Charlty reglstratlon no: 1129554
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Admlnlstratlve offlce:
Church Office
Church Room8
The Avenue
Combe Down
BATH
BA2 SEE
Incumbent:
Th8 Rev'd Shawn Swlnney
'Lon8dale'
81 Church Road
Combe Down
BATH
BA2 5JJ
Bankern:
National Westmln8tgr Bank plc
24-25 Stall Street
BATH
BA11QF
Independent examln•r:
Matthew Small FCA
Berkeley Hall Marshall Limited
Chartered Accountsnts
6 Charlotte Street
BATH
BA12NE

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
INDEX TO THE REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Pago no
115
PCC annual report
Independent examln8r'8 report
Statement of flnanclal actlvltl88
Balance Sheet
9115
Note8 to the flnanclal Statements

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochlal Church Councll
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates
under the P8rochial Church Council Powers Measure. The PCC 1$ 8 Ragisterad Charity and the PCC members are
tru8tee8 for the purpo908 of charty law.
The PCC ha8 the re8pon$lbility ￿ Gtroperating with the incumbent in promoting within this parish the whole mi88ion
of the Church -pastoral, evangelistic, SOCI81 and ècumanical, The PCC registered with the Charity Commission on 13
May 2009. Members of the Council 8ra either ax-officio or elected by the Annual Parochi81 Church Meeting. The
appendix to thi8 report Ilsts those who Sepied a8 member8 of the Council from January 2023. PCC meetings were
held every two months and a Standlng Commlttee of the PCC meetlng In th8 Intervenlng months. There are 3 sub
commlttea8 of the PCC to glvo greater focus; the88 are St8fflng Commltoa, Bulldlng8 Commlttoe and St8ndlng
Committee,
PCC member8 are re8pon8ible for making deci8ion8 on all matter8 of general conGern and importance to the parish,
including dacidlng on how the fund8 of the PCC are to be inv88ted and 8P8nt.
Bulldlng•
The principal building8 avallable to the Church Family are:
Holy Trlnliy Church, Church Road, Combe Down - consecrated 1835.
The Church Room8, The Avonuo (d•dl¢atad 1928) whlch18 part of a 8eparate trust, Holy Trlnity Trust,
St Andrew'8 Communlty ChurGh, Foxhlll, whlch 18 al80 part of Holy Trlnlty Trust. Th18 new Church bulldlng
wa8 completed in November 201188 the final part of th8 'Rainbow Prol8Ct'.
Foxhlll Community centre, Foxhlll, whlch18 part of the Eccle8la8tlcal charfty (part of Holy Trlnlty Tru8t) whlch
was purcha8ed at the start of 2023,
Governlng documont
The charity 18 govemed by the Paroch181 Church Councll Power8 Measure (19581 as amended (See
https:IlwYM.legislation.gov.uklukcnVEliz214-5131contents) and church representation rule8, whlch were updated in
2000 (8ee
Publlc ben8flt
The charlty ha8 due regard to the guidane8 publl8hed by the Charlty Commission on public b6nefit.
Rlsk managemont
The PCC member8 have a duty to Identty and revlew the ri8k8 to which the charriy Is exposed and to ensure
approprlate controls are in place to provide re88onable a88uranca again8t fraud and error.
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued)
Revlew of the Year
Combe Down PCC is proud to report that seNices In the Parlsh of Combe Down continue to flourish, and that new
members are joining the church. OurAnnual Statistics for Missions return to the Church of England showed our
worshipping ¢ommunity ha¥ grown from 555(2023> to 588 (2024). The u8ual sunday attendance in both Holy Trinity
Combe Down and St Andrews Community Church increa88d to 295 adult8 and 100 children in 2024. (270 Adutt8 and
82 children in 2023).
Holy Trlnlty Church
Our seNices at 9am, 10.'45am and 8pm on Sund8y8 and 11am on Thursdays are growing. Th8 addition of a full-
time Worship leader has allowed u8 to expand worship Into weekday provision and to outreach events 8uch 88
8ervice8 at our local dementla 8UPPOrt day centra.
We continue to live-stream th• Sunday 8•rviGe8 for th06e who Gannot attend in person. A 8ample of our YouTube
channel Showed services were viewed on average 169 times in February 2024 and in November 2024 the average
was 192.
8tAndrews Communlty Church (8tACC)
Th&188t year has seen continued growth at St Andrew'8. Règular attendance 18 now up at eighty a week.
