Communit of St Mary the irgin Report and Accounts Year to 30 September 2025 The Community of St Mary the Virgin at Wantage Charity registration number 1181510 Contents Reports Reference and admini$trattve details Report of the tru$te&s Indwndent auditor's raport 10 Accounts statw*nt of financial activ￿"eS 15 Balance Sheet 16 Statwnent of cash fl(rws 17 Principal ￿lUntIng pdicies 18 Notes to accounts 23 The Communty of St Mary the Virgin al Wantage Reference and administrative details Trnstees Ven Chrtstine Altswp Sandra Capel (Retired 10 January 2025) Michele Foot Rt Revd Olivia Graham {Resigned 22 May 2025) Revd Car￿n Dr Peter Groves Alison Jestico (Chair) Gordon Joyner Revd Canon Darren McFarland IResNJned 22 May 20251 Pauline Rudd (Appointed 4 March 20251 Sue Scane {ApFointed 20 November 20251 Sister Elizabeth Jane Tweddle Revd Philippa Whrte {Appoinl&J 4 March 20251 The Communty of Sl May the Virgin St Mary's Convent Denchworth Road Wantsge Oxfordshire OX12 gAU Sister Elizabeth Jane Tweddle Princlpal address Sisler in Chary8 Stovrard R&hd Gerha￿l Teleph¢>no 01235 763141 Website csmv.co.uk Charlty reglstratlon number 1181510 Auditor Buzzacott Audit LLP 130 Wood Street London EC2V 6DL National Westrninster Bank plc 11 Market Place Abingdon Oxon OX14 3HH CCLA One Angel Lane Lonejon EC4R 3AB Wincknvorth Shenmood LLP 2 chaW￿Y Park c￿TrOr Him Oxf(Yd, QX2 9GG Bankevs Investment manag•rs Solicltors The Communty of St Mary the Virgin at Wantsge 1 Report of the trustees Year to 30 September 2025 Introduction The Communrty of St Mary the Virgin at Wantage fcsmw or 'the chariW} is a charitable incorporated organisation registered with the Charity Commission in England and Wales. It incorporated on 10 January 2019. The trustees are pleas&1 to present their report together with the accounts for the year end￿1 30 September 2025. The charty was set up to take overthe actiwtse5 of an unincorpofated charrfabletrusl with the name 'Communty of St Mary Ihe Virgin * Wantsge. 1.the CSMV Trusfi Ichaiity registration number 240513). Wrth effeGt from 1 October 2019. all the assels, liabilit￿$ and activities of the CSMV Trust were transferred to the charity. The oftgins of CSMVS activrties go back to 1848 when an Angltan retigK)us C￿m￿nIty of Sisters Ilhe Community") was founded by the Revd. William But￿￿, Wicar of Wanlage al the tin*. The CSMV Trust was created in 1879 to take forward the ￿tiV￿eS ofthe Conynunty. Folh)wing the transfer of activitses to the charity, the CSMV Trust remains as a separ8te wtty but is no k)nger active and is constr(uted as a linked charity wrthin this charity. The charitable 0￿ects of Ihe CSMV Trust wore reviewed and reryexpre55ed during 2018119 to reflect todays woTkJ. The new obj.ects w￿e approved by the Charity Commission and are the objects which this chanty has *knpted. They reflect the three broad areas which have aèways been at the heart of the Communty since its founding In 1848. These are" Living and growing in farth. and in partKular sustsining the lrfe of the Community of Sisters which is at the centre of CSMV. SupFOrting ￿￿¢811)n fourtded on Anglican Christian princples. Caring for the vulnerable. in particular wcmen and gid$ and those who are111. This report descrft)es how Ihese objecls have been realised during the year. The trustees confim that in planning and overseeing the chanty's acb"vrtie5 they have taken into account the Charty CommissK*n's guidance on publ￿ benefiL Living and growing in faith The charity sed(s lo live and grow in faith and lo help others lo come closer to God. The charty's Convent and grounds in Wantage is the home of the Communty of Sisters who are at the heart of CSMV. T0￿er the SisleAs sustain the cycle of prayer and worship which has been offered at the Convent for Th)re than 175 years. Visitors are welcome to join them for worship. The Communty comprises 5 professed Sisters and a Sister under Prornise who cr￿tinueS through the prctess of explorttion, dlscemmenl and fomiation. The Retreat ￿n9 offers individual$ and groups spac8 for quiet days and retreats, to refiect. lèarn and pray in the quiet peace of the Retreat Wng and with the Sisters. Dunng the year, CSMV offered a programme of retreats and quiet days covering a variety of subject5. These were well attend￿ and more are planned for the year ahead. The Sisters have offered a Beginners Retreats, an Ordinands. Retrea( and Come and See Weekends which are aimed at those explorrng a ¥ocaknn to the Re1WJ￿US Lrfe. The Communty of Sl Mary the Virgin al Wantsge Report of the trustees Year to 30 September 2025 We have also welcomed many groups to use the Maribel Cenlre. from edu&*ion organisations. Dwesan bodies. the Cathedral. and other eharilÈs looking for somewhere lo meet. This ministry of welcome is gr(7wing steadity at a p*e with which Sisters and trustees a￿ c￿￿Ortable. Indrviduals WI￿ woukl lthe to devek)p a ck)se a$S￿￿tIOn with CSW are invrted to find out more about the Community's groups of Oblates and As50ciales. Both groups welcome women and men, lay or ordain&J. from any Christian denomination. Associates are received as friends of the c￿mUnIty. Oblates arè those who fa81 drawn by God to express in their own lives the charism ofthe Communtty. As more people cometo know about CSMV through retreats and conference events. we hope to see both groups growing. Both groups meet regularty vo Z￿)M as wdl as face to fxe. The chatty works with ¢)ther organiSat￿n$ to pr(*Th)te prayw and the religious lrfe. Dlsring the year we have sUp￿ted kn organisation5 in partthlar, by keeping them in prayers and by providing grants. Bespace is a charity which equips Irxal thur¢hes to facilitate prayer and rellection spaces in schools and other community areas in Oxfordshire. Bespace provides ckssroom krts, and ideas to tc¢￿ church teams and, and in some cases volunteers to help lead the prayer groups. Until the decision was taken to dose the charity in October 2(r25. Discovering Prayer was offering many dÉfferent ways of expk)ring prayer through the medium of the internet. Founded and wn by CSMV Oblate M￿helle Eyre, the website offered the cyportunty to expk)re a daeper relatK)nship vith Gcmd. Supporting education Supporting high quafty ed￿tion of chAdren of all age5, and particulady girts, ha5 been a guiding principle of CSMV since its ongins in the n￿teenth ￿ntury. The charty is inVo￿ed in several ways ol offering that supKK)rt trx)th in Wantsge and overseas. Al the Convent in Wantage. we are providing Offi￿ spxe for iwo mulkn-academy trusts -the Oxford Dlxesan Schc4)1s TfustwhKh has grvNn to a family of43 primary schods ¢n the D￿￿@s0 of Oxford. and Cambrian Leaming Trust (succeeding the Vale Academy Trust) which ncyw has eyhteen schoots ￿ and around Wantage. Farin9don and