The Parochial Church Council of
Glastonbury St John the Baptist
A Christian Spiritual Centre at the heart of the town, for everyone
Annual Trustees Report and Accounts
Year ended 31 December 2023
DIOCESE OF
Bath&Wells
Living the siory. Telling the story.
Registered Charity No 1129016
Page I

Administrative Information
Glastonbury St John the Baptist (St John's) Church is situated in Glastonbury, Somerset. It is part of the
Diocese of Bath and Wells within the Church of England. The correspondence address is High StreeL
Glastonbury, Somerset. BA6 9DR.
Vicar
Prebendary David MacGeoch
Priest-in-charge 2008-2011. Vicar 2011
Training Curates
Revd Michele Kitto
Revd Kieron Rowley
Signed-off- July 2023
Ordained- June 2023
Pioneer Minister {Glastonbury and Street)
The Revd Diana Greenfield
Moved-on to new post- September 2023
Reader5
Liz Clark
Readers P.T.O.
Margaret Wynn
Di Grenter
Philippa Chapman
Annie Wynter-croft
The Parochial Church Council (PCC) is a Tegistered charity with the Charity Commission. PCC members
who have served from l January 2023 until the date this report was approved are".
Joy Taylor (PCC Secretary)
Arthur Way (PCC Treasurer)
Gareth Heazell
Ronnie Harkness
Edward MacGeoch
Geoff Snell
Derek Dorey
2021-2024 (2" tenn)
2021-2024 (2" term)
2020-2023 (I" tenn)
2021-2024 (I" term)
2022-2025 (I" term)
2022-2025 (I" temi)
2023-2026 (I" temi)
Deanery Synod Representatives
Mary Masters
David Randall
2023-2026
2023-2026
Church Wardens elected annually. May not serve more than 6 years
David Smith
2023-2024
Ex Offlcio Members
Stuart Clark (Safeguardin8 Officer from October 2017)
The Bath & Wells Diocesan Board of Finance hold title to propety belonging to the PCC
Page 2

Structure, Governance and Management
The method of appointment of PCC member5 is set out in the Church Representation Rules. All Church attendees are
encouraged to register on th¢ Electoral Roll and stand for election to the PCC. Members are elected for a three year
terni and tnay be re-elected for a furth¢r three-year temi, after which they must stand down. Deanery Synod
Representstive5 are elected every thr¢e Y￿r$ throughout tlie Diocese- next election 2026. Mary Masters and David
Randall are our serving members. The PCC continued its pattem of regular meetings
Committees
Standing Committee
The Standing Committee is the only requir¢d ¢ommittee. consisting of the Incumbent, Churchwarden4 Treasur¢r and
Co-options who have the power to Qonduot the business of the PCC between meetings. subject to any directions given
by the PCC.
Finance Committee
This is an infom)al committee wl)ich attends to matt¢rs relating to the stewardship of the planL church and centre
buildings and their contents. and the Churchyard. lis members serye at the pleasure of the PCC.
Fabric Committee
This is an infomjal committee which attends to matters relating to th¢ st¢wardship of the plant, church and centre
buildings and their contents, and the churchyard. Its members setve at the pleasure of the PCC.
Objectives and Activities
Si John's PCC has the responsibility of co-operating with the Incumbent in promoting in the ¢¢clesiastical parish the
whole mission of th¢ ChuKh, pastoral, evangelistic, social. and ecumenical. Th¢ PCC also has maintenance
responsibilities for the St John the Baptist Church, High Street. Glastonbury, and associated property. St John's Cent￿,
3 Church Lane, and the garage off Arcliers Way.
Public Benefit
The trustees have paid due regard to the Charity Commission's guidance on public benefit in decidin8 what activities
the charity should undertake. The trustees Consider that they have acted in the public benefit.
Achievements and Performance
Church Attendance and the Electoral Roll 2023
There are 124 tnembers on the Electoral Roll.
Revlew of 2023
The PCC met 7 times during the year. St John's PCC continued to meet separately duriftg 2023 with the meetings being
held in The Church Lane Hub or The Vicarage. The Jneelings all began with an act of worship. Sunday and mid-w¢¢k
Churcli services continued. The Sunday services were all live-streamed. St John's hosted a wide variety of music and
choral events during the year organized by our Events Organizer- Matthew Redman and these continued to be well-
supported. Our community project- known as"W¢ll-being Mondays" continued to provide a variety of group activities
whicli remain popular and well_attended. Various fund-raising events were held during the year and these generated
much needed income. We made some payments towards our Parish Share but our income was not sufficient to meet our
total Parish Share liability to the Dioces¢. We remain grateful to the Diocesan Board of Finance for t]ieir understanding
during what continues to be a difficult ￿rIOd for the St John's finances. The refurbishment of the Church Lane Hub
(fom)erly the St John's Centre) was completed in February and tjie building now provides a spacious and welcoming
venue for a variety of groups. R¢v¢rend Kieron Rowley was ordained at a service in Bath Abbey in June. During the
year we said goodbye to two of our clergy team. Reverend Michele Kitto left tlie area and was signed-off in July and
R¢verend Diana Greenfield also moved away from the area taking up a new ministry in North Wales. Both will be
missed and both are thanked for their loyal service to the Benefice. Finally. we thank every one of our volunteers and
members of our congregation who continue to give so generously both of their tim¢ and financially in order to keep St
John's op¢n and a vital part of the community it serves.
Page 3