Particularly pleasing is the gr0￿h in children'8 work in our Sunday group8, although thi8 of cour88 bring8
challenges to our resourc88.
The number of group8 Using both the Church and the Communlty Cantre contlnue8 to Increa88, whlch18 very
excitlng. We are grateful for the donated food from local 8tores and do 6 food collectlon8 each w8ek. Th18 helped
U8 to Serve approximately 5000 meals at st Andrew8 Toddler8, Foxhill Focu8 and Men'8 breakfa8ts in the year. We
have over 40 diff8rant regular groups, not counting all th8 Partl8& and one-off ¢our8a8, that meat in tha building8.
We were thri118d to recelve a promi88 of finan¢1818UPPOrt for Foxhill Focu8 from the local council going forward.
Holy Trlnlty Chlldren's Work
Thi8 year our Sunday congregation of children ha8 continued to grow, and we have topped 50 children under
11 year8 of age on a number of Sundays. We are partlcularty bles88d with babies and under 3,8, wlth 25 now
registered with u8.
School ministry continue8 to be strong, we regularly welcome Combe Down Prlmary School to the church, for Open
the Book teaching 8V8ry Wedn88day afternoon, as well 88 for special Christmas, Easter, Harvest and end-of-term
8eNices and concerts. Recently Mulberry Park School ha8 been 8ble to 8ttend one or two events. We were excited
that our church 8¢hool wa8 chosen 88 one location for the chU￿h of England 'Flourish' project which place8 staff into
church schools to support children'8 knowledge and experl8nc8 of Chrlstl8ntty.
The Thankful Thursday Service ts preschoolers and guardians h88 doubled in size thls year wlth 16 families being
the average attendance.
The new group for Dads and t￿￿1r children has passed the test of being wanted and needed and is beginning to grow,
taking place once a month on a Saturday morning in Holy Trinity.
Youth Work at Holy Trfnlty and St Andraws
Holy Trinity youth met regularly on Sund8y mornings and evenings. The introduction of a w6ning Servlce
allowed u8 to encourage young people to take part in both a Service and their own youth club that follows. We
continued to run youth home group sessions, and this year increased from monthly to weekty sessions in term
time.
We plan to start an after-school Club at St Andrews replacing the Foxhill Youth Group which disbanded with the
departure of the previous Youth Minister. Going forward we are looking at paylng for a detached Youth Work to be
a supportive presence on the Foxhill Estate.
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Icontlnued)
Pastoral
Our Pastoral Team is n¢)w supported by volunteer Vane$8a who is also reinvigorating the Seniors, events after our
Mid-weak seNic6. Pastoral visiting for church members who are ill or in need remains a high priority.
Teachlng
Teaching 18 a 8ignrficant part of our church life and during the year the church ran 8everal courses. 'Hope Explored,
offered an introduction to Christianity, A 'Mind of their Own, and 'Under8tanding Autism, course8 were aimed at
parent8, We also ran a Bereavement course whlch was very successful and which we will run again. All these were
open to member8 of the communlty as well a8 church member8. We ¢ontlnu8d to offer'Preachlng Matter8, to a
Bath wlde audience and made the88 re6ourc88 publicly available via our web81te. During the year our
Communications Officer began a review of the re8ource8 on our website with the aim of supporting other churche8.
This remains a work-in-progres8. Traffic to our website increased In 2024 compared to 2023 with 8n increase of 9%
In 81t8 8e881on8 (Total 24,988) and an Increa88 (150A) In the number of unlque visltor8 (Total 10,817).
Followlng the closure of our CAP debt centre we declded to explore alternatlve ro8ource3 to enable money advlce to
be offered particularly to those on Foxhill. A cour8e was identified although progress In completing and launchlng
the new 8cheme h88 been 810w.
Thonk8 to all th8 staff and volunta8r8 who 8nabl8d each cour88 and ovent to happen.
Church Evonts
Church member8 were 8UPPOrt6d though the year wlth a mlxture of 8vent8 Including four whole church lunch88
and also men only and women only events Includlng retreat time, worshlp evenings. crafting and sh8ring food
together. We ran a Newcomers Cour8e to help people whojolned our church during the year, Our new member8
of staff worked hard at supporting and developing a Young Adults group.
We al80 held our blgge8t event for the communlty agaln, Combe Down Fast, and actlon8 day8 on the Foxhlll
estste to asslst re8ldent8 a180 continued to be a welcome outreach,
Prayer
We provkle In-person and online prayer groups to support and encourage people where they are.
