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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1128845

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Parochial Church Council of Keynsham

Case Accounting Ltd. 20 Goodwood Way Chippenham SN14 0SY

The Parochial Church Council of Keynsham

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees 1 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Notes to the Financial Statements 16 to 37
Detailed Statement of Financial Activities 38 to 39

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

ADMINISTRATION OF THE PARISH

Keynsham Parochial Church Council is part of the Church of England. It is a member of the Deanery of Chew Magna and the Diocese of Bath and Wells. It administers the ecclesiastical parish of Keynsham which is situated midway between Bristol and Bath in the County of Bath & North East Somerset.

The centres of population within the ecclesiastical parish are the town of Keynsham and the villages of Burnett, Chewton Keynsham and Queen Charlton. The centres of worship within the Parish are the churches of St John the Baptist, the High Street, Keynsham; St Francis, Warwick Road, Keynsham; St Michael in the village of Burnett and St Margaret in the village of Queen Charlton.

The address for the Keynsham Parochial Church Council is: The Parish Office, 1, The Park, Keynsham, Bristol, BS31 2BL. Tel: 0117 9863354 Email: office@keynshamparish.org.uk Website: www.keynshamparish.org.uk

All the churches can be contacted through the Parish Office.

CHARITY DETAILS

The name of the charity is:

The Parochial Church Council of the Ecclesiastical Parish of Keynsham and the Registered Charity Number is: 1128845

INCUMBENT

The Acting Rector is Revd Phil Dykes until the end of April 2025. He can be contacted via the Parish Office.

BANKERS Keynsham PCC National Westminster Bank plc. Knowle Branch, 290 Wells Road, CCLA Investment Management Ltd, Senator House 85 Queen Victoria Street London EC4V 4ET St. John the Baptist HSBC 79 Regent Street, Kingswood, Bristol, BS15 8LH CCLA Investment Management Ltd, Senator House 85 Queen Victoria Street London EC4V 4ET St. Francis TSB Bank plc. St. Margaret HSBC 79 Regent Street, Kingswood, BS15 St. Michael National Westminster Bank plc. Knowle Branch, 290 Wells Road, Knowle, Bristol. BS4 2QA

Page 1

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

CCLA Investment Management Ltd

Senator House 85 Queen Victoria Street London EC4V 4ET

ACCOUNTANT & INDEPENDENT EXAMINER

Case Accounting Ltd, 20 Goodwood Way, Chippenham, SN14 0SY

CHURCH ARCHITECTS

St. John the Baptist George Chedburn Chedburn Codd, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL

St. Francis George Chedburn Chedburn Codd, Glove Factory Studios, 1, Brook Lane,

Holt, Bradford-on-Avon, BA14 6RL St. Margaret George Chedburn Chedburn Codd, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL St. Michael George Chedburn Chedburn Codd, Glove Factory Studios, 1, Brook Lane, Holt, Bradford-on-Avon, BA14 6RL

QUINQUENNIAL INSPECTIONS –

Are expected within the Parish as follows:

St. John the Baptist Church August 2028 St. Margaret Church March 2025 St. Francis Church April 2028 St. Michael Church November 2025

All the churches, halls and the One Community Trust building are in a good state of repair, and are maintained regularly.

LEGAL ADVISER Parochial Church Council

Stone King LLP

Upper Borough Court, 3 Upper Borough Walls, Bath, BA2 1RG

Page 2

The Parochial Church Council of Keynsham

Report of the Trustees

for the Year Ended 31 December 2024

MEMBERSHIP OF KEYNSHAM PAROCHIAL CHURCH COUNCIL FROM THE ANNUAL MEETING IN MAY 2024

Clergy:
Team Rector Revd Phil Dykes (leaving Apr 2025)
Team Vicar & Chairperson Revd Anika Gardiner (left in 2024)
Curate Vacant
Diocesan Synod:
Prebendary Sue Lloyd (until June 2024)		 (St J)
Deanery Synod: Prebendary Sue Lloyd (St J)
Mr John Watkeys (St J)
Mrs Christine Woodward (St J)
Mrs Sue Sprague (St J)
Mr Robert Cook (St F)
St. John’s Churchwardens: Mr Steve Scott
Mrs Lesley Organ
St. Margaret’s Churchwardens: Mr Chris McFee
(one vacancy)
St. Michael’s Churchwardens: Mrs Rosemary Turner
Dr Nick Milton
St. Francis’ Churchwardens: Mr Martin Buton
Stephen McDonnell
Elected Members: Mrs Anne Hewett (St J)
Mrs Jenny Owen (St J)
Dr Richard Pannett (St J)
Mr Robert Cook (St F)
(two vacancies from St Francis)
Mr Graham Lenton (St Michael, Burnett)
Mr Paul Trueman
Mrs Susan Jones (co-opted March 2024, St Ma)
Mrs Sharon Burroughs (co-opted May 2024)

Co-opted Members (co-opted by the PCC, by dint of chairing a PCC subcommittee): Mrs Sue Sprague (Worldwide Mission Committee) Mrs Jane Stockall (Stewardship Committee) Officers of the Keynsham Parochial Church Council: Lay Chair : Prebendary Sue Lloyd (elected from the membership) Treasurer: Mr Paul Trueman Secretary: Ms Sharon Burroughs

Page 3

Report of the Trustees for the Year Ended 31 December 2024

The Parochial Church Council of Keynsham

DONATIONS FROM THE TRUSTEES DURING 2024

It is estimated that during 2024, £26,435 was donated by trustees to the charity. During 2023, £21,624 was donated by trustees to the charity, during 2022, £17,114 was donated by trustees to the charity, during 2021, £19,564 was donated by trustees to the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

THE KEYNSHAM PAROCHIAL CHURCH COUNCIL

Keynsham Parochial Church Council (afterwards referred to as ‘the PCC’) follows in the appointment of its members, both the Church of England’s Church Representation Rules 2022, and the District Scheme as implemented prior to the Annual Church Meeting (APCM) held on the 7[th] May 2024, which updated the District Scheme adopted on 7[th] April 1997.

The scheme agreed on 7[th] May 2024 sets out a structure for each of the four churches in the Parish to have a District Council, and to be represented at the Parochial Church Council. The PCC has delegated various powers (e.g. care of the church fabric and some control of finances) to the four District Church Councils (afterwards referred to as ‘the DCCs’) - one for each church, but such delegation is without prejudice to the exercise by the Parochial Church Council of Keynsham of its functions, powers and duties whenever it shall deem fit to exercise them, in particular concerning the holding of real property and employing staff and other matters for which a body corporate is required.

All those who attend church services are encouraged to register on the Electoral Roll of one of the churches in the Parish, and thereby become eligible to attend District and Parish annual meetings, vote at the annual meetings, and be eligible to be elected to District and Parochial Church Councils, as outlined in the Church Representation Rules 2022.

Full meetings of the PCC are held every other month five times a year, normally on the second Tuesday in the month. The PCC Standing Committee meets as it needs to, up to five times a year, usually on the second Tuesday of the month, alternating month by month with the PCC. The Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. Its members are the clergy, the PCC lay chair, the PCC treasurer and secretary, and all the churchwardens and deputy churchwardens of the parish, although only one churchwarden and deputy churchwarden from any individual church need attend.