Abingdon. One of the challenges fxed by k£al schools is the h￿sh cost of housing in Oxfordshire. Thi5 makes it drfficult to recnJf( yourg teachers in Part￿ul*r. We are helpiro wrth this a smal way by offerv)g six fiats * affordable rents in St Marfs Lodg8. In India. the Sc¢iety of St Mary the Wirgin in India I"SSMVI") continues the work of CSMV Sk8ters * three schools in and arourKI Pune. These schooEs educate more than 1,000 chP4Jren. many from very diSadVantsg￿ backgrounds. We have conlinL¢ed to prowde prayer support The charity also m*1• a grant to Vlantage Parish Music Guild to support young choral and organ Scholars, and with o partt¢ular •mphasis on the relwjious and musical education of children and young peop￿. The Community of St Mary the Virgin at Wantage 3 Report of the trustees Year to 30 September 2025 Carlng for the vulnerable In the Late 19th century and for rnuch of the 201h century, the Slstely of the Convnunity were callgd to woik with the pwr and dBadvantaggd in South8m Africa as well a5 in India. The chanty eontinuesto supportthis Work thmugh projects with an historical linkto the Communty. In Pretoria. South Afru. the charity supports Irene Homes whose mission Is to provkle holistic care arKI support for persons with intelJe¢tual disabilities. offering them res￿ent￿lI and day care support and skilLs training. In Botswana. CSMV Associate Margaret Taylor continues to manage donations from Wantsge to developmenl proiects at the Gabane Communty Homo-based Care Centre. offering pre-school educatK)n and carefor Iccal families and orphanec* children, and the Holy Cross Hospice in Gaborone caring for the eldedy and terminally ill. In Pune, Ir￿1#. the ¢harity supports SSMVI as il cares for a number of moslty eld8rP women at St John's H(￿e. At the nearby St m￿hael'S Hostel, SSMVI provTdes residential Care for 190 gtrfs at risk, including chiklren who are orphans or from single parent households. those affected by HIV-AIDS. and children of prostrtutes or from broken and poor famil*s. offerirKJ the girts support through lrfe-ski115 training and education 8ssistsn¢e. In the UK. the Medai118 Trust is the largest provFd@r ol supported accommodation for ctins of modem slavery. Their nètwork of safe h¢)uses provides pefsonalised support, empowering ¢I￿ntS on their path to a lrfe f￿ fr￿1 slavery and expbilatB)n. CSMV continue5 to SUFVOrt the M&Jaille Trust financralty and with prayer. Fuller infomiatK)n on the woth of th& dwrity can be found at News - Communit of Sl Ma the Vir Governance and operations The charity is govemed by its conslitution whith is registered at the Charty Commission. As referred to in the introduttion to this repth, the Charty took over the activiti'es of the CSMV Trust, incknding all rts assets Ik?bIlit￿s. with effect from 1 October 2019. The charitable ob• ol the charity are the same as those ol the predecessor CSMV Trust. They were reviewed and re-expressed in 2019 to refiect tc*Jay's workl. They are as follows: To thance the ChristHlI religion for Ihe benefit of the publ￿, in particular through manlaining St Mary's Convent. Wantsge and sustaining the religious community there, as well as the pron%)￿n of the relNJi¢JJs lrfe generalty, in *cordance with the doctrine of the Church of EnglaThJ and of those churches in communion with the Church of England. The Communty of St Mary the Virgin at Wanlage 4 Report of the trustees Year to 30 September 2025 For the benefft of the public. to prorrnle and support educ8ti)n in institutions or through proj￿15 which have an AnglKan character, orthrough joint and ecumenical enterprises ich include an Anglican partner: in such ways as the trustees think fit To support projects which assist in the care and treatment of persons suffering from illnoss of any description or in need of rehabilitatic￿, in particular for vulnerable women and girls and wortsn sufferiThJ frcun mental illnesses, including through the provision by such projects of f&ilities for WO￿ and rthathjn and the promotit)n of heatth Thelrustees a￿ reswnsible forthe overall govefflance of the chariiy. Trustees are appointed by a resolukn.on passed at a meeting of the charity'$ trustees. To be appointed, an indwidual musl be a regular ccrfnmunicant memb8r of the Church of EngLand or of a church in communion with thè Church of England, in ￿CordanCe wrth the Church Representation Rules 2017. Trustees are appointed for a spectfied temi of up to three years. They may be rep appointed for up to Iwo fUrt￿r conseculNe temis bul may then onfy be re-appoin￿ after an interval of * least one ye*. The trustees meet al least four limes a yeaf. The trustees are also the members of the charity. If the charty were to be wound up, they would have no liabilty to contrtjute to its assets and no personal reswnsibility for any debts of the charty. An induckn programme and trarning oFVOrtunit￿S for tiustegs ensure that they are appropriatety briefed on their re5ponsfoikts.es and on the actNities and financia posrtion of CSMV. When n￿sary. the truslees seek advKe and support from CSMV'S professional advisers. The Steward (CEO) and Clerk lo the Trustees, Rachel Gerhardi. is responsible for overseeing the staff and daY4￿daY q)eratM)ns at St Mary's Convent. The Stewwd reports lo the Sister in Charge of the Communrty and the Chair of Trustees. The trustees have formed a number of small groups supportèj by relevant membèrs of staff. whKh are able to monitor and revtew the operatKinal ￿tIvitIeS and challen9es of the charty in more detail and to report and make recorTunendations to the mwn trustee board. The trustees consider that they, together wth the Steward, comprise the key management of the Charity. Senior staff report to the st￿ard. The Sister in Charge is responsible for the care of member5 of the Communrty and for their ministry. She advises the tnjstees of the views of the Sisters abcyJt the fvture dyection of the charrty and other relevant matters. The Sister in Charge is both a member of the G(¥nmunty of CSMV Sisters and a trustee. ilst her fving and personal expenses are bome by the charity in the $arr* way a8 Other Stslers, she receives no ￿Mune￿li0n or reimbursement of expense$ in eonneclron with her duli88 as a member of key management. The trustees at the dat6 of this report are as follc*ws: Appolnt•th#pptslnt Ven Chrisb'ne Amsopp MIthe￿ Fc* Reappjnted 4 March 2￿25 for a furthèr three years ReaE)pini4J 25 SepI￿nbel 2tr25 fora fjjrt￿rY0af ReappM)ffrt￿ 7 Marth 2024 fora DJfU)er Ihw ye¥8 Reappc¢nt&14 Marth 2025 for 8 fvrther three yews int&J 23 May 2024 forthree years The Communty of Sl Mary the Virgin at Wantage 6 Alison Jests.