Online Prayer group8 remained active include..
Morning Prayer18 led by Rev. Chrf8 Absolon on Monday and FrKlay momlngs.
Mission Prayer allows our Mi88lon partners around the world to be directly Involved In our prayer8 for them.
In Person Prayer
Weekly at Holy Trlnlty the '7am Prayer Group,
Monthly at St Andrews the 7.30pm meeting
Church Membern contlnue to have 8cceg8 to the 'Emergency Prayar Chaln, at any time. Whilst new this year we
Introduced 'The Waiting Room, which offers a Space to pray for healing.
Staff Changes
We said goodbye to Youth Minister Stuart as he began Ordination Training and welcomed hls replacement Lois into
the post. Children's Minister Claire stepped down to a part time role as she also began Ordinalion Training and took
on a role with 'Flourish' see childr8n's work above. We are proud to be 8 church known for the number of people
seeking ordination. Megan joined as Media and Communlcation Officer and Aine as Worship Leader, Andres took
the intern placement. following tho departure of Zoe.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
Flnanclal revlew of the year
Total incoming resources for 2024 were £635k, compared to £736K in 2023. Thi8 18 made up of £594k unrestricted
funds and £41k restricted funds. Total expenditure for 2024 was £719k, up from £615k in 2022. This is made up of
unre8triGled oxpenditure of £616k and restricted expenditure of £103k,
The balance In the Unrestricted Funds at the and of 2024 wa8 £589k whlch Is a £13k decrease from £582k In 2023.
The Restricted Fund reserve at the end of 2024 was £54k, down from £11 Sk in 2023.
The re8eNes aro higher than planned, partly due to gain on inve8tment8 and und8r8pend in part due to vacant
positions. We have also been utili8ing the 8hort-term gr8nt8 held In restrlcted r8seNe8 at the stsrt of the year which
have enabled some activity to be funded- but the church will soon need to find some of this from our regular
glvlng. The PCC ha8 prepared foreca8t8 which demonstrate that the exce88 reserves will be utilised in the
shortlmedium term-durlng whlch we trust that we wlll continue to grow and thus be able to fund expenditure.
Reserves Pollcy
At the end of the year, the charity had unrestricted ¢aJh rgs•rv•J that repm88nted approxlmately 11 month8, worth
of unr8strict8d expenditure on it8 actlvities ba8ed on the 2024 flgur88, although unr88tricted expenditure18
expected to be higher in 2025. The PCC members consider a target of six months expenditure to be sufficlant to
avoid disruptlon to the operation of the charty in the event of a downtum In future income and have budgeted to
reduce the re88Ne8 to this level over the coming year8.
Concluslon
It ha8 been a po8ltlve year. God18 falihful and wo have entered Into a new tlme of development acr088 the dlfferent
8ervice8 and minl$try of the churches. We prAi88 God for all Hi6 provi8ion and look fo￿ard to 2026 with expactation.
Approved by the membership of the PCC o
R8v Shawn Swlnney on behalf of the PCC
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued)
Appendlx
Membershlp of tho Parochlal Church Councll
The following have 8eNed as members (Trustees) of the Councll from January 2024.
Clergy
Rev Shawn Swinney
Rev Tim Lewig
Rev Dr Chr18 Ab801on
R8v Katy Partridga
Rev Ben Notley
Malcolm Morgan
Vicar, Licen8ed September 2018
Licen8ed Septamber 2021
Licensed June 2021
Licensed July 20211eft May 2024 and r6pl8ced by
Llcensed February 2024
Co￿pted 2022
Churchwarden8:
Steve Machell
Sally Hogg
Elected 2023
Re-elected 2023
PCC Member•:
John Talbot
Christine Absolon
Rebecca Clay
Sue Dewe8
Howard Jone8
Je68ica Morr18
Keith Reynold8
Di Stubbs
Richard Meryon
Ro88 Patti8on-V*a
Robin Swithinbank
lan Bank8
Emlly Shurmer
Kate Amos
Treasurer co-opted 2013
Flrst elected 2023
Flrst elected 2020
Flrst elected 2020
Stood down 2024
Stood down 2024
Flr8t elected 2021
Stood down 2024
FlrBt elected 2020
Stood down 2024
First elect8d 2023
FSrst elected 2024
First elected 2024
Flr8t elected 2024
Deangry Synod Rep
Chair of Building8 Committee
Chalr of Stsfflng Commlttae
Deanfjry and Dkxesan Synod Rep
Chalr of Buildlnga Commlttee
PCC SeGretary', Emlty North {non-votlng ob8erver> 8tood down February 2024
Bryony Hltchcock (non-votlng ob88Ner) elected February 2024
Page 5

INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL MEMBERS OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
I report to the charrty trustees on my axamination of the accounts of the charity for the year ended 31 December
2024 which are set out on pages 7 to 15.
