TAUNTON MINSTER Parochial Church Couneil of the Ecclesiastical Parish of Saint Mary Magdalene Taunton ANNUAL REPORT and ACCOUNTS 2025 AUNTON INSTER ST MARY MAGDALENE To know Christ better and make Christ better known
REFERENCE AND ADMINISTRATIVE INFORMATION Nydme: Taunton Minster (PCC of St Mary Magdalene Churc14 Taunton) Loeation: Taunton MAnst¢r, Church Square. Taunton TAI I SA Corre$ponden¢¢ Addr¢$s: PCC Secretary clo Benefice Offic4 IKhirli8i8 lane, Taunton TAI ISQ e-ntsil: otYiLeio,tauiit()nminster.or 7 www.tauntonminster.org PCC Memb¢rshfip as of 31 December 2025: Alan Ladd Reverend Louise Bale Reverend Gwen Smith Reverend Caryl Plewes. Lesley Webb Ray Tully. Claire Mort Marléne Phillips Paul Hughes Georgina Morgan Sandra Jordan Caroline Lee Victoria Black Alli Saltrese-Taylor Charlotle Brand Nicola Johnson Andrew Crookes Robin Williams Nick Mort Julia Trigg Nigel Birkett (Co-opted) Acting Chair Associate Vicar (Non-Stipendiary} Associat¢ Priest (Non-stipendiary) Curatc ChuTchwarden Churchwarden Deanery Synod Deanery s0d Deanery Synod *Standing Committee members Jonathan Drew Andrew Lewis Nigel BÈrkett PCC Secretary Legal Advisor Honorary Treasurer DAy-dAY Management SiaDding Committee STRUCTURE. GOVERNANCE AND MANAGEMENT The PgrochiAI Church Council (PCC) The Parochial chL'b Council is a corporate body ¢stablish¢d by the Church of England. Th¢ PCC operates under the Parochial Church Council Powers Measure. In accordance with ststute the PCC is registred with the Charity Commission under 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.
PCC Org¥dllisYdtion The PCC meets ai least l O tim a year. Each member is also a member of one of the 3 main Committees: Worship, Youth and Children, Environm¢nt, Communicaiions and Finance & Property. A Standing Committee comprising the Chair, Ass(Kiale Priests, Curates. Churchwardens, PCC Secretary and normally two representative members of th¢ PCC, meets as necessary between PCC mectings. ACTING CHAIR'S REPORT Annual Report to APCM INTRODUCTION Taunton Minster is a Church of England parish church in the diocese of Bath & Wells. We are at the heart of Taunton and support our community by being the Civic Church for the town and Teaching out in many different M'ays to its population. We are part of a Benefic¢ which includes St John the Evangelist. Our rnission is "To know Christ better and make Christ better known" and our church is welcome lo everyone, a place of fellowship, prayer and quietn¢ss wh¢n needeL MINISTRY TEAM We experienced sorne major ¢hang¢s during the year. During F¢bruary our previous Curate the Rev, Jamie Fox was licensed to be the new Rector of Wiveliscombe and the Hills. In June our new Curate. the R¢v. Caryl Plewes, was ordained at Wells Cathedral and joined us in July. Sh¢ and h¢r husband Mike already make a significant contribution to the work of the Minster. Finally, following a summer resignation, in October we said goodbye to the Rev Tobie Osmond our Vicar. together with his family, as he set off on a new lifestyle venture. His farewell cel¢bration was supported by many people from our church, Benefice and local ¢ommunity which resulted from Tobie's work in strengthening our external links during his time with us. We are now in a period of "Vacancy" and we are extremely grateful for the work of our remarkable team, the R¢v Louise Bale, Rev Gwen Smith, Rev Caryl Plewes and supported by Rev Ben Wbitworth and our Lay Worship As%isLfftts, Valerie Gaskell and Alli Saltrese-Taylor, who continue to deliver our established pattem of worship. CHURCHWARDENS & STAFF The role of Churchwardens is ncver easy as they play a significant part in the sM£th running of our church and are in facl our Bishops, representatives here at the Minst¢r. So our grate1 thanks Inust be extended to Ray Tully and Lesley Webb for their hard work durAng the year. Sadly following a serious illness Ray has been on long terni absence sin¢¢ October. This coincided wilh the start of OUT Vacancy wh¢n Churchwardens tak¢ on extra responsibilities. Lesley has given a significant amount of time and effort in dealing with all her duties during this dilcult time. Our loyal staff also deserve our thanks for their support durtng the year namely Mile5. our Music