ANNUAL REPORT and FINANCIAL STATEMENTS For the year ended 31 December, 2025 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY, TOTNES WITH ST JOHN THE EVANGELIST, BRIDGETOWN hereafter referred to as TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL Registered Charity Number 1128123 Principal address for charitable purposes: The Rectory, Northgate, Totnes, TQ9 5NX
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL TABLE OF CONTENTS Page Number Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Cashflow Statement Notes to Financial Statements 10
Trustees. Annual Report and Accounts for Totnes with Bridgetown Parochial Chiirch Council for thè year ondgd 31 Docombor 2025. Objectives and Activities Totnes with Bridgetown PCC has the responsibility of co-operating with the incumbent, the Revd Jim Barlow and other members ofthe team ministry in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumcnical. It also has maintenance responsibilities for.. St Mary's Church. Totnes, a medieval Grade 1 listed building of considerable historical interest. St John's Church, Bridgetown. a Grade 2 listed building, built in the 19th century and originally a chapel-of-ease in the Parish of Berry Pomeroy becoming part of the Parish of Totnes with Bridgetown in the 1970's', st Mary's Church Hall. originally part of Totnes Primary School, purchased by the PCC in the 1970's. The Charity Commission's guidance on public benefit is kept in mind by the members of the PCC in planning activities. Achievements and Performance 2025 was a momentous year in the history of the parish, with the closure of St. Mary's for major renovations throughout most of the year. There was a last-minute financial hitch caused by changes to the Listed Places of Worship Grant Scheme, for the reclaim of VAT, which left us £150k adrift but a combination of further grants, a significant bequest by the late Judy Westacott MBE and a large anonymous donation helped close the gap and give the PCC confidence to proceed. Activities in the church started to wind down from January and the contractors Ellis & Co. took possession of the site from March onwards. The works involved the complete rebuilding of the nave floor to rectify defects of the Victorian reordering of the 1860's and to create a new level and integrated ftoor, with significant pew removal at the west end, relocation of the font and the construction of a new servery and accessible WL In the Victorian north aisle. The north aisle was reordered to create a new children's area and heritage space. The church was completely rewired and a new all electric heating and lighting system, using 'Halo' far infrared chandeliers, was installed, plus solar panels on the south aisle roof. The new plant required the installation of an upgraded electrical supply and 3 phase-meter. The total cost of these renovations, spread across three financial years, will be in the order of £1.4 million. Although the hope had been lo reopen by Christmas 2025, work was still ongoing as of December 315t and reopening was on February 1st 2026. Alongside the capital works, a heritage engagement programme, funded by the National Lottery Heritage Fund, was initiated. A three-year post for a full time Activities Co- ordinator was advertised and two persons, Jess Langton and Gra Deathridge, appointed as a job share. As well as planning for reopening Jess and Grace organised a number of successful site visits and project documentation activities for local schools, youth projects and the general public. Overall, the capital works and activities were managed by the project Board, with delegated powers from the PCC, comprising the Rector, Mike Gibbons (Director of Music), Goran Molin, Peter Hilken and Alison Fisher,
with project management support from Phil Lewis of Randall Symmonds and Pete Brown of B2 Architects. The congregations from St. Mary's successfully relocated to St. John's (mid-morning Gongregation plus Taizé eveiiiiig woisliip) Lind to St. Mary's Dartington (early morning congregation) whereas Choral Evensong became peripatetic around the team parishes. The closure of the church meant a significant rp.diArtinn in c.oncerts and other events at St. Mary's, including the Friends café, not to mention seasonal visitors and associated income for the parish. However, it was felt better to go for complete closure rather than a more protracted and expensive programme involving partial closure. Despite this it was a good experience to have the mid-morning congregations worshipping together throughout 2025, helping to build a greater sense of parish cohesiveness. As well as worship this included ongoing social and missional events such as Christian Aid week. Sadly John Holl, churchwarden, died on 15th July 2025. John was the first churchwarden from the St. John's congregation and was exemplary in his attention to the life of