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2025-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of St Philip and St Jacob, Bristol

THE CHURCH of St. Philip & St. Jacob with Emmanuel Tower Hill, Old Market, Bristol, BS2 OET

Registered Charity Number 1132006

ANNUAL REPORT and FINANCIAL STATEMENTS of the PAROCHIAL CHURCH COUNCIL for the year ended 31st December 2025

Vicar

Revd. Tim Jones

Bank

CAF Bank Ltd, 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ

Independent Examiner

[ ], ACA Burton Sweet Limited 5 Farleigh Court, Old Weston Rd, Flax Bourton, Bristol, BS48 1UR

Trustees’ Annual Report Year Ended 31 December 2025

The Parochial Church Council during 2025

The Parochial Church Council (PCC) are the trustees registered with the Charity Commission. There are a number of associated small trusts which are also registered. The trustees for these are the Vicar and Churchwardens. Any omissions or errors are entirely accidental. The purpose of this report is to reflect how we have used the site, building and furnishings to the Glory of God. A fuller picture of St Philip and St Jacob Church's life together is seen in our relationships, our gatherings and our publications on and offline.

**Chairman ** Revd. TimJones (inpost October 2023)
Churchwardens Karri Chandler (elected May 2022)
Richard Wait (elected April 2024)
Deanery Synod
Simon Thorne (elected May 2022)
Meryl Widdecombe (elected May 2023)
Treasurer
Karri Chandler (retired April 2024*and elected April 2024)
PCC
Alaba Adegbite (elected April 2024)
Jacky Brown (elected April 2021)
Richard Wait (elected May 2022)– Lay chair
Sheila March (elected March 2023)
Tim Browne (elected May 2022, retired and co-opted on April 2024)
Samantha Bryant (elected April 2025) -Secretary
Daniel Gardner (elected April 2025)
Athan Amasiatu Chukwuwereoke (elected April 2025)

Objects and Main Activities

The main purpose of the work of the PCC is promoting in the parish the whole mission of the church; to help the people of Bristol to follow Jesus. When planning our activities for the year, the Vicar and the PCC have considered the Commission's guidance on public benefit for charities in the advancement of religion. Our work seeks to enable people to live out their faith as part of the church community through:

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The council meets regularly (minimum 6 times per annum) to discuss matters arising in the parish including: finance, safeguarding, mission, and site development.

During the year the vicar convened and chaired meetings of the PCC with the lay-chair. The standing committee was made up of the Churchwardens, Lay Chair of the PCC and Vicar.

Recruitment of Trustees

The method of appointment of PCC members is set out in the Church Representation Rules (2022). The membership of the PCC consists of the Vicar, Churchwardens, and members elected by the electoral roll of the church. In addition to this, the elected members of Deanery Synod members are ex-officio.

Main Areas of Responsibility

The Council has primary responsibility to govern the financial affairs of the church and to ensure compliance with best practice regarding safeguarding. It is responsible for the care and regeneration of the site, building and its goods and ornaments. It is expected to cooperate with the Vicar in promoting the whole mission of Jesus' church in the parish and to consult jointly with the Vicar on matters of general concern and importance within the parish.

Public Benefit Statement

St Philip and St Jacob Church contributes a great deal to the city centre community and to God's mission more widely. The review below outlines some of the activities undertaken by the PCC throughout 2024 to help the people of Bristol to encounter Jesus, redeem life and love the city. The church is situated in the centre of a busy and thriving city and serves a wide variety of people. The church building is an important local resource and is used by various groups outside of the church. We support other churches in the Bristol diocese and particular organisations worldwide in the pursuit of Christian mission. The trustees have complied with their legal duty under the Charities Act 2011 to have regard to the Public Benefit guidance published by the Charity Commission.

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’ Vicar s Letter - Rev Tim Jones

We are so grateful to God for all He did in 2025. Together, we are seeing so much life and momentum in our church community as God is at work by His Holy Spirit. Though there is too much to name, here are a few things I am especially grateful for.

