ST JAMES CHURCH, SOUTHBROOM
Registered Charity Number 1134059
Annual Report and Financial Statements of the Parochial Church Council
for the year ended 31 December 2025
Bank HSBC Bank 45 Market Place Devizes Wiltshire
Independent Examiner Mrs A M Cross FCCA The Alanbrookes Group Ltd T/A JS Weeks & Co 10 Market Place Devizes Wiltshire
INDEPENDENT EXAMINER’S REPORT
TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ST JAMES, SOUTHBROOM
I report to the Parochial Church Council on my examination of the financial statements for the year ended 31 December 2025.
Responsibilities and basis of report
As the PPC you are responsible for the preparation of the financial statement in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the PCC’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the Directions given by the Charity Commission under section 135(5)(b) for the Charities Act 2011.
Independent examiner’s statement
Since the PCC’s gross income exceeds £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm thatIam a qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the PCC has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities Statement of Recommended Practice issued on | April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. J confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
-
Accounting records were not kept in respect of the PCC as required by section 130 of the Charities Act 2011; or
-
The financial statements do not accord with the accounting records; or 3. The financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs Alison Cross FCCA The Alanbrookes Group Ltd T/a JS Weeks & Co Chartered Accountants 10 Market Place Devizes Wiltshire SN10 [HT
7 April 2026
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
FINANCIAL STATEMENTS
for the year ended 31 December 2025
INDEX
Page
| 1 | Statement ofFinancial Activities |
|---|---|
| 2 | Balance Sheet |
| 3-9 | NotestotheFinancialStatements |
1
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2025
| Unrestricted | Restricted | Total | Funds | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | |||
| Incoming Resources | ||||||
| Incoming Resources from Donors | 2a | 181837 | 31823 | =213660 | 196011 | |
| Other Voluntary Incoming Resources | 2b | 1700 | - | 1700 | 1700 | |
| Income from Charitable | ||||||
| & Ancillary Trading | 2¢ | 39778 | - | 39778 | 40610 | |
| Income from Investments | 2d | 20231 | - | 20231 | 21046 | |
| TotalIncoming Resources | 243546 | 31823, | =.275369 =.259367 | |||
| Resources Used | ||||||
| Church Activities | 3 | 233013 | 21569 | =.254582 = 240979 | ||
| Total Resources Used | 233013 | 21569 | 254582 | 240979 | ||
| NetIncoming/(Outgoing) Resources | 10533 | 10254 | 20787 | 18388 | ||
| Transfers between funds | 31911 | (31911) | - | - | ||
| Gains and Losses on Investments | ||||||
| - Unrealised (reduction)/increase in value | (4308) | - | (4308) | 2411 | ||
| NetMovement in Funds | (4308) | - | 16479 | 20799 | ||
| Balances as at 1 January 2025 | 262649 | 459274 | 721923 | 701124 | ||
| Balancesasat31December2025 | 300785 | 437617 | = | =—°738402=721923 |
2
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
BALANCE SHEET
as at 31 December 2025
| Note | 2025 | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | £ | ||
| Fixed Assets | ||||
| Land and Buildings at Cost | 5 | 210979 | 210979 | |
| Investment Assets at Market Value | 5 | 103456 | 118073 | |
| Current Assets | ||||
| Debtors | 6 | 6838 | 7785 | |
| Cash at Bank and in Hand | 426659 | 393085 | ||
| 433497 | 400870 | |||
| Liabilities:- | ||||
| Creditors:- Amounts Falling | ||||
| Due Within One Year | 7 | (9530) | (7999) | |
| Net Current Assets | 423967 | 392871 | ||
| Net Assets | 738402 | 721923 | ||
| Funds | ||||
| Unrestricted | 8 | 300785 | 262649 | |
| Restricted | 8 | 437617 | 459274 | |
| 738402 | 721923 |
Approved by the Parochial Church Council on 28 April 2026 and signed on its behalf by
Chairman
Treasurer
The notes on pages 3 to 9 form part of these accounts.