The PCC is responsible for making decisions on all matters of general concern and importance to the Parish including the ministry and mission of the Parish, the employment of staff, how the PCC’s finances are managed and funds spent, the safeguarding of children and vulnerable adults, and health and safety matters.

There are two PCC subcommittees: the Worldwide Mission Committee and the Stewardship Committee. The Worldwide Mission Committee is concerned with the Parish’s support of Mission outside the Parish, and the Stewardship Committee with financial stewardship within the Parish. These subcommittees are subject to the PCC as final decision maker.

CHEWTON KEYNSHAM MISSION CHURCH

By agreement of the membership, the Church of Chewton Keynsham ceased functioning at the end of 2020.

Page 4

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

2021 was a transition year. This has included the process of offering the membership of the Eco-Church a home at St Francis; bringing the Chewton Keynsham Church finances under the umbrella of the central PCC account; deciding to proceed with selling the building once diocesan permission has been obtained and preparing to formally agree at the Annual Parochial Church Meeting on 3[rd] May 2022, a Parish Scheme for the governance of the parish which no longer includes Chewton Keynsham Church as a district.

During 2023 and 2024 the process has continued. Diocesan permission was granted to sell the building on 10[th] May 2022, and legal advice is being sought at all stages of the complicated process to sell the building.

RISKS TO THE CHARITY

The risks the charity faces are financial, reputational, legal and operational

The financial risk of insolvency is covered by a variety of means, and is also related to capital of good will so crucial to a church’s functioning. Financial risk is minimised by having accountable and comprehensive systems in place within the parish structures at multiple levels; being adequately insured by the Ecclesiastical Insurance Group (a group with considerable church experience); and being part of the much larger Diocese of Bath and Wells, which in turn is part of the Church of England. For the last nine years the credit the Diocese have offered, by way of accepting late payment of the Parish’s Contribution to the Diocese (‘Parish Share’), has illustrated the support available from the latter source.

A major risk the Parish faces in its functioning is that of the decline of its reputation and social capital, both of the good will within the churches and the good relations the churches within the parish enjoy with the wider community around them. These good relations are kept and improved by valid consultation, considerate neighbourliness, on-going service to the community and adherence to the Charity’s main objectives. Such attitudes are a fundamental part of the Parish’s functioning and intrinsic to its ethos.

The statutory and legal requirements of health and safety, employment and charity law, and those around the issues of safeguarding of vulnerable adults, youth and children are all included in the work of the PCC and DCCs.

The Parish Safeguarding Policy follows that of the guidance of the Diocese of Bath and Wells, and the national Church of England. There is an annual report to the PCC and Annual Parochial Church Meeting.

All the churches and church halls have their own Health and Safety policies. There is combined report for the main site of St John’s Church, the Parish Hall, and the One Community Trust Garage. Professional advice is sought when appropriate.

The operational risks to the church buildings in the parish are covered by regular maintenance, five yearly architectural inspections and adequate insurance.

OBJECTIVES AND ACTIVITIES

The PCC is committed to the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. To this end it maintains worship in all four churches on a weekly basis and many other activities beside. A full report of each of the churches’ activities in the last year is usually published each year in an additional PCC Annual Report available on request.

Page 5

The Parochial Church Council of Keynsham

Report of the Trustees

for the Year Ended 31 December 2024

STAFF EMPLOYED

The PCC employs seven staff to further its objectives:

There are also people that the parish pays as self-employed or for their sessional work as cleaners or organists. There are in addition many, many volunteers who ensure the Parish functions smoothly in countless ways including for example Churchwardens, Treasurers, Leaders of Mothers’ Union and the children’s ministry, flower arrangers, etc.

PUBLIC BENEFIT

In accordance with the Charities Act 2011, the Charity Commission requires a charity to demonstrate that each of its aims provide an identifiable benefit to the public or a section of the public. In this section the Charity Commission’s specific guidance to charities that have the advancement of religion as a major aim has been followed. The PCC (Powers) Measure 1956 states that the PCC ‘is to cooperate with the minister in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’. The activities within Keynsham Parish that surround each of these four aims are described below, along with the accompanying identifiable public benefit. In every case Keynsham PCC is committed to enabling as many people as possible to join in the activities of the Parish and to receive its benefits. Sunday worship is widely advertised and is open to all comers, and includes online provision, pastoral care is available for all who ask, and social activities are usually promoted for the whole community.

EVANGELISTIC (THE ADVANCEMENT OF RELIGION)

The practice and promotion of the Christian faith via Sunday and midweek worship, the yearly Alpha Course, weekly homegroups, Mothers’ Union meetings, and other such activities, provides meaning and purpose in the life of the adherents, offers a moral framework for life choices and also a means of developing and maintaining spiritual wellbeing. This is not confined to only regular worshippers and members, since visitors and new members are welcome, and further the Christian faith encourages the service and loving of others and the working for the wider good of whole society (‘You shall love your neighbour as yourself’).

In addition the maintaining of the historical fabric of the four churches, the burden of which falls on to the four District Church Councils, which are constituents of the PCC (see page above), thereby ensures the preservation of the historic fabric for the whole community. In addition the church buildings provide a sacred space for the wider community for both specific occasions, and for visitors to drop in, in order to reflect, pray and enjoy the quiet. (The largest church, St John’s, is open each day Monday to Friday). The churchyards of St Michael, Burnett, and St Margaret, Queen Charlton are available for burials for members of the public resident in the respective villages.

Page 6

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

St John’s has been connected with the school of the same name in Keynsham since Victorian times and contributes to the spiritual and moral education of the children at the school by three church members as governors and the Team Rector leading collective worship, and the school attending specific services in the Church of St John’s three times a year.

The Two Rivers Church of England School in Keynsham which began its life in September 2020 is also connected in an evolving and similar way to St John’s Church of England School. One church member is a governor, the Team Rector and a team of people lead collective worship, and the school attends specific services in the Church of St John’s occasionally.

PASTORAL

All who reside within the ecclesiastical parish of Keynsham are entitled to a Church of England baptism, wedding or funeral, and those who are associated in other ways with the parish often make use of the opportunity e.g. to marry in the parish. The pastoral care that the clergy and others provide, aims to express Christian caring through the contacts with families and individuals as well as during the Christian services such as funerals themselves. Follow up care for bereaved families includes an invitation to an autumn commemoration service in which the deceased is named and comfort offered.

In 2022 the Parish conducted 14 church funerals and 23 funerals at a crematorium or cemetery; 12 weddings and 33 baptisms.

In 2023 the Parish conducted 24 church funerals and 11 funerals at a crematorium or cemetery; 4 weddings and 31 baptisms.

In 2024 the Parish conducted 19 church funerals and 13 funerals at a crematorium or cemetery; 6 weddings and 28 baptisms.

The pastoral care of members of the church is a central part of the church’s daily activities including visiting the sick at home and in hospital. A good deal of care is offered informally by members of the church community as well as by formal pastoral care structures and the clergy.