Responslbllltles and bas18 of report
As the charity's trustees you are r6sponslble for the preparation of the accounts in accordance with the requirements
of th? Charities Act 2011 ('the Act,).
I report In resp¢¢t of my examination of the charty's account8 carrled out under 8ection 145 of the Act and In
carrying out my examlnatlon I have followed all the applicable Directions glven by the Ch8rlty Comml88ion under
8ectlon 145(5){b) of the Act.
Indapendont oxamlnerfs 8tatsm8nt
Since the charity's gross income exceeded £250,000 your examlner must be a member of a body listed in section
145 of the Act. I confirm that l am qualified to undertake the examination be¢au8e l am a member of The Institute of
Chartered Accountant8 in England and Wale8, which 18 one of the li8ted bodie8.
I have completed my examln8tlon. I confirm that no m8terlal matter8 have come to my att6ntlon In connectlon wlth
the examlnatlon givlng me cause to belleve that in any malerial respect:
accountlng record8 were not kept in respect of the Gharlty as required by 8ection 130 of the Act,, or
the accounts do not accord with th086 r6cord8; or
the accounts do not comply wlth th8 applicable r6qulrement8 concamlng the forn and content of account8 8et
out in th8 Charltlag (Accounts and Reports) Reoulations 2008 oth8r than any requirement th8t the accounts glve
'true and falr view, whlch18 not a matter considered a8 part of an ind8p8ndent examination.
I have no concern8 and have come acro88 no other matter8 In connectlon with the examination to which attention
should be drawn In th18 report in order to enable a proper understanding of the accounts to be reached.
h4Lz
Matthew Small
FCA
Berkeley Hall M8r8hall Limited
8 Charlotte Street
Bath
BA12NE
Date: I
2Cf2%
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestrl¢tod Rostrlcted
fund8
fund8
Total
funds
2023
Not88
INCOME AND ENDOWMENT8
FROM:
Donations and legacle8
Charltable activitie8
Investments
058,716
16,444
34,635
8,665
693,361
23,099
680,019
42,559
Totsl
635 180
EXPENDITURE ON:
Charltable actlvltles
Activities relating to the
work of the church
618 232
102773
719 005
614 834
Totsl
616232
102 773
719 005
NET INCOMEIIEXPENDITURE)
121240
Transfer botween funds
Unr•all8od galn on InvMtmont•
9,208
143
9,349
17,488
NET MOVEMENT IN FUNDS
13,136 }{ 61,340) ( 74,476)
138,728
RECONCILIATION OF FUND8
Total funds brought forward
681933
115 376
697 309
558 581
Net movement In funds
( 13,136}( 61.340)( 74,476)
138,728
TOTAL FUNDS CARRIED FORWARD
668,797
64,036
622,833
897,309
The notes fonn part of these financial statements
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
BALANCE SHEET AS AT 31 DECEMBER 2024
2024
Unrestrlcted Restrlcted
funds
funds
Total
fund$
2023
Not88
FIXED ASSETS
Tangible asset8
Investments
173 012
173012
179 394
CURRENT ASSETS
Debtor8
Prepayment8
C88h at bank and In hand
20,383
8,496
13,883
38,988
8,495
463 438
10,887
5,758
526 451
610899
CURRENT LIABILITIES
Creditors: amount8 falling due wlthln
one year
10
NET CURRENT ASSETS
395 786
527 284
TOTALASSETS LESS CURRENT
LIABILITIE8
668,797
64,036
622,833
697,309
NET ASSETS
688,797
54,038
622,833
897,309
FUNDS
General purpo88 fund
RestriGted fund
568.797
64.036
581,933
115,376
12
TOTAL FUNDS
622,833
697,309
The financial statements were approved by the Parochial Church Council on
and authorised for issue on its behalf by:
and were 8lgned
Rev Shawn Swinney
The notes forni part of these financial statements
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN. BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIE8
Statutory Infomiatlon
Tha Parochlal Church Council of tha Eccleslastical Parish of Combe Down, Bath 18 a charity
registered in England and Wale8. Tho charlty's reglstered numb8r18 1129554 and its adminlstrative
office is Church Offico, Church Room8, The Avenu•, Combe Down, Bath BA2 SEE.