3
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2025
- Accounting Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that own their main affiliation to another body nor those that are informal gatherings of Church members.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Some funds designated for a particular purpose by the PCC are restricted. For example, some of the Cottage Properties Fund interest can be used for ecclesiastical work in the parish.
Incoming Resources
Voluntary income and capital resources
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 donations is recognised when it becomes receivable. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
Funds raised by the fete, garden party and similar events are accounted for gross.
Other ordinary income
Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.
Gains and loss on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
4
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 31 December 2025
1. Accounting Policies (Continued)
Resources Used
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC,
Activities directly relating to the work of the Church The diocesan parish share is accounted for when payable. Any share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Fixed Assets
Consecrated land and buildings and movable church furnishings Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.
No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure on the SOFA and separately disclosed.
The PCC own the Parish Centre (now known as the Southbroom Centre, Victoria Road) and the land thereon as set out in the conveyance of 12" February 1976. The original cost is not known and the PCC believes that no useful purpose is served by valuing it.
Investments
Investments are valued at market value at 31 December.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds, Virgin Money or at the bank.
5
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 31 December 2025
.
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|
|Fund|Fund|2025|2024|
|£|£|£|£|
|2.|Incoming|Resources|
|a.|Incoming|Resources|from|Donors|
|Planned|Giving|-|Pledged|Offerings|129429|-|129429|129778|
|Other|Offerings|9251|-|9251|10190|
|Legacies|and|Gifts|1482|31523|33005|19604|
|Income|Tax|Recoverable|27169|-|27169|28045|
|Donations|14506|300|14806|8394|
|181837|31823.|=213660|=:|196011|
|b.|Other|Voluntary|Incoming|Resources|
|Grants:-|Wiltshire|Council|-|-|-|-|
|Other|Funds|1700|-|1700|1700|
|1700|-|1700|1700|
|c.|Income|from|Charitable|and|Ancillary|Trading|
|Fees|-|Marriages|and|Funerals|3043|-|3043|4667|
|Parish|Centre|Lettings|10086|-|10086|9520|
|Magazine|Sales|and|Advertising|288|-|288|738|
|Printing|and|Heating|99|-|99|435|
|Church|Lettings|480|-|480|1192|
|St|James|Centre|20883|-|20883|18599|
|Flowers|and|Coffees|252|-|252|534|
|Youth|Activities|1492|-|1492|1840|
|Adult|Activities|680|-|680|242|
|Festival|2475|-|2475|2843|
|39778|-|39778|40610|
|d.|Income|from|Investments|
|Deposit|Interest|20231|-|20231|21046|
|Total Incoming|Resources|243546|31823.|275369|=.|[259367]|
----- End of picture text -----
6
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 December 2025
| Unrestricted | Restricted | Total | Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| 3. | Resources Used | £ | £ | £ | £ |
| Activities Directly Relating to the Work ofthe | Church | ||||
| General | |||||
| Parish Share | 115011 | - | 115011 | 104410 | |
| Outward Giving | 19632 | - | 19632 | 15400 | |
| Mission | 153 | - | 153 | 444 | |
| Independent Examiner’s and Professional Fees | 564 | - | 564 | 502 | |
| Clergy Expenses | 643 | - | 643 | 906 | |
| Adult Activities | 1423 | - | 1423 | 1265 | |
