Parochial Church Council of St John the Baptist Batheaston with St Catherine Registered Charity No. 1127364 Annual Report & Accounting Statements for the Year Ending st 31 December 2025 DIOC.ESE OF Bath&Wells Living the story. Telling the story. PART 2- Financlal Review and Statement of Accounts The Accounts and Financial Statements for the year ended 31, December 2025 are part of theAnnual Report. The accounts have been independently examined by Tom Case FCA whose report is included. Total receipts were £68,305 excluding a legacy of £25,000 down £4,60515.6%1 in comparison to 2024 of £72,370. Planned giving through envelopes, banker's orders and collections were down 6.2%. £8,366 was recovered from HMRC during the year representing tax of gift aid payments received in the year. We held a number of fund raising events in 2025 which raised funds for the church and also brought in new faces to the events. We were grateful for a legacy from Mrs Adela Katherine Walters of £25,000 and this has been designated for decorating St Johns. Receipts Planned Giving, Collection at Services Strutt Bequest London Diocesan Fund Friends of St Catherine/St John Building Funds Gift Aid Recurring Grants Fundraising Events Dividends & Interest Income from Properties Total Parochial Fees Income from Church Activities Other 2025 29,230 4,100 1,245 8,366 763 12.805 7.864 200 2,796 936 2024 31,162 4,070 I,iio 9,025 1,936 11,141 9,205 40 3,428 1,115 138 Variance Variance % -1,932 -6.2% 30 0.7% 135 12.2% -659 -7.3% -1.173 -60.6% 1,664 14.9% -1,341 160 -632 -179 -14.6% 400.0% -18.4% -16.1% -138 -100.0% -4,065 -5.6% 24,900 24900.0% 20,835 28.7% Sub Total Legacy Received Total Receipts 68,305 25,000 93,305 72,370 loo 72,470 Total payments were £81,625 in comparison to 2024 of £82,147. Payments Fund Raising Costs Donations/Grants to Charities & Mission Giving Parish Share Salaries & Wages Clergy Expenses Other Expenses Local Mission and Evangelism Projects Insurance costs Minor Repairs/Routine Maintenance Administration cost5 Other Church Expenses/prowsion of Services Churchyard M3intenance Flowers Music costs Heating & Lighting costs Governance Costs Service Fee Remittance to visiting Minister Sundry Expenses Major Repairs/Redecoration to Church Building Major Repairs/Redecoration to other properties 2025 -L,687 -5,461 -44.932 -3,260 -1,562 -456 -800 -3,672 -1,176 -667 -818 -240 2024 -1,830 -4,905 -44,180 -5,399 -1.799 -189 -830 -3,579 -3.311 -781 476 -364 -130 -831 -5,017 -480 -50 -1.488 -6,508 Variance Variance 143 7.8% -556 -11.3% -752 -1.7% 2,139 39.6% 237 13.2% -267 -141.2% 30 3.6% -93 2.135 114 -342 124 130 -12 -1.235 -18 -2.6% 64.5% 14.6% -71.8% 34.1% ioo.D% -1.5% -24.6% -3.8% o.oy. -843 -6,252 -498 -50 -561 -310 -8.380 927 6,198 -8,380 62.3% 95.2% 0.0% Total Payments -81,625 -82.147 522 0.6% Net Receipts/Payments 11,680 -9.677 21,357 220.7% The main areas of outgoings in 2025 were.. l. The PCC donated to a range of charities selected by the PCC.. DEC Middle East Humatarian Appeal Water Aid Annual Sub to Friends of Somer5et Churches and Chapels Bath Welcomes Refugees Christian Aid Week Genesis Trust Bath Save the Children Christmas Giving - Batheaston Youth Club Christmas Giving - St Francis Christmas Giving- British Red Cross Other £303.51 £790.00 £50.00 £220.00 £940.50 £722.86 £918.69 £389.06 £214.06 £189.09 £722.86 Total £5,460.63 2. Parish Share1£44,9321 is a lèrge expense representing 54°A of the total expenditure. This increased from £44,180 in 2024, an increase of 1.70 3. Administration costs 1£3,2601 included salaries for organists and administrative assistant. 