ST MARY'S PCC BRIDGWATER
ANNUAL ACCOUNTS 2025
CONTENTS
Annual Report
Pages I to 7
Statement of Flnancial ActNities
Page 8
Balance Sheet
Page 9
Notes to the Accounts
Pages 10 to 16
Not forming Part of the independently examlned accounts
James Cook Beque5t- Charity No 240141
(administered by the Vlcar and Churchwardensl
Page 17
Thè Podger's Trust
Vicar and Churchwardens Managing Trustees
Page 18
Emma Pearce Memorial Trust-charity No 246223
ladministered by the Vlcar and Churchwardensl
Page 19
Independent Examlner's Report
Page 20

THE PARISH CHURCH OF SAI￿ MARY, BRIDGWATER
BANK
N8tWest Bank pte
INDEPENDENT EXAMINER
Kelly Davles
Westcotts
Chartered Accountsnts
7 Castle Street
Bridgwater
Somorset
TA6 3DD
ANNUAL REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR
ENDED 31ST DECEMBER 2025
Aim and Purposes
St, Mary's Parochial Church Council (PCC) has the responsibility of ccpoperating with the
Incumbent, Revd. Suse Osmond in promoting the ecclesiastical parish, the whole mission of
the Church, pastoral, evangelislic, social and ecurnenical. The PCC is also specifically
resp)nslble for the maintenance of the Church Ixjilding.
Objectives and Artivities
The PCC is committed to enabling as many people as possible to worship at our church and
to become part of our parish community at St Mary's. The PCC maintains an overview of
worship throughout the parish and makes suggestions on how our seNices can involve the
many groups that live within our parish. Our servi￿$ and worship put faith into practice
through prayer and SCTiPture, music and sacrament.
When planning our activities for the year, we have considered the Commission's guidan
on public benefit and. in particular, the supplementary guidan￿ on charities for the
advancement of religion.

In particular, we try to enable ordinary people to live out their faith as part of our pansh
communtiy through=
Worship and prayer
Provision of pasloral care for people living in the parish.
Mission and outreach
The specrfic objectives for this coming year (20261 are
To increase Stewardship and regular glvlng
To increase worshipping numbers through the launch of Bubble Church and new
pattern of worship
To raise the profile and significance of our Life Groups $0 that all members are
connected beyond gathered worship
Vlcars Report
As the civic church in the heart of Bridgwater. we are not here simply to keep a building open
or to run services- we are here because we believe God is at work in this pla￿, in this
town and in the mess and beauty of real life. Our vision to love, serve and welcome all as a
nourishing communty, p8ssionate and eneryised by ourf8lth continues to shape us. And
alongside it, our growing sense of mission.. to be with Jesus, becom6 like Jesus, and do
what Jesus did.
This is not neat or polished and rarely fits into boxes. But it is rooted in that an¢ienl
call Yo aoljustly, love mercy and walk humbly with our Go(r {Micah 6'.8). In 2025. we have
seen that lived out in ways that afe bolh deeply ordlnary and qui8tly transformative.
This year has been one of significant change and new beginnings. The pastoral scheme
bringing together St Mary's, Brbdgwater and Chillon Trinity came into effect, forrning the new
parish of Bridgwater St Mary and Chilton Tnnity. As part of this, Holy Trinity ceased to be
parish church, and St Mary's became the parish church for the new parish.
In October, I moved from the vicarage in Taunton into the parish vicarage, which has
brought a real sense of joy and rootedness. This also led to the joy of Revd. Tobie Osmond
being li￿nSed as Associate Priest to the parish. I continued on part-time matemity leave.
taking Wednesdays off until September 2025. 1 am grateful for the support of the PCC,
congregation and my clergy colleagues during this time.
Each week we continue to welcome around 500 people through the doors of the church
building. The number matter but more Ihan that, it's the stories that matter. Stories of péople
finding warmth, food, lriendship, support, and sometimes just a place to sit and breathe. Our
partnerships across the town have ¢onlinued to grow, particularly in response lo the realities
of homelessness. We work alongside the local council, NHS and other agencies, because
we believe that all people deserve dignity, care and the chance to flourish. We are especially
grateful to Tony O'mara, whose leadership and compassion have helped shape this work,
includlng the establishment of our Thursday dropin. It has been both a challenge and a joy.
Our well-being sessions continue on Mondays and Wednesdays, alongside the many groups
that now call this place home= Alcoholi¢s Anonymous, Gamblers Anonymous, Grubs Up for
families, our GrLbbs Up parenting group, Babycinos, our Thursday café. bellringers, craft
group and our life groups. We are committed to growing our lrfe groups- spaces where
faith can be explored honestly, relationships can deepen, and people can be known. It has
been a joy io see the walking life group take shape, and the group that meets at the vicarage
become a place of welcome and belonging.

