ST MARY'S PCC BRIDGWATER
ANNUAL ACCOUNTS 2024
CONTENTS
Annual Report
Pages I to 6
Statement of Financlal Activitie5
Page 7
Balance Sheet
Page 8
Notes to the.Accounts
Pages 9 to 15
Not forming part of the independently examined accounts
James Cook Bequest- Charity No 240141.
ladmini5tèred by the Vicar and Churchwardensl
Page 16
The Podger'5 Trust
Vicar and Churchwardens Managing Trustees
Page 17
Emma Pearce Memorial Trust- Charity No 246223
(administered by the Vicar and Churchwarden51
Pagv18
Independent Examiner's Report
Page 19

THE PARISH CHURCH OF SAINT MARY, BRIDGWATER
BANK
Natwest Bank plc
6 York Buildings
Coinhill
Bridgwaler TA6 38A
INDEPENDENT EXAMINER
Kelly Davies FCCA
Weslcotts
Chartered Accountants
7 Castle Street
Bridgwaler
Somerset
TA6 3DD
ANNUAL REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL FOFI THE YEAR
ST
ENDED 31 DECEMBER 2024
Aim and Purposes
St, Mary's Parochial Church Council IPCCI has the responsibility of co-operating with the
incumbenl, Revd. Suse Osmond in promoling the ecclesiastical parish. the whole mission of
the ChLJrch, pastoral, evangelistic, social and ecumenical. The PCC is also specifically
responsible for the maintenance of the Church building.
Objectives and Aclivities
The PCC is committed to enabling as many people as possible lo worship at our church and
to become part of our parish community at St Mary's. The PCC maintains an overview of
worship ihroughoul the parish and makes suggestions on how our services can involve the
many groups that live within our parish. Our services and worship put faith into practice
through prayer and scripture. music and sacrament.
When planning our activities tor the year. we have considered the Commission's guidance
on public benefit and, in particular. the supplementary guidan￿ on charilies for the
advanGemenl of religion.

In particular, we try to enable ordinary people to live out their faith as part of our parish
community Ihrough:
Worship and prayer
Provision of pastoral care for people living in the parish.
Mission and outreach
This is underpinned by our vision to 'love and seNe all, as a nourishing community,
passionate and energised by our faith.
Vicars Report
As the Civic church in the heart of Bridgwater, our vision 'lo love seNe and welcome all as a
nourishing community. passionate and energised by our faith, conlinued to embed and grow
throughoul 2024.
Each week we welcome, on average, around 500 people through the doors of Ihe church
building. This is made up of our regular worshippers, volunteers, Ihe work of the café, drop-
ins and community groups as well as through lettings. The church has continued to parlner
with other local projecls and we were delighted that the town council invited us again to join
in the town community picnic in Blake Gardens during the summer.
Our Well-being sessions. to support positive mental health are led by Meg Boucher and
Jasmine Fowler with a team ol volunteers and have been so successful that this has
expanded lo a session on Monday, as well as Wednesday each week. The church is
connecting and hosting communiiy groups such as Alcoholics Anonymous, Gamblers
Anonymous, Bridgwater Community choir as well as our weekly Grubs Up drop in for
families, Babycinos, Thursday calé, bellringers, Graft group and homegroup to name a few.
At the heart of all this is our worship life logether as a community of faith. Our Thursday
midweek communion service is ever growing and now fills the St George Side-chapel most
weeks. In 2024 we also changed from this being a BCP service every week lo instead using
Common Worship lor at least three services a month. Our Sunday gathered worship has
continued with an 8am BCP and 10am Holy Communion service. During 2024 we held two
Alpha courses which led to baptisms and confimalions in Wells Cathedral in November. We
hostsd the diocesan chaplaincy gathering, as well as concerts, civic events and charity
events partnering with other local community groups.
Early on in 2024 we had the pleasure of Revd. Nick Jerett joining us on a monlh-long
placement as part of his curacy. l also finished my year as Chaplain lo the High Sheriff of
Somerset and was delighted to preach in Wells Calhedral al the new High Sheriffs
Installation service.
We were excited to welcome Revd. Julie Pelling and her family as she was ordained and
licensed on 30th June 2024 and began her curacy wilh us.11 was also with joy that, I gave
birth, in November. to Benjamin Rowan Osmond which led lo me taking full time maternity
leave through November and December. A huge thank-you for all your wonderful support
Ihroughout this time and especially io Julie and Revd. Dr. Jonathan Trigg.
This year also saw our Quinquennial inspection take place on the church building. The
report highlighled the urgency with which we now need to address replacing the church roof.
l am already grateful for the team who have forned lo focus on this project as we seek lo be
good slewards of a beauliful, and hisloric, place of worship that serves as a visible reminder
of the presence of God. It is wonderful to hear the sound of the bells ringing out regularly lo

