TAUNTON MINSTER
Parochial Church Council of the Ecclesiastical Parish of
Saillt Mary Magdalene Taunton
ANNUAL REPORT and ACCOUNTS
2024
AUNTON
INSTER
ST MARY MAGDALENE
To know Christ better and
to make Christ better known

REFERENCE AND ADMINISTRATIVE INFORMATION
Name:
Taunton Minster (PCC of St Mary Magdalene Church, Taunton)
Location:
Taunton Minster, Church Square, Taunton TA I I SA
Correspondence Address: PCC Secretary clo Benefice Office, Whirligig Lan¢, Taunton TAI I SQ
e-mail: office
7tauntonminster.or
www.tauntonminster.org
PCC Membership as of 31 December 2024:
Reverend Tobic Osmond*
Rcverend Jamie Fox
Reverend Louise Bale
Lesley Webb*
Ray Tully.
Alan Ladd*
Claire Mort
Marléne Phillips
Georgina Morgan
Sandra Hall
Miles Quick
Paul Hughes
Sandra Jordan
Carolin¢ L¢e
Victoria Black
Alli Saltrese-Taylor
Charlotte Brand
Nicola Johnson
Andrew Crook¢s
Nigel Birkett (Co-opted)
Chair
Curate
Curate (Non-stipendiary)
Churchward¢n
Churchwarden
PCC Vice Chair
Deanery Synod
Deanery Synod
*Standing Committee members
Jonathan Drew
Anthew Lewis
Nigel Birkett
PCC Secretary
LegAI Advisor
Honorary Treasurer
Day-to-day Managernent
Stsnding Committee
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parochial Church Council (PCC)
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates
under the Parochial Church Council Powers Measure. In accordance with statute the PCC is registered with
th¢ Charity Commission undcr No. 1134818.
Appointment to the PCC
The appointment of PCC members is governed by and set out in the current edition of the Church
Representation Rules.
[1]

PCC Organisation
The PCC meets at least 4 times a year. Each member is also a member of one of the 3 main Committees..
Mission, Worship and Finance & Property. A Standing Committee comprising the Chair, Curates,
Churchward¢ns, PCC Secretary and two representative members of the PCC, meets as necessary between
PCC meetings.
CHAIRMAN?S REPORT
Annual Report to APCM
We are a Church of England church at the heart of the County Town of Somerset in Taunton. We worship
God, Creator, Redeemer and Sustainer, with a mission statement of "To know Clllist better and make Christ
better known." Taunton Minster echoes and supports the ministy of the Bishops of Bath and Wells and
Taunton, and the work of Wells Cathedral, in a similar way to Bath Abbey in th¢ north of the diocese. We
are a gathering place, welcoming all and offering a breadth of Anglican worship, where we know Christ and
endeavour to make Christ better known. We are a place of prayer and stillness in the centre of a busy
county town. We serve the town as a non-politi¢al presence, particularly at times of national crisis.
As Taunton Minster we are continuing with our rebranding working on signage both onsite and around the
town.
Minster Council
Having met for a few years with numbers dwindling for meetings we continue to strive to serve the town in
a non-political way. The best meeting so far had been the one about young people and what we as a
Minster could do to help the local situation, which is one of the driving forces behind the Minster House
proj¢ct. We are fulfilling the principles by being involved in the County's Local Community Networks,
the WOTk we have done with the High Sheriff of Somerset and the Lord Lieutenancy's drive for a multi faith
conversation. We had three meetings in 2024 with a desire to continue.
Art and Culture
We are an integral part of Taunton Town and Somerset County's Arts and Cultur¢ working group. We have
served the town by hosting two big international pieces of art now from Luke Je￿arn, with some great
success. The Minster has helped serve the diocese in a huge way with ordinations and confrnations and
hosting conferences.
This year we have:
Souls of our Shoes a Mother's Union sponsored piece of art raising awareness for dom¢stic abuse
Knife Angel, a national piece of art raising awareness of knife crime, whilst it was hosted in the
town we held the opening ceremony and were integral in the closing ceremony
Hidden voices, hosted an art exhibition from many artists focused on modern slavery.
Taunton Together a town wide celebration of the end of summer where we hosted artwork from two
local schools and had the river Tone flowing through the centre of the Minster
W¢ continue to be a prime venue for concerts, not least the huge G4 concert. with a large number
plamied for next year.
Thank Yous
I would also lik¢ to personally thank the Churchwardens (Lesley and Ray) and PCC and for all their work
for all that we have achieved this year.
We said goodbye to Duncan and hello to Jason. The verging department is k¢y to us achieving what we
need to be doing as Minster. They continue to be a great help to me personally, and the mantra of 'there is
always a way, is incredibly helpful.
They continue to be supported by Brian our cleaner.
[2]

