2025-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St. Mary's, Olveston

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Trustees Annual Report for the Parochial Church Council of St Mary’s Church Olveston 2025

1 Aims and purposes

St Mary’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, Reverend David Moss, in promoting the parish with the whole mission of the Church - pastoral; evangelistic; social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church building of Saint Mary’s, Church Hill Olveston.

2 Objectives and activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Olveston. The PCC maintains an overview of worship throughout the parish and make suggestions on how our services and activities can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, Music and sacrament. When planning our activities for the year, we have considered the commissions guidance on public benefits and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through-

Worshipping God through Worship services and prayer;
Growing their Faith through learning about the gospel; and developing their knowledge and trust in Jesus
Serving others through the provision of pastoral care for people living in the parish.

To facilitate this work it is important that we both maintain the fabric of Saint Mary's Church and consider any adaptations to the interior of the Church which might better support the increasingly wide range of activities being undertaken and fulfilment of these objectives.

The objective for Saint Mary's are the same as those for the other four parishes in within the north south side benefits and it follows that some of these activities are undertaken on a shared basis.

Electoral Roll, Attendence, Baptisms, Confirmations, Funerals and Weddings

Sta$s$c	2018	2019	2020	2021	2022	2023	2024	2025
No. on Electoral Roll	191	125	145	145	141	139	133	76
Sunday Adult A?endance	85	65			59	40	40	45
Sunday Under 16 A?endance	6	1			0	0	0	0
No. of Bap$sms	5	4	2	1	9	13	13	13
No. of Confrma$ons	0	0	0	0	0	0	0	0
No. of Funerals	11	17	10	8	13	10	15	14
No. of Weddings	3	2	1	4	5	3	2	3

3 Achievements and performance

3.1 Worshipping God

The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. For example, Wednesday morning communion and Sunday evening services provide a time for quiet reflective worship, while opportunities are provided for people to engage in more outgoing worship such as that provided by the Refresh group which meets on a Saturday within our Church.

This year we have increased the number of Messy Church services and continued to grow the links between them and the Refresh group.

We have continued to work hard to emphasise our stewardship of God ’s creation and work to meet the challenge of being carbon neutral by 2030. The Greenforce team meets regularly and publishes articles and papers in local magazines. We also hold occasional services focused purely on improving our Green credentials. We continue to explore recycling opportunities; work with young people and lobby government departments. We have contributed to the Olveston Parish Council's “Climate and Nature Action Plan” and were heavily involved with their Spring Into Action Day during March 2025.

3.2 Growing their Faith

We undertook several initiatives focused on growing faith.

During Lent we studied the Pilgrim's Progress book. This was organised as a book club event. This different approach attracted a higher number of people than in previous years and was very much enjoyed by all who participated.

Bible Study. Members of the congregation continued to support a village Bible Study group which takes place in the home of one of the congregation and which is attended by about eight people each week.

Away day. In September a large group of people from the congregation organised and attended an event at a church in Cheltenham where the newly elected Archdeacon attended. There was a great deal of Bible study and also some Bible related craft experiences designed to build fellowship and work in a different environment. This proved extremely popular and more events will be planned during 2026.

Open the book . Several members of Saint Mary's congregation attend Olveston Primary School weekly, delivering dramatised Bible stories, including role play and participation of the children, as they learn more about the life of Christ. The number of people available to help with this has reduced, however this means that the children now need to get more involved in the role-play and we have been surprised by how this opportunity has been grasped eagerly and the children really look forward to getting involved.

3.3 Serving Others

The pastoral care/support group meets regularly with two Methodist members; three from Saint Mary's and one member from The Vine. At Easter and Christmas small gifts and cards are delivered to 25 parishioners.

In 2025, we introduced the Big Breakfast. This is a three monthly, Saturday morning event to which all parishioners are invited for a free full English breakfast. This is proved very popular especially for those who have been living on their own, who have really appreciated the chance for company and chat in a warm friendly environment.

In December we once again welcomed the Salvation Army Brass Band from Easton in Bristol . They performed a concert linked with a toy service where parishioners can bring along toys to contribute to the salvation armies Christmas efforts to provide disadvantaged children with at least one nice new toy. The village supports this annual concert with the Church being quite full and a substantial number of new toys being donated .

Also in December we showed the Phil Redmond version of “The Nativity” which was well attended.

In September we welcomed the Bristol Concert Orchestra who provided a concert for the church. This has become a popular annual event which we plan to continue as it attracts more people into the Church.

Weekly Coffee Mornings . On Thursday mornings, volunteers from Saint Mary's host a coffee shop in the church. It is regularly supported by parishioners and, particularly, welcomes parents who have dropped their children off at the local school. This attracts people into the church who are not normal Church attendance but we see as a service to the parish.

The Monday Movie Club continues on the first Monday of each month. It is a free event for all parishioners to attend where a selection of well known or new films are shown. Although this is a free contribution to the village life people generally donate as a thank you for the provision and upkeep of the church.

Church Summer Fete This annual event is held in the Road outside the Church, in the church grounds and also within the Church Building. It continues to enjoy very high support from the local villages.

4 Deanery Synod

One member of the PCC sits on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. This year the PCC has also focused its attention on the questions posed to parishes in the deanery about the most effective deployment of stipendry and nonstipendry clergy. The Deanery Synod’s report is appended to this document

5 Church Building

Vision for 2025 was; Continue investigation of condition of main nave and side aisles roofs, planning major overhaul in next few years. Continue to support developer proposal for a new graveyard off Elberton Road.

Regular roof inspection , gutter clearance and occasional slate/tile replacement continued using established roofer. No major failures. Prospect of major repairs in a few years time remains.
Developer, Newland Homes , continued to assemble a planning application for the site and met PCC representatives to clarify what PCC’s essential requirements for a graveyard would be. Further assurances about future graveyard ownership and development costs was being sought by PCC and would be considered by Newland Homes. Clear statement received from Bristol Diocese about essential precursors for consecration of the land.

5.1 SMO Bells restoration project

Expert reports and first estimates of cost of work received from two established bellhangers, Nicholson Engineering, Whites of Appleton and Bristol DAC bells adviser also prepared a report and all three recommended virtually the same issues and cures. Needed to restore the bells, (still in fine condition) and their support and heavy ringing machinery (installed in 1907) now long past the point where much of it needs replacement. PCC supported the restoration in principle and authorised a team to pursue accurate costs, seek faculty permission from Bristol Diocese and raise funds locally and from charities to undertake the work.

5.2 Small Pew re-ordering

The trial continued and a small pew was moved from the rear of the North aisle to the South wall prayer corner. This enabled better storage of stackable stage, stackable chairs and folding tables. Surplus pews are still held at the Elms farm pending disposal. St Helen’s continues its trials with 2 x SMO long pews and surplus altar rails.

5.3 Routine Maintenance

The church suffered a number of large electrical surges which disabled automatic control clocks on lighting. These had to be renewed and a surge protection device was fitted.
Trees in the churchyard were damaged by high winds and fallen wood removal and making safe was carried out by Bamfields, tree surgeons. Volunteer mowers continue to keep the churchyard trimmed for visitors.
Church carpets are routinely cleaned by a professional cleaner. Volunteers continue to do a great job Spring cleaning and polishing other fixtures and fittings.

Vision for 2026 is develop the Bells restoration project to a fully specified and costed project approved by PCC and a Faculty obtained from Bristol Diocese. Proceed with local fundraising and grant applications to charities to enable a start date to be set with chosen contractor.

Continue to support graveyard extension on Elberton Road via developers Newland Homes.

Keep watching brief on main roofs for signs of sudden deterioration.

Building projects, Repairs and Maintenance Expenditure

Work Undertaken	2018	2019	2020	2021	2022	2023	2024	2025
	(£)	(£)	(£)	(£)	(£)	(£)	(£)	(£)
Minor Repairs and Maintenance	917	1,052	1,583	4,460	3,516	1,997	8,477	8,192
Major Repairs and Projects	18,064	9,342	483	167,039	37,716	54,067	11,077	0

6 Financial review

Total income in 2025 was £122,196, of which £89,131 was unrestricted. This includes £10,873 as Gift Aid and £1,332 in top-ups under the Gift Aid Small Donations Scheme.

Total expenditure was £96,651, of which £88,148 was unrestricted.

