REGISTERED CHARITY NUMBER: 1130891
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report and Unaudited Financial Statements 31st December 2025
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Annual Report and Financial Statements
Year ended 31st December 2025
| Page | |
|---|---|
| Trustees' annual report | 3 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
2
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report
Year ended 31st December 2025
ADMINISTRATIVE INFORMATION
St Peter & St Paul Church, Shepton Mallet is situated in Somerset and is part of the Diocese of Bath and Wells within the Church of England. The correspondence address is Peter Street Rooms, Peter Street, Shepton Mallet, Somerset, BA4 5BL.
The Parochial Church Council (PCC) is a Registered Charity (Number 1130891).
PCC members (trustees) who served during the period were as follows:
Rector Revd Jonathan Hunter Dunn Churchwardens Nick Bennett, Vaughan Ives Lay Chairperson David Crisfield Treasurer Andy Paull Secretary Robert Goodhand Deanery Synod Suzi Mackenzie Elected Members Ros Baldwin, Stephen Jarrett, Cliff Brown, Steve Bruce-Jones, John Knight, Rosie Sandquest
Independent Examiner Peter Mullee (ACCA)
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Objectives and activities
Shepton Mallet PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Peter & St Paul's Church and associated property.
Church Attendance
There were 93 parishioners on the Church Electoral Role (May 2025). Declared Church membership as of December 2025 was 120. Average, in-church, Sunday attendance was 85 adults and there was an average of 13 connections listening on-line during the same period.
We conducted 1 Baptisms, 5 in Church Funeral Services and no Wedding ceremonies.
3
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report (continued)
Year ended 31st December 2025
RECTOR'S REVIEW OF THE YEAR
This year has witnessed remarkable growth in Christ-like love throughout our church community, demonstrated through our commitment to Learning from God's Word and Living as Jesus' followers.
Learning from God's Word
Our focused sermon series approach proved highly effective in 2025. We began with Luke chapters 12-13, followed by Hebrews 4- 7. Recognizing Hebrews' connection to Exodus, we undertook an ambitious study of the entire book of Exodus after Easter, which powerfully reminded us of God's rescue and mercy. Our summer "Vision Re-Loaded" series covered Learning from Jesus, Living for Jesus, and Loving like Jesus, followed by "Before You Open Your Bible," encouraging reflection on our attitudes toward Scripture. The generous gift of new pew and lectern Bibles emphasized God's Word's centrality to our faith and flourishing.
September featured charity representatives: Janet Papworth (Tearfund), Noel Richards (Christians Against Poverty), and Edward Zerata (Wycliffe Bible Translators), broadening our perspective on global needs. We concluded Exodus before Advent, using "Small Wonder" materials from The London Institute for Contemporary Christianity.
Thanks to Jasmine Hnatkova's wonderful design, we produced church Christmas cards delivered to every home in Shepton Mallet. Across the Benefice, nearly 1,000 people attended our Christmas services—a fantastic conclusion to the year.
Living as Jesus' Followers
2025 proved exceptional for growth. Sunday morning attendance rose from approximately 80 to 100 people weekly. We welcomed newcomers seeking church, returning to childhood faith, or exploring Christianity for the first time.
A dedicated team developed "Supporting Growth," outlining Wise Welcome, Purposeful Pathways, and Meaningful Ministries. This framework was shared with the PCC and will be presented during Lent Talks 2026.
Our Benefice Weekend Away featured Revd Mike Cain, who shared his miraculous cancer journey and spoke powerfully about being "jars of clay."
Children's and youth ministries continue thriving through dedicated volunteers, including Sunday groups and midweek Youth Bible Fellowship. Our evangelistic program included Start Course, The Bible Course, Christianity Explored, and Discipleship Explored, fostering faith growth and community connection.
School ministry flourishes across St. Paul's Junior, Shepton Mallet Community Infants, and Bowlish Primary schools. Open the Book teams are recognized throughout town, creating valuable witness opportunities.
Growing in Love
By God's grace, these activities have cultivated Christ-like love increasingly evident on Sundays and in our community relationships. We pray for continued growth in Jesus' love, so others might say of us, "See how they love one another." Deep gratitude extends to all serving out of love for Jesus in the Shepton Mallet Benefice.
4
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report (continued)
Year ended 31st December 2025
FINANCE REPORT
Income
Our total income for the year was £199,395 representing an increase of 24% on 2024. Our General income increased by 17% or £24,678. Restricted funds benefitted from a total of £30,435, which was to fund our Discipleship lead role and Winter heating funds. Planned Giving, Cash Collections and Ad Hoc Donations to the General fund were 6% higher. Fundraising income more than doubled and the recurrence of the Parish Weekend also contributed to this strong income growth.
Expenditure
Our total expenditure of £173,841 represents a decrease of 0.5% on last year. In the General fund increases to building maintenance expenses and the costs of running the Parish Weekend drove the £13,746 or 10% increase whilst their was a decrease due to the expenditure on the clock in 2024 which di not recur in 2025.
Fund values
In addition to the income and expenditure movements outlined above the value of the PCC’s investments grew by £2,964 over the year.
Overall the value of the General fund increased by £30,308 to £89,939 driven by income in excess of expenditure of £13,900 and the transfer of the AV equipment fixed asset from its restricted fund. The PCC’s total funds increased by £28,518 to £228,981 due to income in excess of expenditure in both the General and Discipleship Funds. In total £204,894 is available as cash and investments. £90,155 of that being unrestricted.
