CHARITY REGISTRATION NUMBER: 1128003
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Annual Report and Financial Statements
31 December 2025
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Annual Report and Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the annual report and financial statements | 8 |
| The following pages do not form part of the annual report and financial statements | |
| Detailed statement of financial activities | 20 |
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report
Year ended 31 December 2025
The trustees present their report and the unaudited Annual Report and Financial Statements of the charity for the year ended 31 December 2025.
ADMINISTRATIVE INFORMATION
Registered charity name The Parochial Church Council of The Ecclesiastical Parish of Wembdon Charity registration number 1128003 Principal office The Vicarage 12 Greenacre Wembdon Bridgwater Somerset TA6 7RD
Membership
The charity trustees are members of the PCC and are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.
PCC members who have served since 1st January 2025 until the date this report was approved, are as follows:
Ex Officio members:
• Incumbent Revd Dr Ed Moll Chair • Associate Minister Revd Simon Taylor • Churchwarden Mr Paul Hodge Vice-chair • Deputy Churchwarden Mr Keith Ballard Representatives on the Deanery Synod: Mrs Katherine Cannell Mrs Chris Hurst Mrs Sue Dempsey Elected Members: Mr Terry Ackroyd Treasurer Mrs Sue Pow Secretary Mr Graham Pow Mrs Sally Ackroyd Mr Russell Parsons Mr Andrew Smallwood until March 2025 Mr Julian Cann until April 2025 Dr Andrew Douglass until April 2025 Mr Mark Casey Mrs Sandra Jarvis from April 2025 Mrs Kenny Adesola from April 2025 Mr Andrew Webb from April 2025
Independent examiner Kelly Davies FCCA Westcotts Chartered Accountants 7 Castle Street Bridgwater Somerset TA6 3DD
- 1 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity: number 1128003
PCC members are appointed as described above and the Electoral Roll of those eligible to elect PCC members stood at 143 in May 2025.
OBJECTIVES AND ACTIVITIES
Public Benefit
Wembdon PCC has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical, including the following activities conducted under the authority of the Church of England for the benefit of the public:
-
regular public worship open to all
-
provision of sacred space for personal prayer and contemplation
-
pastoral work, including visiting the sick and bereaved
-
teaching of Christianity through sermons, courses and small groups
-
taking of Christian assemblies in schools
-
the provision of activities for senior citizens and for parents and toddlers- supporting other charities in the UK and overseas
Activities and Priorities
The work of the PCC is supported by that of several subgroups: Fabric, Finance, Safeguarding & Policy, the Parish Centre and Mission. These are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary.
The trustees (the PCC) confirm that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity's Aims and Objectives and in planning future activities. The PCC is also specifically responsible for the maintenance of the Parish Centre opposite St George's Church, in Church Road, Wembdon. When planning the church's activities for the year, the PCC considered the need for good governance, and have sought to deploy the resources of the church to best fulfil the aims.
The Parish Safeguarding Officer, Mr Julian Cann, confirms that the Council has complied with the duty under section 5 of the 'Safeguarding and Clergy Discipline Measure, 2016' (duty to have due regards to the House of Bishops' guidance on safeguarding children and vulnerable adults - section 9.2A).
The full PCC met on 8 occasions during the year, all in person and there were 5 Standing Committee meetings, three being by email. Meetings always opened in prayer and with opening remarks from the Vicar.
The items discussed during these meetings included regular updates on finance and the PCC budget, staffing and Parochial Fees. The PCC were regularly updated on the Church of England's Living in Love and Faith Process and the House of Bishops' Proposals for Prayers of Love and Faith, and after careful consideration decided to use the Diocesan Restricted Fund to pay Benefice Share.
The PCC received regular updates on the church's work with children and young people, and appointed a Youth and Families Worker who is due to take up the post in September 2026. The PCC seeks to find and appoint a replacement Ministry Coordinator.
The PCC continued to deal with restoration of the church roof which had been damaged both by storms in 2024 and by historic beetle infestation. Restoration work was finally able to commence in January 2026. The PCC also progressed the proposed resurfacing of the lower church car park, acting on behalf of Wembdon Common Lands Trust.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2025
OBJECTIVES AND ACTIVITIES (continued)
Safeguarding was a standing item including regular updates on Safeguarding from the Parish Safeguarding Officer.