Unrestricted general purposes income was £72,342 in 2025, a reduction of £6,679 (8.5%) compared with 2023. The reduction was associated predominantly with parochial fees (a reduction of £2,016 or 29%), fundraising activities (a reduction of £1,738 or 36%) and one-off donations (a reduction of £963 or 39%). There was also a reduction of £635 (1.5%) in planned giving by standing order or the weekly envelope scheme. At the end of 2025 there were 61 planned givers, a reduction of 3 compared with the position at the end of 2024.

Unrestricted general purposes expenditure was £82,773, which is £942 (1.1%) lower thanin 2024. There were two substantial reductions in expenditure in 2025 compared with 2024, one relating to churchyard maintenance costs (a reduction of £2,484 or 70%) and the other (£1,777) relating to payments made to the Family Worker in the first two months of 2024, prior to her resignation. However, these reductions were offset to a large extent by increases of (a) £1,082 in payments made to the cleaner (the full year effect of her appointment in November 2024), (b) £783 (2%) in Parish Share, (c) £760 (or 9%) in utilities, and £784 (14%) in administration costs.

As a consequence of the above, general purposes expenditure exceeded income by £10,431 in 2025. However, when between-fund transfers are taken into account (including £5,000 transferred from the Friends of St Mary’s), the general purposes fund displayed an in-year deficit of £6,674 in 2025.

As far as the Fabric Fund is concerned, no major projects were undertaken in 2025 and no expenditure was incurred in 2025. Income of £21,485 was received in 2025, including a most generous donation of £15,000, and interest of £4,635 from the CBF Church of England Deposit Fund investment.

Outward giving donations totalling £5,722 were made in 2025 to 8 different causes (see Note 3a of Annual Accounts for details). These included £2,000 to the Aanandit Charity in Nepal, from the proceeds of a Murder Mystery fundraising event, and £840 to One25 from the Lent Appeal.

Reserves policy

It is PCC policy to maintain (where possible) a balance on unrestricted general purposes funds (free reserves) equating to approximately 6 months’ unrestricted general purposes payments. The purpose of this is to ensure that there are sufficient funds held to smooth out fluctuations in cash flow, and to meet emergencies. Average annual expenditure over the last 4 years was £78,000 and so the target for free reserves is £39,000. At 31 December 2025 the balance of the free reserves was £36,945, which is close to the 6-month target. However, St Mary’s faces some significant financial challenges in the future, given the age profile of our congregation and regular givers, and it should be noted that annual income from planned giving has reduced by 19% (£10,000) over the last 6 years, at time when utility costs have increased by 64% (£3,700) and insurance by 37% (£1,200).

The Vision Fund is an unrestricted fund, designated by PCC for projects and purchases relating to the vision of the church, and is sourced predominantly by legacies. At 31December 2025 following receipt of two legacies totalling £2,000 in 2025 there was a balance of £87,398, of which £5,000 has been earmarked by PCC for projects aimed at1engaging younger generations. In addition, PCC is also considering other projects to which funds could be allocated, including the provision of additional burial grounds, as very little burial space now remains within the churchyard, and the restoration of the church bells.

The Church Fabric Fund is the main restricted fund held by St Mary’s. At 31 December 2025 there was a balance of £169,150.

It is PCC policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund.

Funds held as custodian trustees on behalf of others

For a number of years, St Mary’s has held restricted funds on behalf of the Severnside Group of Churches. These funds represented donations originally made towards the costs of employing a youth worker. However, this project has since been abandoned and it was agreed that 50% of the funds should be re-designated towards supporting Youth Choirs within the North Severnside Benefice. At 31 December 2025 the total balance was £1,533, with £1,270 remaining assigned to the Severnside Group of Churches, and £263 available for supporting the Youth Choirs.

Going Concern

The trustees have considered the impact of the Covid pandemic on the charity’s current and future financial position. Although the impact is now much less the charity will continue to take the following steps: • Regularly monitoring its financial position;

• Providing our congregation with a range of alternative methods of giving (e.g. by standing order, donations using online banking, online giving page, contactless payment device);

• Critically examining all areas of expenditure and identifying where savings can be

made. The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:

The charity holds unrestricted general reserves of £36,945, representing just under
6 months of unrestricted general purposes expenditure.

• Income (including Gift Aid) from planned giving accounts for 72% of our total general purposes income. We are confident that the vast majority of this income will continue to be received as 94% of planned giving is by standing order.

The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in Note 1(g) to the financial statements.

7 . Volunteers

We are very grateful and would like to thank all those who give their valuable time to enrich our services and our Church. St Mary’s Olveston is very fortunate in having a large number of volunteers to ensure all activities undertaken by the Church are successful and we would like to thank all them. Under normal circumstances, people help in many ways including:

the daily cleaning of the Church - in 2024 a church cleaner was appointed, although some members also help keep the church tidy
The voluntary churchyard maintenance team of 10 continued their splendid work keeping the grounds in excellent condition, including areas allocated to wild flowers and observing no-mow areas as advised by the Greenforce group.
provision and arranging of flowers in the Church by a team of 13 volunteers.
moving chairs and erecting staging for events
catering after weekly services and at large events
safety inspections
manning the equipment for Movie Club
and many more small jobs to numerous to mention.

Friends of St Mary’s

We are very grateful for the work of Friends of St Mary’s, who have supported the church through fundraising activities for over 25 years. Over £100,000 has been donated in that time

In 2024 we were especially grateful that once again they donated £5,000 into Church funds. They also funded the Christmas tree for the church.

8 Vicar’s Annual Report 2025

I want to start this APCM by thanking you all for the love, support, care, and financial help you give to St. Mary’s. As your Vicar, my main goal is to help St. Mary’s develop into a warm and lively community. The APCM report highlights many new and exciting projects happening at St. Mary’s, and I am truly grateful for them. Over the past eight years, the Parochial Church Council (PCC) and I have agreed that having a dedicated focal minister is vital for our church’s growth and that such a person would help to weave these projects into the life and worship of the church.

The journey towards appointing a Focal Minister has been fraught with considerable challenges. These include a reduction in clergy deployment across rural parishes, the consolidation of several parishes into a single Benefice managed by one stipendiary priest, the sale of Rural Vicarages, the unexpected early retirement of the previous associate vicar, and unfortunate mismanagement, which led to the loss of an application for a curate and ongoing uncertainty regarding future support for the Benefice.

In mid-2025, Revd. David Lloyd kindly offered to become our Associate Vicar. However, the Archdeacon was concerned about making this appointment before the new Diocesan Bishop arrives. Instead, the Archdeacon suggested that the PCC could appoint Rev David Lloyd as a trustee and approve him as Chair, without going through the Diocesan process.

Our joy this year has been saddened by the loss of a few familiar church faces: Linda and Pauline, whose choir singing contributed so much to the life and worship of the church, and Richard Lloyd, for his support and encouragement to the Greenforce Group. May those who rest in peace rise in glory.

Thank you everyone, for all you do

8 Administrative information

St Mary’s Church is situated at 2, Church Hill, Olveston, South Gloucestershire, BS35 4BX. It is part of the Diocese of Bristol within the Church of England. The correspondence address is The PCC Secretary, 16 Ley Lane, Olveston BS35 4DG.

The Vicarage is in Alveston, and the contact details are:

St Helen’s Vicarage, Gloucester Road, Alveston, Bristol BS35 3QT,

Tel. 01454 415190, Mob. 0789 0262 334 or email: mossds@gmail.com.

The website: https://www.sthelensalvs.co.uk/stmarys/about/ and the recently established North Severnside Facebook are important means through which the church communicates its activities with the community.

The Parochial Church Council (PCC) is a charity registered with the Charity Commission:- number: 1134397.

PCC members who have served during 2023 and until the date report was approved are:

Role on PCC	Name	Date of Election
Priest in Charge	Rev David Moss	2nd November 2017
Wardens
Churchwarden	Mrs Debbie Harries	24th May 2023
Churchwarden	Mrs Sue Farr	24th May 2023
Deanery Synod
Deanery Synod Rep	Mrs Sue Farr	24th May 2023
Elected Members
PCC Treasurer	Dr David Prothero	28th May 2023
PCC Secretary	Mr Bernard Amos	28th April 2024
PCC representative	Dr Michael Wright	28th May 2023
PCC representative	Mrs Stephanie Fairhead	28th May 2023
PCC representative	Dr David Shaw	28th May 2023
PCC Representative	Mr Phil Savage	28th May 2023
PCC Representative	Mr Lindsey Henniker-Heaton	28th April 2024
Ex Officio Members	Rev Ann Lloyd
	Rev Lady Helen Webb
	Rev David Bone

St Mary the Virgin, Olveston, with Aust

Annual Accounts 2025

1. Introduction

The purpose of this report is to present, for PCC approval, the Annual Accounts for 2025 for St Mary the Virgin Olveston with Aust.