call people lo worship. Above all it continues lo be our desirg that more than just a building,
we are known lirst and foremost by Ihe way in which we love one another and especially
those who find Ihemselves on Ihe margins of our community. Our desire is that as we live
out Ihe Gospel message we might grow as a community of faith. We continue to make
safeguarding a priority in all we do so thal each and every person can flourish.
As we look forward, we are going to prayertully locus on the shape of our gathered worship
life together and begin to explore some new ways in which we can enable all people,
especially children and families to grow in faith.
Finally, I want to say Ihank you to each and every one of you who generously give of your
time, your skills and financially - from church wattlens and PCC to all the various teams we
have. I have witnessed how through your acts of kindness and dedication you have both
changed lives and enabled us to really 'be church, in this community. One person I would
especially like to thank is Lesley Griffin for all her incredible hard work as both Treasurer and
café manager which is practically a full-time jobl l also want to say thank you lo those people
who do the jobs that can feel they go unnOti￿d such as washing and ironing linen, setting
up for communion, unblocking the toilets, organising flowers, stewarding, washing up,
welcoming, putting out flags, setting up for various sessions, playing instruments lo lead
worship, sending baptism cards and so on- you know who you are, and you are amazing.
Flnanclal Revlew
The unrestricted funds this year has a deficit of £49,023 which is an improvement on last
year of £4,35912023 -£53,382).
We are holding less reslricled reseNes, wilh a reduction of £9.004. The Bellringers are now
finishing off the project with a balance of £5,779. See note 11 for a full breakdown.
Our financial situation has improved slightly but we need to recognise that we have only paid
50Vo of our Parish Share again this year. £18,243 01 £36,486.
With regards to maintaining the fabric of the church, we still do not have any available
reserves.
We have received £15,400 in grants this year which will Contribute £10,600 lowards our
healing and central costs-
Warm Space grant
£10,000
Wellbeing grant17 month} £5,000
Festive Grant
£400
Gas and electricity bills for 2024 amounted lo £16,869.
With an unrestricted balance in the bank of £14,627 at the end 012024 having short paid our
Parish Share by £18,243, you can see that without the Warm Space grant we would have
had a very cold church and would not be able wort with our community in a wami and
welcoming space.
With the Festive Grant we were able to offer 70 Christmas meals to parishioners and people
ol Bridgwater and surrounding areas. We had people who were lonely and who would only
be having this one Chrislmas meal, some who suffered poor mental health and some people
who were part of Ihe chLJrch o)mmunity via the calé, our Well-being Wednesdays and our

church servi¢es. We also provided Christmas meals for the Grub5 Up children and their
families. The amazing food was paid for by Ihe Somersel Comrnunily Foundation and we
spent all £400, with an overspend 01 £1 TI that reduced the Active Living Fund.
Slewardship has dropped overall by £632 (£30.913-2024. £31 ,545'.2023) although gift aid
within these figures has increased by £157.
Collections at seNices has increased by £69B on 20231£4,175'.2024, £3,477-.20231. Sundry
donations have decreased by £1.8801£7,098'.2024, £8,978.'20231.
Lettings were down this year by £1,1851£1,186=2024, £2,371:2023}. This is disappointing
and are finding thal most of our larger bookings are eligible for our charitable rates on the
basis that they are sel up as a charity. The good news is that we are anticipaling an
increase of lettings in 2025, and at the cornmercial rate, therefore we are confident this
silualion will now improve going forward.
£1,214 ttas been raised through Fundraising. A big thank you everyone who has contributed
lo our fundraising-
Candles and Tomalo Plants
Tower Tours
Bellringer Coffee Momings
Bags to School
Quiz Nigh15 x 2
Craft Fayre
Cards
£128
£187
£98
£96
£359
£342
Smarty Tube fundraising for Zambia Link raised £513.
The Café income is £21,487 (£16,722:2023}. This is an increase of £4,765. We catered lor
the Chaplaincy again this year which went really well and helped improve profil. Expenditure
is £15,552 1£12.425:20221. Profil Iherefore is £5,935 1£4,297'.20231. Pay It Forward
donations lotalling £616 within these figures has been given lo provide those in need with
free food and drinks. The overspend of £612 from the Pay It Forward Fund came from the
Café Profit. The café became really busy through 2024. so we increased our prices slightly.
We still have a few very cheap items on our menu so that we don't exclude people who
cannol pay the higher prices.
The Open Mental Health Grant of £10,000 for our Wellbeing Wednesdays came to an end
on 31 March 2024. This project was very SUC￿$$fUl, and we are looking lo increase Ihe
provision to two days a week. Further funding has been sought lo continue the proje¢t from
April 2025. We have applied for 3 year funding of £20,000 lorthe Wednesdays from Hinkley
Point and 2 year funding from The National Lotteries Awards lor All of £13,125 for the
Mondays.
Overall, our income has decreased by £12,386 (£102,258:2024, £114,644'.2023) and our
expenditure has decreased by £4,171 {£106,903:2024, £111,074:20231.
Income for Fees has increased this year by £1,348 (£12,196=2024, £10,848-2023). Fees
payable to the DBF has increased by £1691£7883:2024, £7,714=20231 but then Ihis is to be
expected with an increase in income.
The total General Maintenance expendilure was £4,000.

