Parish of Bibury with Winson and Barnsley
Trustees’ Annual Report & Financial Statement of the Parochial Church Council For the year ended 31 December 2025
The Parochial Church Council of the Ecclesiastical Parish of Bibury with Winson and Barnsley is a registered charity with Charity Number 1185185
Contents
| Contents | |
|---|---|
| Objectives and Mission | 3 |
| Legal and Administrative Information | 5 |
| Churchwardens’ and other reports for 2025 | 7 |
| Financial Review | 10 |
| Independent Examiner’s Report | 11 |
| Receipts and Payments Account | 12 |
| Statement of Assets and Liabilities | 13 |
| Notes to the Accounts | 14 |
Page 2
Objectives and Mission
The main purpose of the PCC is defined in the Parochial Church Councils (Powers) Measure 1956 as “to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.” The PCC also has responsibility for the maintenance of the churches of St Mary the Virgin, Bibury; St Michael and All Angels, Winson; and St Mary the Virgin, Barnsley.
There are so many people who give of their time, assets and money to ensure that our churches are open and available to all, and to ensure their daily flourishing. Without those who do the most obvious high profile things ‘at the front’ to those who faithfully wash tea towels and altar linen, clean the brass, care for the clocks, turn on the heating, clean up candle wax the church is a living embodiment of the body of Christ in action and mutual interdependence.
An enormous thank you to all and especially to Neil Spurrier as he stands down as Lay Chairman at this APCM.
Diocesan LIFE Vision
As part of the Diocese of Gloucester, we are committed to the diocesan LIFE vision articulated by Bishop Rachel in 2021, with five commitments:
Leadership – Committed to Transformation
Imagination – Opening New Pathways to Faith
Faith – Living as Adventurous Followers of Jesus Christ
Engagement – Living out Christ’s Love and Hope
Five specific areas have been identified as priorities:
-
Nurturing everyday disciples
-
Developing diverse lay and ordained leaders
-
Investing in people and programmes which excite young people to explore and grow in faith
-
Being advocates for flourishing through initiatives which combat injustice, environmental destruction, exclusion and isolation
-
Encouraging new and courageous ways of worshipping in different places which connect with more people
The LIFE Vision in Our Local Context
When this vision is applied to our local context, the following commitments are most evident across Bibury, Barnsley and Winson:
Page 3
Leadership : Jackie Colburn’s ordination and our partnership with Windrush, together with Jan de Haldevang’s recent ordination, Richard Witham’s training, Neil Spurrier’s leadership, and three others involved with the discernment process, whilst new lay leaders emerge – all testify to our commitment to grow locally rooted, sustainable and varied leadership. There is a part for everyone to play. The Body of Christ metaphor is apt: all are needed.
Imagination: Our commitment to our local school, holiday clubs, Sportily and our leadership in placing schools – and by extension the wide network of stakeholders they include – at the centre of our ministry in the South Cotswolds remains the centrepiece of this aspiration: ‘The Child at the Centre’. Farm Church is another expression of this vision being worked out.
Faith: Our teaching and preaching ministry is central to our mission, with the weekly reflection reaching over 700 recipients. Faith is built through long-term commitment, by example and by active care and nurture. Our model of leadership seeks to provide exactly that: long-term care, deep relationship and nurture. The monthly prayer gathering is an important place of formation; it has taken many years to become established.
Engagement : Weddings, baptisms and funerals represent a key part of our engagement with the wider community and reflect our self-understanding as links in a chain. Our ministry to visitors is equally important: our church buildings – Bibury in particular – act as a tangible expression of faith, prayer and welcome to tens of thousands every year. Events such as BibLit and the Paul Hobbs Exhibitions are further means of welcoming and including.
Our churches see themselves as belonging to the whole community: places of hope, welcome, love, care and gentle challenge, enquiry and questioning. We are here for everyone.
Our environmental concern is expressed through championing our farming community, Eco Church, Beating the Bounds, the annual Sir Crispin Tickell Lecture, and our focus on cherishing God’s creation, among other things.