Accountlng conventlon
The financial Statements have been prepared In accordance with th8 Church Accountlng
Regulations 2006, th8 Charities Act 2011, the Charities SORP {FRS 102) 'Accounting and Reportlng
by Charlties., Statement of Recommended Practlce appllcable to charitles and preparfng their
accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of
Ireland (FRS 102) (effectlve 1 January 2019),. Flnancial Reporting Standard 102 'The Flnanclal
ReFX)rtlng Standard appllGable In the UK and Republlc of Ireland, and appllcable accounting
standards.
The financlal 8tatements have been prepared under the historical cost convention except for the
valuatlon of inve8tment a88et8, whlch are shown 8t fair value. Th8 flnancial statements Include all
tran88ctlon8, 888et8 and118bllltle8 for whlch the PCC is r88pon8lble by law. They do not Include the
accounts of church group8 that owe thelr maln affillatlon to another body, nor do those that ere
infomial gathering8 of church mèmber8.
Incomlng r￿Qu￿0•
All Incomlng r88ource8 are Included on the Statement of Flnanclal Activltles when tho charlty 18
18gally entltled to the income and the amount can ba quantrfi8d wtth r8a8onable accuracy.
Resources expendod
Expenditure 18 accounted for on an 8ccrual8 ba818 and has been classlfied under heading8 that
aggregat8 811 cost related to the category. Where c08t8 cannot be directly attributed to particular
heading8 they have been allocated to activitle8 on a bas18 con818tent wlth the use of re8ource8.
Tanglble flxed a8JOts
Conjecrated and beneflGe propety Is not included In the account8 In acGordance w5th sgctlon
10(2)(c) of the Charitie8 Act 2011.
Movable church fuml8hlngs held by the vlcar and churchwarden8 on 8pecial trust for the PCC and
whlch requlre a faculty for d18pos81 are inallenable property and no value 18 placed on these within
the accounts. All expenditure incurred during the year on consecrated or benefice buildings and
movable Ghurch fumishing8, whether maintenance or improvement, is written off as expenditure in
the Statement of Financial Activities and separately disclosed.
Functlonal equlpment that is used on a contlnuing basis for the worf( of the PCC 18 included in the
balance Sheet. Depreciation Is provided at the followlng annual rates in order to write off each assets
over its estimated useful life.
Computers and office equipment
Furniture and fittings
Minibus
- 20% on cost
-10-20% on cost
over 2 years
The notes fomi part of these financial statements
Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (contlnued)
Taxatlon
Tha activities of the charity fall within the exemptions 8fforded by the provi8ion8 of the Income Taxes
Act 2007. Accordingly, there18 no taxatlon charge In these flnanclal statement8.
Fund accountlng
Unrestricted fund8 can be used In accordance wlth the charltable oblectlve6 at the dlscretlon of the
PCC Member8.
Restricted funds can only be u8ed for partlcular re8trlcted purpo8e$ wllhin the object8 of the charity.
R88trlctlon8 8rlB8 when specified by the donor or when funds are ra189d for partlGular reSt￿cted
purpose8.
Further 8xplanation of the nature and purp08e of each fund 18 included In the note8 to the financial
8tatem8nt8.
Legacles
Income is recognlsed on a rec8lvable ba818 when there18 8ufficlent evldence to provlde nece88ary
certalnty that the legacy wlll be recelved and the value of the Incomlng re80urce8 can be measured
wlth 8ufflclent rellabillty.
Grants r•c•lvabl•
Grants are recognlsable upon conflrmatlon of commitment for the relevant financlal year.
Invostment
Investments are shown at thelr falr value a8 at the end of the flnanclal year. Any galn or Ios8 on the
investment is showing on tha statement of financial activitie8 under unreall8ed gainl(loss) on
investments.
Resarves
At the end of the year, the charity ha8 unre8tricted c88h re8erve8 that rèpresented approximately
eleven months of unrestricted expenditure on its aGtivitie8 and to take Into account any p088ible
repair8 required to the church. The PCC Members consider a target of at least six month8
expenditure is sufficient to avoid disruption to the operation of the charity in the event of 8 downtum
In future Incomo. The PCC hava detalled plan8 to utili88 the8• additional r880urce8.