I am so grateful to witness people encountering Jesus and giving their lives to Him. It was wonderful to baptise six adults in 2025 and to witness people responding to God in repentance and faith following our Alpha courses. The Alpha course in September was especially fruitful, as we saw a one hundred percent increase in attendance compared to the previous course, as well as great friendships being formed. From this course, four people have indicated that they would like to be baptised.

I am so grateful for our growing staff team. Following Fiona and Hyeri moving on from their roles as Operations Assistants, to whom we are so thankful, we appointed Clare as our new Operations Manager, Genevieve as our Operations Assistant, Kathryn as a Ministry Assistant and Harvey as our Youth Pastor. We have grown closer together as a team, and everyone has worked incredibly hard, particularly during September and over Christmas. Tim Browne, Assistant Leader, and Jonah, Creative Comms, continue in their roles and are doing so well. We have loved welcoming the Woodhams family to our church as Emma began as an ordinand at Trinity and Dan continued as a second year placement student with us. I am very grateful to be working with them.

I am so grateful for people’s sacrificial giving of their time, talent and treasure. The number of volunteers serving in the life of Central grew significantly. We appointed new members to our PCC and new Connect Group Leaders, and following our Vision Sunday in October, our regular financial donations increased by 54 percent from the start of the year. What we do at Central is made possible by this incredible generosity, and I am deeply grateful for every financial gift given to the ongoing work of the church.

I am so grateful to witness a church community that is growing in fellowship, joy and number. New Wine was amazing, Christmas was brilliant, and our occasional all-age services reached new heights of joy and excellence. Once again, our Sunday attendance grew significantly from last year. We ended the year averaging 138 adults and 34 under-18s on a Sunday, which represents 60% growth from 2024, 160% since 2023, and a tripling since 2022. Of particular joy is the fact that this growth has brought significant diversity to our community, especially among young people, those from different ethnic backgrounds, and those who are seekers or new to faith.

In September, I preached from Isaiah 26 as a way of expressing the kind of people we believe God is calling us to be. “ Yes, Lord, walking in the way of your laws, we wait for you; your name and renown are the desire of our hearts .” I am so grateful to see this desire being expressed in our church body, and I long to see it more and more as Jesus is glorified in us and through us in the years to come.

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Ministry Review

1. Worship & Prayer

As our congregation has grown in both size and breadth, the leadership team has recognised that while Sunday services were vibrant and busy, there was a desire for greater depth and space within our worship. In response, we introduced a monthly Worship Night. With an average attendance of around 40 people, these gatherings have provided opportunities for less structured worship, extended time, and ministry in the power of the Holy Spirit. Our hope is that these Worship Nights act as a furnace, fuelling and overflowing into our Sunday services and wider church life.

In our Bible teaching throughout the year we sought to remain faithful to Scripture while presenting it in an open, accessible, and relevant way. We have offered a mixture of thematic teaching series, such as Real Faith for Real Life at the start of the year, alongside expository series exploring specific books of the Bible, including Rooted and Ready in the book of Thessalonians.

We have continued with a pattern of termly all-age services, creating space for the whole church to explore faith and worship together. Highlights include Palm Sunday (featuring a real donkey), the Let Your Light Shine service with an intergalactic adventure theme, and our Christmas Nativity service, which included a visiting petting farm.

Prayer remains central to the life of the church. Our monthly prayer meeting has seen steady attendance throughout 2025, with the shared meal beforehand helping to build relationships and remove practical barriers to participation.

During the year, we were pleased to hold several baptism services within our Sunday gatherings, including on Easter Sunday.

2. Under 18’s

Alongside our termly all-age services, children are included every week at the beginning of the 10.30am service through an action song before they move to their groups. This has become a much-loved part of our worship, with children and adults standing together to praise God.

Sunday Club attendance has remained relatively stable throughout 2025, with March and November being the busiest months. Across the year, the average attendance was 28 children. Our Explorers group for children aged 0–4 has become our busiest group, with an average attendance of 12 children and up to 18-20 in our peak months. We have continued to safely recruit and support volunteers, with 25 volunteers serving regularly within the children’s ministry.

