St Thomas's UFICH COUNCIL OF T ST THOMAS AND ST EDMUND REPORT UNT FOR THE YEAR SALISBURY BER 2024 Annual Report of the Parochial Church Council Independent Examiner's Report Statement of Flnanclal ActAvitles Balance Sheet Ststement of Cash flows Notes to the Financial Statement5
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 Adminlstrative Informatlon St Thomas's Church is 51tuated in St Thomas's Square, Salisbury and the parish is part of the Salisbury Deanery in the Diocese of Salisbury. The address for correspondence Is The Parish Office, St Thomas'5 House, St Thomas'5 Square, Salisbury SP I I BA. PCC members who have served from l January 2024 untll the date thls report was approved are,, Rector; Chalrman The Rey'd Canon Kelvin Inglls Chairman Appointed 17.7.17 AssLyciate Prlest The Rev'd Sellna Deacon Curate The Rev'd Ali Alexander Resigned 7.4.24 Appointed 14.5.23 retired at APCM 19.5.24 Appointed 14,5,23, previously on PCC Appointed as Churchwarden at APCM 19.5.24 Member of PCC and deputy churchwarden since 14.5.23 Church Wardens.. Brenda Whltehead Peter Horwood Dr Michael Hurnphreys Ann Horwood Deputy Churchwarden Peter Heier Retired as member of PCC at APCM 19.5.24 and deputy churchwarden since 14.5.23* prevlously Deanory Synod rep Appolnted to PCC 7.5.17 Deputy Chair of PCC- 2021 previously Deanery S nodre Appolnted 14.5.23 Appointed 14.5.23 Elected 8,5,22 resigned 25.2,23- elected 14,5.23 retired due to ill health June 2024 Appointed 14.5.23 Elected 8.5.22 Deanery Synod Bobble Chettleburgh Ken Edwards Ruth Barlow Peter Hime Sara Whitmarsh Elected Members,. John Broadley Linda Salter Elected 19.5.24 Jill Clark Clare Tawney Rlchard Laughton Pam Rea Elected 14.5.23 Co opted at May 2024 APCM Elected May 2021 retired at APCM 19.5.24 Elected 14.5.23 Wendy Oliver Shirley Ledingham Meryl Browning Treasurer PCC Secretary Parish Manager Elected at APCM 2020 now non-voting Non-voclng The Salisbury Diocesan Board of Finance is custodian trustee of the PCC. Page I
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 The bankers are: The Royal Ban1< of Scotland, Salisbury and the Centrnl Board of Finance of the Church of England, London. The independent examiner Is Mrs N A Halls Df Fletcher & Partners, Chartered Accountants, Salisbury. Day-to-day management of PCC buslness Is the responsibillty ef che Rector (rhe Reverend Kelvln Inglls), Churchwardens {Dr Michael Humphrey5 and Petsr Horwood as members of the PCC and the Parish Manager Mr5 M Browning. Structure, Governance and Management The PCC is a body corpornte established by the Church of England and operates under the Parochial Church Council (Powers) Measure 1956. The PCC is a registered charity number 1133882. The Sallsbury St Thomas and St Edmund Charltles, whlch distribute the donation5 from The John Fri¢ker Charlty and admlnlster the Rlchard Earlsman charltles, are treated as being independent and not part of the PCC accounts. The method of appolntment of PCC members is governèd by and set out in the Church Representaclon Rulos 2020. All ellgible members of the congregation are encouraged co reglster Dn the Church Electoral Roll and Stand for election to the PCC, Training Is provlded from dlocesan resources for new office holders. The work of the PCC is 5UPPOrted by nlne sub-commlttees that report to the PCC and make recommendations as appropriate. The Rector is an exwofficio member of all commltcees. Membershlp of sub-committees, other than the Standing Committee {the only sub-committee required by Church Representatlon Rules) may be dravin from the PCC and others on the Church Electoral Roll. Standing Commlttee provides oyerslght and transacts the day-to-day business of the PCC between its meetings, Subject to any dlrectlons glyen by che PCC. Its membershlp conslsts of the Rector, Vic¢-Chairman, Churchwardens, Deputy Churchwardens, Parlsh Manager, PCC Secretary, Ilcensed clergy and Treasurer. Standing Committee meets fortnightly. Exploring Discipleship Team Chrlstian learnlng amongst adults. Children and Young People Team -coordinate worship for children and young people Churchwarden Team- assists and supports the Church wardens Community Activities- currently Inattlve Fabric Committee - resPOn5ible for the internal and external fabric and fittings of the church and churchyard Flnance Team - monltors budgeting, cash flow and stewardshlp and prepares the Annual Report & Accounts Pastorallmlnistry - facilltates the pastoral work of the parish using LPAS Staffing Team has been established to manage the HR requirements of the Parlsh and includes the Safeguarding Officer in accordance with Diocesan guidelines. Fundralslng and Events - facilitates and supports events 3nd activities The Charities Sub Groupi The Community Sub Group no longer meet but The Communication5 Sub Group Continue Undertaking specific relevant projerts and providing reports and proposals to the PCC s requlred Net Zero Carbon Group - Drlves and promotes change w meet the 2030 commltment to Zero Carbon Requirements - no longer active previously Adult Christian Education Team promotes life-long The potentlal major risks to which the PCC is exposed include financial, security cf assets and fallure to meet statutory and legal requirements. Alm and Purpose The prlmary oblect of the PCC is to co-opernte wlth the Rector In prDmDtin8 In the parish the whole misslon of the Church• pastoral, evangelistlc, social and ecumenical. