The Parochial Church Council of the Ecclesiastical Parish of
St Mary and St Ethelflaeda, Romsey
Annual Report and audited Financial Statements for the
year ended 31 December 2024
Contents
Page
Annual Report
Independent Auditorfs Report
Statement of Financial Activities
10
Balance Sheet
11
Cash Flow Statement
12
Notes to the Financial Statements
13
Correspondence Address
The Parish Office, The Vicarage, Church Lane,
Romsey, S0518EP
Charity number
1133189
Website
www.romse
abbe
.or
.uk
Bankers
TSB Bank PLC, Romsey, Hampshire
CAF Bank Limited, West Malling, Kent
Independent Auditors
Knight Goodhead Limited,
7 Bournemouth Road, Chandler's Ford,
Eastleigh, S053 3DA
Throughout this document, thefull name of the Charity, given above, is
abbreviated to Romsey Parochial Church Council

Romsey Parochial Church Council
Annual Report for the year ended 31 December 2024
Alm5 and purpose5
As a requirement of the Parochial Church Counclls (Powers) Measure 1956, Romsey Parochial Church Council IPCCI has
the responsibility of co-operatinB With the incumbent, in promoting in the parish, the whole mission of the Church,
pastoral, spiritual, evangelical. social and ecumenical. The PCC also has maintenance responsibilities for Romsey Abbey,
St, Swithun's Church, Crampmoor, the Parish Office at the Vicarage, and Romsey Abbey Church Rooms.
Oblectlves and Actlvltles
The primary objective of the PCC is the promotion of the Gospel of Jesus Chrlst accordlng to the doctrine and practice of
the Church of EnBland. The strapline"Living. Loving. Servin8" inspires all of Ihe activlty undertaken In the name of the PCC,
The regular pattern of Sunday worship malntained at Romsey Abbey comprlses Holy Communion at 8am, Sung Eucharist
at 9.'30am, Abbey Vine at 11:15am and Evensong at 6.30pm. On the last Sunday of each month there is a celebration of
Holy Communlon accordin8 to the Book of Common Prayer {BCP) at 3:30pm followed by Parlsh tea. Special seNices are
held for civic events, youth and service organisations.
St. Swithun's, Crampmoor has one seNlce every Sunday morning. On the first Sunday of each month It is Mornlng Worship
whilst on the other Sundays it is a Eucharist with hymns. To caler for young famllies, there are children's activities offered
each week durln8 Abbey Vine and on the flrst Sunday of each month the "Shorte¢' Eucharist in the Abbey incorporates a
talk aimed at all ages and worshlp son8s as well as traditlonal hymns. Singin8 Story Time takes place weekly at St Swithun's,
Crampmoor. A 'Sund3y School" restarted during the year. after four years without any such provi5ion.' "Seekers" offers
dlscusslon, activlty and craft for chlldren durin8 the Sun8 Eucharist.
Weekdays and Saturdays begln wlth Morning Prayer in the Abbey combined with the Eucharlst (except on Mondays and
Wednesdays). Evening Prayer Is said every day except on Sundays and alternate Thursdays when Choral Evensong Is sung.
There Is a Sung Eucharlst on major Holy Day5 and some Festivals. There is also 3 8ereavement seNlce near to All Souls,
Day at whlch those who have dled In the prevlous twelve months are specifically remembered. On Holy Innocents Day,
28 December, a service Is held for those who have lost chlldren or young people, A se￿iCe for Romsey Abbey School Is
held each term and a Holocaust Memorlal Service Is also held in conjunction with the khool.
Baptisms are conducted on manysundays In theAbbey and ottasionally at St Swithun's, Crampmoor. The preparatlon for
these seNices includes the introduction of a baptism visilor, whose role It is to share wlth the families involved an
understandlng of the servSce Itself and more about the Christian f3ith, and Baptism preparation meetings. Couples are
prepared for Marriage and bereavement care is offered following funerals through the Pastoral Ministry Team.
Tlmes of servlces and other events are published in the weekly Bulletin, distributed by e-mall to over I,LKsO reciplents,
"Open Door" {the Parish Magazine), the Romsey Advertiser and online on the Parlsh websile and other social media. It IS
possible to contlnue with all these commitments thanks to the whole clergy team. which Includes Self Supporting Ministers
{SSMI. Licensed Lay Ministers ILLMI and several other local Honorary Assistant Clergy.
There is a weekly meeting of the Baby and Toddler Group durin8 the school term and several home groups meet regularly
forworship and study. A number of social activities are offered, with regular parish lunche5 and teas, which are particularly
valued by those who live alone. The Listenin8 Café meets on Wednesday afternoons, offerin8 an opportunity for support,
friendship and a chat to anyone wishing to attend.
TheAbbey hosts manycommunityevents, including around 30 concerts each year by local. reglonal and professional muslc
groups. other exhibitions. creative activities such as "Art in the Abbew, and other events. Free lunchtlme concerts are
offered between March and July and from September to November. In addltion. a number of local schools and charities
held Christmas Carol services or concert5 in the Abbey during December. Screens within the Abbey are used not only to
ncorporate visual material durin8 regular worship, weddings and funerals, but also to improve visibility in concerts and
setvices.
Page I

Romsey Parochial Church Council
Annual Report for the year ended 31 December 2024
ObJe¢tlves and Activltles (continued)
The Abbey is open forvisitors every day until at le35t4:30pm with volunteer stewards on dtjty from mid-morning to provide
a welcome and answer questions. There were around 50,000 visitors during 2024 with a further 16,000 Indivlduals
attending concerts and recitals and events or8anised by charities and schools.
The Trustees confirm that they have due regard to the guidance on public benefit issued by the Charity Commission and
consider that thls report explains how the activities of the Charity provide public beneflt.
Achlevements and performance
The full Parochlal Church Council held six regular meetings during the year with one additional meetins for a 5peciflc
purpose. Attendance at these meetings averaged 72% with eleven PCC members achieving a 100% attendance rate. Five
PCC members recorded an attendance rate of less than 50%. Sub-committees and working groups contlnued to meet
throughout the year and minutes of these meetin8s are revlewed and matters arising are dlscussed as necessary at PCC
meetlngs. Summaries of the work of these Groups are reported to the Annual Parochlal Church Meetlng IAPCM). whlch
took place In May. There was at no time during theyear a full complement of PCC members.
Jane Russell Is ihe Electoral Roll Officer. There were 469 {2023: 4511 parishioners on the Electoral Roll, The average "In
person" Sunday attendance for Romsey Abbey during 2024 was 283 adults (2023- 2751 and 25 children12023: 251 with
further 2712023- 241 adults worshipping regularly at St Swithun's, Crampmoor. In addition, an estimated average of 50
12023: 801 Indivlduals viewed the live-streamed seNice each week. which also average 150 views after the Ilve broadcast.
Durlng the year there were 27 baptisms {2023: 38), 14 weddings (2023., 251 and 36 funerals12023: 431 in the Abbey, with
no baptlsms {2023: none) and two funerals12023'. two) at St Swithun's as well as 17 funeral services at a crematorium or
cemetery taken by clergy from the parish12023: 23).
2024 was the first full year for Syrone Dore. as part-tlme Children and Families worker, and Rosy Payne, as part-tlme Youth
worker, both of whom have been carrying out slgnificant and Important work with young people. Two new Inltiatlves
arose as a result of their work. The first was "Oasis" a group for Chlldren who prefer a q uleter environment, which is not
contlnulng and Llttle Angels, whlch operates monthly. In addition, the Youth Club was relaunched and a series of events
for choristers and other youn8 people has been offered.
In September Lin Webb, Finance Officer since 2019. retired and was replaced by Alex Butcher. Sarah Riley continued a5
Safeguarding Officer. At the start of July the Parlsh welcomed as Asslstant Curate. Reverend Yin-yin Bull, following her
ordinatlon as Deacon In Winchester Cathedral. The Parish also welcomed John Newton as Organ Scholar In September.
Durin8 the year, the Venerable Andrew Doughty moved to Romsey after retiring as Archdeacon of Bermuda In Summer
2023 and joined the team of Honorary Associate Prlests who continue to offer support to the Stipendiary Clergy in the
Parlsh. Following re-organisation, the pastoral team welcomed new volunteers and its members are now Involved in taking
Holy Communlon to parishioners either in their own homes or in care homes and supporting others over the telephone by
offering a listening ear,
The Parlsh lunch has contlnued on the second Thursday of each month with a dedicated team of volunteers servlng a
delSclous two-course lunch around 70 people. As well as the food the event offers an opportunity for fellowship and
conversation. The Parish Tea, run by loyal volunteers from the Abbey's Catering Team on Ihe last Sunday afternoon of
each month, provides another opportunity for fellowship and friendship as well as offering delicious home-made
cake5. The tea, which follows the monthly service of Holy Communion celebrated accordlng to the Book of Common
Prayer, Is open to all and attracts between 30 and 60 people each month.
Lunchtime recitals continued through the year offewing a wide range music and have been well-attended. at the same tlme
ralsing slgnlficant funds for Frlends of Romsey Abbey Music. which support5 the work of the Abbey Choirs. These recltals
complement the series of evenin8 concerts arranged by Music in Romsey Abbey IMIRAI, One particular highlight was the
concert given by The King'5 Men. comprising choral scholars from Cambridge, who performed a concert and gave a vocal
workshop for local 5chool5.
Page 2