The churches within the parish function act as very important social networks not only for their members but for people in the community as a whole. People are prayed for by name (with their permission) during Sunday services whether or not they attend church.

SOCIAL

The church of St John’s and the adjacent Parish Hall are buildings maintained at the Parish’s expense and are available for hire for wider public use. The church is available for concerts; the Parish Hall, for Karate, Keep Fit, Toddlers, and other events including private parties.

St Francis Church having first undertaken the thermal insulation and double glazing of both the church and hall, completed in early 2016 the final phase of its refurbishment project by building a two storey extension to its hall. The resultant facilities have resulted in an increased take up of use by the local community with Toddlers, and other groups.

Concerts are occasionally held in the churches in Burnett and Queen Charlton.

In 2024 the Parish gave away £8,777 to charitable causes. In 2023 the Parish gave away £6,061 to charitable causes. In 2022 the Parish gave away £7,467 to charitable causes, and in 2021 the Parish gave away £18,183 to charitable causes.

Page 7

Report of the Trustees for the Year Ended 31 December 2024

The Parochial Church Council of Keynsham

ECUMENICAL

The Anglican Parish of Keynsham is a partner within the organisation known as ‘Churches Together in Keynsham and Saltford’, which is made up of all the churches in Keynsham (Baptist, Methodist, Pentecostal and Roman Catholic and others), and the Anglican church in Saltford. This umbrella organisation as well as promoting harmony and co-operation between the denominations, and thereby contributing to the religious harmony within the town, contributes to social care through, for example, the ‘Friends in Need’ scheme. This scheme links volunteer drivers with those requiring lifts to doctors’ surgeries or hospitals for their health care needs. In addition the churches of the town of Keynsham support and work with Keynsham Town Council, and the village churches likewise with their Parish Council for the wider community’s thriving and common good.

ACHIEVEMENTS AND PERFORMANCE

A full report of the all the churches’ activities in the last year is usually published each year in an additional PCC Annual Report available on request. The details about the many of the activities that occur in the parish can be seen on the parish website (www.keynshamparish.org.uk).

ELECTORAL ROLL

The were 270 members of the Parish of Keynsham currently. Details are: The were 270 members of the Parish of Keynsham currently. Details are: The were 270 members of the Parish of Keynsham currently. Details are: The were 270 members of the Parish of Keynsham currently. Details are:
2023 Additions Removals 2024
St John’s 190 N/A N/A 187
St Francis 30 N/A N/A 33
St Margaret’s 34 N/A N/A 34
St Michael’s 16 N/A N/A 16
Total 270 N/A N/A 270

FINANCIAL REVIEW

GENERAL – a) end of year debt

The overall picture of the parish’s finances is that they have remained remarkably stable. A crucial measure is the outstanding Parish Share still owed to the Diocese of Bath and Wells at the end of the year.

In 2024 the Parish was owed £552 from the Diocese of Bath and Wells. In 2023 the Parish was owed £4,243 from the Diocese of Bath and Wells. In 2022 the Parish (in reality St John’s) finished the year owing £19,795, slightly up on the year before (2021) when St John’s finished the year owing £18,950.

Page 8

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

GENERAL – b) financial positions of each Church (unrestricted funds)

The situation with regard to each of the individual churches is shown in the table below:

For 2024

For 2024
End of year balance of income
versus expenditure of
unrestricted funds for 2024		 Carry over surplus or deficit of all
unrestricted funds at the end of
2024
St John £29,722 £27,357
St Francis Minus £6,439 £7,550
**St Margaret, QC ** Minus £1,305 £2,740
St Michael, Burnett £4,279 £18,066

For 2023

For 2023
End of year balance of income
versus expenditure of
unrestricted funds for 2023		 Carry over surplus or deficit of all
unrestricted funds at the end of
2023
St John Minus £46,608 Minus £2,365
St Francis Minus £6,090 £13,989
**St Margaret, QC ** Minus £1,789 £4,045
St Michael, Burnett £3,667 £13,787

By way of comparison for 2022

By way of comparison for 2022
End of year balance of income
versus expenditure of
unrestricted funds for 2022		 Carry over surplus or deficit of all
unrestricted funds at the end of
2022
St John £26,323 £44,244
(£40,700 is from two generous
legacies)
St Francis Minus £1,843 £20,079
**St Margaret, QC ** Minus £36 £5,834
St Michael, Burnett £1,957 £10,120

THE ONE COMMUNITY TRUST PROJECT

In November 2010 the former Rectory building on the St John’s site was purchased by the parish for £315,000. Along with costs to convert the use of the building and the ancillary costs of legal fees of £27,674, the total cost to the Parish was £342,674.

The purchase was made possible by a loan from the Diocese of Bath and Wells of £225,000, alongside loans and gifts from private individuals, and a loan of £49,500 from PCC designated reserves.

Through the hard work and energy of the ‘Rectory Development Group’, a group largely of volunteers, a huge sum of money was raised in grants and donations, such that at the end of 2016, the amount outstanding was only £67,517 to the Diocese and £26,500 to the Parochial Church Council.

Page 9

The Parochial Church Council of Keynsham

Report of the Trustees for the Year Ended 31 December 2024

Following discussion within the Community Management Group overseeing The One Community Trust Project on behalf of the Parochial Church Council, and within the Parochial Church Council, and after consultation with external advisors, the decision was made by the Parochial Church Council meeting on 2[nd] February 2015 for The One Community Trust Project to become a separate charity. The separate charity known as The One Community Trust Keynsham (charity number 1163878) was registered as a charitable incorporated organisation on 7[th] October 2015, with the charitable objects as:

The One Community Trust operates from a Christian ethos, & is based at the for building in Keynsham, adjacent to St John's Church. Our objectives are:

At the end of 2019 the PCC owed £72,803 (£1,946 having been added as interest for the year). There were no repayments to the Diocese during 2019, or the previous 3 years as arranged beforehand with Diocese. During 2020 repayments have recommenced with the One Community Trust paying £6,469 during 2020 in lieu of rent; leaving £67,947 owing with the addition of interest. During 2021 the One Community Trust paid £6,281 in lieu of rent; leaving £63,075 owing with the addition of interest. During 2022 the One Community Trust paid £7,081 in lieu of rent; leaving £58,226 owing with the addition of interest. The 2023 Accounts had a one-off payment of £4,000; leaving £55,474 owing with the addition of interest. In 2024 it came to light that there had been an additional payment of £8,562 made in 2023, so this has been added to the payment of £8,364 (total of in lieu of rent in 2024; leaving £44,521 owing with the addition of interest.

The Parochial Church Council continues to take a close supportive interest in the One Community Trust.

LEGACY POLICY

The Parochial Church Council adopted a Legacy policy at its meeting on 12[th] January 2016. [This was after having invited the individual churches to consider a policy of their own, but their feedback to the Parochial Church Council was that they would prefer a parish wide one.]

The policy is:

“The Keynsham Parochial Church Council (PCC) reaffirms its commitment to encouraging people to make and review their Wills as part of their Christian stewardship.