TRUSTEES. REMUNERATION AND BENEFITS
Malcolm Morgan ha8 been employed as our minister responsible for St Andrews since September
2021. During 2022, on 13 June, Malcolm was co-opted as a trustee. Malcolm received remuneration
of £30,257 and the church also provide him with accommodation in line with standard clergy
accommodation provision. The t8rms of his remuneration are broadly in line with the standard
Church of England clergy terms. <2023 - £26,785 and accommodation 8imilary provided).
Trusteo8' expenses
Trustees, expenses paid for the year endlng 31 December 2024 £1,944 (2023 - £2,157).
The notes fomi part of these financi81 statements
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestrfcted Restricted
fund8
funds
Total
funds
2023
DONATIONS AND LEGACIES
Vicals Dlscretionary Fund
Benefice Mini8try Allowance
Planned glvlng
Collection8
Sundry donations and other Incorne
Legacies
Growth grant
CAP Centre Grant8
CAP Bath and Churche8 Togoth•r
Keyn8ham and S8￿f0rd
Fundralslng for Foxhlll Communlty
Centre
Tower Appeal
St Andrew'8
Income tax recoverable
268
7,881
430,527
2,967
29,064
461,375
2,963
8.772
434
461,375
2,953
,772
434
72,000
3,542)
7,205)
13,583
10,768
4,634
750
13,083
10,768
4,747
63,820
213
4,230
558.718
34,630
593,351
680,019
CHARITABLE ACTIVITIES
Chlldren & Famllles
St Andr6vI8
Youth
Mi88ion
Pastoral
Worship Support
1,181
30
2.184
1,703
4,952
2,884
4,982
2,164
2,913
17,671
9,130
580
8,674
6,797
6,797
16,444
6,658
23,099
42,559
INVESTMENTS
Interest and dlvidends
13,496
18,730
18,730
13,498
The notes form part of these financial statements
Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unre8trlcted R¢strlcted
funds
funds
Total
funds
2023
ACTIVITIES RELATING TO THE WORK OF THE CHURCH
The Vlcar'B D18cretlonary Fund
Parlsh 8hare
Salary c08t8
Runnlng and Admln C08t8
Children and Familias
St Andrew's
Youth
Pastoral
CAP Centre
Worship Support
Mission expense8
Foxhill communty c8ntr8
Tower repalr8
Professional and book-keeping
Independent examine18 fee
In8uranc8
200
178,990
187,577
50,548
5,690
28,491
12,542
37,126
3,278
11,948
53,341
33,764
188,266
189.606
65,732
4,726
24,871
6,347
43,566
188,266
228,359
66,546
6,494
32,475
6,347
43,556
38,763
814
1,768
7,604
19,111
66,653
5,686
13,039
3,361
1N40
924
20,035
58,653
24,670
46,964
3,351
1,440
18,985
33,926
6,551
1,440
616.232
102,773
719,006
814,834
Support CO8t8 Included within nota 8 above:
Running, admin and m18C C08t8
87,847
Other 8UPPOrt CO8t8
87,847
82,644
8,551
94,663
94,663
89,195
The notes fomi part of these financial statements
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE tK)WN, BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FIXED ASSETS
Tanglblo flxed a880ts
Computers
and offlce
oqulpmont
Totsl
Cost as at 1 January 2024
Di8posal
Co8t as at 31 December 2024
20,391
20,391
20,391
20,391
Depreciatlon a8 at 1 January 2024
Depreciation on dlsposal
Depr•¢latlon 88 at 31 December 2024
20,391
20,391
20,391
20,391
Net book value 88 at 31 December 2023
Net book value a8 at 31 December 2024
INVESTMENT8
At the end of 2024, total investments comprise of 276.01 restrlcted Income Shar68 and 2298.87
unrestricted accumulatlon 8hare8 in the CBF Church of England Inve8lment Fund and 39475.77
shar88 held in the Ca8enove Charlty Sustainable Multi A88et Fund Managed by Schroder8. At 31
Decembér 2024, in tha CBF Church of England InvoJtmènt Fund, each income 8hare wa8 valuèd at
2312.27 pence- total value £6,382 (2023- 276.018hare8 total value £6.2391 and ea¢h accumulatlon
share was valued at 6278.22 pence - tot81 value £144,282 (2023 share8 tot81 value- £137,274). The
h18torlc cost as at 31 December 2024 was £105,000 wlth £80,000 acqulred In 2020 and a further
£25,000 in 2022. At December 2024 in the Casenove Charity 8U8tainable Multi A88et Fund managed
by Schroder8 each share was valued at 72.78p, total value £28,730 (2023 - 39,475.77 8hare8 totsl
valua £28,531.67), The hi8tQriC Cost as at 31 December 2024 w08 £25,000 (purchased In 2023).