Romsey Parochial Church Councll
Annual Report for the year ended 31 December 2024
Achievements and performance Iconllnued)
The Epiphany Gift Servlce took place at the start of January and those In the con8regatiDn were generous with thelr
donations of gifts for local children.
The effi8y of Alice Taylor at the west end of the Abbey remains raised in an attempt to stabilise the condltlon of the plaster.
Peter Martlndale, the conservationist, decided on hls review that it would be beneficlal to keep the effigy elevated for a
further year. It is hoped that it will be lowered back Into position during 2025. The Friends of Romsey Abbey have
generously funded this work.
The Sung Eucharist is Ilve-streamed each week and is then avallable for some time after "broadcast". Thls servlce 55 also
avallable for weddings and funerals and for concerts. The PCC thanks the members of the Romsey Abbey Technical Team
who undertake this Important work voluntarily.
Members of the Abbey Net Zero Carbon group have been monitOTlnE the environmental conditions Inside the Abbey as
well as power consumption, carbon footprint and costs so that the informatlon collected can Inform the next Steps in
chooslng a low carbon heatlng system. They have also looked at the posslbllities for making the Church Rooms more net-
zero friendly.
The Friends of Romsey Abbey funded multi-spectral 5uNey of the Romsey Rood. Preservation of the Rood Is one of the
major considerations for the PCC. An environmental conservationist is booked to make a report on the Rood soon.
The pereBrine falcons returned agaln thls year (excellent for mana8in8 the pigeon population) and, in an attempt to
persuade them to nest properly, the Vicar Ilaised wlth local societies to fund and provlde a nest box and camera feed from
the bell chamber turret.
th
There was a movlng dlsplay markin8 the 80 anniversary of D.Day which 8ave the life stories of three young men from
Romsey, all of whom were sadly killed on D-Day itself - 6 June 1944.
In July, the Abbey hosted five tholrs each of whlch offered a short programme of muslc as part of the town's annual
Be88ar's Falr and in October there was a Heritage Open Day, whlch included a Mummers play supported by
Southampton-based Norman re-enactment Society and medieval-themed refreshments.
As Chrlstmas approached, the Abbey was busy in Advent hostlng a large number of Carol service5 and Chrlstmas concerts
bringing a large number of people into the bulldlng who might otherwise not take the opportunlty to do so.
The enormous success of holding the Christma5 Fair in the Abbey (for the third timel was a joy, This engendered a lovely
sense of community spirit and raised more for the PCC'S funds than when the event took plate in the previous location at
Crosfield Hall.
Plans for the Future
In additlon to the slgnlficant task of malntainlng "business as usual" in a Parish whlch now has a populatlon of 20,000, a
number of initiatives are underway including repaSrs to the flooring in the South Transept where one of the ledger stones
is sinking and plans for the roofing to be renewed on the tower roof, the installation of a new flagpole and renovatlon of
the clock on the Abbey. Test Valley Borough Council is also working with the PCC to secure the installation of a
commemorative statue of the late Queen Elizabeth 11 on the North Churchyard. For the flrst time In some years. there
will also be Stewardship Campaign.
Page 3

Romsey Parochial Church Council
Annual Report for the year ended 31 December 2024
Flnanclal Revlew
Total incomeon unre5trictedfunds amounted to£489.341{2023= £476.8791 of which £11.72212023: £713lwas investment
Income generated by the designated capital fund. £16.000 of unrestricted legacy income was received in 202412023: £nill.
The unrestricted general fund shows a decrease in income of £14.547 to £461,619 from £476,166 and an increase in costs
of £4,067 (from £457,289 to £461.3561. Afler adjustlng for revalualion of investments. the surplus on the general fund
was £2,00012023: £21,623}. The PCC is grateful for all donations. especially from those who glve regularly. 16112023".
1491 regular donations were recelved through the Church of England Parish Giving Scheme
Following the declslon that the Trustees took in 2012 all unrestricted legacies received are allocated to the Capltal Fund.
with £16,000 being received during 2024. The year-end balances of the various restricted funds increased by £21,425
durlng the year. largely as a result of the increase in the year-end valualion of Investments whllst the Endowment Fund
also increased by £67,213.
Reseryes policy
At the end of the financièl year the PCC held total funds of £4,202,409 {2023: £4,089,753). of whlch £749.83912023:
£728,414) were restricted and £3,003,75112023: £2.936.538) were endowrnents all of which were therefore not available
for the general unrestricted use of the charity. The restricted funds were for linter ollo) the malntenance of the fabric and
organ of RomseyAbbey, the fabrlc of St Swithvn's. and are unlikely to be disbursed to a signiflcant extent In the loreseeable
future, as well as some other items, which will be disbursed in the next few years.
Further funds wlthln the total were deslgnated by the PCC for the speclfic purposes but could, If the PCC so Chose, be
undesignated and used for its general purposes. Whilst no formal date has been proposed for the use of these designated
funds, they are designated for Specific projects as explained in note 8 of the linanclal statements. The PCC'S long-term
financial objective is to maintaln the Capital ReseNe Fund within Ihe range of £280.000 to £300.000 Ithe level before It
had to be used to support the day to day running costs of the parish In the first decade of this century and the construction
of the enlarged parish offlce In 20081 so that if major repairs or other expenditure are required urgently, they can be
undertaken swiftly.
The PCC also has a long-term oblective of holding free reserves (the balance on the General Fund less Investments a5
delined by the Charity Commission) of between 3 and 6 months budgeted annual expenses, to guard against normal
fluctuatlons in day-to-day income and expenses. At the year-end these operating reserves were £107,739, sli8htly less
than the target range of £120k - £240k. It remains the objective of the PCC to increase these reserves gradually in the
medlum term.
Glven the purposes for which restricted and designated funds are held, investments are almost excluslvely In CBF Church
of England funds adrnlnlstered by the CCLA Investment Management Limited.
Structure, Governance and Management
The method of appointment of PCC members is set out In the Church Representatlon Rules. The PCC consists of the
Incumbent Ithe Vlcarl, and other clergy Including the Associate Priest and A551Stant Curates (both stipendiary and non-
stipendiaryl, the Churchwardens, the Licensed Lay Minlsters (Reader) and other5 who are elected by those who are on Ihe
electoral roll, In addition, those who represent the Parish on the Deanery Synod are all members of the PCC ex-officlo,
PCC member5 are responsible for making decisions on all matters of general concern and Importance to the parish and
have legal responsibllities for ensuring that the PCC operates only within its powers. New members of PCC are given
information about the activities and purposes of the PCC and existing members are remlnded of these matters at the first
meeting after the APCM each year.
Page 4

