Thornbury Church- 1137265 Annual Report & Accounts 2025 Thornbury Parochial Church Council 2025 Annual Report and Accounts Charlty Number 113 7265 '4LY Thornbury Church- 1137265 Annual Report & Accounts 2025 Index Page Table of contents Report of the Trustees Statement of Trustee Responsibilities Independent examlner's report Statement of Financial Activities Balance Sheet io Notes to flnancial statements 11-19 Appendlces: A St Marls Legal Information 20 Sub-committees and groups 21 reporting to the PCC C Church Hall Legal Information 22 Thornbury Church- 1137265 Annual Report & AG¢ounts 2025 Trustees Annual Report for 2025 Legal and administratlve Parish Legal and administrative information, including details of the Parochial Church Councll IPCCI members who seNed during the year, is shown in Appendix A. Alms and organlsatlon The maln purpose of the PCC is deflned in the Parochlal Church Counclls IPowers1 Measure 1956 as 'tO Co-operate with the minister in promotin8 Iri the parish the whole mission of the Church, pastoral, evangelistlc, social and ecumenical,. The PCC meets 10 tlmes In the year. Between these meetlngs buslness Is transacted by the Standing Committee. Other subcommlttees and groups reportbng to the PCC are shown in Appendlx 8. The revised electoral roll report is to be presented at the Annual Parochial Church Meeting IAPCMI. Services took place at both St Marfs and St Paul's, and oecaslonally Sn the Church Hall. There was a varlety of 5ervice5, at different tlme5, to cater for the different congregatlon5, and to allow for the avallablllty ef ordalned and lay mlnlsters, A regular pattern of worship is now estab115hed. Revlew of progress and achlevements 2025 followed a pattern of regular servlces and actlvltles wlthln the Parlsh led by Revd Joy and supported by our whole rnlnlstry team, lay and ordalned. We also welcomed Revd Helen Hill to the Beneflce, Ilcensed and comm15sloned by the blshop as our assoclate minlster In May. Allce Keehn continues the role of office admlnlstrator and PA to Revd loy and contlnues to be an Invaluable member of the team. Alongslde her role as Lay Funeral Mlnlster, Llzzle lones fTn15hed out the year as our Llfe Events coordlnator, handlng over the rein5 to sian Ho88 In January 2026. Our Director of MusSc has contlnued to develop and graw the cholr and chalr our muslc commlttee, whlch contlnue to have huge success wlth the monthly concert serles, and wlth the additlonal spectacle thls year of 8 concert evenlng wlth Ge5ualdo 6, as part of our Autumn Festlval week. The successful re-orderlng of the back of St Marvs has opened the church to use from across the wlder communlty as well a5 faclllt¥tin8 tlme to6ether In fellowshlp followlng our worshlp. Thls ha5 been celebrated by a wide number of groups from the local area and continues to enable us to grow our mlsslon and mlnlstry, and our place wlthln the Town a5 a cultural hub and centre of welcome. Flnally, as ever, we have had to bld a sad farewel5 to many of our church communlty who contributed to our Parish in so many ways. Plans to run a stewardshlp campalgn In 2026 are In place to enable a hopeful growth of the regular Income that has been affected by these losses. But we also pray In love and gratltude for all they offered through the years of their time and talents, that they would rest in peace. Many others who are no longer so mobile use our live-streamed services each Sunday for thelr worshlp. Thls Includes whole communities joining online from our local care homes lincluding Grace Care, Beech House and our newest Tudor Care Home opened in 20251. New volunteers would be greatly welcomed to Brow our capaclty to run these services into the future. Thornbury Church- 1137265 Annual Report& Accounts 2025 Review of Financial Activitie5 and Affair5 We are truly fortunate in having generous and committed congregation5 who give regularlyi whether usSng the Planned Giving Scheme or Standing Orders. Income, excluding legacies, has increased year on year thanks to this generosity, and also due to increases in investment deposit interest. Occasional income and investment income weTe up on previous vears a5 we develop in these areas. In 2025, other income increased, as the hugely successful entertainment and outreach 'Autumn Festival, occurred, but alsu from smaller events Ilke.. film nlghts, è barn dance, Sunday lunches and several concerts, all provlding extra income for the church. Expenditure increased overall and at a greater rate than standard inflation. Expenses relating to the Autumn Festival, which had a net surplus, added to this. Lay salarles have Increased, wlth new caretaker role and increases in hours and activlty In