St Mary the Virgin Turville PCC R•gl8t•rod Charlty No: 1209100 FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the year ended 31st DECEMBER 2025 St Mary the Virgin Turville PCC Trustees as at 31st December2025 Rev Andrew Julian Slor¢h (Chairl Rev Susan Ann Morton Sir Hoctor William Hepbum Sants Lady Caroline Jane Sants Angela Jean Foi8 {Appoinl8d 1 9th May 20251 Andrew David Imlay (Treasurer) (Appointed 19th May 2025) Alico Mary Bragg (Appointed 7th Juty 2025} Trustees Reslgnad Durlng th• Y￿r Chrl$toper Charles Bevan Rogers {Resigned 19th May 2025} Amelia Faith Nicholson (Resigned 19th May 20251 Heather Jane Brown (Resigned 19th May 20251 Tiger Miles Graham Nicholson (Resigned 19th May 20251 st Mary The Virgin Turville PCC ANNUAL REPORT 2025 Structure, Governance & Management The Parochial Church Council of the Church of St. Mary the Virgin, Turville {"the PCC") is a corporate body established by the Church of England. The PCC operates ynder the Parochial Church Council Powers Measure 1956, and the Church Representation Rules 2006. The PCC is registered with the Diocese under the numb8r 627823, and is also registered with the Charity Commission under the name of St Mary the Virgin TuNillé PCC, charity number 1209100. The ChurGh of St. Mary the Virgin, Turville is part of the Hambleden Valley Team Ministry and its ministry team is shared with the other fwe churches in the group. Th8 PCC is responsible for a number of Trusts the proceeds of which are available to be used for ecclesiaslical purpose within the parish of St. Mary the Vlrgin, TutvS119. ObJe¢tlves St. Mary the Virgin Turville Parochial Church Council (PCC) has the responsibility of cooperating with the Rector, Rev Andy Slorch. in promoting in the ecclesiastical parish. the whole mission of the Church, pastoral, evangelistic. social. and ecumenical. The PCC is also responsible for the maintenance of St Mary the Virgin Church, Turville. Specifically. the PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community. Worship & Prayer The church offers a range of services.. A communion service every Wednesday, and a monthly Sunday Eucharist on the last Sunday of the month. In addition, we have special services designed lo appeal to the whole community notabty the Animal Blessing Service. an annual Carol Service. and this year we had a new community service- a Harvest Tea. Additionally, we celebrated 4 weddings and held 1 funèral. Sadty, there wère no baptisms. Hlghllghls I he mission highlignts were our special se￿Ice$. Inside the church we built a new cupboard in the Tower for the bellringers, and in the churchyard we completed extensive work on our elderly trees, which included taking down the larches behind the Tower. Electoral Roll & Attendance At 31° December 2025, there were 34 parishioners on Ihe electoral roll. Average attendance al the regular services, has been 11, slightly down on last year. This number increases at festivals and. in particular the church was full, with around 60 people each, for the Crib Service and Midnight Mass. Financial Review Income & Ex endrture In 2025 our regular income. excluding that from our endowments. was £27K. In addition. we received income from our investments of £3K and miscellaneous one-¢)ff paymenls. mainly donations and filming of £6K. Our total unrestricted income was thus £36K. The percentage split of the £36K is fees 11Vo. collections and visitors, donations 220/0. standing orders 39OA, interest and investmenl income 8 %, and miscellaneous was 20%. Our ongoing expenses were £33K. This was made up of.. 36% parish share which is primarily the cost of clergy provision, 80h benefice and deanery expenses which is mainty Benefice administrative support, 390/0 maintenance & running repairs, ulilrties & insurance 20%. Before miscellaneous and investment income, there was a deficit of £6K bul after taking account of the investment