We received an unrestricted legacy of £2.150 Irom The Abercanaid and Pentrebach Estate
for Edward Thomas. This will have contributed lo the £4,000 spenl on maintenance this
year-, £1,554 of which was for our 5-year electrical inspection.
Under Major Repairs, we spent £3,336 on window repairs but this was covered by an
insurance claim. We also paid £588 for further window repairs.
Office assistance increased by £2,023 on the previous ye.ar due to an increase in the
minimum pay and an increase in hours on the previous year1£9,390-2024. £7,367:20231.
We have saved £830 on our stationery costs, mainly due to printing everything in black and
while.
There is no interest payable on our loan now as it is all wrapped up in the capilal
repayments.
We have re￿iVed our Quinquennial report, and we now need to raise money for the urgenl
rool repairs ol approximately £500,000.
Reserve5 Pollcy
To safeguard linancial risks and to ensure the financial viability ol the PCC, tt has been our
policy lo maintain general fund reseNes at a figure of at least 6 months general expenditure.
For 2024 we were still unable lo fulfil this. We had changed our policy in 2019 to reduce our
general fund reserves lo £10,000. Our fabric fund now stands al £50 and we have no
general fund rese￿es.
We continue as a PCC to monitor our cash flow carefully and frequently and we are
constantly looking at ways in which we can inGrease income and reduce expendilure.
The PCC takes very seriously the unusual siluation we are in financially. We are actively
seeking new ways of bringing in funds lo be able to meet our commitments during the nexl
12 months and with the cash flow forecasts which we have prepared, we consider that this
will be achieved. We paid 6 months Common Fund in 2024, this being treated as a donation
in the accounts, and not a liability. We have had the continued support of the Diocese and
they renegoliated the loan for 2024 and we will be paying £2,600 per year rather than
£13.000. This means that our loan will be for another 19 years rather than 4 more years.
The loan is also now interest-free and if we are able to pay the loan off sooner then we can
do so without any penalty.
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 and is a Registered
Charity. The method of appointment ol PCC members is gel out in the Church
Representation Rules. At St Mary's the membership of the PCC consists ol the incumbent
lour vicar), Churchwardens and members elected by those members of the congregation
who are on the electoral roll of the Church. All those who attend our services/members ol
the congregation are encouraged to register on the Electoral Roll and sland for election to
the PCC.

The PCC members are responsible for rnaking decisions on all matters of general contsrn
and importance lo the parish including deciding on how the funds of the PCC are to be
spent. New members receive initial training into the workings of the PCC.
The full PCC met 6 times between January 1 $1 2024 and December 31. 2024 with an
average level of attendan￿ of around 85¥..
Reference and Administrative Delails
St Mary's Church is situated in St Mary Streel, Bridgwater, Somersel. It is part of the
Sedgemoor Deanery in the Diocese of Bath and Wells within the Church of England. The
co￿espOndence address is St Mary's Church Office, St Mary Street, Bridgwater, TA6 3EQ.
The Parochial Church Council {PCC) is a charity registered wilh the Charity Commission as
the Parochial Church Council of Ihe E¢¢lesiaslical Parish of Saint Mary, 8ridgwater,
Registered No. 1128525.
PCC members who have served during the calendar year 2024, and during 2025 until the
approval of the linancial statements and reporl are..
Ex Officio members:
Incumbent: Revd. Suse Osmond
Assistant Treasurer .' Miss Juliet Sully & Deanery Synod Representative
Church Wardens . Mr Graham Cooke & Mr Richard Smith
Mr Julian Higgs, Verger & Deanery Synod Representative
Assistanl Curate in Training.. Revd Julie Pelling Itrom July 2024)
Elected members:
Mrs Lesley Griffin. Treasurer. 2022- 2025
Mr Flichard Strange 2022-2025
Mr Steve Cross 2023 - 2026
Mr Graham Cook 2023- 2026
Miss Itziar Simo-Arroyo 2023 - 2026
Mrs Alison Green 2024-2027
Mr Jon Thurlow 2024-2027
Approved by the PCC on..
and signed on their behalf by
Reverend Suse Osmond IPCC chairperson)