both churches in the parish. A tireless force at St. Johns he instituted the programme to repla the failing structural beam support on the west wall and to open the window arch in the upper hall. This is part of the larger project to refurbish the first floor of St. John's church. The urgency of work to the beam and the lift reaching the end of its life meant that fundraising efforts at St. John's were directed towards these two matters throughout 2025 with the aim of being able to address them early in 2026. During the St. Mary's renovations, the church hall was used as a welfare area and meeting room for the contractors, which meant that the planned refurbishmenl of that Spa had to be rescheduled for the beginning of 2026. Worship and prayer Regular morning worship has continued to be offered every Sunday, with lay led servi$ continuing once a month at St. Johns. The evening pattern continued as Team Choral Evensong on the 1st Sunday and Taizé worship on the 2nd Sunday, with the latter edging up towards 30 in attendance. A new offering on the 4th Sunday 'Evening Light, offers a wider range of contemplative chants and prayer. After many years the Sacred Space offcring on 3rd Sunday3 Game to an end in oeptember and other options for that evei"iiiiy are being considered. Contemplative Silen and morning or evening prayer on Mondays, Wednesdays and Thursdays has continued, with some of it relocated to the Rectory during the closure. Numbers have held up well or increased across all services. Servi$ at which a wider cross-section of the community were present included St John's School Harvest Festival in October and Carol servi in December with 160 children and 120 adults taking part. The annual Civic Service was held at St. John's on the 16th February and an All-souls vigil with a Gaza foGUS on the 2nd November. The St. John's Community carols was attended by 200 people, with 130 for the Nine Lessons and Carols Service, 320 for the o Christingle services and 90 at Midnight Mass. For a second year we held a Blue Christmas service in early DeMber. Funerals and Memorials in 2025 included Ann Widger,. Mike Shall, John Holl and Jack Pillar.
Mission The Community Café and weekday Toddler Group at St. John's continued to flourish. Sunday Club remains active at St. John's as does our engagement with St. John's Scliuul, tlie Grove School and Totnes Independent School. Stepping Stones l Food Bank have continued to be 2 major presene.p. in the. chLirch building. Mike Gibbons has continued to develop the monthly team choral evensongs. the Community Choir and St Mary's Junior Choir. St. John's has continued to be very well used by a wide rar)ge of community groups, several of whom make use of the excellent audio-visual facilities. The twice monthly Gospel of Luke study group continued throughout 2025. along with discipleship groups on Monday evenings and Thursday afternoons. Ministry The main development impacting this parish in 2025 was the splitting of the Rector's post into a 0.5 Team Rector and 0.5 assistant priest roles, with an administrative and governan role for the latter. This is an experimental arrangement for a fixed period of 3 years. Rev'd Chris Harris has taken up the role, and the first six months have shown the benefit of this way of working, taking Gonsiderable pressure off the Rectoi and sharing the responsibility for other parishes in the team. Overall, the Ministry Team has continued to move towards the goal of having 6 stipendiary posts (4 house for duty and two at 0.5) with the appointment of the Rev'd Fiona Wimsett as resident priest for Dartington and recruitment for a similar post at Harberton towards the end of the year. The parish has also continued to benefit from the ministry of Rev'd Frances French, our team curate. and she has particularly enjoyed the opportunities for personal engagement afforded by St. John's. Following a period of ill health Tony Gregg took the difficult decision to cease function as a licensed lay minister, though he continues in a reduced mlnlsterial capacity. We were also pleased to welcome Paul Truby as an LLM onto the team, alongside Alison Fisher. Administration and Governance Claire Alford continued to effectively manage bookings at St. John's during this period and to assist with aspects of the parish's weekly and online communications. Other changes to the PCC saw Julian Hall retire after many years as churchwarden and a new churchwarden, David Fisher. being appointed at the 2025 APCM. The PCC also welcomed to new members at the APCM.. Paul Gibbins and Andrew Robinson. Financial review Total income in 2025 amounted to £875,103 compared with £335,898 in 2024. Of this £116,146 was unrestricted compared with £129,962 in 2024 and £758,492 restricted compared with £205,225 in 2024. The increase for restricted income arises from funding raised for renovation work.