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31"DECEMBER2024 Objectives and Activities for the public benefit The PCC is commltted to enabllng as many people a5 possible to worshlp at cur church and to become part of our parlsh community at St, Thomas & St Edmund. The PCC malntain5 an overview ofworship throu8hout the parish. Our servlces and worship put faith into practlce through prdyer and scripture, music and sacrament. When planning our actlvitles for che year, we have eonsldered the Charity Commission'5 guldince on publlc beneflt and, in particular, the supplementary guidance on charlties for the advancement of religion, In particular, we try to enable ordlnary people to live out their faith as part of our parlsh communlty through,. Worship and prayer; learnlng about the Gosp¢l', and developlng their kncwledge and trust ID JesU5. Provision of pastoral care for people Ilving in rhe parish. Mlsslonary and outreach work. To facilitato this work it Is important thacwe maintain the fabric of the Church of St. Thomas and St Thomas's House. The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Chartty Commission in exercising thelr powers or duties, Revlew of Achlevements and Performance In the year At the 2025 APCM there were 187 names on the Church Electoral Roll {259 in 2024), ofwhom 128 lived outslde the parish. A normal year at St Thomas's involves a huge amount of activity and many thousinds of visitors entering the church. This year has been no exception and the events, both our own and those from hlrers of our building a3 a venue. have IEken full advantage of the flexibilities now open to us. A thanksgiving service was held at the beginning of the year for the late John Blal<e. His legacy to St Thomas's has enabled yet more improvement and enhancement to the building. There were many and Yarled activlties through the year. Among the 5trilclng concerts was the Festival of Choirs in aid of Callcer Research UK. In March Lumos Llve performed ABBA by candlelight on Easter Eve, the Gloucestershire Police mal¢ voice choir sang and the Fort Bend Honors Orchestra from Texa5 paid a vlsiL A concert by the London Film Music Orchestra in the autumn could be heard well beyond the walls of the church. Nearly all the local ensembles and choirs performed at St Thomas's at some point in the year. A hlgh point of che year was Night of Music 3 in Septembor whlch brcught together many local musician5 for a fine evening of enortainment. Among speaker5 durlng the year was tho Dean, Nick Papadopulos, sharing reflections on his time in East Jerusalem and the West Bank. The RSCM annual meeting brought John Bell to St Thomu'5 for a lecture Interspersed wlth impromptu Sing-alongs. Other events that brought pecple Into the church were two Local Makers Fair5. the vlsitation service for churchwardens from a wide area, and a service in celebrntion of the Street Pastors. Hadrian Cook and Chris Daniell gaye a serles of talks on local history that demonstrated what an extraordinary city this is. dozens turning OUL for instance, to learn about Landscape change In Britford & East Harnham. A happy event in June was a 'Rectory wedding,: the marrlage of Mim Inglis to Ben Cruise, Many members of the congregatlon jolned the young couple to celebrate. The civic role of the church contlnued wich the regular ceremonies for Charter Sunday, Mayor Making (at whlch th¢ Rectcr was appointed Mayor's Chaplain) and Remembrance Sunday. In addStion, D-Day 80 was marked with ceremonie5 at the Guildhall and bellringing, The church hosted a General Electlon hustings event chaired by Elinor Goodman which drew national headlines. St Thomas's continues to demonstrdte that ic seryes people of all ages. The coffee mornlngs on Tuesday and Saturdays contlnue to be very popular. Jill Bu5hnell stepped down as leader of the Tuesday mornlngs after many years and received the grateful thanks of the people of the church and our visitor5. Monthly services are held In Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 throe sheltered accommodatlon complexes. Many local children visit the church with their schools durlng the year, partlcularly during the Chrlstma5 Tree Festival. The actlylty of the church contlnues to be underglrded wlth prayer and spirituality, through groups meeting durlng tho week und¢r the overslght of the Exploring Discipleship Team, A second quiet day wa5 held at Dlnton in September, The Redevelopment Prolect Team, led byjohn Foster, brought around ten years, work to a close during the year. The installation of the font and redevelopment of the south west corner completed the vlslon for a church reordered for comfor¢ capacity. flexibility and beauty. The Bishop of Salisbury visited In July to bless the font. From time to tlme, St Thomas's hosts visits from other churche5 that wish co see and be Insplred by what we have accomplished. The electrification of the west doors has greatly enhanced our accessibility and our cashless giving systems mal<e It easy for vlsltors to mal<e donations, A caretaker, Nell Tonge, was appolnted durlng the year and Is gradually developlng hls role. The latest prlest to undertake their curacy In St Thomas's, Ali Alexander, visited South Sudan early in the year, and then left us with a final farewell on Easter Day. Many of cur people lolned her on her induction as Vicar