It welcomes church members leaving gifts in their Wills for the general purposes of the parish, and if they wish to specific churches within the parish. The PCC’s policy is to use gifts in Wills to fund significant development projects in the parish whether buildings, equipment, or staff. Because it may not be possible to fulfil specific donor requests, we prefer gifts to be subject to minimum restrictions.”

Page 10

The Parochial Church Council of Keynsham

Report of the Trustees

for the Year Ended 31 December 2024

RESERVES ~~TEE~~

RESERVES POLICY

The Policy of each of the four individual churches is to maintain sufficient unrestricted funds to cover necessary foreseeable expenditure, and retain a positive financial balance at all times.

For the three biggest accounts of St Francis, St John’s and the Central PCC accounts, the ideal is to have sufficient cash at bank available to cover three months of staff costs and regular expected expenditure.

It is our policy to invest our reserve funds with CCLA Investment Management Ltd, Senator House, 85 Queen Victoria Street, London EC4V 4ET.

RESERVES CURRENTLY HELD

Reserves held
at 31st December 2024		 Reserves held
at 31st December 2023
Keynsham PCC Totals General = £151,151
Fixed Assets (net of loans)
Restricted = £150,108
Unrestricted = £1,084,720
Other Restricted = £102,377
Other Designated = £40,709
Endowment = £27,372		 General = £91,192
Fixed Assets (net of loans)
Restricted = £155,768
Unrestricted = £1,102,660
Other Restricted = £64,450
Other Designated = £33,434
Endowment = £44,762
St John the Baptist, Keynsham General = £27,357
Restricted = £95,743
Endowment = £22,595		 General = (£2,365)
Restricted = £55,633
Endowment = £0
St Francis, Keynsham General = £2,550
Designated = £5,000
Restricted = £1,010		 General = £8,989
Designated = £5,000
Restricted = £1,010
Chewton Keynsham Mission
Church		 Included within the PCC totals
goingforward		 Included within the PCC totals
goingforward
St Margaret, Queen Charlton General = £2,610
Designated = £130
Restricted = £1,776		 General = £3,497
Designated = £548
Restricted = £1,746
St Michael, Burnett General = £18,066
Restricted = £2,596		 General = £13,787
Restricted = £5,809

As can be seen the reserves held by the four churches are small.

Approved by order of the PCC on 13 May 2025 and signed on its behalf by:

Prebendary Sue Lloyd Keynsham PCC Lay Chair

Paul Trueman Keynsham PCC Treasurer

Page 11

Independent Examiner's Report to the Trustees of The Parochial Church Council of Keynsham

Independent examiner's report to the trustees of The Parochial Church Council of Keynsham

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of Keynsham (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr T Case ICAEW

Institute of Chartered Accountants in England and Wales (ICAEW) Case Accounting Ltd. 20 Goodwood Way Chippenham SN14 0SY

Date: 13 May 2025

Page 12

The Parochial Church Council of Keynsham

Statement of Financial Activities

for the Year Ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
303,793
Other trading activities
3
17,854
Investment income
4
2,616
Other income
5
80,365
Total
404,628
EXPENDITURE ON
Charitable activities
6
Parish office expenses
Church running expenses
39,706
64,411
Hall running expenses
31,807
Other
77,434
Missionary and charitable
giving
7,887
Work of the P.C.C
133,032
Other
8
-
Total
354,277
Net gains/(losses) on
investments
-
NET
INCOME/(EXPENDITURE)
50,351
TRANSFER BETWEEN FUNDS
(1,057)
RECONCILIATION OF FUNDS
Total funds brought forward
1,227,286
TOTAL FUNDS CARRIED
FORWARD
1,276,580
Restricted
funds
£
23,192
450
2,072
-
25,714
-
13,460
-
154
890
-
-
14,504
-
11,210
21,057
220,218
252,485
Endowment
funds
£
-
-
1,576
-
1,576
-
-
-
-
-
-
99
99
1,133
2,610
(20,000)
44,762
27,372		 31.12.24

Total
funds
£
326,985
18,304
6,264
80,365
431,918
39,706
77,871
31,807
77,588
8,777
133,032
99
368,880
1,133
64,171
-
1,492,266
1,556,437
31.12.23
Total
funds
£
349,209
20,322
3,722
65,335
438,588
31,971
110,988
31,636
79,990
6,061
183,887
1,224
445,757
3,876
(3,293)
-
1,495,559
1,492,266

The notes form part of these financial statements

Page 13

The Parochial Church Council of Keynsham

Balance Sheet

31 December 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
1,181,692
Investments
14
-
1,181,692
CURRENT ASSETS
Debtors
15
14,332
Cash at bank
136,488
150,820
CREDITORS
Amounts falling due within
one year
16
(11,411)
NET CURRENT ASSETS
139,409
TOTAL ASSETS LESS
CURRENT LIABILITIES
1,321,101
CREDITORS
Amounts falling due after
more than one year
17
(44,521)
NET ASSETS
1,276,580
Restricted
funds
£
150,108
-
150,108
-
102,377
102,377
-
102,377
252,485
-
252,485
Endowment
funds
£
-
4,777
4,777
-
22,595
22,595
-
22,595
27,372
-
27,372		 31.12.24

Total
funds
£
1,331,800
4,777
1,336,577
14,332
261,460
275,792
(11,411)
264,381
1,600,958
(44,521)
1,556,437
31.12.23
Total
funds
£
1,355,400
44,762
1,400,162
16,408
140,114
156,522
(8,944)
147,578
1,547,740
(55,474)
1,492,266

The notes form part of these financial statements

continued...

Page 14

The Parochial Church Council of Keynsham

Balance Sheet - continued 31 December 2024

FUNDS 18
Unrestricted funds 1,276,580 1,277,286
Restricted funds 252,485 200,218
Endowment funds 27,372 44,762
TOTAL FUNDS 1,556,437 1,492,266

The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2025 and were signed on its behalf by:

Prebendary Sue Lloyd Keynsham PCC Lay Chair

Paul Trueman Keynsham PCC Treasurer

The notes form part of these financial statements

Page 15

The Parochial Church Council of Keynsham

Notes to the Financial Statements for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The charity's accounts comprise the activities of:

St John the Baptist, Keynsham St Francis, Keynsham St Margaret's, Queen Charlton St Michael's, Burnett The Parochial Church Council Central The Keynsham Parish Clergy Fees Account

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law including the former rectory freehold premises and the related loan from the Diocese. They do not include the accounts of other church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Planned giving is only recognised when received.

Collections are recognised when received by or on behalf of the PCC.

Legacies are accounted for as soon as the PCC is notified of its legal entitlement, the amount can be estimated with sufficient accuracy and it is probable that the amount will be received.

Income tax recoverable on gift aid donations is recognised when the donation is received.

Sales of books and other items sold in the shop are recognised at point of sale.

Fees arising from the use of properties are recognised when the fee is due.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which cannot be recovered, and is classified under headings of the statement of financial activities to which it relates.

continued...