￿ IChw"r ofTru5tees) G￿d0￿ Joyner Report of the trustees Year to 30 September 2025 Sister Ely￿beth Jane Tvtsmle Pauline Rudd Sue Scane Revd pfM"lippa ￿￿te Appointed 23 Novembèr 2023 for three years AFpointed 4 Marth 2025 for three years Aw)oint￿I 20 NOveM￿r 2025 for three yea[8 ApFK)utrl 4 Marth 2025 for three yearg There were reS￿natK>nY (Rt Revd Olivia Graham and Revd Darren McFarland) and new appointments of Truslees during the year ended 30 Seplember 2025 and Sandra Capel retired at the end of her lern of offite in January 2025. Since the ye* end Sue Scane was appoint￿. Risk management The trustees Tegulady rev*w the princrjal rtsks and uncertainties faced by the chanty and the poliues, systems and procedures in place or needed lo mitigate the risks idenlrfied. The key risks tdentrfied are described below, tcoether with the principal ways in wh￿h they are mittgatety." Most of the Sisters are over state penwon age and the charty has both a moral and legal obligati¢)n to care for the Communtty's older members. None of the Sisters have resources of their cAvn as they donate all their eamings, pensions and other incorfft lo CSMV. Key elements of the management of this risk are". {a) setting ashde assets in a designated fund. the value of whih based on acluarial principles, in order to ensure that there will be Su￿￿¢ent frjnds io covef the costs of care.. and Ibl ensuring that pr￿sseS are in to wulaty revp•Y Ihe ministries and needs of individual Sisters, enabling them when approptiate lo take on less demanding ministries and identifying those who need extra Ca￿ and help. The charity works with vulnerable pwple and the trustees recognise the necessty of ellsuring the proteth.on and safety of all those Se￿ed by the charity. Includir￿ the older Sisters. A safeguarding group, lad by a t￿￿tee, meets as necessary to review the charity's sateguarding py)licy and prctedures and reL4ted issues. An audit of safeguarding Prixesses, Prccedures and pol￿eS was cairied out in 2022 by an experienced safeguarding professK)nal. No significant issues were found and the actions recommended in her reKth have been tsken forward by the group. Under the Past Cases Revthv prLxess, the archives were examined by an extemal reviewer in 2022 and no rDatter5 requiring furthet investigation came to lighL W)ere aPprOpr￿te, certrfrAtes from the Discthure and Barring ServrE IDBSI are obtsined and safeguarding training is provhjed forstaff, Sislerg, Iruslees those who volunteerfor the charrty. The charitydonates lo olherorganisatK)ns whose objeclwes are consistent with its own. Whether the funds are used here in Ihe UK or overseas, the trustees ensure that they are familiar Trmth the w(xk of any polentBI recipient of funds, that funds are transferred via bank transfer. that proof of receipt is obtained and that written reports of how the montes have been uttlised aThJ appl￿ are obtained from the recipient. A $ignrficant prwotton of the charity's assets are held in investments in rx)oled funds wh￿h comprise signifunl proportKJns of listed inveslrnents in the UK and overseas and therefor¢ dependent on Th)vements on UK arrfl workl stock market. The funds are managed by experienced fvnd managers. CCLA, and the underlying investments are Community of Sl Mary the Virgin al Wantage 6 Report of the trustees Year to 30 September 2025 well diversified. The trustees meet regularty with the investment managers to review and monf(or their perfornBn￿. The investment strategy is assessed annualty to ensure rt remains approprhqte. Supportors & fundraising The charity seeks to achieve best practice in the vfty in wh￿h il ccthmunK>te5 with donors and other supporters, tak]"ng eare wth both the tone of its c¢JmmunKations and the acCu￿Y of its data. Supporters are able to change their communication preferences at any time and the charity does not •Jnploy the servi￿$ of professional ftjndraisers. The tharity &Jes not sell or swap data atth supportets wth any other organisations. The charrty has received no G￿n[￿aints aboLrt its ftlndraising actTrAbes. if it does so in fthure Ft wil investigate and leaTn from them. Financial review The accounts for the perirAI to 30 September 2025. whith ftAlow this report. have been prepared in *cord8rte with the aCC￿nting policies set out C￿ pages 18 to 22 and comply wrth the charrty's constthtion. appI￿able arKI &£ounting standards. The chwity has signfficanl investments which generate gains or losses in value. Inevilabty, this means Ihat the chariws total irKc¥ne can vary from year to year, depending on movements in investment markets. Al the Chaws financial investsnenls are managed by CCLA Investment Management through the CBF Investrnent Fund and the CBF Glct*al Equity Income Fund. The value of the accumubtion shares in both Funds fluctuated during the year bui finished 0.850A k)wer al the end of the year for the CBF Investmènt Fund and 0.72% lower for the CBF Global Equity Furvj. This resuAed in a totsl loss of £114k across the Iwo funds {2024 Gain". £1,772K). Funds of£1.414K were Withd￿ from the porlfolio to fund the operational defic 12024- £TT8K). In addition to its fina￿la1 investment portfolK>s. the charty holds a numbei of investrnent properties to generate rental inccxne. In the year ended 30 September 2025 no a(I'ustrnents were made to the valuation of investment PfopertJ"es. The programme of renewal of the C¢)nvent buihjings in Wantage was started by the CSMV Trust and was largety ccfflpleted by the chanty during 2020121. The cost ol this work is rellected in the freehold improvements shown in note 10 to the xcounls. At 30 September 2025 the charity had no capital commthents. Reserves At 30 September 2025 total reserves were £29.3M {21r24.' £30.9MI The charity has a small amount of reseNes which are restricled for specrfic purposes. Delai18 are given in note 14 to the accounts. The Communty of St Mary the Virgin at Wantage 7 Report of the trustees Year to 30 September 2025 The charity's tangible fLxed assets. prirtlpamy the Convent site n Wanlage, are recorded al a net bc(k value of £14.3M (2024: £14.5MI. As these assets are essential lo th8 charity's activities, their value could not easity be realised lo meet future contingencies. Accordingty, the tnjstees have set aside a reserve of an equNalent amount. A primary responsibilty ofthe trustees is to ensure that the charty has sufficient funds for the fvjlure to allow the Sisters wfv) m*e up the Community to continue their religious lrfe and to care for thè Sisters as they grow older. Accordingly, the Irustees have sel aside a designated reserveforthis purpose. The V￿￿e ofthis fund is tevvwed annually using actuarial winciples. In light of the most recenl detailed review. wh￿h look account of the relatively high and increasing costs of providing care, as well as the current number of Sisters, the trustees consider the value of this fund shoukj remain at £4M. The trustees have earefully consKlered the charity's need for free reswes, i.e. those funds not invested in tangible fLxed assets or restricted for specffic purposes. The charty will rety to a large extent on returns frLYn its lllvestrner￿ to gener*e the income required to continue to run St Mary's Convent in Wantage, to support the Sisters in theircalling and more generally to carry CSWS charilable objectNes. Taking into account likety future expenditure needs, other sources of income and ests"maled long4erTn investment retums, the Iruslees consider that they needed to maintain an investment portfolio worth approxim81ely £1 SM (* current price levels) in order to geneiate sufftient HKome to sustsin the charity, including caring for the Sisters in th￿r retirement. Accordingly. Èt is the policy of the trustees to hobj unrestricted reserve5 represented by investments of approximate￿ this amount. The value of such reserves at 30 September 2025 was £14.9M {2024.' £16.4M). comprising a deS￿nated Sister5, care fund of £4M and general unrestrided reseNes held as investments of £10.9M12024." £12.4MI. Outlook for the future During the coming year. we h)ok fO￿ard to increasing the pr(oramme of retreats offered in the refvrbishe(l Retreat Wing and hope to attract more guests on retreat, individu8lly and in groups. A number of groups. parti¢uLgrly those with a close connection to the Communrty. are regularty using the facilrties in the Maribel Centre and we hope that this will continue to grow a5 Other groups become aware of the excellent fxllfÉ￿S and warm welcome. The Communty of St Mary the Virgin at Wantage Report of the trustees Year to 30 September 2025 Statem8nt of trustees. responslbllllles The trustees are responsible for preparing this trustees. report and the accounts in accordance with appl￿ble law and Unrted Kingdom Accounting Standards (United Kingdom Generalty A¢￿pted Accourrting Practice). The law applicab￿ to chariti.es in England and Wales requwtt the trustees to prepare accounts for each financial period whtch gNe a true and fair view of the stale of affairs of the charity and of the inc(¥ne and expenditure of the charity for that period. In preparing these counts. the trustees are required to" select surtabje accounting poI￿leS and then apply them consistendy.. observe the MetI￿)dS and princples in Accounting and Reporting by Cha¥ities.' Statemerbt of ReQ￿rnended Pradre appI￿able tr) Char￿eS Preparing their accounts in accordance with the Fina￿131 Reports"ng Standard ap￿Icab￿ in the United Kingdom and Republi¢ of Ireland IFRS 102)." make I￿gemeftts and estimates that are reasonable and prudent.. slate whether applKable United Kingdcrfn Accounting Standards have been followed, subject to any maerial departure5 disclos&l and expL8ined in the accounts; and prepare the accounts on the going ccx)cem basis unless rt is inappropriate to presume that the charity wll continue in Cperat￿n. The trustees are responsibk for keeping prwr &counting r￿d9 that disc108e with reasonable ￿CUracY at any time the finanual posib.on of the charTty and enable them to ensure that the accounts compty wih the Charilies Act 2011. the relevant Charty (Accounts and Reports) Regulations and the provBions of the charty's cx)nstitution. They are also responsible for safeguording the assets of the chanty and hence for t*ing rgasonable steps for the prevention and deteclion offraud and other irregularrtEs. This report was approv￿1 by the trustees on )rnfyJ 7•2G and sign&J on ther behalf by.. Alison Jestico Tfustee The Cornmunrty of Sl Mary the Virgin al Wanlaje 9 Independent auditor's report Year to 30 September 2025 Report of the independent audltor to the trustees of The Community of St Mary the Virgin at Wantage Oplnlon We have audited the ￿COUnts of The Communty of St Mary the Virgin at Wantage (the 'charity') ￿ the year to 30 September 2025 which ccmprise the st*emenl of financial aclimties. the balance shee( the statement of cash flows, the principal accounting policies and notes 1¢ the a¢¢ourtts. The financial repti￿n9 framwork that has been applied in their preparatK)n is applicab￿ law and United Kingdom Accounting Standards, including Financial Reporting Standard 102'The Fina￿￿91 Reporb"ro Standafd appluble in the UK and Republic of Ireland. {United Kingdom Generalty Accepted Accounting Prathe). In our ownion. the accounts.. gNe a true and fair vivw d the stste ofthe chaTity's affairs as at 30 September 2025 and of rts income and expenditure for the year then ended- + have been prowty prepared in accordance wf(h United Kingdorn General￿ Accepted Accounting Practice" and have begn prepared in ￿)rdar￿$ with the requirements ofthe Charit￿5 Act 2011. Basis for opinion We conducted our audit in accordance with Intem*ional Standards on Auditing IUKI IISAS {UKII and applicable baw. Our respon$iblitie3 under those standards are further described in the audrtofs responsibllrt￿S for the audit of the accounts section of our report. We are independent of the charty in accordance wrth the ethical requirEmenls that are relevant to our audit of the accounts in the UK. including the FRC's Ethical Stsndard, and we have fulfilled our other ethical responsibilibes in wirdance wrth these requwements. We believe that the audit evidence we have obtsin&J sufficient and appropriate to provide a basis for our opinion. Con¢lu$ion$ rnlating to golng ¢on¢ern In audtting the accounts, we have concluded that the tnJ5tees' use ofthe going ¢on¢ern basis of accounting in the preparati￿ ofthe ￿0￿nts is appropriate. Based on the wor* we have perf0m￿. we have not ￿entff￿d any materral unCertaint￿S relating to events or CO￿11t10n5 that. indrvllualty or coliectNety. may cast significant doubt on the charity's *)ility to continue as a going concern for a pefK)d of at least twelve months from when the accounts are aulhoriwl for issue. Our responsibilth'es and Ihe respon$b￿l￿e$ of the trustees wrth respect to 90in9 concern are described in the relevant seckn.ons of this rewl. The Con¥nuntty of St Mary the Virgin at Wanlage 10 Independent audltorfs report Year to 30 September 2025 Othèr information The trustees are fesponsible for the other infofmalion. The other infomation comprises the information In¢￿ded in the Annual Report and Accounts, other than the accounts and our auditor's report thereon. Our opinicffi on the accounts does not cover the other information and we do not express any fom7 of assurance conclusion thereon. In connedion with ouraLbJrt of the accounts, our responsibilty ￿ to read the other infomiation and, in doing so. consider whether the other infomation is mateii81ty inconsistent with the accounts or our knowledge rt*tained in the audf( or otherwise appears to be materialy misstsled. If we identify