The ministy team continues to be a huge support, saying goodbye to Jamie as he moved on and a warni
welcome to Louise as sh¢ changed roles and grows into her work here. Gwen, Valerie and Alli have grown
our team.
A huge thanks to our team leaders that meet at our monthly staff meeting. Margaret and Susamie in the
office that work away at all our printed material. and then all those that contribute to our Today Sheets and
Together Magazine, we give thanks to Richard Austin for his work on the magazine over so many years,
and look fonvard to what the magazine might bring us into the future with Valerie at the helm. Sandra Hall
and her team in th¢ Coffee shop and foT all their challenges this year, for the highs (another 5 star check),
we truly could not do what we do without the huge team that run the coffee shop. Thank you to Chcryl
Birkett and her team in the Bookshop, Miles Quick and the choirs, Choristers and readers, and all who help
with our music in th¢ building. Sandra Daw and the team working with the children and young people on a
Sunday and with the other things that go on in the church, Anne Chidgey and the flowcr t¢am have been
outstanding with their work to make the building look cven more beautiful through our festivals. Pen
Cooper and the tower team, with bell ringing training and competitions. and tours when we have been able
to get to th¢ top. Obviously our accounts and the hard work that goes on with our finances with Nigcl
leading and the team of counters behind the scenes.
Our Eco Task force is doing a lot of work forwarding the fifth mark of Anglican Mission, and we look
fonvard to how wc might get close to rLllming at carbon net zero, not easy for a mcdieval building like the
Minster.
We thanked G¢off and Jan Hays for all their work with DBS and safeguarding and welcomed Alli into her
role as PSO, we have a number of people now helping with delivering our target for creating a safer church.
This is where it gets complicated as there are so many people that organise and run things at the Minster, I
want to thank you all for all you do. Readers, listeners) pray-ers, young and old(er7) alike.
Worship
Central to all that we do is our worship. We Continue to offer a broad range of worship opportunities, from
quiet 1662 Prayer Book Communi0￿ through to modern, contemporary servÉces of the word with a music
group at our Refresh services which have been looking at the wornen in the Bible. All endeavouring to
worship our God. We continue to revive our liturgies, creating seasons for Creationtide and Stewardship.
Children and Young People
We are very grateful to all that have looked after OUT children and young people over th¢ year.
Our aim is still to have a hub t'or them in the old vicarag¢ garage now called the 'Minster House, and we are
grateful for Nigel championing the lead on this PTOjCCt and that, as this is being written, building work is
going ahead, whilst there is still a £48K deficit on the second phase we are hopeful that this will bc
mpleted by Autumn 2025. Because of this we have made strong links with various outside agencies, not
least Young Somerset that will be able to use the building until we are able to support our own outreach
worker. We continue to work with the County Council on the Local Community Network for Children and
Young Pcople.
Our choirs continue to go from strength to strength with a large number of people h¢lping run a number of
young peoples events on Friday nights and these young p¢ople play a huge part running our first Sunday of
the month services.
Welcome and mission are strong components in our congregation, and this is only heightened by the many
things that we are now doing in our community, hosting the village agents and a monthly digital cafe. W¢
helped the Lord Lieutenant of Somerset host a service on behalf of the Princess of Wales for her Christmas
project on Compassion this year. We helped the High Sheriff of Somerset host his annual event linked with
thanking all in the comrnunity that organis¢ volunteering.
[3]