ST MARY'S PCC BRIDGWATER
sfATEMENT OF FINANCIAL AcnviTIES for the yèar ended 31sr DECEMBER 2024
Total
Funds
2024
Totsl
Funds
Unrestrlcted Restrlcted
Fund5
Funds
UTrrestrlcted Restrlcted
Funds
Funds
2023
Notes
INCOME AND ENDOWMENTS
Income from donations and legacies
2a
43,277
16,460
59,737
45,253
26.079
71.332
Income from charltable activities
2b
39,609
628
40,237
33,561
1,875
35,436
Income frorn investments
2c
1,062
1,062
857
857
Other income
2d
1.084
138
1,222
2,972
4,047
7,019
TOTAL INCOME
85,032
17,226
102,258
82.643
32,001
114.644
EXPENDITURE
Expenditure on charitable actlvities
80,673
26,230
IQ6.903
78,740
32.334
111,074
TOTAL EXPENDITURE
80,673
26,230
106,903
78,740
32,334
111,074
NET INCOMVIEXPENDITUREI BEFORE
GAINS AND L055ES ON INVESTMENTS
4,359
19.0041
14,6451
3,903
13331
3,570
GAINS AND LOSSE5 ON INVESTMENTS
Realised
MOVEMENT IN FUNDS for the year
4,359
19.0041
14.6451
3,903
13331
3,570
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
153,3821
30,170
123,2121 157,2241
30.442
126,7821
Transfer between funds
1611
61
TOTAI FUNDS CARRIED FORWARD
149,0231
21,166
127,8571 153,3821
30.170
123,2121
The notes on pages 9 to 15 form part of these actounts.
Page 7

ST MARY'S PCC BRIDGWATER
BALANCE SHEET as at 31ST DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible flxed assets
4,238
6.842
CURRENT ASSETS
5tock5
Debtors
Cash at bank and in hand
1,099
4,338
36,327
41,764
992
6,363
28,064
35,419
LIABILITIES- AMOUNTS FALLING DUE
WITHIN ONE YEAR
8a
127,0591
116,0731
NET CURRENT ASSETS
14,705
19.346
TOTAL ASSEfs LESS CURRENT UABILlnES
18,943
26,188
UABILITIES- AMOUNTS FALLING DUE
AFTER MORE THAN ONEYEAR
8b
I46,8￿)
149,4001
NET ILIABILITIESI
127,8571
123,2121
FUNDS
Unrestrlcted funds
Restricted fund5
io
li
149,0231
21,166
153,3821
30,170
127,8571
123,2121
Approved by the Parochial Church Council on
and signed on Its behalf by..
Revd Suse Osmond
ChaSrman
¢1
Mrs Lesley Griffin
Treasurer
Ig647*-
The notes on pages 9 to 15 fomi part of these accounts.
Page 8

ST MARY'5 PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2024
I ACCOUNTING POLICIES
Statement of tompllance
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 R'eporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 ICharitie5 SORP IFRS 102lleffective I January 201911. Church Accounting Regulations 2006 and
the Charities Art 2011. The chailty is a public benefit entity.
8asis of preparatlon
The finaneial statements have been prepared under the historical cost convention except for the valuatlon
of investment 355ets, which are shown at fair value. The financial Statements include all transactions.
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, nor those that arp inforrnal gatherings of church
members. The financial statements are prepared in sterling, whlch is the functional currency of the PCC.
The charity has taken advantage of the exemption available to small charitie5 in the Charitles SORP IFRS 1021
not to include a cash flow statement.
Going concern
The Diocesan Board of Finan￿ ha5 indicated its contlnuing support to St Ma￿5 in allowing them to make
a reduced Common Fund payment and also extending the loan term for the re-ordering of the Church.
Cash flow projections have been prepared for the 12 month5 following the date of thi5 report which indicate
that the PCC will continue to meet its day to da¥ working capital requirements. On the strength Df the forgoing,
the trustees consider that thère are no material uncertainties about the PCC'S ability to CDntinue as a 8oing
concern and that it 15 therefore appropriate to prepare the atcounis on a going concern basls.
Judgement5 and key spur￿5 of estlmatlon uncertalnty
The preparation of the financial Statements requires management to make judgements, estimate5 and
5sumptions that can affect the amounts reported. These estimates and judgements are continually revlewed
and are based on experien￿ and other factors, including expectations of future events that are believed to be
reasonable under the ¢ircumstances.
Fund accounting
Restricted fund5 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
specific object or invited by the pcc for a specific objett. The fund5 may only be expended on the specific
object for which they were given. Any balance remalnlng unspent at the end of each year rnu5t be carried
forward as a balance on that fund.
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and
are available for application on the Eeneral purposes of thè PCC. Funds designated for a particular purpose
by the PCC are a150 unrestritted.
Income recognition
Voluntary income ond ¢h(Jritoble tyctivities
Income is recognised when the PCC has entitlement to the funds. it is probablo thai the income will be recelved
and the amount of income receivable can be measured reliably.
Collections are recognised when received by or on behalf of the PCC.
Planned giving is recognised only when received.
Tax recoverable on gift. aid donations is recogni5ed when the donation 15 reco8nlsed.
Grant5 and legacies to the PCC are accounted for a5 soon as the PCC is notified of its legal entitlement,
the amount due is quantifiable and its ultimate receipt by the PCC is reasonably cèrtain.
Fund-raising events organised by the PCC are accounted for gross.
Sale5 of magazines and souvenirs are accounted for 8r05S.
Other income
Rental income from the letting of church premises 15 ¥ec¢Trgnised when the rental 15 due.
Incomefrom investments
Dividend5 and inleiest are accounted for when receivable- any associated tax recoverable being
recognised in the same accounting year.
Page 9

