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2024-12-31-accounts

The Parochial Church Council of Glastonbury St John the Baptist A Christian Spirltual Centre at the heart of the town, for everyone Annual Trustees Report and Accounts Year ended 31 December 2024 DIOCESE OF Bath&Wells Living the story. Telling thè story. Registered Charity No 1129016 Page I

Administrative Information Glastonbury St John the Baptist {St John"s) Church is situated in Glaslonbury, Somerset. It is part of the Diocese of Bath and Wells w'ithin the Church of England. The correspondence address is High Street. Glastonbury, Somerset. BA6 9DR. Vicar Prebendary David MacGeoch Priest-in-charge ?008-?01 I Vicar ?011- 07 September ?0?4 in Vacancy from 07 septem1￿r 2024 Training Curates Revd Kieron Row"ley Ordained- June ?0?" R¢aders Di Grenter Philippa Chapman Annie Wynter-Croft- until October ?0?4 Readers P.T.O Margarei Wynn - until December ?024 The Parochial Church Council (PCC) is a regyistered charity with the Charity Commission. PCC members ho have served trom l January ?0?4 until the date this report Vils approved are: Joy Taylor (PCC Secretary) Arthur Way {PCC Treasurer) Ronnie Harkness Edward MacGeoch Geoff Snell James Spark-es Hannah Nott 20?1-?O?i l?nd term) ?tMI 20?1-?02i ( term) ?0?4?0?71?nd tem) ?O?? until September ?024 ?O???O?i I I" tenn) ?0?4.?0?7 ( I. lerm) Co-opted from June ?024 Deanery Svnod Representatives Mary Maslers David Randall 20?j-?0?6 ?O?j-?016 Church Wardens elected annuallTr. MaTr' not sen'e more than 6 vears David Smith (Lay Chairnian trom 071091?0?4) 20?4-?0?j Derek Dorey 20?4-?0?j Benefice Safeguarding Officer Helen Roper The Bath & Wells Diocesan Board of Finance hold title to property belonoing to the PCC Page 2

Structure, Governance and Management The method of appointiiient ot PCC members is set our in ihe Church Representation Rules. All Church attendees are en¢oiira¥ed to register on the Elecioral Roll and stand for el¢¢tion io the PCC. Meinbers are clected for a Iliree-i'ear tem and maN" b¢ re-elected for a further three-i'ear iemi. after li hich ihei" musi sthnd do%%n. DeaneTh" si.nod Representatives are elected even three l.ears throuuhout the Dic￿ese. neil eleciion ?0?6. Man. Masiers and David Randall are our serving Tn¢mbers. The PCC continued its pattern of reoular meetings. Committees Standing Committee The StandingJ Committee is the onl!. requtred commtttee. ¢onststing of the IncumknL Churchiiardens. Treasurer and Co-options i1.ho have thc poiier to conduct the business of the PCC beThieen meetings. subjeci io an!. dir¢¢tions byiven bv th¢ PCC. Finance Committee This is an infomal ¢ommillee ii'hich attends to maners relating to the steii"ardship of the planL church and centre buildings and their content& and rhe ¢hur¢hi"ard. Its Tnembers serve at the pleasure of the PCC. Fabric Committee This is an infornial committee iihich attends io matters relating io the steiiardship of the plan( church 2nd centre buildings and their contents, and the chur¢h%'ard. Its members serve at the pleasure of the PCC. Objectives and Activities St John s PCC has the reswnsibilits. of ci)-operaiing iiiih the In¢umknt in promoting in the ecclesiastical parish the ii.hole mission of the Church. pastoral. evan¥ielisric. S{￿1a]. and ecumenical. The PCC also has mainlenance responsibilities for the St John the Baptist Church. Hi¥h St￿¢1. Glastonburl". and associated propertN". The Church Lane Hub. 3 Church Lane. Glastonbur%' and the gyarag?¢ off Ar¢hers Wa!". Public Benefit The trustees have paid due regard to the ChariTh' Commission s guidance on public benefit in deciding ii.hat activities tlie cliariN' sholild undertake. The irnstees consider ihai the!" have acted ITr the public benefit. Achievements and Perfomiance Church Attendance and the Electoral Roll 2024 There are 128 members on the Electordl Roll. Review of 2024 The PCC met 6 times during the l'ear. Si John s PCC ¢oniinue to meet separatel!. ith the meetings being held in The Churcli Lane Hiib or St John s Church. The meetin&s all beLFan li ith an act of i%orship. Sundai" and mid-ii.eek Church services continued. The Sundai. services iiere all live-sireamed. Si John s hosted a ide N'ariets" of music And chornl events dLiring the l'ear oroanizéd b!. our Events O￿nIZer- Matth¢ii Redtnan and these continue to be hugelN' popular and iiell-siipported. Our communits. proje¢i- knoi¥n as-well-being. Mondai s continued to provide much needed siipport to those artending and a &'ari¢Th" of group activilies held during the dai" remained wpular. Various tund-raisin(F eveiits ii'ere held durinl? the l'ear and these i*eneraied much n¢¢d¢d incotne. We made substantial pa!'iiientS toiiards our Parish Shar¢ bul our income lias noi sutTicieni io meet our lotal Parish Share liabilits" to the Diocese. We reinain gralefiil to the Diocesan Board of Finan¢¢ for their undcrstanding. During the l'ear ile said goodble to of our cler&Tr' team and one of our R¢aders. PrelKndan" David MacGeoch moved from Glastonburl" to take up a neil w)sition in Leighton Buzzard. David had been a toii"ering presence at St John s and the ii.ider Benefice for 16 l'ears and has left ¥2p in the lives of all. A Benefice collection i&as arranged and qifts presented to David and his ilife Kathi. at a tareivell pam. held in St John s Church in Au¥ust. We also said Lryoodbi'e to Rei'erend Robin Rai. i&ho mO￿¢d aii"a!' from the are8 to be nearer his famil)". Robin had been a ben1￿ presence at St John s for mani. l'ears and provided enornious SUPiK)rt to the clerg). team. FinallN". ii"e said go(xlbN'e to mar￿￿ret WN'nn ilho also moved ai¥ai" from ihe area to live nearer to Page 3