The peregrine project continues to be successful, being able to view live pictures of their activities via a
CCTV link. We had four eggs hatcty wilh one loss so three birds surviving to adulthood in 2024 (four eggs
again this year although hatching as I writ¢).
Safeguarding
We are very conscious of Safeguarding within the Church of England and this year have rLm a number of
events to promote a safer church, with introductions to safeguarding, helping as many people as we can
through Basic and Foundation courses, as well as overhauling our volunteer and recruiting policies.
Schools
We hav¢ continued to build links with our schools this year, not least with holding very succ¢ssfid Easter
Experiences, this year with nearly 600 children coming through the building.
Pastoral Team
The Pastoral team worked very hard through 2024, with ongoing training with th¢ help of Gwen and
Louise, co-ordinated by Margaret Austin with a number of new people coming in to help,
Communlcation
we continue to endeavour to stay in touch with members of the congregation and those wanting to hear
news from the Minster, particularly if they cannot attend, so we ty and have as many services as possible
live stream¢d. We are aided by the work that has gone into the website and the weekly ernail briefing, and
our ongoing printed material of the Today sheet and Together Magazine.
2024 has continued to b¢ a year of change and this will ever be the case. But I continue to love serving
here, and I look forward to seeing our growing number of people that attend worship? wanting to help
volunteer and explore the building.
Personal
A huge moment for us as a family this year was welcoming our fourth child, Benjy, into our crazy mix, and
it was truly a blessing having him baptised with the mixed congregations of the Minster and St Mary's
Bridgwater. My loves continue to be my wonderful, supportive and intelligent wife, our four great children
and our dogs. Outside of the work in this church I continue my training work for the diocese with Curat¢s,
placement students and running various training days, as well as work on the Dioc¢san Board of Education
and Somerset County Council's Scrutiny Committe¢ for Families and Children and Somerset County
Schools Forum. My spare tim¢ continues to be focused on family, the Motorbike, Rugby, and skiing when
I get a chance.
FINALYCIAL REVIEW
Und¢rlying unrestricted income rose to £ 236,779 (2023 £207,761) due particularly to a very encouraging
increase of over 17 % in Plann￿ Giving by our members, plate collections at Sunday services and the
associated Gift Aid. This follows an intentional focus on stewardship the previous AutLllnn.
Magdalene's Coffee Shop continues to be very popular and its contribution after cost of provisions ros¢ by
over l O % to £73,059 to help meet the running costs of the church and contribute to the development of
Minster House (fornierly known as the Coach House).
Minster House will be our new Mission Hub focusing particularly on work with chilthen and young people
and linking with MIND and Young Somerset. In last year's Financial Review we looked forward to the
tendeTed responses for the development with "prayerful trepidation" now we look fonvard to completing
the project by Autumn 2025 with a lot of faith!
[4]

The development costs have proved challenging despite receiving £97,295 in legacies during the year. With
overall contractor-based costs amounting to £340,000 (including over £30,000 for trenching electricity,
water and telecom services), we decided to go ahead with renovating the first floor flat and continue to
pursue further grants and donations before committing to the development of the ground floor. Of course, it
makes sense to complete the work whilst our contractors are onsite. and we pray this will be done.
Overall. our General Fund expenditure rose by nearly l O % to £206.407 largely due to an increase of 20% in
our Parish Share contribution to £87,000 (2023 £72,000), still £20,000 short of the level of £107,000
requested by the Diocesc but over 650/0 of total Giving.
RESERVES POLICY AND FUTURE COMMITMENTS
Our G¢nernt Fund reserve remains at £45,000 representing just under 3 months, expenditure. With our
payment £20,000 below the requested P￿]sh Share of approximately £107,000, w¢ continue to hold our
Reserve at that minimum level as we seek to raise our contribution.
A new basis of assessment comes into force this year: 'Parish Share. becomes a requested 'Benefice Share.
for both Taunton Minster and St John's. The new calculation is based on 3 elements: Direct Ministry costs,
Diocesan wide costs, and a Mutuality and Generosity contribution to support areas in the Diocese unable to
pay their full contribulion.
Whilst the new calculation is favourable to Taunton Minster by reducing our requested contribution to
around £82,000 from £107.000 at current cost levels, this reduction will be phased in over 5 years. During
that period of transition however, we can expect to be challenged to make up for shortfalls in our l¢vel of
contributions over the last 4 years.
We are committed to completing the development of the Mission Hub and flat at Minster House. The
funding shortfall as of April 2025 has b¢en reduced to £48,000 following receipt of very generous donations
and an llnexp¢ct￿ l¢gacy. To meet this final challenge, we continue to seek grants. donations or short-terni
loans, whilst our regular income is fully committed to meet the cost of running and maintaining the Minster
as a centre for worship, Cbristian teaching> and mission.
[5]

