FRIENDS OF CIRENCESTER PARISH CHURCH REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2025 REGISTERED CHARITY NUMBER 272334
FRIENDS OF CIRENCESTER PARISH CHURCH YEAR ENDED 31 DECEMBER 2025 TRUSTEES. REPORT The Obje¢ts of the Charity are to &8sisi in the care, preservation and adornement of the Pwish Church or any other ancient or historic buildings Ye5ted in the Parochi Chur¢h Council (the'PCC'), together their gods and ornaments assi the PCC with nIntenanCe and development of the worthip and life of th¢ Church ACHIEVEMENTS AND PERFORMANCE The Frilts IMS Continu to support the work of PCC throughout the year. The princip grant was towards the renewal of the pathway between the South Por¢h w]d the ¢hur¢hyard. The pmject was led by John fiffii¢y and Meg Blumsom and is a wdcome impmement to the South side of the Church. I am saddened to report the sudden death our Se¢rdary. Aileen Anderson. in F¢bnwy. Shewas a great friend and a twly exceptiona5 Secretary. She is much mtwd by ¢veryone she knew and the Or84n1tiOns that she supported with all her energy and enthusiasm. ¢lwd MullinBs (Vice chrn) and John Hobbs (Jnvestsnents and ilanknng Administrator) have worka hard to move our investments from Brewin Dolphin to CCLA and M&G- both very resp#ted fund manager5 who 8pe¢igii8e in looking after the inveytmenls of tharities. W¢nrt Townsend will continue to cw out an independent examination of ¢)ura¢counts. Lynn EIdItCh has been appointed Memberthip Srfr¢t8ry. following Sam Burt's move being Social Secretary. Lynn has undertaken a thorough rewi¢w of the Membership Lisl which has proved a tim consumin8 tssk. However. the result will be mu¢h better communication with members. The AGM and Festal Evensong in June were a gwt succes4 followed by a reception in D¢irdre Waddell's wonderful garden. The Very Revd. Chri*¢)pher Lewis preached. Social events included an excellent talk and demon5tsation of the orgart by Thom Hawkes and Christmas drinks after Chor81 Evensong in December. The cne11 have approved toward the cost of the new lavatories and 4 new Guidebwk. The pole of the early twentieth Certtyry proc£ssionaJ cross has been repaired ai the expense of the Friends Mr Colin Mccorquodale hos been appointed an Honorary Ltfe Mernb in re¢owJition of his 8enerou5 pport of the Friend$. 2026 marks the se Anniversary of the Friends. The Bishop of Gloucester h8s kindly aj to lead the celebrntions by prea¢hirt8 It the Festsl Evensong following the AGM on 21 June 2026. The service will be followwj by u re¢eption in the churchyard. weather pernitting. The rerxption h&s been held in Deirdre Woddell's WOnderfi 8arden for several years. UnforMn4tely, due to D¢1e'S recent ill health. this is n possible this year, but I am pleasoj to report she is back at home and prwess¢s well. Page I
FRIENDS OF CIRENCESTER PARISH CHURCH YEAR ENDED 31 DECEMBER 2025 TRUSTEES. REPORT FINANCIAL REVIEW The totsl of Funds on l$t January 2026 was £]2.577 (2025 £1.034.122). The free reserves (total unrestricted fimds excludin8 investments) arno1 to £121.291 (2024 £95.705) Durin8 the financial year, unrestricted irtcome was £100.946 (2024 £24.588). Restricted income was £ Nil (2024 £6,000). Unrestricted expenditure was £7.670 {2024 £27.757). The Charity's results take account of unrealised profits and t0c5 on investments