of Maybush in Southampton, a slgn of the love and respect whlch she earned durlng her time with us. Finally, it 15 good tc report that our congregatlons are growing, that young f2mllies are being drawn to our main service each week and that new lay mlnlstrles are developing. In partlcular Terry Stsnfield was licensed as a lay minister to serve alongside our team of clergy and lay mlnlster5. Financial Review- 2024 The PCC'S total income was £700,853 compared with £280,918 in 2023. Total expendlture atrrounted to £404,861 (2023: £379,133), There was therefore a net overall surplus of £295.992, before changes in the value of Investments, This can be analysed as a deficlt of £343 In the Restricted Funds and a surplus of £296.335 In Unrestricted Funds. The Yalue of unrestricted fund Investments Increased by £514 during the year. Over the year, therefore, the PCC'S resources increased by a total of £296,506 The total funds at the year-end amounted to £1,022,595. £41,461 of assets were held for restricted purposes, leaving £981.134 for genernl purposes, of whlch £261.263 is represented by St Thomas's House and £138,230 by other fixed asset5, and therefore the free reserves of the PCC are £581,641 (2023 £258,189). The total income of the Gulld of St Thomas and St Edmund, a subsidiary of the PCC, for the year to 31 December 2024 wa5 £15,094. The expenditure, including grants rnade to the PCC, amounted to £70,077. The deficit for the year was therefore £54,983. The tota] net assets of the subsidiary at 31 December 2024 were £17,988, The total gr055 income of the charity and its subsidiary wa5 below the statutory threshold for preparlng consolidated accounts, no consolldited accounts were therefore prepared. The grants received from the subsidiary were included in PCC'S Income for the year. Resèrves Policy Ic is the PCC policy to mainrain a balance of funds sufficient to ensure Its abllicy to maintain expenditure at the current levels for a minlmum of six mcnths and use the balance of any funds held to finance repairs and improvements to the church, it5 propertle5 and Other assets in a way that wlll enhance the work of the church. Volunteers We would like to thank all the volunteers who work so hard to mal<e cur church the Ilvely and vibrant community it Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 Statement of PCC responslbilities Charlty law requlres the members ofthe PCC ff rustees) to prepare financial statements for each financlal year, which give a true and fair view of the state of affalrs of the PCC and of the surplus or deficit of the PCC for that perlod. In preparing these accounts, the Trustees are required to: Select sultable accounting policie5 and then apply them consistently. Make judgments and estimates that are reasonable and prudent. Follow appllcable accountlng standards, sublett to any material deparrures disclosed and explalned in the accounts Prepare the account5 on the golng concern basis unless It is inappropriate to presume that the PCC will ¢ontAnue to operate The Trustees are responsible for l<eeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the accounts comply with the provislons of the Charities Act 201 l and the Church Accountlng Regulations 2006. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud 2nd other irregularities. Slgned on behalf of the PCC., Kelvin Inglls Rector and Chaimian ofthe PCC Stgned on behalf of the PCC: Wendy Oliver Treasurer Approved by the PCC on T May 2025 Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND ANNUAL REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF SALISBURY ST THOMAS AND ST EDMUND I report to the truste95 on my examlnatlon of the financial statements ofthe Salisbury St Thomas and St Edmund PCC {the charlty) for the year ended 31 December 2024, whlch are set out on pages 7 to 19. Responsibilities and basls of report As trustees of the charity, and members of the PCC, you are responsible for the preparatlon of the financlal statements in accordance wlth the requlrements of che Charlties Act 2011 {"the Acr"). I reporc In respect of my examlnatlon of the charitls flnancial statements carrled out under se¢tlon 145 of tho 2011 Act, and In carrylng out my oxamination I have followed all the applicable Directions given by the Charity Commlssloners under sertlon 145(5)(b) of the 201 l Act. Indep6ndent examlner's $tatement The PCC'S gross income exceeded £250,000 and I conflrm that l am qualified to undertake the examlnatlon by belng a member of the Instltute of Chartered Accountants In England and Wales. I have completed my examination. I confirm that no materlal MatrS have come to my attention in connection wlth the examination giving me cause to believe that in any materlal respect., (1) accounting records were not kept in respect of the charity as requlred by section 130 of the 201 l Act,. or (2) the flnanclal statements do not accord with those records., or (3) the financial statements do not comply with the applicable requirements ¢oncerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts Ove a "true and falr vlew" which 15 not a matter considered as part of an independent examination. I have no concerns and haye come across no other matters in connection with the examination to which attentlon Should be drawn In thls report in order to enable a proper understanding of the financial statements to be reached. Signed.. Nicola A Halls FCA Name: Nlcola A Halls FCA Fletcher & Partner5 Crown Chambers Bridge Street Salisbury SPI 2LZ Date: 9" May 2025 Page 6
