Holy Trinity Church, Frome
End of Year Financial Statements
31 December 2025
Indwndant examlners. report to th• momb•rn of th• Pwochlal Chur¢h CouncH of Holy Trlnlty Church, FThn• I rekK)rt on the accounts of ts chu for the year endod 31 Docerts 2025. whlch are sei ¢JJt (x) pages 2 to 11. Res118 responsibllitles of Irust8es 8r 8x8mln8r The members of the PCC. as Ihe tharfty's trustees, arn fespon8ible for the preparation ol the accnts. The charity's trustees consider that an audit 18 not requlred for this year (under sectlon 144(2) of the Charllles Aci 2011 (th6 2011 Act)) arKI that an independent examinalion Is needed. Is my responsibility to: exambne Ihe soxnts (under 88Ct5on 145 of the 2011 Act); to folkm the procedures13ld (l(y+m In ts General Dlrectlons by the Charity CornnSsIOnerS (under seckn 145(5) of 2011 Act); and to stste b4t•ether parti¢)Jlar mattars have come to my atlentlon. Basts of Independent examiners, rewt ty examinallon was carrfed out in a¢ccdance wfrlh the General Dlrections glven by th8 Charity Commissioners. An examina15on indudes a revE8w of the 8ccountiThJ rwd8 kept by the charity and 8 1))mparf80n of th8 aCcts presentod wth those rectyds. It 81so includes consideration of ary unusual iteffts or d18dosures In the actryjnts. and Ihe seeking of explanatbons from you 8S trustees (¥Cerning ary SL tters. The proc£dures undert8ken do not provide all the evldence that would be uired in an audft arxl, conwuenlly. I do rK)t exw8ss an aLKIIt oplnlon on th8 vkn given by the actounts. In c(neC1k wlth my exwnlnatlon. no ff*tter has ¢)Th to my attenllon: (1) Ich glves mo reason8bl8 cause to b8llev8 tr. In 8ny materfal respect, the requlrements: to keep &Lxxmting records in 8(xXxda $130 01 Iho 2011 Actr, and lo prepare acc(yJnts whlth acc4rd with the acc4)untStvJ re5 and to conyly vth the accounlOrNJ requIremts of the 2011 Act Iwe not b88n ( to whith, In my opinion. attention should be drawn in order to ble a proper (2) Nlg•l Harr1• 8A CTA A Accounlanl & Chartered Tax Advtser Burt Swègl Cooper Hous8 Lower Charlton Estate Shepton Mallei Somerfet 8A4 5QE 10 March 20 Holy Trinity Frome. Financial Report 2025 Pag& I 26 Jonuary 2026 Ther& moy be minor discreponci&s in lotals due to penc& not being included
FINANCIAL REVIEW
This report covers the financial and calendar year 2025, ending 31 December 2025. Overall our income was 4% higher and expenditure 12% higher than 2024. Income was higher than the budget while expenditure was 3% lower.
Total receipts on the ordinary unrestricted fund, which is only the General Fund, were £186,969 and are detailed in the Financial Statements. Total expenditure in the year from this income amounted to £182,477. The largest item was our Parish Share of £106,990 which was paid to the Diocese of Bath and Wells to enable it to provide clergy and support services. Maintenance costs were substantially higher than in 2024 with roof repairs being the biggest item while higher staff costs resulted from having the Office open 5 days a week. Increased spend on equipment included new heating controls which were funded by a donation. The net result for the General Fund was a small surplus of £4,492.
Designated Funds total receipts were £21,842 and expenditure was £21,543 resulting in a year’s surplus of £298. These figures cover designated Funds held by Holy Trinity for the Hall, Social Care and Toddlers. Hall receipts were 9% higher than last year and expenditure 10% lower resulting in a surplus of £584. Toddlers also had a surplus of £543 as a result of no longer paying rent for use of the hall. Instead the surplus funds at year end have been transferred to the Children & Youth fund. A grant was paid from Social Care funds resulting in a deficit of £828.
