. 1146631 Registered Address & Parish (Jrre: The Old 5quath CourL Iblloway. Malrnethry, SN16 9 Telephone: 01666 826666 WÈbsite." wwM.malme*uryabbey.com TrLtstees and Membwsof the Par(&*ial Churth Council duiinK the year. 2025 Ex Offiao MernbeTs IrKar (PCC Chair) Curate (￿rtIA￿9￿rt2O25J The R￿rt Debgrah kott.kn*ley Awtiate MThiister funtr7AprH 2025) Churth Wardens Llnda Weston rwitrl May2025J Prtswarden for Brokenl)Drough Mark Odlwn Di0￿san Syn(NJ Member Deanery Synod Membèr John Sundetland Diana tYArcy Sarah Fuchs Elerted Members PCC Secretsry Co.PCC Secretary Catherine C lJrKe Marion Ffyde Neil Medland Chri￿l￿e Moore Mark wI￿t John Wakefield Ric￿rd Venn Treas CtrTreasurer c￿0￿ed li￿8￿￿1 expertise) Qfficers: Not ￿ PCC Safegua￿1￿￿ Offi￿r Independert Eyanmer. Rachel Hilltop Ar(wnti￿ thl. Cott48e Church Lane. Ufton Nervèl Readin& RG74FXI HSBC, 2The Projnenade. Cheltenham,GFouceknhire. GL50 ILR CCL4: One AngÈl Lane. London. ECAR 3AB ank•￿. The PCC of Malmesbury& BrokeTrlww-Annual Repxt& ￿nan(la1 Stst•nents 2025 TRusfEES REpoKr Recmitmax and Indud¥)nptTn MostTrusteeslmemkn ofthe PCCI ¥e eilherexoffiao trareelected bythÈAnnual Partrthial Churth Meeting IAPCMI in accordance thè goNErning douJmeTrt {Chwth Represththoft Ru1È5). OthÈr5 are c(wted for spyific purpJse& The APCM and elections of PCC M4nbe￿IQ0k place on Sunday 18 May 2025. New Trustee5 re￿[Ye an induction on thèir roleand responsibilitiesfrc4n tr*SecfÈlAryof the Pccaftd shO￿d read any relevant docurnents andguideline4 in addition to a genèral indurtion from the Meetire Chairdurirvd the first meeting of the Year fdlowing eathAPCM. Themembwsofthe Pccareolettedfora tem) offr)fTrEof up to three years. Tho incuMb￿t acts as Ch¥ir ofthe PCC ResponslbiWtle50f the Pam¢hial awyth GJUKI (TheTn*ee5) TheTnFSteesare responsible for prepaTrE theTrUst￿, Rèp)rt and t￿financial ststemènts in accordan￿ with applrcable law and United KingdLXn Accountir¢ Standants {UnTrted Kingdom Generalty Ac£epted Accounting Practits). ￿- law applitsble to charities in England & Wales requires the Tmstees to prepare financial staternents foreath fir￿￿al yearwhith gi￿ a trtse a•NI fairview ofthe state ofaffav5 olthe tharityand of the incomirE resour￿$ and applicati￿ of resou￿ of the thartty for that r)eriod. In preparin8 these financial ststementy the Tru5t&5 are required to: select5UitaNe acctyjntirg Fdicies and then apwly them con9Stentfy; observe thè methods and principles in thè Charities SORP." makeiudgernents and estwnate5 that are reasonable and pNden¢ state w*thr applirable &counting stand¥ds h￿e been folknwed. subiÈct ts any material departure5 1*sth5ed and ext4ained in thefinarri4 Ststem￿. prepare the financial stateme4ts on tho goi￿ o)n¢ern basis wiless it is inappropriate to presume that the charitywill continue in operation. The Trustees arÈ resp￿ble for k*pirE accounti￿ recLY9Js that disdose with rpasgnable ac¢J• acyatany time the financiat poslth'on of the cthwity and enabje them to ertwre that the financial Statements ccynply with the Charities Act 201L the