REGISTERED CHARITY NUMBER: 1126950 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Maven Accountants Limited PO Box 1882 Southampton Hampshire S015 9JZ Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Contents of the Financial Statements for the Year Ended 31 Dember 2024 Page Referen and Administrative Details Report of the Trustees Independent Examinerfs Report 10 to 11 Statement of Financial Aclivities 12 statement of Financial Position 13 to 14 Notes to the Financial Statements 15 to 28 Detailed Statement of Financial Activities 29 to 30 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Referen and Administrative Details forlhe Year Ended 31 Dember 2024 TRUSTEES E Du Croz B Thomas (appointed 18.7.241 R Pawsey C E Delve Churchwarden N Fuggle Churchwarden {resigned 31.10.24) L Young (resigned 30.4.24) S Hargreaves J Ah-chuen E Bradley J Pugh- Smith D Malhew T Bird P Holt A Matwasa E Harvey Z Kundishora {appointed 30.4.241 PCC members Ilrusteesl who have served from 1 January 2024 until the dale this report was approved are". Incumbent.. Rev'd Jon Finch Rector App June 2018 Clergy.. Rev'd Jon Finch Rector App June 2018 Rev'd Tom Boulter Curate App Jul 2021 Rev'd Katy Horne Associate App June 2024 Church Wardens". Ms Catherine Delve App Apr 2019 Dr Ben Thornas App O¢12024 Deanery Synod Representatives". Ms Gemma Sndl App Oct 2020 Mr Tim Bird App Apr 2023 Other Elected Members oflhe PCC.. Mr Simon Hargreaves TreasurerApp Apr 2023 Mr Jon8th8n Ah-chuen App Nov 2023 Mrs Elizabeth Bradley App Nov 2023 Mr Jonathan Pugh-smith App Apr 2023 Miss Deborah Mathew App Apr 2023 Mr Tim Bird App Apr 2023 Ms Rachel P8wsey App Oct 2020 Mr Peter Holt App Apr 2023 Mrs Angela maasa App Jun 2021 Mrs Emity Harvey App Jun 2022 Miss Emma Du Groz App Nov 2023 Mr Zed Kundishora App Apr 2024 Secretary." Miss Grace Pearson App Nov 2023 Members stepped down.. Page 1 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Referen and Administrative Details forlhe Year Ended 31 Dember 2024 Dr Nicholas FUgg Co-chair App Dec 2018 End Oct 2024 Mrs Laura Young Member App Apr 2023 End Apr 2024 PRINCIPAL ADDRESS St Barnabas Church Lodge Road Southampton S014 6RF REGISTERED CHARITY NUMBER 1126950 INDEPENDENT EXAMINER Maven Accountants Limited PO Box 1882 Southampion Hampshire S015 9JZ Page 2 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191. OBJECTIVES AND ACTIVITIES Vision Statement Saint Mary's Southampton is a community following Jesus, playing our part in the renewal of Southampton. We arenl just here to build a church, we are here to transfomi a city. Church was never meant to becontained in a building, it was meant to flow out and pemieate society, uplifting and bringing hope to everyone. We believe that Southampton can be known as a city where people love their neighbour, where people experience forgiveness and so they forgive, where kindness is rife and generosity common. Where the young and old are filled with purpose and the rich and poor ovefflow with compassion. We believe that in Southampton Jesus is making all things new and we long to see every citizen of our cily marching logether with all of the saints singing "we've found a LOVE Ihal has changed EVERYTHINGI" Because with Jesus, the best is yet to comel Public Benefit Statement All of our activilies are undertaken to further our charitable purposes for the public benefit. In planning our activities for the year we have considered the Charity Commission's guidance on public benefrt, including the guidance 'Public Benefit. Running a Charity IPB2)' and, in particular, the supplementary guidance on charities for the advancement of religion. ACHIEVEMENTS AND PERFORMANCE Fellowship Numbers This year the electoral roll was reset and started again, as happens every 7 years in line with the Church of England. There were 178 members on the Electoral Roll on the 27th April 2025. Of these, 16 live in the parish. Page 3 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 ACHIEVEMENTS AND PERFORMANCE Review of the Year SAINT MARYS LODGE ROAD In January 2024 the staff team were able to access St Barnabas Church (hereafter known as 'Lodge Road,) for the first time. This was followed by 6 weeks of hard work from the staff team and volunteers to clear the building of disused fumiture and waste that had collected over the previous few years. Faculties were approved for the repainting of the ancillary rooms in preparation for them becoming offices. After a challenge getting the gas reconnected to the church, the heating system was rebooted and the building became inhabitable. The office of Saint Mary's formally moved from 135 Sl Mary Street into Lodge Road and 135 was returned to the Diocese for sale. Unfortunately