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Kids Church has remained a monthly fixture and continues to be intentionally different from Sunday Club. These gatherings provide space for children to worship, pray, learn, and encounter God together in a setting designed specifically for them. It has been encouraging to see children grow in confidence in worship and prayer while having fun along the way. Sessions use action songs and creative prayer stations to explore particular topics, stories, or themes.

At the start of 2025, Tower Tots paused to reconsider how this valuable ministry could be more fully rooted within the life of the church. By the end of 2024, the group had become largely staff-led, with limited involvement from church volunteers. Following consultation, Tower Tots relaunched in February 2025 on a Thursday, rather than a Wednesday, with a new volunteer team from the church taking the lead, supported by staff. After an initial period of lower attendance as the group settled into a new rhythm, numbers have grown again, and the group now feels more closely connected to the wider ministry of the church.

During 2025, we also introduced a new registration and check-in system for our children’s ministry to strengthen our safeguarding practices. With a growing number of visitors, this has been a crucial step in ensuring children’s safety.

Throughout the year, we continued to advertise for a full-time Kids and Families Pastor to support this growing area of ministry, but were unable to make an appointment. This reflects a wider national shortage of workers in this field. In October, during a discernment prayer meeting, the theme of “making space” emerged, particularly in relation to children growing up within the church and the future development of our 0-18s ministry. As a result, the PCC decided to advertise for a Youth Pastor, and we were pleased to successfully appoint a full-time Youth Pastor who will support the existing team and lead the development of a new ministry for secondary school-aged young people.

3. Discipleship

This year we moved to regular notes produced to help each Connect Group study God’s word and the passage that was preached on Sunday. This was received well by leaders and groups. For the autumn term we established a Connect Group “reset” and put all our groups on our website for people to sign up to which proved very successful. At this time we also rearranged our groups, launching three more for the growing numbers in our church community. At the end of 2025 we have 9 connect groups meeting regularly across the city.

In 2025 we ran two alpha courses, with 12 guests in the spring term and 25 in the autumn term. We partnered with St. Nicholas church to run the Holy Spirit and are so grateful to them for all their effort to facilitate this day.

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4. Outreach

Members of our congregation remain committed to serving the wider community, particularly through our ongoing partnership with the Bristol Soup Run Trust. Throughout the year, a dedicated team of volunteers faithfully distributed food to those experiencing homelessness and poverty in the local area on a weekly and daily basis.

We continued to run our outreach meals for the local homeless people and those on the edges of society in Bristol this year, holding 3 Feasts with over 60 people at each event, thanks to the hard work of Luke and Tara Joyner, members of our Church congregation.

Some of the incredible highlights this year have been that we have had some people who have attended the Feast then come and join our church. There have been some attendees who have subsequently joined the Alpha course after coming to The Feast. We have also had feedback that one couple attended one of the Feasts, and a few months later gave their lives to Jesus, even coming back to the latest Feast to tell us this wonderful news!

5. Christmas

1,304 people came through our doors over the Christmas period. We ran a series of fun, reflective and exciting Christmas events which brought in a large number of our own church members, but also an extraordinary amount of the local community.

Kicking off the Christmas season was our Pudding Party, where we welcomed over 100 adults and children to make christmas puddings and join in with various crafts and activities. We saw a large number of the parents that attend our weekly toddler group, Tower Tots, at the event and were able to share invitations to the rest of our Christmas events to those that came.

We had live animals for our nativity service this year. A highlight being the petting zoo’s ‘Best Goat’ who enjoyed photos with the children. Again, another event that we were able to welcome a number of local families to and a real opportunity to see laughter and connection across all ages of our church family, with everyone dressing up and following the story of the nativity together.