Charity lAC￿nts and Reports) Rwlations 2(M)8 and the ParcKhlal Cl￿rth Counci15 Power51 Measw- 1956 as amended. They are a150 rewrtsible for *fegu?rding the acJets of the rharity and hencefortskingreasonable 5tepsforthèprevenlion anddetection offraud and other irregularitie& ThÈTrustees oversee and 5UPPOrt the Ministry Team. the staff and the memb￿5 of Malmesbury AJ)bey and St John the Baptist. Brokenbtspough. in their various areas of ministy. The da-, today running of the parish is Man￿e￿ bv thè Churth Wardens and Ministry Team, togethèr wtth t￿￿1 employed Offi￿ administrators. The Trustees are resptsnsible forensuriTra that a rewesentkne I￿Naltythe (hairl re[￿rtS back tothe Churth members annua t the APCM along wtth D￿r MIn￿ty leaikn This M￿NIg *0 thdudes the election of new Trn5tee$ and is open to all to attend. but onty those naned on the Etecloral Roll or livire in the Parish may vote in this matter. A detailed report of ministry aclivTties fc¥ the previous months 15 made avaHable at this meeting. along with copies otthe Annval Report and Finanual Statemen Public benefft The TTUStees hw12 cL￿PIed with their duty to ha4* due reganl to thÈ guidance on pubk benefft published by the Charity Commission in exeruS1￿ thÈtr powers and d￿le& Exam￿e5 of this pubfic benefft can bè found in the other parts of this Report. The Chaiitycortstitute5 a public benefft entity as defined ty FR5 101 The PCC of Malmesbury& WenFrtwh-Annual Rem& FThnaal Statements 2￿5 StN&%ureand opernting procedurtg TheTrusteÈs met&x timesduring 2￿5. plusoperational 5tsndingCommitlee meetirE& During these m*tin8S, the TrusteÈs discussed and prayed at(1￿ a vhde wiety of matters inckjding vision, govemance. policies. buildings and infr?slTU¢tyre. as as receivuw regular rèports on financi21 performa￿ and stsffin& Key strateglctopics cc4)sidered bYthefn￿teeS dwir¥the starwere: Appro¥al of2024 Annual Ammts t￿￿et￿tt￿% for)Y25 and 2026 Safeguarding and He41th & Sakty thildren and Youth acbwhes Reviewof thanges to Ser￿ timings and fomiats Ablw building plan5- Next W￿yearS stafft￿ nee¢Ss Co¥Kes ofthe minute5 ofthese rneetingsare keptby thesecretsryto the PCC and may be read by any mèmbors of the Elertoral Roll upon requesL The Tnth de￿ate %)me matters to Comrnittee4 which meet betw￿￿ the full meeting5 ofthÈ PCQ In 2025, there was one PCC sulFcomrnitt&.' ttEStandirg Committee. The rde ofthe Staniting Committee is to conduct urgent bU￿e&S between PCC Meeti￿ and to 04V5ee the remvneration ofpaid staff. There is also a Safeguarding team which oversees safeguaTdir¥ matLYs *KI reports any iwe5 ts the PCC In ad£frtioTr. the parish ha5 a Ministry Team, comprising Clergy ￿Sed Lay Minister% Church Wardens 4nd others with responsibilities within the chwch. who thè PCC tr• administèr the parish on a dtyt￿ay basis. The Ministry Te4rn shared two Away Days to ewore the vtr￿0n of MalmEsbLry Abbèy and to revièw the reont Changes to the structurÈ and knings of Ch￿ seThi P￿n￿￿1 rfik$andU￿ertatsthS The PCC is exposed to risk5 assrKiated wtth