THE PAROCHIAL C OF ISBURY ST THOM STA FOR THE ENT OF FINANC AR ENDED 31 Unre5trirtgd Fund5 Restrlctsd Funds Total 2024 Total 2023 INCOME Voluntary Income Church actsvitles Actlvlties for generating funds Income from Investments Other Inctsme Note 3 510,147 8,544 S8,124 10,383 600 110,738 620.885 8.544 60,420 10.404 600 224.341 5,947 43,431 6,499 700 Nute 4 Nots5 2,296 21 Note 6 Note 7 Total Incomo 587,798 113,055 700,853 280,918 EXPENDITURE Church act5vltles Ra15ing funds Other expendkure Note 8 279,640 1,823 112.281 391,921 12,940 365,885 13,248 Note 8 Total expendlture 291,463 113,398 404,861 379,133 Net galn51(1055es) on Investments Note 17 514 514 1,948 NET INCOMEI(EXPENDITURE) 296,849 13431 296.506 (96,267) Transfers between funds Nole 20,21 16,427 (16,427) NET MOVEMENT IN FUNDS 313,276 {16,770) 296,506 196,264 RECONCILIATION IN FUNDS: Total funds brought fornard NDte 20,21 667,858 58,231 726.089 822,356 Total fut)ds ¢arried foard Note 20.21 981,134 41,461 1,022.595 726,089 The notes on pages l O to 19 form part of these accounts Page 7
THE PAROCHIAL CHURCH UNCIL OF THE P ALISBURY ST THOMAS AN T EDMUND ANCE SHEET DECEMBER 202 2024 2Q23 FIXED ASSETS Tangible asset5 Investments Note 16 399,493 22,984 409.669 22,47Q Notell 422,477 432.139 CURRENT ASSETS Stock Debtors Short term deposlts Cash at bank and in hand 1,026 23,068 131.983 475,302 288 Note 18 35.196 126,337 146,106 631,379 307,927 LIABILITIES Creditors: Amounts falling due withln one year No£e 19 31.261 13,977 NET CURRENT ASSETS 600,118 293,950 TOTAL NET ASSETS 1.022,595 726,089 THE FUNDS OF THE PARISH: Restrlcted funds Note 20 41,461 58,231 Unrestrlcted fvnds Deslgnated funds General fund Note 21 120,000 861,134 80,000 587,858 Note21 981.134 667,858 1,022.595 726,089 Signed on behalf of the PCC,. Rev Kelvin Ingli5 Fiector and Chalrman of the PCC Signed on behalf of the PCC.. Wendy Ollver Treasurer Approved by the PCC on 7th May 2025 The notes on pages l O to 19 form part of these account5 Page 8
L OF THE PARISH DMUND 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net cash provlded by (used In) operatlng actlvltles 338,118 (98,159} CASH FLOWS FROM INVESTING ACTIVITIES Dividend, Interest and rents from investments Purchase of propertyj plint and equlpm¢nt 10,404 113,680} 6,499 Net cash provided by (used In) Investlng actiyltles (3,276) 6,499 Change In cash and cash equivalent5 In the reportlng period Cash and cash equlvalents at the beglnnln2 of the reportlng period Cash and cash èqulvalents at the end of the reportlng perlod 334,842 272,443 {91,6601 364,103 607,285 272,443 Reconciliation of net incomel(expendltur6) to net cash flow from operatlng actlvltles 2024 2023 Net Incomel(expendlture) for the reportlng period (V45 per statement of finencial actkvltles) AdjL4Sted for: Depreclatlon chargès (Gainslllos5e5 on Investmerrts Dlvidend, interest and nts from investments (IncrEase)Idecrwe in stoclcs {IncreR5e)Idecre in debtors Increasel{decrea5el in creditors 296,506 196,267) 23,856 15141 <10.404) 1738) 12,128 17,284 22,487 (1.948} (6,499> 805 {14,537) (2,2001 Net cash provided by {u5ed In) operating activitles 338,118 (98,1591 Analy51$ of cash and cash equivalents 2024 2023 Short term depo51ts Cash at bank and in hand 131,983 475,302 126,337 146,106 Total cash and cash èqulvalents 607,285 272,443 The notes on pages l D to 19 fcnn part of these accounts Page 9
OF THE PAR T EDMUND ENTS OF ACCOUNTING POLICIES Bosis of accounting The accounts have been prepared under the hlstorlcal cost convention with item5 re¢ognisad at C05t or transactlon value unless othepM5e 5t4t¢d In the relevaDt note(s) to these acccunts. Thè accounts Include all the funds for whlch the PCC is legally respon51ble', mon2yS whose use Is sublect to specSfSc trust5 are shown a5 restricted funds. The finan¢iil statements have been prepared In a¢¢ordance wlth the Church Accountlng Regulations 20D6, the Statèment of Recommended Practlce,. Accountlng and Reportlng by Charltles preparing their iccount5 In accordance wlth thè Flnanclal Reporting Standard ipplicable in the UK and Republlc gf Ireland (FRS 102) effectlve from l January 2019, the Flnanciaj Reportlng Standard appllcable In the UnSted Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The PCC consthutes a publlc beneflt entlty a5 deflned by FRS 102, Its governing documents are the Church of England's "Parochlal Church Councils (Powors) Measure 1956" and the Church Representitlon Rvles The reglstered offlce Is St Thomas's House, St Thomas'5 Square, S*llsbury SP I I BA. The trustees consider that there are no Materlal uncertalntles 8bout the PCC'S ablllty to continue a5 a going concern. The most slgn6ficant area of judgetnent that affects Items in the accounts 15 to do wlth estlmafing the resldual value of St Thomas'5 House (see Trote l fj. Fund accountlng Unrestricted funds are general funds that are &vailable for use at the PCC'S di5Gretlon In furtherance of the oblectlves of the charity. Deslgnated funds are generally unrestrlcted funds set aside at the discretion of the PCC for speciflc purposes. Restrlcted funds are those donated for use in a parricular area or for speclflc purposes, the use of wh5ch Is restrlcted to that area or purpose. Income Income is recogni5ed oncè the PCC has