Romsey Parochial Church Council
Annual Report for the year ended 31December 2024
Structure. Governance and Management Icontlnued)
Risk Monagement ond sofe9uarding
The Trustees confirm that they have considered the major risks to which the PCC may be exposed and have taken steps to
manage those risks. The PCC maintains an active risk register. which is formally reviewed at least once each
year. Significant Sndlvldual risks are a55essed for likelihood and impact after relevant mltlgatlon actions have been
taken. Each risk Is ass18ned to an indbvidual or PCC committee to "own" and monitor regularly. The key rlsks after
mitigation are:
failure to generate sufflclent income to meet all contracted costs;
failure to maintain assets;
loss of key people; and
breach of data inte8rity rules.
Durlng 2024 the PCC reviewed and updated Its succession plan and prepared buslness contlnuity (disaster recovery) plans
for Its various buildings.
The PCC complles with its duty to have due regard ¢0 House of Blshops, guidance on safe8uardln8 children and vulnerable
adults.
Subcommlttees
At the end of March 2025, the following committees were operatlonal: Standing {which is the only commlttee requlred bv
statvte); Church Rooms,. Dlsclpleshlp; Abbey Net Zero Carbon Group; Fabrlc,. Flnanclal Resources,. Friends of Romsey Abbey
Choirs (renamed during the year): Health & Safety,. Magazine: and St. Swithun's. Some of these committee5 include co-
opted members who are not member5 of PCC. Named individuals have speclflc responsibilities for matters such a5
Safeguarding and report directly to the Vicar and Churchwardens. All of the commlttees and other assocSated
organlsatlons present a report covering the yearfs actlviiles to the APCM. The PCC Is also represented on Ihe E¢umenical
organisation "Churches Together In Romsey". In addition. there are weekly meetin8$ of the Ministry Team and the Vlcar
and Churchwardens, althou8h these groups do nol report to the PCC.
Responslbllltles ol the PCC In relatlon to the Financlal Statements
The PCC Members are responsible for preparin8 the report and the flnancial statements in accordance with appllcable law
and United Klngdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The Charitles Act
2011 requires the Trustees to prepare linancial statements for each flnancial year that give a true and falr vlew of the state
ol affairs of the charity as at the balance sheet date and of its income and expendlture for the financial period reported.
In pieparing those financial 5latementS, the PCC Should follow best practice and:
select suitable accountlng pollcles and then apply them con5iStently;
observe the methods and prlnciples in the Charities SORP.
make judgments and estlmates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any materlal departures
disc105ed and explained In the financial statements: and
prepare the financial statements on the going concern basis unless it is inapproprlate to assume that the charlty
will continue on that basls.
The PCC Members are responsible for maintalnlng proper accounting records which disclose with reasonable accuracy at
any time the flnancial position of the charity and to enable them to ensure that the financial statements comply with the
Charities Act. The PCC Members are also responsible for safeguarding the assets of the charity and for taking reasonable
steps for the prevention and detectlon of fraud and other irregularities. The PCC Members are also responslble for the
contents of the Annual Report, and the responsibility of the audltors In relation to the Annual Report is limited to examining
the report and ensuring that. on the face of the report. there are no inconsistencies with the figures di5c105ed in the
financial statements. So far as each Trustee is aware, there is no relevant audit information of which the charity's auditors
are unaware, and each Trustee h35 taken all the steps that they oueht to have taken as a Trustee to make themselves
aware of any relevant audit information and to establish that the charity's audltors are aware of that information.
PaEe 5

Romsey Parochlal Church Council
Annual Report for the year ended 31 December 2024
Admlnlstratlve Informatlon
The Ecclesiastical Parish of Romsey is part of the Diocese of Winchester within the Church of England, The PCC is a
corporate body IPCC Powers Measure 1956, Church Representation Rule5 2023) and a charity registered with the Charity
Commission. The information on Ihe front page forms part of this report.
The Parochial Church Council comprises either lal ex-officio members or members elected by the Annual Parochlal Church
Meeting and (bl co-opted membors. All members ol the PCC are Trustees of the Charity. The individuals listed below
served on the PCC for the whole of the period from I, January 2024 to 9 April 2025 unless indlcated otherwise either by
the end of the term of office or resignation.
Vlcar
Revd. Canon Thomas Wharton
Associate Prle5t
Revd. Sally Womersley
Asslstant Curates Revd. Yin-yin Bull (from July 20241
Revd. Flona Jenvey (Self-supporting Minister)
Revd. Dr. Mich Lajeunesse (Self-supporting Minlsler)
Miss Julie Carlton MBE {until 13, June 2024)
Mr David Auger
th
Mrs Jan Bartlett (from 13 June 2024)
Churchwardens
Deanery Synod
Mrs Adrienne Mordan. Miss Julle Carlton and Mrs Elizabeth Wa8ner.
th
Miss Dlane Kingston served until 25 May 2024.
The current terms ofoffice ofthe Deanery Synod Representatives terminate at the 2026 APCM,
Counclllors
Name
Ih
Mrs Janlce Bartlett (Churchwarden from 13 June 20241
End of term
th
Mr Rick Beton (co-opted untll 25 May 2024)
Mr James Hartley-Binns
Mr Tim Edmonds
Mr Christopher Harpham {from 25 May 2024)
Mrs Diane Hargreaves
Mr5 Jill Thompson-Hall
Mr David Johnson
MrAndrew Keelin8
Mrs Pam Leech {PCC Secretary)
Mr Rhy5 Lewls
Mrs Valentine Lines
Mr Richard Pratt
Mrs Sarah Riley (from 25 May 20241
Mr Martin Seymour
APCM 2025
APCM 2026
APCM 2025
APCM 2027
APCM 2027
APCM 2026
APCM 2027
APCM 2025
APCM 2026
APCM 2025
APCM 2026
APCM 2026
APCM 2027
APCM 2027
th
Tlmothy Rogerson FCA Serves as Treasurer to the PCC, although he is not a Trustee and does not vote Sn PCC meetings,
Approval
This report was approved by the PCC on g April 2025and is signed on its behalf by:
th
Mrs P Leech
Trustee and Honorary Secretary to the PCC
Page 6

INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OF ROMSEY PAROCHIAL CHURCH COUNCIL
Oplnion
We have audited the financial statements of Romsey Parochial Church Council (the "Charity"I for the year ended 31
December 2024 whlch comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to
the financial statements, Including a summary of si8nificant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accountlng Standards, including Financial
Reporting Standard 102.. The Financial Reporting Stondord opplicoble in the UK and Republic of Irelond Iunlted Klngdom
Generally Accepted Accounting Practice).
In our opinion. the financial statements:
give a true and fair view of the state of the Charit¢s affairs as at 31 December 2024 and of its incomlng resources
and application of resources for the year then ended;
have been properly prèpared In accordance with Unlted Kingdom Generally Accepled Accounting Practlce;
have been prepared In accordance with the requirements of the Charitles Act 2011.
Bas15 for oplnlon
We conducted our audlt in accordance with International Standards on Auditing IUKI {ISAs IUKI} and applicable law. Our
responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial
statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are
relevant to our audit of the financial statemenls in ihe UK, including the FRC'S Ethical Standard, and we have fullilled our
other ethical responsibilitles in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our ¢¥)inion.
Con¢luslons relatlng to golng concern
In audlting the financial statements. we have concluded that the trustees, use of the going concern basls of accountln8 In
the preparation of the flnanclal statements is appropriate. Based on the work we have performed, we have not identified
any material uncertainties relatlng to events or conditions that, indivldual or collectively, may cast slgniflcant doubt on the
Charity's ablllty to continue as a goin8 concern for a period of at least twelve months from when the flnancial statements
are authorlsed for Issue, Our re5ponsibilitles and the resp¢)nslbilities ol the tiuslees wlth respect to going concern are
described In the relevant section of this report.
Other Information
The trustees are responsible for the other Informatlon. The other informatlon comprlses the information intluded In the
annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial
statements does not cover the other Information and, except to the extent othenvise explicitly stated In our report, we do
not express any form of assurance concluslon thereon.
Our responsibility Is to read the other information and, In doln8 so. consider whether the other information is materially
Inconslstent with the financlal statements or our knowledge obtained In the course of the audlt, or otherwlse appears to
be materlally mlsslated. If we identify such materlal inconsislencie5 or apparent material mlsstatements, we are required
to delermine whether there is a material misstatement in the financial statements or 3 materi31 misstatement of the other
Information.
We have nothing to report In this regard.
Matter5 on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the Charity and Its environment obtained In the course of the audiL we
have not Identlfied material misstatements In the Trustees, Annual Repoit.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulatlons 2008 require u5 to report to you if, in our opinion-,
the information given in the trustees, report is inconsistent in any material respect wlth the financial statements,.
or
sufficient accounting records have not been kept,. or
the financlal statements are not in agreement with the accounting records; or
we have not obtained all the information and explanations necessary for the pvrposes of our audit.
Page 7