TAu￿rON MINSTER (Parochial Church Council of SL Mary Magdalene. Taunton)
Balance Sheet as at 31 December 2024
2024
2023
Note
FIXED ASSErs
Tangible
In*stmerrt
CURRENT ASSErs
Stock
4,432
Debtors
18,588
12,000
Short Term Deposits
284,276
176.017
Cash at bank and in hand
12,974
16.556
320.682
209,005
LIABILITIES
Credttors - amounts falling due in one year
9,584
5.163
NEf CURREKf AssErs
311,098
203,842
Total assets less current liabilltles
311.098
203.842
Creditor5 - amounts falling due after one year
TOTAL NEf ASSErs
311,098
203,842
PARISH FUNDS
Unrestricted
280,508
168.969
Restricted
30,590
34873
311.098
203,842
Approved by the Parochial Church Councll on
Reverend Toble Osmond
Vicar
l¢i&)U

TAUNTON MINSTER (Parochial Church Councll of SL Mary Magdaleno. Taunton)
Statement of Financlal Activitiesfor the year endlng 31 December 2024
Unrestricted Restrlcted
Funds
Funds
TOTAL FUNDS
2024
2023
Note
INCOME
Voluntary Income
Activities for generating funds
Church Actimties
In￿ting aGtiviti8S
Extraordinary It8ms
2{a)
2(b)
2(c)
2(d)
2{e)
230.401
113.198
12.177
10,148
1,774
4,498
232.175
117,696
12.177
11,755
6.742
120.489
105.141
8.207
4,414
20.539
1,607
6,742
Total Income
365,924
14,621
380.545
258.790
EXPENDITURE
Church Actimties
Activities for generating fvnds
Extraordinary items
3(a)
3(b)
3(c}
209, 153
30,776
14.868
4,515
2,184
12.205
213.668
32.960
27.073
195,617
26.920
19.677
Total Expendlture
254797
18.904
273,701
242.214
Net Income before other recognlsed gains and losse
Rerdluation of stock in Gifts & Books shop
111.127
412
(4,283)
106.844
412
16.576
21
Net Movement In Funds
111,539
(4.283)
107.256
16,597
Balances brought forward 1 January 2024
168.9f)9
34,873
203.842
187,245
Balances carried forward 31 DerAmber 2024
280.508
30,590
311,098
203.842
[7]

Notes to the financial statements
I. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting
Regulations 2006 together with applicable accounting stsndards and th¢ Charites SORP
(FRS102).
The financial statements have been prepared under the historical cost convention except for the
valuation of assets. which are shown at market value. The financial statements include all
transactions, assets and liabilities for which the PCC is responsible in law. They do not include
the accounts ofchurch groups that owe their affiliation to anoth¢r bodyy nor those that are infonnal
gatherings of church members.
Funds
Endowment funds are funds, the capital of which must be maintsined" only income arising
from investment of the endowment may be used either as restricted or unrestricted funds
depending upon the putpose for which the endowment was established.
Restricted funds represent (a) incom¢ from trusts or endowments which may be expended only
on those restricted objects provided in the ternis of th¢ trust or b¢quest, and (b) donations or
grants received for a specific purpose or invited by the PCC for a specific object. Th¢ funds
may only be expended on the specific objert for which they were given. Any balances
remaining unspent at the end of the year must be carried forward as a balance on that fund. The
PCC does not usually invest separately for each fund. Where there is no separate investment,
interest is apportioned to individual funds on an average balance basis.
Unrestricted funds are general funds which can be used for PCC ordinary or designated pU￿oses.
Income
Planned Giving. collections and donations are recognised when received. Tax refunds are
recognised when the incoming resource to which they relate are received. Grants and legacies
are a¢¢ounted for when the PCC is legally entitled to the amounts due. Dividends are
accountable when receivable, interest is accrued for gross.
Expenditure
Grants and donations are accounted for when paid over, or when awarded. if that award creates
a binding or Constructive obligation on the PCC. The diocesan parish share is accounted for
when due. Amounts received specifically for mission are dealt with as restricted funds. All
other expenditure is generally recognised when it is incurred and is accounted for gross.
Fixed Assets
Consecrated and benefice property is not included in the accounts in accordance with
$.96(2)(a) of the Chariti¢s Act 1983.
Movable church fiwnishings held by the vicar and ¢hurchward¢ns on Sp¢cial trust for the PCC
and which require a faculty for disposal are inalienable property, listed in the church's
inventory which can be inspected (at any reasonable time). For an)thing acquired prior to 2000
there is insufficient cost inforn]ation available and therefore such assets are not valued in
fmancial statements. Subsequently no individual item has cost more than £1,000 so all
expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight-line basis over four
years. Individual items of equipment with a purchase price of £2,500 or less are written off
when the asset is acquired.
18]