Restricted Funds (Children & Youth, Debt Centre, The Bridge, Hardship, Fabric, Redevelopment and Homes for Homeless) had an income of £90,542 and an expenditure of £75,542. The Children and Youth Fund had a deficit of £6,917 for the year compared with a surplus in 2024. This was a result of of full year costs for the Head of Children & Youth versus only 4 months in 2024. The Debt Centre Fund had a surplus of £6,196 in 2025 with another year of the National Lottery Community Fund grant (£14,823). As mentioned in last year’s Financial Review, the Redevelopment Fund received a substantial gift which was used to make the 2025 loan repayment early in 2024. In 2025, another gift was made and used to pay the final loan repayment, due 2026, over a year early and the Redevelopment fund is now closed. The Bridge had a surplus of £1,655 reflecting increased donations and also rent from more use of the space. The Hardship Fund gave grants of £1,000 in 2025 which were exceeded by income of £148 mainly from gifts through the year. As a result, the collections at Christmas services were split between Fair Frome and Homes for Homeless. The latter is a new fund which has been used to record donations through the year – the balance will be transferred to Hope Housing Frome when established. In 2025, remaining funds in the Young Adults Ministry (YAM) Fund (held by Holy Trinity to support the work of Andrew and Elizabeth Alden on behalf of the Deanery in Frome and surrounding villages) were transferred to Frome Deanery bank account and the fund closed.
The PCC has continued its long-standing policy of giving 10% of general income (tithes) to mission in the UK and overseas. Total Charitable giving in 2025 was £15,411, with details given at the end of this report, slightly above 10% of the total giving to the General Fund of £149,143. Note that collections for other charities, such as the Poppy Appeal in November and The Childrens Society at Christingle services are treated as agency collections and not included in our income and expenditure.
The Fabric Fund has a negative balance of £3,378, this negative balance is slowly being reduced as income is received from an endowment allocated only to Fabric, through 2025 this income amounted to £816. Maintenance spend is paid from the General or Hall Funds as appropriate
Charitable Status
Holy Trinity Church is registered with the Charity Commission as The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Frome. Registered number 1129366.
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 2 There may be minor discrepancies in totals due to pence not being included
Reserves Policy
It is PCC policy to maintain a balance on unrestricted funds which covers three months of Parish Share payments to cover cash flow problems near the year end and to cope with unforeseen situations. Some funds are invested in CBF deposit funds. These accounts show that the Church finances continue to comply with this policy.
Outlook and Budget
Despite some increase, the current level of income will not cover forecast costs for the Children and Youth Fund with a deficit of £12,000 forecast for 2026. The costs include provision for an intern from SWYM to help with youth work. While the fund currently has a robust balance which will cover activities beyond the next year, this will not be sustainable in the long term without additional income. A small surplus is forecast for the Toddlers Fund (£600) which will be transferred to the Children & Youth Fund at the end of the year.
While The Bridge had a surplus in 2025, the PCC has agreed to employ a Head of Community Engagement on a part-time basis to take over running of the Bridge and seek to expand into other areas of engagement with and outreach to the community in our area. The increased costs are included in The Bridge and Social Care funds which are forecast to be £14,500 higher than income for 2026. This shortfall can be met by these funds for a year with additional income needed to be sustainable into 2027.
The Debt Centre will benefit from a third and final year of National Lottery Community Fund grants in 2026 with a forecast surplus of £2,724. The Hall and Hardship Funds are all forecast to be balanced in 2026 with income matching spend.
Our Parish Share for 2025 was 2.4% lower than 2024 as part of a new method of calculation agreed in 2024 which reduces our share over a 5 year transition period with a further reduction of 1.5% to £105,400 in 2026. While this represents 55% of the budget spend from the General Fund, inflationary increases in other areas result in a 5% increase in forecast spend. This is offset by increased giving and the unrestricted General fund is expected to be balanced in 2026. Our reserves in the General Fund, £58,490, can be used to cover shortfalls in other funds when needed. Indeed, it is worth noting that while we have a number of separate funds, because some people like their donations to go to specific causes, donations to the General Fund can and will be used to fund any activity or area of work with insufficient funds. So if you want to support the church and have no specific preferences, please direct your donations to the General Fund.
