Registered Charity Number 205276
WRAYSBURY PAROCHIAL CHARITIES
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31[st] December 2025
WRAYSBURY PAROCHIAL CHARITIES
TRUSTEES’ ANNUAL REPORT
For the year ended 31[st] December 2025
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CONTENTS PAGE
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| CONTENTS | PAGE |
|---|---|
| Trustees’ annual report | 1 |
| Independent examiner report | 3 |
| Receipts and payment account | 4 |
| Balance Sheet | 5 |
| Notes to the financial statements | 6 |
WRAYSBURY PAROCHIAL CHARITIES TRUSTEES’ ANNUAL REPORT
For the year ended 31[st] December 2025
Reference and Administrative Details
Charity Number: 205276
Correspondence Address: 12 Ouseley Road, Wraysbury, Middlesex, TW19 5JA
History and Objectives of the Parochial Charity
This charity is an amalgamation of six ancient parochial charities, the oldest dating back to the 16[th] Century. Five were for the relief of poverty and were endowed with government stock, but the sixth and oldest was to provide an income for the building and maintaining of bridges within the Parish of Wraysbury and was endowed with land. The sale of this land provided the overwhelming portion of the funds, enabling the purchase of the Charity’s modern investment assets. Its administration and objectives are now governed by the rules of the Charities Commission Scheme of 1980 which extended its original objectives of support for the poor and needy of the Parish to include (within given parameters,) recreation, leisure and educational causes located within the Parish.
The Charity’s Constitution was amended and updated in 2020 and 2023. The latest and current iteration was registered with the Charity Commission in July 2023.
The activities undertaken by the Charity are set down in the Charity’s Constitution and as such are limited in both scope and nature by that document.
Achievements and Performance
As set down in the Constitution, the Charity is primarily dedicated to supporting Parish residents who find themselves in need, although such support would not be provided where State benefits are available for that purpose. As mentioned above, other local and charitable causes may also be supported subject to assessment of the request by the Trustees.
As such, the Charity is entirely reactive to requests for assistance that are received from within the local community, whether they come from individuals, or local bodies such as clubs and societies. The Trustees have representation on various local community voluntary groups to help identify situations where Parish residents are in need of support.
The Charity derives the bulk of its disposable income (which is used to fund grants that are approved), from its fixed (“endowment”) investment assets.
The Charity does not undertake fund raising activities.
Management and Governance arrangements
The 1980 scheme (as amended in 2020 and 2023) rules the method of Trustee selection to be four Trustees nominated by the Parish Council, a minimum of four and a maximum of six co-opted Trustees, and one ex-officio Trustee. The ex-officio Trustee position is occupied by the incumbent Vicar of St Andrew’s Parish Church in the Parish of Wraysbury.
The Trustees meet at least quarterly to review any applications for financial assistance that have been received and to consider what grants they will make. Each application is considered upon its individual needs and merits within the terms of the governing constitution. The Trustees will continue to monitor the distribution of grants to ensure that they fall within the scope of the Trust’s objectives.
Trustees
The present Trustees are: Nominated Mr. S Carter, Miss S Nicholls, Mrs A Brech, Mrs N Hall Co-opted Mr A Buckland, Mr G Larcombe, Mrs S Khan, Mrs D Robinson. Ex-officio Reverend Patrick Samuel Secretary for the Trustees Mrs. S. Chapman
Trustees may not be present for the assessment of any requests for financial assistance that are received from community bodies that they may also represent, nor may they vote as regards any such requests to avoid potential conflicts of interest and/or loyalty. The Trustees are therefore subject to an annual Declaration of Interests to identify potential areas/activities where conflicts of interest could arise.
Future Plans
The Trustees intend to continue providing grants in a similar way to the recent past, retaining flexibility as to the scale and timing of grant making.
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WRAYSURY PAROCHIAL CHARITIES TRUSTEES’ ANNUAL REPORT
For the year ended 31[st] December 2025
Financial Review
The Charity ’s Endowment Investment funds’ market value rose by £110,177 (13.28%) during the year, (from £829,422 to £939,599) and dividends received have risen by 4.08% to £40,737 (2024 - £39,141). Our total income for 2025 increased by 3.16% to £44,399. (this figure excludes the sale and direct re-purchase of investments, see below).
During the year under review, the Trustees were pleased to make grants and donations to residents of the Parish totalling £23,880 and these are summarised in Note 2 to the Accounts.