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2024 Icontinuedl
I ACCOUNTING POLICIES {contlnuedl
Expendlture recognition
Expenditure 15 recogni5ed on an accruals basis. Expenditure includes any VAT which cannot be fully recovered.
Grants and donlltions
Grants and donations are accounted for when paid over or when awarded if that award creates a binding
obligation on the PCC.
Expenditure on charitoble octivities
Charitable activitie5 include all costs that directly relaie to the work of the church. including running cost5
and costs of maintenarbce and repair. Support cost5 3nd governance costs are deemed to relate dlrectly to
the work of the church.
The Dioeesan Parish Share is a¢cDunted for when paid and no accrual is made for any part not paid by the end of
Ihe financial year as it doe5 not represent a legal debt.
Fundroising costs
Fundraising costs includes the costs Of all furydraising activitie5, events. non-charitable trading activitie5, and
the sale of donated goods.
Other expenditure
Other expenditure includes all expenditure that Is neither related to raising funds for the charity nor part of
Its expenditure on charitable activities.
Tangible Fixed Assets
Consecrotedproperty andmovtible churchfurnishings
Consecrated and beneficed property is excluded from the accounts by 5.1012llaland Icl of the Charities Act 2011.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and whlch
require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed
in the Church's inventory, which can be inspected by arran8ement. For inalienable property acquired prior to
2000 there is insufficient C05t information available and therefore such assets are not valued in the financial
Statements. Items acquired since 2000 have been capitalised and depreciated in the financial Statements over
their currently anticipated useful economic life of four years on a siraight line basis.
All eXpend￿tUrE incurred in the year on consecrated or beneficed buildings. individual items under E5CM) or on
the repair of rnovable church furnishing5 acquired before 20W 15 written off.
other Fixture5, Fittings ond Office Equipment
Equipment Used wlthin the church premi5e5 is depreciated on a stral@ht line basi5 over four years.
Individual items with a purchase price of £500 or less are written off when the asset 15 acquired.
Investments
Snvestments are a forth of basic financial instrument and are initially recognised at their transaction value
nd subsequently measured at their fair value as at 31 December. The statement of financial activities
includes the net gains and losses arisin8 on revalualion and disposa15 throughout the year.
Current assets
Amounts owing to the PCC are shown as debtors less provision for amounts that rnay prove uncollectable.
Cash at bank and in hand includes Short term deposits with Banks and the CBF Church of En8land Funds.
Stocks are rneasured at the lower of cost and estimated 5elline pri￿ less costs to complete and sell.
Liabilitle5: amounts falllng due within one year and after more than one year
Liabilitie5 are recognised as expenditure as soon as there is legal or constructive obligation committlng the PCC
to that expenditure. It is probable that the settlement will be required and the arnount of the obligation can be
measured reliablv.
Financlal Instruments
The PCC ha5 financial assets and financial liabilitles of a kind that qualify as basic financial instrurnents.
Basic financial instruments are initially recognlsed at transaction value and subsequently measured 8t thelr
settlement value.
Financial instrurnents that are concessionary loans Ibeing public benefit entity loans made at below the
prevalling market rate of interest, not repayable on demand and for the purposes of furihering the oblectives
of the PCCI are initially recognised at the 3mount received with the carrying amount adjusted in 5ub5equent
yeais to reflect repayments and any accrued Interest and adjusted if necessary for impairment.
Page 10