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ROMSEY PAROCHIAL CHURCH COUNCIL
{continued)
Responsibilitles of the trustees
As explalned more fully In the trustees. responsibilities statement. the trustees are responsible for the pieparation of the
flnanclal statements and for being satisfied that they give a true and fair view, and for such internal control as they
determlne Is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or eiror.
In preparing the financial statements, the trustees are re4)onsible for assessing the Charitws abillty to continue as a golng
concern, dlscloslng, ès applicable, matters related to going concern and Using the going concern basis of accountin8 unless
the trustees either intend to liqtsidate the Charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance wSth the Act and
relevant regulailons made or havlng effect thereunder. Our objectives are to obtain reasonable assurance about whether
the financlal statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an
auditor's report that includes our oplnion. Reasonable assurance is a high level of assurance, but Is not a guarantee that
an audlt conducted in actordance with ISAS IUKI will always detect a materlal mlsstatement when it exists. Misstatements
can arise from fraud or error and are consldered material if, individually or in the a88regate, they could reasonably be
expected to influence the economic decisions ol users taken on the basis of these financial 5tatemenls.
Irregularities, includlng fraud, are Instances of non-compllance with laws and re8ulatlons. We design procedures In line
wilh our responslbilitie5, Outlined above, to detect material mlsstatements In respect of irregularities, including fraud. The
extent to whlch our procedures are capable of detecting irregularities. Including fraud15 detailed below..
The engagement partner ensured that the engagement team colleetlvely had the appropriate competence, capabilities
skllls to Identlfy or recognlse non-compllance with applicable laws and regulations.
We Identlfied the law5 and regulations applicable to the Charlty through dlscusslons with the trustees and other
management and we assessed the extent of compliance with the laws and regulations identlfled above through making
enqulries of management and inspecting le831 correspondence.
We assessed the susceptiblllty of the Charil¢s financial statements to material misstatements, Including obtalnlng an
understanding of how fraud might occur, by maklng enqulrles of management as to where they considered there was
susceptlbillty to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal contro15 in place
to mltlgate rlsks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we performed analytical procedures to
Identlfy any unusual or unexpected relationships, tested journal entrles to identify unusual transactSons and investigated
the rationale behind Significant or unusual transactlons.
In response to the rlsk of Irregularities and norn-complian￿ with laws and re8ulations, we designed procedures whlch
included, but were not limlted to:
agreeing financial statements dlsclosures to underlying supporting documentation,.
reading the mlnutes of meetings of those charged with governance; and
enquirin8 of management as to actual and potential litigation and daims.
There are Inheront limitations in our audit procedures described above. The more removed laws and regulations are from
financial transactions, the less Ilkely It is that we would become aware of non-compliance. Auditing standards also limlt
the audlt procedures require to identify non-compliance with laws and regulations to enquiry of the trustees and other
management and InspectSon of regulatory and legal correspondence, if any.
Material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve
deliberate concealment or collusion.
Page 8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ROMSEY PAROCHIAL CHURCH COUNCIL
(continued)
Audltor's responslbilities for the audlt of the flnanclal statements (continued)
A further descriptlon of our responsibilitie5 for the audit of the financi31 statements is located on the Financial Reportlng
Council's website at.. www.frc.or
auditorsres
onsibilities. This desciiption fomis part of our auditor's report.
Knl8ht Goodhead Limited is eligible for appointment as auditor of the charity by virtue of its ellgibility for appolntment as
auditor of a company under seclion 1212 of the Companies Act 2006.
Use of our report
Thls report Is made solely to the Charitrfs trustees, as a body, in accordance with Section 144 of the Charitie5 Act 2011 and
the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the
Charity's trustee5 those matters we are required to state to them in an auditorfs repoTt and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responslbllity to anyone other than the Charity's trustees as
a bodyi for our audit work, for thls report, or for the opinions we have formed.
C J Goodhead FCA
Senlor Statutory Audltor
Knlght Goodhoad Llmlted
Chartered Accountants and Statutory Auditors
7 Bournemouth Road, Chandler's Ford, Eastlei8h,
Hampshlre, S053 3DA
Dated: t
Page 9

Romsey Paro¢hlal Church Coun¢ll
Statement of Flnanclal Actlvltles for the year ended 31 December 2024
Noles
2024
Unfestricted
Funds
2024
Restrlcted
Funds
2024
Endowment
Fvnds
2024
Total
Funds
2023
Total
Funds
Income and endowmÈnts Irom
Donations and legacies
Activities for generating Itjnds
Income from church activities
Investment Income
2a
2b
Zc
2d
289,046
52.655
53,740
93,900
49,047
11,483
22.051
15.408
338,093
64,138
75,791
109,308
339,122
62.903
71,379
103.264
489,341
97,989
587,330
576,668
Expendlture on
Church activities
Fundralslng costs
3a
3b
467.434
329
87.129
9.603
554,563
9.932
518,570
8.734
467.763
96.732
564,495
527.304
Nel Income belore Inveslment salns
21,578
l.Z57
22,835
49.364
Galns and losses on Inveslmènts
940
21.668
67,213
89,821
298,459
Net Income belore trènsfers
22.518
22.925
67.213
112,656
347,823
Transler between funds
1,500
11,5cKII
Net movement In funds
24,018
21,425
67,213
112,656
347.823
Funds brought forward at l January 2024
424,801
728,414
2.936,538
4,089,753
3,741,930
Fund5 carrled lorward al 31 December 2024
448.819
749,839
3,003,751
4,202,409
4,089,753
The notes on paBe5 13 to 25 form part of these financial statements
Page 10

Romsey Parochial Church Council
Balance sheet as at 31 December 2024
Notes
2024
2024
2023
2023
Flxed assets
Investments
3,594,174
3,495,455
Current assets
Stock
Debtors
Cash at bank and In hand
10.755
38,992
604.275
10.691
114,953
521,223
654.022
646.867
Credltors.. amounts lalllnB due
wlthln one year
45.787
52.569
Net current 85sets
608.235
594.298
Net assets
4.202,409
4,089.753
Funds
Unrestrlcted lunds
General fund
Designated funds
117.478
331,341
115,478
309,323
448,819
424,801
Endowment funds
Reslrlcted fund5
3,003.751
749.839
2,936,538
728,414
Total fund5
4.202.409
4,089,'153
Approved by the Parochial Church Council on 9 April 2025 and signed on its behalf by..
IL.QL
The Reverend Canon T G Wharton
Vicar
Mrs J Bartleti
Churchwarden
The notes on pages 13 to 25 form part of these financial statements
Page 11

Romsey Paro¢hlal Church Council
Cash Flow Statement for the year ended 31 December 2024
2024
ZOZ4
2023
2023
Net tash Irom operatlng aitlvltles
Ibelowl
{16,9931
(66,418
Cash flows from Investing adlvitle5
Dlvidends and Interest from inveslments and deposlts
Purchase of flxed asset Investment5
108,943
18.8981
103,264
18.252)
Net cash provlded by Investlng actlvltles
100,045
95.012
Change In cash and cash equlvalents In the year
83.052
28,594
Cash and cash equlvalents at l January 2024
521,223
492,629
Cash and cash equlvalents at 31 December 2024
604,275
521,223
The charity had no debi at either the beglnnlng orthe end of the year.
Reconclllatlon ol net Income before Investment gains
to net cash provlded by operatln8 actlvitles
Net Income bèfore Investment galns
22,835
49,364
Adjustments for:
Dlvidends and interest from Investments
Decrea5e/{Increasel In debtors
Ilncreasel/decre3se In slocks
Increaselldecreasel In Cfedllors
1109,3081
76,326
1641
16,7821
1103,264)
11,488}
802
111,8321
Net cash used by operatlng acilvltles
{16,9931
166,4181
Analysls of cash and cash equlvalents
Cash at bank and In hand
604,275
521,223
Page 12