Director. Margaret & Susanne our Administration team. and Jason & Brian our Verger team. VOLUNTEERS Our church has a reputation for offering a warm welcorne to everyone and with ihe amenities of the Gifts & Books Shop and Coffee Shop a place of fellowship and learning. None of this is possible without the blessing of those who volunteer th¢ir time and talents here at the Minster. To our Deputy Wardens, Sides People, Welcomers, Tearn Leaders, Committee representatives and every other Volunteer in whatever capacity a huge thank you. We alway5 n¢¢d more so don't be shy. WORSH]P & MUSIC Thanks to the Clergy Team we conlinue to provide a broad range of services throughout the Mollt a feature that is cclebrated by our congregation. 121
The Minster has a strong musical tradition and our adult choir and choristers go from strength to strengtb. Thanks to Miles our choristers in particular have grown in numbers during ihe ycaT and how joyfid it is to see them play a big part in reading5 and prdy¢rs during our family services. Our Father Willis organ is well played by Miles, Andrew and John and this year we have had the benefit of our young student Henry joining the team. Sometimes overlooked lets not forget our Flow¢r Team who adorn our church every week and at special feslivals with their wonde1 displays. CHILDREN & YOUNG PEOPLE Friday ¢v¢nings are reservd for our children and young people. The church is full ofexcitemenl with Young Readers, Chorist¢rs, and Noise participating in their varlous activities. Tckna also m¢ets on a Sunday tnorning during the s¢rvic¢. Thanks to the kind and generous donations of grants, legacies and gifts from our congregation we were able to launch our project to refurbish our Coach House sp¢cifically for the use of children, families and young people. Recently Complet this will be a resource nol only for our church but also for uur communily. Now known as the Minster House, watch its development grow over the coming year as we alibJn with Young Somcrset <ind other charitable organisations. In addition. our links with local schools continues to grow and many visits to our church take plxe especially amund the key festivals ofchrislmas and EasteT. Led by our Ministry T¢am and volunteer4 if you enter the church during one of these visit5 you will witness great joy and satisfaction from everyone involved. PASTORAL CARE Anoth¢r unsung but essenlial service appreciated by all who use it, is available from our Clergy Teaftn, our Pastoral Care Coordinator Margarei Austin and her team, together with our Prayer Minislry team. Confidenti&l support is given to all in need. SAFEGUARDING A Church of England hot topic: Alli Saltrese Taylor has led a sm811 team in ensuring everyone who enters the Minster comes into a saf¢ and secure environment. They have worked r¢ally haTd to ensure we have the coffect polici and procedures in place throughout the church and continue to offer gUIde and training where nceded. Applicatiott and compliance is essential to all who lead or are involved in many of the activities that tske place. CONCLUSION There are many groups and activities too numerous to mention in my report but please review them all in the special brochure provided. But I must mention ihe important governance work which takes place principally by my colleagues on the PCC and our associaled committees. We meet ten titlles a year and sub-commilt¢es generally meet quarterly. I thank them for their dedication to the sorn¢times ovenvhelming tasks presented, especially during thc Vacancy, and also for their kindness and patience with me! ! Finally, our special thanks as a church must be lo Nig¢l Birk¢tt (Treasurer) and Margarct Allen (Assistant Tr¢asurer) for all their exemplary service during this and previous years in keeping us financially viable. providing transparent reports and maintaining sound fmancial records. Nigel now steps down as Treasurer and is replaced by Jonathan Drew with continu¢d support from Margaret and newly appointed AC Mole LLP Accouniants. Alan Ladd Minster PCC.. Acting Chair