held at the end of the year. Durin8 the year the existin8 inv¢8tsnents were sold r¢alisin8 a 88in oe£73.892 (2024 £1.016). as the investmènts were ¢onsolidated into three specialist Charity Funds. There w&8 an unrealised loss of £713 At 31st De¢ember 2025 (2024 Unrealised Gain of £103.899). A¢¢ordin8iy. the value of investments held by the the charity increased to £1,079.287 art 31 st December 2025 (2024 £938.417). Cash hdd on deposit with the Charity's bankers and al its investment marwer totailed £115,752 (2024 £Y2,155). Totsl accumulated fijnds 81 the bAlanc¢ sheet dAt¢ amounts lo £1.200.577 (2024 £1,034.122). PLANS FOR THE F[uRE The Friends of Ciren¢egter Pan'sh Church ¢onlinue with the plan to ireal¢ membership to provide additional fundin& Le8Acies will dso be en¢oura8ed to build up capita] for the fulur¢. Application8 for 8rants to fund proie¢ls or¢ invit¢d from the PCC. STRUCTURL GOVERANCE AND MANAGEMENT The Friends of Ciren¢ester Pari$h Church was jounded in 1976 and is a resisterj ¢h8rity - charity number 272334. The current trust deed was10st revised in 2012 and duty re8istyered with the ChArity Commission. Cownell The Council is elected to mana8e the affairs of th¢ Charity and meets on three occasions per year. The council shall consist of not more than 20 or le55 than 18 members. of whom the Vicar. one ¢hur¢hwardM and two other Memr5 of the PCC together with the Mayor of CiTenc¢st¢r (or a repre5entstive nominated by the Mayor) shall be ¢x-offi¢io memberg. th¢ remainderto include the Ch4irnwI. Vi¢¢ Chaimiaft and other Members of th¢ Fri¢n(Lg who shall be elected at the Annual General Meetin8 to gerve for tern of three yew5. All membws of Council are Trustees of the Charity. The Council wees the straleBy artd are&8 of activity forthe TrusL includin8Wt makin& investmenL reserves and risk man88emenL p)liciues and F%rfomwn¢e. At the AnnuY41 Genera] Meetin& the Members also elect an Honorary Secretary. Honorary Treasurer and Hi)norary Member8hip Se¢retory who may but need not hav¢ been el¢ctd to the Council. Page 2
FRIENDS OF CIRENCESTER PARISH CHURCH YEAR ENDED 31 DECEMBER 2025 TRUSTEES. REPORT QualifKtioAs The Council keeps th¢ skill reqUirllts for the Tnes uTrJer review and if a TDJstee pemjanently oE6erveT5 until the ne Annuai (knual meets The CTrAirnwi (4 Cir¢uit Judge) and the Vice Chairnwi (a retired soli¢itor} are reSF1b1e for the Inducti( of new trustees which involves awareness of trustee's resp)nsibilities. the 8overning do[all¢ administrative predry the finai¢ial ststements and the history and philosophical apFffoach of the Charity. TheTru5tees vkno served as full Manbers of C(MUKal durin8 the yur vKre &s folloms:. HH Judge M Gledhill. KC (Chairnw) 2023 Mr R R Mullinss (Vi(% Chairnw) 2023 Miss A Anden (Sectdary) 2023 M5 C Blo 2025 CllrP ColeAwn (Rep tt may Of cirence#) Ex.OtTicio Mr P J Cottey Ex-Offi¢io Mr J E Franklin 2024 Cllr M Harris Mr J Hobbs Mr P Kerton 2024 EXfficI0 Ex4>fficio 2023 Ex-officio 2024 2023 21Y25 2024 2025 'ss P Phillips Cllr N Robbins Mrs D Wthll Mr C Woodd Mr M D Ralston Mrs P Skxnner Mrs M Cm'lman unless appointed as ex-officto. accorth"ngly. HHJ Gledhill KC. MrR R Mullin. Mrj Hobbs and Miss P Phillips must stand for relection at the 2026 Annual Genernl Methg if they to 4xmtin ue to serve as Court¢il Members. DurinB the year. the Chvity did txx hold any fimd5 a% ¢todian trwt PUBLIC BENEFrr In planninB the Charl$ activities frx the year. Ik Tn*ee5 kem in mi the Charity Commwirn's 8uidart¢¢ on public befit #t their meetin& Pt7ge 3