such material Inconsiste￿ie$ or apparent malerkgl misslatements, we are requwed to determine whether this gwes rise lo a material misststemenl in the accounts Ihem5efves. If. based on the work we have performed. we eonclude that there Is a material misstateM￿t of this other infom)alTron. we *e requlred lo report that f&t. Vle have nothiig to re￿rt in this regard. Matters on which we are roquired to report by exception In liqhl of the knowl*e and understanding of the charity and ils environment obtained in the course of the aydrt, we have Njt identrf18d material misstatemerrts in the trustees, repoit We have nothing to reptxl in respecl of the follrywing matters in relth'on lo wh￿h the Charitio$ (Accounts and ReFK)rts) Re9ulations 2008 requres us to rep(Kt to you rf, in our opinion.. the inforrnats.on gNén in the trustees, rwt rs inconsistent in any material respecl with the accounts" or suftient accounting records have not been kept or • the accounts are nt* in agreement with the accountirKJ records and returns: or • we have not received all the inforrnation and expL3nations we require for our audit. Responyibllltles of trustees As explained more ful￿ in the Iruslees. resw>nsli ylities statement sel out on page 9, the ITUStees are responsible for the preparath)n of the accounts and for being satisfied Ihal they gwe a true a￿1 fair v￿, ond for such intemal control as the trustees detemine is necessary lo enable the prep￿a￿n of accounts Ihat are free from materiai misststement. whether due to fraud or error. In preparing the accounts. the trustees are responsible for assessing the eharty's abilty to continue as a going concem. disclosing. as ¥pficable, matters related to going con¢em and using the gryng concem basis of accounting un￿sS the trustees either intend to liquidate the harity C￿ to cease operat*)ns. cff have no realFstse altematwe but to do so. The Communrty of St Mary the Virgin at Wsnlage 11 Independent auditorfs report Year to 30 September 2025 Auditorfs r8sponsibllltles for the audit of the accounts We have been apFointed as audrtor under seclion 144 of the Charthes Act 2011 and report in accordance with the Act and relevanl regulatio￿$ made or haviThJ effert thereunder. Our c*sjedives are to obtsin r&winable assurance aboLrt wheth&r the accounts as a whole are free frcfft material mi5state￿￿nt. Whet￿ due to fraud or error, an¢J to hssue an 8udito¢s rewrt that includes CAJr winion. Reasonable assurance is a hyh ￿Ve1 of assurance, but is not a guarantee that an audit Conduct￿ in ac¢i)fdance wlth ISAS (UK) will a￿vayS deteBt a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materrdl rf. individually or in the aggreg8te. they coukl reasonabty be expected lo influence the econoTniG decisions of Users taken on the bas￿ of these accounts. trregularrt￿$. including fraud. are Instan￿ of rK)n-compliance with laws and regulaltons. We design prccedures in line wth our re5ponsibilrties, ouuined above, to delecl material misstalemenls in respect ol irregulanties, including fraud. The extent lo which our prccedures are capabte of deteckn.ng ifregularities. tncluding fraud is detailed l)etow. Ouf approach to identfying assessing th& risks (rf malerial misstatement in respect of irregufarities, induding fraud and nOr￿c(￿lIan￿ with L*vs and regulations, was as folk)ws'. The Senior Statutory Auditor ensured th* the ewagemenl team colle(livdy had the appropTtate competence, capabilities and skills to KlenlTfy or rewnise non¥compliance with applicable laws and regulatsons" We obtained an understanding of the legal and regulatory frame•Yorks applicable lo the charity and the Sector in wh￿h rt operates. We focused on specific laws and regulations which we Cons￿￿ered may have a direct material effect on the financkgl slalements or the operations ofthe Charty. We detemiined that the fouowing laws and regulations were most significant.. Accounb"ng and Reportiry by Chariknes. Statement of Recommended Prxtice applicable to charities preparing their a¢￿Unts in accordance with the Financial Reporting Stand*d applicable in the UK and Republ￿ of Irdand IFRS 1021, the Charitses Act 2011 and safeguarding regulations.. • We under8tOC•J hcA¥ the chty is c(xnptying with those legal and regulatory fraM￿OrkS by making erquiriès of management and Ihose responsible for legal and compliance prcKedures. We corrcknraled ourenquir*s thr￿gh our review of the retevanl minutes and correspondence from regulatory bodie5." and • We KlentrfEd kws and regulaik￿$ were Communicated within the aud(( team wularly and the te8rn remained a￿rt to instancey of non-cc*nplkgnce thfoughout the aud We assessed the susceptibilty of the charity's financial statements lo material misstatement. including obtaining an understanding of how fraud might occur, by.. The CorrwnunÈty of Sl Mary the Virgin al Wantage 12 Independent audltovs report Year to 30 September 2025 Making enquwies of Manèjeff￿nt afKI those charged with governence as to where they COn￿dered there was sUScepti￿.1itY to fraud. their knowledge of actual, suspeeted and alleged fraud" and Cons•Jeting the intemal controls in to mrtyale ri5k8 of fraud and non-ccffipliance with laws and regulatK)ns. To address the risk of fraud through management bias and oveNKJe of contfDls, we: performed anatytKal procedures to *Jentfy any unusual or unexpected reLationships,' • tested joumd ent￿ to Ident￿ unusual transactIc￿$.. • assessed whether jLKlgemerrts and assumptions made in detemiining the accounts.ng estimates sel out in the accounting policies were ind￿t￿e of potential bias,. perfom7ed substsntive testirKJ on expend*ure arKI the authori&*tin thereof.. and + investigated Ihe raltonale behind significant or unusual transactions. In response to the risk of irregularities non-¢omplkqtKe with Lavts arKI [egL￿atIOns, we deS￿ned procedures wh￿h irtluded, but were not limited to.. • agreeing financk4 slatell￿nt di5ch)sures to undertying supwttng thxumentstion; • reading the minutes d meetings of those charged vthh governanc8 and dher reievanl reports prepared by nNgnagement for the trnstees.. • enquiring of management as to acaual potenlial litwJation and claims; ar￿1 • reMe%*ing ccrfresponderte with the ccffipanrfs iegal advisors. There are inherent limitations in our 8udtt procedures described above. The more removed that laws regulations are from financial transactions, the bess likely tt r3 that we would become aware of non-CLMnpliance. A￿litIng Standards also limit the audit prcKedures required to Kjentfy non-cc*mpliance with Laws and regulatwjns to enquiry of those charged with gOVernar￿ and management and the inspectM of regulatory and legal corresporKlence. rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may invO￿e deliberate ¢on¢ealment or cdlusion. A