FINANCIAL REVIEW The big money story of the year is the successful development of Minster House. The first-floor flat is let, our young people are using the ground floor Mission Hub on Friday nights, and Young Somersei are using it during the day from Tuesday to Friday. All this is thanks to the great response from members to the early summer appeal for donations to cover the Shortfall needed to complete th¢ project. Our faith has been justified! The vision to provide for the growrth of our work with childr¢n and young people first became a reality in 2017 when ihe Diocese decided to scll the old vicarage. After much deliberation on our Proposal io take over the ground floor garage, semi-daached to the vicarage in the corner of the churchyard, the Diocese agreed but only if we included the derelict flat above. Although w¢ were reluctant to take on the Additional cost this would entail, we agreed knowing this could give us a sourc¢ of additional income for the IoT] Planning p¢miission for the development of what is now known as Minster House was granted in August 2018. At that slage, w¢ had to find money to meet Solicitors. knhitects. Planners, Surveyors and Valuers costs for all the work planned for th¢ Grade 2 listed property. Covid intervened to delay matters but a successfiEI grant hpplication to the All Churches T$t in 2021 together with a significant legacy helped mitigate those professional costs and enabled us lo cary out Te-roofing work which also kept alive tbe Planning Pennission. Mor¢ l¢gacies fi]nded the completion of the Coffee Shop development and then continued to be received over the ncxt 3 years to encouTage us to move this project forward. So. in 2024 we went out to l¢nd¢r against a background of steep increases in the Cost of building materials. However, we overcame the shock of the tendercd prices and moved forward in faith before news came of a large grant from the Garfield Weston Charitsble Trust. Thank you to everyone who has supported this project over the years. It provides Taunton Minster with a wonderfully v¢rsatile ground floor space and an in¢om¢ to support our ministry amongst young people. Beyond this project our general finances have had a solid year. Platmed Giving fell slighily over the year but this was offset by a strong in¢r¢a5e in visjtor donations. Magdalen¢'s Coffee Shop and the Ciifts and Books shop continue to make a substantial contribution toward our overall costs, with over £76,000 net Profit. This is despiie a 320/th increase in costs, partly du¢ to rental cosls for a new wffee machine. We were able to raise our Benefi¢e Share contribution by 80/0 to £94,000 but less than the £107,000 T¢qU¢St¢d by the Diocese. With the 5-year period of transition to a lower level of expected contribution from our Benefice now into its 2 year, our Challenge for 2026 is to raise our ¢ontribution to just over £ioo,000. RESERVES POLICY AND FufuRE COMMITMENTS Our General Fund reserve remains at £45.000 representing jusi 2 month5, expenditure. With our Benefice Share payment still below the requesled contribution. we shall continue to hold our RIxee at that minimum l¢v¢l as we seek to raise our contribution to the annually adjusted sum sought. We have been challenged to make up for shortfalls in our level of contributions over the last 5 years but have responded to assure that we will do all w¢ can to at least fully meet the annual contributions requ¢st¢d in the years ahead.
We face increased cost challenges as identified by the last quinquennia] inspection of the church building and the ever-growing cost of managing the weathering of the tower. With HM Government restricting th¢ grani funding available to cover the cost of VAT on repairs to Listed Places of Worship, for the firsl time we have experienced our application for such a grant tUTn¢d down &8 the pot of funding had been used up. All these challenges serve to emphasise th¢ n¢ed to reverse the decline in the level of Planned Cliving, not only to meet the influtionary pressures we face but to fulfill our responsibilitkes to support less (ortunat¢ paTish¢5 in our Dioc¢s¢ through our B¢nefice Share contribution. As we move inlo a new phase for our finances following the growth of our income from our SIpS and lettings. we are now support¢d by the pmfessional accountancy firn) A C Mole LLP who are experienced in the structural r¢quir¢m¢nts for charities reliant on transactional as well as voluntary income.