support of weddings / funerals. An Increase In Utility bllls has occurred, as for all. We re-fixed our rate forthe gas and elettrlclty In late 2024 and kept our supply wlth Ecotrlclty, a more 5UStalnable suppller, as part of our Eco Church endeavours. Thls year there is very Ilmited re-urderlng expense, just the retained portion of payment for prevlous works. The Statement of Flnanclal Artlvlty shows an overall net deflclt for the year of £28,264, but a surplus of £11,743 is seen before the unrealised loss on Investment assets of £40,008. Total funds have thus sllghtly decreased from £1,585,486 brought forward to £1,557,222 carried forward. The Church Hall accounts a150 show a small surplus thls year, wlth less capltal fabrlc spend than prevlously. A lot rnore Inforrnat1on on each fund can be found In note$ 12113 to the account5, Investments contlnue to be made to ensure a safe, but competltlve rate-of return across all funds. Bank and Deposlt Interest rates peaked in 2024,, there Is Ilttle to be 8alned from rnuvlnB any of our bank deposlts. We contlnue to bank wlth Natwest as the DI0￿se has an agreement that all Its churche5 get Interest on thelr balances, although we do pay bank char8es on both current accounts. We continue to keep the Coventry Charltles saver account. The PCC wlll contlnue to make every effort to safeguard the fund5 in the best way posslble. Many thanks to all those who give generously of thelr rnoneyi tlme and support in so many dlfferent ways. Planned Glvlnl and the Parlsh Glvlng Scheme The number of regular glvers, whether in the Dlocesan scheme or by Standlng Order, ha5 galned 10 regular givers, but decreased by 13 over the year to December 2025, 50 a net decrease of 3. Over some years a con51derable attritlon has taken place, whlch Is concernlng as we rely on thls Income for our day-to-day expendlture. This Is a matter that the PCC wlll need to address and a plan Is being formulated. 47% of our regular givers do index their givin8 for Inflation, which provldes a much needed boost ègalnst Strong Impact on costs of Inflation alone. Whi15t most donor5 do Gift Aid their donatlons, not all do and we will encourage Gift Aid. Thank you all for your continued commitment to our minlstry, and for revlewing or increaslng your givln& equally thanks to Denise lone5 for her work as Planned Giving Recorder. A second contactless paymeni maehlne has been added to the exlstlng one In St Marfs, usage of these Is Increa51n& as people Increasingly pay by card and devlces. Thombury Church- 1137265 Annual Report & A¢¢ounts 2025 Use of Retalned Funds IRe5erves) The Charity Commission require5 the PCC to comment on the slze and use of retained funds. The Genor31 Fund ¢over5 the cost of our ministry, staff costs. Parish Share and routine up-keep of our buildings. The operating balance we hold in that fund is around a third of our annual expenditure. We 3150 have designated funds for specific allocatod items of spend as decided by the PCC. We have a Hall complex and two church buildings to maintain, one of which is Grade I listed and In constant need of speclalist attention, partlcularly regarding its ma50nry. The funds we hold are insufficient to cover all the thlngs we would need to do to maintain our buildings and keep them up to date. The restrlcted Robinson legacy 15 only for the fabrlc of St Mary's. The reordering work at the back of St Mary's has delivered Improved storage and expanded the kitchen area and is much appreciated already. This was partly paid for by the Robinson fund, and legacy money held Sn the Designated Fund. Flnanclal Rlsks The major risks can be summarlse(J as follows.. Fallln8 church membershlp. A large number of the congregation Is over 65 and on a reduced Income. Fallure to malntain the numbers of people using the Planned Glving scheme. Only about half of those on the Electoral Roll are regular glvers to Church funds. About a third of our regular Income comes frot)) just a few very generous donors and the1055 of lust one of these would have a 5erlous Impact on our total Income. Meetlng the cost of upkeep and re-orderlng of bulldlngs. Large Pèr15h Share. For the support of mlnlstry In this and other parlshe5 In the dlocese. Rlsln8 St8ff costs due to the need to comply wlth employee le8lslatlon for both salary level and the work-place penslon. The dlfficulty In flndlng people wilh the skllls and the tlme avallable to take up key servlce roles, such as warden or treasurer. Church Hall-Alms, Organlsatlon and Lègal Informatlon The alms of St Mary's Church Hall Trust are contalned in the Thornbury Church Instltute Declaratlon of Trust Deed dated 30th March 1912. Thls estab115hed the Trust to provlde