Securing the Future Project
The Securing the Future Pmject was finally signed-off by our Heritage Lottery Fund Adviser during the year. The final
payment of £28,703 being received from the Heritsge Lottery Fund in October. In order for the project to be si8n¢d-off
it was necessary to provide our Heritage LA)ttery Adviser with a spreadsheet detailing the nutnber of volunteer hours
given by the officers and members of the ¢ongregation of St John's during the project. It was estimated these total¢d
over 20,600 and whcn converted into a monetary benefit using the calculator suggested by tlie our Heritage Lott¢ry
Adviser- this equates to over £120,000 of volunteer time. A truly staggering achievement by all involved and one
which enabled the project to be delivered.
Looking For4vard in 2024
The main priority in 2024 will be to slabilize the St John's finances. The Stewardship campaign was again postponed in
2023 because of tlie cost of living crisis aff¢¢ting many but will held during 2024 with advice being sought from the
Diocesan Board of Finance. Our Gift Aid ¢laims on the donations and gifts received remain a vital source of income and
we remain grateful to those who continue to give so generously.
Financial Review
There was a decrease in the overall funds held which was not unexpected in view of inflationary pressures leading to an
incr¢as¢ in running costs and a reduction in in¢om¢. The value of the Fixed Assets held with the CBF have increased
and dividends received from these investments ¢ontinu¢d to be a valuable source of income. As stsled in previous years,
apart from the St John's Centre, the fixed assets are beyond use by the PCC. On the advice of the Diocesan Board of
Finance the Trustees designate the CBF & COIF Investments as Endowed Funds. The Benelice Fund shows an excess of
income over expenditure £1.054.00 at the year-end. The Iinancial position in 2023 was again cliallenging.
Reserves Policy
It is PCC policy to maintain all accounts at CAF Bank Ltd and the CBF Church of England Deposit Fund. It has been
tradition thc interest is designated for the Fabric Fund but the Trust¢es voted in 2023 to designate the interest for the
General Fund moving forward. This policy will be revi¢w¢d from time to time as appropriate. The PCC ensures there is
sufficient reserves available to meet six months running and staffing costs. The total funds held at the end of the year
w¢r¢ £467.868 of which £125,000 were held as tangibl¢ fixed assets and £218.118 were held as investments. Total
unrestricted funds (excluding fixed assets and designated funds) ai 31 December 2023 were £30,484. Free reserves
continue to be b¢low th¢ requircd level. However, the Trustees are confid¢nl that reserves will increase in the coming
year. The fabric funds at 31 December 2023 was £89,953.
Approv¢d by th¢ PCC on 20, March 2024 and signed on their behalf by..
Pre
Vicar
ndary David MacGeoch
Arthur Way
Treasurer
David Smith
Churchwarden
Page 4