TAuKfoN MINSTFi IParochial Church Coun¢il olst Mary Magd*l•ne. Taunlon) Balanc• Sheet a•¥t 31 Dg¢embor 2026 24 Note FIXU> A8SErs Tangible Imestmeftt CURREKf ASSETS Stk 4.062 Debtor3 19,327 18.587 Short Cyosbts 104.099 284.276 Cash at bank and In hand 30,353 12.977 187.841 320.884 LIABILITIE8 cr0- amounts &lllng dve In on8 yegr 26,e88 9,584 NET CURRETrif ASSErs 130,973 311.100 Tdal assets less cuwent Il¥bilities 130,9n 311,100 CrethtC- aMnIS fglllng aft cffle year TOTAL NET Assgrg 120.973 311.100 PAR18H FUNDS Unrestrfcted 93.S24 280,510 Restrt¢tsd 37.449 30.590 130,9n 311.100 ed by the Pare1•1 p¢h Council on Alan Lodd Acllng Chair 26" March 2026
TAUIITON MINSTEI (Paro¢hlal Church Court¢ll of SL PAAry Magd•leno. Tauntryi) Statemont of Finan¢i&l AcllvMl••for tho yoar endlng 31 Decefflbgr 21128 Unr•slTlcted R¢gtrlctod Funds Funds TOTAL FUNOS 2025 INCOME Voluntary Incoma Actlthlés tr genernting ffiJndB Church Actlkltles Inwsting actiiities Extrthlnary item 21a) 2(b) 210) 21dl 21e) 159,236 116.488 17.157 6.261 46,345 3,452 205,581 119.940 17.157 232.175 117,6S 12.17Y 11.755 6,742 1,327 89.970 Total Incom• 299.142 121.094 420,236 3BO.545 EXPENDITI Church ACtitIeS Actimties frjr gener*ing fimd8 ExtraortlFn8ry ftemB 3(0) 231,7TT 36.938 218.629 2.440 1.898 109.897 234.217 38.8 326,528 213,688 32,0 27,073 3(G) Tol•l &(pgndltyrn 486.344 11£235 599.679 273,701 Income betso ¢Xhw Mcolse goins and 108¥• (188.202) Rw•lUaIk of stock in Gifts & 8o2ks ¥frbJp 6,859 (179.343> 108,844 412 Net Mov•m•nt In Fund• 11¥9B41 1160.126> 107.256 Balane•s brought fonvard 1 January 2025 380.508 30,6 311,098 203,842 B•lane•• carrl•d lonma 31 D•umbBr 2tr25 37.449 130.973 311,098 [71
- I CHARITY COMMISSION Independent examinerfs report on the FOR ENGLAND AND WALES accounts Section A Independent Examiner's Report Report to the trusteesl members of | TAUNTON MINSTER {ST MARY MAGDALENE TAUNTON PCC) On accounts for the year ended Charity no (if any) 1134818 31 December 2025 Set out on pages 6-15 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3111212025 As the charity's trustees, you are responsible for the preparation of th8 accounts In accordance with the requirements of Ihe Charities Act 2011 ('the Act.). Responsibilities and basis of report I report in respect of my examination of the Trust's accounts carried oui under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charty Commission under section 145{5)(b} of the Act. Independent examiner's ststement The charty's gross income exceeded £250,000 and l am qualified lo undertake the examination by being a qualified member of I have completed my examination. I confimi that no material matters have come to my attenlion in connection with the examination (other than that disclosed below") which giv8s me cause to believe that in. any material respect.. the accounting records were not kept in aGGordance with section 130 of the Charities A¢t- or the accounts did not accord wilh the accounting records. or the accounts did not comply with the applicable requirements oncerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the acwunts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no ¢oncerns and have cotne across no other matters in connection with the examination tD which attention should be dravm in this report in order to enable a proper understanding of the accounts to te reached. Please delete the woffls in the brackets rf they do not appty. Date: Name: Relevant professional qualification{s) or body (rf any}: IER [8]
