ST JAMES CHURCH, SOUTHBROOM Registered Charity Number 1134059 Annual Report and inancial Statements of the Parochial Church Council foi. the year ended 31 December 2024 Bank HSBC Bank 45 Maiket Place Devizes Wiltshire Independent Examiner Mrs A M Cioss FCCA The Alanbiookes Gi"oup Ltd TIA JS Weeks & Co l O Market Place Devizes Wiltshiie
INDEPENDENT EXAMKNER'S REPORT TO THE MEMBERS ofi THE PAROCHIAL CHURCH COUNCIL OF ST JAMEI S, SOUTHBROOM I report to the P.oChiaI Church Council on my exaniination of the accounts for the yeai. ended 31 December 2024. Responsibilities and basAS of report The members of the PCC are responsible foi. maintaining proper accounting recoi'ds and pi'ep¢ll'Èng account which comply with the requii'ements of Section 145 of the Charities Act 2011 (the Act). l iepoit in iespect of my examiiiation ol the PCC'S acoounls carried out undei section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable directions given by the charity commission undei. section 145(5)(b) of the act. Basis of independent examiner's statement My examination was caiTied out in accordance with the geneial direction given by the Chai'ity Commission. An examination includes a review of the accounting i"ecords kept by the charity and a compaiison of the financial statements pi'esented with those records. It also includes consideration of any unusual items of disclos.eS in the financial statements and seeking explanations from the PCC concei'ning any such matters, The procedures undei"laken do not provide all the evidence that would be required in an audit and consequently no opinioii is given as to whether the accounts present a 'true and fail view, and the iepoi't is limited to those matters set out in the statement below. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material i'espects'.- l. Accounting i'ecords were not kept in respect of the Chllty as requested by section 130 of the Charities Act 2011 ' 01. 2. The accounts do not accord with the accounting i'ecoids" or 3. The accounts do not comply with the applicable i"equii'ements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 othei. than any requireinent that the accounts give a 'true and fail view which is not a mattel considered as p of an independent examination. I have no conceills and have come across no other matteiE in connection with the examination to which attention should be di'awn in this report in order to enable a proper understanding of the accounts to be reached. Mrs Alison Ci'oss The Alanbrookes Group Ltd Tla JS Weeks & Co Chte1'ed A¢counlants l O Mai'ket Place Devizes Wiltsliire SNIO IHT 17 April 2025
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMEI S, SOUTHBROOM IINANCIAL STATEMENTS for the year ended 31 December 2024 INDEX Page Statement of Financial Activities Balance Sheet Notes to the Financial Statements
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM STATEI MENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 Unrestricted Restricted Funds Funds Total Funds 2024 2023 Note Incoming Resources IncoiT]ing Resources from Donors Othei Voluntary Incoming Resources Incoine froin Charitable & Ancillary Trading Income from Investments 2a 2b 179513 1700 16498 196011 1700 198621 8400 2c 2d 40610 21046 40610 21046 28163 23683 Total Incoming Resources 242869 16498 259367 258867 Resources Used Chui'ch Activities 216292 24687 240979 235784 Total Resources Used 216292 24687 240979 235784 Net Incomingl(Ovtgoing) Rcsources Transfers Between Funds Gains and Losses on Investments Unrealised (reduction)/increase in value 26577 (8189) 18388 23083 2411 2411 8757 Net Movement in Funds Balances as at l January 2024 28988 233661 (8189) 467463 20799 701124 31840 669284 Balances as at 31 December 2024 262649 459274 721923 701124
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM BALANCE SHEET as at 31 December 2024 Note 2024 2024 2023 Fixed Assets Land and Buildings at Cost Investment Assets at Market Value 210979 118073 193000 112336 Current Assets DebtoiE Cash at Bank and in Hand 7785 393085 3222 409685 400870 412907 Liabilities: Citditors: Amounts Falling Due Within One Year (7999) (17119) Net Current Assets 392871 395788 Iyct Assets 721923 701124 Funds Um'estricted Restsicted 262649 459274 233661 467463 721923 701124 Approved by the Parochial Church Council on 28 April 2025 igned on its behalf by Chaimian Treasui'er The notes on pages 3 to 9 form part of these accounts.