the building was in a greater state of disrepair than previously estimated, with significant leaks appearing in various areas throughout the church, the discovery of asbestos in the flooring tiles, an electrical system in need of urgent rewire, and insufficient facilities for modern use. Over the following 6 months, plans were drawn up for the full refurbishment of the building to prepare it for the missional plan, and repairs to the infrastructure to ensure the long-term viability of the physical structure. In August 2024 a temporary roof was put in place over the 'slage' (complete with drainage system for the indoor rainl) and temporary plywood partitions down the aisles to make safe the areas where part of the plasterboard roof had fallen. Afier structural surveys, a further electrical report and several risklfire assessments, the building was able to open to the public for Sunday services at the beginning of October. The doors opened, welcoming in the local community alongside existing members of Saint Mary's who had been praying for this day for four years. sin then it has become home to the weekly Play Café, monthly Collective gatherings and weekly Meeting Place and Clothing Bank, in addrtion to the 11am Sunday seNice. SUNDAYS & WORSHIP In June 2024 Rev. Katy Horne joined the staff team as Associate Vicar, supporting Rev. Jon Finch in the leadership of the church. Katy has brought a wealth of experience to the role, and will be primarily focussed on pastoral care as well as overall leadership and Sundays oversight. Throughout 2024 there was a steady increase in attendan at the 10.30 service at Chapel Road and in October the decision was made to launch a new 11am seNice at Lodge Road. We are one church, across two localions. This was wamly reiVed by the congregation with approximately 30 people committing to the new location. sin then attendance has risen to approximately 50 each week, including people from the local community visiting for the first time. Kids, provision has been available each Sunday in the hall and several local families have been attending as a result. The impact at Chapel Road has increased the capacity at the 10.30am service, enabling more families to attend, and Saints Kids has consistently seen between 60 & 70 kids each week. Page 4 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 ACHIEVEMENTS AND PERFORMANCE The 9.15 Servi has remained steady throughout the year, welcoming new members from a wide age range. The 6pm service has been steady throughout the year, with students bringing their housemates and fellow students to faith. More than 20 Bibles have been given out and the majority of those attending Alpha in the September temi were from the Collective demographic118-291. The autumn temi always brings a rise in student numbers, some of them attending church for the first time. ALPHA & ADDITIONAL COURSES (marriage, pre-marriage, bereavement, CAP) The marriage and pre-marriage courses ran twice last year, and the Bereavement course ran in the January temi. Alpha has run through the January and September terms, with a high number of collective demographic attending, including those from Bridge the Gap. CAP money ran in the evening of the spring temi and attracted a small group who were very positively impacted by the course, growing vital skills in managing their money. In the September temi, the Way of Leadership course ran to develop leaders within the community and help them grow in their discipleship and calling. PRISON MINISTRY Led by Ordinand Emily Stewart, the prison ministry team continues to grow with Alpha running each term and new volunteers joining the team. Each term at least one person has given their life to Jesus. Emily has also been working with the safeguarding team to enable prison leavers to integrate in the community. SAINTS IN THE CITY Saints in the City has had a busy year, with 3 community banquets cooked by and for members of the Meeting Pla. The Meeting pla continues to flourish, with the social prescribers, community chaplain, Clear and Dentaid regularfy offering additional support for the members. A prayer room has been created on Thursdays for members wishing to spend time with God, or receive prayer and healing from the volunteer team. This has enabled many members to open up and created a peaceful space for people to sit and reflect. In May, the Saints in the City Day engaged over 100 volunteers in projects across the city such as gardening, litter picking and DIY at both Lodge Road and Chapel Road. While this was happening, the church grounds at Chapel Road opened up to local residents for a Family Fun Day. The day finished with a community meal together in the church with over 