FRIENDS OF CIRENCESTER PARISH CHURCH YEAR ENDED 31 DECEMBER 2025 TRUSTEES. REPORT TRUSTEFS RESPONSIBIIJTIFS IN REL4TION TO THE FINANaAL sfATEMEKrs Law applicable to chantses In nand aThl Wales requwes the.1FStee% to prepare ttnamal sfat¢ments for eath financi41 year vknich give a tr and fair view of the chan$ financial statemthts during the year and of its fInala1 activiti¢S at the ¢nd of theyear. When tffewing the financial atert• the TnL4tees should follow best prdctice and: selt suitable a¢countin8 policies )d then apply them nsISttIy. Observe the methods and principles set out in the aN)lieabe Charities SORP. Make jud8emuJts and eimate3 that ar¢ realA¢ and en( State whether appli¢able atitt8 stsndards statemfflts of recomM¥ed awjunting practice have been followr SubJt to any departwe5 di1(ed and explaiD¢d in the financial ststemrnts an&" charity will cOntiM in operats accuracy at any time ts fift8 posilv)n of chariiy tham to •nsure dlat Ihe finarKial statements compty the ctieS Ad 2011 the prtr4istsS cl the trt deed. They arn $0 reSponSF8 for safeguarolr¥J the assets oflh8 charity for takiro ¢&)18 stops for Ihè HH Ju¢J M Glwjhill KC 18th June 2026 Page 4
FRIENDS OF CIRENCESTER PARISH CHURCH YEAR ENDED 31 DECEMBER 2020 INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES, OF FRIENDS OF CIRENCESTER PARISH CHURCH I report lo the Tharity tNStees on my examination ofthe of th¢ Charity fortheyearendcd 31 Dwiber2025. wthich are 8el oOn p88e5 6 to 12. RESPONSIBILMLS AND BASIS OF REPORT As th¢ Charity's you are responsibk fortkn Prep110n of th¢ tt¢ounts ith [do¢1th the EEquir¢rnents of th¢ •tiU¢$ kn 201 1 CtheAcl?. l ryort in of Jty ¢xathirt#tiott of the Charity's llrxijunts Carri ovtund¢r 145 of th¢ A¢L and in ttl8ouI myoyawjD1on I hav¢ followrd the applicable Dve£tion$Biven by the Cknity CON19$10 Dllder ion 1431SXbloftheAct. INDEPEf4DENf EXAMINER'S STATEMEP I hw¢ compl¢Led myexami08tion. l Confirm that Do Mat¢r1 h8v¢¢om¢ to my th¢lltioll ID ConnlI0n wryth •cc4untinsr0rds wyre not kept in reSP10r th¢ Chty As Tequir¢d by 130 of th¢ ACL. or th¢ )x>uttts ¢10 not £01 with thos¢ rttotd& or th¢ &Lountsdo rtot ¢omply with th¢ 4)pli¢Abler•4uirements concernin8 fonn aDd ¢ortt¢llt of accounts set out itl the Chllrities (Attowits and Rwts) RwlitioDs 2008 othwthan aDy roquiTEm¢nt that the counts wve a aDd fair vicw which 15 DO¢ Ajjiatl¢r5E¢rn1 al part of aD lnd¢d¢nt exthinl0ti. I have no conc<rn5 and ha 155 noothry in conll¢ction with tho¢xatTrinati¢)n to whi¢h 8tLentÈon SI]d Ee drawn IL tbis Tg ordcrtocn8bk a pffjp utid#5t*of th¢a¢£ounts to be reached. Ruth Hth¢rt FCCA W1 Towwend Date.. 18th J 2026 Pog¢ J