entitlement to the Income, thero is sufft¢ient certaAnty of receipt and so It Is probible that the inwme will be received. and the amount of Income receiyable can be measured reliably. Planned glvlngi collettions and similar donatlons are recognised when recelved. Income tax recoverable on Grft Aid donatlQnS 15 rE¢ognised when th8 donatlon is recognlsed, Grant5 are accounted for when the PCC is entitled to the use of the resources, their u1Mate recelpt Is con51dered probable and the amounts due are rellably quantfflable. Legacles are Included when the PCC 15 advised by the personal repmsentatlve of an estate, that piyment will be ade and the amount involyed can be quantTFted. Dlvldends are accounted for when declared re¢eiYable, inter95t as recelvable. Rental Income15 recognlsed when earned. The value of voluntary help is not in¢luded in the accounts but Is descrlbed In the annual reporL Donated good5 are recognlsod ag Income when the charity has entltlement to the Items. economic benefit5 will flow to the charty from them and their flir value can be measured reliably. Expenditure Expendlture Is rÈcognlsed once there is a letdl or constructlve obllgation to malce a payment to a third party. it Is probable that settlement will be required and the amount of the obligation can be measured rellably. Mlsslonary and charltable glving is accounted for when pald over, or whèn awarded, if that award create5 a bindlng or constructive obllgation on the PCC. The diocesan parlsh share expected to be paid over is accounted for when due. Support CQ5ts and their allocation Support costs are those central functlDns that asslst the work of the PCC but do noe dlroctly relate to charltable actyvitles. Support cost5 Include offlr¢ staff and other costs, and governance costs. Governance costs comprlse all costs inyolving th? publlc accountabillty of the PCC and Its compllance wlth regulation and good practice. Total support costs have been allocated betrveen cost of raising fund5 and expenditure on charitable actlvldès. The bases on whlch support eosts have been ajlocated are Set out In n¢te 12. Tangible fixed assets Consecrated and benefice property 15 not included In the a¢ctsunts in accordance wlth secrlon l 012)(a) and (c) of the Charities Act 2011. Moveable church furn15hlngs held by the rectcr and churchwardeng on speclal trust for the PCC and whlch r¢quire a faculty for disposal re Inalienable property, listed in the church's inventory. homas. No depreciation is provided as the estlrnated resldual Yalue of the property Is not less than its carrylng value and its remanlng useful life currently exceeds 50 year5, The asset is maintained to a high standard and any repair5 are chard w the SOFA. erfix ur8 flttin ui ment and musical In Equlpment used within the church premises 15 capitsli5Ed at cost and depreclated gn a $tralght line bas1$ over beeen 10 and 30 yeirs. Individual iterns of 8qulpmènt wlth a purchase prlce of £2,000 or less are written off when the &55et is acquired. Ftxed asset investments Investments are stated at market valuo at 31 December and the gains or losse5 ar151ng In the year are credlted or debited to the funds In which the inYe5tments are held. Any gain or1055 on rèvaluatlon or Sale is tsl<en to the Statement of Financial ActivltleS. Page 10
THE PAROCHIA SALISBURY ST T OMAS AND ST EDM THE FINANCIA TATEMENTS DED 31 DECEMBE URCH COUNCI ACCOUNTING POLICIES (contlnued) DebtOfS Debtors are reco8nised at the sottloment amgunt du8 after any discount offered. Prepayments are valued at the amourht prepald after taking account of any trnde dlscounts due. Credltovs Credltors are recognlsed where the PCC ha5 a present eb15gatlon re5uiting from a past eyent that wlll probably regult In the tyansfer of funds to a third party and thp amount due to settle the obllgatlon can be measured or estlmated reliably. Créditors are reccgnlsed at thelr settlement amount after allowlng for any trade dls¢ounts due, Short term deposlts Include cash held on deposlt with the CBF Chutth of England Funds, Non consolldatlon of 5ubsldl¢ry The total gr05s Income of the charity andlts 5ubsldiary, The Guild of St Thomu and St Edmund, is below the statutory threshold for preparing consolidated accounts. Th¢ PCC has therefore not prèpared consolidated accounts. The results and resarves of the subsldlary are dlsclosed In Note 27, RELATED PARTY TRANSACTIONS AND I<EY MANAGEMENT PERSONNEL In 2024 no trustee was paid any remuneratlon or recGtved any other beneffts from an employment a5 & trustee {2023 £01. In 2024 two trustees, B Chettleburgh and R Barlow. were paid a tota1 of £8,21 l a5 Yersers12023 three trnstees . £4,983). In 2024 no trustèÈ ¢l&lmÈd any trustées, axpans&8 (2023 - £nll). In 2024 the PCC paid £1.155 for expenses of one clergy who was also a trustee K Inglis12023 - two clergyltru$tees - £2.4651. The PCC corrtrlbutsd £nll towards study costs of clergy who were alsts trusteès12023 - two clergyltrustees - £1,200). In 2024 The Guild ol St Thomas and St Edmund {a subsldlary of the PCC) made grants of £67,43012D23 - £20.6181 to the PCC. The charity considers It5 loy management personnel comprtse the Trustees, VOLUNTARY INCOME 2024 2023 Planned glvlng Glft Aldad donatlons 103,381 26,035 9,289 4,465 102,278 25,834 7,586 3,726 Income Tax re¢¢vèrable Non Glft Ald donatlong Generpll Collections at services Specific coll05 Christmas Tree festwal Other speclflc collectlons General Donitlons DonatiQn5 through church safes 23,365 969 25,557 19,849 23,088 1,805 18,459 16,026 212,910 198,802 other Income Re5trlcted donation5 1207 4,671 Government grants Llsted Places of Worshlp Grant Scheme Grants received 25,778 67,990 20,868 95,975 25,539 Leg&cies 312,000 TOTAL OF VOLUNTARY INCOME 620,885 224,341 Of the £620,885 received In 2024 {2023.. £224,341) £110,738 was restricted fund$ (2023: £49,945) and £510,147 (2023.. £174,396) unrestricted funds. * The Listsd Places of Worship Grant Scheme gNes grnnts that cover thé VAT Incurred In maklng repxlrs to listed bulldings in use as places of worshlp Page I I