her farnily. Margaret has been a much-loved part of the St John's famÈly and wider Benefice for many years. All three will be missed and all were thanked for their years of loyal ser¥i¢e and dedication to St John's and the Benefice. Finally. enormous ihanks go to all of our volunteer helpers and members of our congr¢gation who continue to give so generously both of their time and financially in order to keep St John's open and a vital part of the community it serves. Looking FonYArd ill 2025 With the Benefice in Vacancy, we will look forward to welcomin8 our new Vicar towards the end of the year. The priority in 2025 again remains the need to stabilize St John's financ¢s. Whilst a Stewardship campaign was again tK)stpon¢d in 2024 the Dio¢¢san Board of Finan¢e continues to offer support and guidance and it is hoped a Parish Giving campaign will go ahead durtn8 the y¢ar. Our Gift Aid claims on the donations and gifts r￿e1ved remain & vital sour¢e of income and will continue to do so in the years ahead. We remain grdteful to all those who continue to give 50 generously to support St John'5. Financial Review There was an increase in the overall fvnds held which was unex￿ted tn view of inflationary pressures leading to an increase in rutming costs. The value of th¢ Fixed Assets held with the CBF have increased and dividends received from th¢s¢ investments Continued to be a valuabl¢ souwe of income. As stated in previous years, apart from The Church Lane Hub, the fixed assets are beyond use by th¢ PCC. On th¢ advice of the Diocesan Board of Finance the Trustees designate the CBF & COIF Investtnents as Endowed Funds. The Benefice Fund shows an excess of income over expenditure £2.456.00 at the year•end. The financial tK)Sition in 2024 was much improved and it is hoped this momentum will ¢ontinu¢ in what wntinu¢s to be a challenging flnancial climate. Reserves Policy It is PCC policy to maintain all accounts ai CAF Bank Ltd and the CBF Church of England Dew>sit Fund. It has been tradition th¢ interest is d¢signat¢d for the Fabric Fund but the Trustees voted in 2023 to designate the interest for th¢ General Fund moving fotward. This poli¢y will be reviewed from time to tijne as appropriate. The PCC ensures there is sufficient reserves available to m¢et six months runnin8 and staffing costs. The total funds held at the end of the year were £477.034 of which £125,000 w¢re held as tangible r￿ed ￿ets and £223,065 were held as inv¢stm¢nts. Total unrestricted funds (excluding fixed assets and designated funds) at 31 December 2024 were £23.663 Free reserves ¢ontinu¢ to be below th¢ rquired level. However. the Trustees are confident that reseryes will increase in th¢ ¢omin8 year. Approved by the PCC on ￿ April 2025 and signed on their behalf by: David Smith Church Warden & Lay Chairman Derek Dorey Church Warden Arthur Way Treasurer Page 4