Church policies were regularly reviewed, revised and readopted. Issues relating to Health & Safety were regularly reviewed with information given by the Church Warden. Reviews on the Fabric of the Church were regularly given by a member of the Church Fabric Group including giving reference to quinquennial repairs.
Other issues that were discussed throughout the year included Electoral Roll changes, updates to the Mission partners and links, Parish Centre development plans. All Church Subgroups presented the minutes of their meetings to the PCC for information throughout the year.
The Standing Committee met in between PCC meetings and focussed on matters related to work on the church roof, on the church car park and on tree work in the churchyard.
The PCC has continued to support the teaching and pastoral ministry of the church, which it sees as the major means of equipping members for fruitful discipleship.
FINANCIAL REVIEW
Total income for the year (including donations, legacies, other income and grants amounted to £280,111 (2024 - £186,124)
Donations (Giving)
Total receipts of regular donations (giving) on ordinary unrestricted funds (excl. gift aid) were £84,034 in 2025, up from £83,534 in 2024. This represents a increase of 6.0%.
Grants Received
Restricted income grants by outside bodies to supporting ministry staff, the churchyard and youth work amounted to £35,205.
Detail on Unrestricted Giving
Regular, planned giving by standing orders and envelopes is critical to our mission at St. Georges, making up the core of our unrestricted giving. These regular donations from our members make up more than 95% or our unrestricted income from giving.
The most important aspect of this planned regular giving is by standing order to the General Fund or through organisations such as the Charities Aid Foundation. This provides us with confidence that we can plan ahead to meet our commitments. We currently have 77 regular donors representing 116 members (average 1.5 members per donor) giving by this method.
Total funds raised through standing orders/CAF excluding envelopes were £77,228. This represents an average standing order donation of £84 per month or £1,003 for the year. Thank you to our members giving in this way. See chart below.
| Donors | Total | Av. per Year | Av. per Month |
|||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| 2020 | 81 | 73,864 | 912 | 76 | ||
| 2021 | 81 | 82,116 | 1,014 | 85 | ||
| 2022 | 79 | 75,425 | 955 | _79 _ | ||
| 2023 | 77 | 77,880 | 1,011 | 84 | ||
| 2024 | 79 | 76,981 | 974 | 81 | ||
| 2025 | 77 | 77,228 | 1,003 | 84 |
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | £ | £ | |
| Income and endowments | ||||||
| Donations and legacies | 4 | 103,006 |
120,245 | – | 223,250 | 134,103 |
| Charitable activities | 5 | 52,042 |
– | – | 52,042 | 49,345 |
| Investment income | 6 | 2,062 |
40 | – | 2,101 | 1,026 |
| Other income | 7 | 2,703 |
15 | – | 2,718 | 1,650 |
| ----------------------------- | ----------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Total income | 159,813 | 120,300 | – | 280,111 | 186,124 | |
| ============================= | ============================= | ============ | ============================= | ============================= | ||
| Expenditure | ||||||
| Expenditure on charitable | ||||||
| activities | 8 | 150,886 |
36,855 | – | 187,739 | 208,320 |
| ----------------------------- | ----------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Total expenditure | 150,886 | 36,855 | – | 187,739 | 208,320 | |
| ============================= | ============================= | ============ | ============================= | ============================= | ||
| ----------------------------- | ----------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Net income/(expenditure) | 8,927 | 83,445 | – | 92,372 | (22,196) | |
| ============================= | ============================= | ============ | ============================= | ============================= | ||
| Other recognised gains | and | losses | ||||
| Investment valuation | ||||||
| gains/(losses) | – | – | (63) | (63) | 29 | |
| ----------------------------- | ----------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Net movement in funds | 8,927 | 83,445 | (63) | 92,309 | (22,167) | |
| Reconciliation of funds | ||||||
| Total funds brought forward | 637,237 | 4,582 | 1,319 | 643,138 | 665,304 | |
| ----------------------------- | ----------------------------- | --------------------- | ----------------------------- | ----------------------------- | ||
| Total funds carried forward | 646,164 | 88,027 | 1,256 | 735,447 | 643,138 | |
| ============================= | ============================= | ===================== | ============================= | ============================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 18 form part of these Annual Report and Financial Statements.