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31sr DECEM8ER 2024 Icontinuedl
Totsl
Funds
Total
Funds
INCOMEAND ENOOWMENTS
Unrestrlcted Re5trlrted
Funds
Unrestrlcted Restricted
Funrts
Funds
2024
2023
23 Incomè from donatlons and legacies
Planned Giving-
Gift Aid Giving
Income tax recoverable
Non-tax recoverable
Cc*llections at Services
Donations
Grants
Legacies
18,518
6.797
5,599
4.175
6,038
18,518
6,797
5,599
4,175
7.098
15,400
2.150
19,745
6.634
5,160
3,477
6,737
3,500
19,745
6,640
S,160
3,477
8,978
27,332
1,'060
15.400
2,241
23.832
2.150
43,277
16,460
59,737
45,253
26.079
71,332
2b Income from charitable activities
Lettings
Fund-raising
cafe income
Craft and book sales
Office external
200 Club gr055
Flowers
Fees equipment
Fees
1,186
1,21S
20,871
176
20
3,800
1,186
1.215
21,487
176
2,371
680
15,277
84
io
4,046
2,371
680
16,722
84
io
4,046
430
245
10,848
616
1,445
20
3,8CMI
12
145
12,196
12
430
145
245
10,848
12.196
39,609
628
40.237
33,561
1.875
35,436
2c IncomE from investments
Bank and other interest
1,062
1,062
857
857
1.062
1,062
8S7
857
2d Other Income
Mi5£ellaneous Income
VAT reclaimed
Bellringing service
2,986
781
280
2,986
3,753
280
1.084
138
1,222
2,972
1.084
138
1,222
2.972
4.047
7.019
TOTAL INCOME
85,032
17.226
102.258
82.643
32,001
114,644
Pa8e 11

STMARY'S PCCBRIDGWATER
NOTES TO THE FINANCIAL STATEMENT5 for the yèar ènded 31￿ DECEMBER 2024 Irontlnuedl
EXPENDITURE ON CHARITABLE
ACTIVITIES
Total
Funds
2024
Total
Funds
Unrestrlrted Re5trlcted
Fund5
Funds
Unrestricted Restrlcted
Funds
Fund5
2023
3a Church actfvltles- general
Ministry: Share of Dlocesan Common Fund
DBF and other fee5
Clergy expenses
Other clerEV Costs
Light, heat, insurance and cleaning
Church maintenance
Organ maintenance
Ve5trnents and sanctuary expense5
Church Servios Resources
Flower5
Young Church
Church developrnent
Organist5' salaries
Major repair5/replacement installations
Donations
Letting5 expense5
Café Expenditure
Cost of fundraising
Mlscellaneou5
Write off - organ blower dispute
DeprÈciatlon
18.243
7,883
1.048
261
18,243
7,883
1,048
261
22,182
4.0
818
539
572
15,816
7,354
1,023
IS,816
7,714
1,023
360
13,904
4.000
818
539
572
8,278
13,938
2,460
873
377
614
13,938
2,460
873
377
614
485
125
13,709
2.280
12,262
1.858
14rJ
12,425
183
16
141
141
139
485
139
125
136
2.280
3,909
10,632
10.632
1,370
3.336
74
13.573
L370
3,336
74
8.353
1,858
312
14,758
312
15,552
140
10,958
183
16
794
1,467
141
1691
191
64,110
141
1691
3,074
90,248
2,883
26,138
6,238
32.334
6,238
92,536
60,202
3b Other costs
200 club
Stewardship expense
2.020
34
2.020
34
2,020
31
2,020
31
2.054
2.054
2,051
2,051
3c Governance costs
Accountancv
850
850
744
744
850
850
744
744
3d Support costs
Office a551StHncÈ
stationery less recharged to church funds
Vestry telephone and internet
Marketing
Subscription5
Bank Charges
Loan interest payable
9,390
1.731
1,029
109
1,059
341
9,390
1,731
1,029
201
1,059
341
7.367
2,561
1.154
7,367
2,561
1,154
92
1,308
339
3,014
1,308
339
3,014
13.6S9
92
13.751
15.743
15,743
TOTALEXPENDITURE
80.673
26,230
106.903
.78,740
32,334
111,074
Page 12

ST MARVS PCC BRIDGWATER
NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 315T DECEMBER 2024 l¢ontlnuedl
2024.
2023
4 al STAFF COSTS
Wages and salaries
16,971
13,080
During the year the PCC employed an administrator, organi5t5 and funeral and wedding vergers
and vicars but no payments were large enough to attlact tax or national insurance.
The PCC also employed Project Worker5 where tax was involved but no national insurance.
The PCC claimed small empoyers allowance, and a full employee SMP rebate.
The average number of employees during the year was 312023..21
bl PAYMENTSTO PCC MEMBERS
Payments of £1,014 were made to Kelvin Milli5 whilst a PCC member during the year.
But he Is a longstanding self-employed supplier who helps keep our malntenance c05t5 down.
No other payments or expenses were paid to any PCC member, related parties or persons
connected to them.
S ST MARY'S 200 CLUB
Profit for the year.
1,780
2,026
6 TANGIBLE FIXEDASSETS
Fixtures, fittings
and equipment
COST
At l January 2024
Addition5
At 31 December 2024
64,615
470
65,085
DEPRECIATION
At l January 2024
Charge for year
At 310ecember 2024
57,773
3,074
60,847
CARRYING AMOUNT
At 31 December 2024
At 310ecember 2023
4,238
6,842
2024
Z023
7 DEBTORS
Income tax recoverable
Other debtors
VAT recoverable on development expendlture
3,085
588
665
4,338
3,030
2,355
978
6,363
8a LIABILITIE5-AMOUNTS FALLING DUEWITHIN ONEYEAR
Concessionary loan
Sundry creditors and accruals
2,600
24,459
27,059
2,600
13,473
16,073
(See note 8b for details of the concessionary loan).
Page 13