DEBTOR8
2024
2023
Grfl aid due
Other debtors
13,951
5,577
38,966
10,887
The notes fonn part of these financial ststements
Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
CREDITORS
2024
2023
Trade creditor8
Other creditor8
Accrua18 and deferred Income
46,835
11,187
3,793
7,712
67,480
15,832
11.
STAFF COST8
2024
2023
Gr088 wage8
Employels pen81on contrlbutlon8
Employeff 8 Nl
208,346
9.301
171,993
7,313
228,369
187,577
No employa8 raceived emoluments of more than £60,000 during the year.
The average number of 8mploye88 In the y8ar wa8 10 (2023 - 10).
12.
RESTRICTED FUNDS
Balance at Incomlng Re8ource8
Balance at
01.01.2024 resource8 expended Transferi 31.12.2024
and revaluatlons
Clock fund
CBF Church of England Inve8tmont
Albanla and other youth trlps
St Andrew'8
The Vicar's Dlscretlonary Fund
Bulldlng Repair Fund
CAP Bath Centre
The National Lottery Community fund - RC
South West Reglon for CAP Bath
Growth Fund
Fundraising for Foxhlll Communlty Centre
Tower Appeal
Other
801
8,239
3,072
800
3,663
10,332
920
801
6,382
3,072
600
3,663
143
10,332
920
826
60,000
11,306
826
20,433
5,904
7,825)
19,260
39,567
18,985
23,593
13,583
16,768
11,939
17,617
115,376
41,433
102,773
64,036
The notes form part of these financial statements
Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN. BATH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
RESTRICTED FUNDS {contlnued}
The CAP Bath Centre fund 18 for the purpose of supportlng the operational cost8 of running the local
Christian8 Agaln8t Povety Centre. The CAP Bath Centre was closed in the year.
The Buildlng Repair fund is for the purpose of meeting relevant building repair costs, thls was fully
utilised In the year on the Tower rapalrs.
The fundraising for Foxhill Communty Centre r8pra8ent8 donations recelved by the PCC. The Spend
represents repair worf( done.
The Growih Fund repre88nt fund8 rec6iv•d In 2023 to ba u8•d on 8P8cific roles whlch have been
recrulted,
The T¢)wer Appeal represents fund8 raised for the repair of the tOW8r 8t Holy Trinity Comba Down.
The negative funds at the year will ba covered by don2tion8 r8ceived in early 2025.
Of the above funds. £6,382 relate8 to fixed a88et inve8tment8 on the balance Sheet (part of the CBF
Church of Englands Inve8tment), the remainder of £47,654 18 included wtthin bank balances,
credltors and debtors.
13.
STATEMENT OF FINANCIAL ACTIVITIES 2023 COMPARITIVE8
Unre8trlcted Income and endowments for 2023 conslsted of £561,998 donations and legaciei,
£18,641 charltable actlvltles and £13,496 Inve8tment8. Expendlture con318ted of £558,472 charltable
actSvltle8. There wa8 also an unreali8ed galn on Inve8tment8 £18,947. The unre8tricted funds
openlng value was £529,323 and clo88d at £581,933.
Restrlcted Income and endowment8 for 2023 consl8ted of £118,021 donation8 and legaci88 and
£23,918 Gharltable actvltles, Expendlture con818ted of £56,362 charitable aGtivities. There was also
an unrea118ed galn on Investments of £541. Re8trlcted funds openlng value wa8 £29,258 and closed
at £115,378.
14.
RELATED PARTY TRANSACTIONS
Katie Machell was employed as an interlm Communlcatlon8 officer from October 2023 to March
2024 (paid £1,582 In 2024). She 18 a related party as tha 8POU8e of Steve Machell, a PCC member.
CONSECRATED OR BENEFICE BUILDING REPAIRS AND MAINTENANCE
During the year repairs and malntenance on the church totalled £51,906, the majorty related to
tower repairs.
The notes form part of these financial statements
Page 15