Page 16

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Resources expended

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

The diocesan parish share is accounted for when payable.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property Straight line over 50 years Solar panels Straight line over 10 years Office equipment Straight line over 4 years

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 17

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. DONATIONS AND LEGACIES

Donations
Planned giving
Gift Aid
Gift Aid collection
Cash collections
Donations, appeals
Legacies
Legacies (St John)
Legacies (PCC)
Grants receivable
Bath & Wells Diocesan of Change Bells
Friends of St John
St John's Bellringers
St Margaret’s Energy Grant
St Francis Heating Grant
Donations
Planned giving
Gift Aid
Gift Aid collection
Cash collections
Donations, appeals
Legacies
Legacies (St John)
Grants receivable
Bath & Wells Diocesan of Change Bells
Friends of St John
St John's Bellringers
St Margaret’s Energy Grant		 Unrestricted
Funds
£
167,253
37,970
6,056
7,493
44,201
6,464
7,127
-
-
-
-
27,229
303,793
Unrestricted
Funds
£
186,372
45,732
4,090
6,909
28,513
18,600
-
-
-
400
290,616		 Restricted
Funds
£
-
3,213
-
-
19,979
-
-
-
-
-
-
-
23,192
Restricted
Funds
£
-
10,000
-
-
48,593
-
-
-
-
-
58,593		 Total Funds
2024
£
167,253
41,183
6,056
7,493
64,180
6,464
7,127
-
-
-
-
27,229
326,985
Total Funds
2023
£
186,372
55,732
4,090
6,909
77,106
18,600
-
-
-
400
349,209

continued...

Page 18

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

3. OTHER TRADING ACTIVITIES

Fundraising events and activities
Harvest lunches
Mission income
Use of Church facilities (CK)
Fundraising events and activities
Harvest lunches
Mission income
Use of Church facilities (CK)		 Unrestricted
Funds
£
10,186
-
7,688
-
17,854
Unrestricted
Funds
£
15,640
-
3,631
891
20,162		 Restricted
Funds
£
300
150
-
-
450
Restricted
Funds
£
-
160
-
-
160		 Total Funds
2024
£
10,486
150
7,668
-
18,304
Total Funds
2023
£
15,640
160
3,631
891
20,322

4. INVESTMENT INCOME

Other interest received
Other interest received		 Unrestricted
Funds
£
2,616
Unrestricted
Funds
£
1,849		 Restricted
Funds
£
2,072
Restricted
Funds
£
649		 Endowment
Funds
£
1,576
Endowment
Funds
£
1,224		 Total Funds
2024
£
6,264
Total Funds
2023
£
3,722

continued...

Page 19

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. OTHER INCOME

Parish hall and St John's church lettings
Other rents received (SF)
Fees
Office services and other income
Solar panel rebates (SJ)
One Community repayment of loan
Parish hall and St John's church lettings
Other rents received (SF)
Fees
Office services and other income
Solar panel rebates (SJ)
One Community repayment of loan		 Unrestricted
Funds
£
16,433
20,041
24,886
1,343
736
16,926
80,365
Unrestricted
Funds
£
18,930
16,755
19,198
5,757
695
4,000
65,335		 Restricted
Funds
£
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-		 Total Funds
2024
£
16,433
20,041
24,886
1,343
736
16,926
80,365
Total Funds
2023
£
18,930
16,755
19,198
5,757
695
4,000
65,335

6. CHARITABLE ACTIVITIES COSTS

EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

Mission and Charitable giving
Diocesan parish share
Fees
Other groups and activities
Youth & Children and Families workers expenses
Support costs		 Unrestricted
Funds
£
7,887
112,741
17,418
2,230
643
213,457
354,376		 Restricted
Funds
£
890
-
-
-
-
13,614
14,504		 Total Funds
2024
£
8,777
112,741
17,418
2,230
643
227,071
368,880

continued...

Page 20

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. CHARITABLE ACTIVITIES COSTS - continued

Mission and Charitable giving
Diocesan parish share
Fees
Other groups and activities
Youth & Children and Families workers expenses
Support costs		 Unrestricted
Funds
£
5,866
166,164
12,429
3,458
1,464
236,133
425,514		 Restricted
Funds
£
195
-
-
372
-
18,452
19,019		 Total Funds
2023
£
6,061
166,164
12,429
3,830
1,464
254,585
444,533
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Charitable
Work of the
giving
P.C.C
£
£
Mission and Charitable giving
8,777
-
Diocesan parish share
-
112,741
Fees
-
17,418
Other groups and activities
-
2,230
Youth & Children and Families
workers expenses
-
643
Parish office expenses
-
-
Church running expenses
-
-
Church running expenses – lighting
project (SJ)
-
-
Hall running expenses
-
-
Other
-
-
Other – Wardens
-
-
8,777
133,032		 Support
Costs
£
-
-
-
-
-
39,706
77,871
-
31,807
77,588
99
227,071		 Total Funds
2024
£
8,777
112,741
17,418
2,230
643
39,706
77,871
-
31,807
77,588
99
368,880		 Total Funds
2023
£
6,061
166,164
12,429
3,830
1,464
31,971
66,810
44,178
31,636
79,990
1,224
445,757

7. GRANTS PAYABLE

GRANTS PAYABLE
31.12.24 31.12.23
£ £
Missionary and charitable giving 8,777 6,061

continued...

Page 21

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

7. GRANTS PAYABLE - continued

PCC Chipata
CTKS
Life Project Bath Pride
Keynsham food bank
Beloved
Homes for Good
Chew Magna Deanery
Genesis Trust
Diocese Bells
Mission giving
Crisis
DEC Ukraine Appeal
Charitable giving
Bath Refugees
Sisters of the Church
Oxfam
Julian House
International Justice Museum		 2024
£
5,314
1,540
720
282
250
250
220
181
20
-
-
-
-
-
-
-
-
-
8,777		 2023
£
500
-
-
175
-
-
-
385
20
1,128
1,000
1,000
735
540
197
170
147
64
6,061

8. OTHER

Endowment fund income paid to St John's Wardens
Endowment fund income paid to St John's Wardens		 Unrestricted
Fund
£
-
Unrestricted
Fund
£
-		 Endowment
Funds
£
99
Endowment
Funds
£
1,224		 Total Funds
2023
£
99
Total Funds
2023
£
1,224

continued...

Page 22

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

10. STAFF COSTS

2024 2023
£ £
Wages and Salaries (including employer pension contributions) 61,333 54,499

The PCC employs seven staff to further its objectives:

Parish Youth Worker - Ms Philippa Lovell for 20 hours/week.

Parish Office Manager to administer the Parish Office – Mrs Linda Fry for 20 hours/week (from 16[th] May 2023).

Facilities Manager - Mrs Vanessa Body for 20 hours/week.

Caretaker of the St John's site - Mr Steve Spiteri for 12 hours/week (he is paid from St John's District Council funds). Steve left in July 2024.

Caretaker of the St John's site - Mr Graham Mitchell for 12 hours/week from 13[th] November 2023 (he is paid from St John's District Council funds).

St John's Music Director - Mr Samuel Shackleton for 20 hours/week (he is paid from St John's District Council funds).

Caretaker of St Francis - Mrs Jenny Minty for 11 hours/week (she is paid from St Francis District Council funds).