Note&to tbe finalldAI 8tatememts l. A¢eouDtin (FRS102). The finaDGial ststUD¢nts hav¢ b¢NI prepaToI wthr the histixical Gost ¢onverrtic• except for the valuation of 1th arn shown at mats value. The fmèncial statements include ail trAns8ctsons. assets and liabilities for which the PCC is resp)n$iTr•le in law. They do not include gathttings of church members. Funds ftcqn inv¢Sts> of the endowm¢nt may Ix either as re5tsictsl or unLtthLed funds R¢stri¢ted funth r¢pr¢sent{a) income from tru#s or¢ndowmrnts whichmay beexpended (mly on those ststri¢t¢d objects provlld in the t¢rnis of the st or Ixque¢ 2nd (b) donations or Tr¢eiv¢d for a $CIfiC pw or iovited by th8 PCC fot a sp]fiC obj¢cL Th¢ fjJJ may omty be eX[thd on th¢ s£lfi¢ obje4t for wbi¢h they were givfflL kny balance$ t¢n)8lningwatthe end oftheywmustbe lica foard8 bBl8n¢e onthatfund The PCC do¢s not usually invert separately for ¢a¢h fund Wh¢r¢ thcr¢ is no separate inveskn¢ni inteTr# is aFportioned to iDdividual fimds on an Aver4t bAIKe basi& Unr&ictsd fimds aregeneral fiTnds whi¢h ¢mb¢udforPCC ordinary ordeSlWedpu4. Ineome recognized when the in¢orning resourez to which thy r¢lat¢ th re1ve. Grants and legacie3 aro 0nted for when the PCC is Eegally urtitkd to the anWU due. DiTri¢knds 4r¢ accountAblewhen r#dvabl< intertst is accrued for gro&q. Eypelldltm a binding or ¢tnve obligation on the PCC. The dioce5aD wish $lwT¢ is a¢nd for Wh d. Amouots nccived specifi¢aJly for mi&8Aon are dealt with as r&stricted fund& All oth¢r¢xpdItsl is g¢n¢rnlly 8lsed Wh it is incutred al K8 ac£ounted for $.96(2Xa) of the Charities Act 1983. Movable fim)ishing8 heldbytheviraraT chu[d on SP181 trust foTthe PCC and whi¢h a fa¢uhy for dI5Frfjy in81ienable propety, listed in the church's inv• whi¢hcan be in4)ted (atonyTeosoTJabletim¢). For anything acquiredFfiorto2000 there is insufficient cost information Availabk 8od therefore such ate 5t valu¢d in fllJan¢ial statement& SubsequeAtly no indivi(luai it¢m wst more than £1,000 all Equipment within the Churth ptemi8es is (kpreciated on a strnight.lin¢ basis over four y¢8rs. Individual itthhs of equi1% with a yuchase pric% of £2.500 or less ere vrtitteD off when tke is acquired. [9]
TAUNTON MINSTER Iparochial Church Councll of SL IAary Magdalene. Taunton) Statsment of Flnan¢lal Actlvlllo$for the yèar endlng 31 Doc•mb•r 202 S Z INCOME Unrestrlcted Fur5 82,636 13.672 22.589 16,462 23.8TT 159.Z76 Restrictèd Funds TOTAL FUNDS 2025 2024 82,836 84,878 13,672 13.421 26,839 24.979 58,557 11,602 23,877 97.295 205.581 232,174 2(a) Voluntary Income Plann6d Gl*ing Plate Collections Gift Aid re¢l8im8d Donations, appeals etc. Legacies 4,250 42,095 2{b} Acilvltl•8 for 96neratlng funds Fund raising eNents Bcw)kshop Coffee ShLw Magazlne 5,307 13,439 94.429 3,314 116.488 3.452 8.758 13.439 94,429 3.314 119.940 9.742 13,795 91.143 3,016 117,696 3,452 2{cl Church Aetivitiès Letting of church properties Fèès 14,780 2,377 17.157 14.780 2.377 17.157 9.394 2.783 12,177 2{dl Investlng actlvltles Interest 6.261 6.261 1.327 1.327 7,588 7.588 11,755 11.755 2{el Extraordlnary Items Church Weekend Away nI Minster Hwse Grants Sale of in%estmènt 6,742 25,OC(J 44,970 09.970 25,000 44,970 69.970 6.742 TOTAL INCOME 299.142 121.094 420.236 380.545 [10]
TAUNTON MINSTER (Parochial Church Councll of St Mary Magdal¢n8. Taunton) statsmonl of FInala1 AGtlvitiosfor th• yoar endlng 31 Dgcamb8r 2025 3. EXPENDITURE Unr•strlcted Funds Restricted Funds TOTAL FUNDS 2025 3(0> Church a¢tivitigs Mission and Charitable Gimng Home O¥etseas 2024 200 1.683 953 244 1,197 250 1.683 1.933 Ministry.. Diocesan Benèficè share Other mlnistry costs Church nAnning costs Repairs, renewals & general upkeep Salary 8nd fe85 Officé & domestSc costs 94,000 3.198 34.579 20.090 68,998 10.662 231.777 87.1 3.208 34,579 20.837 68.998 10.662 234.21T 34.010 13,750 61,357 13,318 213.668 747 Actlvltlo$ for goneratlng funds Cost of fund l$ing wnls Bookshop Coffee Shop 5.964 7,032 23,942 36,938 1.898 7.862 7.032 23,942 38.836 7.666 7,210 18.¢)84 32,0 1.898 ¥c) Extraordlnary Items Minster House= Mission Hub Build retentlon duo Sept 2026 Youth En15M Grsnt 216.629 94,024 15,666 207 109.897 310,653 15,666 207 326,526 19,858 216.629 27,073 TOTAL EXPENDITURE 485,344 114.235 $99.$79 273.701 Trustees and Staff remuneration #nd oth•r transactlonB Salary and fees were paid to Ihe Verger. Music Director and Facillties Officer. Fee5 were also pai¢J .0 Organists and Adminlstrators. The total donations rece1 from the Truste65 or any ralated partl withoul conditlons amounted lo £49,000 Contribution5 to the C of E Church Workers Pension Fund for benefit ( tw employoes totalled:£1.831 includiThJ for knfe co.