Total expenditure in 2025 was £1,129,834 compared with £249.068 in 2024. Of this £138,6g7 was unrestricted compared with £127,887 in 2024 and £001,137 restricted compared with £121,181 in 2024. Overall there was a deficFt of net movement of funds of £255,058 (2024.. surplus of £88,923) with a deficit for unrestricted funds of £22,551 (2024= surplus of £2,090) and a deficit for restricted funds of £224,591 (2024= surplus of £106,955) willi tlie lallei refleGtirig grants received in the previous year and spent in this year. Total reserves at 31 December 2025 were £157,763 (2024: £412,821) with unrestricted reserves of £45,490 (2024.. £68,041), restricted reserves of £95,994 (2024.. £320,585) and endowment funds of £16.279 (2024: £24,195). Reserves Policy It is PCC policy to maintain a balance on unrestricted funds to allow for shortfalls in income. Generally, we aim to have reserves covering two months of regular expenditures which would imply reserves of about £18,000. This is exceeded although with the current significant building costs, no action is being taken to reduce this excess. It is PCC policy to minimise risk by investing funds in the Central Board of Finance of the Church of England Investment Fund shares and in the Charities Aid Foundation UK Equity Growth Fund. Safeguarding The PGG has complied with the duty under section S of the Sateguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops, guidance on safeguarding children and vulnerable adults). Structure. governanco and managomgnt Totnes with Bridgatown PCC 18 a Statutory body set up under the Parochial Church Councils (Powers) Measure, 1921. It conducts its affairs in accordance with the PCC (Powers) Measure 1956 and the Church Representation Rules. The PCC is a registered charity. The method of appointment of PCC members is set out in the Church Representation Rules 1969 (as amended). The membership of the PCC consists of the Team Rector, Team Vicar, churchwardens, Deanery Synod members and members elected by those members of the two congregations who are on the electoral roll of the church. All church attendees are encouraged to register on the electoral roll and stand for election to tho pcc. The PCC members are responsible for making decisions on all matters of general concern and Importan to the parish including deciding on how the funds of the PCC are spent. The full PCC met seven times during the year with an average attendance of 80°/0.
Administrative Information St Mary's Church is situated on High Street, Totnes and St John's in Bridgetown. The parish is part of the Diocese of Exeter within the Chcirch of England. The correspondence address is the Rectory, North Street, Totnes, TQ9 5NX. The registered charily number is 1128123. For the purposes of charity law the Council of PCC members is also the Board ofTrustees of the charity. PCC members who have served from 1 January 2025 until the date this report was approved are.. Team Rector.. Team Assistant Vicar.. Team Curate.. The Revd Jim Barlow The Revd Chris Harris (ex officio member) The Revd Frances French (ex officio member) Churchwardens.. HOLL John (until 15 July 2025) HALL Julian (until 18 May 2025) FISHER Dave (from 18 May 2025) Elected members: BROOKES Lynda BROWN Diana GRIFFIN, Jenny (until 1 January 2026) GIBBINS, Paul (from 18 May 2025) HANCOCK Juliet HILKEN, Peter (until 18 May 2025) LUSCOMBE Revd John (GO-OPted) OLIPHANT, Anne MOLIN, Goran MURRELL, Tom ROBINSON, Andrew (from 18 May 2025) STILWELL Anthony (until 12 November 2025> STILWELL Carolyn Appointee member.. STABLER Susan Deanery Synod Representative.. FISHER. Alison (from 18 May 2025) On behalf of the PCC on 11 June 2026 B¢W Jim Barlow (Jun 11, 2026 12'.25.'13 GMT+11 The Reverend Jim Barlow Chairman