finance. safe8uWdi￿, legislati￿ tcrfnpjiance, buildings and infrastriKture. and pastoral ovwgght Eath area has been reviewed by the Tnths during the year and plans put in piace trt map4e the risks. Themajorityof owincL*necOn￿fr{yfv regul4Tf￿ancIal donations fr(wn membersofthe congregation. The annual I￿￿getfor202S wa5 aPprO￿d ty tl* PCC on 18hnuary2025. Perforniano against budget is reviewad at each meeti1￿ of tr* PQ and between meetHigs b¥ the Treasurer and Standing Committe& The PCC hasaSaf4uonling Policyand th$Tru5tees appoin2 a Safeguardire Ot￿r who 4rt asthe focal point for C0￿m& AJI kty siaff and volunteers working with chtldren aThJ wlnerable adults are recruited v&ngSafer RetJuiknentpriThipb and *ethe¢*edMth the ￿knSure BarrI￿seNCe. Uergy recÈive re8ular safeguardi￿ trainirE L￿r014￿￿ tbe DI0￿Se of &I5￿P and other staff. vofunteers and Trustees also undertake the required Di(Kesan SafeguaNfire trairdng. The Trustees receiye an annual re￿rt on Safeguarding and rern¥the SèfeguarfAng Pokcy. The Trustees have complied the duty under *ction 5 of the Safeguardiru and aergy Disopline Mea5£tre 2016 (duty to haye regard to the House of Bishgp< guidan￿ on safeguardirE chkn vuFnerable adults). Our bulk11￿$ are insured aryd maintai￿d rotsJr larlytoènsure tk.attheyare safe fftfor PUTpose. KAY ImprovernÈnts in 2025 have included: generdl rn•ntenan￿ due to wear and tear and age. induding addrÈssin8 health & safetyi&sue& Pastoral care iswoNided bydergy and laymanber5 rfthethurctL Volunteersare carefulyselected for key rolessuth a5 pra￿rmin[5try orleadi￿ 5mallgrou￿TTa1￿Ing is provldedforthÈse volurteers and they Hre supported and acroLintsble to serfjor d￿. The PCC of MaFmesbury& Wenboroi¥h-Annual Rem & Fbwn(ial Statements 21525 Ft is thè poliq of the PCC to keep 3 months of reserves in the General Fund to cover the Costs of rnnnin8 thè Parish. Based on the 2025 Èxpenditure for the General Fund. exdudinB arml other non-cash item5, 3 m¢nths of expEnse5 amLvJnt to £66k The b4laYe on General Fund 15 £246k. Total ¢ash re50ur£es ￿lIable to the Parish arno￿ted to E14L Additionatty. therè 15 an actÈssible CCLA Invesknent amount of £225k In the opinion of the PCC. this probides adequate cover for the Resrn Pc*cy and enables t1￿ actounts to be prepared on a going-con￿rn ba What15 ourVi&on: The primaryobiect of the PCC i5 the wlynotion of thegospel of our Lordkyjs Chri Them We aim to emphasise fve themes in thè waythat we aThl eypres5 our faith together-WHEAT. WORSHIP ènd weknme HOSPffALtTY and hÈaling EDU￿TION aThl wdlEe￿yn RTS and creati TOWN and touri& obJ￿tIVeS0Iour Parfsh Min15try The uses of ttRfinarKial resour￿ of the puish arete#ed ¥eainst tru5Nlsion. Fm a finanaaJ point of view. the PCC provides fundire for ￿aces0fworSh1p minFstry and missim, and spacès forthe usè gfthe ccrnunity and outreach. In addition to the tsvo thurthes. the PCC iSrew￿b1e forth? rnaintersa￿e 8nd upkeep ofthe Parish off￿e. Holloway, Malmesbury and Eilmer House. 7-9 Gk￿cester StreeL Malme5bury. The PCC ahns ts distribute a prOF¥)rtI￿ all vnde¥nated in¢ome. indUd.