We ran two beautiful Carols by Candlelight services this year. The Family Carols by Candlelight service had 195 registered and the later, Carols by Candlelight service had 244 people sign up. With the beautiful brass band accompanying a Central choir, in the candlelit space - it was a spectacular opportunity to pause and reflect on the glory of Emmanuel amidst the busy season.

We also hosted a Solicitors’ Carol Service, in partnership with Burges Salmon and Osborne

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Clarke. Also offering other local professionals a Lunchtime Carol Service again this year, which saw a large attendance, but one we hope to improve with strengthened links to local businesses and individuals.

We held a Christmas Eve christingle service and Christmas day service, both of which held space for real reflection and connection, which felt restful after such a busy schedule across December. As such an exciting opportunity for outreach, it is encouraging to be growing both the staff team and the volunteer base for these events so that we are able to keep evaluating and improving these occasions moving forward.

6. Mission Partners

Each year, the PCC sets aside 10% of our unrestricted income to give away in mission grants, supporting those who are actively sharing the gospel and serving those in need. We have received and approved grant applications for Martin Bateman, Sam & Anna Pollard and Roscoe Crawley. All of these individuals have strong links to our church and a clear vision for their ministry that aligns with the priorities of the PCC.

We will continue to support:

And begin to support:

7. Site and Operations Report

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leaking tower roof, we will progress with repairs in 2026 following a quote received and accepted in November 2025.

Finance Report

The trend of growth we saw in 2024 was repeated in 2025 with more and more people choosing to commit to regularly giving towards the work of Central Church. Regular donations increased by 45%, from £8,290 in January to £12,074 in December. We also saw £14,363 come in from one-off gifts, and £1,711 in ad hoc giving via the donations terminals. Overall, donations received totalled £131,909 and enabled £22,837 to be reclaimed through Gift Aid.

As ever, we are able to supplement the generosity of the church membership by utilising the site. 2025 saw £99,172 of income from our carpark and £4,646 from room hire. We also gained income in respect to the activities we put on as a church; activities that support the community and help share the love of God such as church meals, men’s and women’s events, Tower Tots and New Wine. In total we received £8,972 in this way.

Our final income sources are bank interest, which we hope to increase next year, and grants - such as tax rebates via the Listed Places of Worship Scheme, and those received from other Christian organisations as a vote of confidence in the work we’re doing in Bristol. For 2025 that meant a further £11,041k.

Overall, Central Church saw income for 2025 of £280,818. This is up from £262,242 in 2024, despite 2024 seeing income from land licenses and increased one-off gifts from our 850th celebrations.

On the expenditure front, one of the changes made for 2025 was to alter our expenditure categories to have a clearer picture of where we spend our money - which worked! Rather than having a 768% against misc costs, this year we only ha two categories over 200% of budget - gas (which we budgeted for against estimated bills which turned out to be wildly wrong) and meals - which the PCC decided they were happy for us to overspend on as an investment in fellowship at Central Church.

Many other expenses were up from 2024 - the sign of a growing church as we put on more events and activities to help people to encounter Christ. Whilst the finances are only a small part of what that work looks like, it is one piece of the puzzle. In 2025 we spent £3,211 on outreach events such as Alpha and Tower Tots, £6,277 on hospitality, £6,594 on discipleship, £7,247 on festivals (Christmas and Easter), gave £22,250 to mission partners, £55,125 to the parish to cover the costs of our vicar, spent £93,600 on our fabulous staff team*, £13,925 running the

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day-to-day, and £50,331 keeping the building warm, fitted out, and insured!

This meant the total expenditure for 2025 was £272,724, increasing our surplus and setting us up well for 2026 where we aim to hire further staff to help support and grow our work with under 18s. In order to be financially responsible with this goal in mind, we have created a new designated fund, with £43k being set aside to help cover staffing costs once we have new people in post. This should help smooth the increased expense as we wait in faith for our regular giving to match this increased outlay.

We also continue to set money aside to replace our more expensive assets when they’re no longer fit for purpose. By the end of 2025 we had £38,040 set aside in this manner.