At the heart of bt all remains our worshipping life together. Our Thursday midweek
communion continues to grow, often filling the St George Side Chapel, and our Sunday
pattetn of 8am BCP and 10am Holy Communion Continues to gather people week by week.
At the same time. we sense a call lo keep stretching-to make space for those who don'l
yet feel at home in traditional patterns of church. That is part of the vision behind Bubble
Church, which we are preparing to launch- not as a 'nice extra., but as a real commitment
to children and families being at the heart of our life. This will bring change to our pattern of
worship and a season of adjustment.
In November, it was wonderful lo see members of our church community confirmed at Wells
Cathedral. following an Alpha course run over the summer by Julie and Rich. These
moments matter- not b8caus8 they tick a box, but because they represent real joumeys of
faith, often shaped by courage. questions and a desire for something more.
A particular highlight of the year was in M8rch 2025, when we used the Prayers of Love and
Faith to bless the marriage of Vicky Cooke and Julie Mitton. It was a day of deep joy and
love- a glimpsè of the kind of kingdom we long to reflect. Since then, Julie has sadly died,
and so that memory n¢JW holds bothjoy and grief- as so muth of life does.
In December, we held a Christmas Memorial Service in partnership with Fine Memorials
space for griéf. remembrance and hope in a season that is nol easy for everyone. Alongside
this, we saw the church filled for our town carol service, gathered over 100 people for a joyful
Christingle, and hosted a community Christmas meal where over 98 people sat down
together to share lunch. These moments are made possible by an extraordinary team of
volunteers who seNe with generosity and care- they are the hearttseat of this place.
We continue to face the ongoing responsibilty of caring for our building, particularly the need
to address the church roof following the Quinquennial Inspection. This is not just about
bricks and mortar but about stewarding a space thal holds prayer, community, history, is a
vehicle for the Gospel and hope for generations to comè.
Above all, we are trying to become a community where people are safe, known and able to
flourish. Safeguarding is not an add-on for us it is part of the Gospel. It shapes how we18ad,
how we care, and how we tske responsibility for one another.
As we look ahead, the question is not simply what we will do next, but who we are
be¢oming. What might it really look like for us, here in Bridgwater, to be with Jesu5, become
like Jesus, and do what Jesus did?
Finally- thank you. To our churchwardens, PCC, staff and volunteers, and to all who give
so generously- you are the church. In the visible and the unseen, in the big moments and
the small acts of servi￿, you are part of somethirYJ that is changing lives.
And perhaps that is the simplest way to say it.. God is at work here. In this place. In these
ople. In this town. And we are invited to be part of rt.
Flnanclal Revlew
During the year we took on the management of Chifton Trinity and accounts show clearly
that we are holding their funds separately.
Looking at the Balance Sheet. the unrestricted funds this year has a deficit of £34,557 which
is an improvement on last year of £14,466 (2024 -£49,023).

We are holding restricted funds of £34,238, of which only £1,250 is for repairs or major
works the church may need to carry out. We therefore have no reserves available for the
substantial major roof repairs as highlighted on the last Quinquennial report. The church is
now on the Historic England 'At Risk Register,.
The Bellringers have now finished the augmentstion of bells project, leaving a balance of
£4,946 in the fund account.
Whilst our financial situation looks as though it has improved slightFy, this is because we
have only paid £15.000 of the £36,486 Parish Share due this year.
From the grants received this year £12,682 contributed towards heating and central costs.
Grants received during 2025
HPC
£6.415 (Year 1 of a 3 year Wellbeing Project)
National Lottery Awards4AII £13,125 {2 years funding for Wellbeing Project)
Bridgwaler Town Council
£1.000 (Grubs Up Projecti
Somersel Community Grant £15.000 {Warm Space)
Maurice & Hilda Laing
£1,000 (Warm Space)
Feslive Grant
£500 (Christmas Meal)
We are so grateful for the support we receive through grants. Wrthout these grants we
would not have been able to heal the church this year. The grants we receive enable us to
provide a wonderful environment for the commLJnity of Bridgwater. So many people are
feeling the positive benefits of coming into the church and finding friendship. love and
support.. only possible with financial assistan￿ and commitment to the vulnerable in our
communty from our grant funders.
We were also nominated to receive a donation from Suez Recycling of £500 for our
Wellbeing and Warm Space Christmas Period. It was so good lo receive this as il was in
recognition of the good work being done with the vulnerable.
With the Festive Granl we were able to offer 98 Christmas meals to parishioners and people
of Bridgwater and surrounding areas. We had people who were lonely and who would only
be having this one Christmas meal, some who suffered poor mental health and some people
who were part of the church community via the café. our Well-being Wednesdays and our
church services. We also provided a Christmas meal for the Grubs Up children and their
families. The amazing food was paid for by Ihe Somersel Communty Foundation and we
spent all £500, with an overspend of £30 taken from the Active Living Fund and £329 from
Ihe Womens Fellowship Fund. The Suez Rewcling donation funded Christmas food for
those who attend Wellbeing over the Christmas period when other provisions were generally
closed. Tony Omara made sure this happened and our thanks go out to him.
stewardship has dropped by £7,047 compared with 2024 (£17,070'.2025 £24,117:2024
£24,905:2023). Gift aid claimed for 2025 was £5,619 (£,6640'.2024 £6,634'.20231. We are
focussing on trying to increase stewardship again as the costs of running the church are
rising and our regular giving is falling.
Collections at services has increased this year to £4,794 which is up by on last year by £619
{£4,175=2024).
Lettings improved by £4,710 in 20251£5,896.-2025, £1,186.'2024). Improvements have been
due to changing the bookings terms and invoicing structures.