PAROCHIAL CHUIICH COUNCIL PARISH OF ST JAMES, SOUTHBROOM NOTES TO THE FINANCIAL STATLMEI NTS for the year cnded 31 December 2024 Accounting Policies The financial statements have been pi'epaiEd in accordance with the Chui'ch Accounting Regulations 2006 togethei with applicable accounting starAdards and the Charities SORP. The financial statements have been pi"epai'ed undei. the historical cost converAtion except foi. the valuation of investment assets, which al'e shown at mai'ket value. The accounts include all transactions, assets and liabilities foi- which the PCC is responsible in law. They do not include the accounts of chuich gioups thal own theii mciin affiliation to another body noi, those that aiE informal gatherRngs of Chiii'ch membei's. Funds General funds represent the funds of the PCC that are not subject to any restiictions reg.dIng their use and are available foi. application on the general pyO8eS of the PCC. Some funds designated for a ptIcula1 purpose by the PCC al'e resti'icted. fioi. example, some of the Cottage Properties Fund intei'est can be used foi. ecclesiastical woi'k in the p,ish. Incomlng Resources Voliiiitary iiicome aiid capil(Il resoiii'ees Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received, Income tax recoverable on gift aid donalions is recognised when it becomes i'eceivable. Grants and legacies to the PCC accounted foi as soon as the PCC is iiotified of Its legal entitlement and the amount due. Funds i'aised by the fete, garden paity and siniilar events ai"e accounted for gross. Otlier ordinary income Dividends and interest al'e accounted for when recekvable. Tax iecoverable on such income is recognised in the same accounting yeai.. Gains aiid Ioss oit invesÉnients Realised gains or losses ale iecognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investtnents at 31 December,
PAROCHIAL CHURCH COUNCIL PAIUSH OF ST JAMES, SOUTHBROOM NOTES TO THE FIINANCIAL STATLI MEI NTS (Continued) for the year ended 31 December 2024 Accounting Policies (Continued) Resources Used Gi'nnls Gi'aiits and donations al'e accounted for when paid over, oi. when awai'ded, if that awai'd creates a binding obligation on the PCC. Aclivities di.i'ectly relntiitR to Ilie ivork of Élle Cliurcli The diocesan parish share is accounted foi when payable. Any share unpaid at 31 De¢embeL is piovided for in these accounts as an operational (though not a legal) liability and is shown as a ci'editor in the Balance Sheet. Fixed Assets Consecraled laiid find biiildings aiid movable cliiii'Llifiiritisliings Consecrated and beneficed propeity is excluded fi'om tlie accounts by s.96(2)(a) of the ChIlLeS Act 1993. No value is placed on movable church furnishings held by the chui'chwardens on special trust for the PCC and which i'equiie a faculty foi disposal sirAce the PCC considers this to be inalienable propeity. All expenditui'e incurL'ed dui'ing the yeai. on consecrated or benefiLe buildings and movable church tui'nishings, whether inaintenance or impi'ovenient, Rs Itten off as expenditui'e on the SOFA and sepai'ately disclosed. The PCC own the Pai'ish Centi." (now known as the Southbroom Cents'e, victoi.ia Road) and the th land theieon as set out in the conveyance of12 Febiualy 1976. The original cost is not known and the PCC believes that no use] puiyose is served by valuing it. Inveslnieiils Investments are valued at market value at 31 December. Ciirreiit nssels Amounts owing to the PCC at 31 Decembei. in respect of fees, rents or othei. income dl"e shown as debtors less provision for amounts that may prove uncollectible. Short-tei'm deposits include cash held on deposit either with the CBF Chuirh of England Fuiids, Viigin Money oi" at the bank.