A final notable pot of money is our reserves. Our reserves policy states that we should keep a minimum of 2 months’ staffing costs (~£10k) and 1 month’s operational costs (~£14k) set aside. We should also have no more than 6 months’ total costs (£144k or £110k excluding min reserves) in undesignated funds. At the end of 2025 we had £34k in reserves and £23,844 in free reserves.

*Welcoming Gen to the team as Operations Assistant as we said thank you for Fiona when she moved onto a new role. And expanding the team, adding Clare as Operations Manager, and Kathryn as Ministry Assistant.

Electoral Roll

Following the review of the electoral roll in 2025 as well as in year additions and removals, the Electoral Roll of St Philip and St Jacob with Emmanuel at the end of 2025 stands at 68. The numbers in previous years were reported to be 68 in 2021; 47 in 2022 & 50 in 2023; 56 in 2024. The electoral roll is not considered an accurate portrayal of church membership and attendance in our context as many people choose not to join the electoral roll. According to the church database, we consider the current membership to be made up of roughly 160 adults and 48 children, in comparison to 102 adults and 28 children in 2024.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the

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charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This trustees annual report was approved by the Trustees on ................................................ and are signed on their behalf by:

…………………………………………………Revd. Tim Jones

Chair of PCC

…………………………………………………..

Karri Chandler Treasurer / Churchwarden

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Independent examiner's report to the trustees of PCC of the Ecclesiastical Parish of St Philip & St Jacob

I report to the trustees on my examination of the accounts of PCC of the Ecclesiastical Parish of St Philip & St Jacob (the Charity) for the year ended 31 December 2025

Responsibilities and basis of report

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

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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:

  1. Accounting records were not kept in respect of the Charity as required by section 130 of the Act;

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

  3. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed on 7/3/25 by:

Joshua Kingston, BSc (Hons) FCA Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR

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STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2025

Note
INCOME AND ENDOWMENTS FROM:		 Unrestricted
funds
Restricted
funds
Total funds
(2025)
Total funds
(2024)
Donations & Legacies
2a		 154,745
510
155,255
148,361
Trading Activities
2b		 103,818
0
103,818
106,396
Investments
2c		 336
815
1,151
1,141
Charitable Activities
2d
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities		 20,594
0
20,594
6,344
279,493
1,325
280,818
262,242
Grants
3a		 22,250
0
22,250
25,070
Direct activities
3b
TOTAL EXPENDITURE
Investment Gains (or Losses)
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
5		 247,720
2,699
250,419
201,334
269,970
2,699
272,669
226,404
0
(515)
(515)
288
9,523
(1,889)
7,634
36,126
0
0
0
0
9,523
(1,889)
7,634
36,126
144,108
25,048
169,156
133,030
153,631
23,159
176,790
169,156

See Note 10 for fund-accounting comparative figures

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BALANCE SHEET AT 31 DECEMBER 2025

Note
FIXED ASSETS		 2025
2024
Tangible assets
6a		 6,456
3,580
Investments
6b
CURRENT ASSETS		 12,364
12,879
18,820
16,459
Debtors
7		 11,941
13,135
CBF deposits 10,590
10,016
Cash at bank and in hand 166,795
157,813
LIABILITIES
Amounts falling due within one year
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Net current assets / (liabilities)
NET ASSETS
FUNDS		 189,326
180,964
(31,356)
(28,267)
157,970
152,697
176,790
169,156
Unrestricted funds
9		 153,631
144,108
Restricted funds
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TOTAL FUNDS		 23,159
25,048
176,790
169,156

The financial statements were approved by the Trustees on ................................................ and are signed on their behalf by:

………………………………………………… Revd. Tim Jones Chair of PCC

………………………………………………….. Karri Chandler Treasurer / Churchwarden

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NOTES TO THE ACCOUNTS For the year ending 31 December 2023

1 Accounting policies

The financial statements have been prepared in accordance with the historical cost convention (except for investments which have been included at fair value and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity meets the definition of a public benefit entity under FRS 102. The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern as there are no significant or longer-term liabilities; and the entity has significant net assets and reserves.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The PCC requires designated reserves equivalent to one month’s operational costs and two month’s staffing costs. They would expect total reserves (free and designated) to be no more than 6 months’ operations and staffing costs.