Finally, I would like to thank all of you who support Holy Trinity through your donations, whether by standing order, the envelope scheme, cash collections, contactless or the Parish Giving Scheme (PGS) which we introduced in late 2025. Regular donations are particularly useful as they allow us to plan and make decisions about future activity. If you do give regularly or would like to start, please do consider using PGS. It is easy to set up and manage and where appropriate gift aid is reclaimed every month. You have the option to allow your gift to increase with inflation each year but you retain full control to change that. It has no cost for Holy Trinity and actually saves us time and costs from bank charges. Please ask if you have any questions.
26[th] March 2026
Alastair Marshall Treasurer, HTC
On Behalf of the Parochial Church Council
Approved at PCC meeting held 25[th] March 2026, with the Independent Examiner’s report dated 10[th] March 2026 being provided with no findings.
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 3 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome
Statement of Financial Activities
For the period from 01 January 2025 to 31 December 2025
| Unrestricted funds |
Designated Restricted Endowment Total funds funds funds funds |
Designated Restricted Endowment Total funds funds funds funds |
Designated Restricted Endowment Total funds funds funds funds |
Designated Restricted Endowment Total funds funds funds funds |
Prior year total funds |
||
|---|---|---|---|---|---|---|---|
| Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities Other incoming resources |
182,410 301 1,687 2,570 - |
2,040 19,802 - - - |
57,082 16,980 1,657 - 14,823 |
- - - - - |
241,533 37,082 3,344 2,570 14,823 |
230,969 37,317 2,582 1,489 14,423 286,781 - 1,634 7,272 240,702 700 250,308 36,473 11,299 (11,299) 696 37,169 113,426 150,594 54,123 (4,127) 8,373 61 43,732 19,747 (4,194) 1,367 - (10,417) 10,179 256 31,495 |
|
| Total income Resources used Costs of generating funds Costs of generating voluntary income Fundraising trading: cost of goods sold and other costs Charitable activities Governance costs |
186,969 - - - 179,767 2,710 |
21,842 50 - - 21,493 - |
90,542 - 249 7,286 67,866 141 |
- - - - - - |
299,352 50 249 7,286 269,126 2,851 |
||
| Total expenditure | 182,477 | 21,543 | 75,542 | - | 279,562 | ||
| Net income / (expenditure) resources before transfer | 4,492 | 298 | 15,000 | - | 19,790 | ||
| Transfers: Gross transfers between funds - in Gross transfers between funds - out Gains/losses on investment assets |
8,992 (7,954) - |
219 (822) - |
11,750 (12,186) - |
- - (1,508) |
20,962 (20,962) (1,508) |
||
| Net movement in funds Reconciliation of funds |
5,530 | (305) | 14,565 | (1,508) | 18,283 | ||
| Total funds brought forward | 54,123 | 4,307 | 60,669 | 31,495 | 150,594 | ||
| Total funds carried forward | 59,653 | 4,002 | 75,234 | 29,988 | 168,877 | ||
| Represented by Unrestricted General fund Designated Church Hall Revenue Fund Social Care Toddlers Fund Restricted Children & Youth Worker Fund Debt Counselling Fabric Fund Hardship Homes For Homeless Redevelopment Fund The Bridge Young Adult Ministry REST Endowment Investments |
59.653 - - - - - - - - - - - - |
- (3,543) 7,545 - - - - - - - - - - |
- - - - 37,417 25,944 (3,378) 1,516 1,902 - 11,834 - - |