further descript￿￿ of our re5pJnsibilitie5 for the audrt of the accounts is located on the Financia Reporting Council's website at vJww.frc.o -uklaud(tOTsres onsibilities. This description lom￿ part of our auditorfs rep( The Community of St Mary the Virgin * Wantage 13 Independent audltor's report Year to 30 September 2025 Use of our report This report is made solety to the ¢haTty's trustees. as a bcrfly. in accordan￿ with part 4 of the Charities IAccouFts and Reports} Regu14tions 2008. Our aud(( work has been undertaken so that we might state to the charty's truSt￿S those matters we are Tequired lo slate to them an audrtorfs report aThJ for no crther purpose. To the fvllest extent pemiitted by law, we do not accept or assume responsibiltty lo anyone other than the charrty and the charity's trustees as a body, for our audit work. for this rert or kn the ¢>pinions wg hava formed. Buzzacott Audit LLP statutory Auditor 130 W(x)d Slreel London EC2V 6DL 30 March 2026 BuzZ￿tt Audit LLP is e1￿ible to as an auditor in tems of section 1212 of the C(xnpanies Act 20C The Communty of St Mary the Virgin al Wantage 14 Statement of financlal actlvities Year to 30 September 2025 Y•arto 30 s00￿b￿r 2025 Ye8Tto 30 September 2024 Totsl lJnrestiided Restricied nds lunds Total funds Donalorrs aTrJ1gJaws 61214 1332 71.Y6 80.933 67.874 67.874 65.989 charitab￿ aLaMti8s . Rertl￿ aThJ vk5itorirKrrfr 240,1 240.199 217.677 217.677 . m￿lIane¢￿￿ 282 370.$69 9.332 379.￿1 360.7L Expenditurn ￿. aritab￿ adNlies . PThsion of chantable act￿1￿8 al St Mary% Ccrfwt . Asst8ting olhers in Lft( ¢)verseas I,￿,TrI 165T 1,804,428 1.714,919 3,019 1.717.938 24750 27,407 24750 1.830.178 32.273 35.292 38.813 1.756.751 Tolal •xP￿dI￿r* 1,801771 1.721.459 invesb*ent Yair￿¢10¥$￿$I and ¢rnnsfers bth¢n lunds Net110&8esl 98Th on ￿sted iweslnErts Net Ilossesl oft prorÉrbes 1IA3WI 118.0751 {l.4￿27n (t.￿.751) Pl.0361 11.391.787> {11&668) 1114e681 1,771. 1.771,969 (13.9401 113,9401 trlet inc¢)mrf leApenthtsrEI lunds Transfers betv*en frJNIs 11.5￿870) 131220) 118.QY¥ 11.583.Y51 397.278 C34.LDJI 131.0%) 34.0( 386,242 14 7 {1M8.W} 14145 11.563,915> .278 386.242 R8¢on¢i￿atIO￿ of lunds.. Total lund$ forA•rd at I Chlcthr 2024 Total (2llied foThwd al 30 S8Ptember2025 819,684 74331 20.892.91S YJ.456.31kS 70.367 30,526.673 17 29,241,494 B7.476 29J28.970 30.819.584 73.331 30,8W2.915 All recognised gains and losses are i￿luded in the above st*ement of financial athities. All of the income and expend¢ture in the atM)ve ffinanclal years ￿lateS to continuing activities. The Communty of St Mary the Vifgin al Wantage 15 Balance sheet 30 September 2025 2025 2025 2024 2024 ixèd assets TaFYJibk assets Investhnts 10 11 14,311,883 14.978.472 29,290.355 14,450,175 16,4¥2.CE1 30.942.236 t)ebtors Cash at bank and in hand 12 54,2(M) 48.997 103.197 68.756 132.719 Creditors.. amcvjnts falh.tvj due wthin one year 13 194.104) 1137,5181 Nét eurrent as*•ts {liabilititrs) 38,615 134.321) Totsl ass•ts18$9 ¢wrent liabilities 29.328.970 30.￿7.915 Credltors.. am0￿1$ tsllng ikn in mLYe Ihan C￿e year 13 {15,000 30,892.915 29.328,970 Represented by: Income funds Restricted funds unrests￿ed ftjnds . T8ngble frn is charged on the land. • Freehold improvements Freehold inprovwnenls comprise mrxlemisation and other improvements to the ch￿1￿$ properties. DeprecLation is charged al a rate of l°h lo 20 /0 per annum. Fi%￿r¢S and rrtrfngs Expendrture on the pur¢hase and replacement of ffixtures and ffttings is c8pitali3ed and depreciated at 15% to 20% per annL6m on a Stra￿hl-lIne basis. Motor vehicles Motor vehides are capitaltsed and depreciated ovw a four-year period on a strawhl line basL8 in order to write off the cost of each veh￿￿ over its estimaled useful lrfe. Plantandmachinery and offlce equlpment Expenditure on the purchase and repk¥ement of plant and machinery and office equipment is caprtalis&J and depreciabj over fNe to fifteen years on a straight line basi& Fixed asset investments Listed investments are a fom ol bas￿ financial instrument and are inttl81￿ recognised at Ih&ir Iransact*)n value and subsequentty measured at their fair value as at the balarte sheet date using the closing quoted market price. The chanty does not WU1￿ put opt*)ns. derivatsves or other complex financkql instruments. As noted atx)ve the man fo￿ of financol risk faced by the chanty is that of volalility in investrnenl mar1(els due to wder eC(￿Qm￿ conditions, the attitude of investors lo investrr*nl risk, and thanges in sentvnent concerning investments and wlhin particular sectors. Investmentpropwves Prop8rties held for investment purposes a￿ included in these ￿0￿ntS at open market value. The Communty of St Mary the Virgin * Wantage 21 Principal accounting policies Year to 30 September 2025 Realised gains (or klssesl on invesbrenl assets are cakLtlated as the difference be￿een disposal proceeds and opening carrying vdue or their purchase value rf acquired subsequent to the start of the ffinaneial year. Unrealised gains and losses are calculated as the drfterence tr*tsveen fair value al the year end and carrying value at that date. Realised and unrealised investment gains {or losses} are combined in the statement of financÉal livitEs and a￿ ￿Orded in the year in ¥th￿h IW arise. Debtors Debtors 8re wnised al theÈr settlement amoun( less any provision for non-racoverability. p￿payrnents are valued at the aTh)unt prepaid. Debtors have been discounted to the present value ofthe fuiure cash receipt whwe such discounting is material. Cash at bank and in hand Cash at bank and in hand represents such accounts and instrument5 that are available on demand or have 8 maturity of ￿$$ than three months from the date ofacquisrtion. Creditors and provisions Creditors and provisp￿S are reco3nised when there is an obligation al the balance sheet date as a result of a past event, rt is prcijable that a I￿nsfer of economic benefft will be required in Settle￿￿nt, and the amount of the setuement can be estrmated ￿liablY. Credf(ors and prowsions are recognised at the anK)unt the chanty anticipates il VMII pay to settle the debt. They have been discounted to the present value of the future cash payment where $l￿h discounting is materBI. Funds Restncted funds comprise monies raised f(K. or with Iheir use restricted to. 8 specific purpose, or contributions s￿leCt to donor4mpos&J condit￿nS. Delails of Ihese funds are given in nole 14 to the accounts. The charity's funds inthde a number d ￿restrthd i￿Ome fu￿1$ which are available for applicatKJn towards the charty's cbjectrves gener81ty. Wrthin unreslrKied funds, the trustees have designated certain amounts for spe¢thc purposes and have identrfied those non-liquid funds represented by tangible fixe(J assets. Details of these funds are given in note5 15 and 16 to