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

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1 Accounting policies (continued)

Income

Donations and legacies

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on gift aid donations is claimed when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Other trading income

Rental income from the letting of church premises is recognised when the rental is due.

Income from investments

Interest is accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on the valuation of investments at 31 December.

Expenditure

Grants

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

Direct activities

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is not a legal liability and is not provided for in these accounts and is not shown as a liability in the Balance Sheet.

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1 Accounting policies (continued)

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficial property is excluded from the accounts by s10(2)(c) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used within the church premises is written off on acquisition if it has purchase cost of £1,500 or less.

Otherwise equipment is depreciated using a reducing balance of 25% per annum.

Investments

Investments are stated at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents, loans or other income are shown as debtors less provisions for amounts that may prove non-collectible. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

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Unrestricted funds Restricted funds Total funds (2025)

Unrestricted funds
Restricted funds Total funds (2025)
2. INCOME FROM (current year)
2a Donations & Legacies
Regular giving 130,197
510
130,707
Legacies 0
0
0
Collections 1,711
0
1,711
Gift Aid
2b Trading Activities		 22,837
0
22,837
154,745
510
155,255
Car parking 99,172
0
99,172
Lease of space in churchyard 0
0
0
Use of church premises 4,646
0
4,646
2c Investments
Bank Interest
2d Charitable Activities		 103,818
0
103,818
336
815
1,151
Church events 8,972
0
8,972
Grants 11,041
0
11,041
PCC fees 581
0
581
20,594
0
20,594
2 INCOME FROM (previous year)
2a Donations & Legacies		 Unrestricted funds
Restricted funds Total funds (2024)
Regular giving 122,880
1,370
124,250
Legacies 0
0
0
Collections 2,259
0
2,259
Gift Aid
2b Trading Activities		 21,852
0
21,852
146,991
1,370
148,361
Car parking 82,888
0
82,888
Lease of space in churchyard 14,100
0
14,100
Use of church premises 9,408
0
9,408
2c Investments
Bank Interest
2d Charitable Activities		 106,396
0
106,396
281
860
1,141
Church events 5,773
0
5,773
Grants 517
0
517
PCC fees 54
0
54
6,344
0
6,344

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3. EXPENDITURE ON (current year)

Unrestricted funds Restricted funds Total funds (2025)

3. EXPENDITURE ON (current year)
Unrestricted funds Restricted funds
Total funds (2025)
3a Grants
Grants to mission personnel
Sam and Anna Pollard 6,500
0
6,500
Ambassadors' Football (M Bateman) 6,500
0
6,500
Roscoe Crawley 3,000
0
3,000
Grants to other institutions
SOMA UK 2,000
0
2,000
InHope 2,000
0
2,000
EMI 2,000
0
2,000
Non-material grants 250
0
250
3b Direct activities 22,250
0
22,250
Diocesan parish share 55,125
0
55,125
Staff wages 85,779
0
85,779
Staff expenses 3,993
0
3,993
Clergy expenses 891
0
891
Employer pension costs 1,981
0
1,981
Ministry costs 27,048
1,479
28,527
Stationery and office costs 12,750
0
12,750
Building running costs 41,868
0
41,868
Building upkeep and professional fees 16,114
1,220
17,334
Depreciation and losses on disposal 1,051
0
1,051
Independent examiner remuneration 1,120
0
1,120
247,720
2,699
250,419

18

3. EXPENDITURE ON (previous year)

Unrestricted funds Restricted funds Total funds (2024)