Assistant Caretaker of St Francis - Mrs Katie Poynter for 12 hours/week (she is paid from St Francis District Council funds).

There are also people that the parish paid as self-employed or for their sessional work as organists.

No employee received remuneration of more than £60,000 during the year.

continued...

Page 23

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

11.
2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
290,616
58,593
Other trading activities
20,162
160
Investment income
1,849
649
Other income
65,335
-
Total
377,962
59,402
EXPENDITURE ON
Charitable activities
Parish office expenses
Church running expenses
31,971
99,829
-
11,159
Hall running expenses
30,793
843
Other
73,168
6,822
Missionary and charitable giving
5,866
195
Work of the P.C.C.
183,887
-
Other
-
-
Total
425,514
19,019
Net gains on investments
-
-
NET INCOME/(EXPENDITURE)
(47,552)
40,383
Transfers between funds
(2,707)
2,707
Net movement in funds
(50,259)
43,090
RECONCILIATION OF FUNDS
Total funds brought forward
1,277,545
177,128
TOTAL FUNDS CARRIED FORWARD
1,227,286
220,218
Endowment
funds
£
-
-
1,224
-
1,224
-
-
-
-
-
-
1,224
1,224
3,876
3,876
-
3,876
40,886
44,762
Total
funds
£
349,209
20,322
3,722
65,335
438,588
31,971
110,988
31,636
79,990
6,061
183,887
1,224
445,757
3,876
(3,293)
-
(3,293)
1,495,559
1,492,266

continued...

Page 24

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

12. SUPPORT COSTS

Office and staff costs
Photocopying, postage and stationery
Office equipment
Office consumables including IT
Light, heat and water
Insurance
Repairs and maintenance (incl. churchyard)
Repairs and maintenance - lighting project (SJ)
Music director and organist (SJ)
Cleaning and caretaking (SJ)
Accountancy and professional fees
Depreciation
Clergy and ministry expenses
Caretaker costs (SF)
Organ, choir and music costs (SF and SJ)
Interest on loan from Diocese of Bath & Wells
Other expenses
Office and staff costs
Photocopying, postage and stationery
Office equipment
Office consumables including IT
Light, heat and water
Insurance
Repairs and maintenance (incl. churchyard)
Repairs and maintenance – lighting project (SJ)
Music director and organist (SJ)
Cleaning and caretaking (SJ)
Accountancy and professional fees
Depreciation
Clergy and ministry expenses
Caretaker costs (SF)
Organ, choir and music costs (SF and SJ)
Interest on loan from Diocese of Bath & Wells
Other expenses		 Parish office
expenses
£
29,160
684
6,135
3,726
-
-
-
-
-
-
-
-
-
-
-
-
1
39,706
Other
£
-
-
-
-
-
-
-
-
-
-
9,600
23,600
13,262
13,580
4,568
5,973
7,104
77,687		 Church running
expenses
£
-
2,240
-
-
15,726
7,054
34,102
-
18,749
-
-
-
-
-
-
-
-
77,871
Total funds
2024
£
29,160
2,924
6,135
3,726
23,528
9,016
40,256
-
18,749
15,889
9,600
23,600
13,262
13,580
4,568
5,973
7,104
227,071
Hall running
expenses
£
-
-
-
-
7,802
1,962
6,154
-
-
15,889
-
-
-
-
-
-
-
31,807
Total Funds
2023
£
20,901
2,583
4,743
2,265
20,302
7,580
38,840
44,178
16,284
13,459
9,600
23,600
14,375
11,113
5,357
1,248
19,381
255,809

continued...

Page 25

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2024 and
31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
1,615,000
259,600
23,600
283,200
1,331,800
1,355,400
Plant and

machinery
£
17,855
17,855
-
17,855
-
-		 Fixtures

and

fittings
£
7,880
7,880
-
7,880
-
-		 Totals
£
1,640,735
285,335
23,600
308,935
1,331,800
1,355,400

The freehold property consists of :

St John's Church Hall, which is held by the PCC on behalf of the DCC of St John the Baptist, Keynsham.

Chewton Keynsham Mission church, which is held by the PCC.

The St John's Youth and Community Centre (formerly The Rectory) was purchased in Autumn 2010 for £315,000.

All freehold property is recognised using a previous depreciated replacement cost valuation as a deemed cost on transition to SORP (FRS 102). These assets are being depreciated from their valuation year of 2012.

continued...

Page 26

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

14. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 January 2024 44,762
Revaluations 1,133
Encashed and transferred to St John’s (Fabric and Poor & Aged endowments) (42,262)
Interest received and not paid to St John’s (Fabric and Poor & Aged endowments) 1,144
At 31 December 2024 4,777
NET BOOK VALUE
At 31 December 2024 4,777
At 31 December 2023 44,762
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by:
Unlisted
investments
£
Valuation in 2024 3,633

Investments comprise the following:

1,823 income shares in the Central Board of Finance Investment Fund of which 963 shares are the Fabric expendable endowment fund and 860 shares are the Poor and Aged permanent endowment fund. The market value of these shares at 31 December 2023 was £41,210 (2022: £37,637). These endowments were encashed and transferred to St John’s in 2024.

179 COIF Charities Investment Fund, income units which are the J. Bowles permanent endowment fund. The dividends received are paid over to St. John's Wardens Account. The market value of these shares at 31 December 2024 was £3,633 (2023: £3,552).

continued...

Page 27

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Other debtors 6,305 6,803
Diocesan parish share 552 4,243
Gift aid receivable 7,475 5,362
14,332 16,408
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Diocesan parish share - -
Other creditors 11,411 8,944
11,411 8,944
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£ £
Other creditors 44,521 55,474

During 2017 the loan repayment date was extended from 31 December 2020 to 31 December 2034. Interest is payable at 2% above variable Bank of England base rate and is charged annually in arrears. The interest may be settled or added to the capital balance outstanding. Although the loan term is until 31 December 2034, the trustees intend to repay the loan as soon as possible.

continued...

Page 28

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Mission worldwide (PCC)
Residential weekend (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Lee Abbey (PCC)
Reserve fund (SF)
Fabric fund (QC)
Growing leaders course (PCC)
Legacy fund (SJ)
Building fund (SJ)
Capital assets fund (PCC)
Holiday at home (PCC)
Restricted funds
Bell fund (QC)
Boiler/Property fund (QC)
Clock Gilding fund (QC)
Harvest supper (QC, CK)
Extension appeal (SM,B)
Fabric fund (St M, B)
Sunday Club (SF)
Video fund (SF)
Youth Club fund (SF)
Bellringers (SJ)
Building work fund (SJ)
Choir fund (SJ)
Fabric and equipment fund (SJ)
Heating fund (SJ)
Music & worship fund (SJ)
Organ fund (SJ)
Outreach fund (SJ)
Music scholarship fund (SJ)
Tower lighting fund (SJ)
Church maintenance fund (CK)		 At 1.1.24
£
91,192
5,820
729
509
1,129
238
5,000
548
194
18,600
-
1,102,660
667
1,227,286
1,726
-
20
43
1,245
3,564
295
340
375
300
49,744
2,470
641
-
403
699
700
151
525
852		 Net
movement

in funds
£
61,016
1,094
-
26
109
-
-
(418)
-
6,464
-
(17,940)
-
50,351
30
-
-
-
-
(3,213)
-
-
-
616
-
96
2,065
18,006
-
-
-
-
(730)
-		 Transfers

between

funds
£
(1,057)
-
-
-
-
-
-
-
-
(25,064)
25,064
-
-
(1,057)
-
-
-
-
1,000
-
-
-
-
57
-
-
(205)
20,000
-
-
-
205
-
At
31.12.24
£
151,151
6,914
729
535
1,238
238
5,000
130
194
-
25,064
1,084,720
667
1,276,580
1,756
-
20
43
2,245
351
295
340
375
973
49,744
2,566
2,501
38,006
403
699
700
151
-
852

continued...