a Hall, Inter alSa,"for any eccleslastlcal purpose or for the purpose of mission service5, Sunday schools or meetlng5 or for any object or purpose havlng In vlew the splrltual, moral, soclal or Intellectual wants, requlrements and welfare of professing members of the Church of England.. The Hall Trust place5 the facility in the absolute Care of the Vlcar and Churchwardens for the tlme being in ofFice. They have the power to appoint Trustees. The orSglnal Custodlan Trustees are all deceased and this role has now been taken by The Gloucester Diocesan Trust. On 27 January 2004 the Vicar and Churchwardens appointed Thornbury PCC to manage the day-to-day admlnSstration of the Hall. Thi5 is undertaken via the Church Hall Sub-cr)mmittee of the PCC, which can Include, ex-offlcio, the Vicar and Wardens. Church Hall Legal and admlnlstratlve Information, including details of the Trustees and Hall Committee members who served durlng the year, Is shown in Appendix C. Thornbury Church~ 1137265 Annual Report & Accounts 2025 Church Hall - Review of Artivities durlng 2025 The major project of the year was the painting of the hall and the replacement of the curtains in the main hall. The old curtains were used to make curtains for the small hall. Many thanks to Sue Pietersen for completing this task. The chairs were professionally cleaned too. In February, the Lrtilities supplier was ¢hanEed to Ortopus energy. The rates for ga5 and electr1¢ were significantly lower than the previous supplier Utility Warehouse. A smart meter was installed in May for the electricity supply, and connection wa5 made to export exce55 electricity generated from the solar panels back to the 8rid. It was not Possible to connect the ga5 supply to the smart meter. The house tenant moved out in the middle of October. Maintenance work has been completed on the house, and a new tenant Is movin8 in in January 2026. A smart meter ha5 now been fitted for the gas and electrl supply in the house. Durlng the year, the number of regular user5 remained at 24. However, a new group 'U3A MahJong2' started usln8 the hall, but the Trainma5ter' play group no longer use the hall. The car park lines were palnted for free in June 2025. Many thanks to WJ South West Limited for such a valued gift. Tom Usherwood very klndly gave the hall an electronlc plano which was no longer In use In hls home. The old, always out of tune, plano was removed. Sadly, Brlan Knott, the assistant treasurer for 16 years, died at the end of June. The hall Committee are extremely grateful for the expertise and commltment he gave to the runnSng of the Church Hall. The general malntenance of the hall and garden cgntSnued to be supported by regular volunteers and worklng partles. Projects planned for 2026 In¢lude'.- Improvlng the loft insulatSon of the srnall hall. Thls Is to be completed Ih January 2026. Further InvestlgatSon to Ilnk a smart meter for the ga5 supply in the hall. Palnt the toilets in the Hall and generally renovate them Instal a separate water meter for the house Repair Hall cellings Consider new cupboards for the kltchen RevSew of flnanclal artlvltles and affalrs- key polnts A net operatlng surplus of £5,865 was recorded for the year as follows.'_ ¢ Church Ha11- Deficlt of £1,181 IDeflclt of £12,780 in 20241 House- Surplus of £7,046 1Surplus of £12,221 in 20241 Annual income from hall lettlngs was £21,7391£21,682 In 20241. The income from regular users increased by £752, whereas the Income from casual users decreased by £695 compared to the prevlou5 year. The hlre charges were increased by £1 per hour in january 2025. Subsldies to hall users for the year were as follows'.- "Ch3rltV dSscounts amounted to £1,4211£1,303 In 20241. Discounts allowed to frequent hall user5 amounted to £4,1801£3,615 In 20241. Deposlt interest on the Church of England Deposit Fund with CCLA Investments rose by £636. • The rental income from the house was down by £2,671. The tenant vacated the premlses durlng October, and the house was not re let untll january 2026. Consequently, the management fees were lower In 202S. Major works-The redecoration of the church hall cost 6,420. FurnishinE costs intluded £2,053 for new Curtains In the hall. The adrninistratlon sundry house cost of £540 was for legal fees for the reposse551on order. Thombury Church- 1137265 Annual Report & Accounts 2025 The cost of both gas & electric decre¥ed significantly by changing our supplier to Ottopu5 Energy. The gas cost was 56% lower than 2024. Gas usage wa5 also le55119,344 KWH compared 21,978 KWH in 2024.1 Electricity costs were down by 75%, Fienefitting from the 501ar panels. The elertricity exported to the grid since June wa5 £371. Water