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Report to the trustees
TAUNTON MINSTER (ST MARY MAGDALENE TAUNTON PCC)
On accounts for the year
ended
31 De￿mber 2024
Charity no
(If any)
1134818
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity ("the Trust.) for the year ended 3111212024
Responsibilities and
basis of report
As the charily's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("Ihe Acf,).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examinalion, I
have followed all the applicable Directions gNen by the Charity Commission
under section 145{5)(b) of the Act.
trhe charity's gross income ex￿eded £250.000 and l am qualified to
Independent examine¢s undertake the examination by being a qualified member of the Association
statement
of CertFfied and Chartered accountants
I have completed my examination. I confim that no material matters have
come to my attention in connection wilh the examination which gives me
cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130
of the Charities Act; or
the accounts did not accord with the accounting reGords' or
the accounts did not comply with the applicable requirements
conceming the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fairf view which is not a matter
considered as part of an independent examination.
I have no cOn￿mS and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
' Please delete the words in the braGket8 rfthey do not apply.
Signed:
Date:
-OLk-l?z<
Name:
CHRISTOPHER MAINSTONE FCCA 2336624

TAUNTON MINSTER (Parochlal Church Councll of St Mary Magdalene. Taunton)
statement of Financial ktivltlesfor the year onding 31 Docembor 2024
2. INCOME
Unrestricted
Funds
84,878
13,421
24,545
10.262
97,295
230,401
Restrlctod
Funds
TOTAL FUNDS
2024
2023
84.878
70,930
13.421
13,225
24,979
20,892
11.602
10.442
97,295
5.000
232.175
120,489
2(8)
Voluntary Income
Planned Giving
Plate Collections
Gift Aid reclaimed
Donations. appeals etc.
Legacies
434
1,340
1.774
2(b)
Actlvlties for generatlng funds
Fund raising e￿ntS
Bookshop
Coffee Shop
Magazine
5,244
13.795
91.143
3,016
113.198
4.498
9.742
13,795
91,143
3,016
117.696
7.296
13.878
80,865
3,102
105,141
4498
2{c)
Church Actlvltles
Letting of church prO￿rtieS
Fees
9,394
2,783
12,177
9,394
2.783
12,177
5,361
8,207
2(d)
Investing activitles
Interest
10.148
10.148
1.607
1.607
11,755
11.755
4.414
4.414
2(e)
Extraordinary itsms
Church Weekend Away eNpnt
GAIA ￿ent 2023
6.742
6.742
20.539
TOTAL INCOME
365,924
14.621
380,545
258,790
[10]

TAu￿rON MINSTER (Parochlal Church Council crf SL Mary Magdalenè. Taunton)
statement of Financial Activitles for the year endlng 31 D0￿mber 2024
3. EXPENDITURE
Unrnstrictèd
Funds
Restrlcted
Funds
TOTAL FUNDS
2024
48) Church actlvltles
Mission and Charttable Gimng
Home
Ov2rse8S
2023
100
853
244
1.097
953
244
1.197
308
324
632
100
Ministry: Diocesan parish share
other ministry costs
Church running costs
Repairs. renewals & general upkeep
Salary and fees
Office & domestic costs
87,000
87,000
3.036
34.010
13.750
61.357
13,318
213.668
72.000
2.342
34,524
20,066
58,852
7.200
195.617
150
34.010
10.482
61.357
13.318
209,153
3,268
4,515
3(b)
Actlvltlos for generatlng funds
Cost of fun4J raising eNents
Bookshop
Coffee Shop
5.482
7,210
18.084
30.776
2,184
7.666
7,210
18.084
32.960
4,777
7.225
14.918
26,920
2.184
3(c)
Extraordinary items
Minster House: Mission Hub
Church Weekend Away e￿nI
GAiA eNent costs 2023
14.868
4.990
7.215
19.858
7,215
3.538
16.139
19.677
14.868
12.205
27.073
TOTAL EXPENDITURE
254,797
18,904
273,701
242,214
Trustoes and Staff remuneration and other Iransactlons
Salary and fees were paid to the Verger and Music Director. Fees were pald also
to Organists and Admlnlstrators. The total donations reCeI￿d from the Trustees
or any related parties without conditions amounted to £19.000.
Contributions to the C of E Church Workers Pension Fund for benefjt of an employee
totalled £1,549 including Life co￿r.
[11]