“I have come that you might have life and have it in all its fullness.” – John 10:10
Our churches exist to make life better for all by seeking to establish and point to expressions of the Kingdom of God. As C.S. Lewis wrote: “The Church is the only club that exists for the benefit of its non-members.”
Tim Hastie-Smith DL Incumbent
2026
Page 4
Legal and Administrative Information
The PCC met four times during the year. Between meetings, business was transacted by the Standing Committee of the PCC.
At the Annual Parochial Church Meeting held on 9 May 2025, the electoral roll stood at 219 members.
Members of the PCC during 2025
Members who served during the year are listed below. Those marked † are members of the Standing Committee.
| Name | Role |
|---|---|
| The Revd Tim Hastie-Smith DL† | Chairman and Incumbent |
| Mrs Jackie Colburn † | Priest and Deanery Synod Representative |
| Mr Neil Spurrier † | Lay Chairman |
| Mrs Deborah Ballinger † | Secretary |
| Miss Caroline Hastie-Smith † | Churchwarden, Bibury |
| Mrs Lavinia Sidgwick DL† | Churchwarden, Winson |
| Mr Dominic Spacie † | Churchwarden, Barnsley |
| Mr Matthias Hauger | Parish Safeguarding Officer |
| Mr Alex Forrester † | Treasurer (from 30 September 2025) |
| Mr Charles Kiwan-Taylor | Treasurer (resigned 30 September 2025) |
| Mr John Haiste | Assistant Treasurer |
| Mrs Angela Alderton | Village Hall Representative |
| Mrs Joanne Hastie-Smith | PCC Member |
| Mrs Dana Kinder | PCC Member |
| Mrs Jane Sacchi | PCC Member |
| Mrs Verena Chalk | PCC Member |
| Mrs Ann Haigh | PCC Member |
| Mr Andrew Edward | PCC Member |
| Mrs Karnie Browne | PCC Member (resigned 30 September 2025) |
Page 5
Administrative Details
| Full name | Parochial Church Council of the Ecclesiastical Parish of Bibury with Winson and Barnsley |
|---|---|
| Charity number | 1185185 |
| Church locations | St Mary the Virgin, Bibury (next to Bibury Court); St Michael and All Angels, Winson (centre of village); St Mary the Virgin, Barnsley (centre of village) |
| Registered address | The Dower House, Barnsley, Cirencester, Gloucestershire, GL7 5EF |
| Electoral Roll Officer | The Revd Tim Hastie-Smith |
| Health & Safety Officer | Vacant |
| Trustees for Church Lands Charity |
Vicar and Churchwardens |
| Independent Examiner | Mr Adrian Sellars, Wenmans House, Barnsley, Cirencester, GL7 5EH |
| Wedding Co-ordinator | Mrs V Smith |
| Bankers | National Westminster Bank Plc |
| Cover Photo | Oswald Bertram |
Page 6
Churchwardens’ and other reports for 2025
St Mary the Virgin, Bibury
-
Normal maintenance was carried out over the year, including cleaning of gutters and drains and weekly upkeep of the churchyard.
-
Several visits were made in addition to the annual service from Ramtech, the heating engineers, as the boiler is deteriorating. We are awaiting a firm quote to replace the heat exchanger, estimated at approximately £5,600. The boiler itself will require full replacement within five years.
-
The front gates were replaced in 2025; the old ones having rotted.
-
Work was carried out on the exterior wall on the south side of the west end of the nave: badly applied and cracked pointing was hacked out and replaced with proper lime mortar.
-
New refuse storage bins have been installed by the front gate to improve the appearance of the entrance area.
-
The church is considering new storage cupboards at the back to improve tidiness.
-
A defibrillator has been installed in the Vestry for use at church and school events.
-
Two Goodbox contactless card readers have been installed: one by the front door and one on the table of pre-loved items for sale.
-
A ‘Service in Progress’ sign is now displayed on the front door during Sunday services (11am–12 noon).
St Michael and All Angels, Winson
-
Winson church continues to hold a Holy Communion service once a fortnight, which is attended by a few village residents.
-
In 2025 we hosted a Harvest Festival service and a carol concert both of which were well supported and enjoyed. In 2026 we have the christening of one of our resident’s grandchildren which will be a joy.