costs rose by 23% thls year. The CCLA dep051t of the £38,429 has been earmarked for resurfating the car park, and the Natwest Bank balance of £16,211 for the projects for 2026 and general repair5. Statement Of Trustees, Responsibilities The trustees and members of the PCC are responsible for preparing the Trustees, Report and the financlal statement5 In accordance with applicable law and United Kingdom Accounting Standards includlng Flnancial Reporting Standard 102.. The Financial Reporting Standard appllcable In the UK and Republic of Ireland Iunlted Kingdom Generally Accepted Accountin8 Pra¢tice}. The law applicable to charltles In England & Wales requires the trustees to prepare flnanclal statements for each financial year which give a true and fair view of the state of affalrs of the charlty and of the income and expenditure of the charlty for that perlod. In preparlng these financial statements, the trustees are requlred to: sele¢t suitable accountlng policies and then apply them consistently,. observe the methods and principles In the Charltles Statement of Recommended Practice ISORPI,. make lud8ment5 and accounting estimates that are reasonable and prudent,. state whether appllcable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the flnanclal statements; and prepare the financlal statements on the going concern basls unless it Is Inapproprlate to presume that the charity will contlnue to function, The trustees are respon55ble for keeplng sufflclent accountlng retords that dlsclose wlth reasonable accuracy at any tlrne the financSal p051tlon of the charity and enable them to ensure that the flnanclal statements comply with the Charities Att 2011, the Charlty (Accounts and Reportsl Regulatlons 2008 and the provlslons of the trust deedlconstltutlon. They are also re5pon51ble for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the preventSon and detectlon of fraud and other Irregularltle5. Sl8ned on behalf of the PCC trustee5: Signed... Name. Date.... Thornbury Church- 1137265 Annual Report & Accounts 2025 Independent Examlnels Report I report on the accounts of The Parochial Church Council of the Eccleslastlcal Parlsh of Thornbury. Bristol, registered charity no. 1137265 for the year ended 31 December 2025 which are set out on pages 9-19. Respective responsibilitles of the trustee and examSner The charity's trustees are responsible for the preparation of the accounts. The charity's trustee5 consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to.. examlne the accounts under sectlon 145 of the 2011 Act; to follow the procedures laid down in the general Directions glven by the Charity Commisslon under section 14515llbl of the 2011 Act,, and to state whether parti¢ular matters have come to my attentlon. Basls of the Independent examlnerfs report My examination was carried out in accordance with the general Directlons 8lven by the Charlty Commission, An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records, It also includes consideration of any unusual items or dlsclosures In the accounts, and seeking explanations from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit and con5equeDtly no opinion is given as to whether the accounts present a 'true and falr vlew, and the report Is Ilmlted to those matters set out in the statement below. Independent examlner's statement In connectlon wlth my examlnation, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any materlal respect the requirements: to keep accountlng records in accordance with section 130 of the 2011 Act; and b. to prepare accounts whlch accord with the accounting records and comply wlth the accountlng requlrements of the 2011 Act have not been met,. or {21 to which, in my opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be reached. Kenneth Mitchell ACA 19, David's Close Alveston, Bristol BS35 3LR 4th April 2026 tr- 1115111 I Il lilliliili lal Thornbury Church- 1137265 Annual Report & Accounts 2025 BALANCE SHEET -4s at 31n212025 Asat 31112n024 Ftsed •5xets Taogible.4stets 210,000 1,020359 1230J59 10.000 1.060.367 1270J67 Current amets D¢btord C&th.4t BankAnd In Hand 9.474 338,182 347ffj56 38.769 322,106 300175 Llabjlldes CTtditoTr: Amounts Fallin8 the Yn One Year Pmiision ForLiabilitie$L￿e Trfithitt One Yeaf 903 19,890 20,793 2.827 42,930 45,757 Net lem cumt liobilitiei 320,802 315.118 Totsl Assets less current ]l*blUdes IJS7322 1185,486 Reprtsented ￿. Funds: Unrestrleted Ujre￿Ided. C*tteAI Fllndl 55J12 58.845 ikJlp•¢ed Desi8Aated. DesiSll&ted fimd 165.190 175,144 Re&th'cted-ABéttey eolledio Restiicted-Buknl Restneted- Childtett Youth Wo Restricted- FabAe FuELd Restricted . HopkinJ Restiicted Res￿¢ Restrtcted- Music ltscl Choir