| Youth Worker’s Salary | 21233 | - | 21233 | 14742 | |
| Youth Activities | 1002 | - | 1002 | 1478 | |
| Training | 485 | - | 485 | 4507 | |
| Copyright Licence | 1404 | - | 1404 | 1336 | |
| Social Festival Expenditure |
1119 2335 |
- - |
1119 2335 |
92] 2723 |
|
| Subscriptions and Sundries | 716 | - | 716 | 702 | |
| Bank Charges | 181 | - | 181 | 254 | |
| Legacies and Gifts | - | 21569 | 21569 | 25465 | |
| Church Expenses | |||||
| Insurance | 4312 | - | 4312 | 4224 | |
| Light and Heat | 8525 | - | 8525 | 8130 | |
| Repairs and Maintenance | 6584 | - | 6584 | 5902 | |
| Choirand Organist Expenses | 60 | - | 60 | (80) | |
| Service Expenses | 769 | - | 769 | 1100 | |
| Equipment | 536 | - | 536 | 651 | |
| Church Office | |||||
| Secretary/Finance Assistant | 16749 | - | 16749 | 16324 | |
| Equipment Printing and Stationery |
- 1952 |
- - |
- 1952 |
4500 1923 |
|
| Telephone | 4128 | - | 4128 | 4123 | |
| StJames Centre/Parish Centre | |||||
| Insurance | 2058 | - | 2058 | 2031 | |
| Light and Heat | 7588 | - | 7588 | 8700 | |
| Repairs, Maintenance and Cleaning | 11069 | - | 11069 | 8301 | |
| Equipment and Communications | 2782 | - | 2782 | 95 | |
| 233013 | 21569 | 254582 | 240979 |
7
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 31 December 2025
| 4. | StaffCosts | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| GrossPayandPensionCosts | 59191 | 48236 |
During the year the PCC employed an Administrator, a CYP (Children and Young Persons) Worker and a Debt Centre Manager. Average number of employees: 3 (2024:3)
- Fixed Assets for use by the PCC
| Fixed Assets for use by the PCCPCC | |
|---|---|
| 2025 | |
| StJames Centre | £ |
| NetBookValue | January 2025 |
| Improvements | - |
| NetBook Value 31 December 2025 | 210979 |
| 2025 | |
| Restricted Investment Fund | £ |
| Market Value | January 2025 |
| Reclassified as Current Asset | (10309) |
| Income Received | 2994 |
| Revaluation | (7302) |
| MarketValue31December2025 | 103456 |
Note:- The above investments are restricted. The capital and income cannot be used for general expenditure purposes.
| 6. | Debtors | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Copyright Licence | 1444 | 1403 | |
| Insurance | 5394 | 5390 | |
| Gift Aid | - | 992 | |
| 6838 | 7785 |
8
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 31 December 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|7.|Liabilities:-|2025|2024|
|Amounts|Falling|Due Within|One Year|£|£|
|Vicar RJS|Expenses|3709|6157|
|Independent|Examiner’s|Fee|534|480|
|Agency|Collections|4087|1362|
|CAP|Termination|Reserve|1200|-|
|9530|7999|
----- End of picture text -----
- Analysis of Net Assets by Funds
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Fixed|Current|Current|Total|
|Assets|Assets|Liabilities|Funds|
|£|£|£|£|
|Unrestricted|Funds|
|General|Fund|-|105055|(9530)|95525|
|Building|Repairs|Fund|-|159445|-|159445|
|Legacies|and|Gifts|Fund|-|45815|-|45815|
|Total Unrestricted|Funds|-|310315|(9530)|300785|
|Restricted|Funds|
|Restricted|Investment Fund|103456|-|-|103456|
|Legacies|and|Gifts|Fund|-|123182|-|123182|
|St|James|Centre|210979|-|-|210979|
|Total|Restricted|Funds|314435|123182|-|437617|
|Total Funds|314435|433497|(9530)|738402|
----- End of picture text -----
"
PAROCHIAL CHURCH COUNCIL PARISH OF ST JAMES, SOUTHBROOM
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 31 December 2025
9. Charitable Status
The PCC is a Registered Charity. The Registration Number is 1134059.
The official name is: The Parochial Church Council of the Ecclesiastical Parish of St James, Southbroom, Devizes.
The working name is: St James’ Southbroom PCC, Devizes.