Statement of Financial Activities (including Income and Expenditure Account) for the year ending 318t December 2024 UDf¢strict¢d funds Restrirted EndowmeDt fuDd5 funds Total funds Prior year total funds Income and endowments from: Donations and leg8GIgS Income from charttable acbvihes Other trading 8CtNrttes Investments Totsl income (note 21 57,8 57,899 20,305 63,369 50.621 17.684 45.929 9,052 123.289 33,826 10,489 122,S22 29.S42 29,702 152,224 Expenditure on.. C03ts of generatirrfJ funds Expendrture on Charitable 8dNrt$ Other expenditure Totsl +X￿1￿1tUr# (not• 31 9.025 138.984 10,6 166,978 2C 177,809 109,916 29.C67 118.941 29.067 148,009 Gains I losses on imiestment assets Net income I lexpenditurel resources before transfer 18,479 136,0401 3.581 9.161 Transfer Gros5 transfers be￿een knnds- in Gr055 transfers be￿een funds- out Other wogni¥ed goin$ I10¥8es Gain8 on revaluation. fixe(1888els. L8riWs use Not movement in fund$ Total funds brOughtfor￿ld 218 118 503.911 Total funds c4th•d lop*ard 248.621 223.065 477.034 467,872 Represented by Unrestricted General fijnd 148,662 148,￿2 155,485 Deglgnated Clergy Discretion FabrK fvnd (4CK)) 1(MJ.359 {4001 1￿,359 1400} 89.955 Restricted Bell-Ringers fvnd Benefice fund Capital Campaign Music SGholarship Sl Johns Centre 6,427 2.456 6.427 2.456 1,054 ieth) {2,92n (6081 12.927) 14581 12,9271 Endowment Charity Invesfments 223.C65 223.¢ 218,118 All income and expenditure derive from continuing activiti'es The statement of financial activiti'es includes all gains and losses recognized during the year Page 5

Balance sheet Class and code D&scri tiOD This e8r Fixed assets 5000010 note 6 5000020 note 7 5000030 note 7 St John'8 Centre CBF COE Investment 101(K)1545S COIF Charity Investrnent 11093COJ1T Totsl Fix•d assèts 125,C( 68,7 154.275 348,CKS 125,000 67,250 343.118 Currènt ass•ts C1501 C1505 cl￿ C1507 C1508 D1510 S1500 note 8 Z05 noté g CAF Bank Current C(KJ20131 CAF Bank BenefKe A￿1 C(￿)86 CAF Bank Bdl Fund Aco)unt (K)O*A187 CAF Bank CcNenant knt C(XJW88 CAF Bank Fabrr AC￿ (XM)96089 CBF Churth of ErvJlaThJ t)wrt Sl<)d(- ShL¥) Dèbtors Totsl Current assets 786 1.192 7.125 2,358 57,097 54,003 100 243 6,125 2,393 62,931 4,{￿3 132,447 126.720 Liabllltles 8699 Z04 note 10 Agency colkntions Credrtors Total Liabilities 1,663 1,966 Not Asset surplusldoficltl 477 034 Reserves note 11 Represented by funds Unrestricted DeswJnat&J ReStr￿ted Endowment Total 148,ffi3 99,958 5,348 155.485 89.554 4,713 218,118 The financial statements were approved by the PCC and authorized for issue on W April 2025 and signed on their behalf by: David Smith Church Warden & Lay Chaimian Derek Dorey Church Warden Arthur Way Treasurer Page 6