£2.001 has been raised through Fundraising. A big thank you everyone who has contributed
to our fundraising..
50150 fundraising
Bag5 2 School
Fashion Show
Craft Fayre
Fundraislng general Mary Bates
Ringers Carnival - bell tower
Take Art
Wine Tasting
50
98
525
406
102
152
115
559
The Café income is £21,896 for 2025 which is very similar lo the previous year
(£21,487.'2024). Expenditure was £14,791 {£15,552'.2024}. Therefore, profit for 2024 is
£7,105. Pay It Fotward donations totalling £116 within these figures (£616.'2024) has been
given to provide those in need wrth free food and drinks. Donations were lower this year but
the grants received covers the cost of food and refreshments for those attending the
Wellbeing Sessions and Warm Space. We need to promote the Pay It Forward donats'ons
better as the food provided on Thursdays is subsidised from the café profrt.
Overall, our income has increased by £33,512 {£135,770-.2025 £102.258.'2024) and our
expenditure has increased by £1,329 (£108,232.'2025 £106,903'.20241. £6,563 of the 2025
income relates to a grant received carrying over to 202612027.
Income for Fees has increased this year by £2,177 {£13,025'.2025 £12.196'.2024). Fees
payable to the DBF has increased by £1,132 {£9,015.'2025 £7,883.'20241 but then this is to
be expected with an increase in income.
No legacies were received in 2025.
The total Geneial Maintenance exFendiiure was £3,632 this year.
Gas and el8Ctricity bills for 2025 amounted to £12.498 for St Mary's.
No major repairs necessary during 2025 although there are major probiems that need
addressing with the Window in the Corporation pew5 and the roof.
An increase of £503 on offi￿ assistance increased in 2025 due to an increase in the
minimum pay and an allocation of an extra hour dljring the year. {£9,893=2025 £9,390'.2024).
We have continued to keep the stationery costs at a minimum by printing mostly in black and
white (£1,842.'2025 £1731.'2024).
There is no interest payable on our10gn now as it is all wrapped up in the capital
repayments.

Reserves Policy
To safeguard financial risks and to ensure the financial viability of the PCC, it has been our
policy to maintain general fijnd reserves at a figure of at least 6 months, general expenditure.
For 2025 we were still unable to fulfil this. We changed our policy in 2019 to redu￿ our
general fund reserves to £10,000. Our fabric fund now stands at £73, we have a projector
replacement fund of £200 and we have no general fund reserves.
We continue as a PCC to monitor our cash flow carefulty and frequentty and we are
constantly looking at ways in which we can increase income and reduce expenditur8.
The PCC tskes very seriously the unusual situation we are in financially. We are actively
seeking new ways of bringing in funds to be able to meet our Qommitmenls during the next
12 months. We paid £15,000 Common Fund in 2025, this being treated as a donation in the
accounts, and not a liabilty. We need to substantially increase our Common Fund giving.
Structure, Governance and Management
The Paiochial 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 of PCC members is set out in the Church
Representation Rules. At St Mary's the mefflbership of the PCC consists of the incumbent
(our 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 serviceslmembers of
the congregation are encouraged to register on the Electoral Roll and stand for election lo
the PCC. In 2025 there were 3 weddings and 24 funerals in church with 3 additional
funerals held in their entirety at the crematorium. There were 8 baptisms.
The PCC members are responsible for making decision8 on 811 matters of general concern
and importance to the parish including deciding on how the fvnds of Ihe 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° 2025 and December 319t 2025 wilh an
average level of attendance of around 850/0.
Reference and Administratlve Detalls
St Mary's Church is sltuated in St Mary Street, Bridgwater, Somerset. It is part of the
Sedgemoor Deanery in the Diocese of Bath and Wells wthin the Church of England. The
correspjndence address is Sl Mary's Church Ofke. St Mary Street, Bridgwater, TA6 3EQ.
The Parochial Church Council (PCC) is a charty registered with the Charty Commission as
the Parochial Church Council of the Ecclesiastical Parish ol Saint Mary, Bridgwater.
Registered No. 1128525.
PCC members who have served durlng the calendar year 2025, and during 2026 until the
approval of the financial statements and report are:
Ex Officio members..
Incumbent: Revd. Suse 05mond
Assistant Treasurer & Deanery Synod Representative.. Miss Juliet Sully
Church Wardens .' Mr Richard Philpott & Mr Richard Smrth

Deanery Synod Representative.. Mr Julian Higgs,
Assistant Curate in Training.. Revd Julie Pelling
Associate PTiesl'. Revd. Tobie Osmond
Elected members..
Mrs Lesley Grrffin, Treasurer, 2025- 2028
Mr John Bodiley, Secretary 2025-2028
Mi Richard Strange 2025-2028
MT Steve Cross 2023- 2026
Mrs Alison Green 2024-2027
Mr Levi Fowler 202&2028
Mrs Sue Warman 2025-2028
Mr Kelvin Millis 202&2028
Approved by the PCC on and signed on their behalf by
Reverend Suse Osmond (PCC chairperson) .
Date:
Islsli

