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Costessey PCC
Financial Statements for the Year Ended 31st December 2025
Financial Report
Overview
The Exodus and Peal Boards at St Edmunds were restored. Grants for this work were obtained from Church Building Council £2,500; Cleary Fund £2,500; Morris Fund £2,000 and Paul Cattermole Fund £360.
Solar panels installed in 2024 are now generating a small income in the winter months which is expected to increase in the summer with more sunshine.
The kitchen upgrade was completed during the year and two successful parish lunches have been enjoyed.
Stay & Play is going from strength to strength and remains self-sufficient all thanks to Jackie and the team .
Receipts
Total Income for 2025 was £93,842.(2024 £106,232). This is a decline of 12%. This is mainly due to there being no designated Gift Day. £8,975 was however gifted through one off givings by parishioners (2024 £33,944 specifically for the St Helens roof replacement.)
Planned Giving was £55,786 (2024- £44,152) This is an increase of 26% and folows from an appeal from James at Vision Sunday earlier in the year for parishioners to review their giving.
Gift Aid received £10,736 (2024 - £10,712).
£30,800 (2024 £29,951) was received in donations and gift aid to cover salary costs.£23,400 of his was transferred to the Deposit Account.
The Deposit Account balance at 31/12/25 is £87,274 (2024 £86,401)
The fund for the refurbishment of St Helens stands at £5,568. (2024 £10,231)
During the year £31,348 (2024 £76,879) was spent on St Helens refurbishment. This was fully funded by a donor.
Payments
Total expenditure was £89,661 (2024 £134,745)
The parish share request for 2025 was £41,127 (2024 £39,861). Both years were paid in full.
The parish share for 2026 is set at £42,772 and the direct debit has been increased to £3,564 pcm. This will result in parish share being paid in full.
IT expenditure of £1,9 06 (2024 £1,719) relates to Church Suite, Quickbooks, Proclaim software, Church Website and Broadband costs.
Staff payroll costs were £32,954 (2024 £31,687)
Mission Support relates to Moldova £3,297 (2024 £1,500). Monthly payments were increased frpm £150 to £165 from 1 July. In addition there was a visit by 8 members of St Helens in October. It was agreed by the Finance committee that the church would pay for James and John's fares and acoomodation and underwrite any shortfall on fundraising. This totalled £1,407.
Services & Events £2,402 (2024 £641). Major items were baptismal pool, church meals, temporary staging for Christmas services and printing orders of service. Resources & Education £4,311 (2024 £3,801) Major items were design and print costs, books, training courses and courses provided by the church.
General Admin £2,289 (2024 £107) Major items were for assistance in developing systems to enable James to delegate more of the administration and bank charges. Subs/Licences £2,318 (2024 £1,398) Major items were music licences, Norfolk Gospel Partnership and the defibrillator.
Costessey PCC
Financial Statements for the Year Ended 31st December 2025
Financial Report
St Edmunds
Heat Light and Water expenditure was £1,974 (2024 £2,383)
Insurance expenditure was £2,597 (2024 £2,334)
Maintenance expenditure of £2,945 (2024 £3,596) Major items were chairs £1,177, fabric £558, electrical £449, candle stand £181, vacuum cleaner £189 and fire extinguisher checks £116. A parishioner made a donation in respect of the chairs.
St Helen's Heat, Light and Water costs tota £4,454 (2024 £5,920) Insurance expenditure was £1,189 (2024 £1,153) Payments to the cleaner were £2,459 (2024 £1,891) Maintenance expenditure was £6,429 (2024 £47,789) Major items were Kitchen refurbishment £4,663. This was met by donations made by a parishioner. Fabric £499.20,Mower repairs £254, Fire&Electrical testing £250 Electrical repais £165 and vacuum cleaner£152. £850 was spent on upgrading audio equipment which was paid for by a donation from a parishioner.
Magazine
Total income for the year is £4,846 (Advertising £2,350 Sales £2,496) (2024 £5,547) Total expenditure was £4,099 (2024 £3,748)making a profit of £747 (2024 £1,799) Thanks again to Lynda and Eddie for photos and for all their hard work this year in making the Costessey News a success.
Gifts to Mission & Charities.
The following collections were made in the year. Royal British Legion
This report has been prepared by Graham Gardner.