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2024 (continued)
20Z4
2023
8b LIABILITIES- AMOUNT5 FALLING DUE AFTER MORE THAN ONE YEAR
Concesslonary loah
46,800
49,400
The loan is from The Bath and Wells Board of Finance. The totsl amount originally advanced
was £130,000 and was repayable by ten annual instalments of £13,000. This is being reduced to annual
Instalments of £2.600 from l January 2024 on an interest free ba51S.
9 ANALYSIS OF NET ASSETS BY FUND
Unrestricted Restricted
Total
Fixed assets
Current assets
Current liabilities
Long term liabilities
352
24,484
127,0591
146,8001
149,0231
3,886
17,280
4,238
41,764
127,0591
146,8001
127,8571
21,166
10 UNREsTRI￿Eo FUNDS
Transfers
between
funds
Opening
balance
Closing
balance
Income
Expenditure
General
Projerter Replacement Fund
153,3821
85,032
180,6731
11001 149,1231
IC4J
loo
149,0231
153,3821
85,032
180,6731
11 RESTRICTED FUNDS
Transfers
between
fund5
Opening
balance
C105in8
balance
Income
Expenditure
Fabric
Restoration
Flower Guild
Government COVID Grant
Bellringers
Womens Fellowship
Refugee/Other Need donations
Active Living Grant
Computer donation
Pay it forward
Baby & toddler group
Food Resilience
Kitchen extension
Warm Space Grant
NotSceboard
Open Mental Health
Warm Space Grant 24/25
Wellbeing Project 24125
Festive Food Grant
2,986
35
805
215
6,662
329
1,273
316
118
400
13,3361
50
35
676
12
11411
12151
11,6811
798
5,779
329
1,199
138
1741
11781
11181
16161
7831
11981
11,0951
17,5321
14741
13.8991
13,8181
11,6721
14001
126.2301
616
1,565
396
2,933
7,532
1,106
3,899
782
198
1,838
632
10,000
5,000
400
17,226
6,182
3,328
30,170
21,166
Page 14

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2024 Icontinuedl
11 RESTRICTED FUNDS I￿ntInued)
The Fabric fund is to be used on the upkeep of the building. During the year a number of grants
were received for ur8ent roof repairs which have been carried out during the year.
The bellringers fund orlginated in 2017 for the restoration of the Church bells. Recovery of VAT
was received in the year and work on the bells was undertaken.
The kitchen extension fund 15 made up of several grants which were received which has been used on an
extension to the kitchen so that there is more room for food preparation.
The warm space fund5 are made up of several grants received as a contribution to the overheads of
the building to enable the church to stay open additional hours as a warm space for the community.
The open mental health grants were received to fijnd a projert of well-being events.
12 CHARITIES AND TRUSTS
The James Cook Bequest is a registered charity administered by the Vicar and Churchwardens.
They are also Managing Trustee5 of the Podger Trust, the DBF being Custodian Trustee.
The Emma Pearce Memorial fund is a registered charity administered by the Wicar and
Churthwardens.
None of the above Charities and Trusts are subject to Independent Examination.
2024
2023
13 EKfERNAL GIVING
(excluded from SOFA under regulations)
The Childrens Hospice
Zambia Link
Organist retirement collertion
40
513
63
558
605
1,226
553
14 LEGACIES
The Abercanaid and Pentrebach Estste
2,150
2,150
15 RELATED PARTIES
Durin8 the year, the trustee5 made unconditional donations amountlng to £6,77412023 £4,909) inclusive
of gift aid.
There were no materlal related party transactions during the year that requlre reporting.
Page 15

JAMES COOK BEQUEST- CHARITY NUMBER 240141
Administered by the Vicar and Churchwardens
of St Mary's Bridgwater
RECEIPTS AND PAYMENT5 ACCOUNT
for the year ended
31ST DECEMBER 2024
Com
arative 2023
RECEIPTS
Dividends
197
200
PAYMENTS
Grants to Charitable Organisations
197
SURPLUS for the Year
200
STATEMENT OF ASSETS AND UABILITIES
as at 31ST DECEMBER 2024
ASSETS
7.178
393
361.7 COIF Income Units at Market Value
Cash held by St Mary's PCC Bridgwater
7.340
593
7,571
7,933
Page 16