Statement of Financial Activities (including Income and Expenditure Account) for the year
ended 31$¢ December 2023
Unrestrieted
Funds
Restri¢ted
Fund$
Ertdowment Total Prior year
FuThds
Funds
Funds
Income and 8ndowments from..
Donations and lega￿e5
Incorr£ trern charitsbl& activit￿9
Olhfrr IradiTrJ activit￿9
Invesbments
50,557
17.684
18,817
8,988
96,046
50,621
17,684
45,929
9,052
123,286
52.317
16,139
48,569
6,753
123,779
27,112
Total Incomo Inote 21
27.240
Expendlture on:
Costs of generating funds
ExperKliture on ¢harilabk acbvitES
Olherexpendilure
Total expenditur8 (nots 31
10,630
90,685
200
101,616
10.630
766,978
200
177,808
8,092
147,873
665
166,630
76.293
76,293
Cains l ￿$Se3 on investment assets
Net Income I lexpenditurel res¢)urces before
tran$l*r
18,479
18,479
18,479
126,0631
136.0431 158.9141
15,4691
149,0531
Transfe
Cross transfers betr￿en funds- in
Gross transfers betr￿en funds- out
Other r8cognised galrbs I Ioss88
Gain5 on revaluation, fixed 8558ts, charitys own
use
Net movemenl in funds
44,350
44,350
144,3501
I44.3￿)
38,B81
193.4031
18,479
136.0431 158.9141
Totsl fvnds broughl ft*rward
206,156
98,117
199.638
503,911
562.825
Total funds carried fi)r%rard
245,037
4.714
218,118
467.86B
503.911
Repre$ented by
Unreslricted
General fund
Designated
155,484
155,484
125.343
Clergy Dtscreiion
Fabricfund
140))
89.953
14001
89.953
12001
81,013
Restrlcted
Bell-Ringer$ fund
Ben2fi(* lund
Gapitsl Campaign
Music Scholatship
School House
Sl John5 Centre
Endowment
Charity Investments
7.044
1.054
8,936
2,258
48,150
741
1.034
14581
14581
12,927
12.¥2n
40.WJO
218.118
218,118
199,638
All income and expenditure derive from continuing activities
The statement of financial activities includes all gains and losses recognized during the year
Page 5

Balance sheet as at 31 December 2023
C1*5s and eode
This
5rx]0010
5000tr20 note 7
SlJohn* Centre
CBF COE Inveslmert 101D)1545S
COIF Charity Inve51meni 110930CIJ1T
Total ￿￿ed assets
125,000
67.250
150,867
343.118
125.000
61.468
138.170
'324k638
cl￿11
Cl￿5
C1506
C1507
C1508
C1510
D1510
SIS￿note 8
Z05 note 9
CAF Bank CuNeniP£d Otfj20131
CAF Bank Benefi￿Ary￿ 1x1j￿86
CAF Bank Bell Fund Ar￿unt(%]0g￿87
CAF Bank Covenant AL¥* oc1￿)88
CAF Bank FabiicAccl 00096089
CAF Bar* Capital Appeal CuThentO(k)21613
CBF Churth ofEngland Dwsit
Stock- Shop
Debtors
Total Cunwttassets
5.685
1,647
7,033
4,617
75.391
1.192
7,125
2,356
57.097
l(K)
4.057
126,716
1ixJ
32,815
181,091
4kbllitips
.204 notè 10
Credito
Total Liabililtes
1.818
1.818
1.966
tAssetSUFplus(t￿¢rtI
1167.868
503.911
Reservos
Note11
Represenied by fvnd$
Unrestrithd
Designated
Restricted
Endovjment
Tolal
155.484
89.553
4.714
218.118
467.868
125.343
80.813
98,117
199.638
503.911
The financial statements were 4YroV￿ bythe PCC and aUtI￿lseA1 for issue (ffi 2￿ March 2024 and signed on their
behalf by:
endary David macGe￿h
Vicar
Arthur Way
David Smith
Pagc 6