Reserves
The PCC is required to formulate and disclose its policy on “reserves”, i.e. the level of funds which are freely available at any time. The PCC has adopted a policy to maintain reserves of £42,500 which is based upon 3 months of average projected general expenditure to cover variability in the timing of outgoings and a £5,000 lump sum to cover unforeseen short term building maintenance needs. The PCC defines reserves as the total value of its unrestricted funds less Tangible fixed assets being £90,155 as at 31 Dec 2025
Comments
The overall growth in 2025 particularly that of the General fund was very encouraging and it was especially pleasing to see a growth in giving. However, costs continue to rise especially in utilities and building maintenance and the PCC wants to continue to fund current activities and to do more wherever possible.
The movement of PCC savings assets into an alternative account has again delivered strong interest returns 35% ahead of 2024. We will continue to seek to grow our income both through activities, donations and through fundraising events.
5
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Independent Examiner's Report to the Trustees
Year ended 31st December 2025
I report to the trustees on my examination of the financial statements of Parochial Church Council of St. Peter & St. Paul, Shepton Mallet ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
Independent examiner's statement
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
PETER MULLEE (ACCA) Date 17th April 2026 Independent Examiner Talbot Barn, Patterdown Farm, Patterdown, Chippenham, SN15 2NP
6
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Statement of Financial Activities
Year ended 31st December 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| Note | General | Designated | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | Funds | |||
| Income | £ | £ | £ | £ | £ | ||
| Donations & Legacies | 4 | 139,595 | 0 | 9,398 | 148,994 | 128,810 | |
| Charitable Activities | 5 | 10,419 | 0 | 21,034 | 31,453 | 22,718 | |
| Trading Activities | 6 | 7,919 | 0 | 3 | 7,922 | 1,394 | |
| Investment Income/Interest | 7 | 8,088 | 0 | 0 | 8,088 | 5,977 | |
| Other Income | 8 | 2,939 | 0 | 0 | 2,939 | 1,342 | |
| Total Income | 168,960 | 0 | 30,435 | 199,395 | 160,241 | ||
| Expenditure | |||||||
| Expenditure on fundraising | 360 | 0 | 0 | 360 | 0 | ||
| Expenditure on Charitable Activities | 9 | 132,892 | 0 | 17,313 | 150,205 | 164,909 | |
| Other Expenditure | 10 | 21,807 | 0 | 1,469 | 23,276 | 9,791 | |
| Total Expenditure | 155,059 | 0 | 18,782 | 173,841 | 174,700 | ||
| Net Income/(Expenditure) | 13,900 | 0 | 11,653 | 25,554 | -14,458 | ||
| Transfers between funds | 13,444 | 0 | -13,444 | 0 | 0 | ||
| Investment in Fixed assets | 0 | 0 | 0 | 0 | 13,491 | ||
| Gains/Losses on investments | 11 | 2,964 | 0 | 0 | 2,964 | 451 | |
| Net Movement in Funds | 30,308 | 0 | -1,790 | 28,518 | -516 | ||
| Total Funds brought forward | 59,631 | 24,302 | 116,530 | 200,463 | 200,979 | ||
| Total Funds Carried forward | 89,939 | 24,302 | 114,740 | 228,981 | 200,463 |
The statement of financial activities includes all gains and losses recognised in the year
All income and expenditure derives from continuing activities.
7
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Statement of Financial Position
Year ended 31st December 2025
| Note Fixed Assets Tangible Fixed Assets 15 Intangible Fixed Assets 16 Total Fixed Assets Current Assets Cash at bank and in hand Total Current Assets Liabilities Agency Collections Total Liabilities Net Assets Represented by Funds 17 Unrestricted - General Unrestricted - Designated Restricted Total Funds |
2025 2024 £ £ 24,087 27,784 21,105 18,141 |
|---|---|
| 45,191 45,925 183,790 154,538 |
|
| 183,790 154,538 0 0 |
|
| 0 0 |
|
| 228,981 200,463 |
|
| 89,939 59,631 24,302 24,302 114,739 116,530 |
|
| 228,981 200,463 |
The notes on pages 9 to 13 form part of these financial statements
The Trustees Annual Report and Financial Statements were approved by the PCC and authorised for presentation to the APCM.
Rev. Jonathan Hunter Dunn PCC Chairman
Date 17th April 2026
8
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements
Year ended 31st December 2025
| 1. | General information |
|---|---|
| The PCC is an unincorporated charity registered in England and Wales (no. 1130891). The registered office address is Peter Street Rooms, Peter Street, Shepton | |
| Mallet, Somerset, BA4 5BL. | |
| 2. | Statement of compliance |
| These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the | |
| 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 (FRS102) (Charities SORP (FRS102)) and the Charities Act 2011. | |
| 3. | Accounting Policies |
| Basis of preparation | |
| The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair | |
| value. |
The financial statements have been prepared in pounds sterling, the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds which have been earmarked by the trustees for a particular future project or commitment. Restricted funds are subject to restrictions on their expenditure declared by the donor or through the terms of an appeal. Incoming resources
All incoming resources are included in the statement of financial activities when the income has been received .