PAROCHIAL CHURCH COUNCIL PAIUSH OF ST JAMLI S, SOUTHBROOM NOTEIS TO THE FINANCIAL STATEMENTS (Continlled) for the year ended 31 December 2024 Unrestricted Restricted Fund Total Funds 2024 2023 Incoming Resources Incoming Resoul'ces fi.om Donors Planned Glving - Pledged Offei'ings Other Offerings Legacies and Gifts Income Tax Recoveiable Donations 129778 10190 3556 28045 7944 129778 10190 19604 28045 8394 137615 10153 16048 28969 21884 450 179513 16498 196011 198621 b, Other Voluntary Incoming Resources Giants... Wiltshii'e Council Other Funds 3400 5000 1700 1700 1700 1700 8400 Income fi'om Charitablw and Ancillary Trading Fees - Mariiages and Funerals Parish Centre Lettings Magazine Sales and Adveitising Piinting and Heating Church Lettings St James Centre Floweis and Coffees Youth Activities Adult Activities Festival 4667 9520 738 435 1192 18599 534 1840 242 2843 4667 9520 738 435 1192 18599 534 1840 242 2843 3205 6620 609 556 2774 14399 40610 40610 28163 d. Income fi'om Investments Deposit Interest 21046 21046 23683 Total Incoming Resources 242869 16498 259367 258867
PAROCHJAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM NOTEI S TO THE FINANCIAL STATEMfi NTS (Continued) for the year ended 31 December 2024 Unrestricted Restricted Funds Funds Total Funds 2024 2023 Resources Used Activities Dii'ectly Relating to the Work of the Church General Parish Shal'e Outwaid Giving Mission Independent Examinei's and Piofessional Fees Chui'ch Life Clergy Expenses New Staff Costs Adult Activities Youth Worker's Salary Youth Activities Parish Weekend Training Copyi'ight Licence Social Festival ExpenditUlE Subsci'iptions and Sundi'ies Bank Ch.geS Legacies and Gifts Cliiii'cli Expeiises Insw'ance Light aiid Heat Repaii's and Maiiitenance Choir and Organist Expenses Service Expenses Equipment Cliiircli Office SeciEtaiy/Finance Assistant Equipment Printing and Stationery Telephone Si Jomes CenlrdParisli Ceiitre Insuiance Light and Heat Repaii's, Maintenance and Cleaning Equiprnent and Conimuiiications Water 104410 15400 444 502 104410 15400 444 502 100394 16700 34742 522 26312 441 175 906 906 1265 14279 1478 1265 14742 1478 463 (53) 200 1241 719 4507 1336 921 2723 702 254 1449 4507 1336 921 2723 702 254 25465 447 242 24016 4224 8130 5902 (80) 1100 651 4224 8130 5902 (80) 1100 651 3958 9597 3204 444 588 750 16116 4500 1923 4123 208 16324 4500 1923 4123 15575 22 2048 3764 2031 8700 8301 95 2031 8700 8301 95 1938 5376 6010 78 350 216292 24687 240979 235784
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 Deeember 2024 Staff Costs 2024 2023 Gl'oss Pay and Pension Costs 48236 52498 During the yeai" the PCC employed an Administratoi., a CYP (Childi'en and Young Peisons) Woikei. and a Debt Ceiiti'e Manager. Avei'age numbei of employees: 3 (2023.3) Fixed Assets for use by the PCC 2024 St James Centre Net Book Value l JanU"Y 2024 Improvements 193000 17979 Net Book Value 31 December 2024 210979 2024 Investments Maiket Value l Januaiy 2024 Income Received Revaluation 112336 3326 2411 Market Value 31 Decembei. 2024 118073 Note:_ The above investments are rests'icted. The capital and income cannot be used foi general expenditure pury)oses. Debtors 2024 2023 Copyi'ight Licence Insurance Gift Aid Electricity Recharges Fiincral Directois 1403 5390 992 1336 602 834 450 7785 3222
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM NOTES TO THE FINANCIAL STATEMEIYTS (Continued) for thc ycar ended 31 Dcccmbcr 2024 Liabilities:. Amounts fi alling Due Within One Year 2024 2023 Vicai. RJS Expenses Independent Examiner's Fee Clei'gy r,xpenses Youthworlc Activities Agency Collections Payroll/Pension Liabilities 6157 480 15000 480 882 1362 757 7999 17119 Analysis of Net Assets by Funds Fixed Current Current Assets Assets Liabilities Total Funds Unrestricted Funds Genei'al Fund Building Repairs Fund Legacies and Gifts Fiind 66670 159445 44533 (7999) 58671 159445 44533 Total Unrestricted Funds 270648 (7999) 262649 Restricted Funds Fixed Assets Fiind Legacies and Gifts Fund St James Centre Fund 118073 118073 130222 210979 130222 210979 Total Restricted Funds 329052 130222 459274 Total Funds 329052 400870 (7999) 721923
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMEI S, SOUTHBROOM NOTES TO THE FINANCIAL STATEMEI NTS (Continued) for the year ended 31 December 2024 Charitable Status The PCC is a Registered Charity. The Registlation Numbei. is 1134059. The official name is: The Pai'ochial Chui'ch Council of the Ecclesiastical Paiish of St James, Southbroom. Devizes. The woiking name is: St James, Southbioom PCC, Devizes.