Costessey PCC
Financial Statements for the Year Ended 31st December 2025
Receipts and Payments Accounts
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General Fund
Unrestricted Restricted Total Total Total Total Total
General Designated Funds 2025 2024 2023 2022 2021
Receipts £ £ £ £ £ £ £ £
Planned Giving 55786 55786 44125 47573 24050 19405
Contactless Giving 1196 1196 459 132 229 476
Plate Collections 3685 3685 4113 5632 6538 4490
Donations 773 773 828 496 375 857
Gift Aid Rebate 10736 10736 10712 6242 4801 4901
Fees (Gross) 4998 4998 6523 6245 8070 7726
Admin Fees 323 510
Fund Raising Activities
Magazine Adverts 2350 2350 2810 3685 3313
Magazine Sales/Misc 2496 2496 2737 2492 1055
Hall Lettings 2070 2070 2509 2887 1583 755
Other Fund Raising (book Sales) 0 330 2986
Social Functions 32 426 138
Children & Youth 20 120
Play & Stay 710 710 894 780 477
Flowers 130
Sundry Income (formerly Sunday Coffee) 544 113 243 31
Endowment Dividends 325 325 317 312 518 20
Bank Interest 2277 1349 3626 4488 1485 310 300
Legacies/Bequests 23400 23400 27272 34757 2841 2250
Grants - CPR 7960 3098 1000
Funds towards St Helens Refurbishment -3165 11268
Gifts Day 8975 8975 33944 22330 23820
Transfer of Funds -800 800 1125
Sundry 67 67 157 366 19
FOSE Receipts
Billable Expenditure
Totals 93842 25677 1674 121193 138309 119497 83878 45474
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Costessey PCC
Financial Statements for the Year Ended 31st December 2025
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Receipts and Payments Accounts
General Fund
Unrestricted Restricted Total Total Total Total Total
General Designated Funds 2025 2024 2023 2022 2021
Payments £ £ £ £ £ £ £ £
Parish Share 41127 41127 39861 35000 31500 18000
Clergy Expenses 638 638 487 588 241 569
Fees to Diocese 2723 2723 3388 3208 4494 5023
Mission Support 3297 3297 1500 0
Clergy Float 500
Church Running Costs
Services & Events 2402 2402 641 1753 1070 773
Worship Resources 389 389 0 89 3 247
Resources & Education 4311 4311 3801 1686 434
Altar Requisites 463 463 485 714 0 0
General Admin 2289 2289 107 124 775 254
IT Costs 1906 1906 1719 1521
Mobile Phone 112 112 123 102
Printing Postage and Stationery 373 373 808 681
External Examiner Fees 100 100 100 100
Flowers 0 100 149 50
Subs/Licences 2318 2318 1398 839 673 296
CPR Expenses 0 5740 4902
Exp covered by gifts 0 21692
St Edmund's
Heat,Light & Water 1974 1974 2383 1969 2491 1446
Maintenance 1768 1177 2945 3586 3319 20 172
Car Park Rent 10 10 10 20 0 10
Supplies 0 0 0 273
Insurance 2597 2597 2334 1992 1801 1729
Organists 760 760 960 730 620 790
Organ/Piano Maint 460 460 250 350 520 439
St Helen's
Heat,Light & Water 4454 4454 5920 3240 4549 1451
Maintenance 6429 6429 47789 12224 2079 5871
Caretaker 2459 2459 1891 1700 1413 216
Supplies 658 658 742 263 114 209
Insurance 1189 1189 1153 820 817 781
Youth and Family Expenses
Youth Events 0 117 468
Play & Stay Expenses 880 880 795 1009 309
Youth Worker Payroll Costs -734 25300 24566 31687 9609
Fund Raising Expenses
Magazine Expenses 4099 4099 3748 3646 2920 0
Social Functions 0 245 0
Hall Management 0 0 0
Transfer of Funds 0 3151 0
Sundry 210 210 559 2983 315
Totals 89661 26477 0 116138 158725 93253 89965 39382
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Costessey PCC
Financial Statements for the Year Ended 31st December 2025
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Movement within Funds & Balance
Opening Closing Closing Closing Closing
Balance Balance Balance Balance Balance
01/01/25 Receipts Payments 31/12/25 31/12/24 31/12/23 31/12/22
Endowment Funds