-
The internal roof has been cleaned.
St Mary the Virgin, Barnsley
-
Under-pew heating has been installed.
-
Maintenance costs included mowing and tree trimming in the churchyard.
-
The floodlights have been restored and will be used on specific dates.
Page 7
Deanery Synod report 2025
It has been an exciting year in the Cirencester Deanery which has seen the first major actions identified in the Deanery Strategic Pathway (DSP) take place. After years of meetings and Parish consultations the DSP is now the major document which will inform Deanery strategy over the next ten years. The most notable of these actions is the recruitment of a Deanery Operations Lead. Emma Anderson joined us at the end of the year and has energetically addressed the formation of this new role. Two other DOLs were appointed shortly after Emma (in Gloucester and Wotton) and they work well together as a team. We enjoy good support from the Diocese and there are regular meetings with David Evans and the Leadership Teams to monitor the successful development of the DOL role.
We have had, and still have, many vacancies in the Deanery and due to illness Graham Morris and Andrew Cinnamond stepped back from being our Area Deans. They are both back to health and now working again. Jackie Colburn is currently the Area Dean, working closely with Emma and Lay Chair George Collins in the Deanery Leadership Team – with valuable support from Tim H-S. Luke Falvey from Cirencester is Assistant Area Dean.
Vacancies in CHQs, Ampneys, Kempsford, Thamehead, Churn Valley and Ermine West have stretched many, both lay and ordained, particularly those involved in the running of their churches. Gradually these posts are being advertised and filled – with three Licensing’s in early 2026. The lay commitment in these areas illustrates the importance of collaborative ministry in the Deanery. Lay Worship Leadership training will be run, once again, by Andrew Cinnamond in 2026, dates to be announced. Deanery reps will know when these are scheduled. Archdeacon Katrina attended the October Synod and discussed Parish Share.
TODS (The Old Department Store) formerly known as ‘The Monastery’ is open to all in the Cirencester Marketplace. We urge everyone to drop in when they can and support this visionary project.
We also urge people to consider becoming a Deanery rep. for their parish – there is much to do and it is vital to hear the Parish voice, that’s what we’re here for! You might only want to serve a short term – but do please consider being involved in protecting the future of the churches in our Deanery.
Revd Jackie Colburn
Ecumenical Links
We continue to host a monthly village prayer meeting that brings together members of the Anglican, Baptist and Catholic communities.
Lay Leaders
Neil Spurrier regularly leads worship at Bibury, Barnsley and, occasionally, Winson. A large team leads intercessions at Bibury. Jackie Colburn was ordained as Priest on 18 May 2025.
Page 8
Bibury Primary Church of England School
The Church continues to enjoy outstanding relations with the school, which conducts its Collective Act of Worship in St Mary’s Bibury several times a week. Members of the church team (Jackie, Tim, Richard and Chris Saunders, the team youth worker) lead worship on a weekly basis. And lead services for all the major moments in the church/school year (Harvest, Christmas, Easter, End of Year etc) The school also joins the main congregation for a few services each year such as Harvest, Mothering Sunday and Remembrance.
The school holds its annual fete in the churchyard and Tim serves as a Foundation Governor.
The school remains small, but in excellent heart providing an outstanding Christian education, often providing a safe educational environment for vulnerable children.
The Head, Suki Pascoe, is Executive Head of North Cerney (with which the Governing Body is shared) and Withington.
The team conducts Collective acts of Worship at North Cerney and Hatherop Schools during clergy vacancies, as well as providing support for Ampney Crucis and Down Ampney Schools. We have also provided Interim Foundation Governors for Ampney Crucis, Hatherop and Down Ampney.
We remain committed to placing our church schools at the heart of our mission and ministry and are devising a strategy for engaging with Sportily, the diocesan children and youth project, to work with all our schools in the South Cotswolds Team and Windrush.
Occasional Services
The registers for St Mary’s, Bibury, St Mary’s, Barnsley, and St Michael’s, Winson, record the following for the year 1 January to 31 December 2025 covering all three churches:
Weddings (16 inc. 2 Blessing), Baptisms (7) and Funerals (5).