￿ all ¥ol￿ntsry glving and gift èid and lettingincomefrom MalmesburyAbbeyand Eilmer HOUSÈ. to approwiatedwttable purtw)se& t)uring 2025, the PCC supported a number of kKal and intemalvJnal tharitre4 as wal a5 oNprseas rnission xtiiitie rtivlties In addition to the regular thurch Ser41￿ Malmesbury Ajbey ergages wtth the pvbjic throu8h numerous activttses and e¥ents and welcomes tOWi5ts throughout the year. The Vlcar and Curate are suppc¥ted in theirrniii51ry by a te•m of licensed Lay Ministers, retired dèrgy aFKI lay people. Thè Abbey employs various people. induthng the Youth Mt5si¢)n Enabber for Wltshire Mission Area, organist. two parish administrators. a Litue Stars Coordi4ator and housekeeping and de4ning staff. Much ofthe daY-t￿daY running L*the parish issupported tyunpald b•)luntsèr4 indui*ng members of the PCC stewards. choirmen]bersand mary other& Generous suppth contrywes to be recÈivedfrom the Friends of Makne5buryAblw (FOMA). ThÈre are regukr jointservices and athibes heid with ChurdRs Together in Malmesbury Icfiml Chilthen's and FamiliesW( The Liwe Stars toddler group continuès to meeteach Monday mtirntrtg during tem time. Lifepath foryear 5 thildren acrw many Morth wlltsh￿e ￿1￿)01$ takes pla￿ in June eath year. The ￿CenSed Lay Ministsr for Chddren and has rominued ts part&ipats Fn sthswl assemi4ies The Youth ￿sSIOn Enabler has continued the outreath amon8 young pÈople through le4ding Christlan Union meetings and tsrganisirE regular S￿la1 ev￿ as ￿￿11 as attending the Swee Camp in July and running Youth Alpha rneetirt8& The PCC of Maknesbury& Br0kenboro￿-AnrA￿I Rep¢￿t& FThncial Ststernents 2025 Fundr45irEktsvtttes The PCC encournges mèmbers to SuP￿rt thurth by regular giv[￿ wefprabty monthty using thè Parish Gi￿1n6 Scheme. TeathiTrd on the gjbprt of giNing is delivered 5en5ih¥ely. to en51we that no one feels under pressure to give. or to Eivè more than theY￿n afftyd. Mèjmesbury Abbey is used for numerou5 ￿nts scwne of which pro¥ide leming inccthè to the PCC VariLNJS grantswere also [￿1Ved thrlng the star. The Pccdoes not use rAofessFonal fundraiser5 or involvecommercial participatots and no cornplaints ￿re Tecei¥ed aboutfUntr￿s1ng duringtheyear. Inctmne during 2025 was £349k [2024: £343kL of whith £81k12024: £84kl wa% re￿r￿Ed for restricted purp¢)ses. Expenditure was £361k12024.' £340kl. ofwhKh [2024: £SAJ was spent from iestricted fund& Losses on Investrnents were £9k [2024: Gain of £4kl.This regjtted in an 0￿1 thfiatof £21k [2024: £6k surplus]. The main reasons for the defKit were CCLA Inbwment fijnd losses and expendrture from restricted funds, Incl￿11￿ bunding repairs and °Next Yetr project cost& See io for more detals on Restricted Fund movements. The windpal sources of fundiry awe the s•liT￿ gr¥1￿ ofthe corqregati(KL together with ￿sitOr donatlon4 weddlng and funeral fees ffi*nt and 9)me external grart Expenditure 15 ts￿eted at athievirE the key obkclive5 of Matmesbury Abbey and St John the BaptiSL Brokenborough. Thè Parish Share wntributron in 2025was£y12024: Pl. The Pccernploysa NWMA Youth Mission Enabler. an organist, dea￿[￿ staff. two part-time offio administrators arKI a Little Stsrs coordinator. The PCCconsidÈrsthatthÈ oJrrentst4ffir¥ leb*tsare appr0￿f0ran organtsatM7n of thi5 Size and ¢tynptew. Svpportire 05wheads￿e keptto a reaS￿ble minim￿n. At each meetin& the PCC recei¥e5 a fiTranc1￿ report aThl COTtsrders financial W￿l10n of the church. We are thankful forGorts hithfut and abundantpr0V￿10n forow ￿lI￿oUg￿UttheYear. Malrnesbury Abbey Café Ltd. our owned tralng sub&dlary. contirwes to 5UPPL*t the Abbpvs hospttalFty outreach. Turno*rfgr the starto 31 M￿)2025 was £7 yI2024: £Zk). It had capitsl and reser4Es of£yk at31 M 12024: £8Tr). prodiKing a wofft of 12024.. £yI The bookthop F5 a sèparate legal erltity, vthich has a IKents to operatè in the AbbÈyand makes a monthly contributlon to running expenses. PLANS FOR THE F(rtURE The PCC plans to devel(y its C￿re￿ *t17￿￿e$ aswe seek to buim Gorts thurth and Èstablish his kir0dc￿ here In Malrnesbury. Encourage and empower thurth members to Continue ow rw ser¥Ke pa in faith and go deeperin Ourrelat￿nshlP with God. servi￿. Ud1￿ worship r young familie5 and an informal evenir Physicalrestoration and Èntof theAtthy. to ourfrfeand MIn￿tryftsrthEneXthUndred e Trustees on 14 March 2026 Signed on thèTrustees Thè PCC of Malmesbury & Wenw-knual Rewt& Fu*Mial Statemerts 2025 INDEPENDEKf EXAmINv￿ REPORT TO TrE Th￿EEs THE PCC OF The Par￿1 of MALMESBiRY with WESTPORT & 8ROKENBOROUGH I report on the accounts of The Parish of Malrne5bury with Westport & Brokenborough for the year ended 31 De￿rnber 2025, which are set out on pages 9 to l& The r￿arI￿S trustee5 are responsible for the preparation of the accounts. The charitls trLFStees consider that an audit is not required under section 14412) of the Charities Att 2011 lthe 2011 Act) and thatan independent examination Is needed. The tharit*s gross income exceeded £250.000 and I am qualified to undertake the examirh*ion ty bel￿ a qualif￿d member of the ICAEW. It Is my responsibiltty to." Examinethe a¢￿Unts under section 145 of the 2011 A¢" Follow the pro￿dureS laid down in the General Directions 8iven bythe Charity Commission under section 145{51(b) of the 2011 Act" and State W￿er particwlar Matt￿ have corne to my attention. Bags of the indepernlenteKanM*s report erdmination was orried out in aCC{wdan￿ with the General Directions given by the Charity Commission and to ￿ found in Church Guidan￿. 2006 edrtion. issued by the Finan￿ DIMsion of the Archbishops, Council. An examinatFon includesa review of the acr(￿ntirE records kept bythe Pccand comparison of the accounts wtth those record%. It a150 indude5 consideration of any unusual items or disd05ures in the accounts and seeking explanations from yw as trustee5 con￿rnIng any such rnatt>rs. The procedures undertsken do not provide al! the eviden￿ that would be required In an audit and, consequently. no opinion is given as to whetherthe accounts p￿Senta knje and falrview. and the report Is limited to those matteT5 set