THE PODfjER TRUST
Vlcar and Churchwarden5 Mana8lngTru5tees
RECEiYfs AND PAYMENTS ACCOUNT
for theyear ended
JIST DECEMBER 20Z4
Com
arative 2
RECEIPT5
570
476
1,046
Rent of land
Inve5trnent Income
570
815
1,385
PAYMENTS
Legal Fees
1.046
SURPLU5 FOR THE YEAR
1.385
STATEMENTOF ASSEfs AND UABILITIES
as at 31 DECEMBER 2024
Permanent EndowThent Note I
Central Board of Flnance
Designated Fund P4ote 2
Central Board of Flnance (Partl
General Fund
Debtors
Central Board of Flnante (Partl
onk deposit account
Currentaccount
1,140
1,076
205
2,216
1,887
209
3.926
4,637
4,637
6.022
Note I
Pemianent Endowmetbt now lodged with Custodian Trustees CDrnPriSes:.
Previously.held by Man3gin8Trustees
Wayleave granted ovEr part of land at Wembdon proceed5
4,2tJl
io.wo
14.200
Perrnanent Endowment also Includes 8.087 acre5 land at Wembdon.
Note 2
Deslgnated Fund represents the surplu5 on sale ol property.
Pa8e 17

EMMA PEARCE MEMORIAL FUND- CHARITY NUMBER 246223
Administered by the Vicar and Churchwar¢Jen5
of St Mary's Brldgwater
RECEIPTS AND PAYMENTS ACCOUNT
forthe year ended
31ST DECEMBER 2024
Com
aratlve 2023
RECEIPTS
533
Income from interest
Final Trust Fund Transfer
778
4,749
PAYMENTS
Grants to Individuals
70
200
463
(DEFICIT)ISURPLUS for the Year
5,327
STATEMENT OF ASSETS AND LIABILITIES
as at 31ST DECEMBER 2024
ASSETS
13,928
409
Emma Pearce Memorial Fund Account
Cash held by St Mary's PCC Bridgwater
18,677
987
14,337
19,664
Page 18

THE PARISH CHURCH OF ST. MAR Y BRIDGWA TER
Inde
ndent examlner s re
ort to the trustees ol the PCC of St. Ma
Brid
water
This report is on the accounts of the PCC for the year 31st December 2024 which arc set out on pages 7 to 13.
This report is made solely lo the trusiees. as a bthly, in accordance with Section 145 of the Charities Act 201 l and regulations
made under Section 154 of that Act. My work has becn undertaken so that I might stale to the PCC'S iwsT¢cs those mattcr5
l am required to state to th¢m in an Independent EX￿niner'S Report and for no other purwse. To thc full¢st extent pennittcd
by law, I do noi accepi or assume resw)nsibility io anyone than the PCC and the PCC'S irnslees as a b(MJy, for my wotk or
for ihis report.
Res
ctlve res
nslbllitles of trustees and examiner
The trustees of the PCC arc responsible for the preparktion of the accounts. The trustccs of ihe PCC consider that all audil
is not required for this ye8s under Section 144 of the Ch￿IlIeS Act 2011 ("Ihe Charities Act") and that an independeni
examination is needed. It is my rcsp)n5ibilily 10- examine the accounts under Seciion 145 01 Ihe Charities Acl. follow the
procedures laid down in the gcncra] Directions given by the ch￿￿ry Commission undcr Scclion 145(5)Ib) of the ch￿ille8
Act. and 5talc whcthcr patticular matters have come to my attcntion.
Basls of Inde ndent examiner's statement
My examinaiion was carried out in accordance with the Direciions given by the Charity Corntnis5ion. An examination
include8 a ￿VieW of the accounting records kepc by thc PCC and a comparison of the accounts ptesewbtrd wilh those records.
It also includes consideration any unusual itcms or disclosures in the accounts, and sccking explanations from thc irustccs
coneetning any such mall¢rs. Th¢ pro¢edures undertaken do not provide all the evidence that would be required in an audit.
and consequently no opinion is given as to whcther thc accounis present a 'true ?￿d lair. view Jnd the reporl is limited to
thosc mattcrs set out in the statement below.
Inde
ndent examiner's statement
In connrxtion with my examinatiofy no matter has comc to my attention..
{1) which gives me reasonable cause to believe fhat in any material respect che requirements
to kccp accounrinE records in accordanec with Section 130 of ihe Charities Act: ?￿d
to prep￿¢ accounis which accord with thc accounting Tecords, Accounting and Reporting by ch￿]tieS Prep￿iDg
their accounts in 2ccordance with the Financial Reporting Siandard applicable in thc UK and Republic of Ireland
(FRS 102) and in othcr rcspccts comply with the accounting requircments of the Charities Act
have not been met- or
(2) to which, in my opinion, attention should bc drawn in order to enable a propcr understtnding of
the accounls to be reached.
K. Davies. FCCA
Westcotts.
Chartered Accountants.
7 Casde Street,
Bridgwater.
Sorne￿ ct.
TA6 3DD
12 May, 2025
Page 19