2. Annual Accounts 2025

2.1. Basis of Preparation

The Annual Accounts for 2025 for St Mary the Virgin Olveston with Aust are presented in Appendix 1.

The accounts have been prepared on an accruals basis, in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice for accounting and reporting by charities (SORP) (FRSSE) 2015, issued in May 2014.

The accounts for St John’s, Aust have been included in order to meet the Diocesan requirement to produce an integrated set of accounts for Olveston with Aust. The Aust accounts were approved by Aust DCC at its meeting on 24th February 2026.

Although PCC is required to approve the integrated set of accounts, it is recognised that PCC members will be more familiar with the Olveston accounts, and as a consequence a separate set of accounts for Olveston alone is provided in Appendix 2, for information only.

The accounts comprise the following:

A Balance Sheet (page 1) showing the assets, liabilities and funds
A Statement of Financial Activities (SOFA) (page 2) for the year showing a broad breakdown of all income received and all expenditure incurred
Supplementary notes explaining the accounting policies adopted (Note 1) and more detailed breakdowns (Notes 2 – 11) of the information contained in the accounting statements referred to above.

2.2. Independent Examination

Subject to approval of the integrated set of accounts for St Mary the Virgin Olveston with Aust by PCC, the accounts will be submitted for scrutiny by our Independent Examiner. Should any minor issues be identified, the Independent Examiner recommends that the Chair of Finance and Buildings should be authorised to approve the changes on PCC’s behalf.

2.3. Trustees’ Annual Report 2025

In accordance with the requirements of the Church of England and the Charity Commission, St Mary’s PCC must produce a Trustees’ Annual Report for 2025. Several sections of this report relate to financial issues and drafts of these are presented in Appendix 3, including the ‘Financial Review’ which provides a commentary on St Mary’s financial position for 2025.

3. Recommendation

PCC is requested to:

Approve the 2025 accounts for St Mary the Virgin Olveston with Aust (Appendix 1), for scrutiny and sign-off by the Independent Examiner, prior to their presentation at the Annual Parochial Church Meeting on 26th April 2026.

David Prothero, 9th March 2026

Treasurer, St Mary the Virgin Olveston, with Aust

Appendix 1 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

BALANCE SHEET as at 31 DECEMBER 2025

Note FIXED ASSETS Investment Assets (Endowment) 4 CURRENT ASSETS Debtors 6 Short Term Deposits 8 Cash at Bank 9 CURRENT LIABILITIES Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL NET ASSETS FUNDS Unrestricted 5 Restricted 5 Endowment 5	2025 £ 100,334 100,334 7,109 293,964 39,329 340,402 5,727 334,676 435,010 143,517 191,159 100,334 435,010		2024 £ 104,512
			104,512
			41,715 232,092 40,393
			314,201
			2,940 311,261
			415,773
			145,914 165,347 104,512
			415,773

Approved by the Parochial Church Council on the 12th day of March 2026 and signed on its behalf by Revd David Moss (PCC Chair).

…………………………………………………. ……………………………

The notes on pages 3 to 10 form part of these accounts

Page 1

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 60,521 1,751 0 62,272 64,190 Voluntary Income - Donations 2b 1,582 18,803 0 20,385 7,043 Income from Church Activities 2c 11,076 0 0 11,076 12,242 Gross Income from Events & Activities 2d 15,255 6,035 0 21,290 21,808 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 6,071 5,485 2,904 14,459 14,276 TOTAL INCOMING RESOURCES 96,504 32,073 2,904 131,482 160,203 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 225 4,584 0 4,809 4,990 Ministry 3b1 45,699 0 0 45,699 46,251 Church Running Expenses 3b2 39,702 0 0 39,702 39,235 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 NET INCOMING RESOURCES BEFORE TRANSFERS -3,044 23,546 2,904 23,406 40,922 TRANSFERS BETWEEN FUNDS 638 2,266 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -2,397 25,812 -4,178 19,237 43,186 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 145,914 165,347 104,512 415,773 372,587 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 143,517 191,159 100,334 435,010 415,773	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 60,521 1,751 0 62,272 64,190 Voluntary Income - Donations 2b 1,582 18,803 0 20,385 7,043 Income from Church Activities 2c 11,076 0 0 11,076 12,242 Gross Income from Events & Activities 2d 15,255 6,035 0 21,290 21,808 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 6,071 5,485 2,904 14,459 14,276 TOTAL INCOMING RESOURCES 96,504 32,073 2,904 131,482 160,203 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 225 4,584 0 4,809 4,990 Ministry 3b1 45,699 0 0 45,699 46,251 Church Running Expenses 3b2 39,702 0 0 39,702 39,235 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 NET INCOMING RESOURCES BEFORE TRANSFERS -3,044 23,546 2,904 23,406 40,922 TRANSFERS BETWEEN FUNDS 638 2,266 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -2,397 25,812 -4,178 19,237 43,186 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 145,914 165,347 104,512 415,773 372,587 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 143,517 191,159 100,334 435,010 415,773	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 60,521 1,751 0 62,272 64,190 Voluntary Income - Donations 2b 1,582 18,803 0 20,385 7,043 Income from Church Activities 2c 11,076 0 0 11,076 12,242 Gross Income from Events & Activities 2d 15,255 6,035 0 21,290 21,808 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 6,071 5,485 2,904 14,459 14,276 TOTAL INCOMING RESOURCES 96,504 32,073 2,904 131,482 160,203 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 225 4,584 0 4,809 4,990 Ministry 3b1 45,699 0 0 45,699 46,251 Church Running Expenses 3b2 39,702 0 0 39,702 39,235 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 NET INCOMING RESOURCES BEFORE TRANSFERS -3,044 23,546 2,904 23,406 40,922 TRANSFERS BETWEEN FUNDS 638 2,266 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -2,397 25,812 -4,178 19,237 43,186 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 145,914 165,347 104,512 415,773 372,587 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 143,517 191,159 100,334 435,010 415,773
	Funds Funds Funds 2025 £ £ £ £ 60,521 1,751 0 62,272 1,582 18,803 0 20,385 11,076 0 0 11,076 15,255 6,035 0 21,290 2,000 0 0 2,000 6,071 5,485 2,904 14,459	2024 £ 64,190 7,043 12,242 21,808 40,644 14,276
	96,504 32,073 2,904 131,482	160,203
	0 1,138 0 1,138 225 4,584 0 4,809 45,699 0 0 45,699 39,702 0 0 39,702 6,572 0 0 6,572 7,350 2,805 0 10,156	1,412 4,990 46,251 39,235 5,788 21,605
	99,548 8,528 0 108,076	119,281
	-3,044 23,546 2,904 23,406 638 2,266 -2,904 0 9 9 -4,178 -4,178	40,922 0 -74 2,339
	-2,397 25,812 -4,178 19,237	43,186
	145,914 165,347 104,512 415,773	372,587
	143,517 191,159 100,334 435,010	415,773

The notes on pages 3 to 10 form part of these accounts

Page 2

Parochial Church Council of St Mary the Virgin, Olveston with Aust Registered Charity Number: 1134397

Notes on Financial Activities as at 31 December 2025

1) Accounting Policies

a) Basis of Preparation

Financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice for accounting and reporting by charities SORP (FRSSE) 2015, issued in May 2014. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

b) Incoming resources

Income is recognised when the PCC is legally entitled to the income. Planned giving, collections and donations are recognised when received. Tax recoverable on Gift Aid donations is recognised as soon as the amounts are claimable, as are top-up payments under the Small Donations Scheme. Recoveries of VAT under the Listed Places of Worship Grant Scheme are offset against the related expenditure, when the payments have been received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is quantifiable. Interest on investments is accounted for as it accrues.

c) Resources used

i) Charitable Grants and Donations (Outward Giving)

Grants and donations based on income received for specific charities are treated as restricted funds and the liability for payment is recognised when the amounts are received. Grants and donations made from unrestricted funds are recognised when determined by the PCC.

ii) Church Fabric

Significant projects related to the fabric of the church are funded from a specific restricted fund established for this purpose. Expenditure is generally recognised when it is incurred.

iii) All Other Expenditure

All other expenditure is generally recognised when it is incurred.

d) Funds

General purposes 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 and details of the funds held are provided in note 5.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 5.