200 people in attendance. Love Christmas was a huge success, delivering par1$ to more than 1600 households across Southampton. Over £30,000 was raised towards the project this year. Preparations began for the Lodge Road Meeting Place & Clothing Bank launching in January 2025. SAINTS KIDS Sundays have been busy for the kids team with 60 children attending most Sundays. Saints Mums group, run by volunteers, has been meeting regularly throughout the year providing a community for parents and caregivers. Page 5 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 ACHIEVEMENTS AND PERFORMANCE The Play Café launched at Lodge Road in December, providing a Spa for caregivers and young children to build community as well as learn stories from the bible. This has brought in many local parents and caregivers from the local area, not otherwise connected with church. SAINTS YOUTH Saints YoLrth meets every Sunday for both older and younger age groups, with a small but onnected group of teenagers exploring faith and the bible together. On Thursdays the team launched the Saints Youth Club, available to everyone, and advertised in local schools and colleges. SAINTS COLLECTIVE (students and young adults) In November the Collective team took 120 young adutts for a night away, to spend time together, play Capture the Flag, and worship until the eady hours of the morning. The impact of the weekend has been felt at the 6pm Se1 ever sin, with a number of the young adults feeling called into leadership, and exploring their calling in other areas. Collective nights, monthly on a Thursday, have been a Spa where students and young adults have built community, explored faith and prayed for their community and city together. The September term at Alpha saw an unusually high number of Collective age people in attendance as people brought along flat mates, family members and personal trainers, inviting thèm to learn more about Jesus. BAPTISMS There were 38 baptisms across the year, 37 adults and 1 infant. This is the highest annual numtser of baptisms for many yearsl FOCUS In July, over 200 people headed to Newark to take part in Focus, along with Lords Hill church who amped with us. This was a great time to connect with the wider HTB neOrk and spend time together as a community. FINANCIAL REVIEW Financial position Saint Mary's continues to operate, for the time being, under the charity name The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre and this has assisted in making gift aid claims under the pre*xisting accounts. Page 6 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 FINANCIAL REVIEW Principal funding sources Grants Saint Mary's reiVed 8 grants to support the church's work 15 of which went towards Love Christmas). In addition Saint Mary's received DIP funding to cover Lords Hill costs, and SMMIB funding to go towards Lodge Road building and staff costs. Giving In 2024 the planned giving was £317k (excluding gifi aid). In addition to this, we have various one-off donations. The planned giving average has remained Consistent throughout the year. Income The overall income in 2024 was £902,073 with expenditure of £751,299. This includes a one off donation of £100,000 which has been designated for the repair of the roof at Lodge Road. Staffing Clergy In June 2024 the church welcomed Rev'd Katy Home as Associate Vicar. Kaly will oversee pastoral care and Tables, as well as being actively involved in the leadership of the church. In September 2024 Tom James moved from his role as Worship and Creative Lead and began his training as an ordinand at st Mellilus College while still overseeing worship al Sainl Mary's. He joins Sam Grislwood who began his second year of training (overseeing the Collective Ministry), and Emily Stewart {overseeing the Lodge Road Sewi and prison ministry) and Abielle Inegbenebho (overseeing Youth). Staffing In August Tom moved on from his role in comms, and Beth French joined the team as Communications and Engagement Lead. Rachel Ramsden also joined over the summer as Finance and Operations Coordinator IpA). In September Gao Rakale joined as Alpha and Collective Coordinator (pltl to support Sam Gristwood in his role. In September Diana Jesus joined us for a 'Year in Ministry, volunteer. Investment policy and objectives The PCC holds those funds which are not in the Natwest current account with the Central Board of Finance of the Church of England ICBF). There are some long-term investments held in the fomi of CBF share investment accounts. Other investments and deposits as we continue to hold relate solely to restricted funds, including specific deposit accounts. Reserves policy and Going Concern It is the PCC'S policy to maintain