out in th.e statement bAIow. Independent examlnerfs sl*emert In connection wlth my examination, no matter ha5 come to my attention: whith gives me reasonable causeto believe that in any material respe¢ the requirements: to keep accounting re¢ord5 in accordan￿ with section 130 of the 2011 Act, and to prepare accounts whith accord with the aCcountir￿ records and £omply with the accounting ￿qUirements of the 2011 A¢ have not been mit or 2 to which. in my opinion, attention SP￿Uld be drawn in wlerto enable a proper understanding of the acCoUr￿ to be reathed. Date...l.% k A p.yil Lu Ra¢hel Belshaw HilltopAw)unting Ltd, Hill Cotta8e, thurth Lane. Llfton ReadiThL RG74HQ DISCLOSURE The ChèiitySORP requires thattharitr5 mllst proyide an S Germral 2%576 DeSt￿ted 246 256576 131.6&J 388,236 TOTAL FUNDS 366,979 dbv Parothial ch￿￿h on 14 Marth arrfl sEned on its behalf ty." hèRe (Vicar & ristine FCA (freasurer) The Pccof Maknesbury & 8r0kenb0r￿-knrU￿1 Re￿& Fknanrialststemerrts 2025 NOTESTOTHE FINANCIAL STATEMEiirs l. Poklts The PCC is a puL4r benefrt entity *ithiTr the The&r￿n8 of FPS102. Thè financi￿ Statements h￿e been prepared under the Charities Art 2011 and in accordarKe with awrth Accounting Ilegvktions 2fJ)6 goveming the individual accounts of pc￿ and knryth the Regulati(¥¢ *ue and fair W proNisions and they have been prepared ￿ aCcryda￿e with the CharitiesStatem*rt of Re£ommended Practite IFRS102). The financial xatements ha￿ been prepatEd urKler the accn*ls accounlTre convention. The financi 5tatemerts indude all trans*Jions assets end hbliiies forwhith the PCC is Te¥Yinsible in law. At the time of app￿ng the atmunty the Pccand tntstees havea reasonable expectatlon that the d￿rity has adequate resour￿ to continue in operational ￿lS￿n0 for the foreseeable funwe. As suth. the trustees continue to adopt thegoing co￿ern basis of a¢￿￿￿￿4 in wepaiFng the ar￿￿TrI Income Collections arereco¥nised rererved by or on behalf of PCC PlaTrned giving receivable under GiftAid is recognised onlyvthÈn re01￿d. Income tax Trco¥tratl• on GiftAid dontyiion5 is re¢cynised when the inceme is recognised. Grants and legacies to the PCC arè accounted for as six)n as the PCC is botified of its legal enlithmÈnt and the mountdue is quantifiable and its uttimate r￿lpt by tr* PCC 15 prr*babl& Rental income from the letting of chwch premises is recognised Mfften the tentsf is due. Dividend5 arè a(￿Unted for**n d￿l￿d Interesti5 accounted for￿￿en We￿￿{L Tangible r￿ed a55ets c05ting over £5.(th. with a usefid life of Lwr or* year, are capitslised. They are stated at cost les5 atttjmulated dewÈciation and •c￿lerated w11t￿ff& r￿ed Assets a￿ deweciatèd on a str￿ht.11ne basi5 ovw the length of theirexpected Ll￿f￿1 life è5 follows: Land- Builthngs-20yÈ¥s Fixtures & ￿ttingS- 10 years AudkHisual equipmént-5 Computers-3 Years Indtvidual items of eqvjwnent￿ryth a purtha5e price of £5 In) or loss are nmallywrittèn off when theasset 15 acquired. An impairn)entreview is carried outateath y&r-end ary rewltant lossidentsfied 15 indudeil in