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| TheParochial GhurchCouncilof Th Wembdon StatementofFinancia! Position 31December2025 |
e Ecc | lesiastica! | Parisho | f |
|---|---|---|---|---|
| 2025 | 2024 | |||
| Note | €€ | t, | ||
| Fixedassets | ||||
| Tangible fixedassets Hozier Bequest Endowment |
12 13 |
4/.9,429 1,256 |
459,270 1,319 |
|
| 450,685 | 460,589 | |||
| Current assets | ||||
| Debtors | 14 | 15,522 | 12,891 | |
| Cash at bank andtn hand | 279,640 | 178,053 | ||
| 295,162 | 190,944 | |||
| Creditors:amountsfallingduewithinoneyear | 16 | 10,400 | 8,395 | |
| Netcurrentassets | 284,762 | 182,549 | ||
| Total assets lesscurrent liabilities | 735,U7 | 643,138 | ||
| Netassets | 735,U7 | 643,138 | ||
| Funds of the charity Endowmentfunds |
1,256 | 1,319 | ||
| Restricted funds | 88,027 | 4,582 | ||
| Unrestrictedfunds | 646,164 | 637,236 | ||
| Total charityfunds | 18 | 735,447 | 6!!:! |
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Vicarage, 12 Greenacre, Wembdon, Bridgwater, Somerset, TA6 7RR.
2. Statement of compliance
These Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC's
The Church constitutes a public benefit entity as defined by FRS 102.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investment assets which are shown at fair value
(b) Going concern
There are no material uncertainties about the charity's ability to continue.
(c) Judgements and key sources of estimation uncertainty
Given the straightforward nature of the accounts the trustees consider that there are no key judgements or sources of estimation uncertainty.
(d) Fund accounting
Unrestricted funds are available for use at the discretion of the PCC to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the PCC for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.
The PCC administers one endowment fund - the Hozier Bequest. The capital of this fund must be maintained; only income arising from the investment in the endowment may be used as a restricted fund depending on the purpose for which the endowment was established. In the case of the Hozier Bequest, this fund is for the purpose of providing hospitality for the bell ringers from time to time.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
(e) Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
(f) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
(g) Tangible assets
Consecrated and benefice property is not included in the accounts in accordance with Section 10 (2)(a) of the Charities Act 2011.
Movable 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 and are not included on the Balance Sheet (SOFP).
Equipment used within the church premises are depreciated on a straight-line basis over five years. The Parish Centre Buildings are depreciated on a straight-line basis over fifty years. Individual items of equipment or furniture with a purchase price of £12,000 or less are written off when the asset is acquired. All fixed assets are initially recorded at cost.
(h) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings - 2% straight line Equipment - 20% straight line
- (i) Investments
Investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value at the balance sheet date using their quoted market price. The statement of financial activities includes the net gains and losses arising on valuation throughout the year.
(j) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
(k) Financial instruments
The church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transaction price and subsequently at amortised cost. These include debtors and creditors as applicable.