- - - - - - - - - - - - 29,988 |
59,653 (3,543) 7,545 - 37,417 25,944 (3,378) 1,516 1,902 - 11,834 - 29,988 |
Holy Trinity Frome, Financial Report 2025 Page 4 26 January 2026 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome Balance Sheet (Summary)
As at 31 December 2025
As at 31/12/2025 As at 31/12/2024 £ £
| Fixed assets Tangible Assets Investments Current assets Debtors Investments Cash At Bank And In Hand Liabilities Creditors: Amounts Falling Due In One Year Net current assets less current liabilities Total assets less current liabilities Liabilities Creditors: Amounts falling due after more than one year Total net assets less liabilities Represented by Unrestricted Unrestricted - General Funds Designated Designated - Church Hall Revenue Fund Designated - Social Care Designated - Toddlers Fund Restricted Restricted - Children & Youth Worker Fund Restricted - Debt Counselling Restricted - Fabric Fund Restricted - Hardship Restricted - Homes For Homeless Restricted - Redevelopment Fund Restricted - The Bridge Restricted - Young Adult Ministry REST Endowment Endowment - Investments Fund Totals |
681 801 29,988 31,495 |
|---|---|
| 30,668 32,296 5,801 2,076 81,781 15,215 65,993 120,507 |
|
| 153,576 137,799 15,367 9,500 |
|
| 15,367 9,500 |
|
| 138,208 128,299 |
|
| 168,877 160,594 |
|
| - 10,000 - 10,000 |
|
| 168,877 150,594 |
|
| 59,653 54,123 (3,543) (4,127) 7,545 8,373 - 61 37,417 43,732 25,944 19,747 (3,378) (4,194) 1,516 1,367 1,902 - - (10,417) 11,834 10,179 - 256 29,988 31,495 |
|
| 168,877 150,594 |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 5 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome
Statement of Assets and Liabilities (by code)
As at 31 December 2025
| Fixed Asset - Investments A1005: Investments Total Fixed Asset - Tangible Assets A1003: Office Total Current Asset - Cash At Bank And In Hand B3040: The Bridge Current Account B3041: The Bridge Cash C3011: Children & Youth Current Account D3050: Redevelopment Current Account G3010: General Current Account H3020: Hall Current Account Total Current Asset - Debtors Z05: Accounts Receivable Total Current Asset - Investments F3060: Fabric CBF Deposit G3011: General CBF Deposit Total Liability - Agency Accounts 6699: Agency collections Total Liability - Creditors: Amounts falling due after m ZZZ11: Loan Total Liability - Creditors: Amounts Falling Due In 1 yr Z04: Accounts Payable Total Net total assets |
Unrestricted Designated Restricted This Year Last year - - 29,988 29,988 31,495 |
|---|---|
| - - - 29,988 29,988 31,495 |
|
| 681 - - - 681 801 |
|
| 681 - - - 681 801 |
|
| - - 6,206 - 6,206 5,615 - - 611 - 611 372 - - 8,368 - 8,368 43,670 - - 3,750 - 3,750 1,615 4,632 (9,956) 32,064 - 26,739 60,531 4,258 15,145 916 - 20,319 8,705 |
|
| 8,890 5,189 51,914 - 65,993 120,507 |
|
| 5,158 - 643 - 5,801 2,076 |
|
| 5,158 - 643 - 5,801 2,076 |
|
| - - 31,426 - 31,426 1,024 50,355 - - - 50,355 14,191 |
|
| 50,355 - 31,426 - 81,781 15,215 |
|
| - - 643 - 643 - |
|
| - - 643 - 643 - |
|
| ore than 1 yr - - - - - 10,000 |
|
| - - - - - 10000 |
|
5,431 1,187 8,106 - 14,724 9,500 |
|
| 5,431 1,187 8,106 - 14,724 9,500 |
|
| 59,653 4,002 75,234 29,988 168,877 150,594 |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 6 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome
Fund movement by type Selected period: 01 January 2024 to 31 December 2024