Endowment funds, where the capital must be retained, are explained in note 5.

e) Reserves Policy

It is PCC policy to maintain (if possible) a balance on unrestricted general purposes funds, which equates to approximately 6 months’ unrestricted general purposes payments for both St Mary's Church and St John's Church, to cover emergency situations that may arise from time to time.

f) Fixed assets

i) Tangible

Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as ‘inalienable’ property and are not required to be accounted for in the PCC’s accounts.

All other tangible fixed assets have fully depreciated.

ii) Investments

Investments are valued at market value at 31 December. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year.

g) Going Concern Accounting Policy

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the COVID-19 pandemic had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £46,966 (£36,945 – St Mary’s Olveston, £10,021 – St John’s Aust). The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Page 3

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

2 INCOMING RESOURCES 2a Voluntary Income - Regular Giving Planned Giving Gift Aid income Gift Aid Income - tax recoveries Non Gift Aid income Alms Small cash donations scheme recoveries Wall Safe 2b Voluntary Income - Donations Donations Donations - Church Fabric Fund (Olveston) Donations- Graveyard Fund (Aust) Donations - tax recoveries Donations Fabric Fund - tax recoveries 2c Income from Church Activities Choir (Olveston) Coffee Shop (Olveston) Monday Movies (Olveston) Monday Movies - tax recoveries Monday Movies - SCDS top up Parochial Fees 2d Income from Events & Activities FOSM (Olveston) Fundraising Fundraising - tax recoveries Fundraising - SCDS top up 2e Legacies etc Legacies 2f Income from Investments CBF CoE FWT Inc A/c (1001D) (Olveston) CBF CoE Inv Fund Shares (1170S) (Olveston CAF Bank Current Account (Olveston) M&G Charibond Income Units (Olveston) CBF CoE Deposit Fund (Aust) TOTAL INCOMING RESOURCES	Unrestricted Restricted Endowment TOTAL FUNDS	Unrestricted Restricted Endowment TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ 41,730 662 42,392 10,435 165 10,601 2,771 115 2,886 4,397 647 5,044 1,099 162 1,261 88 0 88	2024 £ 43,064 10,777 3,601 5,324 1,327 96
	60,521 1,751 0 62,272	64,190
	1,555 1,324 2,879 16,480 16,480 450 450 28 179 206 370 370	3,966 1,710 440 611 315
	1,582 18,803 0 20,385	7,043
	700 700 1,579 1,579 1,781 1,781 107 107 163 163 6,747 6,747	500 2,027 1,535 111 134 7,935
	11,076 0 0 11,076	12,242
	10,423 10,423 4,832 5,761 10,594 114 114 160 160	10,265 11,256 103 185
	15,255 6,035 0 21,290	21,808
	2,000 2,000	40,644
	2,000 0 0 2,000	40,644
	5,637 4,635 10,272 ) 2,904 2,904 13 13 49 49 372 850 1,222	9,811 2,836 16 92 1,521
	6,071 5,485 2,904 14,459	14,276

	96,504 32,073 2,904 131,482	160,203

Page 4

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 225 4,584 4,809 4,990 225 5,722 0 5,947 6,402 3b1 Ministry Clergy expenses - parochial 1,900 1,900 1,913 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 1,777 Parish Share 42,167 42,167 41,334 45,699 0 0 45,699 46,251 3b2 Church Running Exp Altar Supplies 717 717 510 Bank Charges (Olveston) 60 60 86 Choir (Olveston) 177 177 312 Churchyard 2,974 2,974 5,388 Cleaner 1,470 1,470 388 Clock (Aust) 228 228 228 Flowers (Olveston) 200 200 200 Insurance 7,118 7,118 6,697 Miscellaneous 1,745 1,745 1,566 Organist (Olveston) 3,886 3,886 4,010 Organ Maintenance (Aust) 0 0 292 Repairs and Maintenance 10,644 10,644 9,927 Utilities 10,482 10,482 9,632 39,702 0 0 39,702 39,235 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall (Olveston) 156 156 156 Church Fabric (Olveston) 0 11,077 Coffee Shop 313 313 208 Event costs (non Fund R) 0 0 112 Fund Raising costs (Unrest) 451 451 890 Restricted event payments 2,780 2,780 2,479 FOSM (Olveston) 5,198 5,198 5,436 Monday Movies (Olveston) 380 380 201 New Equipment (Olveston) 0 0 96 Defibrilator Maintenance (Aust) 0 73 Subs and Donations 853 25 878 878 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 225 4,584 4,809 4,990 225 5,722 0 5,947 6,402 3b1 Ministry Clergy expenses - parochial 1,900 1,900 1,913 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 1,777 Parish Share 42,167 42,167 41,334 45,699 0 0 45,699 46,251 3b2 Church Running Exp Altar Supplies 717 717 510 Bank Charges (Olveston) 60 60 86 Choir (Olveston) 177 177 312 Churchyard 2,974 2,974 5,388 Cleaner 1,470 1,470 388 Clock (Aust) 228 228 228 Flowers (Olveston) 200 200 200 Insurance 7,118 7,118 6,697 Miscellaneous 1,745 1,745 1,566 Organist (Olveston) 3,886 3,886 4,010 Organ Maintenance (Aust) 0 0 292 Repairs and Maintenance 10,644 10,644 9,927 Utilities 10,482 10,482 9,632 39,702 0 0 39,702 39,235 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall (Olveston) 156 156 156 Church Fabric (Olveston) 0 11,077 Coffee Shop 313 313 208 Event costs (non Fund R) 0 0 112 Fund Raising costs (Unrest) 451 451 890 Restricted event payments 2,780 2,780 2,479 FOSM (Olveston) 5,198 5,198 5,436 Monday Movies (Olveston) 380 380 201 New Equipment (Olveston) 0 0 96 Defibrilator Maintenance (Aust) 0 73 Subs and Donations 853 25 878 878 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 225 4,584 4,809 4,990 225 5,722 0 5,947 6,402 3b1 Ministry Clergy expenses - parochial 1,900 1,900 1,913 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 1,777 Parish Share 42,167 42,167 41,334 45,699 0 0 45,699 46,251 3b2 Church Running Exp Altar Supplies 717 717 510 Bank Charges (Olveston) 60 60 86 Choir (Olveston) 177 177 312 Churchyard 2,974 2,974 5,388 Cleaner 1,470 1,470 388 Clock (Aust) 228 228 228 Flowers (Olveston) 200 200 200 Insurance 7,118 7,118 6,697 Miscellaneous 1,745 1,745 1,566 Organist (Olveston) 3,886 3,886 4,010 Organ Maintenance (Aust) 0 0 292 Repairs and Maintenance 10,644 10,644 9,927 Utilities 10,482 10,482 9,632 39,702 0 0 39,702 39,235 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall (Olveston) 156 156 156 Church Fabric (Olveston) 0 11,077 Coffee Shop 313 313 208 Event costs (non Fund R) 0 0 112 Fund Raising costs (Unrest) 451 451 890 Restricted event payments 2,780 2,780 2,479 FOSM (Olveston) 5,198 5,198 5,436 Monday Movies (Olveston) 380 380 201 New Equipment (Olveston) 0 0 96 Defibrilator Maintenance (Aust) 0 73 Subs and Donations 853 25 878 878 7,350 2,805 0 10,156 21,605 TOTAL RESOURCES USED 99,548 8,528 0 108,076 119,281 TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ ations (details next page) 1,138 1,138 225 4,584 4,809	2024 £ 1,412 4,990
	225 5,722 0 5,947	6,402
	1,900 1,900 1,632 1,632 0 42,167 42,167	1,913 1,228 1,777 41,334
	45,699 0 0 45,699	46,251
	717 717 60 60 177 177 2,974 2,974 1,470 1,470 228 228 200 200 7,118 7,118 1,745 1,745 3,886 3,886 0 0 10,644 10,644 10,482 10,482	510 86 312 5,388 388 228 200 6,697 1,566 4,010 292 9,927 9,632
	39,702 0 0 39,702	39,235
	333 333 1,168 1,168 354 354 3,783 3,783 320 320 613 613	552 953 188 3,162 320 613
	6,572 0 0 6,572	5,788
	156 156 0 313 313 0 0 451 451 2,780 2,780 5,198 5,198 380 380 0 0 t) 0 853 25 878	156 11,077 208 112 890 2,479 5,436 201 96 73 878
	7,350 2,805 0 10,156	21,605