unrestricted and designated funds at a level that wll enable the PCC to cover its ongoing direct charitable expenditure and its management and administration costs. This should be at least three months, running costs. In 2024, the average monthly expenditure was £31,000., thus, the reseNes should be at least £93,000. The trustees are of the view Ihal the PCC is a going COnrn. Page 7 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 FUTURE PLANS 2025 has had an encouraging start with ministries at Lodge Road launching and the missional opportunities of the building and local area becoming more visible. LODGE ROAD Plans for the refurbishment contr'nue, focusing on raising funds for the project and appointing the right professionals to drive the project forward. Some intemiediary work will need to be undertaken to repair areas of the flat roof, and rewire the electrics, to ensure the building continues to be safe to operate in. STAFFING In 2025 Emily Lury, Saints Kids, Families and Communrty Lead, will go on maternity leave and her maternity cover replacement has recently been appointed. Abielle Inegbenebho has been an ordinand at Saint Mary's for the past 4 years and will be moving on to pursue her curacy at Lords Hill Church with Rev. Tom Boulter. As a result the role of Youth & Community Lead will be vacant from the end of May and her repl8ment has recently been appointed. Emily Stewart has also been an ordinand at Saint Mary's for the past 3 years and she will continue her curacy with Saint Mary's, moving into a full time role and remaining as servi Leader of Lodge Road. MINISTRIES The Meeting Pla Lodge Road has been very encouraging, especially seeing local organisations and support workers interacting with the space. The doors are open to the local community and this has already begun to result in friendships being formed, people asking for prayer, and a desire to engage with the wider activities of the church. In April 2025 Saint Mary's took on the Eden Chaplaincy, after partnering wth City Life church to see the ministry flourish. Eden is a non judgemental chaplaincy SeiCe operating within strip clubs in Southampton. The vision is to see a chaplaincy in every club in every major city in the UK. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre {the PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre is registered charity number 1126950. Page 8 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Report of the Trustees forlhe Year Ended 31 Dember 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruilment and appointment of new trustees Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting IAPCM) in accordance with the Church Representation Rules. Elected members serve for three years and approximately one third are elected each year, ensuring an appropriate element of continuity. Organisational structure The PCC of the Ecclesiastical Parish of Southampton City Centre has the responsibility of co operating with the Team Ministry in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Saint Mary s and the Parish Office (135 St Mary Street). The PCC has one sub-committees.. a Standing Committee as required by law, with powers to transact business beeen PCC meetings, subject to the direction of the PCC. Induction and training of new trustees New members are briefed by existing members as appropriate and from time to time the PCC holds an away day to review its work and discuss future plans. Risk management The PCC was registered as a charity on 26 November 2008. As such no work on risk management has been undertaken. However, the major risks to which the charity is exposed will be identified by the trustees and will be reviewed and systems or procedures established to manage those risks. Approved by order ofthe board oftruslees on 17 October 2025 and signed on its behalf by.. C E Delve- Trustee Page g Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
Independent Examine¢s Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Soulhampton City Centre Independent examinerfs report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre I report to the charity trustees on my examination of the accounls of The Parochial Church Council of the Ecclesiastical Parish of Southampton City Centre (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{51(b) of the Act. Independent examiners statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements Conrning 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 true and fair view which is not a matter considered as part of an independent examination. I have no cOnrn5 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. Page 10 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