3. EXPENDITURE ON (previous year)
Unrestricted funds Restricted funds
Total funds (2024)
3a Grants
Grants to mission personnel
Jonathan and Annabelle Last 6,000
0
6,000
Ambassadors' Football (M Bateman) 6,000
0
6,000
Luke and Tara Joyner 6,000
0
6,000
Grants to other institutions
Beloved 2,000
0
2,000
SOMA UK 2,000
0
2,000
InHope 3,000
0
3,000
Non-material grants
3b Direct activities		 70
0
70
25,070
0
25,070
Diocesan parish share 52,500
0
52,500
Staff wages 58,003
494
58,497
Staff expenses 1,541
0
1,541
Clergy expenses 743
0
743
Employer pension costs 1,637
0
1,637
Ministry costs 27,937
1,505
29,442
Stationery and office costs 12,456
0
12,456
Building running costs 18,868
0
18,868
Building upkeep and professional fees 13,174
9,059
22,233
Depreciation and losses on disposal 2,193
0
2,193
Independent examiner remuneration 1,224
0
1,224
190,276
11,058
201,334

4. STAFF COSTS

4. STAFF COSTS
2025
2024
Wages and salaries 85,779
58,497
Pension costs 1,981
1,637
Employer's National Insurance costs 0
0
87,760
60,134

No employee received emoluments of more than £60,000 The average weekly number of employees during the year was 6 (2024: 3) calculated on the basis of average headcount.

No expenses were paid to any of the trustees for their service as trustees (2024: nil). The vicar was paid clergy expenses as stated in note 3b. The Associate Leader served as trustee during the year, in accordance with Section 7A of the Parochial Church Councils (Powers) Measure 1956. The total employment benefits received by trustees and key management personnel including employer national insurance and employer pension were £44,127 (2024: £42,213). The charity received donations totaling £27,740 (2024: £27,042) from 12 trustees and related parties.

19

5. MOVEMENT IN FUNDS

Restricted funds

Designated funds

There are designated funds that the PCC has established.

Restricted funds (Current year) Balance
at 1.1.25
Income Expense
Gains / (Losses)
on Investments Transfers
Balance at
31.12.25

0
Building and restoration fund 5,843
615
1,220
0
0
5,238
Rob Allan - capital 1,030
0
0
0
0
1,030
Rob Allan - interest 498
46
0
0
0
544
Charity Account (see note 6b) 2,595
664
1,479
0
0
1,780
Investment Fund (see note 6b) 12,879
0
0
(515)
0
12,364
Mission Giving
Total restricted funds
Unrestricted funds (Current
year)		 2,203
0
0
0
0
2,203
25,048
1,325
2,699
(515)
0
23,159
Asset replacement (Designated) 36,749
0
2,151
0
3,442
38,040
Mission support (Designated) 0
0
1,250
0
7,250
6,000
Reserves (Designated) 25,000
0
0
0
9,000
34,000
Building (Designated) 7,008
0
6,551
0
1,780
2,237
Staff salaries (Designated) 0
0
0
0
43,000
43,000
General funds
Total unrestricted funds		 75,351
279,493
260,072
0
(64,472)
30,300
144,108
279,493
270,024
0
0
153,577

20

5. MOVEMENT IN FUNDS (continued)

Restricted funds (Previous
year)		 Balance
at 1.1.24
Income Expense
Gains / (Losses)
on Investments Transfers
Balance at
31.12.24
Building and restoration fund 14,230
672
9,059
0
0
5,843
Rob Allan - capital 1,030
0
0
0
0
1,030
Rob Allan - interest 444
54
0
0
0
498
Charity Account (see note 6b) 3,090
1,010
1,505
0
0
2,595
Investment Fund (see note 6b) 12,591
0
0
288
0
12,879
Mission Giving 2,203
0
0
0
0
2,203
Staffing 0
494
494
0
0
0
Total restricted funds
Unrestricted funds (Previous
year)		 33,588
2,230
11,058
288
0
25,048
Asset replacement (Designated) 31,531
0
0
0
5,218
36,749
Mission support (Designated) 3,000
0
3,000
0
0
0
Reserves (Designated) 20,000
0
0
0
5,000
25,000
Building (Designated) 0
0
0
0
7,008
7,008
General funds 44,911
260,012
212,346
0
(17,226)
75,351
Total unrestricted funds 99,442
260,012
215,346
0
0
144,108