(l) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
| 4. | Donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Donations | ||||
| Planned Giving: General | 71,005 | – | 71,005 | |
| Planned Giving: Stewardship/CAF Donations | 8,121 | – | 8,121 | |
| Service Offertories (Open Plate) | 4,908 | – | 4,908 | |
| Legacies | ||||
| Legacies | – | 1,000 | 1,000 | |
| Gifts | ||||
| Donations | 125 | 51 | 176 | |
| Specific appeals | – | 640 | 640 | |
| Hardship fund income | – | 340 | 340 | |
| Appeal (YCW/Ministry) | – | 276 | 276 | |
| Gifts - Book for Life | – | 10,000 | 10,000 | |
| Roof Gift Appeal | – | 69,293 | 69,293 | |
| Grants | ||||
| Grants | 2,036 | 25,205 | 27,240 | |
| Other donations and legacies | ||||
| Tax Recoverable (Gift Aid) | 16,811 | 13,440 | 30,251 | |
| ----------------------------- | ----------------------------- | ----------------------------- | ||
| 103,006 | 120,245 | 223,250 | ||
| ============================= | ============================= | ============================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Planned Giving: General | 72,847 | – | 72,847 | |
| Planned Giving: Stewardship/CAF Donations | 6,614 | – | 6,614 | |
| Service Offertories (Open Plate) | 4,073 | – | 4,073 | |
| Legacies | ||||
| Legacies | 1,000 | – | 1,000 | |
| Gifts | ||||
| Donations | 670 | – | 670 | |
| Specific appeals | – | – | – | |
| Hardship fund income | – | 170 | 170 | |
| Appeal (YCW/Ministry) | – | 385 | 385 | |
| Gifts - Book for Life | – | – | – | |
| Roof Gift Appeal | – | – | – | |
| Grants | ||||
| Grants | 1,500 | 30,349 | 31,849 | |
| Other donations and legacies | ||||
| Tax Recoverable (Gift Aid) | 16,495 | – | 16,495 | |
| ----------------------------- | ------------------------- | ----------------------------- | ||
| 103,199 | 30,904 | 134,103 | ||
| ============================= | ========================= | ============================= |
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
5. Charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Youth Work Income | 2,125 | – | 2,125 | |
| Parish Centre Hire | 35,526 | – | 35,526 | |
| Parish Centre Lets | 1,337 | – | 1,337 | |
| Holiday Bible Club | 538 | – | 538 | |
| Fees (Weddings/Funerals/Churchyard) | 6,144 | – | 6,144 | |
| Coffee Shop | 2,420 | – | 2,420 | |
| Parish Centre Catering | – | – | – | |
| Photocopy Sales | 73 | – | 73 | |
| Literature/Bible Notes | 54 | – | 54 | |
| Adult Outreach Events | 3,825 | – | 3,825 | |
| ------------------------- | ------------ | ------------------------- | ||
| 52,042 | – | 52,042 | ||
| ========================= | ============ | ========================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Youth Work Income | 1,057 | – | 1,057 | |
| Parish Centre Hire | 32,676 | – | 32,676 | |
| Parish Centre Lets | 1,411 | – | 1,411 | |
| Holiday Bible Club | 414 | 487 | 901 | |
| Fees (Weddings/Funerals/Churchyard) | 5,480 | – | 5,480 | |
| Coffee Shop | 2,118 | – | 2,118 | |
| Parish Centre Catering | 60 | – | 60 | |
| Photocopy Sales | 44 | – | 44 | |
| Literature/Bible Notes | 268 | – | 268 | |
| Adult Outreach Events | 5,330 | – | 5,330 | |
| ------------------------- | ------------ | ------------------------- | ||
| 48,858 | 487 | 49,345 | ||
| ========================= | ============ | ========================= | ||
| 6. | Investment income | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Dividends and Interest Receivable | 2,062 | 40 | 2,101 | |
| ===================== | ============ | ===================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Dividends and Interest Receivable | 989 | 38 | 1,026 | |
| ============ | ============ | ===================== | ||
| 7. | Other income | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Vicars Income/Other Income | 1,951 | 15 | 1,966 | |
| Right of Way over Church Land | 752 | – | 752 | |
| --------------------- | ------------ | --------------------- | ||
| 2,703 | 15 | 2,718 | ||
| ===================== | ============ | ===================== |
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
7. Other income (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Vicars Income/Other Income | 1,025 | 15 | 1,040 | |
| Right of Way over Church Land | 610 | – | 610 | |
| --------------------- | ------------ | --------------------- | ||
| 1,635 | 15 | 1,650 | ||
| ===================== | ============ | ===================== | ||
| 8. | Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Diocesan Parish Share (Common Fund | 72,725 | – | 72,725 | |
| Adult Mission/Outreach | 3,213 | – | 3,213 | |
| Youth Mission/Outreach | 2,758 | – | 2,758 | |
| Missionaries and Charitable Giving | 9,324 | 3,533 | 12,857 | |
| Parish Office Running Costs | 3,322 | – | 3,322 | |
| Church - Running Expenses | 13,708 | 9,216 | 22,924 | |
| Staff Costs | 6,721 | 24,106 | 30,826 | |