eynditure for the year. The total assets of the parish irK4ude Eilmer House, Makne5twJry. The thurrh buildings aNI Parish Offio are not PCC assets and are iherefore not valued in the aro)unts. This is because consecrated and bèTre￿ property Is exduded from the ac£ounts by section 10(2) ofthe Act 201L No value is plactd on mO￿ts1e chwch fumishiry Wd by the thwthwardens on special trust for the PCC and which require a facuity ford1s￿$al Sin￿ the PCC considers thisto be ithi&enable property. expendttixe In￿rred during the yearon conse£rated or ben8fre bupd1￿￿ and mow4ble rhwth ￿rnishing￿ wheth mafjntenan￿ or improvement. is WTitten off in the SOFA and separately disdoseil. Investments Investments 4UOted OTr a recognised stock exdlange orwlw value derivesfrm them are valued atmarket dlue at the year end Thè inve5trnent is hÈJd in Income Shares of the CBF Church of England Investmertt FuDd. &)ort t£mi depos These are tlte rash amounts held on depositwrth the C li The PCC of MalmÈsl¥ry & ￿0kenbtsr￿-AnNal Repwt& F￿￿n¢la1 Ststernents2025 Restricted lund5 are htld on specifK tru# Underd￿rity IM The trusts estsblish the purpose forwhich the PCC can lawfvjlly use these restricted fund& The restrirted furKk of the PCC are income funds and will be spent or applied within a ￿aSonable peTiOfl frgm their De%￿ated fvjnds Thesefund5 are•RiJable to beused in furtt￿a￿￿of thegeneral obixtr￿e5Ofthe Parish and tsreare no other restrictions on how they may be used. The main unrÈstrthd fund opeiated bythe PCC is the General Fund. In addition to thÈ General Fund. part of the unrestricted funds be set aside into Dwnated Funds. to be used for partr£UIarpro￿ or£ommitinent& There op cwrently ng de5i8.4ated fvnds. The PCC of Malmesbury& Br0kenbor￿-hJH￿al Rep￿t& Rnantial Statwnents 2025 NOTES TQTHE FINANCL4LSTAIEMENYS It￿rt￿N￿dI YEAR ENDEB¥i¥fi)ECEMSER 2025 Z Inc¢>m• Tol*l Funds Tolal fvnds Hannedw¥•w Colletth)ns 127.247 I7,￿8 123A82 22.952 22971 52.133 38J61 29553 9.181 298A33 17.59J Vi51torbtsx DonattOn5 and 674 Interost l*rnentfvndlrxon kr*rHts￿e rent 4222 4510 107 41D7 15289 FeesforW•&1￿5and1￿nefapS 11228 11228 Events Eyentlncts￿t- Lltd• Sta 832 I.￿7 1fj.524 1.687 17281 TOTAL INIX)ME The PCC of Maknesbury & ￿0kenbL￿￿h~A￿nVal Rep￿t & kn4nt1alstatem￿ts202S NOTES TOTHE FII¥ANf14L STATEh*1￿5{a*rf￿j YUR Ef4DED 3j5r￿EknE￿o£n202s Totri T¢*trlFunds $141 Costdr3ts1¥fun&: Eyw Cost of Everts 578 Co5tofEvents- Lifek*th 8mO 17 57 669 4378 4178 ¥b) C•5tolr41skngfimds. Mawkeiityand •rtworklAPW) 4¢) tharflabknxtl¥l Partshshare Home fvlwn Ovorsea5 Clwlthpn and Vf*uth ff costs- seenote 4t) TT4tnirqarnl ethcatk) Serwce and rn￿¢ costs Aowèrs 01 25 1237 9J36 878 61 Hospitaltty Upkeép o*chJrctrryard Pttspertv￿￿I￿r0nl* UtllftSes 4073 JOA74 IrtsJr4nce 29322 14M3 17.fj48 Depreclatlon AIMEr￿strathn Profes*oTral fees 17.fAa 9.&59 38lJ80 Induded within Professional FeÈs is an amountDf £3￿ {2024: £￿) related tothe Independent ExaminerfeÈ. 