;
,
Somerset Churches Trust Receipts and Payments Account for the Year Ended 30 June 2025
==> picture [521 x 574] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|Total|2024|
|funds|funds|funds|funds|
|£|£|£|£|£|
|RECEIPTS|
|Subscriptions|16,031|16,031|16,278|
|including tax|relief on|subscriptions|
|Donations|
|Legacies|(see note|3)|2,000|2,000|5,000|
|General|(inc|tax|relief on|donations)|967|967|2,063|
|Interest|and|dividends|
|Deposit|account|interest|6,281|6,281|3,424|
|Investment|income|0|995|995|973|
|Events|
|2023|Ride+Stride|(inc|tax|relief on R+S)|639|639|816|
|(allowing|for payaways|of £265.50)|
|Church|visits|and|other|events|0|0|45|
|Publications|and|advertising|0|0|20|
|Total|Income|25,918|995|0|26,913|28,619|
|PAYMENTS|
|Postage|and|general|expenses|0|-|-|0|0|
|Subscriptions|and|donations|(50)|-|-|(50)|(98)|
|Membership|administration|(931)|-|-|(931)|(1,184)|
|Website|maintenance|and|software|(430)|-|-|(430)|(487)|
|Insurance|(271)|-|-|(271)|(271)|
|Events|(600)|-|-|(600)|(58)|
|Trustee|expenses|(note|4)|0|-|-|0|(232)|
|Bank|charges|(60)|-|-|(60)|(60)|
|Total expenses|(2,342)|0|0|(2,342)|(2,390)|
|SURPLUS|BEFORE|GRANTS|PAID|23,576|995|-|0|24,571|26,229|
|GRANTS PAID|(note|6)|(4,000)|(1,500)|0|(5,500)|(14,500)|
|EXCESS OF RECEIPTS|
|OVER PAYMENTS|19,576|(505)|0|19,071|11,729|
----- End of picture text -----
page 5
Somerset Churches Trust Statement of Assets and Liabilities as at 30 June 2025
ASSETS
| ASSETS | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Funds | Funds | Fund | Funds | Funds | ||
| (note | 6) | 2025 | 2024 | |||
| £ | £ | £ | £ | £ | ||
| Investment (at marketvalue) | ||||||
| Charities Official InvestmentFund (COIF): | ||||||
| 1,779.3 Income Units (note 5) | - | - | 34,544 | 34,544 | 36,194 | |
| BankBalances (note 2) | 196,961 | 468 | 0 | 197,429 | 177,356 | |
| Total Funds | 196,961 | 468 | 34,544 | 231,973 | 213,550 | |
| SOURCE OF FUNDS | ||||||
| Funds Brought Forward | 176,383 | 973 | 36,194 | 213,550 | 199,091 | |
| Investment gain in year | (1,650) | (1,650) | 2,730 | |||
| Surplus forthe year | 23,576 | 995 | 0 | 24,571 | 26,229 | |
| Grants paid (note 7) | (4,000) | (1,500) | 0 | (5,500) | (14,500) | |
| Funds carried forward | 195,959 | 468 | 34,544 | 230,971 | 213,550 | |
| Grants approved but not paid | ||||||
| at30June2025(note7) | (4,000) | (2,000) | - | (6,000) | (4,000) |
Approved by the Trustees and signed on their behalf by:
Anthony L Davies MA MBA FIC CMC (Hon Treasurer)
page 6
Somerset Churches Trust Notes to the Accounts for the Year Ended 30 June 2025
- 1 The accounts have been prepared in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice. All transactions are accounted for on a receipts and payments basis.
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2|Bank balances,|except|funds|for immediate|needs,|are where possible|held|in|interest|bearing|accounts:|
|NatWest|(incl.|uncleared|deposit)|£37,320|
|CAF|Bank|£93,457|
|United|Trust Bank|(closed|in|June|2025)|£0|
|Shawbrook|Bank|£52,023|
|COIF Deposit account|£14,629|
|TOTAL OF ALL ACCOUNTS|£197,429|
|3|During the period,|one|legacy was|received|from|the|estate|of:|
|Mrs|Rowena Wallace|£2,000.00|
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- 4 No Trustee received any remuneration or other benefits during the current or previous year. Routine out of pocket expenses such as postage, stationery and approved travel expenses can be reimbursed.
5 Endowment Fund at market value (permanent fund) This represents a legacy of £20,000 from the late Robert Hill. The income is restricted to be used for grants to churches in the Axbridge deanery of the diocese of Bath and Wells .
£
Balance at 30 June 2024 36,194
Investment gain/(loss) (1,650)
Balance at 30 June 2025 34,544
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||||||||||
|---|---|---|---|---|---|---|---|---|
|6|Restricted|Fund|
|To be used|only|for grants|to|churches|in|the|Axbridge|Deanery|
|£|
|Balance|at|30|June|2024|973|
|Dividend|income|995|
|Grants|paid to|Axbridge|Deanery|churches|(1,500)|
|Balance|at|30|June|2025|468|
----- End of picture text -----
page 7
7
Somerset Churches Trust Notes to the Accounts for the Year Ended 30 June 2025
| 7 | Grants paid in theyear2024-25 | £ |
|---|---|---|
| Holy Cross, Babcary | £2,000 | |
| StNicholas&BVM, Stowey | £2,000 | |
| St John, Axbridge (inAxbridge Deanery) | £1,500 | |
| £5,500 |
| Grants outstanding at30June2025 | £ |
|---|---|
| StLeonard, Shipham (in Axbridge Deanery) | £2,000 |
| Holy Trinity, Ash Priors | £2,000 |
| BVM, North Petherton | £2,000 |
| £6,000 |
page 8
, 4
SOMERSET CHURCHES TRUST
Independent examiner’s report to the Trustees of Somerset Churches Trust
I report on the accounts of the Trust for the year ended 30 June 2025, which are set out on pages 5 to 8.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
e examine the accounts under section 145 of the Charities Act;
-
e follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and
-
e — state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts, which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Roland J. Adamson BA FCA
Chartered Accountant
45 Shakespeare Avenue Bath BA2 4RG
11 December 2025