Ind¢p¢nd•nt examiner's report to th¢ Trustee5 of The ParoGlilal Churcl) Couiicll of tlie Ecclesiastical Parish of St Mary* Totnes with St John the Evangelist, Bridgetown known as Totnes with Bridgetown Paro¢hlal Church Council on the a¢counts for the year ended 31 December 2025 I report to the Irustees on my examination of the financial statements for the year ended 31 December 2025 which are set out on pages 7 to 15. Respective responsibilities of the trustees and examlner As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed Ihe Directions given by the Charity Commission under section 145151{bl of the Charities Act 2011. Independent examiner's staternent Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination, I confirm that no matters have come to my allenlion in connection with the examination giving me cause to believe that in any material respect.. Atcounling records were not kept in respect of the Charsty as required by section 130 of the Charities Act 2011., I he tinancial statements do not accord with those records.. or The financial statements do not comply with the applicable requirements concerning the form and conlenl of financial statements set OLJt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinats'on lo which attention should be drawn in this report in order to enable a proper understanding of the flnan¢lal statemenis to be reached. Jason Milden FCCA Darnells, Chartered Accounlanls 30 Fore Street Tolnes TQ9 5RP Date 23 June 2026
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2025 Unrestricted Funds Restricted Funds Endowment Fund5 TOTAL FUNDS 2025 2024 Note Incorne and endowments from Donations and legacies 21a) 74,847 753,823 828,670 277,601 Aetivilies for oenerating funds 21bl Church actithties 21cl 41.079 41,079 49,795 Investments 21dl 220 4,669 465 5,354 8.502 Other income 21e} Total inGome 116,146 758,492 465 B75,103 335,898 Expendlture an Church aclivities 31a} 137,538 991.137 1.128,67S 249,068 Costs of generalirhg funds 3(bl 1.159 1,159 Total expenditure 138,697 991.137 1,129,834 249,068 Net incomèllexpenditurel before inve*tn)eiit 9alibslllvi¥E¥l 22,551 232,645 465 254,731 86.830 Transfers beeen funds 7,566 7,566 Net gainsllLosses) on investment 83sels.' on disposal on revaluation 488 226 589 262 S89 578 1.515 Net movement In funds 22.551 224.591 7.916 25S,058 88.923 Total funds brought forward 68.041 320,585 24,195 412,821 323.898 Total funds carrled fon¥ard 45,490 95,994 16,279 157,763 412.821
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2026 Note 2025 2024 FIXED ASSETS Investments 14,140 35,650 CURRENT ASSETS Debtors Short term deposits Cash at bank and in hand 61a} fjlbl 61c} 2,203 5,203 142,378 3,744 150.534 223,673 149,784 377,951 LIABILITIES: Creditors- amounts falling due ¥Mthin one yèar 6.161 780 NET CURRENT ASSETS 143,623 377,171 Totsl a¥$ets less current Ilabllltiè$ 1S7,763 412,821 Cieditors- amounts falling due after more Ih8n one year TOTAL NET ASSETS 157.763 412,821 PARISH FUNDS Unresliicled General Funds Reslricled Funds Endowrnent Funds 45,490 95,994 18,279 68,041 320.585 24,195 157,763 412.821 Approvcd by Totnca wth Bridget¢)wn Parochial ChurGh CounrAI on 11 June 2026 and &i9iied on Ils bvlialf by. Jim Barlow (Jun 11, 2026 12".25."13 GMT+11 The Revd Jim Barlow Ichairmanl Susaii Stabler (Jun 11, 2026 15."43."26 GMT+11 Sue Stabler ffreasurerl The notes on pages 9 10 15 fomi part of these accounts.
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL CASHFLOW STATEMENT For the year ended 31 Dember 2025 202S 2024 Net cash from operatin9 acllvlties (below) 253,163 75,482 Cashflow from investing activities Dividends and intEfESt from investrnents PrOed$ from salo of fixed asset investments 5,354 21,183 8,5D2 21,9Q1 Net cash provided by l {used Inl Invèsting activities 26.537 30.403 Change in cash and cash equivalents in the reporting perlod Cash and eash equivalents at 1 January 374.207 268,322 Cash and cash equ5valents at 31 December 147.581 374.207 Reconciliation of net income I lexpenditurèl before investment gains Not incom8 boforè Investment gains Adluslments for: Dividends and interest from Snveslments Decrease I lincreasel In debtors Increase I Idecreasel in (yèdilors 254.731 8G.e30 5,354 1,541 5,381 8,502 755 3,601 Net Ga5h provl¢Jed by I Inl operatlng activrties 253,163 75,482 Analysis of cash and cash equlvalents Cash in hand Notice deposits (less than 3 months) 142,378 5,203 223.673 150.534 147,581 374,207