ST MARY'S PCC BRIOGWATER
STATEMENT OF FINANCIAL AcnviTIES forthe year ended 31ST DECEMBER 2025
Totsl
Total
Unrestrkted Restrlcted
FuThds
Funds
Funds
2025
Unrestricted Re5tr1rted
Funds
Funds
Fund5
2024
Notes
INCOME AND ENDOWMENTS
Incomèfrom donations and legacies
40.679
40,247
80.926
43.277
16.460
59,737
Income from tharitablÈ artlvities
2b
46,433
402
46.835
39,609
628
40.237
Income from investments
2c
1,137
1,137
1,062
1,062
other income
2d
347
6,525
6,872
1,084
138
1,222
TOTAL INCOME
88,596
47,174
135.770
85.032
17,226
102,258
EXPENDITURE
Expenditure on charltable actlvltle5
74,130
34,102
108,232
80.673
26,230
106.903
TOTAL EXPENDITURE
74.130
34,102
108,232
80,673
26,230
106,903
INCOMEIIEXPENDITUREI BEFORE
GAINS AND LOSSES ON INVESTMENTS
14,466
13,072
27,538
4,359
19,0041 14,6451
GAINS AND LOSSES ON INVESTMENTS
Realised
NET MOVEMENT IN FUNDS forthe year
14,466
13,072
27,538
4.359
19.0041 14.6451
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
149.0231
21,166
127,8571 153,3821
30,170
123,2121
Transfer between funds
TOTAL FUNDS CARRIED FORWARD
134.5571
34.238
13191 149.0231
21.166
127,8571
The notes on pages 9 to 15 form part ol these accounts.
Page 8

ST MARY'S PCC BRIDGWATER
BALANCE SHEEfas at 31ST DECEMBER 2025
2025
2024
Notes
FIXED ASSETS
Tangible fixed assets
1,689
4,238
CURRENT ASSErs
Stock5
Debtor5
Cash at bank and in hand
958
2,932
50,604
54,494
1,099
4.338
36.327
41,764
LIABIL￿{E5- AMouKfs FALUNG DUE
WITHIN ONE YEAR
8a
112.3021
127,0591
NEY CURRENT A55Ers
42.192
14,705
TOTAL ASSEfs LESS CURRETrrf LIA81LmES
43,881
18,943
LIABILITrES- AMOUNTS FALLING OUE
AFTER MORETHAN ONE YEAR
8b
144,2(L)I
I46,8￿)
NET {LIABIUTIES)
13191
127,8571
FUNDS
Unrestricted funds
Restrlcted funds
io
li
134,5571
34.238
149,0231
21.166
13191
127,8571
Approved by the Parochlal Church Council on ......
and signed on Its behalf by..
Revd Suse Osmond
Chaim)an
Mr5 Lesley Griffin
Treasurer
The notes on pages 10 to 16 form part of these accounts.
Page 9

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2025
I ACC0UNn￿ pouaE5
Statement of rornpliance
These financial 5tstements have been prepared in compliance wfch FRS 102.'The Financial Reportlng Standard
appllcable in the UK and the Republic of Ireland., the Statement ol Recommended PrartI￿ applicable to charities
p￿parIng their 4ccounts In accordance with the Flnancial Reporting Standard applK8ble in the UK and Republic
of Ireland IFRS 1021 Icharities SORP IFRS 102lleffective l January 201911, Chur¢h AccwDtitw Regulati0Th5 2(X)6 and
the Charities Act 2011. The charityls a public benefitentity.
Basls of preparatlvn
The financial st￿ernents have been prepared underthe historical cost convention ex¢eptfor the valuatK)n
of Investment a55et5, which are shown at falrvalue. The financial statement5 include all transaction5.
asset5 and Ilabllities for which the PCC is re5pon51ble In L3w. They do not include the accounts of church
groups that owe theii main affiliation to another body, nor those that are informal gathering5 of church
members. The financial statements are prepared in sterlin& which is the functlonal cijrrency of the PCC.
The charity has taken advantage of the exemptlon available to small charities in the Charlties SORP IFRS 1021
not to include a cash flow statement.
Golng c(*￿￿
The DlocÈsan Board of Finance ha5 indicated Its Continuing supportto St Marfs in allowing them to make
a reduced Common Fund payment and also extendlng the loan term forthe re-orderin8 ol the Church.
Cashllow projections have been prepared forthe 12 months following the date of thls report whlch indlcate
thatthe PCC will continue to meet its day to day working capltal requirements. On the strength ol the forgoing.
the trustees consider thatthere are no materlal uncertaintles about the PCC'S abilityto contlnue as a going
concern and that it is therefore 4pproprrdte to prepare the accgunts on 8 going concern basis.
dgements and key sources of e5timatlon untertaihty
ThÈ p￿paratiOTr of the financial statemÈnts requires Tnanagernentto make judgements. estimates and
assumptltsns that can alfect the amounts reported. ThÈse estimates and judgernent5 are continually reviewed
and are based on experten& ènd other factors. including expectatltsns of futtt￿ events thatare believed to be
reasonable under the ¢lr¢umstances.
Fund o¢¢ounllr
Restricted funds represent lal income from trusts or endowments whlch may be expended only on those
re5tritted object5 provided In the terms of the trust or bequest, and Ibl donation5 or grants recelved for
specific object or Invfted bythe PCC for a 5peciflc object The funds may only be expended the spe¢lfi¢
objert forwhichthey were given. Any balance remalnlng unspent at the end of each year must be carried
forward a5 a balance onthat fund.
General fund5 repre5erbt the fund5 of the PCC that are not sublectto any restrfctions regarding their use and
are available f0rappI￿tIon on the general purpose5 of the PCC. Funds designated fora particular purpose
bythe PCC are 81so unrestritted.
Incornff r￿O￿nItIOn
Voluntory income ond churitoble uctivities
Income is recognlsed when the PCC has entitlement tothe fund5, bt Is probable thatthe income wlll be retslved
and the amount of Income receivable can be ry￿asured rellably.
Collertlons a￿ recogTri5ed when received by or on behalf of the PCC.
PLinned givlng Is reco8nised only when received.
Tax recoverable on 81ft aid donations Is recognlsed when the donatlon15 recognised.
Grants and legacies to the PCC are atcounted for a5 soon os the PCC is notified of its legal en￿tleMent.
the amountdue 15 quantifiable and its ultlmate receipt by th2 PCC 15 rea50nablycertsin.
Fund-raising events or8anlsed by the PCC are atcounted for gross.
Sales of ma8aiine$ and 50uvenlrs are accounted for gross.
Other income
Rental Sncome froffl the lettin8 of church premises Is reco8nised when the rentsl is due.
In¢orneArom investments
Dlvldends and interest a￿ &counted for when receivable- any associated tsx recoverable belng
08nised in the sarrE ￿cOUntIng year.
Pa8e 10