Notes to the Finaneial Statements for the year ended 31>1 Dec¢mb¢r 2023
l. Accounting Policies
Basis of preparation
Th¢ accounts (financial statements) have been prepared under the htstorical ¢0st ¢onveTttion with item5 recognised at cost or
trdn5action value unless otherwise stated in the relevant notes to th¢5¢ accounts. The financial statements have been prepared in
¢coTdance with the Charities SORP {FRS 102) 'AccouTtting and Reporting by Charities.. Statement of recommended practice
applicableto charities preparing theiraccounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) (effective l January 2019) and the Financial Rep)rting Standard applicable in the Unit¢d Kingdom and Republic
of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared togive a'true and fair, view and have deported from the Charities (Accountsand Reports)
Regulations 2008 only to the extent required to provide a 'true and fair view, This departure has involved following the Accounting
and Reporting by Charities.. Siatement of Recomtnended Practice applicable to charities preparing th¢ir a¢¢ounts in accordanee with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) rather than the
AccountÉng and Reporting by Charities.. Ststement of Recomtnended Practic¢ ¢ffectiv¢ from l April 2005 which has since been
withdrawn.
The tn]5t ¢on5titutes a public benefit entity as defmed by FRS 102.
The financial stateTneTrts are prepared in sterling which is the functional Cltrrency of the charity and rounded to th¢ nearest pound.
There are no signifieant areas of judgements or key sources of estimation uncertainty-
Mattrikl untertkinty related to going concern
The toial fllnds held at the end of the year were £467.868 of which £125,000 were held as tangible fixed assets 2nd £218,118 were
held as investments in an endowment fund. Total unrestricted funds i.e. free reserves (excludino fixed assets and designated funds) at
31 December 2023 were £30,484. The fre¢ reserves held have been severely depleted over the past three yeaTS. The charity hold5
desionated fllnds for the fabric of the building of £89.953. The trustees have prepared a budget for the forthcoming year and are
focused on generating sufTicient income to replace the reserves spent and the increasing income derived from events 2nd the ¢xpected
income from hiring the newly re￿rb1$hed Centre will aid St John's recovery over the coming yea￿.
Legal status of the charity
The charity is an unincorporated charity constituted by a deed of trust
Funds
Unrestricted funds can be used in accordance with the eharitable obje¢tives at the discretion of the twstees.
Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
Restricted fund5 can only be used for particular restricted purposes within the objects of ihe ¢harity. Restrietions arise when specified
by the donor or when funds are rdised for particular restricted PUTposes. The Revaluation reserve ¢onsists of surpluses arising on the
revaluation of properties. This fund may only be used on ihe sale of the properties. by release to ullrestri¢ted funds.
Further explanation of the nature and purpose of each fllnd is included in the notes to the financial State￿ents. The accounts include
all transaction5. assets and liabilities for which the PCC is responsible in law. They do not include the a¢¢ounts of charitable groups
that owe iheir affiliation to another tK)dy nor those that are informal gatherings of ChU￿h members.
Incorne reeognition
All income is recognized once the charity has entitlement to the income, there is suffi¢ient certainty or re¢eipt and so it is probable
that the income will be received, &nd the amount of income receivable ¢#n be m¢a5ured reliably.
Other trading activities are fllnds raised by festivals and shop income and Similar events and are accounted for gross.
Dividends and investments are accounted for when reeeivabl¢ ex¢ept for Bank interest when unpaid interest is accrued. Tax
recoverable on such income is recognized in the sam¢ a¢¢ounting year.
GAins and losses on investments
Realized gains or losses are rwognized when investments are sold.
Unrealized gains or10sse5 are accounted for on revaluation of investments at 3 1st December.
Page 7

Expenditure recognition
Liabiliti¢s aT¢ r¢cognized as expenditure as soon as there is a legal or eonstructive obligation ¢omrnitting the charity to that
expenditure, it is probable that settlement will be required 2nd the 2tnount of the obligation can be measured reliably. All expenditure
is a¢count¢d for on an ￿CrUal$ basis. All expenses, including support Costs and governan¢e costs, ar¢ allO￿ted or apportioned to the
applicabl¢ expenditure heading5 in the statement of fmancial activities. Irrecoverabl¢ VAT is charged against the expenditure heading
for whi¢h il was in¢urred.
Tangible fixed a$sets
St John's C¢ntr¢ is held at open market value at the balance sheet date. All movements arising from revaluation are shown in the
SOFA.
Consecrated and ben¢fi¢e Property is not included in the accounts in accordance with s.96(2){a) of the Charities Act 2011.
Movable church furnishings held by the Incumbent and d]urehwardens on special trnst for the PCC and whi¢h require a faculty for
disposal ar¢ inali¢nabl¢ property, listed in the church's inventory, which can be in5peeted (at any repsonable time). For anyihino
acquired prior ÉO 2000 th¢r¢ is in5uffi¢ient cosl inforn)ation available and iherefoie such assets are not valued in the financial
statements. Subsequently n(Tr individual item has cost more than £1,000 so all such expenditure h35 been written off wh¢n incu￿ed.
Individual items of equiptn¢nt used within the church premises with a puichase price of £500 or less are written off when the asset is
acquiTed.
Stoek
Stock represents the value of the eomrn¢rcial and sacristy inventory. Stock is held at the lower of cost and net reali2able valu¢.
Investments
Investments are valued at maTket valu¢ at 31st December.
Debtors
Amounts owing to the PCC at 3 Isi Deeember in resp¢¢t of fees, rent5 orother income are shown as debtors less pmvisions foramounts
that may prove uncollectable.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short t¢rm highly liquid investments with a short maturity of three months or less
from th¢ date of acquisition or opening of the deposit or simi12r aceounl.
Creditors #nd provisions
Creditors are r¢cognized where the charity has a present obligation resulting frorn a past event that will probably result in the transfer
of funds to a third paty and the amount due to settle the obligation Can be rneasur¢d or esti￿ated r¢liably. Creditors are nomially
recognized at their settlement amount after allowing for any trade discounts due.
Pen5ion5
Employees of the charity are entitled to join a defined contribution 'money purchase, schetne managed by NEST. The Church's
ontribution is r¢strict¢d to the contributions disclosed in note 5. There were no outstanding contributions 2t the year end.
Financial instruments
The charity only has finan¢ial assets and financial liabilities of a kind that qualify as basic financial instrutnent5. Basi¢ financial
in5trum¢nts are initially r¢¢ognized at transaction Yalue and subsequently measured at their settletnent value with th¢ exception of
bank loans which aTe subsequently measured at amortised cost using the effective interest method.
Page 8