the accounts. Fo¥¢lgn ¢urr•n¢ios Income Te¢eived. and costs incurred, in foreign currencies are translated into Slerfing at the rale of exchange in force at the year ernl. This policy does not comply with FRS 102 but has been adopted lo avoid oVer-com￿x￿. The amounts invofved are not material. The Communty of St Mary the Wirgln at Wanta9e 22 Notes to the accounts Year to 30 September 2025 1 Income from: Donations and legacies Y8arto 30 Yearto XJ 2025 2024 PenSic￿S cthw itK))ff￿ of￿J1¥￿￿l Si8lersknfio ¥e rr£mber5 of¥￿ Commur¥ty 56.414 5.3 56,414 14.632 500 71.546 59,275 7,158 14,500 80.933 9.332 Lega(Jes 62,214 9,332 2 Income Irom: Investment Incom? and Interest receivable Year to 30 Yearto 30 fvrxls 2025 2024 79 65,no 2.065 67,874 1.507 62.675 1.807 65,989 Bank ir**est 67.874 For the year ended 30 Septemter 2tr25 all listed investments were held as shares in accumulation units rathw than I￿orne unts. 3 . Inctsme from: Rental and vlsltor Income Unrestricted thds Year to 30 Year to 30 Sèptember September 2025 2024 136.767 103,432 240.199 122,C09 95,668 217,677 4 Mlscollaneous incomg unrestr￿8￿ fijnds Year to 30 Year to 30 September September 2025 2024 Miwuaneous irK(me 365 The Communty of St Mary the Virgin at Wantage 23 Notes to the accounts Year to 30 September 2025 S Expendlture on: Charltable actlvltles Y9wr to 30 Ye¥to 30 UNe$bV￿ ReStr￿d Sèpt*nbor September 2025 2024 Convont staff wsts lTh)te 81 883.475 418.588 212.273 17T.171 .614 883A75 418.980 213,2ty) If7.171 91,972 19,640 1.804.428 877.534 397.Q24 163.643 176,978 84.137 18.622 1,717,936 rftwistrative aTrJ stmdryo)sts 1.358 1.801,771 2.657 A8SiSting other& in Unikd ￿l￿dI￿n arwj 24.750 25,750 38,813 1.801771 27.407 1.83Q178 1.756,751 6 Govgmance costs Unrestrict&l fvnd8 Year to 30 Year to 30 Sapt•mbgr SepternbeT 2025 2024 Audrt aThJ related fees (Tth 7) Trustee expenses ProfesshThl fees 19.650 15,500 41 1,750 17.291 19,650 7 Net movement in funds This is staled after charging.. Year to 30 Year to 30 S&ptÈmber September 2025 2024 staff {￿ts Inote 8) Jditoff s remuner*"on . Statutory audit . Accwnts prepar*"C￿ in rd*"cN) to the currgtt year . A(xx)urrts preparati[￿ in r￿ab"￿ to Jhe pr￿￿ Depreciab"( 8B3A75 877.534 16,150 1,51XI 2,000 177,171 15,500 176.978 The C￿lMUnIty of St Mary the Virgin at Wanlage 24 Notes to the accounts Year to 30 September 2025 8 Staff costs. tntsiees. remvneralion and remuneration of key management personnel staff costs duTIII9 the year were as follows". Yearto 30 Yearto 30 September September 2025 2024 Wages and salaries Soc3a sec￿nty ¢))sts Pension costs 765,8TI 67,726 49,872 883,475 794.558 66,e06 16.170 877.534 The avwagg headcount was 28.2512024- 33.01. The number of empbyees whose remuneration (salaries. W￿e$ and benefits in kind} exceeded £60,000 per annum was as folk)ws.' 30 8gptsmb¢r September 2025 2024 No. £70.(X)i - £￿.[￿0 The key managemerrt personnel in charge of directvig and managing the charity comprise the trustees {indLbJing the S￿r in Char9e) arKI the Steward. The total remuneration paid to key management personnel in 2025 was £87.526 (2024- £61.635). As a member of the Coftynunity. the liviNJ and personal expenses ￿ the Sister in Charge are bome by the charrty. The Sister in Charge receNes remuneration or reimbursoment ofexpenses in conneLtion with her duties as a m￿ber ofkey management personnel. Her living and personol expenses, wh￿h are bome by the charity, are consistent wrth amounts paid in respecl of other mwnbers of the Communty. None of the other trustees receiv&1 ary remuneration 41 connection with their dutie8 as trustees. No expenses {2024- £270) were revnbursed to trustees lexcluding the Sister in Charge. see above}. 9 Taxatlon The charity is not liable to income tax or corporation tax on ifwme derived its charilable act1wt￿s. as rt falls within the various exemptions available to ￿l$lered ¢harthes. The Community of St Mary the Virgin at Wantage 25 Notes to the accounts Year to 30 September 2025 10 Tangible fixed assets buh5r Uik¥nenl & fitbrYJs vd)ides Total CLxsk orvalualion At 1 ￿￿¢**2024 Pldrthy At 30 Septen**r 2025 14.WJ.131 30.524 463.80B 289.224 6.107 2.248 469.915 26.919 1877c*.082 38.879 26.919 16.808,961 15.020.655 291.472 6.¥25.6S3 8.094,999 15.020.656 469.915 291,472 26.919 7,713,962 8,094,999 26.919 15,BQ8.961 VaUa￿.cffi Ide6mad o)stl 469.915 291.472 At 1 (ktober 2024 Charge fcf the At 30 Sethn￿r 2025 730293 130201 8eii.494 350,240 19.932 370.172 212.455 27.038 239.493 26,919 1,319,907 177,171 1,497,078 26,919 At 30 Sept￿￿*r 2025 At 30 seplembeT2￿24 14.160.162 14259.839 59.743 51.978 76.768 14,311,883 14,480,17S 113.568 The net borth value of freehold land. buildings a￿1 improvements at 30 September 2025, consisted ot. 2025 2024 Freehokl knd Fieeh()td buiklings Freewd improvements 2.765,880 2,765,880 3.922,094 3.965.385 7,472,188 7,528,$73 14.160,162 14,259.838 AI 30 September 2025 there were no caprtal commrtments {2024- £nil). Thè freÈhokJ L8nd and buildtngs of the charity were revalued by its predece$w charity during the year lo 31 March 2018, basejj on a valuation performed by Green & Co in accordance with the appropriate sectK)ns of the Royal Institutw of Chartered Surveyors RICSI ValuatM)n Professk?nal Stsndards incorporating the International Valuation Stsfidards, Gh)bal and UK Edith)n. January 2014 (the 'Red Book,). The assets were transfefred lo the charity with effe¢t from 1 OctL*¥er 2019 and the 2018 valuation net of accumulated depreciation was taken as being refiectNe of their fair value as al that dale and their deemed cost going fc¥wards. Additions are recorded al cost. The Communty of Sl Mary the Virgin at Wantage 26 Notes to the accounts Year to 30 September 2025 11 Investments AI 30 September 2025 frxed asset investments cwipriwl: %>25 2024 Freehdd inwtrnent prot*rties Listed inethents cash for rtrinvesbnent 2.640.t)I)0 2.640.000 12,338A72 13.852.CE1 14978A72 16,492.061 th the exception of the protwty reclassified as an investment property in the year ended Septemter 2022 (cost Of£1,(￿.000}, the maiorsty of investrnent propertyas were purchased or constructed by the chanty's predecessor charty very many years ago and no rdiable record ol their original cost Can be found. However, it is believ￿ that the hislorscal cost wwld have been negligible. The trustees are of Ihe opinion that the inability lo disclose information relating to the historica cost of these properties does not detract from the understsnding of the 8Lcounts. All freehokj investment properties were fomiaty valued on an open marf(el basis as at 30 September 2025 by Tim Green MRICS. RICS Registered Valuer on behaEF of Green & Co (Oxford} Limited. The valuation wa$ ￿rrIed out in accordance wf(h the Intemational Valuation Stsndafjjs (IVSI and in a¢Gordan¢e with the Current RICS Valuation PfaclKe standards tthe Red Book). The Trustees have assessed whether there have been any material movements since this date and have concluded that there have not been any. Mov￿￿ents on freehoky inveslmenl propertw are SLmmarised belry4V.' Y￿rt0 30 Year tr) 30 Sgptember S*mber 2025 2024 Value at 1 Ortober *r24 Sale of proF Value at 30 SeptanL*r 2025 1640,000 2.905,000 126S,0001 2.840,000 1640,000 MoV￿entS on listed imiestsments are summarised belthy: Yearto 30 Year to 30 Sèptsmber September 2025 2024 Market value at 1 (ktoter 2024 14850.394 12,928,424 Disposals at bc*)k vajue Iprcteeds'.