IL OF THE PA EDMUND TS ISH OF NO ORTHEY 4. INCOME FROM CHURCH ACTIVITIES 2024 2023 Parochlal Fe05 for bapt15ms, waddings and funerals St Thoma5'5 House - charity lettlngs 3,622 4,922 2,957 2,990 TOTAL OF INCOME FROM CHURCH ACTIVITIES B,544 5,947 All £8,544 r8¢elvÈd In 202412023.. 15.9471 wa5 fer unr85trlcted fund5. 5. INCOME FROM ACTIVITIES FOR GENERATING FUNDS 2024 2023 Fundralslng actfvltles Sale of coffee - Tuesdiy Sale of coffee Saturday and Sundiy Church Hiring Jigsaw sales Book 5ale$ Other fundTri5ing events 9,236 3,938 15,810 584 1.175 21.238 8,186 2,319 16,232 996 1,143 5,648 51.981 8,439 34,524 8,907 St Thomas'5 House cominerclal lettlngs TOTAL OF INCOME FROM ACTIVITIES FOR GENERATING FUNDS 60,420 43.431 Of the £60,420 received in 2024 (2023.. £43,431) £2,294 was for réstrlcted funds {2023.. L2.264) and £58,126 (2023.. £41,167) unrestrlcted funds, 6. INCOME FROM INVESTMENTS 2024 2023 Dlvidend Income Bank and Deposit Intero5t 624 9,780 1,223 5,276 TOTAL OF INCOME FROM INVESTMENTS 10,404 6,499 Of the £10,404 received in 202412023: £6,499> £21 was re5tr1cted funds12023.' £6) and £10,383 {2023., £6,493) unre5tr1cted fund5. 7. OTHER INCOME 2D24 2023 Wayleaves TOTAL OF OTHER INCOME 600 700 600 700 AII £600 recelved In 2024 (2023: £7001 wa5 unrestrlcted funds. Page 12
THE PA CHIAL CHURCH CO MAS AND ST ED CIAL STATEMEN SALISBUR NOTES TO THE THE YEAR ENDED 31 D EMBER 20 SUMMARY ANALYSIS OF TOTAL EXPENDITURE 2024 2023 Mlsslonary and Mlnistry ec Support co Tottl Total (Note 9) {Note 10, I I} (Note 121 C05t ol Church actlvitles C05t of Raisins funds 27,757 323,424 40,740 4,629 391,921 12,940 365,88S 13,248 27,757 331,735 45,369 404,861 379,133 Of the 1391.921 expenditure on Church activities in 2024 12023: £365,885) 1112,2e I was charged to regtrlcted fund5 (2023.. £22,9S6) and £279.64012023: £342,929) to unrestricted fltnds. Of the £ I 1940 expendlture on Ralsing funds in 202412023: £13,248) £1,117 was charged to restricted funds (2023.. £1,970) and £11,823 (2023: £11,278) to unrestricted funds. ANALYSIS OF MISSIONARY AND CHARITABLE GIVING Mlsslonary and charitable giving to Institutions 2024 2023 Qverseas lid Dlocese of Sallsbury South Sudan Link (Episcopal Unlver5ityl 5,000 5,000 5,000 5,000 National charitles alld Communlty Inltiatiyes Cancer Research UK Chrisdan Aid 1,000 924 1,924 Local charitles and Community Inltiatives Children's Chance Vvlltshire S¥ht St Paul's Church - Christlans Agalnst Poverty Morning Star Alzhelmer's Support (Wilt5hire) Sa115bury Trust for the Homeless Sa115bury Women's Refuge St Thomas's Charltles Sallsbury Hosplce Charity John McNelll Opportunity Centre Wiltshire Wildlrfe Trust Stars Appeal 5,000 1,000 7,357 7,357 7,000 7,01)0 4,000 4,000 1,000 514 514 100 52 52 20,833 24,128 TOTAL OF MISSIONARY AND CHARITABLE GIVING 27.757 29.128 No support C05t$ were allocated to Mlsslonary and Charltable glvln& Page 13
L OF THE PARISH DMUND TS 024 Ll TE I O. ANALYSIS OF MINISTRY. DIRECT COSTS OF CHURCH ACTIVITIES 2024 2023 Dloce5an Share 126,121 122,365 Other costs of Church actlvltles Clergy Expenses 1,555 2,465 Upkeep of Church Insurance HÈao Llght and Water RoutiNe Repalr5 and Malntonancè Architects, Fees Re.ordering (Includlng archltett5' fees> Garden and churchyard malntenance 10,749 20,834 15,275 12,653 13,889 540 90,107 4,210 540 128,336 51.608 Milor repalrs to Chur¢h (Includlng archieects, fees) West entrance Vesuy steps Boiler Fire alarrn and electrics 4.942 3,040 3,648 59,805 3,754 7,982 67,207 Cost of Sèrylces and Music Organ repalr5 and tunlng Piano maintenance and refurblshment Uplcoep of service5 Bell ringer5, general expenses Flowers Muslc and cholr Director of Muslc Organlst Chorlstors Vergers 713 372 1,500 1,321 173 2,656 1,899 3,702 3,986 2,967 708 1,764 2,215 3,855 4,205 1,799 12,384 9,635 30,610 26,561 Other costs Study and tralnlng Sunday school and young people expenses So¢lal acclvioes cost DepreciationlProfltJ(105s) on d15P05al of flxed assets Sundry expenses 348 67 391 23,521 2,388 1,763 808 135 22.152 977 26,715 25,935 Property costs re St Thomas's House - charlty letting {No* 15) 2,105 1,323 323,424 297,464 Page 14