Romsey Parochlal Church Councll
Note5 to the Flnanclal Statements for the yearended 31 December 2024
l. Actountlng pollcies
The financial Statements have been prepared under the Church Accounting Regulations 2006 in accordance with
applicable accountin8 Standards and the current Statement of Recommended Practice. Accounting and Reportin8 by
Charlties. and Accountlng Standard FRS 102.
The financial statements have been prepared under the historlcal cost convention except for the revaluation of fixed
asset investments.
The financlal statements include all transactlons. assets and liabilities for which the PCC is responsible in law.
They do not Include the accounts of church groups that owe their main affiliation to another body or those that are
informal galherlngs of Chufch members.
The PCC is a corporate body and a charity registered with the Charity Commlsslon In England and Wales.
The PCC'5 Re81Stered Office is The Parish Office, The Vicarage, Church Lane, Romsey, S0518EP.
The PCC is a publlc beneflt entlty as dellned by FRS 102.
Funds
Unrestricted funds represent the funds of the PCC that are not subject to any restrictlons regarding thelr use and are
avallable for applicatlon to the general purposes of the PCC. Funds deslgnated for a partlcular purpose by the PCC
are also unrestricted. Restricted funds represent the funds of the PCC that can only be spent on the speclflc purpose
for which they were given. Any balance remaining unspent on a reslricted fund at the end of a year must be carrled
forward as a balance on ihat fund. Endowment (unds are restricted funds that must be retained as trust capilal.
Full detalls of all funds are shown note 8.
Income
Collections are recognlsed when the funds are received by or on behalf of the PCC. Funds received as planned 8lving
are recognised when received. Income tax recoverable on covenants or gift aid donations Is recognised when the Income
to which it relates is recognised. Grants and legacies are accounted for as soon as the PCC has been Informed of its
legal entitlement and the amount to be recelved can be measured reliably and receipt is deemed probable.
All intomin8 resources are accounted for 8r05S.
Rental Income from the lettin8 of church premises is iecognised when the rental is due.
Investment Income Is accounted for when receivable.
Resources expended
Grants and donations are accounted for when paid or when awarded if the awarding creates a binding obligation on
the PCC.
Payments for the Diocesan Common Mission Fund (previously called "share" and "quota") are accounted for when payable.
Other expenditure is recosnised when it 15 incurred and is accounted for Eross.
Volunteer Help
No attempt is made to quantify the value of volur)tary help, but the signiflcant contribution of volunteers Is described
in the Trustees, Annual Report.
Page 13

Romsey Parochial Church Council
Notes to the Flnanclal Statements for the year ended 31 December 2024
l. AccountlnE pollcles Icontlnuedl
Pension costs
The PCC tontrlbute5 to a defined contribution pension scheme. Contribution5 payable to the pension scheme are charged
to the Statement of Financial Activities In the period to which they relate.
Fixed assets
Consecrated and beneficed property is not included in the financial statements in accordance with the Charities Act 2011.
No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC whlch requlre
faculty for dlsposal since the PCC considers this to be inalienable property.
All expenditure incurred during the year on consecrated or beneficed property whether as malntenance or improvement is
included within resources expended in the Statement of Financial Activities.
Equipment used withln the church premises or parish office is only capitalised il the cost exceeds £2,000.
Investments
Investments are valued at market value at 31 December. Reallsed gains and losses are recognised when Investments are
sold.
Unrealised gains and losses are accounted for on the revaluation of Investments annually at 31 December.
Current assets
Amounts owed to the PCC at 31 December in respect of fees and other income are Included in the financial statements
as debtors less provision for amounts that in the opinion of the PCC may prove uncollectable.
Cash at bank and In hand Includes cash held on deposil at è bank.
Stock is stated at the lower of cost and net reallsable value.
Golng Concern
The Trustees have considered future expected cash flows and consider that the PCC15 able to meet its fin3nical obligatlons
for the foreseeable future, that is, at least one year, from the approval of the financial statements. The Trustees
therefore consider It appropriate to prepare the financial statements on the going concern basis.
Page 14

Romsey Parochial Church Council
Note5 to the Flnanclal Statements for the year ended 31 December 2024
2. Income and endowments
2024
Unrestrirted
Funds
2024
Restrlcted
Funds
2024
2024
Total
Fund5
2023
Total
Fund5
Endowment
Funds
a) Donations and legocles
Planried givln%
Income tax re£over3ble
Collections at servltes
Other Erants and donations
Fabrlc fund grants and donallons
Legacles
153,623
47,139
36.702
35,582
153,623
47,640
37,925
80,045
2,860
16,000
162,679
44.645
35.143
91,947
4.708
501
1,223
44,463
2.860
16,000
289,046
49,047
338.093
339.122
bl Adlvllles for generatlng funds
Chrlstmas falr
Soclal Committee & Christmas cards
Video leaffl
Gllistall sales
Music In Romsey fees
Church rooms income
Other fundralslng actlvltles
8,286
8,286
860
7,265
10,832
24,330
10,292
2,273
7,853
3,142
6,860
11,809
14,911
11,204
7,124
7.265
10.832
24.330
10.292
1,622
651
52,655
11,483
64,138
62,903
tl Income from Church a¢tivltles
Candles
Fee5 for Carol Servlces
Parlsh Magailne Income
Bookstall sales
Other thurch actlvlties
Fees for Churcl) Seivlce5
3.299
10.655
3,299
10,655
7,803
6,957
14,701
32,376
3,211
7,778
6,835
5,724
15,269
32,562
7.803
6,957
7.291
7,410
32,376
53.740
22.051
75,791
71,379
dl Investment Income
Interest receivable
Dividends and dlslrlbullons
45
93,855
247
15,161
292
109,016
7,794
95,470
93,900
15,408
109,308
103,264
Total Incomlng resources
489,341
97,989
587.330
576,668
PaEe 15

Romsey Parofhlal Church Council
Notes to the Financial Statements for the year ended 31 December 2024
3. Resources expended
2024
Unrestrlcled
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
Funds
2023
Total
Funds
al Church actlvltles
Mlsslonary and charitable giving
Payments to Dlocese
Vlcar's expenses
Other clergy expenses
Olflce costs
Abbey heating
Abbey lightln8
Abbey Insurance
st Swllhun's expenses
Repalrs and security
Organ tunlnE and malntenance
Cleanlng, waler and churchyaid
Church servlce costs
Bookstall pur¢hases
Educallon and tialnln8
Abbey School Insurance
church room5 expenditure
Salarles
Fabric and Capital expenditure
Cholr and mu55c
Parlsh Magazlne costs
other expendlture
19.472
153.895
2.569
22,041
153,895
20,792
164.218
16
1,137
11.327
25.406
20,404
16,934
4,228
17.881
1,910
2,647
11.684
2.821
600
4,694
13,927
116,838
20.909
27.891
6.687
14.520
1,587
12.075
19.436
18.287
16,523
4,053
21.783
1.870
5.785
5,246
1,587
12,075
19,436
18,287
16,523
4,883
21,783
18,970
5,785
11,361
4,245
1,917
4,813
13,480
139,631
13,156
27,657
7,916
17.995
830
17.IlY)
6,115
4.245
1,917
3,096
13.480
126.507
599
6.701
1,717
13.124
12.557
20.956
7.916
17,995
450.307
87,129
537,436
507,471
Governonce costs
Legi41 and profe55ional fees
Accountancy
Audit fees
6.912
5,651
4,564
6,912
5,651
4,564
1.399
4,059
5,641
Tolol Governonce costs
17,127
17.127
11,099
Total for Church Activitles
467.434
87.129
554.563
518,570
bl Fundralsln¥ c0515
Chrlstmas falr
So£lal ¢ommittee events
other fundraSslng cosls
Glft stall purchases
188
74
3,171
5.301
329
3,054
6.549
3,383
6,549
329
9,603
9,932
8.734
Total resources expended
467.763
96.732
564.495
527.304
All Support costs are consideied to relate to chariiable church activities.
Page 16