ReJtricted- RobinJon TnJJt Restiicted-Tr'¢ddiag B¢ll& Fuod Restsi¢ted- Il'edding FloutrsFuAd 020 8,548 24.469 44,921 685,084 10,022 292.043 2,861 395 620 8,548 24,915 52,419 689,758 8,009 303,423 L914 Ettdo*me#t EndoThillent_ Church Hail Property EadoThmettt. Hall de#8aated 210,000 57.756 IJS7222 210.000 51,891 I J8SJ86 Futtd T•t• Slgned By: verend Joy Ludlow Priest in charge, Thornbury wlth St Paul's Parish Date.. io Thornbury Church- 1137265 Annual Report & Accounts 2025 NOTES TO THE ACCOUNTS 1 Accounting Policiès The financial statements have been prepared in accordance with the Statement of Recommended Pr8¢tice'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021, the Charities Act 2011, Ihe Church Accounting Regulations 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements have been prepared under the historical cost convention except for investment assels, which are shown at market value. The charity is a public benefit entity. Funds Unrestrlcled funds represent the funds of the PCC that are not subject to any restrlcllons regardlng thelr use and a￿ avaSlable for appllcatlon on the general purposes of the PCC. Thesè include funds deslgnal6d for a particular purpose by the PCC as dèscribed al note 13. Restricted fund8 are accounted for In accordance with the particular terms of trust arising from the express or implied wish8s of donors in so far 88 these are intended lo be legally binding on the Trustees. The purposé of restricted funds Is déscribed in note 13. Endowmènt funds are wh8r8 the capllal value must be malntaSned, but the income generated by these funds can be used In accordance wllh the restrictions assoclated wlth each 6ndowment. The church hall Is the Endowment fund, and thls16 described in note 13. The 8ccount8 Include transactlons, 8ss8ts and liabilitles for which the PCC can be held responslble. They do not include the accounts of church groups that owe an affiliation to another body, nor those that are Informal gatherings of church members. Fixed A99ets Consecrated land and buildlngs and moveable church furnlshlngs. Consecrated and beneffced property is excluded from the accounts by s10121{al of the Charities Act 2011. The church benefits from the use of such land and buildlngs bul is nol in direot possession of the freehold. No value is placed on moveable church lurnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable PTopety. Consequently,. all expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whelher maintenance or improvement, is written off li Thornbury Church- 1137265 Annual Report & Accounts 2025 Investments Investmenls are valued at market value as at 31 December. 2 Donations and L•ga¢i•s 3111212025 Unlestr￿ted l)eswated Restricted 101,637 220 30,284 iio 5,256 3.125 0,581 327 1,500 Totsl 101,857 30,394 8,381 6.908 1.500 PL9nned tying IGrftAKledl GfftAkl recoverabbe Donatr"ons not GrtA￿ed Church collethons Dlocese contribution to lffe events Legacies other income IOe51gnated: 2025 Auturnn Fethall 1.797 7,316 9.114 Totsl r*)natlon5 and Legacles 147,055 7.316 3.782 158,153 prtoryo•r 3111212024 Unrestrlcted De51gnated Aestrlcted 104,642 350 26,546 171 6,537 4,786 4,000 2.673 715 Totsl 104,992 26.717 9.4ZO 4.786 Parlsh G￿l￿8$Cheme{Gfft Akledl Gfft Akl recoverable [k)nat￿n5 not Grft AKled Church collectlons Dlocese contrfbutlon to lrfe events Legaclès other Income 2.883 52,418 55,091 715 Totsl DonatlonsaThd Legades 149,900 55.822 205.722 3 Incom• from charltabl• actlvM•s 3111212025 Vnrestrlcted Restrlcted Endowment 5,109 1,670 6,247 Tot$1 6,779 6.247 21.739 Fees for weddlng5 Fee5 forfunera15 Church H811 rent81 Income 21,739 Total Charltable Acdvltles 11.350 1.670 21,739 J4.705 P￿or￿AT 3111212024 Unrestr￿ed Re5trlrted Endowment 4.861 7,639 Totsl 5,265 7,597 21,682 Fee5 for weddlngs Feesforfunerals Church Hall rentsl tncorne 404 1,058 21682 Totsl Charftsble ArtMtle5 12500 1462 21682 35644 12 Thornbury Church- 1137265 Annual Report & Accounts 202S 4 Incom• from Inv•stm•nts 3111212025 UnrestrTrLted Restrfcted Endowment 3,637 6.888 2,032 11,908 Total 12,558 11,908 26.817 Interest income Property rental Sncome other Investment Income 3,337 23.480 Total Investment Income 6.975 30.369 13,940 51,283 Prlorye•r 3111212024 Restricted Endowment .711 1,396 14.579 Unrestrlcted 8,383 Total 18,490 14,579 35,441 Interest Income Property fental income Other investment income 3,280 32.161 Totsl Investment Incorne 11.663 40,872 15.975 68,510 IO% of Hopklns Inmme from 5hare$15 pa6d out 95 Port of Mlssk*n Dlsbursements. 