Page 29

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

CTKS
The One Community Trust
Endowment funds
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
TOTAL FUNDS		 357
155,768
220,218
19,441
21,769
3,552
44,762
1,492,266		 -
(5,660)
11,210
1,184
1,345
81
2,610
64,171		 -
-
21,057
(10,000)
(10,000)
-
(20,000)
-		 -
150,108
252,485
10,625
13,114
3,633
27,372
1,556,437

continued...

Page 30

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

18. MOVEMENT IN FUNDS

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Mission worldwide (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Fabric fund (QC)
Legacy fund (SJ)
Capital assets fund (PCC)
Restricted funds
Bell fund (QC)
Harvest supper (QC, CK)
Fabric fund (St M, B)
Bellringers fund (SJ)
Choir fund (SJ)
Fabric and equipment fund (SJ)
Heating fund (SJ)
Tower lighting fund (SJ)
The One Community Trust
Endowment funds
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
TOTAL FUNDS		 Incoming
resources
£
388,948
7,668
26
109
1,413
6,464
-
404,628
50
150
7
850
300
2,065
19,192
3,100
-
25,714
688
789
99
1,576
431,918		 Resources
expended
£
(327,932)
(6,574)
-
-
(1,831)
-
(17,940)
(354,277)
(20)
(150)
(3,220)
(234)
(204)
-
(1,186)
(3,830)
(5,660)
(14,504)
-
-
(99)
(99)
(368,880)		 Gains and
Movement
losses
in funds
£
£
-
61,016
-
1,094
-
26
-
109
-
(418)
-
6,464
-
(17,940)
-
50,351
-
30
-
-
-
(3,213)
-
616
-
96
-
2,065
-
18,006
-
(730)
-
(5,660)
-
11,210
496
1,184
556
1,345
81
81
1,133
2,610
1,133
64,171

continued...

Page 31

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

18. MOVEMENT IN FUNDS - continued

2023 Comparatives for movement in funds

Unrestricted funds
General fund
Mission worldwide (PCC)
Residential weekend (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Lee Abbey (PCC)
Reserve fund (SF)
Fabric fund (QC)
Growing leaders course (PCC)
Legacy fund (SJ)
Capital assets fund (PCC)
Holiday at home (PCC)
Restricted funds
Fabric and equipment fund (SJ)
Choir fund (SJ)
Outreach fund (SJ)
Organ fund (SJ)
Harvest supper (QC, CK)
Music & worship fund (SJ)
Fabric fund (St M, B)
Boiler/Property fund (QC)
New door fund (CK)
Clock Gilding fund (QC)
Extension appeal (SM,B)
Bell fund (QC)
The One Community Trust
Video fund (SF)
CTKS (CK)
Youth Club fund (SF)
Sunday Club (SF)
Church Maintenance fund (CK)		 At 1.1.23
£
104,805
2,190
552
488
1,040
238
4,000
2,071
194
40,700
1,120,600
667
1,277,545
843
887
1,207
878
58
254
6,295
(1,000)
(94)
20
1,245
1,746
161,428
340
357
375
295
852		 Net
movement

in funds
£
(9,909)
3,631
177
21
89
-
-
(1,521)
-
(22,100)
(17,940)
-
(47,552)
(1,815)
1,582
(507)
(179)
(15)
149
(2,731)
-
-
-
-
(20)
(5,660)
-
-
-
-
-		 Transfers

between

funds
£
(3,704)
(1)
-
-
-
-
1,000
(2)
-
-
-
-
(2,707)
1,613
-
-
-
-
-
-
1,000
94
-
-
-
-
-
-
-
-
-
At
31.12.23
£
91,192
5,820
729
509
1,129
238
5,000
548
194
18,600
1,102,660
667
1,227,286
641
2,470
700
699
43
403
3,564
-
-
20
1,245
1,726
155,768
340
357
375
295
852

continued...

Page 32

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

Music Scholarship fund (SJ)
Tower Lighting fund (SJ)
Bellringers fund (SJ)
Building work fund (SJ)
Endowment funds
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
TOTAL FUNDS		 151
525
466
-
177,128
17,755
19,882
3,249
40,886
1,495,559		 -
-
(166)
49,744
40,383
1,686
1,887
303
3,876
(3,293)		 -
-
-
-
2,707
-
-
-
-
-		 151
525
300
49,744
220,218
19,441
21,769
3,552
44,762
1,492,266

continued...

Page 32

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

18. MOVEMENT IN FUNDS - continued

2023 Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Mission worldwide (PCC)
Residential weekend (PCC)
Keynsham parish ministry (PCC)
Keynsham parish development (PCC)
Fabric fund (QC)
Legacy fund (SJ)
Capital assets fund (PCC)
Restricted funds
Fabric and equipment fund (SJ)
Choir fund (SJ)
Outreach fund (SJ)
Organ fund (SJ)
Harvest supper (QC, CK)
Music & worship fund (SJ)
Fabric fund (St M, B)
Bell fund (QC)
The One Community Trust
Bellringers fund (SJ)
Building work fund (SJ)
Endowment funds
P Smith Poor and Aged fund
P Smith Fabric fund
Bowles fund
TOTAL FUNDS		 Incoming
resources
£
347,878
3,631
5,925
21
89
1,818
18,600
-
377,962
941
2,194
500
-
160
149
8
-
-
-
55,450
59,402
531
595
98
1,224
438,588		 Resources
expended
£
(357,787)
-
(5,748)
-
-
(3,339)
(40,700)
(17,940)
(425,514)
(2,756)
(611)
(1,007)
(179)
(175)
-
(2,739)
(20)
(5,660)
(166)
(5,706)
(19,019)
(531)
(595)
(98)
(1,224)
(445,757)		 Gains and
Movement
losses
in funds
£
£
-
(9,909)
-
3,631
-
177
-
21
-
89
-
(1,521)
-
(22,100)
-
(17,940)
-
(47,552)
-
(1,815)
-
1,583
-
(507)
-
(179)
-
(15)
-
149
-
(2,731)
-
(20)
-
(5,660)
-
(166)
-
49,744
-
40,383
1,686
1,686
1,887
1,887
303
303
3,876
3,876
3,876
(3,293)

continued...