Romsey Parochial Church Council
Notes to the Flnanclal Statements for the year ended 31 December 2024
4. Staff costs
2024
2023
Wa8es and salailes
Eft)ployers' Nalional Insurance
Penslon costs
131.406
2,787
5.438
110.290
2,355
4.193
139,631
116,838
Nlne12023.' elghtl people were employed In the year. none ol whom earned more than E60.000 in either the current or tomparatlve
years. Martln Seymour, a Trustee, received remuneration In ihe year amounting to £26.30512023.. £27,315) as a salary for belng
Dlrector of Music and not for belng a Trustee. Christopher Haipham. a TIu5tee from 26 May 2024, recelved remuneratlon between
26 May 2024 and December 2024 amDunting to £18.829 as a salary for being Head Veiger and not In respect of hls belri8 3 Trustee.
In both cases the remuneiatlon Include5 employer pension contributions. Both of these Individuals were employed In these posts
before belng eleiled as Trustees. Expenses were pald to two Trustees amounilng to £1,587 {2023: one Trustee amounllng to £1,137).
Tru5tees' expenses are in respect of travel. telephone and tfaining.
In the view of the Trustees there Is no ren)uneTated key managemenl personnel. David Auger, a Trustee, was pald £63612023.. £5521
for tleanlng the Parlsh Office. Penslon conlrlbullons amounting to £75212023.. £1.0721 were outstandlng at the year end.
5. Flxed asset Investments
2024
Unreslrlcted
General
Fund
2024
Unrestrlcted
DesSgnated
Fund
2024
Re5trlcted
Funds
2024
Endowment
Funds
2024
Total
Investment5
Market value at l January 2024
Addllions
Revaluatlon Ealns
9,250
252
237
27,922
521.745
8,646
21.668
2,936,538
3.495,455
8,898
89,821
703
67.213
Market value at 31 December 2024
9.739
28.625
552,059
3,003,751
3,594,174
Investments comprlse:
2024
UnSts
2023
Un115
2024
2023
Generolfund
Strangers Glft Fund- C6F Investment
Talbot Bequest- CBF Investment
Corban Malntenat)ce Fund- CBF Fixed
Abbey Improvement Fund- C8F Fixed
162.34
104.01
1,569.14
831.48
158.02
101.24
1.529.94
810.71
3,754
2,405
2,340
1,240
9.739
3,572
2,289
2,215
1,174
9,250
Copltol Fund IDesl9nated)
CBF Fixed
CBF Investment
6,012.87
850.17
6,012.87
850.17
8,966
19,658
28,625
8,704
19,218
27,922
TOTAL Unre51ricted
Fobric Fund (ftestricted?
Wheeler Bequest- CBF Investment
Wheeler Bequest- CBF Fixed
CBF Investment
Corban Fabric Fund- CBF Investment
Fabric Trust- CBF Investment
CBF Fixed
Foster Lake Footner Charlty- CBF Investment
Foster Lake Footner Charlty- Reeoupment
Foster Lake Footner Charity- CBF Oep051t
Barclays Bank PLC Ordinary shares
38,364
37,172
5.756.68
21.682.07
1.854.00
3.097.00
1.122.54
4.227.96
1.268.00
4.732.18
5.603.51
21.682.07
1,854.00
3.097.
1.092.67
4.227.96
1.268.00
4.606.27
133,110
32,332
42,869
71.611
25,956
6.305
29,320
109,421
14,224
23.624
126,669
31,385
41.910
70.009
24.700
6.120
28.664
104,126
12,744
13.548
8.810.00
8,810.OQ
Carried forwards
488,773
459.874
Page 17

Romsey Parochial Church Councll
Notes to the Financial Statements for the year ended 31 December 2024
5. Fixed asset Investments Icohtlnuedl
2024
Units
Z023
Unlts
2024
2023
Inve51ments comprlse:
Brought forwards
488.773
459.874
Corbon Mointenance Fund fRestricted)
CBF Investment
2.737.00
2.737.00
63.287
61,871
TOTAL restrlcteLI
552.OS9
521,745
Robln alshop Endowment
CBF Inveslment
129.904.79
129,904.79
3.003,751
2,936,538
TOTAL Inveslmenls
3,594,174
3,495,455
The Foster Lake Footner charlly Snveslments all relate to Sl Swlthun's Churth Repair Fund. The iecoupment
account arlses from a loan made to the Parlsh In 1976 on Tepèymenl terms slatin8 that unlll 2006 £131.40 had to
be relnvested in the recoupment account together With all dividends and Interest re¢eived into the account.
Dlvidends and Interest were pald into the recoupment account untll the nuniber of unlts In the
atcount exceeded 3,804 and thls pracllce has contlnLted 51nce ther).
"CBF Investment refers to the CBF Church of England Investment Fund Income Share5.
'CBF Flxed" refers to the CBF Church of England Flxed Interest Securities Fund Income Shares.
Both of these Investments are admlnlstered by CCLA Investment Management Llmlted on behalf of the
Cenlral Board of Flnance of the Church of En8land.
The Barclays Bank PLC ordlnary shares are Ilsled on the London Stock exchange.
6. Debtors
2024
2023
Trade debtors
Glft ald
Other debtors
6.458
5,036
27,498
5.351
2,638
106,964
38.992
114,953
All amounts fall due within one year.
7. Credltors
2024
2023
Tiade ¢reditors
Payments due to Wlnchester Dlocesan Board of Flnance
Other credltors
Special collections payable
4.216
3,815
38,237
3,334
45,774
2,980
45,787
52,569
The total amount received in the year for Special Collections was £4.786 {2023.' £5,091).
Page 18

Romsey Parochlal Church Councll
Notes to the Financial Statements for the year ended 31 December 2024
8. Furtds
Statement
of Financial
Actlvitles
Income
Statement
of Financial
Actlvilies
ExpendSture
Galn5 and
losses and
transfers
l January
2024
31 December
2024
Unrestrlctedlund5
General fund
Bulldlng fund Idesignatedl
C6pital reserve fund Ideslgnatedl
115,478
49,136
260.187
461.619
1461.3561
15,8081
15991
1.737
117,478
43,328
288.013
27,722
703
424.801
489.341
1467,7631
2.440
448,819
Restrlcted Jund5
Fabrlc fund
Organ fund
The Eyles Scholarshlp fund
Bookstall fund
Glftstall fund
Chlltlien and Famllles worker f¢Jnd
FORAM Funds
FORAM 100 Club fund
Hardshlp fund
St Swithun'5 Fund
Sl Swiihun's Commlttee Fund
Abbey Vlne Fund
Parlsh Lunch Fund
Pailsh Magazlne Fund
Flower Fund
Servers. Albs Fund
Corban malntenance fund
485.142
15.298
1,732
38,814
32,692
28,220
30.563
3.140
10,938
2.969
2,876
3,209
2,053
8.874
22
16.304
1.484
45
6,957
10,832
8,429
32.745
502
(12.5571
117.1001
20.252
318
509.141
1.777
41,526
36,975
23.525
42,034
3,642
8.369
2,189
2,475
4,062
2,574
7,761
14.2451
16,5491
113,1241
120,9561
13181
12.5691
17801
1501
13701
13.0541
17,9161
13.7381
{2,0071
{1,7171
149
1.223
3.575
7.803
3.716
2.508
1,717
15001
(1.0001
501
63,288
61,872
1.416
728.414
97,989
196,7321
20,168
749,839
Endowmentlund
Robln Bishop Le8acy
2.936,538
67,213
3,003,751
Tolal funds
4.089,753
587,330
1564,4951
89,821
4,202,409
Detolls oAlunds
The Capital Reserve Fund represenls ainounls desl8naled by ihe PCC for future capllal projects.
The Bulldlng Fund represents a sum designated foi initlal costs in connection with a p055ible buildln8 pioject for whlch local
consultation began during 2021.
The Fabrlc Fund represents funds that can only be spent on elther the malntenance and preservation of the fabrlc of Rom5ey Abbev
or St Swlthun's Church, Crampmoor.
The Organ Fund represented lunds for Ihe future cleanlng and overhaul of the organ.
The Eyles Young Musician Scholarship Fund repre5ent5 an amount received to be used to provide a muslc scholar5hlp for a young
person at Rom5ey Abbey.
The Book51all and Giftstall Funds represenls lund5 Benerated by the Bookstall and Giftstall. respectively. to be used for expendlture
as a@reed by ihe Vicar dnd Bookstall Manager (foi the Bookstall Fund) and the Vicar and the volunteeis who run the Giltstoll
Ifor the Giftstall Fund).
The Children and Familie5 worker fund represents funds raSsed to support the employment of a Chlldren and Famllles worker and .
from 2024. funds donated to support the employment of a Youth Worker.
FORAM Funds represent amounts iaised by Friends of Rom5ey Abbey Music to 5UPPOrt the Abbey Cholrs.
FORAM 100 Club Funds are restricted to expenditure to support the cholrs of Ronisey Abbey.
The Hardshlp Fund represents monles recel¥ed as a dlscrelionary fund to support imrnediate hardship needs of young
famllies within the parish of Rom5ey.
St Swiihun's fund represenls fund to be spent for the benefit of St Swathun's Church, Crampmoor.
St Swithun's Comnilttee fund represents ftEnds raised by the con8re8ation ol St Swithun's Church. Crampmoor for Such projects as
the 5t Swithun's Committee shall decide.
The Abbey Vine Fund represents funds receNed to cover the costs of the Abbey Wine seThice.
Information obout the remoiningAund5 is given on the nextpoge.
Page 19