Page 9
Financial Review
Total receipts for the year were £145,677 which was £71,163 lower than in 2024. This was primarily because one significant grant which had been recurring was paid in January 2026 rather than during the calendar year 2025.
Costs in 2025 were £275,309 which was £37,838 more than in 2024 and this increase arose primarily because of extra maintenance and minor repair costs.
Overall, the net outflow in 2025 was £129,642 which was £112,978 more than in 2024.
The performance of the funds managed by CCLA was disappointing and the Trustees are monitoring closely the performance of CCLA now that it is under new ownership.
The Trustees are taking steps to reduce the outflow in 2026. This will be assisted by the renewal of the recurring grant for which the Trustees are grateful. In addition, a close watch will be kept on recurring expenses, and the Trustees expect to establish during the year a Friends of Bibury Church group with the intention of growing stewardship giving.
The full receipts and payments account for the year ended 31 December 2025 is set out in the accompanying schedules, together with a statement of assets and liabilities.
Page 10
Independent Examiner’s Report
To the trustees of the Parochial Church Council of Bibury with Winson and Barnsley
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of Independent Examiner's Statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Adrian Sellars April 2026
Page 11
Receipts and Payments Account
| ceipts and Payments Account | ceipts and Payments Account |
|---|---|
| !"!# !"!A |
|
| %C'CE)G+ | |
| !""ABCDEFGHEIE-.LIGMNLOP4.!P- RSTSS8 VTWV; YPHP-E=->?@=.EIE>. ABTSAV RST;VW CM=-DBP>P=NaHE=.> RTE;; E @=FGcE4IGcdIGeEI.PE> ;EE VT;;A OPHP=N E fG""EF.PG=>B.gEIHPFE> hBThRW hATEA8 i.LEIOPHP=N?YG=B.PG=>jkG=jDEFMIIP=N VSTVAA RTBAV i.LEIOPHP=N>?YG=B.PG=>jDEFMIIP=N hSE SBTSVE ABCa44PFPE=.d"B==E-OPHP=N VWTAAB VSTAhB ,-G./NE2E34 RST!R8 SS8T9:: lENBFPE> BBTRS; AG.B"dBIGFLPB"CEE>@=FGcE h8 WT8B; lGB=>IEFEPHE- hTEEE |
|
| ABCa44PFPE=.d"B==E-OPHP=N ,-G./NE2E34 lENBFPE> |
|
| RST!R8 SS8T9:: BBTRS; h8 WT8B; hTEEE |
|
| AG.B"dBIGFLPB"CEE>@=FGcE | |
| lGB=>IEFEPHE- | |
| ,-G./,;<3-2C< =-+G->?./C+ |
SA9T#S" !SRT!8S |
| CM=-DBP>P=NfG>.> | ;Ah E |
| ,-G./=-+G->?./C+ | 8A: " |
| ,-G./3CG<C'CE)G+ | SA#T99R !SRT!8S |
| @ABE3E+G<.GE2C=-+G+ | |
| @ABE3E+G<.GE-3 !-cP=P>.IB.PG=fG>.> VATSRS V;TVVV a=.EI.BP=cE=. ;TB;W dG>.BNETCIEPNL.?fGMIPEI S AE"EeLG=E?@=.EI=E. BRB AIBHE"jkB.PG=B" VETR8W ,-G./@ABE3E+G<.GE-3 hATERB V;TVVV =C;<'C=-+G+ fLMIFLmBI-nBP=.E=B=FE VVTBW8 hTWR; fLMIFLDM==P=NECeE=>E> 8VT8Wh f"EB==NjfLMIFLE> RTB8E @=>MIB=FE STBRW SThSA lPNL.TdGoEITpEB.P=NjfLMIFLE> VWTSB; nBTGIDEeBPI>rDE-EFGIB.PG=.GfLMIFLsMP"-P=N AhTVWS hBTEEE nP=GIDEeBPI>rDGM.P=EnBP=.E=B=FEjfLMIFLE> RRTWhR nM>PFfG>.> hTBB; i.LEIfLMIFLaCeE=>E>rdIGHP>PG=G4gEIHPFE> hVTESR ,-G./=C;<'C'-+G+ VAVTVER VV8TE;B NE2E34 fLP"-IE=rtGM.LuGIvfG>.> SSW RTS8S dBIP>LgLBIE hVTEEE hETEEE YG=B.PG=>rOIB=.>.GfLBIP.PE>?nP>>PG=OPHP=N VETERh VTRhR ,-G./NE2E34 AVTSWR hhTWE; =/C<4aEc)C3+C+ f"EINmaCeE=>E> VTVWE RVTV;V f"EB=P=NjwPFBIBNE VTWRB lPNL.TdGoEITpEB.P=NjwPFBIBNE SThEV nP=GIDEeBPI>rDGM.P=EnBP=.E=B=FEjwPFBIBNE RTSh; wPFBIBNEFG>.> VSTE;A RATS;h ,-G./=/C<4aEc)C3+C+ R;TVhW ABT;SA |