£1,4C().(£Q. ￿re￿ised k)ss.' £13.W21 11.413.992> 1778,0681 Net unreatised Oosses} gains 199.676) 1,700,038 Markèt V81uè at 30 September 21T25 11336.726 13,850,394 1.747 1,668 11338,473 13,852,062 Cost oflisteil irNestrnents at 30 Septemtw 2025 61439 8,858,978 The c￿￿￿nty of St Mary the Virgin al Wanlage 27 **Notes to the accounts** Year to 30 September 2025 All listed investments were dealt in on a recognised stock exchange or on an active market with readily available quoted prices. Listed investments held at 30 September 2025, comprised the following: ||**2025**
**£**|2024
£| |---|---|---| |Pooled investment funds
Cash held by investment managers|**12,336,725**
**1,747**|13,850,393
1,668| ||**12,338,472**|13,852,061| The following holdings in pooled investment funds were the only significant holdings at 30 September 2025: ||**At 30**
**September**
**2025**
**£**|**% of**
**investments**| |---|---|---| |CBF Church of England Investment Fund Accumulation
CBF Church of England Global EquityAccumulation|**7,302,662**
**5,034,064**|**59%**
**41%**| The asset allocation of the pooled investment funds at 30 September was as follows: ||**Allocation**|**Allocation**| |---|---|---| ||**2025**|
2024| |UK equities
Overseas equities
Cash and liquidity
Property
Other|**8.47%**
**62.22%**
**1.82%**
**4.62%**
**22.87%**|
9.1%

62.3%

2.4%

3.9%

22.3%| ||**100.0%**|
100.0%| ## **12 Debtors** ||**2025**
**£ **|2024
£| |---|---|---| |Prepayments
VAT recoverable
Other debtors|**36,420**
**—**
**27,543**|34,597
2,366
17,237| ||**63,963**|54,200| Included within other debtors is a bad debt provision for £9,000 (2024: nil). The Community of St Mary the Virgin at Wantage **28** **Notes to the accounts** Year to 30 September 2025 ## **13 Creditors** ## **a) Amounts falling due within one year** ||**2025**
**£**|2024
£| |---|---|---| |Expense creditors
Taxation and social security
Grant commitments
Accruals and deferred income
VAT Payable
Creditors in respect to tangible fixed assets|**37,953**
**18,550**
**11,000**
**19,169**
**7,432**
**—**|39,955
15,094
35,000
17,426
—
30,043| ||**94,104**|137,518| ## **b) Amounts falling due in more than one year** ||**2025**
**£**|2024
£| |---|---|---| |Grant commitments|**—**|15,000| ## **14 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trusts to be applied for specific purposes: ||At
1 October
2024
£|
Income
£|
Expenditure
£|Transfers
£|**At 30**
**September**
**2025**
**£**| |---|---|---|---|---|---| |CSMV Associates fund
CSMV Oblates fund
Wantage Overseas fund|7,544
22,497
43,290|
1,703

2,069

5,560|
(1,767)

(862)

(24,778)|—
—
32,220|**7,480**
**23,704**
**56,292**| ||73,331|
9,332|
(27,407)|32,220|**87,476**| The specific purposes for which the funds held during the year and at 30 September 2025 are to be applied are as follows: - ♦ The CSMV Associates fund is used for the instruction and support of CSMV Associates. - ♦ The CSMV Oblates fund is used for the instruction and support of CSMV Oblates. - ♦ The Wantage Overseas fund is to support continuing charitable work in India and Africa. Transfers from unrestricted funds represents funds allocated by the trustees to support this fund. The Community of St Mary the Virgin at Wantage **29** Notes to the accounts Year to 30 September 2025 15 TaDglble fixod asset ￿nd Yearto 30 Year to 30 S•ptèmb•r September 2025 2024 At 1 Oclober 2024 Net movement in period At 30 Septembef 2025 14,450.175 14,554.028 {138,292) 1103.8531 14.311,883 14,450.175 The tangible fixed assets fund represents the net book value of the charity's tangible fLxed assets. A decision wa5 made to separate this fund from the general fund of the charty in recognition of the fact that the tangible fLxed assets are essential lo the day-to-day Work of tho charity and as such their value shoukl not be ￿2rde￿ as fijnds th* would be realisable with ease to meet ftrture contingencies. 16 Designated lund The income funds of the charity include the follThving designated fund set aside out of unrestricted funds by the trustees for a specthc purpose: At30 September 2025 1 Cklrter 2tr24 Released designation Sisters. eare fuThJ 4,0￿,[￿) 4,(M)0,￿o The Sisters, care fund consists of monies whi¢h the trustees have set as#Je to ensure suffiaenl funds 81e afrways availabk to the Sislers lo conlinsje their life in communty and to care for them as they grow older. The trustees have Tecentty undertaken a detailed review of the basis for calculating the reserve, taking account of the relatively high and increasing costs of provKling care and the Cu￿ent number of Sisters. The value of this fund will continue to be reviewed annualty using actuarial princples. 17 Analysis of net assets between funds Fund bdances were represented by the followtng assets and liabilities". Tangible fixed assets and At30 Generdl designated Restricted September fvnd funds funds 2025 Tangible fixeil assets Investments Net cijrrent (liatxlittesll assets Lthiliies more than year Totsl net as¥èts 14.311.883 4,orJ).cKK) 14,311,883 14,978,472 38,615 10.978,472 148,8611 87.476 10.929,611 18.311,883 87.476 29.326,970 The c￿nmunty of St Mary the Viryin at Wanlage 30 Notes to the accounts Year to 30 September 2025 Tang￿[6 fixed At General desgnated R&s(ricted September fvnd funds fvnds 2Q24 Tan￿"ble fixedassets Inv&slments Ne1cu￿an1 I1￿1￿￿eSya889ts Lithhts"es mtx? than w year rot*net assets 14.4x1, 175 4,0￿,&)? I4,4￿.?75 16.492.067 (34,321) (15,0￿) 73.331 30,892,915 12.492.(67 (107.652) (15.<￿} 12,m),4C 73,331 I8.4￿.175 18 Ultimale ¢ontrol The charity is controlled by its members who comprise the trustees. The liabilty of the memters is limited. If the charity is wouTrJ up, the ￿￿MberS have no Irabilty to contribute lo its assets and no personal reswjnsibilty for settlirrtJ its debts and liabilthes. 19 Related partles Trustee expenses are dis¢SowJ * note 8. During the financk41 year. one trustee made a voluntary and unrestr￿ed donation of £100 to the charty. Apart fr￿n ths donation. there were no other related party transactions in the year12024- none). 20 Post Balance Sheet Events There were no post balance sheet events. The Corrlnunty of St Mary the Virgin at Wantage 31