| Fund and type Fund balances brought forward |
Incoming Outgoing Transfers Resources Resources |
Gains and Journal Fund balances Losses Entries carried forward |
|
|---|---|---|---|
| Unrestricted General - General fund 54,123 |
186,969 182,477 1,038 |
- - 59,653 - - 59,653 - - 7,545 - - (3,543) - - - - - 4,002 - - 25,944 - - 1,516 - - 1,902 - - - - - (3,378) - - 11,834 - - - - - 37,417 - - 75,234 (1,508) - 29,988 (1,508) - 29,988 (1,508) - 168,877 |
|
| Sub-totals 54,123 |
186,969 120,477 1,038 |
||
| Designated SocCare - Social Care 8,373 Hall - Church Hall Revenue Fund (4,127) Toddlers - Toddlers Fund 61 |
673 1,500 - 19,802 19,218 - 1,368 825 (603) |
||
| Sub-totals 4,307 |
21,842 21,543 (603) |
||
| Restricted DEBTCOUN - Debt Counselling 19,747 Hardship - Hardship 1,367 Homes - Homes For Homeless - YAM-REST - Young Adult Ministry 256 Fabric - Fabric Fund (4,194) Bridge - The Bridge 10,179 Redevelop - Redevelopment Fund (10,417) C&youth - Children & Youth Fund 43,732 |
27,088 20,892 - 1,148 1,000 - 1,902 - - - 256 - 816 - - 19,876 18,221 - 11,705 249 (1,038) 28,007 34,924 603 |
||
| 75,234 60,669 |
90,542 75,542 (435) |
||
| Endowment Coif - Investments 31,495 |
- - - |
||
| Sub-totals 31,495 |
- - - |
||
| Totals 150,594 |
297,822 278,032 - |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 7 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome
Analysis of income and expenditure
Selected period: 01 January 2024 to 31 December 2024
| Incoming resources Incoming resources from generated funds D0020 - Sum Up Payments from Digi plate D0021 - Church Card machine D0030 - Change D0031 - Donations D0032 - Grants & Legacies D0040 - Sundry D0041 - Events D0044 - Toddlers D0045 - EcoChurch income P0010 - Standing Orders P0011 - Envelopes P0012 - Parish Giving Scheme Donations P0019 - PGS Gift Aid Refund P0020 - Inland Revenue Refund P0021 – VAT Listed Places of Worship Scheme P0026 - Collection for gift B003 - TEN Kitchen B0060 - Photocopying B0061 - Windows B0062 - Catering B0067 - Rent B0068 - Bridge Sales H0070 - Hall Hire C0050 - Current Interest I0051 - 1/2T Int I0052 - 3T Int Incoming resources from generated funds Totals Incoming resources from charitable activities F0080 - Fees Incoming resources from charitable activities Totals Other incoming resources D0001 - National Lottery Community Fund Other incoming resources Totals Incoming resources Grand totals |
Total Unrestricted Designated Restricted This year Last year |
Total Unrestricted Designated Restricted This year Last year |
Total Unrestricted Designated Restricted This year Last year |
|
|---|---|---|---|---|
| - - 3,418 18 12,330 68 9,274 - 814 - - - 153 - - 1,282 36 - 113,116 300 4,080 - 6,925 - 1,724 - 27,394 373 1,530 - 1,616 - - - 48 - 183 - 20 - 50 - - - - 19,802 1,687 - - - - - |
- - 2,996 6,431 342 12,740 20,869 30,142 - 814 157 157 441 594 - 1,282 - 36 23,574 136,990 - 4,080 2,005 8,930 496 2,220 6,203 33,969 - 1,530 - 1,616 - - - 48 - 183 - 20 1,095 1,145 15,885 15,885 - 19,802 776 2,464 138 138 742 742 |
711 2,544 10,070 53,738 7,500 33 1,866 886 - 114,483 4,758 - - 34,381 - - 2,670 23 - 39 2,181 14,824 17,580 1,725 135 723 |
||
184,399 21,842 2,570 - |
75,719 281,959 - 2,570 |
270,869 1,489 |
||
| 2,570 - - - |
- 2,570 14,823 14,823 |
1,489 14,423 |
||
| - - |
14,823 14,823 |
14,423 |
||