4. Repairs to church buildin85: Memorial Wall Repair Hillside Trees Tree SuNey £7,300.00 £1,080.00 Total £8,380.00 As in previous years the Parochial Church Council IPCCI identifies and accounts for a number of restricted and designated funds as well as an unrestricted General Fund, in accordance with charity law. Restricted Funds comprise of money which has been given to the PCC with a restriction on its use for particular purposes. Such funds cannot be used for other expenditure without the permission of the donor or, if this is not possible, the Charity Commission. Restricted funds held in 2025 were as follows: Stjohn Repoir Fund-. Money collected through fundraising to repair the church building. St John Internal Repairs and Heating.. A fund established for the improvement of the interior of St Johns church including improved heating, lighting and decorations. St Catherine Legacy & Fabric.. Money donated specifically for St Catherine's Church including legacies St Catherine Music Fund.. Income from the Strutt Trust for the provision of music at St Catherine's Church Friends of St Cotherine'5 Church: Donations from Friends of St Catherine for expenditure on St Catherine's Church a5 agreed by the PCC in consultation with the Friend5 of St Catherine Short-life restricted funds have also been established and spent on specific projects. There are also a number of "designated" funds which have been set aside by the PCC for particular purposes but which can be used for general purposes if required. One of these is the 5t John Special Designated Funds held to ensure that legacy to the church (from the late Ted White in 20191 are Spent in a manner appropriate to a legacy at the discretion of the PCC. The St Catherine Designated Fund is used to track expenditure on the running costs of St Catherine's Church. This is held at zero at the year end with excess expenditure1£3,9371 being met from Ted White Desi8nated Fund in 2025. In 2025 £15,000 was transferred from the Deposit Account IReservesl to subsidise day to day expenditure. The legacy of £25,000 received in 2025 from Mrs Adela Ketherine Walters had been designated for redecorating St Johns. The net result for the year was an excess of receipts over payment of £11,680, however excluding the legacy of £25,000 the result is a deficit of receipts over payments of £13,320. If the repairs to the Memorial Wall are excluded the deficit reduces to £6,020. Parochial FEeS Notè The PCC ￿[￿ve￿ paroKhial fee5 as deLailed below during Ihe year Pari is In3do up of SEatLlttsry lees due w Ehe PCC Oi. the D8F. as prepRred by the Archb15hDPS Couniil uiider Ihe Eccle51astical Fee5 Measure 1986. The biilance ie13tes ts) charges as Iixed by the PCC lor Extra5 such as bells. flowers and 5wial hehting. or p41d to visitirvg ministei s. KeJdeiS or Non-stipendiaiy MiniSiers as Sei oui In Iho DBPS Paroch￿1 Fees policy 01 these fees only Ehe amount the io the PCC Istawloiy & non-stacuioryl is shown abtrve 3$ legally ihe amouni due 10 DBF and othei- Min￿sterS la5 Sei out the D8F PDlicyl should not be treaLed a5 PCC Iiicofflo Dvi'4ng Ihc year. the PCC receivcd Piirochial lees totslling Statutory Fots co cho PCC E¢lhlltsl [4,236.00 1,875.00 £1,285.tsty Stiiruiory Fccs f¢ttivod on behal* ¢1 a third party Nofi-SirltUlLMy Extris dv¢ Ihc PCC roialled Non-StutUt￿7 Exiris diic to li third parry torallcd Tbe PCC dilso I'eceived Deposiis lor thÈ fdltswihg yèAr i(￿1111m& c771.fyo L155.N £150.QO 8t7Jon¢e owed ot yeor-end litlc. in C￿dItors) ln total thc PCC rcpiid thc fr110￿1Thg Fees duriog the lear PaY￿￿t to DBF ￿ Sialill￿￿ Fc Paymcni tg Visiting ministty51Rcader%lNSMs Piymeni to viSitlDg m11115terslRe.Idei'slNSMs £1,185.lJ0 £0.00 10.00 155.00 £0.00 Bathe2Ston with St Catherine's Receipts & Payments Account for the yeor ended 