	99,548 8,528 0 108,076	119,281

Page 5

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations St Mary's, Olveston Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 St John's, Aust Royal British Legion 75 75 50 Aust Village Hall Committee 150 150 0 225 0 0 225 50 Total 225 1,138 4,584 5,947 6,402 TOTAL	3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations St Mary's, Olveston Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 St John's, Aust Royal British Legion 75 75 50 Aust Village Hall Committee 150 150 0 225 0 0 225 50 Total 225 1,138 4,584 5,947 6,402 TOTAL	3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations St Mary's, Olveston Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 St John's, Aust Royal British Legion 75 75 50 Aust Village Hall Committee 150 150 0 225 0 0 225 50 Total 225 1,138 4,584 5,947 6,402 TOTAL
	0 1,138 4,584 5,722	6,352

	75 75 150 150	50 0
	225 0 0 225	50

	225 1,138 4,584 5,947	6,402

Page 6

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

Unrestricted Funds General Purposes DesignatedFunds Olveston Aust Vision Fund Choir Summer Ball FOSM £ £ £ £ £ £ 4 FIXED ASSETS Investment Assets (Endowment) FWT Inv Fund Shares (1170S) Tangible Fixed Assets 0 0 0 0 0 0 5 ANALYSIS of NET ASSETS by FUND Fixed Assets 0 0 0 0 0 0 Current Assets 39,361 11,434 87,398 2,626 450 6,098 Current Liabilities -2,416 -1,413 0 0 0 -20 Fund Balance 36,944 10,021 87,398 2,626 450 6,078	Restricted Funds	Restricted Funds
	Olveston	Aust
	Fabric Out Giv'g Sev'nside Churches	Facilities Music Fabric Graveyar d
	£ £ £	£ £ £ £
	0 0 0 169,150 1,859 1,533 0 -1,238 0	0 0 0 0 13,391 4,659 1,918 525 0 0 0 -640
	169,150 622 1,533	13,391 4,659 1,918 -115

Designated Funds (All St Mary's)

Vision Fund

This fund, sourced predominantly by legacies, was established by PCC to support developments relating to the implementation of St Mary's vision for the future, including initiatives aimed at developing a family friendly church. Of the balance at 31 December 2024, £5,000 is earmarked for projects aimed at engaging younger generations.

Choir Fund: This fund was established to provide funds to meet costs incurred by St Mary's Church Choir. Summer Ball: This fund was established to support fundraising by the Summer Ball organising committee. Friends of St Mary's: This fund was established in 1994 to support fundraising by the Friends of St Mary's.

Restricted Funds

St Mary's

Fabric Fund: Outward Giving:

This fund was established in 2011 to provide funds for St Mary's Church fabric projects.

This fund was established to support fundraising for a variety of specific causes or charities, excluding major biennial outward giving appeals. Money received is via donations or fundraising events.

Severnside Churches This fund is held on behalf of the Severnside Churches Group. Of the balance at 31st December 2024, £263 is earmarked to support Youth Choirs within the North Severnside Benefice. Youth Fund:

St John's

Facilities Fund: This fund supports the provision of essential facilities which are currently lacking within the church. The initial priorities are the provision of glazing within the tower to prevent heat loss, together with toilet and kitchen facilities. Plans are being developed. Music Fund: This fund comprises mainly money received from the 'Music in the Church at Aust' charity following its dissolution in 2015. Its purpose is to provide funds for use, at the discretion of the DCC, in promoting the appreciation of music both within the church and more generally within the local community.

Roof Fund: This fund was established to provide funds to enable the repair of St John's Church roof following the theft of lead, and is now used for the funding of ongoing maintenance of the church roof. Graveyard Fund: This fund was established in 2016 to provide funds specifically for the ongoing maintenance of the churchyard at St John's.

Endowment Fund (St Mary's)

Fred White Trust:

The endowment fund represents the investment made by the PCC of the bequest from the late Fred White. Under the terms of the trust the capital cannot be used by PCC, but the income from the investments can be used for the general purposes of the church and churchyard at the discretion of the PCC.

Page 7

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

6 DEBTORS Gift Aid recoveries Small cash donations scheme recoveries Prepayments and Accrued Interest VAT reclaimed Other debtors 7 LIABILITIES Amounts falling due within one year 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) M&G Investment Fund CBF CoE Dep Account (Aust) 9 CASH at BANK NatWest Current Account - (Olveston) CAF Bank Current Account (Olveston) NatWest Current Account - General (Aust) Choir a/c Summer Ball a/c Friends of St Mary's a/c	Unrestricted Restricted Endowment TOTAL FUNDS	Unrestricted Restricted Endowment TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ 2,272 357 0 2,629 1,021 273 0 1,293 137 0 0 137 1,000 0 0 1,000 1,969 81 0 2,050	2024 £ 3,126 1,350 629 290 36,319
	6,398 711 0 7,109	41,715
	3,849 1,878 0 5,727	2,940
	3,849 1,878 0 5,727	2,940
	105,254 159,368 0 264,622 0 0 0 0 9,133 20,208 0 29,342	201,947 2,025 28,120
	114,388 179,576 0 293,964	232,092
	13,018 8,605 0 21,623 3,007 3,958 0 6,965 1,519 186 0 1,706 2,489 0 0 2,489 450 0 0 450 6,098 0 0 6,098	23,600 5,362 3,058 1,966 450 5,958
	26,580 12,749 0 39,329	40,393

Page 8

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

10 RECONCILIATION OF MOVEMENT IN FUNDS

			Unrestricted Funds	Unrestricted Funds					Restricted Funds	Restricted Funds	Restricted Funds			Endow't	TOTAL	FUNDS
	General	Purposes		Designated	(Olveston)			Olveston			Aust			Funds	2025	2024
	Olveston	Aust	Vision	Choir	Summer	FOSM	Fabric	Out Giv'g	Sev'nside	Facilities	Music	Fabric	Graveyar
			Fund		Ball				Churches				d
	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£

BALANCES BROUGHT FORWARD AT	43,619	12,157	81,731	2,103	450	5,853	143,508	449	1,533	12,833	4,465	1,863	695	104,512	415,773	372,587
1 JANUARY 2025 (2024)
INCOME	72,342	7,373	5,667	700	0	10,423	21,485	8,676	0	558	194	81	1,080	2,904	131,482	160,203
EXPENDITURE	82,773	11,400	0	177	0	5,198	0	8,503	0	0	0	25	0	0	108,076	119,281
GAINS & LOSSES on INVESTMENTS
(Unrealised)	9		0	0	0	0	0	0	0					-4,178	-4,169	2,265
TRANSFERS BETWEEN FUNDS	3,748	1,890	0	0	0	-5,000	4,156	0	0				-1,890	-2,904	0	0
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2024 (2024)	36,945	10,021	87,398	2,626	450	6,078	169,150	622	1,533	13,391	4,659	1,918	-115	100,334	435,010	415,773

Page 9

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

11 CONTINGENT LIABILITIES

St John's, Aust

Aust District Church Council holds a small fund on behalf of the Committee responsible for the maintenance of the Aust Village defibrillator. At the 31st December 2025 the balance was £200. For simplfication of presentation this balance is included in the church's unrestricted fund balance within the accounts.

Page 10

Appendix 2

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

BALANCE SHEET as at 31 DECEMBER 2025

Note FIXED ASSETS Investment Assets (Endowment) 4 CURRENT ASSETS Debtors 6 Short Term Deposits 8 Cash at Bank 9 CURRENT LIABILITIES Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL NET ASSETS FUNDS Unrestricted 5 Restricted 5 Endowment 5	2025 £ 100,334 100,334 6,229 264,622 37,623 308,475 3,674 304,801 405,135 133,496 171,304 100,334 405,135		2024 £ 104,512
			104,512
			40,599 203,972 37,335
			281,906
			2,659 279,247
			383,759
			133,757 145,490 104,512
			383,759

Approved by the Parochial Church Council on the 12th day of March 2026 and signed on its behalf by Revd David Moss (PCC Chair).