LOF THE PAR UND ENTS 024 HOF I I. ANALYSIS OF DIRECT COSTS OF RAISING FUNDS 2024 2023 Cost of fundraising actwitles General fundraising costs Chrlstmas tree festlyal expenses Cose of jlgsaws 3,771 1,418 234 2,707 2,107 805 5,423 2,888 5,619 3,154 Properry costs re St Thomas's House - commerclal letdng (Note 151 8,311 8,773 12. ALLOCATION OF SUPPORT COSTS The breikdown of support Costs and how these were allouted acros5 actlvltles belng supported Is shown In the table below, 2024 2023 Activktles Activldes for Raislng un Church Total Support eosts., Offlce stsff costs Othèr office costs Propertie5 C05t5 re. genèral offlce Governance costs 29.096 6,937 2,307 2.400 30,627 7,445 2,497 4,800 29,506 7,368 2,238 4,656 508 190 (Note 15) 1400 40,740 4,629 45,369 43,768 Office salaries, Other costs and Propertlès costs were allocatsd across actlvltie5 they 5UPPQrt based on staff tlme. No SUPPDrt costs were alloc7¢ted to Missionary and Charitable giving. Governance costs were 5pllt equ21ty across the actlvlties, Governance costs breakdown.. 2024 2023 Independent examlner's fee Other accounting 5ervice5 1,404 3,396 1,363 3,293 4.800 4.656 13. ANALYSIS OF STAFF COSTS 2024 2023 Gro55 wages and salarles Employer's contributlon to deflned contrlbutlon pen5i0n schemes 43,436 894 38,761 859 44,330 39,620 Average number of employee5 No employees received employee ber)effts of more than £60,000 In either 2024 or 2023. 14. INDEPENDENT EXAMINER'S REMUNERATION Net incomeJlexpenditure)for the year is stited after charging.. Independent examiner's remuneration., for Independent examlnatlon for other servlces: Accounts preparation Other bool<-l<eeplng advlcelhelp 2024 2023 1,404 1,956 1,363 1,895 1,398 4,656 4,800 Page IS
THE PAROCHIAL CHURCH CO IL OF THE PARI S AND ST EDMU EFI FOR THE YEAR E 15. ANALYSIS OF PROPERTY COSTS OF ST THOMAS'S HOUSE 2024 2023 Property costs of St Thomas'5 House Llght, heat and wa¢er Insurance Repairs and maintenance Cleanlng Depreciition 2,990 1,470 1,829 866 335 3,514 1,287 693 886 335 7,490 6,715 St Thomas's House has three main functlons. One part Of the house Is used a general office. wlth the remainlng part belng used for both ccmmerclal lectlng and discounted lettlng to church groups and Other charitle5. Property cotts are splic between these functions based on a comblnadon of flo¢r space occupied and income generated adjusted for charlty dl$counts. Th15 breakdown Is shown in the table below. St Thomas's St Thomas's 2024 2023 House - charity House - commercip41 lettln General Total of Property costs of St Thomas's House 2,105 2,888 2,496 7.489 6,715 16. TANGIBLE FIXED ASSETS St Thomas, House Flxture5, Fittings and Equlpment Muslcal Instruments co OR VALUATION At l January 2024 Addltlons 261,263 299,938 13,680 19.590 580,791 13,680 At 31 December 2024 261.263 313,618 19,590 594.471 DEPRECIATION At l January 2024 Chgrge for the Year 168,882 23,536 2,240 320 171,122 23,856 At 31 December 2024 192,418 2.560 194,978 BOOK VALUE At 31 December 2024 261.263 121,200 17,030 399,493 At 31 December 2023 261.263 131,056 17,350 409,669 17. INVESTMENTS The parlsh held the following Investments :. 2024 2023 Central Board of Finance - 994 Investment fund income share5 Marl<et value as at I st January 2024 Unrealised gainl(loss) on revaluatlon Mark¢t value a5 at 31 st December 2024 22,470 514 20,522 1,948 22,984 22,470 The original cost of the Investments is not currently l<nown. Page 16
SALISBURY ST THOMAS AND ST ED NA TEMENTS FOR THE YEAR E 18, DEBTORS 2024 2023 Trade debtors Income Tax refunds due Other debtor5 Prepayments and accrued income 3,524 4,414 10,487 4,643 2,183 7,667 97 25,249 23,068 35,196 19. CREDITORS 2024 2023 Trade creditors Accruals and deferred Income Other creditors 8,739 17,415 5,107 3.157 10,281 539 31,261 13.977 20. MOVEMENTS ON RESTRICTED FUNDS Restricted funds are sums that can only be expended for the speclflc purposes for whlch they were rece(ved. THIS YEAR BaTrance at Transfers Balance at I january 2024 between 31 Decernber Income enditure funds 2024 Organ fund Bell Ringers, fund Propery fund Quest 2020 Christmas tree festival Other fund5 4,123 6,121 19,976 18,162 1,960 1,422 (713) (708} 5,370 6,835 19,976 81,638 23,366 4,669 (90,107) (15,831) (6,039) (9,693} (7,535> 801 9.849 9,280 58,231 £ 113,055 £ 1113,398) £ (16,427) £ 41,461 PREVIOUS YEAR Balance at Trydnsfers Balance at l January 2023 between 31 December Income Expendlture funds 2023 Organ fvnd Bell Rlngers, fund Properry fund Quest 2020 Christmas tree festival Other funds 2.395 6,296 19.976 (967) 2,100 (372) (1.486) 4,123 6.121 19,976 18,162 20,618 23,088 5,098 {4,210) (15.970) (2.888} 2,721 (7,118) 1,000 6,639 9,849 34.339 £ 52,215 £ (24,926) £ (3,397) £ 58.231 Pwty fJd - funds recelved for repalrs and improvements to the ¢hur¢h and other proper¢les. This Property fund contains rernRinder of fund5 from 2009 sale of Hale Hall and St Edmunds House, The funds are held in trust by the Salisbury Diocesan Board of Finance. funds received towards repairs, improvements and maintenance of the organ. uest 2020 fund - funds received towards church repalrs and improvements for 5peeific schedule of works. - festival organised annually with beneficiaries including other charities Ler Lunds - Other donations and eollectfons for specffied purposes, plus funds held by varlous organlsations linked to St Thoma5'S including Ollve Branch, Flower fund etc. Page 17