FRIENDS OF CIRENCESTER PARISH CHURCH STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 u1tA¢d Roslrfded Tolal Fund Fund 2Q4 Unr•stslthd Re&birt8d Fund Fund Total FuNts lTr¢om8 and •r6doMMnts from,. Domlons and legadg5 7S,111 215 25.328 75.111 215 25.328 3,848 6.000 Inv•sim8nts 20,740 20.7410 Totsl In¢om• Exnd{lu OTr: Rastro fwts 959 1,197 clI18b 8eOvMes 3,000 TJ.rAo 7,075 30.075 Othgr 3,711 3.711 Tot•1 expendlture Nel ieatsed g[lOr¢s8&) on iTr••slmants Nèt unreallsed g8tn$lOosses) onlnveslments 10 73,892 13 73.892 13 1,018 1.016 Net incorne Il•xwdtturn} 166N66 166ASS 101,74• 11,075) 100,671 TrnngIert8Tr funds 13 y,ooD) 11.07S) 1,075 14•t tn¢omingl loutgolngl rnsources before other regnIsed goln$ and 1055•5 167h56 {1,0001 16WS 11x1.871 1JO,e71 NotrnoveThrt ID tsrtds 167 RKon¢iliaknn oflunds Totsl ftmds boLyM lomqrd al l January 1,033,122 1,000 1.¢)34.122 932,451 933,451 Totslfvnd# klOp4rd at 3104¢emb•r 122 The notss on 8t0 12 form ofthege aco)unts
FRIENDS OF CIREfvfESTER PAR18H CIWRCH BALANCE SHEET AS AT 31 DECEMBER 2024 2Wd4 Fund Furtrj Im188trn8rts 1,079287 1.079287 938.417 Currnnt A¥8•ts 7.487 8.387 C88h CdeFt cash at bAnk Total uJrr•nt8s*ts 113 17 123240 113917 123.240 11 98,542 12 121290 127290 95.705 Thtlunds olthe Chafftr. Unrestrfrted 12tyJ.577 12.$71 1,033.122 Restri#ed Tolal Chorlyfund5 13
FRIENDS OF CIRENCE8TER PARISH CHURCH NOTES TO THE ACCOUNT8 FOR THE YEAR ENDED 310ECEMBER 2025 ACCOUNTINO POUaE8 ol a¢¢ountlng I he ¢h•nty ¢¢n$MLrtes o pywc benam enwa8 deffir1 ty 1w2. lh• stsmeffl8 hav• Deen prepared in accordarwiMlh knGounting Reporting by Chafiles.. Statementof Re¢omm&nded PraclSG8 8ppllcabla to ch8Titse8 prep8ring thelrgc¢ourts in vAth the Flnandal Reporting Standard qppbGHble ui Ihe UK and Republ1¢ ollreland i88ued in October 2019, tho Flrt8nd81 RepoTUng Standard applic0b in the United Iungdom 4nd Repthte of freland IFRS 104. the Chqwibes Ad2011 2nd UK Generalty Accepted Pxcwnthg PradiGe The th8ncial stoteMts 4re prepared on & gotng corwn underthe hp5torical ¢ost eanvenlton. A888ts and lia08 are Inthlty recwi88d at h>[IGa1 ¢ost or tran8E¢hn valu¢ unless oth8MBe stated In the relevDnt acwntmo plty notes. The ¢haiity ha$ 8pplled Updats Bullth 2 and does not a c8th fflow olatement OTr the grourth that It IB 8pptywig FRS 102 Se6tion 1A. Funds held bythe thaFNy are.. Unrestricted gener81 Ilmds. fund&thioh can bB used in accordun¢e tth lh• Ch8thAble Ctycts atlhe rhcrebon ofthe Tn•tee•. DeBlgnatsd frJnds- frjnds alloGthd byth¢tsustees for spedllc PU0$88. R881ricted ndB- jnd&Ich c8n ontybe us¢d ln ¥¢¢wdan¢g tho IpstrOn8 ofth? donors to the Chadty. Incoma recol88d In the Statement of Financiat Ad¥lttes &fter ihE ¢haflty has enliuement to th¢ r•80ur¢es, itls ¢ert•n th81the resour¢es I11 be re¥80 and the m0netwyvthe oflnwnhg Te80wces can be me88ured wllh suffKlerrt rthbllty. Expd Éxpenolknre18 Indlthd In th¢ Stal8ment of Fin¢[al A¢¥thets M an a¢¢ru8b b8th. Incl0 of 8nyVal Added Tax. Grants payabse ar¢ thaTged vthen the ofleris Gonveyedtothe rec4wentex¢ept In those (a888 the Is coTrdlonal.such grants being recolSed •$ exndthre condlorA attaching are fv1fied. <)th•rco8ts Supp¢)rt W5ts tooethw knlththe Irpgnd8ntexanvn•rf8 fee have b•8n th¢atedto other costs. R•Allsed galn8 8Th11088•B JI oaln6 and 1066es are taken to the StalennI of Flnanc4lll Acovllles as th8y 8rf88. Rea5•d gai15 ar 1088e8 on inve5knents are cakulthd as the ifverv beh¥e¢n 8ale pmce8d8 and the s)p¢nts)g marketvalue (or dth of pUh4¥e, rf later). Unrealtsed gal[ und 108888 are cabjlated as the thfference bets¥een the rkot Value at tho yow end ndth• openlrvd marketvalug lor date of purchaBe, Illa). Inve8lm8nts are 8t4ted al market valu• a5 at the bat8n¢e sheet date. The Statement of Ffjnandol Ath#88 Includos the net g8ln8 andlog8e8 arisirvJ on revaiuatson th1oughttheYeQr.