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIALSTATEMENTS forthe year ènded 31ST DECEMBER 2025 Icontinuedl
I ACCOUNTING POLICIES Icontlnuedl
Expendlture reu>8nhSon
Expenditure is recognised on an 3ccruals basls. ExpÈndlture Includes any VAT whlch cannot be fully recovered.
Grants and dontrtions
Gr8nts and donations are accounted forwhen paid overor when awarded if thataw)rd creates a binding
obligation onthe PCC.
Expertditureon charltuble uctlwtles
Charjtable attl￿tIeS include all costs that direttty rebte to the work of the church. including runnlng costs
and costs of maintenance and repair. Support costs and 8overnancÈ costs are deemed to relate directlyto
the work of the church.
The Diocesan Parish Share15 accounted for when pald and no accrual Is made for any part not paid bythe end of
the financial year as It does not represÈni a legal debt.
Fundrtrising costs
Fundralsing costs Includes costs of all fundraisin8 actbvltles, event5, non-clwritable trading actlvltles. and
the sale of donated goods.
Otherexpendirure
Other expenditure includes all expendlture that Is nelther related to ralslng funds forthe charity nor part of
ts expenditure orb charitable activities.
Tanglble Flxed Assets
onsecrotedpropety undmovublechurchfurnishlngs
Consecrated and beneficed property Is excluded from the accounts by s.1012llaland Icl of the Charities Act 2011.
Mov8ble church furnishing5 held by the Vicar and Churchwardens on specièl tnjst for the PCC and whith
requlre a faculty for disposal are accounted for as iTrèllenable property unle55 consecrated. They are I￿ted
In the Church's Inventory, which can be inspected byarrangement. For inallenable propertyacquired prlort
2000there 15 insufficient cost Informatlon available 8nd therefore such a55ets are not valued in the financial
ststements. Items acguired since 2(M)O have been captta115ed and depreclated In the flnanclal statements over
theircurrently antlclpated Useful economic Ilfe of four years on a straight line ba51S.
All exFenditure incurred In the year on tonsecrated or beneficed buildings, indwidual items under £500 or on
the repair of rnovabk church furnishings acqulred before 2￿0 is written off.
OtherFlxtures Fittlngs ondoffice Equlpmertt
Equipment Used wlthln the Church prernlses Is depreclated on a stralght Ilne basis overfDur years.
Indiwdual item5 with a purchase price of £500 or ￿s$ are written off when the a55et Is acquired.
Imtestments
Investments are a form of basic flnancial instrumentand are in￿￿allY reco8nlsed at theirtran5aCtlon value
and subsequently rneasU￿d at theirfalrvalue as at 31 DeCem￿r. The statement of finantlal attlvtties
includes the netgalns and losses arislng on revaluation and disposa15 throuehout year.
Ojrrent assets
Amounts owingto the PCC are shown as debtors less provlslon foramounts that may Pf¢)ve uncollectsble.
Cash at bank and in hand include5 shortterrn deposit5 Wlth Bank5 and the CBF Church of England Funds.
Stocks are measured at the lower of (￿t and estlmated selllng prlce less costs to complete and sell.
LlabllStle5: amwrfsfalllng due wlthln one yearand after morethan one year
Liabilities are recoEnised as expendlture as soon a5 there 15 legal or constructive obligation committing the PCC
tothat expendlture. it 15 prcbable that the settlement wlll be required and the amount of the obllEatlon can be
mtssured rellably.
Flnanctsl Instwments
The PCC has flnancial assets and financial liabilities of a kind that qual￿ as baslc fiTranclal instruments.
Baslc flnanclal Inttrumerfs are initially reco8nised attransaction value and subsequently measU￿d atthelr
settlernent value.
FinarKial instrumentsthat a￿ ¢oncessi¢nary loan5 (being public ienefitentty loaThs made at below the
prevailirbB rnarket rate of interest, not repayable on demand and forihe wrposes of furthering the objectives
of the PCCI are Inltially recognlsed at the atnount ￿￿1ved wlth the carrying amount adjusted In subsequent
vears to reflert rÈpayments and any accrued interest and adjusted if necessarylor impalrment.
Page 11