RO HIAL CHURCH CO MAS AND ST ED TEMENTS NC LOFTHEP Rl ND 21. MOVEMENTS ON UNRESTRICTED FUNDS Deslgnated funds are sums allocated by the PCC to provide for expected future expenses. THIS YEAR Balince it Galnslllossesl on Invexmént Trdnsfers Bance at l January 2024 between 31 Decernber Income aS5érs Expendlture IndS 2024 General hjnd Deslgnated funds Church roof fund 587,858 587,798 514 (291,463} (23,573) 861,134 80.000 i 0,000 30,000 90,000 30,000 St Thomas's House rooffund 667,858 587,798 514 (291,463) 16,427 981,134 PREVIOUS YEAR Balance at Galn5111055esI on Investment Transfers Balance at I january 2023 betNee 31 December Intome a55ets endlture funds 2023 Genernl Fund Deslgnatèd funds Church rooffund 716,017 228,703 1,948 (352,207> 16.603) 587,858 70,000 2,000 788,017 i 0.000 80,000 Annual gtvtng 12,000) (354,207) 228,703 1,948 3,397 667,858 I nd - de&ign2ted to fund fLrture roof repalrs whlch are planned ¢0 tsl¢e place wfthln the Thext 10 ye&r5. ou deslgnated to fund fLtture roof repatr5 whlch are plannod to TRl<e pltce K4thln the next 5 year5, fund de518nated to pay annual glvtng. Desi nated St Thomas's Desl ated annu lvl 22. DETAILS OF TRANSFERS BETWEEN FUNDS Collettions from the Christmas Tree fe5tiYal were restricted, two thirds to b8 donated to different charities and one third to be retainÈd by the PCC In th8 General fund. A transfer of £7,534 (2023 £7,118) was therefore made from the Christmas Tree festival fund to the General fund. A transfer of £13,680 {2023 - £0) wa5 made from Quest 2020 fund to the General fund on delfvery of ¢apltal assets now forniing part of General fund. A transfer of £3,987 (2023 £2,721} wa5 made from the G6neral fund to the Quest 2020 fund for expendlture not met by other restrirted Income sources. A transf6r of £80012023 £1,000) was made from the General fund to the Flower fvnd, An annual transfer of £ l 0.000 (2023 11 0,0001 wa5 Tnade from the General fund to the Deslgnated Church roof fund, A transfer of £30,000 (2023 £0) wa5 made from the General fund to the Deslgnated St Thomas'5 House roof fund. 23. ANALYSIS OF NET ASSETS BETWEEN FUNDS THIS YEAR Generat Restricted Tot Fund Fund5 Fund5 Tanglble fixed asset$ Investments Net currenc assetsllliabilities) 399,493 22,984 558,657 981,134 399.493 22,984 600,118 1,022,595 41,461 41,461 PREVIOUS YEAR General Kestrlcted To¢al Fund Funds Funds Tanglblo flxed assets Investments Net current a$setsllliabilities) 409,669 22,470 235,719 667,858 409,669 22,470 293,950 726,089 58,231 58.231 Pase 18
HOMAS AND ST THE FINAN 24. FINANCIAL INSTRUMENTS Note 2024 2023 Financlal assets measur¢d at falr value through profit and loss., InvtmentS held at falr value 17 22,984 22,470 Income, expenses. galns or losses, Including changes in fair value, recogrhlsed tsn.. Not G¥insllLosses} on Flxed assets measured a¢ falr value Intere$¢ on cash depDsIts Income Irgm CBF Church of England InVtment Fund 17 514 9,780 624 1,948 5,276 1,223 25. VOLUNTEERS The PCC relles on the hèlp of about 140 general volunteers who glve thelr tlme to St Thomas's In numerou5 ways - includlng cleanlng, bellrlllglngi helplllg in Yarlous ways durlng servSces, helplng with chlldren's groups and groups for the elderly, slnglng in the choir, serving coffee, a5 PCC members and as Lay Pastoral As51stant$. The value ol general volunteers, clme Ss not recognis8d In the counts. 26. CONTINGENT ASSETS In 2023, the charicy was notjfied of a rÈ5idual legacy, whlch was not re¢ognis¢d as Income In 2024 because the estate accounts had not been fin]sed by the yeir-end. The value of the legacyi now l<nown. Is £33,773. In 2024. the PCC w45 notified of a residual legacy, which $ollcit¢rs estlmated to be approximately £395,000, The PCC received £300,000 during the year, leavlng in estlmated amount of £95,000 yet to be recelved, 27. SUBSIDIARY UNDERTAKING Th¢ Guild of St Thomas and St Edmund is a charitable cornpany limited by guarantee. (The Ilabllity of Its member$ Is limlted to a sum not exceeding £10. bein8 the amount that each member undertal<es to tontrlbute to the assets of Tho Gulld of St Thoma5 and St Edrnund in the eVet gf its being wound up while h4 She or it Is & member or wlthin one y¢ar after h< she or it ceases tg be a member.) The Guild ol St Thoma5 and St Edmund is controlled under an agreèment by The Parochlal Church Councll of the P4r15h of Sallsbury St Thomas and St Edmund. The P4rothial Church Council of thè Parlsh of Salisbury St Thornas and St Edmund I"parent"> 1$ the sole beneficiary of The Guild ol St Thomas and St Edmund I subsidiary"), whose charitable oblecttyes are tg preserve and protect for the publlc benefit the Parish Church of St Thomas and St Edmund in Salisbury 2nd the monuments. Iltclngs. xture, orrdn, stalned glass, furnltur< omaments and chattels of such church and Its churchyud ind burlal ground. The sub$ldliry was Incorpor&te(J on 27 February 2018 (Company number 112273251 aTrd registered with Charlty Commlsslon or 8 November 2018 (Charlty number 1180618). The total Income of the 5ub5idiiry for the year to 31 Decémber 2024 was £15,094 (2023: £25,210). The deftclt for the year was U4.983 (2023.. $urplu5 of £Z939)- The net assets at 31 D¢¢¢mber 2024 were £19,488131 December 2023: £72.9711. Page 19
F THE PARI DEDMu Ll RYSTT NOTES TO TH MBER 202 FUNDS RECEIVED AS AGENT DONATIONS AND DISTRIBUTIONS- FROM SPECIAL COLLECTIONS Balance held Amount rocelved 2024 2023 Arnount pald 2024 2023 at 31 December 2024 2023 Christlan Atd Samara's Ald Appeal Sallsbury Mayor Appeal Alabare Sudan - Curats's trlp Children's Charbce ECSSSUP Sallsbury Foodbanl< Orchestras for All The Children's Society Sènd A C¢)W julia's House Wiltshire and Bath Air Ambulance 556 70 15561 (70) 1697) 135) (887) (124) 234 697 35 962 1234) 1,444 (1.519) 75 87 (84 2,062 179 (266} 1735) 2.062 179 276 14 114) 1.042 5,062 1,042 3,284 1596 (1.854) (4,491) 76 These monies havo been collected as pirt Of the Pcc's actiyltles on b¢half of the above charitie5 but form no part of the accounts, Page 20