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2025 ACCOUNTING POLICIES The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 goveming the individual accounts of PCC5, and with the Regulations true and fai¢, provisions, together with FRS102 {20191 as the applicable accounting standards and the Slalement of Recommended Practi, AGGounling and Reporbng by Charities ISORPIFRS10211 leffective 1 January 20191. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown al market value. The accounts include all Iransaclions. assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. Funds Endowment funds are funds, the capital of which must be maintained,. only income arising from investment of the endowment may be used either as restricted or unreslricled funds depending upon the purpose for which the endowment was established. Reslricled funds represent la) 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 lor a specific object or invited by the PCC for a specific object. 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 2 balanc¥ 011 Ilial fui)d. Tli¢ PCC due5 not usually Invest separately lor each fund. wnere tnere is no separate investmen( interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used for PCC ordinary purposes. Designated funds are unrÈ%lrirtÈ*tl fijndq %g.t asidg for a particiilar projÈet. Funds so designated may be redesignated by the PCC and designation does not prevent funds being used for 2ny other purposes. In¢oming ReJourGes Voluntary income and capltal sources Collections are recognised when received by or on behalf of the PCC. Planned giving under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid is recognised when the income is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of ils legal enlitlemenl, the amount is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised through fund raising events are accounted for gmss. Other Income Rental income from the lelling of church premises is recognised when received. Income from investrnents Dividends are accounted for when due and payable. Galns and losses on investments Realised gains or losses are lo be recognised when investments are sold. Unrealised gains or losses are gCCOLtnted for on revaluation of investments at 31 DeMber. 10
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2025 Resources Used Grants Grants and donations are accounted for when paid over or when awarded, if that award creates a binding obligation on the PCC. Activities directly relatlng to the work of the church The Diocesan parish share is accounted for when paid. Flxed assets Consecrated and benefi propety is not inclLFded in the accounts in accordance with s.10{2llal and Icl of the Charities Act 2011. Movable church furnishings held by the wcar and ch[ChwardenS on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the ¢hurch's inventory. For anything acquired prior to 2002 there is insuffi'cient 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. Investménts are valued at market value at 31 December. Short term deposlts These include cash held on deKM)Sit with the CBF Church of England Fund5. Liablllty recognition Liabilities are recognised as soon as there is a legal or conslructtve obligation and selllemenl is probable and quantifiable.
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2025 INCOMING RESOURCES Unrestricted Funds Rèstricted Funds Endowment Funds TOTAL FUNDS 2025 2024 21al Voluntary Income Planned 9iving'. Regular gimng Incoime lax recovered Collections {open platel Restricted collections St Mary's Building Project- Heritage Lottery St Mary's Building- Natitsn81 Churches Trust St Mary'5 Building Projecl- Benefact Twsl St MaS Building Project- other Sl John's Building Project- Clare Milne Trust National Lollery grant Other grants Donations, appeals, elc Boxes and candles Care Gift Legacies 37,676 12,179 8.512 37,676 12,179 8,512 38,762 10,968 8,515 446,059 50.000 446,059 50.000 40.000 28.OOD 103.252 187.595 8,000 167,595 8,000 19,675 5,785 16,506 7,156 982 27,892 3,041 27,892 17.361 2,160 1,236 50,000 14,320 2,160 1.236 so.ooo 74.847 753.823 828,670 277,601 21bl A¢tivitie$ for generatlng funds Fund raising 21cl Income from Ghurch aGtlvltles St John's church hall lettings Sl Mary's church hall letlings Fee5 32,757 1,650 3,228 2,428 1.016 32,757 1,65 3,2ZB 2,428 1,016 35,856 4.149 7.807 1.683 300 Sl John's Café Sl John's P and T 41,079 41,079 49,795 21dl Income from investments Dividends and inleresl 220 4.669 465 5,354 8,502 220 4,669 465 5,3S4 8,502 2{dl Other in¢ome TOTAL INCOMING RESOURces 116,146 758,492 465 875,103 335.898 12