STMARYS PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31SY DECEMBER 2025 Icontinuedl
Total
Funds
2025
Total
Funds
2024
INCOME AND ENDOWMENTS
Un￿strIcted Restricted
Funds
Funds
Unre5trfrted Re5trfrte
Funds
Funds
2a Income from donatlons and legacies
Planned Giving..
Glft Ald Glving
19.090
5.619
3,539
4,794
7.637
19,090
5,619
3,539
4,794
10,844
37,040
18,518
6.797
5,599
4,175
6,038
18.518
6,797
5.599
4.175
7,098
15,4¢J)
2.150
Income tax recoverable
Non-tax recoverlble
Collectlons at SeNices
Donations
Grants
Le8acies
3,207
37,040
1,060
15,400
2,150
40,679
40,247
80.926
43,277
16,460
59,737
2b Income frorn tharltable artlvltles
Lettings
Fund-raising
café income
Craft and book sales
Offiee external
2￿ Club gross
Flowers
Fees equipment
Fees
5,896
2,001
21,494
267
io
3,560
5,896
2,001
21,896
267
io
3,560
1,186
1,215
20.871
176
20
3,800
1,186
1,215
21,487
176
20
402
616
12
12
145
12,196
180
13,025
145
12,196
13,025
46.433
402
46,83S
39.609
628
40,237
2c Income from Investmènts
Bank and other interest
1,137
1,137
1,062
1,062
1,137
1.137
1.062
1,062
2d Other Income
VAT reclaimed
Chilton frinity bank transferred to PCC
347
195
6,330
542
6,330
1,084
138
1,222
347
6,525
6,872
1,084
138
1,222
TOTAL INCQME
88,596
47.174
135,770
85.032
17.226
102.258
Page 12

ST MARY'S PCC BRIDGWATER
NOTESTO THE FINANCIAL STATEMENTS for the year *nded 31ST DECEMBER 202S Icorrtlnuedl
EXPENDITURE ON CHARITABLE
ACnVlnES
Total
Total
Funds
Unre5tr1cted Restrlcted
Funds
F￿ndS
Funds
2025
Unrestri¢ted Re5trirted
Funds
Funds
2024
3a Church actlvltle$- general
Ministry.. Share of Diocesan Common Fund
DBF and other fees
Clergy expenses
Other clergy Costs
ght, heat, insurance and cleaning
Church maintenaKe
Organ maintenance
Vestments and sanctuary expènses
Church Services Resources
Flowers
Youn8 Church/Babycinos
Womens Fellowshlp
Church development
Or8anists' salaries
Major repairs/replacement installations
Donations
Lettings expenses
Café Expenditure
Grubs Up re50urce5
Cost of fundraising
Miscellaneous
Write off - organ blower dispute
Depreclation
.o(xJ
9,015
837
1.302
6,037
3,447
996
413
440
1.31x1
16,300
9.015
837
1,302
18,981
3,632
996
413
440
18,243
7,883
1,048
261
13,904
4.CK)O
818
539
572
18,243
7.883
1,048
261
22.182
4,000
818
539
572
141
139
12.944
185
8,278
141
io
io
329
15,895
1.565
139
329
15,895
50
10,632
10,632
1.370
3,336
74
312
15,552
1515
1,370
3,336
74
310
332
14.675
999
911
107
109
419
332
14,791
1,741
911
107
312
14.758
116
742
141
1691
191
64.110
141
(691
3,074
9),248
117
56,463
2,432
34,102
2,549
90,565
2,883
26,138
3b Other costs
200 club
Stewardship expense
2,020
2,020
2,020
34
2,020
34
2,020
2,020
2,054
2,054
3t Governa￿e costs
A￿o￿ntanCy
962
962
850
850
%2
962
8SO
850
3d Support costs
Office a5515tance
Stationery less rechar8ed to church funds
Vestry telephone and Snternet
Marketing
Subscriptions
Bank charges
9,893
1,842
994
108
1,526
322
9,893
1.842
994
108
1.526
322
9,390
1.731
1.029
109
1.059
341
9.390
1,731
1,029
201
1,059
341
92
14,685
14.685
13.659
92
13,751
TOTAL EXPENDITURE
74,130
34,102
108,232
80,673
26,230 106,903
Page 13

ST MARYS PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEME1￿[5 forthe year ended 31ST DECEMBER 2025 Icontlnued)
2025
2024
4 al STAFF cosrs
Wage5 and 5alarte5
20.927
16,971
During the year the PCC employed an administrator, organists and funeral and weddlng verger5
and vicars but no paymènts which did attract a small amount of national insurance I£IOI and
employee & employèr pènsion contributlons of £402.64. The PCC claimed small employers allowance.
The average number of employees during the year was 312024: 31
b) PAYMENTSTO PCC MEMBERS
Payments of £2,052 were made to Kelvin Mlllls whllst a PCC member during the year.
But he 15 a longstanding 5elf-employed supplier who helps keep our maintenance costs down.
No other payments or expenses were paid to any PCC member, related parties or persons
onnerted to them.
5 ST MARYS 200 CLUB
Profit for the year
1,540
1,780
6 TANGIBLE FIXED ASSETS
Fixtures, fittin8S
and equipment
COST
At l January 2025
Additions
At 31 December 2025
65,085
65,085
DEPRECIATION
At l January 2025
Charge for year
At 31 December 2025
60,847
2,549
63.396
CARRYING AMOUNT
At 31 December 2025
At 31 December 2024
1,689
4,238
20
2024
7 DEBTORS
Income tax recoverable
Other debtors
VAT recoverable on development expenditure
2,795
137
3,085
588
665
4,338
2.932
8a LIABIUTIES- AMOUNTS FALLING DUE WITHIN ONE YEAR
cOn￿$siOnarY loan
Sundry creditors and accruals
2,61JO
9,702
12,302
24,459
27,059
(See note 8b for detalls of the concesslonary loan).
Pa8e 14