2. Analysis of income
Unrestrieted Desi
nated Restricted
Endowment This
Last ear
INCOME AND ENDOWMENTS
Donatlons and legacles
0101- Covenant- Bank
0110- Covenant- 018nge Envelopes
0301SD- Loose Plate Collections-
Small Donation
0302- FunlWedlBap Collections
0501- Gift Aid- One-off Gifts
0550- Donations, Appeals, etc.
0555- Contactless Donations
0601- Tax Recoverable on Grft Aid
0560- Vergor Fundirig
0901- other grants
29.440
1,203
521
29,440
1,203
521
29,983
2,081
462
553
3.625
4,414
2,476
6,325
2.000
533
3,625
4,478
2,476
6,325
2,000
348
6.795
10,145
Total
50,557
64
50,621
52,317
Income from charitable activities
0203- Charity Specific- In
0910- Festivals Income
0915- Events Income
285
1.545
15.854
17.684
285
1.545
1.489
Total
17,684
18.139
Other trading activities
1030- Church - Rent
1101 Fees- Funerals and Weddings
1230- Church- Letlings
1231- Commercial- Food
1231A- Commercial- Food-Bar
0901- Olher Fund5 Generated
1040- Centre- Rent
0903- Music income
0905- Soryal Income
09(￿- Hospitality Donations
0907- Sacristy Reimbursement
0912- Flowers Incomè
1350- Benefice- Income
1352- Benefi￿- BMA
1360- Benefice- Pkjneer Minister
Refund
1382- Benefice-Admin Cont-st
Margaret's Chapel
7.000
4.g31
210
264
7,0
4,931
210
264
7,000
4.753
370
1.018
121
2,027
150
895
3CM)
2.057
165
502
92
430
160
895
300
2.057
165
502
92
430
25,114
11.0921
921
126
295
31,141
11.0921
1.589
24.954
{1,0921
921
2,328
2,328
1.070
Total
18.817
27,112
45.929
48.569
Investments
1001 Dividends
1020- Bank Interest
8.045
895
8,940
8,045
1007
9,052
6,313
439
6,753
47
Total
INCOME TOTAL
87.106
27.240
123,286
123,779
Page 9