Romsey Parochlal Church Councll
Notes to the Flnanclal Statements for the year ended 31 December 2024
8. Funds l¢ontinued)
Fixed
Assets
Current
Assets
Current
Llabllitie5
Net
Assets
Analysis of ossets byfund
Unrestrictedfunds
Gene¥al fund
Bulldlng fund {deslEnatedl
Capital ie5erve fvnd Ideslgnaled)
9.739
150.192
43,328
259.388
142.4531
117,478
43.328
288,013
28.625
38.364
452.908
{42,4531
448.819
Restrlcfedfvnds
Fabrlc fund
Organ fund
The Eyles Scholarshlp fund
Bookstall fund
Glftslall fund
Chlldren and famllles minister fund
Hardshlp fund
FORAM Funds
FORAM IOOClub Funds
St Swithun's Fuhds
St Swlthun's Commlttee Fund
Abbey VSne Fund
Parish Lunch Fund
Parlsh Magailne Fund
Flower Fund
other reslrlcted funds
Servers, Albs Fund
Corban malntenance lund
488.772
20,369
509.141
1.777
41.526
36,975
23,525
8.369
42.034
3,642
2,189
2,47S
4,062
2.574
7,761
1,777
41,526
36,975
23.S25
8,369
42.034
3.642
2,189
2,475
4.062
2,574
7,761
3.334
501
13.3341
501
63,288
63,287
552.059
201,113
13,3341
749,839
Endowment Jund
Robln Blshop Legacy
3,003.751
3,003,751
Total funds
3.594.174
654,022
145,7871
4,202,409
Detalls oflunds (contirtuedfrom prevlou5 pagej
The Parlsh Lunch Fund represents amounts ralsed by monthly Parish Lunches lor use as delerrnlned by Ihe team Involved.
The Parlsh Magazlne Fund represents amounts generated by the Parlsh Maeailne for use a5 determlned by that team.
The Flower Fund represents amounts recelved to offset the tost of Providing Flowers for Romsey Abbey.
Other restrlcted funds comprise one off amounts recelved and expended In the year for various purposes
The Servers, Alb5 Fund represents funds donated to be spent on the puichase of Albs for the Servers.
The Corban Malntenance Fund represents fund5 to be spent on the Maintenance of Romsey Abbey Pflmary School.
Ihe Robln Bishop Endowment comprises funds left to the PCC by the late Robln Blshop. on the conditlon that they weTe invested
In the CCIA Church of En8land C8F Inve51menl Fund with the Income 8eneraled from the investment being avallable for the general
charitable purposes of the PCC.
9. Related PartyTran5actlons
The followlng entitles are regarded as Related Parties wilh whom there have been ITan5aCtion5 recorded: RomseyAbbey Appeal
Fund la Reglstered Charilyl,. Music in Romsey {a Registered Charbtyl: Frlends of Romsey Abbey la Registered Charity); and Romsey
Abbey Piimary School la Voluntary Alded Church School). Each entlty Is a related party because one or more of the Trustees of
Romsey PCC Is also a Trustee lor Governor) of the other entily. During the year the charity accounled for Incon)e from-
Romsey Abbey Appeal Fund amounting to £nil12023'. £nill for fabric works- Muslc In Romsey amounting to £24.33012023.' £14.911}
for fees for using Rom5ey Abbey for concerts- and Frlends of Romsey Abbey amounting to £12,89112023'. £17,388) for variou5 project5
and actlvltles. Durlng the year the charlty made 3 payment amounting to £4.81312023: £4,6941 on behalf of Rom5ey Abbey Primary
School for bulldlngs insurance. At the end of the year, the charltywas owed £nll12023-. £67.3861 by Music in Romsey lon whose
behalf the PCC made a number of payments in 20231 and nothin8 by any of the oiher Related Parties.
Page 20

Romsey Parochlal Church Council
Notes to the Financial Statements for the year ended 31 December 2024
10. Comparatlve Information
statement of Fln¢inclolActlvltles ittformationfor the yearended31 December2023
2023
ilniestrlcted
Fvnds
Z023
Restricted
Funds
2023
Endowmenl
Funds
2023
Total
Funds
Incomè and endowments from
Dor7ations and legacies
Activllles for geneiating funds
Income from thurch è¢livltle5
Inveslmenl Income
290,697
46,829
$1,091
88,262
48.425
16,074
20.288
15.002
339,122
62,903
71,379
103,264
476.879
99.789
576,668
Expendltuye on
Church acllvitles
Fundraisln¥ cost5
473.719
44,851
8.051
518,570
8,734
474,402
52.902
527,304
Net Income before Investment 8alns and lossès
2.477
46.887
49.364
Galns and10sses on Investments
2,778
41,145
254,536
298,459
Net Income before tfan5fers
5,255
88,032
254,536
347,823
Transfer between funds
2,123
12,1231
Net movement In funds
7.378
8S,909
254,536
347.823
Fund5 brou8hi forward at l January 2023
417,423
642.505
2.682,002
3,741,930
Funds carrled forward at 31 December 2023
424,801
728,414
2,936,538
4.089,753
Addltlonul cornpjrutlve Informatlonlornote 2
2023
Unrestrl¢led
Funds
2023
Re5trlcled
Funds
2023
Endowrnent
Funds
2023
Total
Funds
al Donatlons and le8acles
Planned glvin8
Income tax recoverable
Collectlons at sewvices
Other grant5 and donallons
Fabrlc fund erants and donations
Legacles
158,966
44,645
34.308
52,778
3,713
162.679
44,645
35,143
91,947
4,708
835
39.169
4.708
290.697
48,425
339,122
bl Actlvitie5 IOT generating funds
Chrisln)as fair
Soclal Commiltee activities
Video team
Giftstall sales
Muslc In Romsey fees
Church rooms income
Other fundralsing actlvitles
7.853
3.142
6.860
7,853
3,142
6,860
11.809
14,911
11,204
7,124
11.809
14,911
11.204
2,859
4,265
46,829
16.074
62,903
continued.../
Page 21

Romsey Parochial Church Council
Notes to the Flnanclol Statements for the year ended 31 December 2024
10. Comparative Informalion Icontlnuedl
Additlunalcomparative InAormotlonfor note 2 (contlnuedj
2023
Unrestrlded
Funds
2023
RestrlctÈd
Funds
2023
Endowment
Funds
2023
Total
Funds
cl Income from Church actlvities
Candles
Fees for Carol Services
Income from Parish Magazine
Bookstall sales
oiher church actlvitie5
Fees for Church Servlces
3.211
7,778
3,211
7,778
6,835
5,724
15,269
32.562
6,835
5,724
7.729
7,540
32.562
51.091
20,288
71,379
dl Investment Income
Interest recelvable
Dlvldends arid di5trlbution5
7,123
81,139
671
14.331
7,794
95,470
88,262
15.002
103,264
Total Sntomln8 resource5
476.879
99,789
576,668
Addltlonol comparotlve Infvrmotlonfornote 3
al Church octlvltles
Missionary and charStable glvlng
Dloce5an Share
VlcaT'S expenses
other clerly expenses
OlfSce costs
Abbey heallng
Abbey Ilghtln8
Abbey Insurance
Sl Swithun's expenses
Repairs and securStv
Orean tunln8 and malntenance
cleaning, water afid churchyard
Church servlce costs
Bookstall purchases
Educatlon and iralnlng
Abbey School
Church rooms expendllure
Salaries
Fabrlc and Capllal expendlture
Cholr and music
Parlsh Magazlne cosls
Other expendlture
18.774
164.218
IG
1.137
11,327
25.406
20.404
16.934
4.228
17.881
1,910
2,647
5.486
2.018
20,792
164,218
16
1,137
11,327
25,406
20,404
16.934
4,228
17,881
1,910
2.647
11.684
2.821
600
4.694
13,927
116.838
20,909
27,891
6,687
14.520
6.198
2.821
600
3.003
13,927
116.838
17,113
6.251
1,691
3.796
21.640
6.687
14.520
462,620
44,851
507.471
Governonce costs
Legal and professlonal fees
Accountancy
Independent examination fees
1,399
4,059
5,641
1,399
4,059
5,641
Total Governonce costs
11.099
11,099
Total for Church Activities
473.719
44,851
518,570
contffnued.../
Page 22