Being Endowment assets, these fund investments may not be liquidated other than to be replaced on a like for like basis, with other assets bearing a similar risk profile. The funds represented by these investments may not be used for distribution purposes. The ongoing financial viability of the Charity is therefore virtually guaranteed from a capital perspective, whilst its investments are subject to market driven fluctuations in value. Income levels are subject to fund performance. The Trustees consider that the fund investments continue to provide adequate income levels for the purpose of the Charity, and carry an acceptable risk profile.
During the year (and as specifically covered in Note 3 to the accounts), one of these investments had to be redeemed (at the then prevailing market value), as the fund was being wound up by M&G, the fund manager. Following appropriate research into investment alternatives, a unanimous decision was made by the Trustees for the proceeds of this redemption to be immediately reinvested into a further fund managed by M&G; this new fund investment carries a similar risk profile to the fund holding that was liquidated. This redemption yielded a modest capital gain which was also invested into the new fund asset.
It is the policy of the Charity that unrestricted funds held in its operating bank account, are to be maintained at a minimum level equivalent to twelve months’ expenditure. The Trustees consider that maintaining an operational reserve at this level ensures that they will be able to continue the Charity’s usual level of grant making activity largely unaffected, should there be a decrease in investment income in any given year. This level of operational reserve has been maintained and indeed was again significantly exceeded throughout the year under review.
Where an increase in net income (i.e., after deduction for grants made) has been achieved in any given financial year, and it is deemed appropriate by the Trustees given the Charity’s known future commitments, funds may be transferred from the Charity’s operating bank account to its interest-bearing deposit balance which is held in the COIF Deposit Fund. As such, a further £15,000 was transferred into the COIF Deposit fund during 2025. That fund is a cash equivalent fund managed by the CCLA (the Church, Charities and Local Authorities), a fund manager created in 1987 to specialise in managing fund investments for charities and church bodies. The deposit fund holding is readily convertible into cash and funds can be recalled with minimal notice, as required.
The Charity has no ongoing financial or contractual commitments beyond that mentioned in Note 4 to the Accounts, and given the levels of income historically achieved and the presence of significant reserves, the Trustees believe the Charity continues to be stable as a going concern and in an excellent financial position overall.
Statement of Trustee responsibilities
The Charity’s Trustees are responsible for preparing a receipts and payments account and a statement of assets and liabilities for each financial year that properly present the Charity’s receipts and payments during the year and its assets and liabilities at the end of the year. In preparing those statements, the Trustees are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements that are reasonable and prudent.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which enable them to ensure that the receipts and payments account and statement of assets and liabilities comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
The Trustees intend to continue the practice of asking registered accountants to undertake the independent examination of the Charity in the following year.
Mr A. Buckland
Chairman -2-
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF WRAYSBURY PAROCHIAL CHARITIES
For the year ended 31[st] December 2025
I report to the Trustees on my examination of the financial statements of Wraysbury Parochial Charities (the Charity) for the year ended 31 December 2025, which are set out on pages 04 to 07.
Responsibilities and basis of report
As the Trustees of the Charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act 2011)) and that an independent examination is needed.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or
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3 the financial statements do 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 financial statements to be reached.
………………………………………….. David Howard Chartered Accountants
1 Park Road Hampton Wick Kingston Upon Thames KT1 4AS
13-02-2026 Date
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WRAYSBURY PAROCHIAL CHARITIES
REGISTERED CHARITY NUMBER 205276
RECEIPTS AND PAYMENTS ACCOUNT
For the year ended 31[st] December 2025
Receipts Investment Income Endowment investment dividends (Bridge Lands) Other Receipts Deposit account (COIF) interest Refunds Sale of Investments (note 3) Bank Compensation Total Receipts Payments Direct Payments Grants and donations for the year (Note 2) Other Payments Secretary’s honorarium and expenses Independent examination fee Meeting Room Rental Purchase of Investments (note 3) Total Payments Net receipts/(payments) for the year |
Restricted - ---------- - ====== 92,548 --------- 92,548 ===== £92,548 ======= - ====== - - - 92,548 --------- 92,548 ===== £92,548 ====== - |
Unrestricted 2025 2024 £ £ 40,737 40,737 39,141 -------- -------- -------- 40,737 40,737 39,141 ===== ===== ===== 3,562 3,562 3,634 - 166 - 92,548 100 100 - -------- -------- ------- 3,662 96,210 3,800 ===== ===== ==== £44,399 £ 136,947 £42,941 ====== ======= ====== 23,880 £ 23,880 £19,857 ====== ====== ====== 2,000 2,000 2,010 654 654 654 200 200 160 - 92,548 -------- --------- --------- 2,854 95,402 2,824 ===== ====== ====== 26,734 £119,282 £22,681 ====== ====== ====== 17,665 £ 17,665 £20,260 |
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WRAYSBURY PAROCHIAL CHARITIFS BALANCE SHEET As •131" DettHbbtr 2025 2025 2024 Flxed Amets InvutrneTrt Assets Endowmenl investments (see Note 3) 28&543 284,995 Curremt A55¢ts Bank curffnt &¢ount Bank deposit %counl (COIF) 55.131 .650 52,466 75.650 145,781 128.116 Total Net Asets RepreJentsJ by: The Funds of the Chrity Restricted F••d$ UTrrutrict¢iJ Funds: Cash fiJnd% last year-end Net 1P(paYents) for the yur 128.116 17.665 107.846 20.260 Ch fuDds Yearelld 145,781 12&116 Total Net Assets_ £413,111 Mr A. Buckland
WRAYSBURY PAROCHIAL CHARITIES NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] December 2025
1.