31 December 2025 2025 2024 Receipts Donal￿n5 aDd Legac*s". Flar￿￿o&ly1TrI Collcciions. doThations & otherglvlng lThcome ￿ recovered 14.8•3 25.129 4.277 822 5.345 7.741 257 9,Q25 Lex3cies 25.0￿) 25.000 Maga¥inelBooksull saksNall LettinES et( Income IroTh tsther Prtyeryies itso 40 Annual Fetelevenr5 11805 12,805 Receipcs from InvesLments'. Intetysr 8 dlvidends 7.864 Y,864 9.205 ReceipLS frotn Charitabk acrwlt*S'. r¢¢hiil fees 2.796 1,796 3.428 Oiher Receipts Sale procoods fixed a&set5 LO￿5 receiyed OthEr 936 936 Total Receipts 61,233 26.359 5.71J 93 JOS 72.470 Payments p￿a￿an${GrantS w charitse5 15,4611 18WI 15MéII 14.9051 18301 MiSSiOD & Evan¥elth Pansh Shar 116231 144,9311 Cleryy expens Church running expenses Churchyard miinienatsce C05tof r2i51Thg fuThds 17.4841 12401 4381 19.0891 11401 Supkwt ¢o5ts AdMIDiSlration costs linc. staff tosrsl GoVerna￿e Costs 1506) 13.59n 14961 {3,¥17) 1498) 14.25J) Other 15051 15.0611 Maior expendilure Repair5 t(>church ￿ldIng$ Repairs rooiher properyy Caw¢al pU￿hasE5￿￿dd1ti0n Loan rep)ymenis (a3WI Total p4ym•nts (75,057) 15,2951 11.273) 181.625) 182.1471 Surplu51lOefKitl of Rece41ts ov•r payments {13,824) 21,064 11,6BO 19.074 15.(h)O &501 2.003 Cd511 01 151552 187.78CI 31 Dec IAClknolB￿Tr(e1 2.%9 189,783 17a103 ASSETS 2024 CCLAChurch bo•rdofFlMr￿* E*Foif(Account Co.o•MtiW 173.137 TOTAL L￿.574 178.735 TPANSArfioNs NOT REC¢MCIIEDATYEAR END 783 ExpEnthlvie TOTAL .632 IET CUPREtyT ASSETS 189.78a L78.101 lince4t QIJèDuary2025 RosDurcos EKpeDd £0 £0 É1358 £0 £0 EO 5p¢xi41 D¢Y￿aled FuTh&ifÈd White L￿•￿vI £150.739 Éo £131.802 £0 £3.937 £0 EQ 5tJoth55pecwl De51¥￿ted FundYoL*hWDikèr £0 Ésth) É1.286 Éo EO EO £D £5 Eo Éo É25.QQ LegbcvfvlisAdÈlè KatherineWolter5 E25.LK Éo E25mO UNftÉSTRItTEt>FUM05 £is.rKM> £2571 E93.305 EQ IL,680 Notes to the Financial Statements For the year ended 31 December 2025 I. ACCOUNTING POLICIES The finallcial statements have been prepared in accordance with the Church Accounting Regulations 2016 together with applicable accounting standards and the SORP 2019 IFRS 1021. The financial statements have been prepared on the Receipts & Payments Basis under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include any accounts of informal gatherings of church members. Fund5 Re5trictedfunds represent lal income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and Ibl donations or grants received for a specific objett. The funds may only be expended on the specific object for which they were given. Any b31ance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not normally invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used by the PCC for ordinary purposes. They include Designoted Fund5 which have been allocated by the PCC for a specific purpose, but which could be made available for general purposes. Incoming resources Planned givin& collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is claimed. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for 8ross. Resources expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. Flxed assets Consecrated and benefice property is not included in the accounts in accordance with the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on Special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. Equipment used within the church premises is depreciated on a straight-line basis over three years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired. Reserves The PCC has adopted a policy of trying to maintain a balance on unrestricted funds that equates to at least three months, unrestricted payments. This is equivalent to about £15,000. It is held to smooth out fluctuation5 in cash flow and to meet emergencies. The General Fund reserves remain below£15,000 but in an emergencythe PCC would be able to draw on money in the Special Designated Funds. 