Notes to the Financial Statements for th¢ year ¢Rded 31" December 2024 l. Accounting Policies Basis of prep2r4tioD The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost oi tratLsaction value unless otherwise stated in the relevant notes to these accounts. The Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as through Update bulletin I published on 2 Febnjary 2016) and the Financial RewIting Standard applicable in the United Kingdom and Republic of IrelaLwJ (FRS 102) and the chariti￿ Act 2011. The financial statements have been prepared to give a 'true and fair. view and bave depart￿ from the ChaTities (Accounts and Rqx)rts) Regujations 2￿)8 only to the extent re4wIr￿ to provi(k a 'true and tsir view,. This departure has involved following the Accoun1ing and R¢￿till8 by Charities: Statement of Recommended Practice applicable lo clwlties prepry their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) 1&s￿d on 16 July 2014 rather than the Accounting and Re￿)rtIng by CForiti¢s: Ststement of Recommended P￿tICe effective from l April 2005 which since been withdrdw The tn￿t consliths a public benefit entity as defll￿d ty FRS 102. Th¢ fjnancial Statem￿ are prepared in srling wbich is the fimctiODal ¢urren¢y of tb¢ clwity and rounded to the nearest w)und. There are no significant arms of judgeinents or key sourc¢s of estimation utKerthty. Material uncertainty related to going eoneern The totsl funds held at the end of the year were £477,034 of which £125,CW were held &8 taDgible fix assets and £223,065 were held as investments in an endowment futML Total unre5tricteA fijnds i.e. free reserves (excluding fixed assets and designated fimds) at 31 De¢emir 2024 were £23,663. The free r¢s¢rves held have been severely depleted over the past four years. The charity holds designated fimds for the fabric of the building of £100.359 which can ￿ transfetred to the general fimd if required. The 1Th￿tee8 have prepared a budget for the forthcoming year and are focused on generating sufficient income to replace the reserv￿ sp¢nt and the incr¢&sing income deriv¢d fron) events and the inc4)nK from biring the recently refurbxshed C¢ntre will aid St Jolm's recovery over the coming yeats. status of the eharity Th¢ PCC is a corporate kndy which is constituted and governed io accordance with the Parocbiai Church Councils (Powers) Measur¢ 1956 and the Church Repre￿￿On Rules. Th¢ PCC is a rcgist¢r¢d charity under the Charities Act 2011 Funds Unrestricted funds can IK used in accordance with the charxtsble objective5 at the discretion of the trust¢¢s. Designated funds are funds set aside by the trustees out of untestri¢ted general funds for specific fvtur¢ PUTEX)ses or projects. Page 7

Revaliiation reserve consists of surpluses arising on Ihe revaluation of properties. This tund may only be used on the sale of ihe properties. by release to unreslricted t"unds. Further e.¥planalion of ihe naiure and purpose of each fund is included in the notes to the financial statements. The accounts include all transaciions: assets and liabilities for w.hich the PCC is responsible in law. They do not include the accounts of charitable gyroups ihat owe th¢ir affiliation to anoiher body nor those thal are inforn]al gatherings of Church members. Income reeognition All income is recoonized once the charity has entitlement to the income: Ihere is sutyicient certainty or receipt and so it is probable that the income will be received. and the amount of income receivable can be measured reliably. Fundraisingy is funds raised by festivals and shop Income and similar events and are accounted for gross. Dividends and investTnenls are accounted for when receivable except for Bank interest ￿"hen unpaid interest is accrued. recoverable on such income is recoLFnized in the same accountino year. Gains and losses on investments Realized gains or losses are recogFnized when investments are sold. Unrealized byains or losses are accounied for on revaluation of inveslments at 31 st December. E¥penditure recognition Liabilities are recoLynized as expendilure as soon as there is a legal or constructive obligatton committing the charity to that expenditure. li is probable ihai settlement ￿"111 be required and the amount of the obli2ation can be measured reliably. All e.xpenditure is accounted for on an accruals basis. All el￿nseS. including support costs and Lyov¢mance costs. are allocated or apportioned to the applicable expenditure headingis in the statement of financial activities. Irrecoverable VA T is chargyed against Ihe e.xpenditure headinLY for w'hich it "as inciirred. For the Parish Share any unpaid amounts from previous years are not considered to be a liabilily. Tangible fi.Ked assets St John s Cenire is held al open market value at the balance sheet date. All movements arisino from revaluation are shown in Ihe SOFA. Consecrated and benefice property is noi included in the accounts in accordance wilh s.96(2){a} of the Charities Act ?0 I Movable chiirch furnishinL7s held by the Incumbenl and church￿3rdenS on special trust for the PCC and which require a faciilry for disposal are Tnalienable property. listed in ihe church-s inventory. which can be inspected (at any reasonable lime). For any"thingF acquired prior to ?000 ihere is insufficient cost infonnation available and therefore such asseis are noi valued in the financial statements. Subsequently no individual item has cost more than £ 1.000 so all such expenditure has been ￿rItten off w'hen incurred. Individual items ot equipTnenl used w"iihin the church premises with a purchase price of £500 or less are ritten ot7 when the asset is acquired. Sto¢k Siock represents the value of the commercial and sacristy inventory. Stock. is held at the lower of cost and net realizable value. Puge