…………………………………………………. ……………………………

The notes on pages 3 to 10 form part of these accounts

Page 1

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 57,127 1,138 0 58,266 59,823 Voluntary Income - Donations 2b 1,507 18,353 0 19,860 6,463 Income from Church Activities 2c 9,319 0 0 9,319 11,313 Gross Income from Events & Activities 2d 13,480 6,035 0 19,514 20,371 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 5,699 4,635 2,904 13,237 12,755 TOTAL INCOMING RESOURCES 89,131 30,161 2,904 122,196 151,369 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 0 4,584 0 4,584 4,940 Ministry 3b1 43,349 0 0 43,349 43,952 Church Running Expenses 3b2 31,007 0 0 31,007 31,699 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 NET INCOMING RESOURCES BEFORE TRANSFERS 983 21,658 2,904 25,545 42,122 TRANSFERS BETWEEN FUNDS -1,252 4,156 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -260 25,815 -4,178 21,376 44,386 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 133,757 145,490 104,512 383,759 339,372 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 133,496 171,304 100,334 405,135 383,759	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 57,127 1,138 0 58,266 59,823 Voluntary Income - Donations 2b 1,507 18,353 0 19,860 6,463 Income from Church Activities 2c 9,319 0 0 9,319 11,313 Gross Income from Events & Activities 2d 13,480 6,035 0 19,514 20,371 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 5,699 4,635 2,904 13,237 12,755 TOTAL INCOMING RESOURCES 89,131 30,161 2,904 122,196 151,369 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 0 4,584 0 4,584 4,940 Ministry 3b1 43,349 0 0 43,349 43,952 Church Running Expenses 3b2 31,007 0 0 31,007 31,699 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 NET INCOMING RESOURCES BEFORE TRANSFERS 983 21,658 2,904 25,545 42,122 TRANSFERS BETWEEN FUNDS -1,252 4,156 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -260 25,815 -4,178 21,376 44,386 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 133,757 145,490 104,512 383,759 339,372 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 133,496 171,304 100,334 405,135 383,759	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2025 2024 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 57,127 1,138 0 58,266 59,823 Voluntary Income - Donations 2b 1,507 18,353 0 19,860 6,463 Income from Church Activities 2c 9,319 0 0 9,319 11,313 Gross Income from Events & Activities 2d 13,480 6,035 0 19,514 20,371 Legacies etc 2e 2,000 0 0 2,000 40,644 Income from Investments 2f 5,699 4,635 2,904 13,237 12,755 TOTAL INCOMING RESOURCES 89,131 30,161 2,904 122,196 151,369 RESOURCES USED Charitable Giving - from service collections 3a 0 1,138 0 1,138 1,412 Charitable Giving - donations 3a 0 4,584 0 4,584 4,940 Ministry 3b1 43,349 0 0 43,349 43,952 Church Running Expenses 3b2 31,007 0 0 31,007 31,699 Church Admin 3c 6,572 0 0 6,572 5,788 Other Expenditure 3d3 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 NET INCOMING RESOURCES BEFORE TRANSFERS 983 21,658 2,904 25,545 42,122 TRANSFERS BETWEEN FUNDS -1,252 4,156 -2,904 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units 9 9 -74 CBF Investment Fund Shares -4,178 -4,178 2,339 NET MOVEMENT in FUNDS -260 25,815 -4,178 21,376 44,386 BALANCES BROUGHT FORWARD AT 1 January 2025 (2024) 133,757 145,490 104,512 383,759 339,372 BALANCES CARRIED FORWARD AT 31 DECEMBER 2025 (2024) 133,496 171,304 100,334 405,135 383,759
	Funds Funds Funds 2025 £ £ £ £ 57,127 1,138 0 58,266 1,507 18,353 0 19,860 9,319 0 0 9,319 13,480 6,035 0 19,514 2,000 0 0 2,000 5,699 4,635 2,904 13,237	2024 £ 59,823 6,463 11,313 20,371 40,644 12,755
	89,131 30,161 2,904 122,196	151,369
	0 1,138 0 1,138 0 4,584 0 4,584 43,349 0 0 43,349 31,007 0 0 31,007 6,572 0 0 6,572 7,220 2,780 0 10,001	1,412 4,940 43,952 31,699 5,788 21,457
	88,148 8,503 0 96,651	109,247
	983 21,658 2,904 25,545 -1,252 4,156 -2,904 0 9 9 -4,178 -4,178	42,122 0 -74 2,339
	-260 25,815 -4,178 21,376	44,386
	133,757 145,490 104,512 383,759	339,372
	133,496 171,304 100,334 405,135	383,759

The notes on pages 3 to 10 form part of these accounts

Page 2

Parochial Church Council of St Mary the Virgin, Olveston

Notes on Financial Activities as at 31 December 2025

1) Accounting Policies

a) Basis of Preparation

b) Incoming resources

c) Resources used

i) Charitable Grants and Donations (Outward Giving)

ii) Church Fabric

Significant projects related to the fabric of the church are funded from a specific restricted fund established for this purpose. Expenditure is generally recognised when it is incurred.

iii) All Other Expenditure

All other expenditure is generally recognised when it is incurred.

d) Funds

General purposes 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 and details of the funds held are provided in note 5.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 5.

Endowment funds, where the capital must be retained, are explained in note 5.

e) Reserves Policy

It is PCC policy to maintain (if possible) a balance on unrestricted general purposes funds, which equates to approximately 6 months’ unrestricted general purposes payments, to cover emergency situations that may arise from time to time.

f) Fixed assets

i) Tangible

Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993.

All other tangible fixed assets have fully depreciated.

ii) Investments

Investments are valued at market value at 31 December. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year.

g) Fixed assets

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the COVID-19 pandemic had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £36,945, and the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Page 3

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

2 INCOMING RESOURCES 2a Voluntary Income - Regular Giving Planned Giving Gift Aid income Gift Aid recoveries Non Gift Aid income Alms Small cash donations scheme recoveries Wall Safe 2b Voluntary Income - Donations Donations Donations Church Fabric Fund Donations - tax recoveries Donations Fabric Fund - tax recoveries 2c Income from Church Activities Choir Coffee Shop Monday Movies Monday Movies - tax recoveries Monday Movies - SCDS top up Parochial Fees 2d Income from Events & Activities FOSM Fundraising Fundraising - tax recoveries Fundraising - SCDS top up 2e Legacies etc Legacies 2f Income from Investments CBF CoE FWT Inc A/c (1001D) CBF CoE Inv Fund Shares (1170S) CAF Bank Current Account M&G Charibond Income Units TOTAL INCOMING RESOURCES	Unrestricted Restricted Endowment TOTAL FUNDS	Unrestricted Restricted Endowment TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ 40,025 264 40,289 10,009 66 10,075 2,771 2,771 3,387 647 4,034 847 162 1,008 88 88	2024 £ 40,466 10,119 3,486 4,527 1,128 96
	57,127 1,138 0 58,266	59,823
	1,480 1,324 2,804 16,480 16,480 28 179 206 370 370	3,826 1,710 611 315
	1,507 18,353 0 19,860	6,463
	700 700 1,579 1,579 1,781 1,781 107 107 163 163 4,990 4,990	500 2,027 1,535 111 134 7,006
	9,319 0 0 9,319	11,313
	10,423 10,423 3,057 5,761 8,818 114 114 160 160	10,265 9,818 103 185
	13,480 6,035 0 19,514	20,371
	2,000 2,000	40,644
	2,000 0 0 2,000	40,644
	5,637 4,635 10,272 2,904 2,904 13 13 49 49	9,811 2,836 16 92
	5,699 4,635 2,904 13,237	12,755