Resources expended
Expenditure is recognised when a payment is made. Expenditure includes any VAT and is classified under headings of the statement of financial activates to which it relates i.e. ** expenditure on raising funds includes all the costs of fundraising activities, events, and non-charitable trading activities; ** 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 support costs and costs relating to the governance of the charity; ** other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible fixed assets and depreciation All tangible fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less any residual value, over its useful economic life as follows: Office equipment straight line over 4 years Audiovisual equipment straight line over 5 years Digital Organ straight line over 20 years The annual depreciation charge is recognised in expenditure
Investments
Investments are measured at fair value with changes in fair value being recognised after net income/expenditure.
9
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| Year ended 31st December 2025 | |
|---|---|
| 4. Donations & Legacies Planned giving Cash collections Ad hoc donations Income tax recovered Grants Legacies Total donations and legacies 5. Charitable activities Donations to toddlers/children/youth Wedding and funeral fees retained Other income from charitable activities Discipleship funding Total charitable activity income 6. Trading Activities Bookstall Peter Street lettings Church lettings Refreshments Concerts and functions Parish weekend Total trading activity income 7. Investment Income Dividends and Interest 8. Other Income Fundraising income Miscellaneous Income Total other income |
2024 General Designated Restricted Total Total £ £ £ £ £ 84,334 - 285 84,619 79,613 6,590 - 328 6,919 7,673 18,160 - 3,775 21,935 16,289 27,174 - 5,010 32,184 25,235 - - - - - 3,338 - - 3,338 - Unrestricted 2025 |
| 139,595 - 9,398 148,994 128,810 393 0 0 393 407 10,026 0 0 10,026 9,951 0 0 0 0 397 0 0 21,034 21,034 11,963 |
|
| 10,419 0 21,034 31,453 22,718 1,118 0 3 1,121 1,082 25 0 0 25 0 1,564 0 0 1,564 200 178 0 0 178 112 0 0 0 0 0 5,035 0 0 5,035 0 |
|
| 7,919 0 3 7,922 1,394 8,088 0 0 8,088 5,977 2,706 0 0 2,706 1,229 232 0 0 232 113 |
|
| 2,939 0 2,939 1,342 |
10
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| 2025 | 2024 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| Note | General Designated |
Restricted | Total | Total | ||||
| £ | £ | £ | £ | £ | ||||
| 9. | Expenditure on Charitable Activities | |||||||
| Parish Share | 66,814 | 0 | 0 | 66,814 | 65,617 | |||
| Children's & Youthwork | 4,765 | 0 | 0 | 4,765 | 2,176 | |||
| Finance & Administration | 18,656 | 0 | 0 | 18,656 | 17,657 | |||
| Charitable Giving | 18 | 12,891 | 0 | 478 | 13,369 | 12,365 | ||
| Church Utilities & Insurance | 13,014 | 0 | 476 | 13,490 | 14,672 | |||
| Church Buildings & Maintenance | 4,562 | 0 | 667 | 5,229 | 8,414 | |||
| Weddings & Funerals | 3,081 | 0 | 0 | 3,081 | 21 | |||
| Music & Services | 1,246 | 0 | 466 | 1,712 | 2,251 | |||
| Clergy Expenses | 2,081 | 0 | 0 | 2,081 | 2,104 | |||
| Discipleship ministry | 581 | 0 | 15,227 | 15,808 | 15,536 | |||
| Training & Recruitment | 0 | 0 | 0 | 0 | 15 | |||
| Books to promote objectives | 109 | 0 | 0 | 109 | 592 | |||
| Mission | 0 | 0 | 0 | 0 | 26 | |||
| Equipment | 1,394 | 0 | 0 | 1,394 | 15,616 | |||
| Depreciation | 12 | 3,698 | 0 | 0 | 3,698 | 7,849 | ||
| Total Exp. on Charitable Activities | 132,892 | 0 | 17,313 | 150,205 | 164,909 | |||
| 10. | Other Expenditure | |||||||
| PSR Buildings & Maintenance | 7,983 | 0 | 0 | 7,983 | 2,481 | |||
| PSR Utilities & Insurance | 5,341 | 0 | 0 | 5,341 | 5,623 | |||
| Parish Weekend | 4,825 | 0 | 0 | 4,825 | 0 | |||
| Bookstall | 972 | 0 | 0 | 972 | 848 | |||
| Refreshment costs | 1,193 | 0 | 0 | 1,193 | 772 | |||
| Concerts & Functions | 0 | 0 | 0 | 0 | 40 | |||
| Miscellaneous costs | 1,494 | 0 | 1,469 | 2,962 | 27 | |||
| Total Other Expenditure | 21,807 | 1,469 | 23,276 | 9,791 | ||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| 11. | Net gains on investments | |||||||
| M&G Charifund | 2,964 | 451 | ||||||
| 12. | Depreciation | 2025 | 2024 | |||||
| Net income is stated after charging depreciation of tangible fixed assets as | £ | £ | ||||||
| follows: | ||||||||
| Digital Organ | Digital Organ | 1,000 | 1,000 | |||||
| Audio & Visual Installation 2024 | 2,698 | 2,698 | ||||||
| Audio & Visual Installation 2020 | A/V Equipment | 0 | 4,150 | |||||
| Total depreciation | 3,698 | 7,849 | ||||||
| 13. | Staff costs | |||||||
| The total staff costs (including employee | benefits) for the year | 15,134 | 12,640 |
The PCC employed a Parish Administrator throughout the year so the number of employees at the year end was 1 (2024 : 1).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were paid to Trustees or persons directly associated with them except for:
- a) the reimbursement of expenses incurred by various Trustees on behalf of the PCC; b) the salaries to the employee who is married to a Trustee.