Investments Inveslments are valued at mark-et value at 31 sl DeCern￿r. Debtors Anioiinis owingF to Ihe PCC at 31 st December in respect of fees: rents or other income are show'n as debtors less provisions for amounls thai may proN'e uncollectable. Cash at bank and in hand Cash at bank and cash in hand includes cash and short terni highly liquid investments with a short maturity of three months or less from the date ot"acquisition or openinLF of the deposit or siinilar account. Creditors and provisions Creditors are rrtosJnized where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a ihird party and the amount due to settle ihe obligation can be measlired or estimated reliably. Creditors are nOM￿llY ￿COgniZed at their settlement amount after allowing for any trade discounts due. Pensions Employees of the charity are entiiled lo join a defined contribution 'money purehase scheTne managJed by NEST. The Church's contribution is reslricled to the contribuiions disclosed in note 5. There were no outslandingF conlributions at the year end. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at trnnsaelion value and subsequently measured at their settlement value with the e.xception of bank loans whlch are subsequenily measured at amortised cost using the effective interest method. Piige 9

  1. Analysis of Income Unrestrieted nated Restricted EndowmeNI This vtar LAgt vear INCOME AND ENDOWMENTS Donatlons and legacles 0101- Covenanl- Bank 0110- Covenant- Orange Envelopes 0301SD- Loose Plate Cotlections- Sfflall Donabon Q302- FunlWèdBap Collethon$ 0501- Grft Aid- One-off Gifts 0550- Donabons, Appeals, etc. 0555- Contactkss Donations 0580- Verger Funding 0601 - Tax Recoverable on Grfi 30.744 1.186 3.728 30.744 1,186 3,728 29.436 1,203 521 553 3,825 4,478 2,476 2,000 6,325 6,131 6,131 6,068 2,523 2.000 4,969 2.523 Totsl 57.899 57.899 50.621 Income from charltable actlvltles 0203- Charity Specffic- In 0910- Festnials Incorne 0911 - Fund-Raising In￿rne 0915- Evènts In¢x>mo 418 2.474 137 17.274 20,30S 418 2.474 137 17,274 20,305 285 1,545 15,854 17,884 Total Other trading activities 1030- Church- Rent 1040- Centrè- Rent 1101 Fees- Funerals and Weddings 1230- Church- Lettings 1231- Commeiual- Fo(Kl 1240 - Centre- Lettings 1350- Benefice- In(x)me 1352- BenefI￿- BMA 1360- Benefice- Pioneer Minister Refund

  2. Beneffice-Adrnin Cont-st Margarefs Chapel 1365- Beneffice- Church House Trust Refund 0901 - Other Funds Generated 0903- Music Income 0905- Social Income 0906- Hospitalty Donations 0907- Sacristy Reimbursement 0912 - Flowers1ncome 7001 BellRinge15 Income 7,000 300 4,931 21[) 11,590 11,59) 460 11,0 26,544 11,0921 1,810 25,114 11,0921 921 26.544 11.0921 3.276 3,276 2.328 312 312 605 277 917 895 2,057 165 502 92 430 2TI 917 1.395 1,395 314 63,369 314 29,542 Total 33,829 45,929 Investment$ 1001 DivKJends 1020- 8ank Interest 8.877 1.526 10,404 8,8TI 1,771 10,649 8,045 1,007 9,052 85 Totsl 160 INCOME TOTAL 112,118 10.404 29,71Y2 152,224 123,289 P<ige 10

