## **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. 1. **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. 2. **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** 1. 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. 2. 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. 3. 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** 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, 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) 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. 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** 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 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 ## **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. 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 31 December 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 at 1 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** 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. 2 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 Con￿rning any such matters. The prO￿dureS 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 a￿OUntIng 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