11
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements Continued)
Year ended 31st December 2025
15. Tangible fixed assets
| 15. Tangible fixed assets |
|
|---|---|
| Acquisition cost Brought forward at 1 January 2025 Additions Disposals Carried forward at 31 December 2025 Depreciation Brought forward at 1 January 2025 Charge for the year Carried forward at 31 December 2025 Carrying Amount Brought forward at 1 January 2025 Additions Charge for the year Carried forward at 31 December 2025 16. Investments M&G Charifund Valuation at 1 January 2025 Revaluation Carried forward at 31 December 2025 17. Analysis by fund Unrestricted Funds General Designated Funds Margaret Dyke Total Unrestricted Funds Restricted Funds Screen and family area Discipleship Winter Heating Re-Ordering Music Total Restricted Funds Total funds of the charity |
£ 59,032 0 0 59,032 31,248 3,698 34,945 27,784 0 3,698 24,087 18,141 2,964 21,105 Value Income & Expenditure Transfers Value 1st Jan Gains/(Losses) 31st Dec £ £ £ £ £ 59,631 171,924 155,059 13,444 89,939 24,302 0 0 0 24,302 |
| 83,933 171,924 155,059 13,444 114,241 £ £ £ £ £ 13,444 0 0 -13,444 0 6,535 25,643 15,227 0 16,952 0 4,792 3,023 0 1,769 96,085 0 67 0 96,019 466 0 466 0 0 |
|
| 116,530 30,435 18,782 -13,444 114,739 |
|
| 200,463 202,359 173,841 0 228,981 |
Margaret Dyke : Set up with a legacy from Margaret Dyke, to support Youth and music ministry, as decided by the incumbent and wardens in consultation with the PCC.
Screen and family area : A restricted fund to pay for improved AV and family area on the North side of the church. The project is complete and the fund is closed.
Discipleship : a restricted fund established to fund the role of Discipleship lead.
Winter Heating : A restricted fund set up during the year to fund additional heating costs over the winter period
Re-ordering: A restricted fund to provide for the development and implementation costs of our re-ordering project. Since 2022 major donations were received and a small amount of professional fees have been incurred so far in pursuit of faculty approval.
Music: A restricted fund created during 2022 on receipt of a legacy from the estate of Rae Fulford. The fund has been spent to support the musical life of the church.
12
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| Year ended 31st December 2025 | |
|---|---|
| 18. Charitable Giving from General Fund Tearfund St Peter's Lifeline Windsor Hill Wood Salvation Army Believers in Recovery Wycliffe Bible Translators Various Others Total charitable giving Percent of previous years unrestricted income |
2025 2024 £ £ 2,478 2,000 2,000 2,634 3,391 2,000 1,500 1,500 2,000 2,000 2,000 2,000 231 |
| 13,369 12,365 9.6% 9.9% |
Main charities supported
Tearfund: As a Christian charity, Tearfund believes that everyone has an amazing God-given potential to create change. They show people around the world how to unlock these gifts and put them to use escaping poverty. Many of their partners in this work are local churches, who discover how to offer their communities material and spiritual hope.
St Peter's Lifeline is a small charity that supports an impoverished parish community in a harsh, remote, area of Kenya. It’s principal activities are: educating orphaned and impoverished children, eliminating the foul scourge of FGM, a sustainable micro finance scheme for women, daily feeding scheme at 7 local primary schools, caring for over 120 disabled children & their families and the provision of a water supply & irrigation.
Windsor Hill Wood is a woodland shelter, a place of radical hospitality, manual labour and prayer. They aim to create a loving environment for people going through tough or uncertain times and offering them the chance to rediscover peace, silence and acceptance amidst the beauty and simplicity of the woods.
Salvation Army: Our gift was to support the local food bank operations in our town.
Believers in Recovery is a church wide Christian recovery community supporting men and women who have been affected directly or indirectly by any forms of addiction.
Wycliffe Bible Translators is a mission agency with a big vision: A world where everyone can know Jesus through the Bible. 1 in 5 people worldwide still don’t have a Bible in their language. Wycliffe serve local partners worldwide as they bring God’s word to their communities in the language which speaks to them best.
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REGISTERED CHARITY NUMBER: 1130891
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report and Unaudited Financial Statements 31st December 2025
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Annual Report and Financial Statements
Year ended 31st December 2025
| Page | |
|---|---|
| Trustees' annual report | 3 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
2
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report
Year ended 31st December 2025
ADMINISTRATIVE INFORMATION
St Peter & St Paul Church, Shepton Mallet is situated in Somerset and is part of the Diocese of Bath and Wells within the Church of England. The correspondence address is Peter Street Rooms, Peter Street, Shepton Mallet, Somerset, BA4 5BL.
The Parochial Church Council (PCC) is a Registered Charity (Number 1130891).