  3. Analysis of Expenditure Costs of generating funds 1730- Feslwals ExFÉnses 1755- Events Organller 1760- Events Exwses 1,318 1,318 4.992 2.714 9.025 1,307 4,992 4,330 10,630 2,714 9,025 Total Expenditure on charitable activltles 1801- Charity Speafie- Out 1810- Fees- Funeralslweddings 1901- Fees- B&W DBF Partsh Share 1920- Fees- B&W DBF Other 2010- Music Director 2110- 8enefice- Sl John's Contribution 2112- B8n8firA- Office Telephone 2115- Benefi￿- Hospttslity 2116- Benefice - Othèr 211A- Beneffice- Adfflinistrator 211AO- Benefice- PAYE Admin Fee 211AT- Benefice- Administrator- Taxes- NIC 211 B- Benefice - Offu Equisjment 211C- Benefice- Office Supplies 211 P- BenefI￿- Administrator- Pension 2121 - Benefice- vicar Bcoks 2122- Benefice- Vicar Telephone 2123- Benefi￿- Vicar Disc￿￿.0nary 2125- BenefI￿- Vicar Mileage 2126- Benefi￿- Vtcar Pathffrans 2128 - Benefi￿- Vicar Hosprtal 2129- Benefice - Vicar Subscriptions 212H - Benefice- Vicar Other 2151 Benefice - Pioneer Books 2152- Benefice- Pioneer Telephone 2154- Benefice- Pioneer Hospitality 2155- Benefice- Pioneer Mileage 2156- BenefI￿- Pioneer path￿ranS 2159- BenefI￿- Pioneer Subscriptions 215H- Benefice- Pioneer Other 2190 - BenefI￿- Curate mileage 2191 - Benefft￿- Curate pa￿ranS 2192- Benefice - Curate Telephone 2193- Benefice - Curate Hospitalrty 2194- Benefice - Curate Books 2195- Benefi￿- Curate Retreat 2196- Benefice- Curate Subscriptions 2198- Benefice- Curate Oiher 2220- Music Expenses 2225- Music Sd)olarship 2301 Church Expense- Insurance 2320- OrganlPiano Tuninglmaintenan 2330- Church Expense- Maintenan 2331- Church Expense- Cleaning 2340 - Church Expénsè- Sewrity 2366 - Websrte- HostiTVJ 2380 - Church Expense- Sacristry 328 6,654 328 6,654 305 2,450 7,500 20 6,567 19,2eii 20 6.567 19.2eA) 15 6.567 18,048 1.154 1,154 1.062 87 50 10,844 292 59 10.844 9,775 292 125 59 2.899 2.530 1.137 2,899 2,530 1,137 4.956 1.023 1.312 1.136 1.312 1,136 2.350 1.189 1,009 2.826 84 516 202 132 31 366 124 855 115 134 554 162 158 162 158 665 665 275 21 700 242 67 150 211 874 721 874 721 2W 2(￿j 196 172 1.776 1,200 4,033 228 1,677 1.677 150 4.175 328 4,175 328 228 9LKI 546 1,880 315 1,132 1.377 318 1.746 1,377 318 1.746 Page 11

2394- Shop- Stock Revaluation 2401- Church Expense- Electricity 2410- Church Expense- Gas 2420- Church Expense- Water 2430- Church Expense- Broadband 2440- Church Expense- Verger 2445- Caret8kei- Pensio 2450- Church Expense- Wd5te Disposal 2470- Church Expense- Ot￿r 2475- Flowers Expenses 2520- Centre Expense - Security 2540- Centre Expense- Gas 2550- Centre Expense- Insuran 2560- Centre Expense- Repairs 2570- Centre Expense- Other 2580- Centre Expense- Water 2590- Centre Expense- c￿an1n9 2601- ExaminaticK) F 2602 - Bank Charges 7010- BellRingers Expense 278057- Capital Campaign - StF - Other 1LX) 3,940 11,33S 632 1.200 8,086 SS7 1.190 10,115 12,69S 586 1,067 6,639 338 1.301 11,335 1.2C(I 8.086 567 1.1 5.412 683 324 2,769 1,1 43,378 1,379 1.185 1,379 1,185 191 191 346 178 21)0 912 143 1,170 126 1.170 126 1.057 1.057 3,800 Total 11Y3.916 29.(￿7 138,984 166,978 Other expenditure 9910- Cler Discrethjn 200 200 177.809 Total EXPENDITURE TOTAL 118.941 29.￿7 148.IA19 Included in expenditure is the Independenl Examiners fee of £1.17012023 - £936} 4. Trustees, remuneration and benefits. and related party transactions There were no trustees, remunerab.on or other benefits forlhe year ernled 31 De￿fflber 2024. Trustees, expenses There were no trustee expenses lor the year eryled 31 De¢emir2024. Related party transactions There were no related party transactions for Ihe year ended 31 De￿mber 2024. Total trustee and key management personnel remunerats.on was £nil12023. £nill Donations are received from trustees as they are rnembetS gfthe congregJ"¢)n. Atl donalK)ns from trustees ale given wrthoul conditions. 5. Staff costs 2024 (¥ 19.810 2023 (£) 18,421 Wages and salar¢es Social Security costs Other P￿SK)n ￿)Sts 824 678 20,634 19,909 During the year the PCC employed 3 {)23." 41 nmttrs of staff. rK)ne of whom eamed £eA).OCM) p8 or rwre. Page 12