ST MARY'S PCC BRIDGWATER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2025 Icontinuedl
2025
2024
8b LIABILITIES- AMOUNTS FAWNG DUE AFTER MORE THAN ONE YEAR
Conces5ionary loan
44,200
46,800
The loan Is from The Bath and Wells Board of Finance. The total amount orl8inally advanced
was £130,CKIO and was repèyable by ten annual in5talments of £13,000. This was reduced to annual
instslments of £2.600 from l January 2024 on an interest free basls.
9 ANALYSIS OF ASSETS BY FUND
Unrestricted Restricte(I
Fixed assets
Current assets
Current liabilities
Lon8 term liabilities
238
21,707
112,3021
144,2001
134,5571
1,451
32,787
1,689
54,494
112,302
144,2c()I
13191
34.238
10 UNRESTRicfED FUNDS
Transfers
bètween
funds
Opening
balance
Closing
balance
Income
Expenditure
General
Projecter Replacement Fund
149.1231
100
149.023
88,596
174.1301
11001 134,7571
200
134,5571
88,596
174,1301
11 RESTRI￿E0 FUNDS
Transfers
between
funds
Openlng
balance
Closlng
balance
Income
Expendlture
Fabric
Restoration
Flower Gulld
Bellringers
Womens Fellowshlp
Refugeelother Need donatlons
Active Living Grant
Pay it forward
Baby & toddler group
Food Resillen
Kitchen extension
Noticeboard
Warm Space Grant 24125
Wellbeing Project 24125
Festive food grant
Grubs Up
Bubble Church
Chilton Trinity
23
1,142
73
1.177
676
4,946
35
676
5.779
329
1,199
138
449
11,2821
13291
11091
1301
11161
7821
11981
19771
14741
112,7621
114,0041
15001
17421
1,090
402
782
198
1.838
632
6,182
3.328
861
158
10.095
9,308
16,675
19,984
500
1,220
120
6.659
47,174
478
120
4.862
34,238
11.7971
134,1021
21.166
Page IS

ST MARY'S PCC BRIDGWATER
NOTE5 TO THE FIfrJANCIAL STATEMENTS for the year ended 31ST DECEMBER 2025 Icontlnuedl
11 RESTRICTED FUNDS Icont5nuedl
The Fabrlc fund Is to be used on the upkeep of the buildinB. DurlnR the year a number of grants
were recelved for urgent roof repalrs which have been carried out during the year.
The bellringers fund orSginated In 2017 forthe restoration of the Church bells. Recovery of VAT
wa5 received in the year and work on the bells was undertaken.
The kitchen extension fund is made up of several grants whlch were received which ha5 been used on an
extenslon to the kitchen so that there is more room for food preparation.
The warm space funds are made up of several grants received as a contribution to the gvprheads of
the building to enable the ch¢Jrch to stay open additional hours as a wam) space for the communlty.
The open mental health grants were recelved to fund a prolect of well-being events.
Durlng the year Chilton Trinity Church merged with St Mary's. The funds held by Chilton Trinity
have been recognised as a restricted fund to be spent only on Holy Trlnlty at Chllton Trinity-
12 CHARITIES ANDTRusrs
The James Cook Bequest is a registered charity admlnistered bythe Vlcar and Churthwardens.
They are also Managing Trustees of the Podger Trust, the DBF being Custodian Trustee.
The Emma Pearce Memoiial fund is a ¥e8iStered charity administered by the Vlcar and
Churchwardens.
None of the above Charlties and Trusts are subject to Independent Examination.
2024
13 ExfERNAL GIVING
lexcluded from SOFA under regulations)
The Chlldrens HospSce
Zambla Link
122
582
513
704
553
14 LEGACIES
The Abercanaid and Pentrebach Estste
2,150
2,150
15 RELATED PARTIES
Durin8 the year, the trustees made uncondltional donations amountlng to £6,21312024 £6,774) inclusive
of glft ald.
There were no material related party transactlons during the year that require reporting.
Page 16

JAMES COOK BEQUEST- CHARITY NUMBER 240141
Administered by the Vicar and Churchwardens
of St Mary's Bridgwater
RECEIPT5 AND PAYMENTS ACCOUNT
for the year ended
31ST DECEMBER 2025
arative 2024
RECEIPTS
Dividends
200
205
PAYMENTS
Grants to Individuals
418
200
SURPLUYIDEFICITI for the Year
12131
STATEMENT OF ASSETS AND LIABILMES
as at 31￿ DECEMBER 2025
ASSETS
7,340
593
361.7 COIF Income Units at Market Value
Cash held by St Mary's PCC BridBwater
6,989
380
7,933
7,369
Page 17