Independent Examine¢s Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Soulhampton City Centre The following area of weakness was identified:_ - Services rendered by any trustee must be approved by the PCC board prior to taking place. Maven Accountants Limited The Institute of Chartered Accountants in England and Wales Maven Accountants Limited PO Box 1882 Southamplon Hampshire S015 9JZ 17 October 2025 Page11 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Statement of Financial Activities forlhe Year Ended 31 Dember 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted Endowment funds funds fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 491,497 247,626 739,123 583,174 Charitable activities Fees for Weddings & Funerals Church Activities 3,718 18,524 3,718 21,170 6,505 15,855 2,646 Other trading activities Investment income 22,131 115,931 22,131 115,931 2,002 19,575 Total 651,801 250,272 902,073 627,111 EXPENDITURE ON Charitable activities Fees for Weddings & Funerals chUh Activities 1,593 667,651 1,593 749,706 3,784 620,966 82,055 Total 669,244 82,055 751,299 624,750 Net gains on investments 540 551 2,071 NET INCOMEI(EXPENDITUREI (17,443) 168,228 540 151,325 4,432 RECONCILIATION OF FUNDS Totsl funds brought fOard 155,234 43,745 23,583 222,562 218,130 TOTAL FUNDS CARRIED FORWARD 137,791 211,973 24,123 373,887 222,562 The notes fomi part of these financial statements Page 12 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Statement of Financial Position 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted Endowment funds funds fund Notes FIXED ASSETS Tangible assets Investments 12 13 116,279 3,198 509 119,477 24,632 143,790 24,080 24,123 116,279 3,707 24,123 144,109 167,870 CURRENT ASSETS Debtors.. amounts falling due within one year Cash at bank 14 25,318 10,274 25,318 221,738 25,647 149,233 211,464 35,592 211,464 247,056 174,880 CREDITORS Amounts falling due within one year 15 114,080) (3,198) 117,278) (120,188} NET CURRENT ASSETS 21,512 208,266 229,778 54,692 TOTAL ASSETS LESS CURRENT LIABILITIES 137,791 211,973 24,123 373,887 222,562 NET ASSETS 137,791 211,973 24,123 373,887 222,562 The notes fomi part of these financial statements Page 13 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Statement of Financial Position - continued 31 December 2024 FUNDS Unrestricted funds Restricted funds Endowment funds 17 137,791 211,973 24,123 155,234 43,745 23,583 TOTAL FUNDS 373,887 222,562 The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2025 and were signed on its behalf by.. B Thomas- Trustee C E Delve- Trustee The notes fomi part of these financial statements Page 14 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements forlhe Year Ended 31 Dember 2024 ACCOUNTING POLICIES Basis of preparing the financial slatements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost onvention, with the eXptIon of investments which are included at market value. Financial reporting standard 102- reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expendrture, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosl related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent wilh the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Moveable church furnishings - 10 years straight line Other fixtures, fittings, office equipment & consumables- 4 years straight line Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 15 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 ACCOUNTING POLICIES - continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Gift aid Grants 507,274 65,463 166,386 425,488 56,875 100,811 739,123 583,174 Grants received, included in the above, are as follows.. 31.12.24 31.12.23 Lodge Road Staffing Grant Church Revitalisation Trust Other Grants WDBF DIP Fund Lodge Road Launch Grant 25,798 28,787 9,500 25,165 77.136 39,492 31,270 30,049 166,386 100,811 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Sales of goods & services Other trading income 657 1,345 22,130 22,131 2,002 Page 16 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 INVESTMENT INCOME 31.12.24 31.12.23 Rents received Deposit account interest Curr asset inv income Exceptional items 12,249 97 661 102,924 18,885 59 631 115,931 19,575 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Fees for Weddings & Funerals Church Activities Fees for Weddings & Funerals Church Activities 3,718 21,170 6,505 15,855 24,888 22,360 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Fees for Weddings & Funerals Church Activities 1,593 748,986 1,593 749,706 720 750,579 720 751,299 SUPPORT COSTS Governance costs Church Activities 720 Page 17 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 TRUSTEES. REMUNERATION AND BENEFITS During