Fixed assets Free1￿Id land and I￿lIdIng$ Gross book valu8 At 1st January 2ff24 At 31st D￿rni￿ 2024 125.CKJO 125.(X)O Depreciation At 1 sl JanLtary 2￿24 Charge At 31st De(Milw2024 Net book value At 1st January 2¢f24 At 31st Deeembtr 2024 125.IX)O 125.01)0 Investments {Los5} 1 Gain A5at 01.012024 31.12.2024 Listed investrnents.. C8F COE Investment 67,250 68.790 CBF Charities Investment Fur 150.867 154,275 218.117 223,065 Stock 2024 2023 Shop g￿d$ 100 100 Debtors 2024 2023 Inwme lax recoverable Acctued grant income Other debtors 3.625 3.625 438 432 4,057 10. Liabilities." amounts falling due within one year 2024 2023 Accruals 1,815 1.816 Other creditors 150 1.B15 Pcixg 13

  1. Funds Fund movement by type lllll Incoml Out oi TraDSfers G3iDsAosses Closin Centre-StJohns Cents Restricted 2.927 12,9271 2.927 12.927 Sub-total for Contre Chln. Charity Investrnents Endowment 218,1 f8 218.118 4.946 4,946 223.065 223.065 sU￿tOtal forCNn ClgyDlsc- Clergy Dlscretion Designated 400 14001 Sub4tstr1 for ClgyD 14001 Mvssch. Musie Scholar¥hip Restricted 458 14581 150 150 808 16081 SutAotal for Mu8Sch GÈnÈral. G￿&￿1 fund Unrestnded 155.485 155,485 112.118 112.118 118.941 118.941 148,663 148,663 Subtotal forGen¢ral Fabrlc- Fabdc fund De5unated 89.955 89,955 10.404 10,404 100.359 100,359 S￿).tOtal for Fabrfc Benefict- Ben¢fice fuThl Reslrrted 29.262 29,262 27.860 27,860 2.4 1456 SulAOto1 for 8•ngfiG BellRlnyr. Bdl.Riryrn luNI Restncted 440 1.057 1.057 6,427 6.427 Subtstal for B8llFOnggr Grand total 467 872 152,224 148.009 A description of the purpose of each lund Capital carnpaign- this restricted fvnd 15 for the repair of floor and reordering of church. Clergy Discretion- this designated fvnd is for use of the dergy ai their discretion Fabric Fund- this designated fund is for the repair of the fabric of the b(Jilding Benef￿- this restn"<aed fund is for the expenses of staffing and r￿nIng oflhe benefit Bell-Riroers- this restricaed fvnd is for the repair of Ihe bells. Ceniie- St Johns Cenire- Ihis is restrided for the refurbishment of Ihe building The CBF Church of England InvestThEnt and COIF Charrty Invesknent fixed assets a￿ from legaues retENed during 2CX)4. The principle is not available for use by ihe PCC. but Ihe income from inveslments is appl*d to repairs of the church fabric. Analysis of net assets fund Unrestricigj fund 125,(KXJ Designaled funds Restrided lunds Endowment funds 223.[￿5 2024 total funds 348.Ih5 Fixed assets Current assets 27.141 99.958 132.447 Current liabilrtEs Long temi liabilthes ,478 13.4781 148,663 99,958 223.(￿5 477,034 Page 14