6. FIXED ASSETS

6a Tangible assets

Furniture, fittings and equipment

Furniture, fittings and equipment
Cost and valuations
1st January 2025 23,350
Additions 3,928
Disposals (2,078)
31st December 2025
Depreciation		 25,200
1st January 2025 (19,771)
Disposals 1,870
Charge for year (843)
31st December 2025
Net book values
At 31st December 2025
At 31st December 2024		 (18,744)
6,456
3,580

21

6. FIXED ASSETS (continued)

6b Investments

Many small stock holdings were consolidated into an investment that represented the principal aims of the bequests - relief of the poor. The Trustees of these funds are the Vicar and Churchwardens in office.

There are two other investments held by the Bristol Diocesan Board of Finance Limited as Custodian Trustee. One is for the relief of the poor, the other for maintenance of the church building. All three are invested at the Central Board of Finance.

The dividends for the maintenance of the building are credited to the Building and Restoration Fund. Those for the relief of the poor are credited to the Charity Account, which is managed by the Church Treasury on behalf of the Trustees.

Market value
2025
2024
Trust 65 (Poor of the parish);
DBF custodian trustee 121 CBF investment shares		 2,686
2,798
Trust 238 (Chancel repairs);
DBF custodian trustee 223 CBF investment shares		 4,950
5,156
Mary Cannington charity (Relief of the poor);
DBF custodian trustee 213 CBF investment shares		 4,728
4,925
12,364
12,879

Movement in investments during the year

2025
2024
Balance at 1 January 12,879
12,591
Unrealised gains for the year
Balance 31 December		 (515)
288
12,364
12,879

22

7. DEBTORS and PREPAYMENTS

2025
2024
2,971
3,213
0
363
0
3,066
7,420
6,493
750
0
800
0
11,941
13,135
Income tax recoverable
Invoices outstanding
Car Parking Nov Revenue
Car Parking Dec Revenue
Uncleared donations
Prepayments - New wine tickets

8. LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
0
0
22,000
25,000
4,250
0
3,195
2,156
0
963
1246
148
665
0
31,356
28,267
Tax and NI
Mission grants
Mission grants - previous year
Trade creditors
Utilities
Accruals
Deferred income

.

9. ANALYSIS OF NET ASSETS BY FUND

Current year Unrestricted
(General)
Unrestricted
(Designated)
Restricted
Total
Tangible assets 6,456
0
0
6,456
Investments 0
0
12,364
12,364
Current assets 54,004
124,527
10,795
189,326
Current liabilities
Previous year		 (30,106)
(1,250)
0
(31,356)
30,354
123,277
23,159
176,790
Unrestricted
(General)
Unrestricted
(Designated)
Restricted
Total
Tangible assets 3,580
0
0
3,580
Investments 0
0
12,879
12,879
Current assets 97,038
71,757
12,169
180,964
Current liabilities (25,267)
(3,000)
0
(28,267)
75,351
68,757
25,048
169,156

23

10. SOFA FUND ANALYSIS COMPARATIVE FIGURES

INCOME AND ENDOWMENTS FROM: Unrestricted
funds
Restricted
funds
Total funds
(2024)
Donations and legacies 146,991
1,370
148,361
Trading Activities 106,396
0
106,396
Investments 281
860
1,141
Charitable Activities
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities		 6,344
0
6,344
260,012
2,230
262,242
Grants 25,070
0
25,070
Direct activities
TOTAL EXPENDITURE
Gains/(losses) on investments
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 190,276
11,058
201,334
215,346
11,058
226,404
0
288
288
44,666
(8,540)
36,126
0
0
0
44,666
(8,540)
36,126
99,442
33,588
133,030
144,108
25,048
169,156

11. RELATED PARTY TRANSACTIONS

There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements

24