|
| dB>.GIB"fBIE VATAEE VSTAEE |
|
| i.LEIaCeE=>E> VT8Bh |
|
| dBIGFLPB"CEE>DEcP..B=FE.GYsC 8T;ER |
|
| dBIGFLPB"CEE>DEcP..E-.GwP>P.P=NnP=P>.EI hTR8S hTVEh |
|
| gM=-ImaCeE=>E> hTVRV |
|
| lGB=IEeBmcE=.> hTEEE |
|
| ,-G./@ABE3E+G<.GE2C=-+G+ !R#T:"d !:RTAR" |
|
| eCGf-;G4-E34ghE3'-BE34<C+-;<'C+ fS!dT9A!g fS9T99Ag |
Page 12
Statement of Assets and Liabilities
D(F+"F,D(F+"F,.
| !""#A%C | D(F*+"F,- | D(F*+"F,. | |||
| L0N+2!44+C4 | |||||
| 56%T089+!44+C4 | |||||
| !"#ACDD(DF | G+IJ+++ | G+IJ+++ | |||
| 5#C6956%T089+!44+C4 | (:D;::: | ||||
| 5#C69L0N+2!44+C4 | (:D;::: | (:D;::: | |||
| <A==+%C!44+C4 | |||||
| <64>6C86%?6%20%>6%2 | |||||
| ."L#DM(NO3LL(#FC44R3#FS#L(DFLT4F(A | U9+WII | ||||
| .T;3LNO<3L4<=RD(>3#A?O3LL(#F=(DFLT4F(A | GJ@9IWG@ | ||||
| .T;3LN>(F(C44R3#FA(DTB#"F(A | @CaW9C | ||||
| b"Fc(DFO3LL(#F | IaJdC@WCG | ||||
| 5#C69"64>6C86%? | .(;@(@ | ddJIeI | |||
| <<A!BA%24 | |||||
| *+C#40C6""#A%C4 | |||||
| ."L#DM(NOO!CA(IRDTFC44R3#FgGAhg>";LT4h=(DFLT4F(A | GCJIIGWee | ||||
| ."L#DM(NOO!CA(IRDTFC44R3#FgUAhgiLB"#h=(DFLT4F(A | eJUCaWCC | ||||
| .T;3LNOO!C>L((=(D(LM(A(IRDTFgUAhS#L(DFLT4F(A | GdJCdUW9C | ||||
| .T;3LN>";LT4OO!CA(IRDTFgIAh=(DFLT4F(A | UGJUUUWG@ | ||||
| 5#C69<<A!2+C#40C6""#A%C4 | a:;aba | @+J@d9 | |||
| k#M(DFl(#F"44R3#FD | |||||
| CLF<3Lm(M(L#nL3DFgOik>I@9UIh=(DFLT4F(A | UIJG+CWaa | ||||
| ."L#DM(N?mTLop3DBL"M(=(DFLT4F(A | UJGedW+@ | ||||
| ."L#DM(N?TTMMT"lTTD(=(DFLT4F(A | GJ9GaWe@ | ||||
| .LTBDFR4r(>3#AgGmh=(DFLT4F(A | G@@JGUGW9U | ||||
| O<3L4<!"#AD"#AOMR4rO<"LTFT(DgOik>UCaIUhA(DTB#"F(A | UJC+GWeC | ||||
| >";LT4=(D(LM(>3#AgImh=(DFLT4F(A | @@dJa@GWd+ | ||||
| >L((=(D(LM(>3#Ag@mhS#L(DFLT4F(A | Gd+JCCeWae | ||||
| s(#(L"M=(D(LM(>3#AgUmh=(DFLT4F(A | UdeJaa9W9U | ||||
| pRMMT(A"MTD>3#Agemh=(DFLT4F(A | UGaJe++WUI | ||||
| mTLORMT#OLRc(>3#Agdmh=(DFLT4F(A | d9JdI9W99 | ||||
| 5#C69<<A!0%c+4Cd+%C6""#A%C4 | (;D@.;e@: | GJ@aaJdU@ | |||
| 5#C69<<A!BA%24 | (;.--;.ee | (;a.@;@e, | |||
| 5#C69<A==+%C!44+C4 | (;.@e;D@a | (;a@.;DD- | |||
| <=+20C#=4f6d#A%C4B6990%T2A+g0C>0%#%+h+6= | |||||
| C44L3"MD | 9JI+C | GGJ9IC | |||
| 5#C69<=+20C#=4f6d#A%C4B6990%T2A+g0C>0%#%+h+6= | e;D:b | ((;eDb | |||
| i+C<A==+%C!44+C4MA068090C0+4k | (;.@:;:bb | (;ab,;-@e | |||
| 5#C69!44+C49+44<A==+%CA068090C0+4 | (;-@D;:bb | (;eb-;-@e | |||
| i+C!44+C4 | (;-@D;:bb | (;eb-;-@e |
Page 13
Notes to the Accounts
1. Basis of Accounting
These accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011 and the Charity Commission’s Receipts and Payments Pack (CC16) and the Church Accounting Regulations 2006. They record actual cash received and paid out during the year ended 31 December 2025.