| Upkeep of Services | 3,213 | – | 3,213 | |
| Parish Centre Running Costs | 25,461 | – | 25,461 | |
| Fixed Asset Depreciation | 9,841 | – | 9,841 | |
| Support costs | 600 | – | 599 | |
| ----------------------------- | ------------------------- | ----------------------------- | ||
| 150,886 | 36,855 | 187,739 | ||
| ============================= | ========================= | ============================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Diocesan Benefice Share (Common Fund) | 77,423 | – | 77,423 | |
| Adult Mission/Outreach | 3,544 | – | 3,544 | |
| Youth Mission/Outreach | 2,658 | – | 2,658 | |
| Missionaries and Charitable Giving | 9,331 | 750 | 10,081 | |
| Parish Office Running Costs | 3,331 | – | 3,331 | |
| Church - Running Expenses | 18,047 | 2,615 | 20,662 | |
| Staff Costs | 7,691 | 21,749 | 29,440 | |
| Upkeep of Services | 3,113 | – | 3,113 | |
| Parish Centre Running Costs | 35,320 | 12,984 | 48,304 | |
| Fixed Asset Depreciation | 9,765 | – | 9,764 | |
| ----------------------------- | ------------------------- | ----------------------------- | ||
| 170,223 | 38,098 | 208,320 | ||
| ============================= | ========================= | ============================= | ||
| 9. | Net income/(expenditure) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 9,841 | 9,764 | ||
| ===================== | ===================== | |||
| 10. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the Annual Report and Financial | Statements | 600 | – | |
| ============ | ============ |
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 40,970 | 38,844 |
| Employer contributions to pension plans | 331 | 273 |
| ------------------------- | ------------------------- | |
| 41,301 | 39,117 | |
| ========================= | ========================= |
The average head count of employees during the year was 2 (2024: 3).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.
Stipends and other benefits received by PCC member (trustees) in respect of their capacities other than trusteeship, serving as ecclesiastical office holders through the Church Commissioners (at the expense of the Diocesan Board of Finance) were:
Parochial Minister (Vicar): Stipend - £31,557 (2025/26 tax year) - £30,638 (2024/25 tax year); defined benefit pension scheme; living accommodation.
Safeguards are in place to ensure that the employees are not part of Trustee decisions surrounding employment terms and remuneration. Remuneration was paid as part of their employment package and solely for their services relating to employment and not for services as a PCC member.
13. Tangible fixed assets
| Land and | |||
|---|---|---|---|
| buildings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2025 and 31 December 2025 | 538,213 | 25,811 | 564,024 |
| ============================= | ========================= | ============================= | |
| Depreciation | |||
| At 1 January 2025 | 79,020 | 25,734 | 104,754 |
| Charge for the year | 9,764 | 77 | 9,841 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| At 31 December 2025 | 88,784 | 25,811 | 114,595 |
| ============================= | ========================= | ============================= | |
| Carrying amount | |||
| At 31 December 2025 | 449,429 | – | 449,429 |
| ============================= | ========================= | ============================= | |
| At 31 December 2024 | 459,193 | 77 | 459,270 |
| ============================= | ========================= | ============================= |
- 14 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
14. Hozier bequest endowment
| Other | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 January 2025 | 1,319 | ||
| Additions | – | ||
| Fair value movements | (63) | ||
| --------------------- | |||
| At 31 December 2025 | 1,256 | ||
| ===================== | |||
| Impairment | |||
| At 1 January 2025 and 31 December 2025 | – | ||
| ===================== | |||
| Carrying amount | |||
| At 31 December 2025 | 1,256 | ||
| ===================== | |||
| At 31 December 2024 | 1,319 | ||
| ===================== | |||
| All investments shown above are held at valuation. | |||
| 15. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 4,833 | 3,671 | |
| Prepayments and accrued tax recoverable (gift-aid) | 10,689 | 9,220 | |
| ------------------------- | ------------------------- | ||
| 15,522 | 12,891 | ||
| ========================= | ========================= | ||
| 16. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 9,120 | 7,211 | |
| Accruals and deferred income | 600 | 916 | |
| Social security and other taxes | 594 | 215 | |
| Other creditors | 86 | 53 | |
| ------------------------- | --------------------- | ||
| 10,400 ========================= |
8,395 ===================== |
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £331 (2024: £273).