PCC members (trustees) who served during the period were as follows:
Rector Revd Jonathan Hunter Dunn Churchwardens Nick Bennett, Vaughan Ives Lay Chairperson David Crisfield Treasurer Andy Paull Secretary Robert Goodhand Deanery Synod Suzi Mackenzie Elected Members Ros Baldwin, Stephen Jarrett, Cliff Brown, Steve Bruce-Jones, John Knight, Rosie Sandquest
Independent Examiner Peter Mullee (ACCA)
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
Objectives and activities
Shepton Mallet PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Peter & St Paul's Church and associated property.
Church Attendance
There were 93 parishioners on the Church Electoral Role (May 2025). Declared Church membership as of December 2025 was 120. Average, in-church, Sunday attendance was 85 adults and there was an average of 13 connections listening on-line during the same period.
We conducted 1 Baptisms, 5 in Church Funeral Services and no Wedding ceremonies.
3
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report (continued)
Year ended 31st December 2025
RECTOR'S REVIEW OF THE YEAR
This year has witnessed remarkable growth in Christ-like love throughout our church community, demonstrated through our commitment to Learning from God's Word and Living as Jesus' followers.
Learning from God's Word
Our focused sermon series approach proved highly effective in 2025. We began with Luke chapters 12-13, followed by Hebrews 4- 7. Recognizing Hebrews' connection to Exodus, we undertook an ambitious study of the entire book of Exodus after Easter, which powerfully reminded us of God's rescue and mercy. Our summer "Vision Re-Loaded" series covered Learning from Jesus, Living for Jesus, and Loving like Jesus, followed by "Before You Open Your Bible," encouraging reflection on our attitudes toward Scripture. The generous gift of new pew and lectern Bibles emphasized God's Word's centrality to our faith and flourishing.
September featured charity representatives: Janet Papworth (Tearfund), Noel Richards (Christians Against Poverty), and Edward Zerata (Wycliffe Bible Translators), broadening our perspective on global needs. We concluded Exodus before Advent, using "Small Wonder" materials from The London Institute for Contemporary Christianity.
Thanks to Jasmine Hnatkova's wonderful design, we produced church Christmas cards delivered to every home in Shepton Mallet. Across the Benefice, nearly 1,000 people attended our Christmas services—a fantastic conclusion to the year.
Living as Jesus' Followers
2025 proved exceptional for growth. Sunday morning attendance rose from approximately 80 to 100 people weekly. We welcomed newcomers seeking church, returning to childhood faith, or exploring Christianity for the first time.
A dedicated team developed "Supporting Growth," outlining Wise Welcome, Purposeful Pathways, and Meaningful Ministries. This framework was shared with the PCC and will be presented during Lent Talks 2026.
Our Benefice Weekend Away featured Revd Mike Cain, who shared his miraculous cancer journey and spoke powerfully about being "jars of clay."
Children's and youth ministries continue thriving through dedicated volunteers, including Sunday groups and midweek Youth Bible Fellowship. Our evangelistic program included Start Course, The Bible Course, Christianity Explored, and Discipleship Explored, fostering faith growth and community connection.
School ministry flourishes across St. Paul's Junior, Shepton Mallet Community Infants, and Bowlish Primary schools. Open the Book teams are recognized throughout town, creating valuable witness opportunities.
Growing in Love
By God's grace, these activities have cultivated Christ-like love increasingly evident on Sundays and in our community relationships. We pray for continued growth in Jesus' love, so others might say of us, "See how they love one another." Deep gratitude extends to all serving out of love for Jesus in the Shepton Mallet Benefice.
4
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Trustees Annual Report (continued)
Year ended 31st December 2025
FINANCE REPORT
Income
Our total income for the year was £199,395 representing an increase of 24% on 2024. Our General income increased by 17% or £24,678. Restricted funds benefitted from a total of £30,435, which was to fund our Discipleship lead role and Winter heating funds. Planned Giving, Cash Collections and Ad Hoc Donations to the General fund were 6% higher. Fundraising income more than doubled and the recurrence of the Parish Weekend also contributed to this strong income growth.
Expenditure
Our total expenditure of £173,841 represents a decrease of 0.5% on last year. In the General fund increases to building maintenance expenses and the costs of running the Parish Weekend drove the £13,746 or 10% increase whilst their was a decrease due to the expenditure on the clock in 2024 which di not recur in 2025.
Fund values
In addition to the income and expenditure movements outlined above the value of the PCC’s investments grew by £2,964 over the year.
Overall the value of the General fund increased by £30,308 to £89,939 driven by income in excess of expenditure of £13,900 and the transfer of the AV equipment fixed asset from its restricted fund. The PCC’s total funds increased by £28,518 to £228,981 due to income in excess of expenditure in both the General and Discipleship Funds. In total £204,894 is available as cash and investments. £90,155 of that being unrestricted.
Reserves
The PCC is required to formulate and disclose its policy on “reserves”, i.e. the level of funds which are freely available at any time. The PCC has adopted a policy to maintain reserves of £42,500 which is based upon 3 months of average projected general expenditure to cover variability in the timing of outgoings and a £5,000 lump sum to cover unforeseen short term building maintenance needs. The PCC defines reserves as the total value of its unrestricted funds less Tangible fixed assets being £90,155 as at 31 Dec 2025
Comments
The overall growth in 2025 particularly that of the General fund was very encouraging and it was especially pleasing to see a growth in giving. However, costs continue to rise especially in utilities and building maintenance and the PCC wants to continue to fund current activities and to do more wherever possible.
The movement of PCC savings assets into an alternative account has again delivered strong interest returns 35% ahead of 2024. We will continue to seek to grow our income both through activities, donations and through fundraising events.