6 Oth•r Incom• 3111212025 Restricted Unre5trkted 1,280 245 Total 1,280 245 Oldbury share offlce expenses Mbcellaneous Income Other Income 1,525 l.S25 Prloryear 1111212024 Restrlcted Unrestrfrted 1.620 1.715 Total 1,620 2,238 Oklbury share office expenses MIscellan￿us Income 523 Totsl Other Intome 3.335 523 3,858 13 Thombury Church- 1137265 Annual Report & Accounts 2025 6 Charitabl• Exp•nditur• 3111212025 Designated Re5trKted Endowment 45 Unre5trKted Total 610 3,871 1,396 809 2,226 1.147 C05t of generating incomelcard machine) Church office costs Church Ilowers Chlklren / Youth wo Ofgan & piano tunw Choir & mu5 Church Malntenance stmary's st Pauys Churd) Running costs st Marf5 U￿lItieS st P8ufs ￿til￿e5 st Marfs Insurance st Paurs Insurance Cost of upkeep of servlces Lay Salar*s Church Hall expendllu P8r15h Share Mlnlstry Costs. Ivlcals expenses, subscrlptlonsl Faith sharfng IOÈsignated: 2025 Autumn FÉstfvall M155bngfvkng fjovern8nce. (incl Independent Exam fee I St Mary's Rfrorderlng expenses 565 3,871 981 230 1,440 137 180 235 579 786 I,oio 5,077 952 2.651 1,380 840 8.574 2.332 7,524 1.538 6,613 693 2,392 27,809 7,524 1,538 6,613 693 9,449 27,809 29.814 93,100 4,565 9,925 10,659 3,651 7,fj76 7.056 29,814 93,100 4,536 3,683 9,500 3,051 29 6,242 1,159 7,676 Totsl Chafltablè Expendlture 174,294 10.498 19.376 29,814 233.982 Prforyear 3111212024 Restrtted Unrestrlcted Desiqnated 135 3,802 1,726 267 3,114 133 Endowment Totsl 135 3.802 1,726 1,695 3,504 803 Cost of generattn8 Income (card mathlnel Church office cost5 Church flowers Chlklren l Youth work Organ & pL8notunln8 Cholr & muslc Church Malntenan st Mary's st Paufs Church Runnlng tosts st Marf5 utsIMe5 St Paufs U￿1￿leS st Marfs Insurance st Paufs Insuran£e Cost of upkeep of servte5 Lay S8larles Church Hall expendtture Patsh Sh8r* In15try Costs. Ivk0rf5 expenses. 5ubscr4ptlonsl Fanh 5harln& e¥￿t$, & soclal Mission gwing lexduding Hopkins) Governance, lind Independent Exam fee I 5t Mary's R￿ord￿nE expense5 1,428 390 670 4,744 310 125 4,869 310 9,070 1.874 8,509 589 2,471 23,310 9.070 1,874 8,509 589 2,765 30,623 30,903 93,022 3,221 2.488 11,055 2,098 342,168 294 7,313 30,9Q3 93,022 3.221 2,488 9,550 2,098 1.505 16,039 326,129 Totsl Ch8rltablÈ ExpeTrdlturt 170.434 16.039 330.541 38.216 555.230 14 Thornbury Church- 1137265 Annual Report & Accounts 2025 7 Staff Cost and Tru$t¢¢ Dl$¢106U 31112120 3111212024 staff Wagos lincluda5 caretskerl 26.068 22,262 National insurane8 and pensi Total $tsff costs 27,808 23.310 Church Hall Caretsktr IEndowrn8nt fund) 7,313 Clergy ar8 paid and 8rnployed by Di¢￿￿e of Gloucester. During 2025. the PCC omployod 4 part lime lay workets12024.. 31, a8 W811 as ¢ontra¢ting the servic*$ of sellemployed personnol. The church hall now uses contracted services Iseif-amployedl personnel. No rèmuneration was paid to th8 mem￿r5 of the PCC (known as the charty Trustees) during the year12024. Nill. No exp•nso$ war8 in¢urrt* by tru$tses in the fuifilment of their trusteo obligations. Key management personnel are comprI￿d ol the PCC Tru51e8S togelhgr with th? Rgv. Joy Ludlow (Viurl. Th¢re We￿ no tr8n8aGlions with related partie5 during the y88r. Both churche5 8r8 blessed with the ￿rviC¢S of many volunl8er8, both d•rfeal And lay capacty. It is not possibl• to 8stimat8 tha rinancial value of this, but wrthout this input tho church would not run il¥ full program of worship and aclivitl8$. Flx•d A••ots 3111212026 3111212024 Land.. Church Hall L)nd Inve•tmgnt•'. Hopkins Ras6rv8 CBF C ol E Hopkins Gan$r81 CBF C of E Salmon Cum1• glft- CBF CofE Inv Sh8res G•n•ral 8equèst Fund- CBF CofE Inv Shares Robin$en CBF ICCLAI Inv88tm8nt8 210,000 210.000 105,2e4 427,077 2,895 114,850 109.648 444,ee2 2,998 117,167 Totsl Flx•d A•••ts 1,230,369 1,270,387 Land is Church Halllond held in trust. and IB held 81 deemed cost 8$ It eannet bè sold. Invastmonts ar• in CCLA invèstrnenl$, consisting ol shar•s in Invtstmènl Trusts. 10% of Hopkins share income is used for Mission. Invg8tm •nts Mov?m?nt'. 3111212025 Rest¥lrted 940,202 vnre3tr6rted 120,165 Total 1.060,307 Market Value as at l Januory Investment Income DlSt¢lbuted to Churth 3,338 3,337 23,478 23,479 26,816 26,816 sales of Investments durlng year Ca$h And Short Un￿alised Gains I (Losses) Term Depo81ts MarketVgluÈ • at 31 DÈtèm￿r 3111212025 3111212024 117.745 902.014 1.020.359 Prloryear 3111212024 UnrestrKted Restflcted 117,413 1.044,266 Totsl 1,161,681 Bank Accounts Marketvalueas at l Janu8ry Investment Incorne Distributed to ch￿￿h 3,279 3,280 32,161 32,160 35,440 35,440 Totsl Bank o¢¢ounts Purchases of investments durin8year Unrealised G8in51 IL055esl 130,000 130,000 Marketvalue as at 31 Defember 120.165 940,202 1.060.367 Short t*mi 15 Thornbury Church- 113726S Annual Report & Accounts 2025 curren ass8 Env•s on CBF General Purposes Doposit Hopkias Restricted DepD5it Coventry charity dèp05it Church Hall CCLA deposit fund Robin80n Restricted Deposit 14,304 110,657 61,412 38,429 450 13,500 90,519 59,753 36,397 Total Current A¥$et Investments 260.152 234.467 10 Dgblors 3111212026 4,219 4.021 1.234 3111212024 32,890 2,465 3,097 137 Debtors- general Debtors- Churth Hall Ertdowmènt A￿r￿ed Inlere$t on invgJtm¢nts Prepaym8nls Total Debtor8 9A74 38,769 Tha majority of the decreased 2025 bol¥nce1s due 19 o prv)r y80r VAT reclaim for the St Mary's ra-ordering prolecl. 