- 15 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
18. Analysis of charitable funds
Unrestricted funds
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 1 Jan 2025 | Income | Expenditure | Transfers | losses | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | £ | |
| General Fund | 136,529 | 117,947 | (115,505) | – | – | 138,971 |
| Parish Centre Fund | 37,966 | 41,866 | (25,540) | – | – | 54,292 |
| Youth Work | ||||||
| Development Desig | 2,154 | – | – | – | – | 2,154 |
| Church Reordering | ||||||
| Designated | 1,319 | – | – | – | – | 1,319 |
| Fixed Assets - | ||||||
| Property Fund | 459,269 | – | (9,841) | – | – | 449,428 |
| ----------------------------- | ----------------------------- | ----------------------------- | ------------ | ------------ | ----------------------------- | |
| 637,237 | 159,813 | (150,886) | – | – | 646,164 | |
| ============================= | ============================= | ============================= | ============ | ============ | ============================= | |
| At | Gains and | At | ||||
| 1 Jan 2024 | Income | Expenditure | Transfers | losses | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | £ | |
| General Fund | 130,426 | 115,699 | (125,139) | 15,542 | – | 136,528 |
| Parish Centre Fund | 34,304 | 38,982 | (35,320) | – | – | 37,966 |
| Youth Work | ||||||
| Development Desig | 2,154 | – | – | – | – | 2,154 |
| Church Reordering | ||||||
| Designated | 16,861 | – | – | (15,542) | – | 1,319 |
| Fixed Assets - | ||||||
| Property Fund | 469,033 | – | (9,764) | – | – | 459,269 |
| ----------------------------- | ----------------------------- | ----------------------------- | ------------------------- | ------------ | ----------------------------- | |
| 652,778 | 154,681 | (170,223) | – | – | 637,237 | |
| ============================= | ============================= | ============================= | ========================= | ============ | ============================= |
- 16 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 Jan 2025 | Income | Expenditure | Transfers | losses | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | £ | |
| Church Roof Fund | – | 82,734 | (6,751) | – | – | 75,983 |
| Hozier Income fund | 222 | 40 | – | – | – | 262 |
| Church Fabric | ||||||
| Maintenance | – | 1,000 | – | – | – | 1,000 |
| Ministry Restricted | 384 | 33,081 | (24,105) | – | – | 9,360 |
| Churchyard | ||||||
| maintenance | – | 2,466 | (2,466) | – | – | – |
| Holiday Bible Club | 487 | – | – | – | – | 487 |
| Hardship fund | 3,489 | 339 | (2,893) | – | – | 935 |
| Specific appeals | – | 640 | (640) | – | – | – |
| --------------------- | ----------------------------- | ------------------------- | ------------ | ------------ | ------------------------- | |
| 4,582 | 120,300 | (36,855) | – | – | 88,027 | |
| ===================== | ============================= | ========================= | ============ | ============ | ========================= | |
| At | Gains and | At | ||||
| 1 Jan 2024 | Income | Expenditure | Transfers | losses | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Parish Centre | ||||||
| Enhancement | 6,983 | 6,000 | (12,983) | – | – | – |
| Hozier Income fund | 184 | 38 | – | – | – | 222 |
| Church Fabric | ||||||
| Maintenance | – | – | – | – | – | – |
| Ministry Restricted | – | 22,134 | (21,750) | – | – | 384 |
| Churchyard | ||||||
| maintenance | – | 2,615 | (2,615) | – | – | – |
| Holiday Bible Club | – | 487 | – | – | – | 487 |
| Hardship fund | 4,069 | 170 | (750) | – | – | 3,489 |
| Specific appeals | – | – | – | – | – | – |
| ------------------------- | ------------------------- | ------------------------- | ------------ | ------------ | --------------------- | |
| 11,236 | 31,444 | (38,098) | – | – | 4,582 | |
| ========================= | ========================= | ========================= | ============ | ============ | ===================== | |
| Endowment funds | ||||||