THE PODSER TRUST
Vlt•r and Chur¢hwÈfdens Man4ingTrust¢¢s
fteQlPT5 AND PAYMENT5 ACCOUNT
for the year ended
31ST DECEMBER 2025
arative 2024
RECEIPTS
570
815
1,385
Rent ofland
Investment income
647
730
1.377
PAYMEI
Draina8e char8e
Legal Fees Itommissi(x>l
120
129
1,385
SURPWS FOR THEYEAR
1,248
STATEMENTOFASSETSAND UABILMES
a5at31 DECEMBER 2025
ASSETS
Pemanent Endowment Note I
Central Board of FSnance
Desl8nated Fund Note 2
Central Board OF Flnancelpart
General Futwj
sh held at St M3ry'5 Church PCC
Centrdl Board of Finance (Partl
B8nk deposltaccount
Currentaccount
527
2,615
211
3.917
1,887
209
3,926
6,022
6,022
7.270
7.270
Note I
Permanwit Endowment now kndged with Cv5todian Trustee5 comprises'.-
Previously held by Mana6insTru5tee5
Wayleave Eranted over part of land ￿ Wembdon proceeds
4,2DJ
io,oco
14,2LK)
Perrnanent Endovm&nt also Include$ 8.087 ¥res land at Wembdan.
Note 2
De$l￿ted Fund representsthe surpluson sale of propertv.
PaBe 18

EMMA PEARCE MEMORIAL FUNO- CHARITY NUMBER 246223
Administered by the Vicar and Churchwardens
of St Mary's Bridgwater
RECEIPTS ANO PAYMENTS ACCOUl+lT
for the year ended
31ST DECEMBER 2025
arotive 2024
RECEIPT5
Income from interest
Flnal Trust Fund Transfer
778
4,749
831
PAYMENTS
Grants to Indlviduals
200
495
5,327
SURPLUS for the Year
336
srATEMENT OF ASSETS AND LIABILITIES
as at 31ST DECEMBER 2025
ASS￿5
18,677
987
Emma pea￿ Memorlal Fund Account
Cash held by St Mary's PCC Bridgwater
18,677
1,323
19,664
20,CK)O
Page 19

THE PARISH CHURCH OF ST. MAR Y BRIDGWA TER
Inde
ndent examiner's re
ort to the trustees of the PCC ol St. Ma
Brid
water
This rcw>rt is on thc accounts of the PCC for thc ycar ended 31st DcceTnber 2025 which ore set out on pages 8 to 16.
This rcport 18 made solely to the wste¢s. as a body. in a(rordance with Scction E45 of the Charities Act 2011 and regulations
made undcr Section 154 of that Act. My wotk has been undertaken so that l Tnight state to thc PCC'S tTUSte¢s (hose matters
l am requircd to state to them in an Independeni Examiner's Rcport and for YLO Other purpose. To th¢ fullest extcnt pcrmitied
by law, I do not accept or assume responsibility to anyone than thc PCC and the PCC'S irnsiees &s a IKpdy, for my work or
for thi% report.
Res
ctlve res
onsibilities of trustees and examiner
The tLUStecs of the PCC are responsible for the preparation of ihe account5. Ihe trnstccs of thc PCC considcr ihat an audil
is not required for this yw under Section 144 of rhe Charities Aci 2011 {"the Ch￿1[1¢$ Act") and that an indepcndcnl
examinatson is need¢d. It is my rcsponsibility to.. cxamine ihe accounts undcr Scction 145 of the Charities Act; Follow the
procedures laid down in the general DiTeclions given by thc ChaTily Commission under Section 145(5)Ib) of the Chariiies
Act- and slate whether particular matters have coFne co my attention.
Basis of Inde
ndent examiner's statemenr
My exatninaiion w￿￿ canied out in arcoidance with thc Directions given by the Chariry Commission. An examinatio
include5 a rcview of ihe accounting records kept by ihe PCC and a comparison of the accounis p￿sented wilh those records.
It also includcs consideraiion 8ny unusual items or disclosures iii (he accounts. and 5ccking explanations from the trusiecs
concerning any such matters. Thc procedures undcrtakcn do not providc all Ihe evidence thar would be rcquird in an audit.
and conSCqllcntly no opinion is given as lo whcthcr ihe accounts prcsent a 'ln]e and fair, view and thc tepori is limilcd to
Ihose matters sci oui in the statement below.
Inde
endent examlner s statement
In connection with my examination. llo macter has comc to my attcntion-
(l) which gives rnc reasonable cause to believc th* in any matcrial rcspcct the rcquiremcnts
to kccp accouniing records in accordance with Scciion 130 of thc Chariiics Act: a￿d
to prcparc occounL% which accord with the accounting records, Accounting and Rcpofling by Charilie.q preparing
their accounts in accordance with thc Financial Reporting StaThdard applicable in thc UK and Republic of Ireland
(FRS 1021 and in oiher rc%pe¢ts comply with Ihc &ccounLing ILquiremcnts of th¢ Charities Act
have noi kcn met; or
(2) to which, in my opinion, attention should bc drnwn in order ro enable a ptoper understanding of
rhc accounts to be reached.
K. D¢iVlCS, FCCA
WcsLco(ts.
CharLered Accountanls,
7 Castle S¢reel,
Bridgwater.
Somcrset.
TA6 3DD
15 May 2026
Pagc 20