5
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Independent Examiner's Report to the Trustees
Year ended 31st December 2025
I report to the trustees on my examination of the financial statements of Parochial Church Council of St. Peter & St. Paul, Shepton Mallet ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
Independent examiner's statement
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
PETER MULLEE (ACCA) Date 17th April 2026 Independent Examiner Talbot Barn, Patterdown Farm, Patterdown, Chippenham, SN15 2NP
6
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Statement of Financial Activities
Year ended 31st December 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| Note | General | Designated | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | Funds | |||
| Income | £ | £ | £ | £ | £ | ||
| Donations & Legacies | 4 | 139,595 | 0 | 9,398 | 148,994 | 128,810 | |
| Charitable Activities | 5 | 10,419 | 0 | 21,034 | 31,453 | 22,718 | |
| Trading Activities | 6 | 7,919 | 0 | 3 | 7,922 | 1,394 | |
| Investment Income/Interest | 7 | 8,088 | 0 | 0 | 8,088 | 5,977 | |
| Other Income | 8 | 2,939 | 0 | 0 | 2,939 | 1,342 | |
| Total Income | 168,960 | 0 | 30,435 | 199,395 | 160,241 | ||
| Expenditure | |||||||
| Expenditure on fundraising | 360 | 0 | 0 | 360 | 0 | ||
| Expenditure on Charitable Activities | 9 | 132,892 | 0 | 17,313 | 150,205 | 164,909 | |
| Other Expenditure | 10 | 21,807 | 0 | 1,469 | 23,276 | 9,791 | |
| Total Expenditure | 155,059 | 0 | 18,782 | 173,841 | 174,700 | ||
| Net Income/(Expenditure) | 13,900 | 0 | 11,653 | 25,554 | -14,458 | ||
| Transfers between funds | 13,444 | 0 | -13,444 | 0 | 0 | ||
| Investment in Fixed assets | 0 | 0 | 0 | 0 | 13,491 | ||
| Gains/Losses on investments | 11 | 2,964 | 0 | 0 | 2,964 | 451 | |
| Net Movement in Funds | 30,308 | 0 | -1,790 | 28,518 | -516 | ||
| Total Funds brought forward | 59,631 | 24,302 | 116,530 | 200,463 | 200,979 | ||
| Total Funds Carried forward | 89,939 | 24,302 | 114,740 | 228,981 | 200,463 |
The statement of financial activities includes all gains and losses recognised in the year
All income and expenditure derives from continuing activities.
7
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Statement of Financial Position
Year ended 31st December 2025
| Note Fixed Assets Tangible Fixed Assets 15 Intangible Fixed Assets 16 Total Fixed Assets Current Assets Cash at bank and in hand Total Current Assets Liabilities Agency Collections Total Liabilities Net Assets Represented by Funds 17 Unrestricted - General Unrestricted - Designated Restricted Total Funds |
2025 2024 £ £ 24,087 27,784 21,105 18,141 |
|---|---|
| 45,191 45,925 183,790 154,538 |
|
| 183,790 154,538 0 0 |
|
| 0 0 |
|
| 228,981 200,463 |
|
| 89,939 59,631 24,302 24,302 114,739 116,530 |
|
| 228,981 200,463 |
The notes on pages 9 to 13 form part of these financial statements
The Trustees Annual Report and Financial Statements were approved by the PCC and authorised for presentation to the APCM.
Rev. Jonathan Hunter Dunn PCC Chairman
Date 17th April 2026
8
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements
Year ended 31st December 2025
| 1. | General information |
|---|---|
| The PCC is an unincorporated charity registered in England and Wales (no. 1130891). The registered office address is Peter Street Rooms, Peter Street, Shepton | |
| Mallet, Somerset, BA4 5BL. | |
| 2. | Statement of compliance |
| These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the | |
| 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 (FRS102) (Charities SORP (FRS102)) and the Charities Act 2011. | |
| 3. | Accounting Policies |
| Basis of preparation | |
| The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair | |
| value. |
The financial statements have been prepared in pounds sterling, the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds which have been earmarked by the trustees for a particular future project or commitment. Restricted funds are subject to restrictions on their expenditure declared by the donor or through the terms of an appeal. Incoming resources
All incoming resources are included in the statement of financial activities when the income has been received .
Resources expended
Expenditure is recognised when a payment is made. Expenditure includes any VAT and is classified under headings of the statement of financial activates to which it relates i.e. ** expenditure on raising funds includes all the costs of fundraising activities, events, and non-charitable trading activities; ** 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 support costs and costs relating to the governance of the charity; ** other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible fixed assets and depreciation All tangible fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less any residual value, over its useful economic life as follows: Office equipment straight line over 4 years Audiovisual equipment straight line over 5 years Digital Organ straight line over 20 years The annual depreciation charge is recognised in expenditure
Investments
Investments are measured at fair value with changes in fair value being recognised after net income/expenditure.