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2025 RESOURCES EXPENDED Unrestricted Funds Restricted Funds Endowment Funds TOTAL FUNDS 2025 2024 31al Church activitiès Donations to charities Ministry.. Diocesan parish share Other ministry C05ts Church- running expenses Church maintenance Upkeep of Services Upkeep of Sl John's churchyard St Mary's church hall running costs Sl John's Café Support costs Sl Marls Building Project Expenditures frorn Grants Administration In¢Jependenl examinerfs fee 2,417 36,316 4.624 48,594 14,931 8,778 3,208 818 1.018 1,150 3,567 36,316 4,624 48,594 14.931 8,776 3,208 818 1,018 4.177 45,176 16 34,642 11,494 13,272 3,570 1,480 708 1,567 110.044 9,867 12,295 780 916,677 73,310 916,677 73,310 14,794 2,040 14.794 2,040 137,538 991.137 1.128.675 249,068 31b} Costs of generatlng funds Fund raising costs 1.159 1,159 TOTAL RESOURCES EXPENDED 138.697 991.137 1,129,834 249,068 Unr8Stricted Funds Restricted Funds Endowmènt Funds TOTAL FUNDS 2025 lal STAFF COSTS 2024 Wage5 and salaries 622 25,740 26,362 5,642 During the year the PCC employed a booking hall secretary (part tirne) and activities co-ordinators {equivalent lo a fill time postl. In 2024 one organist and 0 booking hall secretsries were employed and these employees equated to less than one full lime employee. No social security costs were payable for the year. Ib) PAYMENTS TO PCC MEMBERS None of the trustees {or any persons connected with them) received any remuneration during the year.12024'.£-1 Additionally, no members were reimbursed 9xpgnses on behalf of the PCC 12024.. none}. 13
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 Dember 2025 TOTAL FUNDS 2025 Unrestricted Funds R•$tri¢tsd Funds Endowment Funds 2024 FIXED ASSETS Investments Market value of investments al 31 December, 2024 Additions Disp058ls In¢reasellDecreasel in market value of investments at 31 Dèc8mber, 2025 13,128 22,522 35,650 55,458 13.128 7,793 20,921 21.323 589 S89 1,515 14,140 14,140 35,650 637 Units CBF Investment F'd 14.140 14,140 22.522 11,293.00 Units CAF ESG Inc & Grth 13,128 14,140 14,140 35.650 CURRENT ASSETS FOR USE BY THE PCC 61al Debtors Tax Recoverable Other Debtors 2.203 2,203 2,203 2,203 3,744 3,744 61bl Short Tem7 Deposits CBF Deposit Accounts 200 5,003 5,203 150,534 61cl Cash 8t bank and in hand Bank and building society accounts 48,280 2.139 142.378 223.673 LIABILITIES Alnounts falling due wlhin one yèar Accruals Other Creditors 1,800 3,393 1,800 4,361 780 988 5,193 6.161 14
TOTNES with BRIDGETOWN PAROCHIAL CHURCH COUNCIL NOTES TO FINANCIAL STATEMENTS For the year ended 31 December 2025 MOVEMENT IN FUNDS At l January 2025 Incorning Resources linc gain51 Outgolng Resources linc losses) Transfers At 31 Decemb•r 2025 Restrlcted Fund$ Sl Mary's Building Project Sl Mary's & St John's General St MaS Church Hall C2re Gift Account 262.119 38,224 20,175 67 718.324 39.420 916.677 73,310 63,766 11.900 20.175 153 7.566 1.236 1,150 Total Restricted Funds 320,585 758,980 991.137 7,566 95.994 Unrestricted Funds General Funds 68.041 116.146 138,697 45.490 Total Unrestricted Funds 68,041 116,146 138,697 45.490 Endowment Funds Sl John's Churchyard St Mary's Endowment 14.091 10,104 53 403 7,566 6,578 9.701 Total Endowment Funds 24,195 350 7.566 16,279 T•tsl Fvnd¥ 412,821 874,77e 1,129,834 1ST,703 Funds are held for the purposes shown. The transfer 01 £7,566 from endowment funds lo restricted funds arose following approval by the Diocese for ¢ert8in endowrnents to be used for structural repairs in accordance th the term5 of the endowments that the lunds be used for the benefit of the church. ANALYSIS OF NET ASSETS BY FUND Unr•stri¢t¢d Funds (including desi9natedl Restricted Funds Endowmènt Funds 2024 Fixed Assets Current Assèts Current Liab¢'lities 14.140 2,139 14,140 149,784 6,161 50.683 5.193 96.962 968 Fund balance 45,490 9S,994 16.279 157,763 15