FRIENDS OF CIRENCESTER PAR18H CTrlllRCH MOTES TO THE P£COUNTS FOR THE YEAR ENDED 31 DECEMBER 2(125 2 Staff Co•ts 13Y24.' £nill, eth relm1xK thJw¢tr y•¥(3)24." £nni. Unre•trl¢t4d'. 4,107 215 215 8 In¥••kn•nl tnw 20,740 2Q4 2(Q5 r IeMe BoAt Clwrth 8TpthJF• 7,075
FRIENOS OF CIRENCESTER PARISH CHURCH NQYES TO THEACCOUNTS FOR THE YEAR ENDEO 31 DECEMBER 2025 2025 24 PoB( wint andBtsticfjery Prcrnotion and (veloF¥Mrrt PutlSuty Annvd Genw4 Meetingexwrffj PookkeeFing th8rg68 ExninlngArttyJntants' lee èankcharg88 185 478 731 Year ended 31 Yeareftded 31 D6Mber MothgtVluB * 1 January 939.417 1.fAO.L 11,011309) 834,518 11,016) 1.016 101898 Not RealNed IDvesknertlLosseB) IG Unredi88dlrN8y¢m8nt (LO¥) IGalr (71• k81¥due 8t31 D8¢8rnb8r Pop IO
FRIENDS OF CIRENCESTER PARISH CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DecEMBER 2025 g Flxed A116t In¥•8iM9 IGonllnu•d) 8clwdule HoTrU at 31 Doc rkntVatu• at 31 Dac MBTketValu• 8t310? 11.298 Imlgm Inv FD8 UK IALLmAT 8D fd 50.752 JHTh kndernon Globgt In¥iment Pr818r0 & BD I Inc 18.300 NINETY-ONE Fund Managern EThrglrq Mark•ts LC D•bt 34.878 Juplt•r Unlt TrLbBt MBnagerB 8tr8to&1l¢ Bond 47,974 M & G 1mltMe MoTragement Coot Bond 150 Nthlll#nd INSTL SVC Ml Tw•fttyfour I)yna¢ 8D Rwftl Dutch Shell B Ord EUR 0.07 330 BHP lI110n PLC USD O.SO 375 Dlageo OtdlThory QBX28.935 8.41)O ITV Ord GBP 0.10 1,833 N4Uonal Grfd Ord GBP 0.12431289 18,800 Irbv•#eo FUNI IP Inrn• & Grolh Z Inc 13,870 NINETY-ONE Fund Ma9*(• UK Equlty Inoj 18,0gS Unk Fund Soluoom Lid LF Und•o11 TralnlrvJ VK eqty 24,400 MAN FD MGwf UK Ltd GLG Und•N8lued A•Mt 37.125 8chrod•r Untt TST US EQTY INC Maxlrnlsor 255 Vanguard Invethnts UK Ltd US Equlty Ind•x 12,000 JP Morgan Am•rf¢on Irw••tm•ntTN•t 27 ALCON AG CHFO.04 8&ndoz Group 135 Novath AG CHF O.SO 14,875 Carrfgna¢ Ggjtn LU FP Europwn L•ad•r 24,827 BNY Mollon Fur NthOn Afi Inc 3,321 FlTrt Slot• IrN GeL EMG MKTS LDRS A Gep Wothlfldo Enowy GR ord 1,400 RhCapPartneTr Ord £1 4,eOD Fundlnth LLP Equlty I Inc Nav 10,313 NINETYUE FD MGRS Glotol Enr0ml K 49.89 Pid8tA2aet MGPGBL ENMR OPPS I DY Polafcathl Fund GBL Teth R Sty ACC 2,900 Scothh MoiP4og• IrwMtrnentTNst Onl 12,300 MAN FO UK Ltd MAN GLG UK ABS VAL 18.BOO TRITAX BIG 8OX REI 474 ISHARES Phys11 M ISHS PHYS GOLD 11.525 HICL Infra•lructur• 235.316 M & G Chart¥ Multi Aagèt Fuftd Incomg Un 97,671 CCLA COIF ChodlJosGlobal Equ Fund Inc 28.114 CCLA COIF Irw8•tsMnt Fund Ino 11.244 26,127 9.815 27.ee8 16.906 14.200 14.858 9,518 4,710 17,414 48.580 19.418 31,438 40,988 29.752 94.889 135MOO 1,829 10,S47 28,519 29,477 21,482 717 27,804 30.8e7 15,818 16.874 27,695 21.158 19.178 13.3 284.048 272,015 543.224 1079 287 938 417 Paq• li
FWEIID8QFCIPENCE8T&qPAA8H CHURCH TE8TOTHEACCOUNT8 FOR THE YEAPEND31 OECEMBERWS 1.012. 935A1• 1.D16 R4thodG•thi(L•MI P431 123 ltJl i• ChwNyFun 1.W.122 12Q).5n 246 P7.75n P7• 1MI.122 P¥•12
FRIENDS OF CIRENCESTeR PARISH CHURCH DIRECTORY AS AT APRIL 2026 REGISTERED CHARITY NUMBER: 272334 REGISTERED ADDRESS.. 6 West ma81 Placg Clrencester GL72NH PRESIDENT: The Earf Bathurst VICE PRESIDENTS- The Rl R•v Bishop of Gloucesler Mr P Beckerfegge Mr K Ronaldson Mr R Mullin CHAIRMAN HH Judg& M Gledhlll. KC VICE CHAIRMAN Mr R Mulllng$ HONORARY TREASURER Mr P Buri HONORARY SECRETARY HONORARY MEMBERSHIP SECRETARY L HHditth INDEPENDENT EXAMINERS Ruth Herbort FCCA enn Towissnd Chartered Accountants W8temwor Poinl. Watemioor Road Cir¢n¢&$ter GL71LF BANKERS 84rtlays Bank pl¢ P•9• 13