Chancel 1128 113 1241 1128 1074 984
Churchyard 3789 408 4198 3789 3607 3276
Clive James 502 52 554 502 478 436
St Helen's Fabric 4020 182 4202 4020 3827 3711
Sub-Total 9440 755 10195 9440 8986 8408
Restricted Funds
Bells 1568 71 1639 1568 1493 1447
Choir (St E) 234 11 245 234 223 216
Choir (St H) 403 18 422 403 384 373
Curson Legacy 1407 64 1470 1407 1339 1300
Fabric (St E) 1260 57 1316 1260 1199 1163
Organ Maintenance 38 2 40 38 36 35
M H Richardson Family 9487 428 9915 9487 9031 8759
M H Richardson St H Roof & Boiler 4837 218 5055 4837 8633 8372
Curson Bequest re G & M Munday 1107 50 1157 1107 1054 1021
Sub-Total 20341 918 21259 20341 23392 22684
Unrestricted Funds
Designated
Bell Fund 31 1 32 31 29 27
Church Linen (St E) 200 9 209 200 190 184
Education 0 0 0 299 290
Equipment (St E) 537 537 537 511 496
Equipment (St H) 86 24 110 86 82 80
Fabric (St E) 4125 4 4129 4125 3927 3808
Fabric (St H) 0 186 186 0 731 709
N.Chamberlain (St H) 289 13 302 289 275 266
Printer/Copier 378 17 395 378 479 657
Muriel Webb (St H) 1105 50 1155 1105 1052 1020
N&J Vitkovich re Youth and Children 495 22 517 495 471 457
R Rouse Community/Outreach/Projects 0 0 460 446
R Piesse - Gift for Education 1288 58 1346 1288 1226
Gift re Mission 25696 9575 2910 32362 25696 12037 2415
J Price salary Funding 22390 10489 22390 10488 22390 24157
CAF Funding St Edmunds Fabric 5102 1176 3925
General Funding 12626 12500 126
Sub-Total 56620 38177 38976 55820 56620 45926 10857
General Fund 10433 93842 89661 14614 10433 38946 44751
Total All Funds 96833 133692 128637 101887 96833 72570 86700
Total Funds Represented By £
Natwest Current Account 2108
Natwest Business Reserve Account 12505
CCLA Deposit Account 87274
101887
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Approval of Financial Statements.
The 2025 Financial Statements and Balance Sheet were approved at a meeting of the PCC, held on 19/01/2026.
Margaret Proudfoot, Churchwarden
Revd James Pinto, Priest in Charge
Kevin Payne, Churchwarden
Costessey PCC
Financial Statements for the Year Ended 31st December 2025
Statement of Assets and Liabilities
| Restricted Total General Designated Funds 2025 £ £ £ £ Cash Funds: - Bank Current Account 2,108 - 2,108 Bank Savings Account 12,505 12,505 Bank Deposit Account 55,820 31,454 87,274 14,613 55,820 - 31,454 - 101,887 Other Monetary Assets Liabilities Charity Donation to - - be forwarded. Investment Funds Market Value 2025 at 30th June 2025 £ Chancel Fund - 126001310S 94.92 income shares in the CBF of the Cof E Investment Fund 2107 Churchyard Fund - 126001195S 365 income shares in the CBF of the Cof E Investment Fund 8102 Clive James Memorial Fund - 126001304S 45.37 income shares in the CBF of the Cof E Investment Fund 1007 Unrestricted |
Total Total Total Total Total 2024 2023 2022 2021 2020 £ £ £ £ £ 0 0 50 300 250 10,433 38946 12702 19307 15,809 86,401 78304 41949 39404 36,864 96,834 117240 54701 59011 52,923 20 2024 2023 2022 2021 2020 £ £ £ £ £ 2146 2031 1961 2223 1,945 8491 7810 7541 8548 7,478 1055 971 937 1062 930 |
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Independent Examiners Certificate
Report to the trustees/ members of: Costessey PCC
On accounts for the year ended: 31 December 2025 Charity no (if any):
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended / / . 31 12 2025
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Signed: Date: 29 March 2026
Name: Marie-Anne Edwards
Relevant professional
AAT
qualification(s) or body
(if any)
Address:
156 Fakenham Road
Briston
Norfolk
IER 1 Oct 2018
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