| 186,969 21,842 |
90,542 299,352 |
286,781 |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 8 There may be minor discrepancies in totals due to pence not being included
Holy Trinity Church, Frome
Statement of Assets and Liabilities (by code)
As at 31 December 2025
| Unrestricted Designated Restricted This Year Last year Resources used Costs of generating funds A1011 - Fund Raising Expenses - - - - 205 INT - Interest Paid - - 249 249 1,428 B1062 - Bridge Purchases - - 7,286 7,286 7,272 H0071 - Hall Deposit Return - 50 - 50 - Costs of generating funds Totals - 50 7,535 7,585 8,905 Charitable activities B1067 - Rent - 90 5,280 5,370 7,525 B1068 - Rates & water Rates 336 504 337 1,177 1,116 C1010 - Church Overseas 10,750 - - 10,750 13,000 C1011 - Relief & Development Agencies 2,840 - - 2,840 600 C1020 - Home Missions 1,500 - - 1,500 3,591 C1021 - Seculiar Charities 201 - - 201 177 D1050 - Parish Share 106,990 - - 106,990 109,662 E1040 - Outreach 583 1,500 2,375 4,458 7,384 E1041 - Discipleship - - - - 100 E1043 - Fees 55 - 3,600 3,655 3,600 E1044 - Office Costs - - 324 324 355 H1060 - Cleaner 4,001 6,167 2,300 12,248 12,692 R1090 - Insurance 1,365 910 - 2,275 2,164 R1091 - Cleaning 1,050 - - 1,050 1,555 R1092 - Administrator 12,018 3,984 - 16,001 9,880 R1093 - Maintenance 12,293 2,163 206 14,662 6,253 R1094 - Stationery 770 - - 770 584 R1095 - Telephone 1,071 - 680 1,751 1,567 R1096 - Equipment 2,571 13 430 3,013 1,397 R1097 - Sundries 469 92 1,233 1,793 849 R1099 - Catering 1,040 529 86 1,655 398 R1100 - Operations and management 3,060 - - 3,060 2,446 S1080 - Music 137 - - 137 - S1081 - Heat & Light 6,368 4,261 1,156 11,785 15,303 S1082 - Books 1,401 - 393 1,794 299 S1083 - Services 1,406 - 127 1,533 1,170 S1084 - Events 310 - 499 809 1,344 S1086 - Bank Charges 306 - - 306 410 S1087 - EcoChurch Expenditure 295 - - 295 - Y1001 - Fabric 900 - - 900 - Y1069 - NEST for employees - - 2,480 2,480 - Y1070 - Wages 175 1,100 45,672 46,848 28,677 Y1071 - Expenses 3,589 180 629 4,398 6,463 Y1072 - Gift from collection 1,797 - 60 1,858 - Z99999 - Depreciation 120 - - 120 141 Charitable activities Totals 179,767 21,493 67,866 269,126 240,702 Governance costs A1017 - Tech Upgrade 1,303 - - 1,303 371 E1042 - Training and Development 1,406 - 141 1,547 329 Governance costs Totals 2,710 - 141 2,851 700 Resources used Grand totals 182,477 21,543 75,542 279,562 250,308 |
Unrestricted Designated Restricted This Year Last year Resources used Costs of generating funds A1011 - Fund Raising Expenses - - - - 205 INT - Interest Paid - - 249 249 1,428 B1062 - Bridge Purchases - - 7,286 7,286 7,272 H0071 - Hall Deposit Return - 50 - 50 - Costs of generating funds Totals - 50 7,535 7,585 8,905 Charitable activities B1067 - Rent - 90 5,280 5,370 7,525 B1068 - Rates & water Rates 336 504 337 1,177 1,116 C1010 - Church Overseas 10,750 - - 10,750 13,000 C1011 - Relief & Development Agencies 2,840 - - 2,840 600 C1020 - Home Missions 1,500 - - 1,500 3,591 C1021 - Seculiar Charities 201 - - 201 177 D1050 - Parish Share 106,990 - - 106,990 109,662 E1040 - Outreach 583 1,500 2,375 4,458 7,384 E1041 - Discipleship - - - - 100 E1043 - Fees 55 - 3,600 3,655 3,600 E1044 - Office Costs - - 324 324 355 H1060 - Cleaner 4,001 6,167 2,300 12,248 12,692 R1090 - Insurance 1,365 910 - 2,275 2,164 R1091 - Cleaning 1,050 - - 1,050 1,555 R1092 - Administrator 