Page 34

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

20. FUNDS

The unrestricted funds are as follows:

Mission Worldwide fund - this fund is used by the PCC's Worldwide Mission Committee to make grants to organisations engaged in local, national and international mission. It is also used to record donations for the Zambia general fund and Bernards Wheels appeal.

Residential weekend - monies are saved towards the cost of undertaking, every other year, a weekend residential. The funds held will be utilised for any future parish weekend away.

Keynsham Parish Ministry Fund - this fund was set up in 2007 for the creation, provision, maintenance and improvement of ministry and mission. It was funded from legacy money.

Keynsham Parish Development Fund - this fund was set up in 2001 for the purposes of development and enhancement of church buildings in Keynsham Parish to further their service to the parish and wider community. It was funded from part of the proceeds of the sale of the former curate's house (88 Chandag Road).

The Holiday at Home fund makes provision for an event run each summer for the parish by St John's Pastoral Committee to provide an opportunity for persons of restricted mobility to socialise and enjoy seasonal hospitality and excursions.

The St Francis reserve fund is monies set aside for future use.

The St Margaret's Fabric Fund is available for use for the maintenance of the fabric of the church at St Margaret's Queen Charlton.

The Growing Leaders course is funds raised from course attendees to meet the cost of the course, with any surplus available to be used by the PCC for any other purpose.

Capital Assets Fund - this fund represents the charity's fixed assets which have been funded from unrestricted funds. Depreciation charged against the assets reduces this fund and the balance on the fund at each year end is equal to the net book value at the year end of the fixed assets which have been funded by unrestricted funds.

The restricted funds are as follows:

The Kitchen equipment fund (SJ) is monies received to be spent on various equipment in the St John's hall kitchen.

continued...

Page 35

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

20. FUNDS - continued

The Fabric Fund (SJ) contains donations to be used solely for the maintenance of the Fabric of St John's Church.

The Choir fund (SJ) is to be used for the purchase of music and other choir needs e.g. choir vestments.

The Outreach fund (SJ) is to be used to fund outreach projects.

The Organ fund (SJ) is to be used to pay for ongoing repairs and maintenance of the organ.

The Building works fund (SJ) is monies raised towards the cost of church building development works at St Johns.

The Heating works fund (SJ) is monies raised towards the cost of installing new heating at St Johns.

The Harvest Supper fund is monies raised at Harvest Supper for specific grant giving.

The Music and Worship fund (SJ) is to be used for the support of music, other than the choir.

The Video fund (SF) is to be used for the purpose of acquiring and maintaining video equipment.

The Fabric fund (SM,B) is to be used to fund repairs to, and maintenance of, the Fabric of St Michael's Church, Burnett.

The CTKS fund (CK) is to be used to pay for visiting speakers at the Eco-Services.

The Youth Club fund (SF) is monies received following the closure of a Youth Club and is to be used specifically for young people.

The One Community Trust contains funds raised for the purpose of purchasing and renovating the St John's Youth and Community Centre (formerly The Rectory).

The Church Toilet and kitchenette extension fund (SM,B) is funding specifically raised towards the costs of a Church toilet and kitchenette extension at St Michael's Burnett. This work was completed summer 2018.

The Bell fund (QC) has been accumulated by the Bell Ringers over a number of years to be used towards the upkeep of the Bells, Bell Tower and Fabric.

The Sunday Club fund (SF) is used towards the cost of making and filling bags with toys and books to keep children occupied before and after Sunday School activities.

continued...

Page 35

The Parochial Church Council of Keynsham

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

20. FUNDS - continued

The Clock Gilding fund (QC) is monies raised for that very purpose.

The Church maintenance fund (CK) was the receipt of a legacy which is to be used as a contribution towards the cost of planned work on the roots of a tree next to Chewton Keysham church. In 2019 the donor relaxed the restriction on the use of the funds to enable the remaining balance to be used for general church maintenance.

The Music scholarship fund (SJ) is for supporting chorist and musicians by scholarships.

The Tower lighting fund (SJ) is to upgrade the external lighting of St John’s church tower.

The Bellringers fund (SJ): Formerly the St John’s bellringers held their funds separately in a separate bank account. They now hold their funds within the St John’s accounts.

The endowment funds are as follows:

The Poor and Aged fund income shall be remitted to the incumbent and churchwardens of Keynsham who shall apply the same among the poor and aged inhabitants residing in the said ecclesiastical parish.

The Fabric fund capital and income shall be held for the incumbent and churchwardens of Keynsham who shall apply the same in or towards the upkeep of the fabric of the parish church of St John the Baptist, Keynsham.

The Fabric and Poor & Aged endowments were encashed in the year and the proceeds passed to St John’s.

The Bowles fund was shares received from the J Bowles charity, the income from which is paid to the St John's Wardens Account.

Page 37

The Parochial Church Council of Keynsham

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.12.24 31.12.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Planned giving 168,253 186,372
Donations 71,673 84,015
Gift aid 47,239 59,822
Legacies 13,591 18,600
Grants 27,229 400
326,985 349,209
Other trading activities
Fundraising events 10,486 15,640
Harvest lunches 150 160
Mission income 7,668 3,631
Use of church facilities - 891
18,304 20,322
Investment income
Dividends & interest 6,264 3,722
Other income
Parish hall and St John's church lettings 16,433 18,930
Other rents received (SF) 20,041 16,755
Fees 24,886 19,198
Office services and other income 1,343 5,757
Solar panel rebates (SJ) 736 695
Government grants for CJRS - -
One Community loan repayment 16,926 4,000
80,365 65,335
Total incoming resources 431,918 438,588
EXPENDITURE
Charitable activities
Wages 29,160 20,901
Light, heat and water 23,528 20,302
Carried forward 52,689 41,203

This page does not form part of the statutory financial statements

Page 38

The Parochial Church Council of Keynsham

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.24 31.12.23
£ £
Charitable activities
Brought forward 52,689 41,203
Insurance 9,016 7,580
Office equipment 6,135 4,743
Office consumables 3,726 2,265
Photocopying, postage and stationery 2,924 2,583
Sundries 7,006 18,157
Diocesan parish share 112,741 166,164
Fees 17,418 12,429
Other groups and activities 2,230 3,830
Youth & Children and Families workers expenses 643 1,464
Repairs and maintenance (including churchyard) 40,256 38,840
Repairs and maintenance – lighting project (SJ) - 44,178
Music director and organist (SJ) 18,749 16,284
Cleaning and caretaking (SJ) 15,889 13,459
Accountancy and professional fees 9,600 9,600
Clergy and ministry expenses 13,262 14,375
Caretaker costs (SF) 13,580 11,113
Organ, choir and music costs (SF and SJ) 4,568 5,357
Freehold property 23,600 23,600
Interest on loan from Diocese of Bath & Wells 5,973 1,248
Grants to institutions 8,777 6,061
368,781 444,533
Other
Endowment fund income paid to St John's
wardens 99 1,224
Total resources expended 368,880 445,757
Net income/(expenditure) before gains
and losses 63,038 (7,169)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments 1,133 3,876
Net income/(expenditure) 64,171 (3,293)

This page does not form part of the statutory financial statements

Page 39