| At | Gains and | At | ||||
| 1 Jan 2025 | Income | Expenditure | Transfers | losses | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | £ | |
| Hozier Bequest | 1,319 | – | – | – | (63) | 1,256 |
| ===================== | ============ | ============ | ============ | ============ | ===================== | |
| At | Gains and | At | ||||
| 1 Jan 2024 | Income | Expenditure | Transfers | losses | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Hozier Bequest | 1,290 | – | – | – | 29 | 1,319 |
| ===================== | ============ | ============ | ============ | ============ | ===================== |
- 17 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2025
19. Analysis of net assets between funds
| Unrestricted | Restricted | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2025 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 449,505 | – | – | 449,505 |
| Investments | – | – | 1,256 | 1,256 |
| Current assets | 207,059 | 88,027 | – | 295,086 |
| Creditors less than 1 year | (10,400) | – | – | (10,400) |
| ----------------------------- | ------------------------- | --------------------- | ----------------------------- | |
| Net assets | 646,164 | 88,027 | 1,256 | 735,447 |
| ============================= | ========================= | ===================== | ============================= | |
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 459,270 | – | – | 459,270 |
| Investments | – | – | 1,319 | 1,319 |
| Current assets | 186,361 | 4,582 | – | 190,943 |
| Creditors less than 1 year | (8,395) | – | – | (8,395) |
| ----------------------------- | --------------------- | --------------------- | ----------------------------- | |
| Net assets | 637,236 | 4,582 | 1,319 | 643,137 |
| ============================= | ===================== | ===================== | ============================= |
- 18 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Management Information
Year ended 31 December 2025
The following pages do not form part of the annual report and financial statements.
- 19 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Planned Giving: General | 71,005 | 72,847 |
| Planned Giving: Stewardship/CAF Donations | 8,121 | 6,614 |
| Service Offertories (Open Plate) | 4,908 | 4,073 |
| Legacies | 1,000 | 1,000 |
| Donations | 176 | 670 |
| Specific appeals | 640 | – |
| Hardship fund income | 340 | 170 |
| Appeal (YCW/Ministry) | 276 | 385 |
| Gifts - Book for Life | 10,000 | – |
| Roof Gift Appeal | 69,293 | – |
| Grants | 27,240 | 31,849 |
| Tax Recoverable (Gift Aid) | 30,251 | 16,495 |
| ----------------------------- | ----------------------------- | |
| 223,250 | 134,103 | |
| ----------------------------- | ----------------------------- | |
| Charitable activities | ||
| Youth Work Income | 2,125 | 1,057 |
| Parish Centre Hire | 35,526 | 32,676 |
| Parish Centre Lets | 1,337 | 1,411 |
| Holiday Bible Club | 538 | 901 |
| Fees (Weddings/Funerals/Churchyard) | 6,144 | 5,480 |
| Coffee Shop | 2,420 | 2,118 |
| Parish Centre Catering | – | 60 |
| Photocopy Sales | 73 | 44 |
| Literature/Bible Notes | 54 | 268 |
| Adult Outreach Events | 3,825 | 5,330 |
| ------------------------- | ------------------------- | |
| 52,042 | 49,345 | |
| ------------------------- | ------------------------- | |
| Investment income | ||
| Dividends and Interest Receivable | 2,101 | 1,026 |
| --------------------- | --------------------- | |
| Other income | ||
| Vicars Income/Other Income | 1,966 | 1,040 |
| Right of Way over Church Land | 752 | 610 |
| --------------------- | --------------------- | |
| 2,718 | 1,650 | |
| --------------------- | --------------------- | |
| ----------------------------- | ----------------------------- | |
| Total income | 280,111 | 186,124 |
| ============================= | ============================= |
- 20 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Diocesan Benefice Share | ||
| Activities undertaken directly | ||