  2. Comparative Statement of Financial Activities Unrestricted Restricted Endowment Total funds fuDds funds funds Prior i'¢ar total funds Income and enthwrfnents from.. onations and gaoes IncLYne fvoffl charitable actNrt Othertrading actNitEs Inwestments 50.557 17.684 18.817 50.621 17,684 45,929 9,052 123,286 52.317 16.139 48.569 6.753 123,779 27.112 Total incrynt Inote 21 Expenditure on.. Costs olgenerating fur￿$ Expenditurtt on ¢haritabÈ actNith8S Other expenditure Total expenditure Inot? 31 10.630 10,630 166,978 200 8.092 147.873 665 156,630 76.293 101.$1S 76.293 177.808 Gain5 1 Ic6ses on Inve8t￿nt assets Net income I lexFendlturel resources bÈforp transfer 18.479 18,479 18,479 I26.￿3) 138.0431 158,9141 15,4691 149.0531 Transfe Gross transfers between furth- ift Gross transfers between lurKls- (xrt Other re¢ognised gain5 1 Icwes Gains on revaluation. ￿e￿ a55ets. tharity¥ own use Net movement in fijnds 44.350 144.3501 144.3YJI 38.881 193.4031 1&479 136.0431 158.9141 Total fuThJs brouglrtfomrd 206,156 98.117 199,638 503.911 562,825 Totsl I￿{19 urrie¢l ftjrwanl 245,037 4.714 218.118 467,868 $03,911 Represented Un￿tricted General fund Designated Clergy fAscrebon Fabnc funij Restricted Bell-Ringers fuTrJ Benefi￿ funtl Capital C8mpabJn MUS￿ SchoL4r$h School House St Johns Ceni EndowTnent Charity Inveslments Analysis of net assets per fund 155.484 155.484 125,343 14001 89.953 12tK)I 81.013 6.936 2,258 48,15D 741 1.054 14581 14581 12.92n (2.92n 40.030 218.118 218.118 199.638 UnrestrKted lund 125,(KX) De$vJnatwJ funds RestrKted fvnds Endvwment fvnds 218,118 2023 total lunds 343,118 Fixed assets Current assets 32,449 89.953 4.714 126,716 11,9661 Long temi liabilities 155,484 89.953 4.714 218,118 487,868 PuRe li

Independent Exami Inerfs Report lo the Truste￿ ol Thè Parochial Chureh Council of Glastonbury St John I report lo the charity trustees on my ex2minath.on ofthe 80x0￿ts of charity ft>r the y&ar ended 31 December 2024 sel out on pages S to 15. Respèctlve résponslbllltles of trustees and examlner As the charity's truslees you a,"e rèspans,,b￿ for the preparabon ofthe accounts in acrordance wth the requirements of e Grarilies Act 20111'lhe Acri. 11 Is my responsibllity to.. e￿mIne th¢% accounts ￿￿ler sedton 145 ofthe CharTttes A to follow the pmcedures Liid dNyn in the general DwactK)ns gryen ty th? Ctriarity Commiss¥)n (l￿der Section 1451511bl of the CharHies Act, and to slate whether parti(￿￿8r mstt8rs have comè to my attenim. Basls of Indepèndent examinerfs statement My examination was ¢arried out in a¢co,'d8r¢ce wilh general Directh)ns gi￿en by the Charity Commission. An examination includes a review of the accounting records kepl by tiie charity and a comparison ol the accounts presented w'ith those rwords. 11 aL80 includes CL)n51derats"on of any unusual items or disdooures in the accounts and king explanations from -.ie trusleos con￿mIng any such m8tters. The procedures undert&ken do not provide all the evidep,ce that Would be required in an avdi( and consequen1ty nD opirDn is given as to whether the accounts prenl a 'Irue and fair, view and the report is limited to those m8X&rs sel OJI in the sttslemenl below. Independent examlner's statement- rnatter of concern identFfièd I have completed examination. I have ident."fo a matr.af cf natenal ¢Meem in nTy report because I have concèrns aboii the Charity's abillty lo conlnue as 3 goiig converi. I dra￿, attenL'on to no:.è 1 ir the finannél stalemen:s nolas hat Ihe free reserves b.eld il the Charity hawe beén severdy depbted Dbe.. the past foL'r iLars and are now at a ¢Ytical vel. As described orn riole I the Trustee< are focJsed cn gen?rylng suffictenl iicome lo replenlsh reserves, howevfrr thero still remained a matte": of material signtfitsnLts rr5garding going concerrtr. al the dalA Oi signing rny examiner's report. In ￿nneGlion with my examination, Tho material matters have come to atte.11￿ v4hi(* gNe8 me ￿uSe lo believe that n, any material respect. the accoijnvng records were iot kept in &xordanc% iyrth secaion 130 of th& Ch8dties Act", ne accounts did not accord ￿,￿ the accounting recorcs- or the accoLsntr> did nol tie appluble requireTi ents conceming th& fomi and ¢onlenl ol accounts Sel out In the Charities (A￿¢￿jnlS and Reports) Regulak..ons 20C.8 oth>r than any wuiremeil that the accounts give a Irug 2nd fai., view which is nat a TTratrer cons dered as part of an Snoependenl examination. I hav• come across no oLheT matters in connection W[￿ the exarThp.ats"or, to atte1tion should drawn In this report in oroer to en?ble a proper unders'Anding of the acctsJr,ts to be reacled. F ona WesNvood FCA Monahans 3 Landmafk House V.Ir81 Park Road Glastonbury Samersel BA6 9FR Dale" Page 16