11 Crndltor• 3111W2026 19,890 903 3111212024 Cr•ditor8- ganeral Cr8dltor¥- ChU￿h H811 Endowment Olhgr 42,490 1,903 TotAI Credltorn 20.793 4S.217 The moSortly of tho ￿¢r￿$sOd 2025 balanca Is du• to prlor y88r gccru8d Invo￿8$ lor th• St Mary'¥ rg-ordarfng project. 16 Thombury Church- 1137265 Annual Report & Accounts 2025 12 Movoment in Fund8 over year F￿d balanc81 crffjirwj Re8￿CeS Gakns and Furhd baknncos Los$o1 Carrhd fot¥Ard FUNI b[wfor￿[d Transferg Resources General Furth: G9n8ral lund 58.045 166,909 174.294 6.271 -2,421 55.312 Designated 175.144 4.031 5,923 185,190 Dosl9natsd Aulumn fèslval 7,310 6.468 R•strict•d Funds: Bells Fund 1,914 1,457 510 2,861 Bubjmbo Fund 8.548 8.548 Chlldren Iyoukn Fund 24,915 608 24,469 Fabrlc Fund 52.419 7,497 44.921 owers Fund 630 235 395 Hopklns Rasldcled Fund 689.758 18.653 1,159 -22,168 685.084 Muslc ltholr Fund 8,009 3204 1,691 10,022 Roblnson fvnd 303,423 11.715 7,676 -15,4f9 292.043 Olher- Agen 620 620 Church Hall G&norn1 51,891 35.679 29,814 57,756 Churth Hall Property 210,000 210,000 Totsl Funds 86 245 716 233 982 22 13 Explanatlon of Fund• We operate 4 types ol fund. The General Fund covers day to day income and expendlture and can be used for the whole Parish. The Designated Fund is earmarked for major prolerts, whlle the Restrlcted Funds are for specifie expenditure using income ralsed or donated for such purposes, as detalled in the notes. We no longer have a 'Reserves" fund (what we used to think of as 'savings"I, so we need to keep a surplus and operatSng balance on our General Fund, sufficient to cover a year of salaries or three to four months of out-goings or any emergency that might arise. For thi5 rea50n, we now keep a balance of about £70k- £80k on the General Fund.1£55,312 at 2025 endl. General lunrestrl¢tedl Fund Outsoings exceeded income of this fund by £1,461. Two transfers In from the deslgnated funds added to funds as below, but we lost on investments for £2,421 this year. autumn festival designated surplu5 (see belowl gained £348 designated caretaker role where general fund received £5,293 Desl8nated Fund lincludlng Autumn Festlval deslgnatlonl 17 Thornbury Church- 113726S Annual Report & Accounts 2025 The Designated Fund holds our reserve5, which are available to Ltse on any projeets within the Parish at the discretion of the PCC. The Charity Commi55i0n require us to Identify possible works that will need doing In the near future. The Autumn festival designation was established to monitor income and expense in relation to this cultural festival and outreach project. It covered the flower festival and the magnificent'Ge5ualdo 6, concert. Surplu5 of £848 was spllt between music fund and general funds. During 2025, we transferred some designated money to general funds, £5,293, to fund the caretaker role for 2025. Thus, the balance of designated funds ha5 fallen to £165,190. The PCC has estimated provision for forthcoming projects into the future, with cost estimates a5 follow5.. Caretaker Youth Famliy Worker St Paul'5 fabrlc St Paul's qulnquennlal Eco church deslgn work TOTAL DESIGNATIONS 19,883 90,307 20,000 20,000 165,190 Restfirted Funds Bufumbo There was no Income on thls fund durlng 2025, which Is for our Ilnk parish In Uganda. The fund Includes a legacy of £5,000 8iven in 2016 from the will of the late Dr lean Clark. We are indebted to Fiona and Ken Mitchell, who work tlrelessly to contlnue our artlve support of Bufumbo. They are worklng with the Mlgslons Committee to declde how best to spend the balance of £8,548. Hopklns Fund The Hopklns Legacy Is restrlcted by the wlll of the benefactor who left It'to the PCC of St Mary's and St Paul'5 Thornburyi to be applied both capital and Income for such charltable or rellgious purposes In the sald parish as the PCC shall In Its absolute dlscretlon thlnk flt" It now stands at £685K. It provSdes dlvldend Income of approxlmately £14k per annum, IO% of whlch the PCC voted to be dlstributed In the parlsh as decSded annutlly by the missions commSttee. Thus, the remolnlng 90% equlty Income, as well as the Hopkins deposlt account Interest c?n be used to fund other projetts and buildlngs ma1ntenance. The value of the share5 decreased by £22K thls year, Our Investments are