Romsey Parochial Church Councll
Notes to the Flnanclal Statements for the year ended 31 December 2024
10. Comparatlve Informatlon Itontlnued)
Additional comparatlve inJormotionforJJote 3 (continuedj
Z023
Unrestrlrted
Funds
2023
Restrlcted
Fund5
2023
Ettdowment
Funds
2023
Total
Funds
bl FundraSslnB Costs
Chrlstma5 fair
Soclal commlttee events
Other fundraising costs
Gifi stall purchases
188
74
421
188
74
3,171
5.301
2.750
5,301
683
8.051
8.734
Total resources expended
474,402
52.902
527,304
Compurotlve ITnlormatlonfoi note 5
2023
Unrestrlcted
Generèl
Fund
2023
Unrestrlcted
OÈslgnated
Fund
2023
Restylcted
Funds
2023
Endowment
Fund5
2023
Total
Fund5
Market value at l Jantsary 2023
Additlons
Revaluatlon1055es
8.330
297
623
25.767
472,646
7.955
41.145
2,682,002
3.188.745
8,252
298,459
2.155
254.536
Maiket value at 31 Oecembef 2023
9,250
27,922
521.745
2,936,538
3,495,455
Compurntlve lftJormatlon/ornote 8
Statement
of Flnanclal
Actlvltles
Incorne
statement
of Flnanclal
Actlvltles
Expendlture
Galns and
losses and
transfers
l January
2023
31 December
2023
Unrestilctedfunds
General fund
Energy Fund Ideslgn8tedl
8ulldin8 fund Ide518natedl
Capltèl reserve fund Ide51gnatedl
93,855
20,000
49,136
254.432
476.166
{4S7.2891
2,746
120,0001
115,478
49,136
260.187
713
{17,1131
22,155
417.423
476.879
1474.4021
4,901
424.801
RestrictedJund5
Fabric fund
Organ fund
The Eyles Scholarshlp fund
Bookstall fund
Gifistall fund
Chlldren and Famllles worker funds
FOBAM Funds
FORAM 100 Club fund
Hardshlp fund
St Swithun's Funds
St 5withun's Committee Fund
Abbey Vine Fund
Paflsh Lunch Fund
Parish MH8azine Fund
Flower Fund
Corban malntenance fund
436,431
12.327
1.699
35.911
26.184
22,007
19.342
2.251
12.106
2,344
17.348
2.971
33
5.724
11.809
6,213
32.861
889
850
625
3,376
835
3.333
6,835
4.396
1,691
{3.7961
35.159
485,142
15,298
1,732
38,814
32,692
28,220
30,563
3,140
10,938
2,969
2,876
3,209
2,053
8,874
22
61,872
12,8211
15.3011
121.6401
12,0181
15001
2,615
1,470
9.726
1.583
56.509
12411
{2.7501
16,6871
{5,9571
11.6911
11,0001
5,363
Total restrlcted funds
642.505
99.789
152.902)
39,022
728,414
coniinued.../
Pa8e 23

Rom5ey Parochial Church Council
Notes to the Flnancial Statements for the year ended 31 December 2024
10. Compaiatlve Informatlon Icontlnued)
Addltlonol comporutlve InfoxmutlonAornote 8 (contlnued)
Statement
of Flnanclal
Attivities
Income
Statement
of FSnan¢ial
Activities
Expendlture
Gains and
losse5 and
tfansfers
l January
2023
31 December
2023
Endowmtntfund
Robln Blshop Legacy
2.682.002
254.536
2,936,538
Total funds
3,741.930
576,668
IS27,3041
298,459
4,089,753
Flxed
Assets
Current
Assets
Current
Llabllltles
Net
Assets
Anolysis of OSSEts bylund
UnrestrictedJunds
General fund
8ulldln& fund Ide518natedl
Capltal reseNe fund Idesl8naled}
9.250
155,817
49,136
232,265
149,5891
115.478
49,J36
260,187
27,922
37.172
437,218
149,589)
424,801
Restrlcled funds
Fobricfund
0¥8an fund
The Eyles Scholarship lund
Bookstall fund
Glftstall lund
Chlldren and famllles mlnlsler fund
Hèrd5hlp fund
FORAM Funds
FORAM 100 Club Funds
Sl Swlthun's Funds
St Swlthun's Commlltee Fund
Abbey Vine Fund
Parlsh Lunch Fund
Parlsh Magazlne Fund
Flower Fund
Other restricted funds
Corban malntenance fund
459,874
2S.268
15,298
1,732
38,814
32,692
28.220
10,938
30,563
3.140
2.969
2,876
3.209
2.053
8.874
22
2,980
485,142
15,298
1,732
38.814
32,692
28.220
10,938
30,563
3,140
2,969
2,876
3,209
2.053
8,874
22
12,9801
61.871
61.872
521,745
209.649
(2,9801
728.414
Endowmenlfund
Robln Blshop Legacy
2,936,538
2.936.538
Total funds
3,495,455
646.867
152,5691
4,089.753
Page 24

Romsey Parochial Church Councll
Notes to the Financial Statements lor the year ended 31 December 2024
11. Penslons- Church Workers Pension Fund (CWPF)
Romsey Parochial Church Councll participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is
adminlstered by the Church of England Pensions Board. which holds the CWPF assets separately from those of Romsey
Parochlal Church Council and the other participating employers.
CWPF has two sections:
the Defined Benefits Scheme,,
the Pension 8uilder Scheme, whlch has two subsections".
a deferred annuity section known as Pension Builder Classic; and
a cash balance section known as Pension Builder 2014.
Pen51on Bullderscheme
Both sectlons of the Penslon Builder Scheme are classed as deflned benefit schemes,
Penslon Bullder Clusslc provides 2 penslon. accumulated from contributions paid and converted into a deferred annulty
during employment based on terms Set and reviewed by the Church of England Pensions Board from time to time.
Discretionary increases may also be added. dependin8 upon the investment returns and other factors.
Penslon Bullder 2014 Is a cash balance scheme that provldes a lump sum which members use to provide benefits at
retirement. Penslon contrlbullons are recorded in an account for each member. Oiscretionary bonuses may be added
before retirement, depending upon the investment returns and other factors. The account, plus any bonuses declared, Is
payable. unreduced, from age 65.
There Is no sub-dlvision of assets between employers In each sectlon of the Pension Builder Scheme.
The scheme 15 considered to be a multi-employer scheme as descrlbed In Section 28 of FRS 102. Thls Is because It Is not
posslble to attribute the Penslon Builder Scheme's assets ènd Ilabllities to specific employers and means that contrlbutlons
are accounted for a5 if the scheme were a defined contribution scheme. The pensions costs charged to the Statement of
Financial Activlties in the year are the contributions payable12024: £5,438: 2023.. £4.1931.
A valuation of the Penslon Bullder Scheme Is carried out once every three years. The most recent was carried out as at 31
December 2022.
For the Pension Bullder Classlc sectlon, the valuatlon revealed a surplus of £34.8m on the ongolng assumptions used. At
the m05t recent annual revlew effective l January 2025, the Board chose to grant a discretionary bonus of 6.7% to both
penslons not yet in payment and pensions In payment in respect of setvice prior to April 1997,. and a bonus on penslons In
payment in respect of post April 2006 service so that the pension increase was 2.7% Iwhere usually it would be calculated
based on inflation up to 2.5%1. Thls followed Smprovements in the funding position over 2024. There is no requlrement
for deficlt payments at the current time. The next valuation is due at 31 December 2025.
For the Pension Builder 2014 section, the valuation revealed a surplus of E8,5m on the ongoing assumptlons used. There
Is no requlrement for deficit payments at the current time.
The legal struclure of the scheme Is sueh that If another employer fails Romsey Parochlal Church Councll could become
responsible for paying a share of the failed employerfs pension liabllltles.
Page 25