	89,131 30,161 2,904 122,196	151,369

Page 4

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 4,584 4,584 4,940 0 5,722 0 5,722 6,352 3b1 Ministry Clergy expenses - parochial 1,800 1,800 1,813 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 0 1,777 Parish Share 39,917 39,917 39,134 43,349 0 0 43,349 43,952 3b2 Church Running Exp Altar Supplies 562 562 510 Bank Charges 60 60 86 Choir 177 177 312 Churchyard 1,084 1,084 3568 Cleaner 1,470 1,470 388 Flowers 200 200 200 Insurance 4,323 4,323 4,028 Miscellaneous 1,615 1,615 1,566 Organist 3,886 3,886 3,886 Repairs and Maintenance 8,192 8,192 8,477 Utilities 9,437 9,437 8,677 31,007 0 0 31,007 31,699 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall 156 156 156 Church Fabric 0 11,077 Coffee Shop 313 313 208 Event costs (non F'raising) 0 0 112 Fundraising costs (Unrest) 321 321 840 Restricted event payments 2,780 2,780 2,479 FOSM 5,198 5,198 5,436 Monday Movies 380 380 201 New Equipment 0 0 96 Subs and Donations 853 853 853 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 4,584 4,584 4,940 0 5,722 0 5,722 6,352 3b1 Ministry Clergy expenses - parochial 1,800 1,800 1,813 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 0 1,777 Parish Share 39,917 39,917 39,134 43,349 0 0 43,349 43,952 3b2 Church Running Exp Altar Supplies 562 562 510 Bank Charges 60 60 86 Choir 177 177 312 Churchyard 1,084 1,084 3568 Cleaner 1,470 1,470 388 Flowers 200 200 200 Insurance 4,323 4,323 4,028 Miscellaneous 1,615 1,615 1,566 Organist 3,886 3,886 3,886 Repairs and Maintenance 8,192 8,192 8,477 Utilities 9,437 9,437 8,677 31,007 0 0 31,007 31,699 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall 156 156 156 Church Fabric 0 11,077 Coffee Shop 313 313 208 Event costs (non F'raising) 0 0 112 Fundraising costs (Unrest) 321 321 840 Restricted event payments 2,780 2,780 2,479 FOSM 5,198 5,198 5,436 Monday Movies 380 380 201 New Equipment 0 0 96 Subs and Donations 853 853 853 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 1,138 1,138 1,412 Donations 4,584 4,584 4,940 0 5,722 0 5,722 6,352 3b1 Ministry Clergy expenses - parochial 1,800 1,800 1,813 Clergy expenses - visiting 1,632 1,632 1,228 Family Worker 0 0 1,777 Parish Share 39,917 39,917 39,134 43,349 0 0 43,349 43,952 3b2 Church Running Exp Altar Supplies 562 562 510 Bank Charges 60 60 86 Choir 177 177 312 Churchyard 1,084 1,084 3568 Cleaner 1,470 1,470 388 Flowers 200 200 200 Insurance 4,323 4,323 4,028 Miscellaneous 1,615 1,615 1,566 Organist 3,886 3,886 3,886 Repairs and Maintenance 8,192 8,192 8,477 Utilities 9,437 9,437 8,677 31,007 0 0 31,007 31,699 3c Church Admin External printing 333 333 552 Photocopier 1,168 1,168 953 Print and Stat consumables 354 354 188 Administrator - Salary 3,783 3,783 3,162 Computing 320 320 320 Telephone and Broadband 613 613 613 6,572 0 0 6,572 5,788 3d3 Other Expenditure Bookstall 156 156 156 Church Fabric 0 11,077 Coffee Shop 313 313 208 Event costs (non F'raising) 0 0 112 Fundraising costs (Unrest) 321 321 840 Restricted event payments 2,780 2,780 2,479 FOSM 5,198 5,198 5,436 Monday Movies 380 380 201 New Equipment 0 0 96 Subs and Donations 853 853 853 7,220 2,780 0 10,001 21,457 TOTAL RESOURCES USED 88,148 8,503 0 96,651 109,247 TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ ations (details next page) 1,138 1,138 4,584 4,584	2024 £ 1,412 4,940
	0 5,722 0 5,722	6,352
	1,800 1,800 1,632 1,632 0 0 39,917 39,917	1,813 1,228 1,777 39,134
	43,349 0 0 43,349	43,952
	562 562 60 60 177 177 1,084 1,084 1,470 1,470 200 200 4,323 4,323 1,615 1,615 3,886 3,886 8,192 8,192 9,437 9,437	510 86 312 3568 388 200 4,028 1,566 3,886 8,477 8,677
	31,007 0 0 31,007	31,699
	333 333 1,168 1,168 354 354 3,783 3,783 320 320 613 613	552 953 188 3,162 320 613
	6,572 0 0 6,572	5,788
	156 156 0 313 313 0 0 321 321 2,780 2,780 5,198 5,198 380 380 0 0 853 853	156 11,077 208 112 840 2,479 5,436 201 96 853
	7,220 2,780 0 10,001	21,457

	88,148 8,503 0 96,651	109,247

Page 5

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 TOTAL	3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 TOTAL	3 RESOURCES USED Unrestricted Funds Restricted Funds Service Collections Donations 2025 2024 £ £ £ £ £ 3a Charitable Grants and Donations Thornbury Inner Wheel 349 349 610 Children's Society (Crib Service and Christingle) 200 200 545 Christian Aid 368 368 0 One25 (Lent Charity) 840 840 0 Uganda Project (from Big Breakfast) 687 687 206 Nepal - Aanandit Charity 2,000 2,000 2014 Royal British Legion (Poppy Appeal) 590 590 641 Salvation Army (Easton) 639 639 529 Salvation Army (Easton) - Choir Collection 50 50 105 A Rocha UK (Eco Church) 0 125 Thornbury Foodbank (Harvest Appeal) 0 405 Uganda Project (Lent Appeal) 0 1174 0 1,138 4,584 5,722 6,352 TOTAL
	0 1,138 4,584 5,722	6,352

Page 6

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

		Unrestricted Funds	Unrestricted Funds	Unrestricted Funds	Unrestricted Funds		Restricted Funds	Restricted Funds	Restricted Funds	Endow't	TOTAL	FUNDS
	General		DesignatedFunds				Fabric	Out Giv'g	Sev'nside	Funds	2025	2024
	Purposes	Vision	Choir		Summer	FOSM			Churches
		Fund			Ball
	£	£	£		£	£	£	£	£	£	£	£

FIXED ASSETS
Investment Assets (Endowment)
FWT Inv Fund Shares (1170S)										100,334	100,334	104,512
Tangible Fixed Assets											0	0
	0		0	0	0	0	0	0	0	100,334	100,334	104,512

ANALYSIS of NET ASSETS by FUND
Fixed Assets	0		0	0	0	0	0	0	0	100,334	100,334	104,512
Current Assets	39,361	87,398		2,626	450	6,098	169,150	1,859	1,533	0	308,475	281,906
Current Liabilities	-2,416		0	0	0	-20	0	-1,238	0	0	-3,674	-2,659
Fund Balance	36,944	87,398		2,626	450	6,078	169,150	622	1,533	100,334	405,135	383,759

Designated Funds

Vision Fund

This fund, sourced by legacies, was established by PCC to support developments relating to the implementation of St Mary's vision for the future, including initiatives aimed at developing a family friendly church. Of the balance at 31 December 2025, £5,000 is earmarked for projects aimed at engaging younger generations.

Restricted Funds

Fabric Fund: Outward Giving:

This fund was established in 2011 to provide funds for St Mary's Church fabric projects. This fund was established to support fundraising for a variety of specific causes or charities, excluding major biennial outward giving appeals. Money received is via donations or fundraising events.

Severnside Churches This fund is held on behalf of the Severnside Churches Group. Of the balance at 31st December 2025, £263 is earmarked to support Youth Choirs within the North Youth Fund: Severnside Benefice.