TAUTr0N MINSTER IParochlal Church CounGII of St. Mary Magdalene, Taunton) Litement of Flnancial Actlvlll•s for tha yaar •ndlng 31 De¢omb•r 20, 25 FIXEO ASss 202S 2024 Tangible Instmen1$ Depreciation CURRENT ASSETS: SUNDRY DEBTORS Tax recoNerable - Unrestricted Tax recrnrable - Restricted Unrestrfcte(I debloTS 19,327 15,703 434 2.451 18.588 19.327 LIABILITIES: SUNDRY CREDITORS Lknrestrictl Restrtcted 9.917 16,951 26.868 9,269 315 PARISH FUNDS 3111W2024 Mov•m8nt 3111212025 Unrestrlctsd Funds Deslgnated Fund8 Fabric fvnd Minster House: Mlsslon Hub Tower ftjnd General ftJMI re$eNe Muslc Fund Tolal dosignated fund8 22,918 192.752 5.834 45.000 {1.433} 265.071 4.234 1192.752) 14.5151 27,152 1,319 45.000 1.433 1191.600) 73,471 Genernl Fund 15.437 4.816 20,053 Tolal unrestricted funds 280.508 (186.984) 93,524 R¢strlcted funds Vicar & Churchwardens REd'. acc income Vlcar & Churchwardens Disc fvnd Flower fund Bell fvnd Min$ter House.. Misslon Hub Youth E¥Bngelism Grant Churth weekend Fund BelIringe Fund Total r061rlctod funds 4.707 2,919 2.229 14,570 1.189 128 {154} {162) 5.896 &047 2.075 14,408 207 1.160 4,796 30,590 25 6.859 4,821 37.449 TOTAL FUNDS 311,098 1180.12 130.973
SCHEDULE OF CHARITABLE AND MISSION GIVING From TOTAL Collectlons Church and Events Funds Bath & Vvells ZAMB Fd Greater Churches As$oGiation National Churches Trust 1Crf) Somersel Churches Trust Riflés Bèno4oltrnt S MS Society Ron Tickner EdTrust Royal British Legion Childrens Society 700 7(X) 244 214 125 214 125 1.733 250 1,933 2025 RESTRICTED and DESIGNATED FUNDS FABRIC FUND Unrèstrieted (dèsignated) Balance as at 1 January 2025 Income CBF inc MemLyial window LPOW Grants Blke Rack donatSons 22,918 1,764 800 1,694 2,719 6,777 29,695 Expendlture Etch D8slgns Professional fees 395 2.148 2,543 27.152 Balanc• as at 31 D•c•mb•r 2025 MINSTER HOUSE: Mission Hub Unrestriclod Idg5ignatsd) Balanc& as at 1 January 2025 Income Legacies 192.752 23.877 216.829 Re*lcted Income Donatlons Sale of Instment Granls Inc Youth EngelISM Gift Aid Tax Rgfvnd 41.510 44.970 25,207 4.250 115,937 332,566 Expendlture Building Contractor EltriltY & Water supply Professional fees 274.140 21.130 11,079 3,878 15.666 833 Fittings Build retention (Sept 2026) Sundry exp&n$¢$ Restrlcted Balance as at 31 Decembev 2025 326.526 [131
TOWER FUND Unrerfcted Ideslgnalod) Balance as at 1 January 2(r25 Restrl¢t•d Income Donations 585 6,419 5,100 1.319 Expenditure Survey & Repairs Unrestrictsd Balanc• at 31 D•c•mber 2025 VICAR & CHURCHWARDENS. RELIGIOUS EDUCATION FUND Restrlcted Balae a11 January 2025 Income CBF Fund income 4.707 1,199 ExperKliture Balance asat 31 D•c•mber 2025 5.896 VICAR & CHURCHVWARDENS. DISCRETIONARY FUND R?rfcted Balance at 1 January 2025 Income CBF Fun(S income 2,919 128 3.047 Expenditure Balance a$ at 31 00Mber 2025 3,047 BELL FUND Balance * 1 January 2025 Expenditure: Boll rows (Nov 2024} Balance a8 at 31 December 2025 14.570 162 14,408 114]