3. Analysls of expendlture
Costs of generating fund$
1730. Festivals Expenses
1750- Fund-Raising Expense
17S5- Events Organizer
1760- Events Expenses
1,307
1.037
2,096
383
4,992
620
8.092
4,992
4,331
10,630
4.992
4,331
10,630
Toial
Expenditure on charttsble activities
1801 Charity Specific- Out
1810- Fe6s- FunÈra151VVeddings
1901 - Fees- B&W DBF Parish
Shorg
1920- Fees- B&W DBF Other
2010- Musl¢ D1￿Clor
2110- Benefice- Sl John's
Contrfbution
2112- Beneffice- Officè Telephone
2115- Benefice- Hospitality
211A- Benefice- Administrator
211AO- Benefice- PAYE Admin Fee
211AT- Benefice- Administrator-
Taxes- NIC
211 B- Benefte- Office Equipment
211C- Beneficè- Office Suppli0$
211P- Benefice- Administrator-
Pension
2121 Befiefice - Vicar Books
2122- Benefi￿- Vicar Telephone
2123- Benefi￿- Vicar Discrets'onary
2125- Benefi￿-v￿r Mileage
2126- Benefice- Vicar Path￿ra￿S
2127- Benefi￿- Vicar Rel￿81
305
2.450
7.500
305
2.450
7.500
2,680
16,000
15
6,567
18,048
15
6,567
18,048
6.567
22.8
1.062
87
9,775
292
125
1.062
87
9,775
292
125
950
26
11,599
292
551
1,468
4,956
1.023
1,468
4,956
1,023
1.272
2.830
1,274
143
1,196
1,088
2,398
60
300
1,189
1,009
2,826
1,189
1,009
2,826
84
2128- Benefice- Vicar Hospitalty
2129- BenefI￿- Vicar Subscriptions
212H - Benefice- Vicar Other
2151- Benefice- Pioneer Books
2152 - Benefice- Pioneer Telephone
2154- Benefi¢e- Pioneer Hospilalily
2155- Benefice- Pioneer Mileage
2156- Benefice- Plone$r Parkttr8ns
2159- Benefice- Pioneer
Subscriptions
215H- Benefice- Pioneer Othef
2190- Benefice- Curate Mileage
2191- 8enefice- Curate Parktrrans
2192 - Benefice- Curate Telephone
2193 - Benefice- Curate Hospitality
2194- Benefice- Curate Books
2198- BenefJ¢e- Curate Other
2220- Music Expenses
2225- Mu$1¢ Scholarship
2301- Church Expense- Insurance
2320- OrganlPkino
Tuninglmaintenan
2330- Church Expense-
Maintenance
2331- Churth Expense- Cleaning
516
202
132
31
516
202
132
31
632
202
109
124
655
115
134
124
855
115
134
92
950
148
158
1C
275
21
71X)
242
67
172
106
275
21
700
242
67
172
690
13
339
29
107
196
1,055
600
3.362
1,502
1.776
1.200
1,200
4,033
228
4,033
228
9QX)
9W
710
$46
546
1.731
Page 10

2340- Church Expense- Seujrity
2445- Caretaker-Pension
2366- Websile- Hostsng
2367- Website- Other
2380- Church Expense- Sacristry
2401- Churd) Expense- Ele¢trirAty
2410. Church Expense- Gas
2420- Church Expense- Water
2430- Church Expense- Broadband
2435- Church Expense- Storage
2440- Church Expense- Caretaker
2450-Church expense- Vvasle
Dlsposal
2470- Church Expell5e- Other
2475- Flowers Expenses
2540- Centre Expense- Gas
2550- Centre Expense- Insurance
2560- Centre Expense- Repairs
2570- Centre Expense- Other
2580- Centre Expense- Water
2590- Centre Expense- Cleaning
26D1 Exarnination Fee
2602- Bank Charges
2520- Centré Expense- Security
2730- Church Expense- Repairs
2196- Benefice- Curate Subscriptions
2195- Benefice- Curate Retreat
278057- C8pil81 C8TTIP8ign- StF-
Other
7010- BellRinger$ Expense
1,880
338
315
1,880
338
315
2,021
290
1,132
10,115
12,695
586
1,067
1.132
10.115
12,695
586
1.067
1.362
2,660
3,751
451
801
1.540
1,865
6,639
1301
6.639
1301
5,412
683
2.769
1.196
421
5,412
683
2,769
1.196
43,378
6,539
730
594
459
30.898
42.957
178
200
912
143
324
178
200
912
143
324
415
420
801
3.540
3.800
3.800
2.812
18
147,873
Totsl
90,685
78.293
166.978
other expendlture
9910- Clergy Discretion
200
200
200
200
200
177,808
e65
665
156.e30
Total
EXPENDITURE TOTAL
101,315
76.293
Included in expenditure is the Indepéndent Examiners fee of £93612022- £8011
4. Trust8•s' r8mun•ration and ￿n￿ritS, and related party transactions
The Trustee Edward MacGeoch was employed as Caretaker and received remuneration of£1,14012022'. £1,655).
There were no other trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31
December 2022.
Trust*•s' eX￿n$•S
There were no trustee expenses forthe year ended 31 December 202312022.. nill.
Related party transactions
There were no related party transa¢tions for the ye8r ended 31 December 2023 {2022.' nill.
Total trustee and key management pèrsonnel remuneration was £1,14012022.. £1,655)
Donations are receNed from trustees as they are member5 of the congregation. All donations from trustees are given wthout
conditions.
Page IJ