TAUNTON MINSTER (Parochlal Church Council of St. Mary Magdalene, Taunton)
Statement of Financlal Actlvltles for the year endlng 31 December 2024
FIXED ASSErs
2024
2023
Tangible In￿StMentS
Depreciation
CURRENT ASSEfs: SUNDRY DEBTORS
Tax reco)erable - Unrestricted
Tax reco*rable - Restricted
Unrestrfcted debtors
15.703
434
2.451
18.588
12,000
12,000
LIABILITIES: SUNDRY CREDITORS
Unrestricted
Restricted
9,269
315
9,584
4,917
246
5.163
PARISH FUNDS
3111212023
Movemènt
3111212024
Unrestrlcted Funds
De￿gnated Funds
Fabric fijnd
Minsler House: Missiorb Hub
Tower fund
General fund resen
Music Fund
Tolal designated funds
23,980
39.974
6.766
45,000
127
115,847
(1,062)
152,778
(932)
22.918
192.752
5.834
45.000
{1.433)
265,071
(1,560)
149.224
Gen8ral Fund
53,122
(37.685)
15.437
Total unrestricted fvnds
168.969
111.539
280.508
Restrlcted funds
Vicar & Churchwardens REd: acc income
Vlcar & Churchwardens Disc fund
Tower Fund
Flower fund
Bell fund
Minster House: Mission Hub
YoLrth Evangelism Grant
Church weekend Fund
Bellringers Fund
Total restricted funds
3.242
2,927
1,g42
2,093
14.570
4.898
207
89
4,906
34,873
1,465
(8}
(1.942)
136
4.707
2.919
2.229
14.570
{4.896)
207
1.160
4,796
30.590
1.071
(110)
(4,283)
TOTAL FUNDS
203.842
107,256
311.098
[12]

FABRIC FUND
Unre*ricted (designated)
Balance as at 1 January 2024
Income
CBF in
23,980
2,063
26.043
Expenditure
Extension ladder
Elech Electrical
Professional fees
949
1,976
3,125
22,918
Balance as at 31 Decembar 2024
MINSTER HOUSE: Mission Hub
Unrnstrictsd (deslgnated)
Balance as at 1 January 2024
Income
Legacies (3)
Donation
Géneral Fund transfer
39,974
97.295
350
70,000 207.619
Restri¢l•d
Balance as at 1 January 2024
Income
Donation
4,897
75
19
Gift Aid Tax refund
4.990
212.610
Expenditure
Architect fees
11.073
1.283
7,502
Structural Engineer
National Grid
19,858
Unrestricted Balance as at 31 December 2024
192.752
MISSION HUB additional InvestmenL'
2000 CBF Church of England InNestment Fd Income Units
Value @ 31 Dec 2024: £46.245 (31 Dec 2023 £45,210)
TOWER FUND
Unrestrlcted (deslgnatèd)
Balance as at 1 January 2024
Restricted
6,766
Balance as at 1 January 2024
Income
1.942
Donatlons
Tax refund
1,190
136
1.326
3,268
10.034
4,200
5,834
Expendlture
Pinnacles & SuNey
Unreslricted Balance as at 31 Decèmber 2024
[13]

VICAR & CHURCHWARDENS. RELIGIOUS EDUCATION FUND
R•stricted
Balance at 1 January 2024
Income
CBF Fund income
3.242
1.465
4.707
Balance as at 31 December 2024
VICAR & CHURCHWARDENS, DISCREfioNARY FUND
Restrieted
Balance at 1 January 2024
Income
CBF Fund income
2.927
142
3.069
Expenditure
Balance as at 31 Decembor 2024
150
2,919
SCHEDULE OF CHARITABLE AND MISSION GIVING
From
Collections
and Events
From
Church
Funds
TOTAL
National Churches Trust
Somerset Churches Trust
MU Souls ofour Shoes
Childrens Society
Open Door
Toilet Twinning
50
50
50
50
400
152
301
400
152
301
244
244
1,097
100
1.197
[14]