admlnlstered by CCLA the Church of En8land Investment managers. Fabrlc Fund The fund was generously funded In 2024 wlth a legacy from George Ford, with restrictions to be spent on the fabric of st Marvs. The use of fabrlc fund Is restrlcted, and ha5 been used solely for fabric items at St Marfs Church. Robln50n Fund The fund was opened in June 2019, on recelpt of a legacy from the late Nesta Robinson. It is invested with CCLA, spllt between shares 3nd a deposit fund. The year-end balance in the deposit fund was £35K. The year end valuation of the shares stood at almost £370K, with a decrease of £15k over the year. This fund is also restricted under the terms of the wlll, to be used for the fabrlc of St Marls Church. 18 Thornbury Church- 1137265 Annual Report &Accounts 2025 Music Fund This fund holds money for the organ15t to Use on rnu5ical matters and is funded by income from choir fees for singing at weddings, and donation5, mainly from the concert Series. £5¢XI was received in from the Autumn FestlV35 surplus. Flowers Fund The fund was established in 2025 and is restricted to income and expenses flowers provlslon at St Mar¢s Church. Bells Fund The Bells fund has been brought back Into PCC atcount5. It receives monies from wedding couples, and payments are made from It to the ringers, as required. The current balance has been used for small repairs to the bells. Children and Youth Fund Thls wlll be spent on the chlldren and youth mlnlstry In the parlsh, In accordance wlth a pollcy to be devlsed and agreed with Revd Joy. £600 was spent In th15 way durlng the year, Endowment Fund- St Mary'5 Church Hall The Church H311 accounts form part of our church accounts. They occupy the fourth column of the Income and expense 'SOFA' and the balance sheet Includes thelr detalls and share of Investments. The Church Hall trustee report Is Included wlthln the trustee report as presented and 'Notes to the accounts, are Included where approprlate. The Hall Committee, as a sub-commlttee of the PCC Is detailed at Appendix C, and thev work steadfastly malntalnlng and runnlng the Church Hall, preparln8 ihelr own Hall èc¢ounts at year end. 19 Thornbury Church- 1137265 Annual Rèport & Accounts 2025 Appendlx A- Legal and Administrative Information Name.. Parochlal Church Councll of the Eccleslastlcal Parlsh of Thornbury St Mary's is located In Castlè Street, adjacent to the Castle on the edge of the old town. St Pèul's is in Hackett Lane, outside the town c105e to the area5 of recent housing developrnent. Benefice Office St Mary's Church Castle Street Thornbury Bristol BS35 IHQ Members who Served during the year were as follows.. Rev'd Joy Ludlow- Priest-in-charge Monlca Mulllnex- Lay Reader Christlne Dadd - Deanery Synod repre5entatlve Mlchael Dennett- Deanery Synod representatlve and Churchwarden john 8eck- Deanery Synod Representative Robln Gupta- Churchwarden- vlce-chalr Jenny Ovens- Churchwarden Rosemary Cook Peter Cralg James Cryer Martin Davey Lee Halford Elizabeth Jones MSchael Keavey ChrSstopher Prlnce Michael Splller Tom Usherwood Glll Young Secretary- Janet Gupta Treasurer- Allstalr lenklns The Parochial Church Councll of the ecclesiastical parish of Thornbury Is reBlstered wlth the Charity Comm1551oner5 as re815tered charity number 1137265 Ken Mitchell Location.. Addressfor correspondence.. PCC Members.. Ex.Officlo members StGttus Independent exomlner Bank National Westmlnster Bank Investment CCLA Investrnent Management 20 Thornbury Church- 1137265 Annual Report & Accounts 2025 Appendix B- Sub-committees and groups reporting to the PCC Standing Committee Safeguarding Health and Safety Missions Committee, Global and Local Concern Church Hall Committee Music at St Mary'5 St Mary's Cleaning Team St Mary's Flowers St Mary's Holy Mowers St Mary's Tower Captaln and Bell Rlnger5 St Paul's Flowers and Cleaning All Age Mln15try: St Mary's All Age servlces St Paul's All ABe servlces Hopscotch Dads and Kld5 Open the Book Muddy Pralse "Chat Parish Newsletter Parish Communication lincludes Website and Facebook) Falth Sharing Team Thornbury Churche5 Together representatlve Deanerysynod Pastoral Care Including bereavement support and home Holy Communlon EnvSronment Champlons Mothers, Unlon St Mary's CofE VA Prlmary School Marrla8e Reflect1on Llfe Events includlng Baptism, Weddlngs and Funerals Catering Team Out and About Sunday Lunches Communlty ArtSvltle5 A report of the work of these commSttees and assoclated groups Is made wlthln the Annual Review of 2024. 21 Thornbury Church- 1137265 Annual Report & Accounts 2025 Appendlx C- Hall Management Custodlan Trustee: Gloucester Diocesan Trust Managlng Trustee: Thornbury Parochial Church Council Hall Sub