9
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| Year ended 31st December 2025 | |
|---|---|
| 4. Donations & Legacies Planned giving Cash collections Ad hoc donations Income tax recovered Grants Legacies Total donations and legacies 5. Charitable activities Donations to toddlers/children/youth Wedding and funeral fees retained Other income from charitable activities Discipleship funding Total charitable activity income 6. Trading Activities Bookstall Peter Street lettings Church lettings Refreshments Concerts and functions Parish weekend Total trading activity income 7. Investment Income Dividends and Interest 8. Other Income Fundraising income Miscellaneous Income Total other income |
2024 General Designated Restricted Total Total £ £ £ £ £ 84,334 - 285 84,619 79,613 6,590 - 328 6,919 7,673 18,160 - 3,775 21,935 16,289 27,174 - 5,010 32,184 25,235 - - - - - 3,338 - - 3,338 - Unrestricted 2025 |
| 139,595 - 9,398 148,994 128,810 393 0 0 393 407 10,026 0 0 10,026 9,951 0 0 0 0 397 0 0 21,034 21,034 11,963 |
|
| 10,419 0 21,034 31,453 22,718 1,118 0 3 1,121 1,082 25 0 0 25 0 1,564 0 0 1,564 200 178 0 0 178 112 0 0 0 0 0 5,035 0 0 5,035 0 |
|
| 7,919 0 3 7,922 1,394 8,088 0 0 8,088 5,977 2,706 0 0 2,706 1,229 232 0 0 232 113 |
|
| 2,939 0 2,939 1,342 |
10
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| 2025 | 2024 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| Note | General Designated |
Restricted | Total | Total | ||||
| £ | £ | £ | £ | £ | ||||
| 9. | Expenditure on Charitable Activities | |||||||
| Parish Share | 66,814 | 0 | 0 | 66,814 | 65,617 | |||
| Children's & Youthwork | 4,765 | 0 | 0 | 4,765 | 2,176 | |||
| Finance & Administration | 18,656 | 0 | 0 | 18,656 | 17,657 | |||
| Charitable Giving | 18 | 12,891 | 0 | 478 | 13,369 | 12,365 | ||
| Church Utilities & Insurance | 13,014 | 0 | 476 | 13,490 | 14,672 | |||
| Church Buildings & Maintenance | 4,562 | 0 | 667 | 5,229 | 8,414 | |||
| Weddings & Funerals | 3,081 | 0 | 0 | 3,081 | 21 | |||
| Music & Services | 1,246 | 0 | 466 | 1,712 | 2,251 | |||
| Clergy Expenses | 2,081 | 0 | 0 | 2,081 | 2,104 | |||
| Discipleship ministry | 581 | 0 | 15,227 | 15,808 | 15,536 | |||
| Training & Recruitment | 0 | 0 | 0 | 0 | 15 | |||
| Books to promote objectives | 109 | 0 | 0 | 109 | 592 | |||
| Mission | 0 | 0 | 0 | 0 | 26 | |||
| Equipment | 1,394 | 0 | 0 | 1,394 | 15,616 | |||
| Depreciation | 12 | 3,698 | 0 | 0 | 3,698 | 7,849 | ||
| Total Exp. on Charitable Activities | 132,892 | 0 | 17,313 | 150,205 | 164,909 | |||
| 10. | Other Expenditure | |||||||
| PSR Buildings & Maintenance | 7,983 | 0 | 0 | 7,983 | 2,481 | |||
| PSR Utilities & Insurance | 5,341 | 0 | 0 | 5,341 | 5,623 | |||
| Parish Weekend | 4,825 | 0 | 0 | 4,825 | 0 | |||
| Bookstall | 972 | 0 | 0 | 972 | 848 | |||
| Refreshment costs | 1,193 | 0 | 0 | 1,193 | 772 | |||
| Concerts & Functions | 0 | 0 | 0 | 0 | 40 | |||
| Miscellaneous costs | 1,494 | 0 | 1,469 | 2,962 | 27 | |||
| Total Other Expenditure | 21,807 | 1,469 | 23,276 | 9,791 | ||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| 11. | Net gains on investments | |||||||
| M&G Charifund | 2,964 | 451 | ||||||
| 12. | Depreciation | 2025 | 2024 | |||||
| Net income is stated after charging depreciation of tangible fixed assets as | £ | £ | ||||||
| follows: | ||||||||
| Digital Organ | Digital Organ | 1,000 | 1,000 | |||||
| Audio & Visual Installation 2024 | 2,698 | 2,698 | ||||||
| Audio & Visual Installation 2020 | A/V Equipment | 0 | 4,150 | |||||
| Total depreciation | 3,698 | 7,849 | ||||||
| 13. | Staff costs | |||||||
| The total staff costs (including employee | benefits) for the year | 15,134 | 12,640 |
The PCC employed a Parish Administrator throughout the year so the number of employees at the year end was 1 (2024 : 1).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were paid to Trustees or persons directly associated with them except for:
- a) the reimbursement of expenses incurred by various Trustees on behalf of the PCC; b) the salaries to the employee who is married to a Trustee.
