Receipts and Payments Account for the year ended 31 December 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Endowment|Total|Total|
|funds|funds|funds|funds|funds|funds|
|2025|2025|2025|2025|2025|2024|
|£|£|£|£|£|£|
|Receipts|
|Donations & plate collections|78,999.52|—|792.07|—|79,791.59|71,895.66|
|Proceeds from Fund Raising Events|8,741.00|-—|—|—|8,741.00|7,505.68|
|Legacies|—|—|—|—|—|1,000.00|
|Bank|& Deposit interest|6,151.00|—|——|—|6,151.00|4,899.44|
|Investment income|—|—|119.34|—|119.34|113.15|
|Rental of|premises|725.00|—|—|—|725.00|285.00|
|Grants|—|—|—|—|—|540.00|
|Other Receipts|980.00|—|—|—|980.00|655.65|
|Receipts|from Parish Organisations|—|1,100.00|——|—|1,100.00|1,829.20|
|Total Receipts|95,596.52|1,100.00|911.41|—|97,607.93,|88,723.78|
|Payments|
|Diocesan|Costs/Assessment|60,983.12|—|119.34|—|61,102.46|59,250.8]|
|Church & Hall Running Costs|6,169.29|—|—-|—|6,169.29|9,185.45|
|Glebe/Rectory Costs|6,459.55|—|—|—|6,459.55|1,806.50|
|Administrative|Costs|2,756.47|—|—|—|2,756.47|2,719.14|
|Fundraising Costs|1,600.00|—|—|—|1,600.00|922.40|
|Charitable Donations|3,207.93|—|792.07|—|4,000.00|5,054.10|
|Payments from Parish Organisations|540.27|~=—-:1,341.63|—|—|1,881.90|2,597.38|
|Funds|Transferred|to|Investments|—|—|—|—|—|—|
|Total Payments|81,535.78|
|Excess/(eficit)|of receipts|over|
|payments for the year before transfers|13,879.89|(241.63)|—|—|13,638.26|7,188.00|
|Transfers|
|Gross|transfers|between|funds|-|in|—|—|—|—|—|—|
|Gross transfers between funds|- out|—|—|—-|—|—|—|
|Excess/(Deficit)|of receipts|
|over payments for the year|{13,879.89|(241.63)|——|—|13,638.26|7,188.00|
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On Behalf of the Trustees
Trustee 1 A Irwiw Rector
Trustee 2 R Joseph Keyy
Church Treasurer
Page 7
Statement of Assets and Liabilities as at 31 December 2025
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|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Endowment|Total|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2025|2025|2025|2025|2025|2024|
|£|£|£|£|£|£|
|Cash|Funds|
|General Purposes Account|51,374.92|-|-|-|51,374.92|47,512.15|
|Maintenance Account|16,501.03|-|-|-|16,501.03|16,484.64|
|Danske Savings Account|70,000.00|-|-|-|70,000.00|60,000.00|
|Progressive Savings Account|29.80|-|-|-|29.80|29.07|
|Bowling|Club Bank|
|Account & Cash Balance|-|849.95|-|-|$49.95|945.54|
|Young at Heart Account|-|967.69|-|-|967.69|1,113.73|
|Total Cash Funds|137,905.75|1,817.64|-|-|139,723.39|||126,085.13|
|Investment|Assets|
|Fixed|Term|Deposit|
|Account Bequests|-|-|-|68,663.15|68,663.15|68,663.15|
|RCB Investments|-|-|-|10,697.79|10,697.79|9,820.84|
|Total Investment Assets|-|-|-|79,360.94|79,360.94|78,483.99|
|Assets|retained|for the|
|Parish’s|own|use|
|Church Hall|300,000.00|-|-|-|300,000.00|300,000.00|
|Glebe House/Rectory|180,000.00|-|-|-|180,000.00|180,000.00|
|Fixtures and Fittings|-|-|-|-|-|886.00|
|Total|Assets|retained|for the|
|Parish’s own use|480,000.00|-|-|-|480,000.00|| 480,886.00|
|Total Assets|617,905.75|1,817.64|-|79,360.94|699,084.33|| 685,455.12|
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On Behalf of the Trustees
Trustee 1 A Irwiw Rector
Trustee2 R Joseph Keyy Church Treasurer
Page 8
Notes to the financial statements for the year ended 31 December 2025
1. Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities
(a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for ‘on a cash receipts basis.