| Diocesan Benefice Share | 72,725 | 77,423 |
| ------------------------- | ------------------------- | |
| Adult Mission/Outreach | ||
| Activities undertaken directly | ||
| Adult Outreach | 3,213 | 3,544 |
| --------------------- | --------------------- | |
| Youth Mission/Outreach | ||
| Activities undertaken directly | ||
| Holiday Bible Club | 355 | 384 |
| Youth Work Expenditure | 1,399 | 719 |
| Sonseekers Activities | 195 | 367 |
| Children’s Outreach Activities | 809 | 1,188 |
| --------------------- | --------------------- | |
| 2,758 | 2,658 | |
| --------------------- | --------------------- | |
| Missionaries and Charitable Giving | ||
| Grant funding activities | ||
| Open Doors | 1,200 | 1,200 |
| SWEEPS | 1,920 | 1,920 |
| Tear Fund | 1,200 | 1,200 |
| Others (Support Fund) | 144 | 100 |
| Specific appeals | 640 | – |
| Michael J Tinker | 720 | 720 |
| Reach Across | 2,640 | 2,640 |
| Strategic ministry partnership grants | 1,500 | 1,551 |
| Hardship fund grants | 2,893 | 750 |
| ------------------------- | ------------------------- | |
| 12,857 | 10,081 | |
| ------------------------- | ------------------------- | |
| Parish Office Running Costs | ||
| Activities undertaken directly | ||
| Printing/Paper Costs | 1,791 | 1,783 |
| Telephone/software subscriptions | 1,162 | 1,127 |
| Advertising /Brochures/Displays | 326 | 403 |
| Small office equipment | 43 | 18 |
| --------------------- | --------------------- | |
| 3,322 | 3,331 | |
| --------------------- | --------------------- | |
| Church - Running Expenses | ||
| Activities undertaken directly | ||
| Utility Costs | 4,494 | 4,123 |
| Insurance | 1,118 | 1,525 |
| Roof Repairs | 6,750 | – |
| Heating Repairs/Servicing | 23 | 54 |
| Audio-Visual/Lighting | – | 753 |
| Quinquennial/Reordering Costs | 229 | 10,046 |
| Upkeep of Churchyard | 10,109 | 4,064 |
| Bank charges | 201 | 97 |
| ------------------------- | ------------------------- | |
| 22,924 | 20,662 | |
| ------------------------- | ------------------------- |
- 21 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Staff Costs | ||
| Activities undertaken directly | ||
| Wages/salaries | 28,031 | 26,643 |
| Pension costs | 331 | 273 |
| Vicar/Ministry Expenses | 2,121 | 2,013 |
| Staff Expenses | 343 | 511 |
| ------------------------- | ------------------------- | |
| 30,826 | 29,440 | |
| ------------------------- | ------------------------- | |
| Upkeep of Services | ||
| Activities undertaken directly | ||
| Legal and professional fees | – | 746 |
| Fees, Licences, Subscriptions | 1,347 | 1,281 |
| Sundry Expenses | 198 | 455 |
| Visiting Speakers | 234 | – |
| Verger/Sexton/Clerk Costs | 510 | 176 |
| Readers costs and training | 924 | 455 |
| --------------------- | --------------------- | |
| 3,213 | 3,113 | |
| --------------------- | --------------------- | |
| Parish Centre Running Costs | ||
| Activities undertaken directly | ||
| Parish Centre Coffee shop supplies | 838 | 864 |
| Development Worker Salary | 5,150 | 12,201 |
| Utility costs | 7,153 | 7,277 |
| Parish Centre Enhancement Project | – | 11,970 |
| Office Costs | 361 | 1,105 |
| Bad debt - write-off | 9 | 623 |
| Cleaning Materials | 388 | 418 |
| Maintenance | 1,255 | 4,872 |
| Insurance | 2,518 | 2,269 |
| Contract Cleaning | 7,789 | 6,705 |
| ------------------------- | ------------------------- | |
| 25,461 | 48,304 | |
| ------------------------- | ------------------------- | |
| Fixed Asset Depreciation | ||
| Activities undertaken directly | ||
| Depreciation | 9,841 | 9,764 |
| --------------------- | --------------------- | |
| Governance costs | ||
| Governance costs - legal and other professional fees | 600 | – |
| ------------ | ------------ | |
| ----------------------------- | ----------------------------- | |
| Expenditure on charitable activities | 187,739 | 208,320 |
| ============================= | ============================= |
- 22 -