2. STAFF COSTS During the year the PCC paid the costs of an administrator shared with St Swithuns. 3. PAYMENTS TO PCC MEMBERS No other payments were made to any PCC member apart from reimbursement of purchases of materials and consumables made on behalf of the PCC. 4 FIXED ASSETS- Tangible For information only Church Land Equipment TOTAL Cost at l January 2025 Additionsldisposals at 31 December 2025 3,370 3,370 3,370 3,370 Depreciation at ljanuary 2025 charged this year at 31 December 2025 Net book value at 31 December 2025 5 FUNDS The restricted funds include the St John Repairs Fund, St Catherine Legacy & Fabric, St Catherine Music Fund (Strutt bequest for the benefit of music at St Catherine's), and the Friends of St Catherine's Church. The PCC has also set up a designated fund for day-to-day income and expenditure in respect of St Catherine's church. However, this is treated as an unrestricted fund a5 It is in the power of the PCC to use this money for general purpose5 if it sees fit. other designated fund5 relate to a Choir Fund and Special Designated Fund established for the receipt of one legacv. 6 CHARITABLE GIVING Charitable giving included the following payments.. DEC Middle East Humatarian Appeal Water Aid Annual Sub to Friends of Somerset Churches and Chapels 8ath Welcomes Refugees Christian Aid Week Genesis Trust Bath Save the Children Christmas Giving- Batheaston Youth Club Christmas Giving- St Francis £303.51 £790.00 £50.00 £220.00 £940.50 £722.86 £918.69 £389.06 £214.06 io Christmas Giving- British Red Cross Other £189.09 £722.86 Total £5,460.63 7. STOCK There was no stock of goods unsold at 31 December 2025. These Financlal Statements were approved by the Parochlal Church Councll on and Signed on its behalf bv ° ￿a(ch ioz John Cornfield, PCC Honorary Treasurer Approved at the Annual Parochial Church Meetln8 held on alr li Independent Examinerfs report to the PCC of St John the Baptist with St Catherine, Batheaston I report on the financial statements of the PCC for the year ended 31 December 2025, which are set out in the Annual Repon & Flnanclal Statements. Respèctlve responsibilities of the PCC and the examiner The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 as amended by the Charities Art 2011 IAccounts and Audit) Order 2015 and that an independent examination is needed. It is my responsibility to.. examine the accounts lunder section 145 of the Act) follow the procedures laid down in the General Directions given by the Charity Commi55ion (under section 14515llbl of the Act) and State whether particular matters have come to my attention Basls ol this report My examination was carried out in atcordance with the General Dirertions 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 considering any unusual items or d*sclosures in the financial 5tatement5 and seeking explanations from you as trustees concerning any such matters. The pmcedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examlnerfs Statsment In connettion with my exarnination no matter has come to my attention.. which gives rne reasonable cause to believe that In any material respect the requirements to keep accounting records in accordance with section 130 of the Act.. and to prepare financial statements, which accord with the accounting records and comply with the requirements of the Art and the Regulations hève not been met- or 121 to which, in my opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be reached. T R Case BSC FCA Case Accounting Ltd 20 Goodwood Way Chlppenham Wiltshire SN14 OSY Signed Date ........M(L,.th..2a2£.... 12