2. Comparative Figures
The comparative figures for the year ended 31 December 2024 are shown for information. Certain items have been reclassified between categories to better reflect the nature of the expenditure; the totals are unchanged. Clergy expenses previously shown as a separate category have been reclassified: vicarage occupancy costs remain under ‘Clergy and Ministry Support’ and elements of general administration have been moved to ‘Administration and Support Costs’.
3. Related Party Transactions
During the year no trustee received any remuneration or benefit in kind from the charity save for those items mentioned under Clergy Expenses and Pastoral Care. Trustee expenses paid during the year are included within the relevant expenditure categories. It is the policy to reimburse the Vicar’s expenses in full. Expenses cover travelling, telephone, stationery, postage, entertaining and some gardening assistance and in addition a proportion of the utility costs of the vicarage.
4. Reserves Policy
It is the policy of the PCC to hold general and unrestricted funds in reserve equal to at least one year’s expenditure. Expenditure in 2025 was £275,309 and funds in the general and unrestricted reserves at the end of 2025 were £402,997. The trustees review the adequacy of reserves annually.
5. Accounting Policies
(a) Investment assets are shown at market value as at 31 December 2025.
(b) General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for the general purposes of the PCC.
(c) The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
(d) Fixed Assets: consecrated property is excluded from the accounts by the Charities Act. No value is placed on movable church furnishings held by the Churchwardens on trust for the PCC and which require a faculty for disposal. All expenditure incurred during the year on
Page 14
consecrated buildings and moveable church furniture is written off in this Annual Financial Statement and separately disclosed.
(e) Short-term deposits include cash held on deposit either with the CCLA (CBF and COIF) funds or with National Westminster Bank.
(f) The receipts and payments account excludes internal transfers between bank and deposit accounts.
Investment Funds – Restricted Funds
The Sir Colin Crowe Fund
Held in a CBF Investment Share Account. Sir Colin died in 1989 and in his Will left a bequest of £10,000 to the Vicar and Churchwardens upon trust for the PCC to invest the capital and to apply the income towards the upkeep of the graves of Sir Colin and Lady Crowe, with the remainder applied to the maintenance, repair and improvement of Bibury Church, its cemetery and churchyard. Income from this fund is accumulated in the Fabric Reserve Deposit Account.