the year the charity made the following transactions wilh trustees.. Emma Du Croz During the year Emma received remuneration of £35,690 (2023.. £34,352) and employer pension Gontributions of £884 (2023.. £843) for her role as Operations director. Emma was not paid any remuneration for her role as a trustee. Catherine Delve £625 {2023 .' £1,195) of invoices were paid to Catherine in relation to invol5 for Trimetrix reports for St Marys employees during the year. Trustees. expenses During the year the charity made the following transactions with trustees.. Emma Du Croz During the year expenses totalling £150 (2023-. £731 were paid to Emma in relation to event management and mileage claims. Catherine Delve Expenses totalling £189 {2023 £nill were reimbursed to Catherine in relation to food purchased for Focus. STAFF COSTS Staff costs during the year were.. Wages and Salaries £237,23412023 .' £206,755). No employee reiVed emoluments of more than £60,000 during the year. Page 18 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrfiES Unrestricted Restricted Endowment funds funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 504,259 78,915 583,174 Charitable activities Fees for Weddings & Funerals Church Activities 6,505 15,855 6,505 15,855 Other trading activities Investment income 2,002 20,216 2,002 19,575 {641) Total 548,837 78,915 {641) 627,111 EXPENDITURE ON Charitable activities Fees for Weddings & Funerals Church Activities 3,784 511,360 3,784 620,966 109,606 Total 515,144 109,606 624,750 Net gains on investments 43 2,028 2,071 NET INCOMEI{EXPENDITURE 33,693 (30,648) 1,387 4,432 RECONCILIATION OF FUNDS Total funds brought fomard 121,541 74,393 22,196 218,130 TOTAL FUNDS CARRIED FORWARD 155,234 43,745 23,583 222,562 Page 19 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 11. EXCEPTIONAL ITEMS During the year the WDBF detemined that they would write off the di0Se loan in consideration for the handing back of the parish Offi which has now relocated to St Mary's Street. This one-off exceptional item has no effect on the cash-flow of the church save for the repayment of the loan. The eXptIOnal £102,924 is reflecting as an incoming resource but it is a capital write-off and should not be relied upon as a resource or cash-flow of the church 12. TANGIBLE FIXED ASSETS Fixtures and ffttings Motor vehicles Totals COST At 1 January 2024 and 31 December 2024 227,139 7,995 235,134 DEPRECIATION Al 1 January 2024 Charge for year 88,146 22,714 3,198 1,599 91,344 24,313 At 31 December 2024 110,860 4,797 115,657 NET BOOK VALUE At 31 December 2024 116,279 3,198 119,477 At 31 December 2023 138,993 4,797 143,790 13. FIXED ASSET INVESTMENTS 31.12.24 31.12.23 other 24,632 24,080 There were no investment assets outside the UK. Investments (neither listed nor unlisted) were as follows= 31.12.24 31.12.23 Other investments 24,632 24,080 CBF Investment Funds Page 20 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debtors 25,318 25,647 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrafis (see note 16) Other creditors 3,198 14,080 120,188 17,278 120,188 16. LOANS An analysis of the maturity of loans is given below.. 31.12.24 31.12.23 Amounts falling due within one year on demand.. Bank overdrafts Other loans 3.198 105,594 3.198 105,594 Page 21 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Designated - Support Fund Designated - Diocesan Staff Fund 149,445 3,952 1,837 {17,658) 215 131,787 4,167 1,837 155,234 {17,443} 137,791 Restricted funds Restrided - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund 278 9,438 2,785 4,797 497 278 4,933 3,969 (4,505) 1,184 (4,797} 12 509 25,950 176,334 202,284 43,745 168,228 211,973 Endowment funds Endowment- The Russell Benecraft Legacy 23,583 540 24,123 TOTAL FUNDS 222,562 151,325 373,887 Page 22 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources ReSoUrS expended Gains and Movement losses in funds Unrestricted funds General fund Designated- Support Fund Designated - Lordshill DIP Fund 626,261 375 25,165 1643,919) 1160} {25,165} {17,658} 215 651,801 1669,244) {17,443} Restricted funds Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund 23,561 4,285 {28,066} (3,101) (4,505) 1,184 25,798 19,491 {25,798} {24,288} (4,797} 12 177,136 1802} 176,334 250,272 {82,055) 168,228 Endowment funds Endowment- The Russell Benecraft Legacy 540 540 TOTAL FUNDS 902,073 1751,299} 551 151,325 Page 23 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Designated- Support Fund Designated - Facilities Apprentice Fund Designated - Di0san Staff Fund 114,148 3,476 35,297 476 149,445 3,952 2,080 1,837 (2,080) 1,837 121,541 33,693 155,234 Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted Saints in the