Endowment Fund (St Mary's)

Fred White Trust

Page 7

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,846 257 0 2,103 2,462 Small cash donations scheme recoverie 818 273 0 1,091 1,188 Prepayments and Accrued Interest 137 0 0 137 629 VAT 847 0 0 847 0 Other debtors 1,969 81 0 2,050 36,319 5,617 611 0 6,229 40,599 7 LIABILITIES Amounts falling due within one year 2,436 1,238 0 3,674 2,659 Amounts falling due after one year 0 0 0 0 0 2,436 1,238 0 3,674 2,659 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 105,254 159,368 0 264,622 201,947 M&G Investment Fund 0 0 0 0 2,025 105,254 159,368 0 264,622 203,972 9 CASH at BANK NatWest Current Account 13,018 8,605 0 21,623 23,600 CAF Bank Current Account 3,007 3,958 0 6,965 5,362 Choir a/c 2,489 0 0 2,489 1,966 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,098 0 0 6,098 5,958 25,061 12,563 0 37,623 37,335 TOTAL FUNDS	Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,846 257 0 2,103 2,462 Small cash donations scheme recoverie 818 273 0 1,091 1,188 Prepayments and Accrued Interest 137 0 0 137 629 VAT 847 0 0 847 0 Other debtors 1,969 81 0 2,050 36,319 5,617 611 0 6,229 40,599 7 LIABILITIES Amounts falling due within one year 2,436 1,238 0 3,674 2,659 Amounts falling due after one year 0 0 0 0 0 2,436 1,238 0 3,674 2,659 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 105,254 159,368 0 264,622 201,947 M&G Investment Fund 0 0 0 0 2,025 105,254 159,368 0 264,622 203,972 9 CASH at BANK NatWest Current Account 13,018 8,605 0 21,623 23,600 CAF Bank Current Account 3,007 3,958 0 6,965 5,362 Choir a/c 2,489 0 0 2,489 1,966 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,098 0 0 6,098 5,958 25,061 12,563 0 37,623 37,335 TOTAL FUNDS	Unrestricted Restricted Endowment Funds Funds Funds 2025 2024 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,846 257 0 2,103 2,462 Small cash donations scheme recoverie 818 273 0 1,091 1,188 Prepayments and Accrued Interest 137 0 0 137 629 VAT 847 0 0 847 0 Other debtors 1,969 81 0 2,050 36,319 5,617 611 0 6,229 40,599 7 LIABILITIES Amounts falling due within one year 2,436 1,238 0 3,674 2,659 Amounts falling due after one year 0 0 0 0 0 2,436 1,238 0 3,674 2,659 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 105,254 159,368 0 264,622 201,947 M&G Investment Fund 0 0 0 0 2,025 105,254 159,368 0 264,622 203,972 9 CASH at BANK NatWest Current Account 13,018 8,605 0 21,623 23,600 CAF Bank Current Account 3,007 3,958 0 6,965 5,362 Choir a/c 2,489 0 0 2,489 1,966 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,098 0 0 6,098 5,958 25,061 12,563 0 37,623 37,335 TOTAL FUNDS
	Funds Funds Funds 2025 £ £ £ £ 1,846 257 0 2,103 e 818 273 0 1,091 137 0 0 137 847 0 0 847 1,969 81 0 2,050	2024 £ 2,462 1,188 629 0 36,319
	5,617 611 0 6,229	40,599
	2,436 1,238 0 3,674 0 0 0 0	2,659 0
	2,436 1,238 0 3,674	2,659
	105,254 159,368 0 264,622 0 0 0 0	201,947 2,025
	105,254 159,368 0 264,622	203,972
	13,018 8,605 0 21,623 3,007 3,958 0 6,965 2,489 0 0 2,489 450 0 0 450 6,098 0 0 6,098	23,600 5,362 1,966 450 5,958
	25,061 12,563 0 37,623	37,335

Page 8

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2025

10 RECONCILIATION OF MOVEMENT IN FUNDS

		Unrestricted Funds	Unrestricted Funds	Unrestricted Funds		Restricted Funds	Restricted Funds	Restricted Funds	Endow't	TOTAL	FUNDS
	General		Designated						Funds	2025	2024
	Purposes	Vision	Choir	Summer	FOSM	Fabric	Out Giv'g	Sev'nside
		Fund		Ball				Churches
	£	£	£	£	£	£	£	£	£	£	£

BALANCES BROUGHT FORWARD AT	43,619	81,731	2,103	450	5,853	143,508	449	1,533	104,512	383,759	339,372
1 JANUARY 2025 (2024)
INCOME	72,342	5,667	700		10,423	21,485	8,676	0	2,904	122,196	151,369
EXPENDITURE	82,773	0	177		5,198	0	8,503	0	0	96,651	109,247
GAINS & LOSSES on INVESTMENTS (Unrealised)	9								-4,178	-4,169	2,265
TRANSFERS BETWEEN FUNDS	3,748				-5,000	4,156		0	-2,904	0	0
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2025 (2024)	36,945	87,398	2,626	450	6,078	169,150	622	1,533	100,334	405,135	383,759

Page 9

Appendix 3

St Mary the Virgin, Olveston

Sections for Inclusion within the St Mary’s Trustees’ Annual Report 2025

Financial review

Total income in 2025 was £122,196, of which £89,131 was unrestricted. This includes £10,873 as Gift Aid and £1,332 in top-ups under the Gift Aid Small Donations Scheme. Total expenditure was £96,651, of which £88,148 was unrestricted.

Unrestricted general purposes income was £72,342 in 2025, a reduction of £6,679 (8.5%) compared with 2023. The reduction was associated predominantly with parochial fees (a reduction of £2,016 or 29%), fundraising activities (a reduction of £1,738 or 36%) and oneoff donations (a reduction of £963 or 39%). There was also a reduction of £635 (1.5%) in planned giving by standing order or the weekly envelope scheme. At the end of 2025 there were 61 planned givers, a reduction of 3 compared with the position at the end of 2024.

Unrestricted general purposes expenditure was £82,773, which is £942 (1.1%) lower than in 2024. There were two substantial reductions in expenditure in 2025 compared with 2024, one relating to churchyard maintenance costs (a reduction of £2,484 or 70%) and the other (£1,777) relating to payments made to the Family Worker in the first two months of 2024, prior to her resignation. However, these reductions were offset to a large extent by increases of (a) £1,082 in payments made to the cleaner (the full year effect of her appointment in November 2024), (b) £783 (2%) in Parish Share, (c) £760 (or 9%) in utilities, and £784 (14%) in administration costs.

Outward giving donations totalling £5,722 were made in 2025 to 8 different causes (see Note 3a of Annual Accounts for details).These included £2,000 to the Aanandit Charity in Nepal, from the proceeds of a Murder Mystery fundraising event, and £840 to One25 from the Lent Appeal.

Reserves policy

At 31 December 2025 the balance of the free reserves was £36,945, which is close to the 6-month target. However, St Mary’s faces some significant financial challenges in the future, given the age profile of our congregation and regular givers, and it should be noted that annual income from planned giving has reduced by 19% (£10,000) over the last 6 years, at time when utility costs have increased by 64% (£3,700) and insurance by 37% (£1,200).

engaging younger generations. In addition, PCC is also considering other projects to which funds could be allocated, including the provision of additional burial grounds, as very little burial space now remains within the churchyard, and the restoration of the church bells.

The Church Fabric Fund is the main restricted fund held by St Mary’s. At 31 December 2025 there was a balance of £169,150.

It is PCC policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund.

Funds held as custodian trustees on behalf of others

Going Concern

Regularly monitoring its financial position;
Providing our congregation with a range of alternative methods of giving (e.g. by standing order, donations using online banking, online giving page, contactless payment device);
Critically examining all areas of expenditure and identifying where savings can be made.

The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons:

The charity holds unrestricted general reserves of £36,945, representing just under 6 months of unrestricted general purposes expenditure.
Income (including Gift Aid) from planned giving accounts for 72% of our total general purposes income. We are confident that the vast majority of this income will continue to be received as 94% of planned giving is by standing order.

The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in Note 1(g) to the financial statements.

Independent Examiner's Report To The Parochial Church Council Of St Mary The Virgin Olveston, With Aust I report on the accounts of the Parochial Church Council of Sl Mary the Virgin Olveston, with Ausl, for the year ended 31 December 2025, which are set out on pages 1 to 10. Respective responsibilities of the PCC and the Independent Examiner The PCC consider that an audit is not required for this year under section 144{21 of the charities Act 2011 {the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the account5 under section 145 of the 2011 Act.. follow Ihe procedLtres laid down in the General Directions given by the Chanly Comrnissioners section 145{5)(b) of the 2011 Act- and state whether particular matters have come lo my attention Basis of Independent Examinefs Statement My examination was carried OLSt in accordance with the General Directions given by the Charity Commission. An examination includes a review of Ihe accounting records kept by the PCC and a comparison of the accounts with ihose records. It also includes consideration of any unusual items or disclosures in the accounls and seeking explanations from you as trustees Conrning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in a full audit. and consequently I do not express an audit opinion on the accounts. Independent Examinerfs Statement In connedion with my examination. no matters have come to my attention.. which give me reasonable cause lo believe that in any material respect the requirements to keep accounting records in accordan¢e wtth section 130 of the Act,. or to prepare accourrts which accord with the aOUntIng records have not been met- or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Dated.. The Coach House, Aust Road, Olveston, Bristol BS35 4DE