12,018 3,984 - 16,001 9,880 R1093 - Maintenance 12,293 2,163 206 14,662 6,253 R1094 - Stationery 770 - - 770 584 R1095 - Telephone 1,071 - 680 1,751 1,567 R1096 - Equipment 2,571 13 430 3,013 1,397 R1097 - Sundries 469 92 1,233 1,793 849 R1099 - Catering 1,040 529 86 1,655 398 R1100 - Operations and management 3,060 - - 3,060 2,446 S1080 - Music 137 - - 137 - S1081 - Heat & Light 6,368 4,261 1,156 11,785 15,303 S1082 - Books 1,401 - 393 1,794 299 S1083 - Services 1,406 - 127 1,533 1,170 S1084 - Events 310 - 499 809 1,344 S1086 - Bank Charges 306 - - 306 410 S1087 - EcoChurch Expenditure 295 - - 295 - Y1001 - Fabric 900 - - 900 - Y1069 - NEST for employees - - 2,480 2,480 - Y1070 - Wages 175 1,100 45,672 46,848 28,677 Y1071 - Expenses 3,589 180 629 4,398 6,463 Y1072 - Gift from collection 1,797 - 60 1,858 - Z99999 - Depreciation 120 - - 120 141 Charitable activities Totals 179,767 21,493 67,866 269,126 240,702 Governance costs A1017 - Tech Upgrade 1,303 - - 1,303 371 E1042 - Training and Development 1,406 - 141 1,547 329 Governance costs Totals 2,710 - 141 2,851 700 Resources used Grand totals 182,477 21,543 75,542 279,562 250,308 |
Unrestricted Designated Restricted This Year Last year Resources used Costs of generating funds A1011 - Fund Raising Expenses - - - - 205 INT - Interest Paid - - 249 249 1,428 B1062 - Bridge Purchases - - 7,286 7,286 7,272 H0071 - Hall Deposit Return - 50 - 50 - Costs of generating funds Totals - 50 7,535 7,585 8,905 Charitable activities B1067 - Rent - 90 5,280 5,370 7,525 B1068 - Rates & water Rates 336 504 337 1,177 1,116 C1010 - Church Overseas 10,750 - - 10,750 13,000 C1011 - Relief & Development Agencies 2,840 - - 2,840 600 C1020 - Home Missions 1,500 - - 1,500 3,591 C1021 - Seculiar Charities 201 - - 201 177 D1050 - Parish Share 106,990 - - 106,990 109,662 E1040 - Outreach 583 1,500 2,375 4,458 7,384 E1041 - Discipleship - - - - 100 E1043 - Fees 55 - 3,600 3,655 3,600 E1044 - Office Costs - - 324 324 355 H1060 - Cleaner 4,001 6,167 2,300 12,248 12,692 R1090 - Insurance 1,365 910 - 2,275 2,164 R1091 - Cleaning 1,050 - - 1,050 1,555 R1092 - Administrator 12,018 3,984 - 16,001 9,880 R1093 - Maintenance 12,293 2,163 206 14,662 6,253 R1094 - Stationery 770 - - 770 584 R1095 - Telephone 1,071 - 680 1,751 1,567 R1096 - Equipment 2,571 13 430 3,013 1,397 R1097 - Sundries 469 92 1,233 1,793 849 R1099 - Catering 1,040 529 86 1,655 398 R1100 - Operations and management 3,060 - - 3,060 2,446 S1080 - Music 137 - - 137 - S1081 - Heat & Light 6,368 4,261 1,156 11,785 15,303 S1082 - Books 1,401 - 393 1,794 299 S1083 - Services 1,406 - 127 1,533 1,170 S1084 - Events 310 - 499 809 1,344 S1086 - Bank Charges 306 - - 306 410 S1087 - EcoChurch Expenditure 295 - - 295 - Y1001 - Fabric 900 - - 900 - Y1069 - NEST for employees - - 2,480 2,480 - Y1070 - Wages 175 1,100 45,672 46,848 28,677 Y1071 - Expenses 3,589 180 629 4,398 6,463 Y1072 - Gift from collection 1,797 - 60 1,858 - Z99999 - Depreciation 120 - - 120 141 Charitable activities Totals 179,767 21,493 67,866 269,126 240,702 Governance costs A1017 - Tech Upgrade 1,303 - - 1,303 371 E1042 - Training and Development 1,406 - 141 1,547 329 Governance costs Totals 2,710 - 141 2,851 700 Resources used Grand totals 182,477 21,543 75,542 279,562 250,308 |
|---|---|---|
| 179,767 21,493 67,866 269,126 240,702 1,303 - - 1,303 371 1,406 - 141 1,547 329 2,710 - 141 2,851 700 |