11
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements Continued)
Year ended 31st December 2025
15. Tangible fixed assets
| 15. Tangible fixed assets |
|
|---|---|
| Acquisition cost Brought forward at 1 January 2025 Additions Disposals Carried forward at 31 December 2025 Depreciation Brought forward at 1 January 2025 Charge for the year Carried forward at 31 December 2025 Carrying Amount Brought forward at 1 January 2025 Additions Charge for the year Carried forward at 31 December 2025 16. Investments M&G Charifund Valuation at 1 January 2025 Revaluation Carried forward at 31 December 2025 17. Analysis by fund Unrestricted Funds General Designated Funds Margaret Dyke Total Unrestricted Funds Restricted Funds Screen and family area Discipleship Winter Heating Re-Ordering Music Total Restricted Funds Total funds of the charity |
£ 59,032 0 0 59,032 31,248 3,698 34,945 27,784 0 3,698 24,087 18,141 2,964 21,105 Value Income & Expenditure Transfers Value 1st Jan Gains/(Losses) 31st Dec £ £ £ £ £ 59,631 171,924 155,059 13,444 89,939 24,302 0 0 0 24,302 |
| 83,933 171,924 155,059 13,444 114,241 £ £ £ £ £ 13,444 0 0 -13,444 0 6,535 25,643 15,227 0 16,952 0 4,792 3,023 0 1,769 96,085 0 67 0 96,019 466 0 466 0 0 |
|
| 116,530 30,435 18,782 -13,444 114,739 |
|
| 200,463 202,359 173,841 0 228,981 |
Margaret Dyke : Set up with a legacy from Margaret Dyke, to support Youth and music ministry, as decided by the incumbent and wardens in consultation with the PCC.
Screen and family area : A restricted fund to pay for improved AV and family area on the North side of the church. The project is complete and the fund is closed.
Discipleship : a restricted fund established to fund the role of Discipleship lead.
Winter Heating : A restricted fund set up during the year to fund additional heating costs over the winter period
Re-ordering: A restricted fund to provide for the development and implementation costs of our re-ordering project. Since 2022 major donations were received and a small amount of professional fees have been incurred so far in pursuit of faculty approval.
Music: A restricted fund created during 2022 on receipt of a legacy from the estate of Rae Fulford. The fund has been spent to support the musical life of the church.
12
Parochial Church Council of St. Peter & St. Paul, Shepton Mallet
Notes to Financial Statements (continued)
Year ended 31st December 2025
| Year ended 31st December 2025 | |
|---|---|
| 18. Charitable Giving from General Fund Tearfund St Peter's Lifeline Windsor Hill Wood Salvation Army Believers in Recovery Wycliffe Bible Translators Various Others Total charitable giving Percent of previous years unrestricted income |
2025 2024 £ £ 2,478 2,000 2,000 2,634 3,391 2,000 1,500 1,500 2,000 2,000 2,000 2,000 231 |
| 13,369 12,365 9.6% 9.9% |
Main charities supported
Tearfund: As a Christian charity, Tearfund believes that everyone has an amazing God-given potential to create change. They show people around the world how to unlock these gifts and put them to use escaping poverty. Many of their partners in this work are local churches, who discover how to offer their communities material and spiritual hope.
St Peter's Lifeline is a small charity that supports an impoverished parish community in a harsh, remote, area of Kenya. It’s principal activities are: educating orphaned and impoverished children, eliminating the foul scourge of FGM, a sustainable micro finance scheme for women, daily feeding scheme at 7 local primary schools, caring for over 120 disabled children & their families and the provision of a water supply & irrigation.
Windsor Hill Wood is a woodland shelter, a place of radical hospitality, manual labour and prayer. They aim to create a loving environment for people going through tough or uncertain times and offering them the chance to rediscover peace, silence and acceptance amidst the beauty and simplicity of the woods.
Salvation Army: Our gift was to support the local food bank operations in our town.
Believers in Recovery is a church wide Christian recovery community supporting men and women who have been affected directly or indirectly by any forms of addiction.
Wycliffe Bible Translators is a mission agency with a big vision: A world where everyone can know Jesus through the Bible. 1 in 5 people worldwide still don’t have a Bible in their language. Wycliffe serve local partners worldwide as they bring God’s word to their communities in the language which speaks to them best.
13
DIOCESE OF Bath&Wells Livlrng the story. Tellin9 the story. PCC Accounts and Returns Checklist This checklist is designed to enable the PCC Treasurer to ensure all year end responsibilities have been completed. Accounts have been prepared on: Receipts & Payments basis OR Accruals ba51S Ilf income is greater than £250k, your accounts must be prepared on an accruals basisl The accounts have been approved prior to the APCM, received at the APCM & signed by the PCC Chairman. All the following should form part of your accounts pack. Check the box to confirm this. CC annual report approved prior to the APCM. Signed independent examinerfs certificate. Certificate template can be dowffiloudedfrom htt www. ov.u overnrnent ublications inde endent-exuminer5-re ort-tem lote-sor rs-102 tatement of Assets & Liabilities / Balance Sheet as appropriate. The Return of Parish Finance totals agree with the accounts (submit online) Is PCC income (total including all restricted funds and excluding transfers between funds) above £IOOk for the year? IYes/Nol If YES, the fo wing further confirmation is required.. Either he PCC is registered with the Charit Commission. The registration number is PCC accounts and annual return have been filed at the Charity Commission / will be filed before the deadline131' October). The PCC is currently applying for registration. This year is a 'one off, & the PCC has applied to the Charity Commission for dispensation not to register this year. 130<91 Or Please return this checklist with your Year-end Accounts to: bathwells.an Please submit the Return of Parish Finance on htt arishreturns.churchofen land.or issues with your login, please email: returns bathwells.an lican.or ccaccounts lican.o In case of If you have any queries regarding the completion of your accounts or returns, there is guidance on the Diocesan Accounti n nd returns - Bath and Wells Di se and Parish Resources website arishres www. urces.or