Staff costs
2023 ff)
18.421
2022 (£J
Wages and salaries
Social security costs
Other pension ojsts
16,404
676
826
19,099
17,030
During the yearlhe PCC employed 412022.. 4) members of staff. r￿e ofvthom eamed £60,CKIO pa or more.
Flxed 4$8ets
Freehold land and bulldings
Gross book value
At 1st January 2023
Al 31st December 2023
125,000
125,OCKI
Depreciation
At 1st January 2023
Charge
At 3181 December 2023
Net l>ook value
At 1st Jantjary 2023
At 31st December 2023
125,000
125,000
Sl John'$ Centre was valued in November 2021. The PCC having taken advice. believes the presènt rnarkel value of St John's
Centre remains iealislic at £125,000. The market value is reviewed biannually or at sud) times the PCC fee15 appropriate.
Investments
Asat
(Lossl l Gain
Asat
01.01.2023
31.12.2023
Listed investments..
CBF
COE Investsnent
61.467
138,170
{5,7831
112,6971
{18,4801
67.250
CBF
Charities Investsnent Fund
150,867
199,637
218,117
stock
2023
2022
Shop goods
100
10D
100
Debtors
2023
2022
Incorne lax recoverable
A(trued grant In￿Me
Other debtors
3.825
3.625
28,703
287
432
4.057
32,615
Poge 12

10.
Llabilities: amounts falllng due wlthln one yèar
2023
2022
Accruals
1,816
1.818
Other creditors
150
1.818
11. Funds
Fund movement by type
nin
Incomin
oin
Trnnsfers
Gainsllosses
Closin
CapCamp- Capltsl
Compaign
Restricted
Sub-total for Ca￿aMP
Centre . St Johns Centre
48,150
48,150
3,800
3,800
{44,350)
144,3501
Restricted
40.030
40,030
42,957
42,957
12,927)
12,9271
sub.total for Centre
Chln- Charity Investments
Endowment
199,639
199,639
18.479
18,479
218,118
218,118
Sub4otal for Chln
ClgyDise - Clèrgy
Discretion
Designated
sub.total for ClgyDIsc
MusSch- Music
S¢holarship
Restricted
(2001
12001
200
14001
14001
200
741
1.200
14581
14581
Sub-total for Mussch
741
1,200
General - General fund
Unrestricted
125,342
87.107
101,315
44,350
155.484
Sub-total for General
125,342
87,107
101,315
44,350
155,484
Fabric- Fabric fund
Designated
Sub-total for Fabri
Benefice . Benefice fund
81.013
81,013
8,940
8.940
89,953
89,953
Restricted
2,258
27,132
28,338
1,054
Sub-total for Bènèfi¢tr
2,258
27,132
28.336
1,054
8ellRinger- Bell-Ringers
fund
Reslricled
6,936
108
7.044
Sub-total for BellRinger
Grand totsl
6.936
503,911
108
7,044
467,868
123,286
177,808
18,479
Page 13

A description of the purpose of each fijnd
Capital campaign- this restricted fund is for the Tepalr of floor and reorderfng of churd).
Clergy Discretion-this designated fund is for the use of the clergy 81 their discretion.
Fabr￿ Fund- this designated fund is for the repair of the fabrtc of the building
Benefice- this restricted fund is for the expenses of stsffing and running of the benefice
Bell-Ringers- Ihis restricted fund is for the repalr of the bells.
Centre- St Johns Cent￿- this is reslrided for the iefurbishmenl of the building
Music Scholarship- this restricted fund is for music scholarship expense5
The CBF Church of England Inveslmgnt and COIF Charity Investment fixed assets are from legacies received during 2004. The
prtncApJe is not available for use by the PCC, but the ino)me from the investments is applied lo repairs of the church fabric.
The work funded by the capital campaign restricted fund was completed rn the year. Costs relating lo this campaign had been posted
to unrestricted funds. Therefore a transferwas made from the capital campaign fvnd lo the general fund.
Analysis of net assets per fund
Unrestrfcled
fund
125.(M)O
Dosignated
fvnds
Reslricled
funds
Endowment
funds
218,118
2023 tot81
funds
343.118
Fixed assets
Current assets
32,449
89.953
4,714
126.716
(1,9661
11,9681
Long term liabilities
155,484
89,953
218.118
467.868
Page 14