14 The PCC of Malmesbury & 8rokthro4h- annual Rer*rt& Fmancial Statements 2025 2024 Tot•1 Totsi Vwnds Fund5 Sld) st¥ff ¢o&ts $31aries & Othtrrstsff costs Penyon conLlbLrtfor (W8 95079 25 No •rnpfDipe •amed ltt ￿ee¥S of￿£￿. No men4*rof ￿ I>CC J¥¢efved ary rarwnerthn forthelr work on the PCQ The elaw. are ex offftio Th￿1&erS recei%* a stipeThJ Dr oqui¥al•nt salary kn are notremnèratsd rtt*ir5thè ￿ thÈPCQ The averap nurnterof staff erfpbjypd ￿nthe￿ar￿As1 (2CQ4t' n Volwrteers 0)nt￿￿¥* trj the work of the suth as Y2irtakninE tr* buNaraBS and Gfvjrch￿rd￿ St*ard1￿ wrth¥childrErfsactsy4tk4outreath ert p￿tOr¥1_￿e3rn1 kad6ngch￿ch￿oPthip. At tsrtofpEriC* thltbns D15P05* AteTrdof perfod Deprecladon Atsthrtofperfod Clwryforthe year Disp)sals Atend of Femd IN776 174Th 174776 N•tbook Vahte Atstsrtofwiod At•nd ofperknd **ptEclated. The PCC of MaknestyJry& Wenborou8h-AnrA￿l fteptrt& Ststements 2025 2249J8 224919 Debty Traththbrts Pr4wyn*nts 27S 42J2 PAYEINI ]Jn 57 65.164 TalalFth￿ T•i•ifuhds nd B4arte 43351 The PCC of Malmesbury & Brokentr￿r￿-An￿al Rep￿t& Fmanoal Statements 2025 laTrt••t In(omel•r TTrn51@5 èd•n¢è •t and End ofy•4r GaWLos% 2fjIfj95 274595 C1￿¥FuNd Mthi51ryAssslant Move kveen Provtsknn 14WPAq Youth Iqi55ion ¢JiJyeMIo1 14exi IC0Yea￿FutyJ Athe&t2n ￿l￿waY Dbcrel(0tsgryFvnd 14456 l574 .•¢i 165 1.165 57.5¢1 48,In 27m4 5450¢ *02a7 4250 17.lnz -24 6,3n -9F.IWJ T•tsJFynds The Vic*s DiScre￿nary Fund is an emeoenry hardship lty￿. to prthryth help to pari5hion*5 atthe discretion of the wicarandchurrlNvarde 11. Pensions Malme5bury Abbey PCC partiupates in thÈ Pwon &lllder Sd￿Tre section of CWPF fvr la¥ staff. CWPF is administered by the Cfrurd) of England Pensions Board. whKth IMJlds thè CWPF assets separately frorn those of the Employer and other partiapating employer& CWPF has two section& L the ￿ned BÈnefitsScherne 2. the PÈnsion Buildersctheme, wthi(h has t*Y> subsed1￿. a deferpd annutysection known as p￿ft ￿lIder C* and, cash balancè section known a5 Penston Bull der 201 PeTr51Dn BulldwSch*ne Both sections ofthe Pensron &HlderSclw ¥e dassed asdefined benefft 5theme& Pensionk9ulklerC&tsskpr9vides a pe￿10￿. aC£um￿ated from Contri￿nionspaid and con¥erted intoa defurp annuity durinE employment based on terms set and reviewed by the Church of England Pension5 Boanl from time totime. Discretionary incrÈ2ses mail also be ￿ded, depe￿11￿ on investment return5 and other fartors. PenslonBullder2014is•eash balano 5chemethatpr￿idesa I￿np whKh membersuse to providè benefits at rotirÈmenL Pension cortribukns are recorded in an ￿(0￿rtforeath membÈr. Discrdionary bonuses may be added before retremert dtspendingon inbEStmertretwns and otherfartorL The acwun¢ plus an¥bonuses declared is payable, unredvod. from age 65. There is no Sul￿1￿1$10n of assets between emplo>*T5 in eath sèdion of the Pensi¢)n Builderscheme. 17 The PCC of Malmethp ury & BrokenbOr0￿-Anrn￿l Reptyt& Finandal stst￿nents 2￿5 The 5theme is considerÈd to be a rnulli-employerstheme asdescTiW In Sedion 28Df FRS 102. This is ljecause it is notpossible to attrilmrte the Pension ￿4￿Jer Sthemds assèts and liabilitiesto specift employèrs and means that contributrons are ac