income and miscellaneous there was an unrestricted surplus of £3K. In relation to specific projects and the reslricled account. w8 had £7K of income arbd £41 K of expenditure of which the largest component was the soakaway and the tree work. Our lolal funds including endowment policies dècllned from £403K to £371 K reflecting both the capital expendrlure and the fact that the CAF investment funds showed a small decline for the year. Resetves Poli In line with the charity commission guidelines. we aim to have cash reseNes of six months running expenses- currently £15K. In addition, lo cater for any unforesèen problems, such as replacing a boiler. we look lo have an additional £5K. In total our policy is thus to maintain a minimum of £20K in our available unrestricted cash balances. We also seek to maintain our endowment funds at a minimum of £200K with Ihe intention of accumulating the income in a "sinking fund. for utilisation in major repairs. In 2025. our investment income was utilised to cover our operating deficit, bul our restricted reseNes totalled £223K and we have £76K of unrèstricted reserves which was a small increase on last year. Financial Stabili Our intention is lo ensure our day-tcpday expenses are covered by our income excluding endowment income. In 2025 we had a loss on this basis of £6K and thus fell short of our goal. In 2026 we will look lo raise our regular donations further. However, in practice. it is unlikety that we will a¢hieve our goal of being break-even excluding endowmenl income but shoukl do so after its inclusion and thus not have to draw on Our reslficted capital. INDEPENDENT EXAMINER'S REPORT TO St MARY the VIRGIN TURVILLE PAROCHIAL CHURCH COUNCIL This report on the accounts of the PCC for the year ended 31 De￿mber 2025, which are set out on pages 5 to 9, is in respect of an examinatson carried out under Regulation 3{31 of the church accounb.ng Regulations 1997 and s.43 of the Charities Act 1993. Respectlve responslbllltles of trustees and examlneT. As the members of the PCC you are responsible for the preparation of the accounts.. you consider that the audit requirement of Regulation 3131 of the Church Accounting Regulations 1997 and section 43{21 of the Charits'es Act 1993 (the Acll do not apply. 11 is my responsibility lo issue this report on those a¢¢ounts in accordance with the terms of Regulation 25 of the Church A¢eounts'ng Regulations 1997 and Regulation 7 of the Charities (Accounts and Reports) RegUla￿.0￿S 1995. Basis ol independent examlnor'8 r6POrt. My examination was carried out in accordance with the Geneial Directions given by the Charity Commission under section 4317llbl of the Act and to be found in the guidance from the Central Board of Finance. That examination includes a r8Vi8w of the accounting records kept by the PCC and comparison of the accounts with those records. It also in¢lud•s considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit, and consequently I do not exprwJs an audit opinion on the view givèn by the accounts. Indepondènt èxaminèes statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable Cause to believe that in any material respect the requirements to keep accounting record$ in accordance wllh section 41 of the Act., and to prepare accounts which accord with the accounting r￿OrdS and to compty with the requirements of the Act, as also contained in the Church Accounting Regulations 1997 have not been mel., or 121 lo which, In my opinion, attention should be drawn in order lo enabl8 a proper understanding of the accounts lo be rea¢hed. .G. Wortley Fingest, Henley-onThames 2026 TURVILLE PAROCHIAL GHURGH COUNCIL STATEMENT OF FINANCIAL ACTIV171ES ft+r fh• y•*r •nd•d 31•t D•comber 2025 2025 2024 roTAL TOTAL Incomln9 Ro8our¢ès IncomirvJ R8sourc88 from d￿Or$ 21.952.03 5,893. 