Accounting policy
The financial statements have been prepared on a receipts and payments basis and in accordance with those aspects of the SORP; Accounting and Reporting by Charities 2011, and other accounting standards, which apply financial statements following a receipts and payments format.
| 2. | Grants and Donations for the year | 2025 | 2024 |
|---|---|---|---|
| £ |
£ | ||
| Wraysbury Village Hall | 8,000 | 8,000 | |
| Thames Valley Hospice | 7,500 | - | |
| Supply of Lifeline Systems | 2,458* | 6,603* | |
| Wraysbury Residents in need | 632 | 2,814 | |
| A Wraysbury Scout (attending foreign event) |
500 | 1,000 | |
| Wraysbury Bowls Club | 2,500 | ||
| WHVC | - | 1,440 | |
| Wraysbury Resilience | 500 | - | |
| Wraysbury Village Fair | 540 | - | |
| Wraysbury Youth | 1,250 | - | |
| --------- | ---------- | ||
| 23,880 | 19,857 | ||
| ===== | ===== |
- The apparent significant variance in what should be a relatively stable year on year expense, arises from the 2024 figure including items that were underpaid in the previous year (following incorrect billing by the previous 3rd party administrator of the service), with the 2025 figure also being “understated” due to refunds and inconsistencies in the timing of billing by the incoming 3[rd] party administrator.
3. Endowment Investments
| 3. Endowment Investments |
||||
|---|---|---|---|---|
| Units | Cost | 2025 | 2024 | |
| Market | Market | Market | ||
| Value | Value | |||
| £ | £ | £ | ||
| Investment Funds: | ||||
| BlackRock Charities UK Bond Fund | 40,279.402 | 54,626 | 57,985 | 57,208 |
| BlackRock Charities UK Equity Fund | 43,985.998 | 89,000 | 371,026 | 330,101 |
| M & G Charities Fixed Interest Fund | 85,525.995 | 89,000 | 92,548 | 92,282 |
| M & G Charities Fixed Interest Fund - Disposed | (85,525.995) | 0 (89,000) |
(92,548) | - |
| M & G Charities Multi Asset Fund - Purchased | 96,827.454 | 92,548 | 100,139 | - |
| M&G Equities Investment Fund for Charities | 23,759.206 | 52,369 | 410,449 | 349,831 |
| ---------- | ---------- | -------------- | ||
| £288,543 | £939,599 | £829,422 |
======= ======= ========
Note:
The liquidated holding of the M&G Fixed Interest Fund yielded £92,547.68 on sale, which represented a realised gain of £3,547.68 from the original purchase cost of £89,000. Given this sum was generated by the sale of a protected Endowment Asset, the whole amount had to be reinvested including the “capitalised” investment gain that was realised on liquidation.
The new investment in the M&G Charities Multi Asset Fund is recognised at its purchase cost of £92,547.68, as Receipts and Payments accounting uses the actual cash paid when new investments are acquired. The original cost of the liquidated Fixed Interest Fund (£89,000) is removed because that investment was fully disposed of. This realised gain is not included in the Receipts & Payments Account, in line with R&P guidance (gains/losses are not recognised in cash-basis accounting). It is disclosed here solely to provide a clear reconciliation between cost and market value.
Realised gain on disposal: Proceeds from sale of Fixed Interest Fund £92,547.68 Less: Original cost (£89,000) Realised gain £3,547.68
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WRAYSBURY PAROCHIAL CHARITIES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31[st] December 2025
4. Contingent Liability
. - Ongoing support of Lifeline Systems whereby 6 months’ notice of contract cancellation is required. This liability is therefore, re-stated for 2025 as being 50% of anticipated expenditure under that contract for the next 12 months.
2025 2024 £ £ 3,000 3,250
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