The Church Lands & Church Clock Charities
The assets consist of 15 acres of freehold land and COIF Investment Shares, held under a Scheme approved by the Charity Commissioners. The Trustees are the Vicar and two representative trustees appointed by the PCC for terms of four years. The income of the Church Lands Charity is for the maintenance, repair and insurance of the fabric of Bibury Church and its furniture. The income of the Church Clock Charity is for the maintenance of Bibury Church Clock. Income is transferred to the National Westminster Bank Bibury Restricted account.
The Mollie Davis Fund
Held in a CBF Investment Share Account. Molly Davis died on 1 August 2001 and in her Will left £100,000 to the PCC of Bibury with Winson for the general purposes of the church of St Michael, Winson, as a place of worship, to be utilised to help maintain regular services. The PCC, in November 2001, decided that the capital of the fund should be treated as a permanent endowment and the income applied to the maintenance of services. Income is transferred to the Free Reserve Deposit Account.
The Brigstocke Fund
Held in a CBF Investment Share Account. The late Mr Reginald Whish Brigstocke died on 16 December 1971, leaving the residue of his estate to the Vicar and Churchwardens. The PCC decided in 1972 that the capital should be treated as a permanent endowment, the income to be applied to expenditure of a capital nature only (not to defray recurrent expenses), provided that any accumulated income surplus to the PCC’s needs may be applied for charitable purposes. Income is accumulated in the General Reserve Fund.
Page 15
The Arthur Severn Fund Held in COIFlnvostment IneDme 5hareB. Mr 5EVeTn died in 1947, leaving a beque$i tiiat thereBidue of his estate be U3od IOT the maiThtQilance ana TepaiT ol BibuTy ChuTch and thuTthyaTd. The yaT and Churchwaraens arE the Tru61e2$. In¢Drne is transferred to the Nèknnal WestThinstÈr Bpnk Bibury kestrictcd aecount. The Fabric Ftsnd Held in parl in a CBF Inve5tmeftt Sh?Te Acrounl IFabrit Reserve) and in part in a CBF Deposit Aecount (Fabric Reserve Deposill. ExpendIre i5 re4tricted to the maintenance, paiT and jinprovement ofBibury and Winsott ehuTthes, thurchyaTds and ceTnetery. Jncludes t¢mPOTary and long-tenn sub-h]nds as TeqtiiTed foT Specific puT09es OT PToject5. Dividends of tiie Fabric ReseTve ate reinvested in the fund. General Rt5er¥t Fund Held in a CBF InvestFnent ShareAccount.consistsofaeeLJmuladIcrnetsD theBrigstockeFund and surplus cash allocated by the PCC fvom other SOUTtrS fro time to time. ExpenditUTe is restricted to itemsof a capital natUTeor forchaTitablepurposes.Dividends #te reimvestedinthetund or transferred to the National Westmin5teT Bank. Bibury ChuT(h Rose Fund Set up by parishioners for the provision and Maintenan of the skndard rose tree5 in Bikniry thurchyard. Monies ate held in National WestminsterBank accowits. Investment Funds- Unrestsicted Funds The Flee Reservt FuDd Held in CBF Invesknent Share ana Deposit aecounts and as tasb at National Westminster Bank plc CBF dividends are reinvested in the fkmd or trdnsfetred to the National WestmiD8terBank. Connetted Funds Musgrave and Wise Funds IBamsleyl Setup in the Isth and 19thcenturies to PTovide coalto the poor ofthePatish ofBam8ley.The lomer Bamsley PCC assumed the role 0£tstee approximately nine years ago OD the advitr ofthe Charity Co]Junission, due to the modest value of the funds. The eapital ts invested in COIF funds and the income is Lyedited to the Barnsley Cur ccount. Approved by the trustees edon eirbehalf-. Dale.. Signed: Name IpTiTitI.' l)osition'. Pab)L, 16