||
| 182,477 21,543 75,542 279,562 250,308 |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 9 There may be minor discrepancies in totals due to pence not being included
Notes to the financial statements
For the year ended 31 December 2025
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2015 SOFA.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Designated funds have been set up for the designated object as indicated by their title, these funds will be disbursed only for that object purpose.
Unrestricted funds are general funds which can be used for PCC ordinary purposes.
Incoming resources
Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Note that the grant for the Debt Centre for 1H 2026 was received in December and will be recognized in 2026. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Resources expended
Grants and donations are accounted for when paid over or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognized when it is incurred and is accounted for gross.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with s.96(2) (a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, (the Terrier) which can be inspected (at any reasonable time). For anything acquired prior to 2004 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Furthermore, all matters pertaining to the Redevelopment Works are not valued in the financial statements and are not considered as assets to be depreciated or replaced.
Equipment used within the church premises is depreciated on a reducing balance basis, at 15% for furniture and fixtures, and 15% for office equipment. Individual items of £500 or less are written off when the asset is acquired, and are hence not registered, assets that are considered to have exceeded a reasonable life expectancy are written off at that time.
Investments are valued at market value 31 December 2025
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 10 There may be minor discrepancies in totals due to pence not being included
| 2 CHARITABLE DONATIONS FEBA – B&M Adams Rapid Response Radio C&N Moreton Bitola, Macedonia, Church twinning TEN Bitola Kitchen appeal Friends of Marsabit West Smethwick Church Fair Frome(2025 includes £1,500 donation intended for 2024) Wycliffe Christian aid YMCA FACT Windsor Hill Wood Community Mission Bursary Friends of Somerset Churches A Rocha eco church & Climate Stewards Green Pastures Children’s Hospice SW The Children’s Society (Christingle) Royal British Legion (Poppy Appeal) 3 FIXED ASSET (a) Tangible Original cost Disposal Additions at cost At 31st December Depreciation at 1st Jan Withdrawn on disposal Charge for the year Depreciation at 31st December Current value, year end (b) Investments Market value at 1st January Purchases Disposals Revaluation At 31st December |
2025 £ 2,000 2,000 2,000 2,000 2,000 2,500 750 340 250 500 500 50 220 200 50 52 |
2024 £ 2,500 2,000 2,000 3,500 2,000 2,000 1,000 500 1,000 250 50 100 291 177 17,368 47,245 13,229 --- |
|---|---|---|
| 15,411 47,245 13,229 --- 34,016 33,215 - 120 33,335 681 31,495 -1,508 29,988 |
||
| 34,016 | ||
| 46,303 13,229 141 |
||
| 33,215 | ||
| 801 | ||
| 30,799 695 |
||
| 31,495 |
Holy Trinity Frome, Financial Report 2025 26 January 2026
Page 11 There may be minor discrepancies in totals due to pence not being included