12. Comparative Statement of Financial Activities
Unrestricted Designated Restrleted Endowment
funds
funds
funds
funds
Total Prlor year
funds total fund$
Income and endowments frern:
Oonalions and legacies
Incom8 from Char￿ab￿ acbvites
Other IradirrfJ act1vrt￿S
Inve3knents
Total Income Inote 21
52,317
16,139
15,110
52,317
16,139
48,569
72,776
9,276
46,985
750
6.753
7,503
32.708
83.567
32,708
123.779
134,891
Expendlture c￿.
Costs of generatsng funds
Expenditure on ch8ritable acbvitie$
Other expenditure
Tot41 gxpenditur8 Inots 31
8,092
86,(￿3
8.092
147.873
665
166,630
8.848
171,168
002
182.018
61.810
665
665
94,165
61.810
Galns I losses on investment assets
Net inGcm*l le¥penditurel resources b8foro
transfÈr
26.0S3
126,0631
110,5881
6,838
129,1021
1S8,9141
118,9111
TYan$l*
Gross transfer5 behveen funds- in
Gross transfers belween funds- out
Other recognised gains 11055es
Gains on revaluation. fixed assets. charitls own
use
Net movement In funds
T¢)tal fund5 brought forward
135929
127 219
225 701
5B1 736
Total lun(ls ¢arrled foThrard
125.343
80.813
98.117
199.638
503.911
S62,825
Represented by
Unr85trlcted
General fund
125.243
125,343
135.931
Designated
Ckrgy DBcreth)n
Fabric fund
12WI
81,013
12001
81.013
73,510
R8strlcted
Bell-Ringers lund
Benefice fu
Capital Campalgn
Music Scholarshlp
School House
St Johns Centre
6,9
2,258
48,150
741
8,936
2,258
48,150
741
6.955
12.3061
50.978
1.341
40.030
40.030
70,250
Eftdowment
Charity Investments
199,￿8
199,638
225,701
Comparativ¢ analysis of net assets per fund
Unrestricted
funds
125,000
82,974
11,8181
RestriGted
funds
Endowment
funds
199,638
2022 total
funds
324.638
181,091
FiKed assets
Current assets
Gurreni liabl￿t¢S
Long temi li8￿1￿CleS
98.117
206156
199.838
503,911
Page 15

Independent Examinerfs Report to the Trustees of The Parochlal Church Councll of Glastonbury St John
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023
set out on pages 5 to 15.
Respective responsibilities of trustees and examiner
As the ¢harity's trustees you are responsible for the preparation of the accounts in accordance with the requlrements of
the Charilies A¢1 20111.the Acl'l.
It is my responsibility to".
examine the accounts under section 145 of the Charities Act.
to follow the procedures laid down in the general Directions given by Ihe Charity Commission {Ur￿er
Section 14515llbl of the Charities Act. and
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An
examination includes a review of the 8ccounting records kept by the charity and a comparison of the accounts
presented with those records. 11 also includes wnsideration of any unusual items or disclosures in the accounts, and
seeking explanations from the trustees COn￿mIng any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a
'Iiue and fair. view and the report is limited to those matters set out in the statement below.
Independent examiner's statement- matter of concern identified
I have ¢ompleted my examination. I have identified a matter of materi81 concern in my report because I have concerns
about the ¢harity's ability to continue as a going con￿rn. I draw attention to note 1 in the financial statements which
notes that the free reserves held by the Charity have been severely depleted over the past three years and are now at
critical level. As described on note 1, the Trustees are focused on generating sufficient income to replenish reserves,
however there still remained a matter of material Significan￿ regarding going concern, al the date of signing my
examinerfs report.
In connection with my examination. no material matters have come to my attention which gives me cause to believe that
in, any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act.. or
the accounts did not accord with the accounting records., or
the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set
out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts
give a 'true and fairf view which is not a matter considered as part of an independent examination.
I have come across no other niatters in connection with the examination to which attention should ￿ drawn in this
report in order to enable a proper understanding of the accounts to be reached.
Fiona we5￿00d FCA
Monahans
3 Landmark House
Wirral Park Road
Glastonbury
Somersel
BA6 9FR
Page 16