(b) Statement of Assets and Liabilities
(i) Assets retainedfor the Parish’s own use
The assets of the Parish, retained for its own use comprise:-
-
e Church Building and Graveyard
-
e Church Hall e Glebe House/Rectory e Fixtures and fittings
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish.
The Church Hall was built around 2006/2007 and was officially opened in 2007. It is recognised in the statement of assets and liabilities at its approximate cost of construction. No depreciation has been provided on the Church Hall as its current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
The Glebe House/Rectory is recognised at deemed cost, being the capital value placed on the property for Rates purposes. No depreciation has been provided on the Glebe House/Rectory as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a period of 5 years. The Church has set a minimum threshold of cost for an item of £1,000 for it to be considered to be capitalised as a fixed asset.
(ii) Investments
Fixed asset investments comprising Fixed Term Deposit Account Bequests and Representative Church Body (RCB) Investments are initially recorded at cost and are then subsequently stated at fair value at each year end date.
Page 9
Notes to the financial statements for the year ended 31 December 2025 (continued)
2. Reconciliation of Cash Funds
£ Total Cash Funds at Beginning of the year 126,085.13 Receipts for the Year 97,607.93 Payments for the Year (83,969.67) Total Cash Funds at end of the year £139,723.39
3. Movement in Funds
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|---|---|---|---|---|---|---|---|---|
|Assets|
|Acquired net of|
|At 1 Jan|Incoming|Outgoing|Sales and|Investment|At 33 Dec|
|2025|Resources|Resources|Transfers|Depreciation|Gain/(Loss)|2025|
|£|£|£|£|£|£|£|
|Endowment|funds|
|FixedAccount Term BequestsDeposit|68,663.15|-|-|-|-|-|68,663.15|
|RCB Investments|9,820.84|:|-|-|-|876.95|10,697.79|
|78,483.99|-|-|-|-|876.95|79,360.94|
|Restricted|funds|
|Sundry Restricted Funds|-|911.41|(911.41)|-|-|.|>|
|-|911.41|(911.41)|;|-|-|-|
|Unrestricted|funds|
|Designated Bowling Club Fund|945.54|630.00|(725.59)|-|-|-|$49.95|
|Designated|Young at Heart Fund|1,113.73|470.00|(616.04)|-|-|-|967.69|
|General Fund|604,911.86|95,596.52|(81,716.63)|-|(886.00)|-|617,905.75|
|606,971.13|96,696.52|(83,058.26)|-|(886.00)|-|619,723.39|
|Total funds|685,455.12|97,607.93|(83,969.67)|-|(886.00)|876.95|699,084.33|
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Purposes of Endowment Funds
~The Fixed Term Deposit Account Bequests and the RCB Investments relate to various permanent endowments that the Church has received that are invested with banks or building societies and the Representative Church Body with the income each year from such investments being paid to the Church for general Church purposes.
Purposes of Restricted Funds
—Sundry Restricted Funds: These relate to various sundry restricted monies received.
Page 10
Notes to the financial statements for the year ended 31 December 2025 (continued)
3. Movement in Funds (continued)
Purposes of Designated Funds
-
Bowling Club Fund: These funds have been set aside for the activities of the Church’s Bowling Club.
-
Young at Heart Fund: These funds have been set aside for the activities of the Church’s Young at Heart Group.
4. Collections for Third Parties Third Parties Parties
Collections for Third Parties Third Parties Parties £ Mission Funds 692.07 Earl Haig Fund 100.00 £792.07
The above amounts have been included in Receipts for the Year under “Donations & plate collections” and in Payments for the year under “Charitable Donations”.
5. Transactions with the Trustees
The Church paid expenses of £6,459.55 during the year relating to the running and maintenance costs of the Glebe House/Rectory, which is occupied by the Rector.
6. Governance Costs
Governance costs of £654 were incurred during the year ended 31 December 2025 which solely relate to fees paid to the Independent Examiner of the Church’s accounts. Governance costs are included within Administrative Costs in the Receipts and Payments Accounts.
Page 11