27.843.2B 168.322.20 Othervdurrt•ry In¢rynlng fewjrces 3.165.00 3,165.00 Incomo from ¢h•rfi•14• •rKI tradlThJ 7.911.74 3,461.60 11.373.24 13,025.2S Intomefrom In￿51m8n￿- ICBFI 3.214.03 2.736.13 477.wj 28.769.31 T*>t•l In¢0mlnB RMourt•• £36,24180 £6,618.62 2.861.d2 08.116.76 R•wurc•4 ￿•1 ActmI￿S dlreclly relatin9 lo Ihe*v* olth•thurch 14.817.41 14.817.41 16,OTT.73 c￿1r¢h runnlng expen88• 7b 18.940.20 00.350.38 399.132.14 Totsl T•￿￿¢•1 u••d 3.7$7.61 £41410.18 £70,187.79 14,209.87 N•¢ ltt¢omlnglloutyolngl r•BOu￿•• 2.465.19 (34,791.061 P2,3fAI.3n QC4.093.111 Bilafieè- General F¥nd•- l January 2025 18.2es.87 387.587. 402,853.87 £606,946.78 Bol•ne•- G•n•rnl Fymd•. 31 D•¢gmb•r202fj £ 17,761.08 £ 352.790.24 £ 370,047.30 £402.8S3.67 TURVILLE PAROCHIAL CHURCH COUNCIL BALANCE SHEET 0131 DECEMBER 2025 Note 2025 2024 Ass•ts held for I￿￿¥1M&nI purpo$•$ Churchyard Trusl Turville School Organist St Saviours 9,789.45 95,608.08 51,255.87 65,933.90 £222,S87.30 10.197.11 99,589.47 53.390.31 88.679.58 £231.8S6.47 8•nk •nd C••h accounts CCLA- Quinquennial CCLA Deposrt- Unre51ricted Barclays Bank.. Restricted - Dividends 8ar¢lays Bank.. Unre$lricted CAF Resloralion Project Account 10 23,300.28 45,790.45 52,454.24 3,411.49 23,003.54 £147,960.00 22.291.46 43.585.24 46,011.74 4.140.33 $4.968.43 £170.997.20 11 TOTAL ASSETS £370,S47.30 £402.853.67 Represented by: Fund$ R•strict•d Quinqu8nnlal Organist Other CAF restoration Proiecl Genernl Fund TOTAL FUNDS 10 23,300.28 Sl,255.87 223,785.67 23,003.54 49.201.94 £370,547.30 22,291.46 53,390.31 224,477.90 54,968.43 47.725.57 £402,853.67 12 11 Approved by the P8rochi81 Church Council and signed on Its behalf by Rev An¢Jrew Slorch IChaimi8nl Carolin8 Sants (Arting Church Warden) The notes on pages 7 to 9 form part of these accounts. TURVILLE PAROCHIAL CHURCH COUWCIL NOTES TO THE FINANCLAL STATEIIEtr4TS Fortho wr•nd•d 31*1 D•t•rnb•r202 A¢¢fmJnllng PollGIv• pk*lpaLX 4.125.00 3.380.00 342.00 4.125.00 4.380.ao 342.QO 3.088.$0 437 74 £11573.24 975.92 4,250.00 3.088.60 373. 7.202 OD 597.33 É13.02￿5 84.74 £7.911.74 subtotal Idl Incomo fvorn InvestrTh￿j-{CBFl R•911￿1￿>￿ ol in￿￿1r￿nL* Inlwgji •nd divkl•n Reali*d gains on real88￿Tr￿￿Vo81r￿1I 3.214.OJ 6,6JY.04 •.747.07 e16.592.$3 £4.98fj.71 6 18&.07 26,769.31 9.26k.1 2.738.13 .289 17 477.9D J 21￿0) T•l•l Incomlng R•8ouK•% £36 4160 É6 616.62 É42 861A2 É2Q8.118.76 (•) Acthfhlm dlr•clty r4•¥ng to th• work of lh• ¢h¥r¢h Shjre 11.83?.41 2.978 QO £1 817.41 11.839.41 2 97B.00 t14B17.41 £12.20J.n £2 87d.QO £16 1177.73 Sub tol•l Éo.oD IblChw¢h Nnnlng •XP•M Armual MaintenarKel Rep*s Chwr¢hyard Rtstyr•tion w¢)Jxt12024-Miol VAT i•ty)bwdl 6.64&88 2.751.73 342.00 604.BO 1.645.8B 2.75t.73 41.762.1B 6.235.89 41.4tO,18 3UJ.193.04 2.661.2e 90.00 2,SM.44 118.00 3,930.97 1 872.36 60,3S0.38 uts1￿¢8 inc 01 Ctsrilres Iniuranc• is¢elkgnoM- ¢wd8& TrMffjB S¥btotal 2.584.44 1t&OD 3.#30.97 1.872.38 18,940.20 2.182Ag 110.00 2.834.08 11540 399.132.14 41,410.18 Tot*1 Ré&ourt•• u# £U,757.81 t41,41Q.11 e7$,167.79 ¢414,209.67 Surplu￿{De1￿ttj fvrpEdod 148&19 791.56 306.5 206m3.11 st Turvlll¢ PARQCHIAL ¢HUR¢N CQUNCIL con￿d￿r0d a• Ro1¢rf¢ At31stDÈ¢embe¢ b)2S 441.m) 10,197.11 4.307.tTh)) 99.589.47 2.309.C￿ $3.39D.31 X$70,223 68.E79.5 231.8fj6A7 1407.e61 13,981.39) 12.134.441 9,T89AS 9S,608.08 $1.25S.87 15 933.10 222.587.30 Sc*DcI stWL 9269.17 2026 ¥uThMNrr. MErkeivfluD BI rJ1,856A7 524,139.38 {302.4$9.70 5,1e8. Unr•diged ￿1 Redised 2JI.056A7 46.011.75 6,442.SO 37.684.18 6.347.S7 Trnn*r6 92A54.15 48.Q11.75 10 Qwrt4y•nlil Fund. ¢BP¢hJrghof 22,291.4B 21,1O7.?1 1.1rJ.85 Trnr&•rs 2J.JOO 2Z.291AO 11 Rmtyr*nI￿0.e￿F Inw•iity••rtf*4 Wb%¢Wrt AnywJW• $4.968A) s.e30.20 373.cll 1.567.25 knw*m•rrtdl•wg1s uMK•dam 7.￿2. 143.02 438.342A7 61.325.22 8.784.47 26.319.76 20.481. JW.019.12 2,146.30 1.540.99 her Arth￿1 l• VATIMI e8e.32 383.374.04 38.321.68 2J.Tr)3Jl 12 r••trfrA•dfvTrd Toiaf 8*1fKQ 46.011.75 R•c*pt• 6.442.$0 68.679.S7 99.58•A7 1I197.11 Z24.477. 6,442.$0 e4 9*n¥ Gw"n•¢n 2.745.6 107. 134.n 9 789AS 223.78&6T 95.608.08