City Restricted - The Mary St John Restricted - Lodge Road Build Fund 278 8,126 1,359 38,225 455 278 9,438 2,785 4,797 497 1,312 1,426 {33,428} 42 25,950 25,950 74,393 {30,648} 43,745 Endowment funds Endowment- The Russell Benecraft Legacy 22,196 1,387 23,583 TOTAL FUNDS 218,130 4,432 222,562 Page 24 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources ReSoUrS expended Gains and Movement losses in funds Unrestricted funds General fund Designated- Support Fund Designated - Facilities Apprentice Fund 547,792 1,045 1512,495) (569) 35,297 476 (2,080} (2,080} 548,837 1515,144) 33,693 Restricted funds Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted Saints in the City Restricted - The Mary St John 31,271 3,542 {29,959} (2,116} 1,312 1,426 39,492 4,611 (1} {39,492} {38,039} {33,428} 42 43 78,915 1109,606} 43 {30,648} Endowment funds Endowment- The Russell Benecraft Legacy (641} 2,028 1,387 TOTAL FUNDS 627,111 1624,750} 2,071 4,432 Page 25 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund Designated- Support Fund Designated - Facilities Apprentice Fund Designated - DI0$an Staff Fund 114,148 3,476 17,639 691 131,787 4,167 2,080 1,837 (2,080) 1,837 121,541 16,250 137,791 Restricted funds Restricted - Bishops Ordination Fund Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted Saints in the City Restricted - The Mary St John Reslricted - Lodge Road Build Fund 278 8,126 1,359 38,225 455 278 4,933 3,969 (3,193) 2,610 {38,225} 509 25,950 176,334 202,284 74,393 137,580 211,973 Endowment funds Endowment- The Russell Benecraft Legacy 22,196 1,927 24,123 TOTAL FUNDS 218,130 155,757 373,887 Page 26 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund Designated- Support Fund Designated - Facilities Apprentice Fund Designated - Lordshill DIP Fund 1,174,053 11,156,414} 1,420 (729) 17,639 691 (2,080) {25,165} (2,080) 25,165 1,200,638 11,184,388) 16,250 Restricted funds Restricted - Love Christmas Fund Restricted - Bridge The Gap Restricted - Lodge Road Staffing Fund Restricted Saints in the City Restricted - The Mary St John Reslricted - Lodge Road Build Fund 54,832 7,827 {58,025} (5,217) (3,193) 2,610 65,290 24,102 {65,290} {62,327} {38,225} 177,136 (802) 176,334 329,187 1191,661) 137,580 Endowment funds Endowment- The Russell Benecraft Legacy (641} 2,568 1,927 TOTAL FUNDS 1,529,184 11,376,049} 2,622 155,757 18. EMPLOYEE BENEFIT OBLIGATIONS The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £3,87412023 .' £4,032). Page 27 continued... Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOUTHAMPTON CITY CENTRE Notes to the Financial Statements continued forlhe Year Ended 31 Dember 2024 19. RELATED PARTY DISCLOSURES During the year the charity made the following transactions with trustees.. Emma Du Croz During the year expenses totalling £150 (2023= £73) were paid to Emma in relation to event management and mileage claims. Catherine Delve £625 (2023 .' £1,195) of invol$ were paid to Catherine in relation to invol$ for Trimetrix reports for St Marys employees during the year. Expenses tolalling £189 {2023 £nill were reimbursed to Catherine in relation to food purchased for Focus. 20. NATURE & PURPOSE OF EACH FUND The specific purposes for which the funds are to be applied are as follows.. Designated funds: Diocesan staff fund.. A fund to assist with staff salaries Facilities apprentice fund.. A fund to facilitate the cost of an apprentice Support fund. A fund to support people who approach Ihe church for financial support Lordshill DIP Fund.. A fund to support the launch of plant Lordshill church. Restricted fvnds.. The Mary St John fvnd is a small fund for maintenance at St Mary's Church Bishops Ordination Fund is a diocesan fund to assist ordinands in training Bridge The Gap is a fund that creates football communities that connect young adults with view to developing friendships, leaders and transforming lives Love Your Neighbour (including Saints in the City) is a fund to enable our social action projects. This includes the foodbank, Care for Carer packages, Christmas food parcels and Rework, as well as future projects such as Marketplace and CAP Alpha fund is a fund for the city-wide advertising campaign to promote Alpha Love Christmas fund is to run a city-wide project at Christmas, delivering gifts to those in need Lodge Road - build fund is funding received via the Di0Se for staffing to develop Lodge Road Lodge Road - staff fund is funding reiVed via the Diocese for staffing to develop the Lodge Road community Endowment fund". The Russell Benecraft Legacy, with a modest capital. The income from this fund is specified as being for repairs and Maintenan at St Mary's church. Page 28 Doc ID.. 6fa4294efd39ace8b85461544de347eOc6345975