Thombury Church- 1137265
Annual Report & Accounts 2024
Thornbury Parochial Church Council
2024 Annual Report and Accounts
Chavity numbw I137￿5
11
11
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Thombury Church- 1137265
Annual Report & Accounts 2024
Index
Page
Table of contents
Report of the Trustees
Statement of Trustee Responsibilities
Independent examiner's report
Statement of Financial Activities
Balance Sheet
10
Notes to financial statements
11-20
Appendices:
A St Mary's Legal Information
20
B Sub-committees and groups
21
reporting to the PCC
C Church Hall Legal Information
22

Thornbury Church- 1137265
Annual Report & Accounts 2024
Trustees Annual Report for 2024
Legal and administrative
Parish Legal and administrative information, including details of the Parochial Church Council {PCC) members who served
during the year, is shown In Appendix A.
Aims and organisation
The main purpose of the PCC is defined in the Parochial Church Councils (Powers) Measure 1956 as 'to co-operate with
the minister in promoting in the parish the whole mi55ion of the Church, pastoral, evangeli5tlC, Social and ecumenical,.
The PCC meets 10 times in the year. Between these meetings business is transacted by the Standing Committee. Other
subcommittee5 and groups reporting to the PCC are shown in Appendix B.
The revlsed electoral roll report is to be presented at the Annual Parochial Church Meeting {APCM).
Services took place at both St Marls and St Paul's, and occasionally In the Church Hall. There was a yariety of services, at
different times, to cater for the different congregations, and to allow for the availability of ordained and lay ministers. A
regular pattern of worship has now been established introduced.
Review of progress and achievements
2024 contlnued with a pattern of regular services and activStle5 wlthin the Parish and our Priest in Charge, Reverend Joy
Ludlow, with the help of the retlred priests and the assistance of Rev Sophia, a local NSM, has covered much of the work
required.
Alice Keehn continues the role of office administrator and PA to Revd Joy and we are finding her skills in marketing, social
media and presentation Invaluable. Alongside her role as Lay Funeral Minister. Lizzie Jones has continued as Life Events
coordinator. She is working very well with baptism, wedding and funeral families. Our Director of Music has continued to
develop the choir and, with a small committee, has arranged the return of the concert5 in 2024 which have been a great
success. These have been very well attended and appreciated.
The most SlBnificant feature of 2024, afferting the accounts, wa5 the re-ordering of the back of St Mary's to open up the
west end of the Church. This included moving the font, removing surplus pews but retaining the Victorian joinery, laying
new stone flooring, adding a new children's area, providing a dedicated storage area, improving the appearance of the
war memoria15 and providing an improved and larger servery area for social events. The work also included Improvlng the
west end vestry to include an accessible toilet and a second toilet and enhanced choir facilities. The work commenced
soon after Easter and the servery and other facilities were officially opened and blessed on l December, with an open
afternoon for the community on Sunday 15 December. Thanks for the work on this project must go to Robin Gupta who
was Project Manager, and to Mike Dennett who helped with the day-to-day oversight of the contractors. During the
whole 7 Months we were able to maintain our funerals and wedding ministry with the aid of the very flexible workers
from the main contractor Ellis and an excellent band of helpers from both St Mary's and St Paul's, who cleaned every
week and before special services.
Finally• as ever, we have had to bid a sad farewell to many of our church community who contributed to our Parish in so
many ways. May they rest in peace. Others who have been faithfully attending, for manyyears, are now no longer able to
get out and about and many use our livestreamed services each Sunday fortheir worship.

Thornbury Church- 1137265
Annual Report & Accounts 2024
Review of Financial Activities and Affairs
To achieve the reordering, we used £16k of designated funds. with the majority from the Robinson fund: £326k net of
VAT reclaims. This considerable piece of work, which is now complete, has been well received and already put to good
use.
We are truly fortunate in having generous and commttted congregation5 who give regularly, whether using the Planned
Giving Scheme or Standing Orders. Income, excluding legacies, has increased year on year thanks to this generosity, and
also due to increases in investment deposit balances. In terms of legacies, we were fortunate to receive a generous
donation of £52k from George Ford, which is restricted for the fabric of St Mary's. In 2024, we had entertainment events,
including films, a barn dance, Sunday lunches and several concerts took place in St Mar¢s, all providing extra income.
Expenditure increased overall but we made some saving5 in otherareas, to offset increases. In 2024, Gill Young left the
post of Treasurer for the Parish at the APCM and we wish to show our huge appreciation and thank5 for her hard work
and dedlcation to the role over many years. WÈ have taken on the services of a professional accountant (Alistair Jenklns)
as Treasurer. A notable increase in Utility bills has kicked in, as for all. We r&fixed our rate for the gas and electricity in
late 2024 and kept our supply with Ecotricity, a more sustainable supplier, as part of our Eco Church endeavours.
The Statement of Financial Activity shows a net deficit for the year of £219,783, which becomes a surplus of £122,207 if
you exclude the St Mary's re-ordering. Total fund5 have thus decreased from £1,799,395 to £1,585,486. roughly the level
at end of December 2022.The Church Hall accounts also show a small deficit as various improvements have been made,
Including solar panels to generate our own green energy. A lot more Informatlon at fund level can be found In notes 12 /
13 to the accounts.
Investments contlnue to be made to ensure a safe, but competitive rate, of return across all funds. Bank and Deposit
interest rates peaked in 2024; there is little to be gained from movlng any of our bank deposlts. We continue to bank with
Natwest as the Diocese has an agreement that all its churches get interest on their balances, although we do pay bank
charges on both current accounts. We continue to keep the Coventry Charities saver account. The PCC will continue to
make every effort to safeguard the funds in the best way possible.
Many thanks to all those who give generously of their money, time and 5UPPOrt in 50 many differerlt Way5.
Planned Giving and the Parish Glving Scheme
The number of regular givers, whether in the Diocesan scheme or by Standing Order, has decreased from 152 at the end
of 2019, to 102 at the end of 2024. We have therefore lost nearly one third of our regular givers over the last 5 years. This
is exceptionally concerning as this incorne is what we rely on for our day-to-day expenditure. This is a matter that the PCC
will need to address urgently.
Thank you all for your continued commitment to our ministry, and for reviewing or increasing your giving. Thank5 to Phil
Jones for all his work in the role of Planned Giving Recorder, and we thank Denise Jones for taking this over.
There is a contactless payment machine in St Marfs which is also being used regularly.

Thombury Church- 1137265
Annual Report & Accounts 2024
Use of Retained Funds (Reserves)
The Charity Comrnission requires the PCC to comment on the size and use of retained fund5. The General Fund covers the
cost of our ministry, staff costs, Parish Share and routine up-keep of our buildings. The operating balance we hold in that
fund is around a third of our annual expenditure. We also have designated funds for specific allocated items of spend as
decided by the PCC. We have a Hall complex and two church buildings to maintain, one of which is Grade I listed and in
constant need of specialist attention, particularly regarding its masonry. The funds we hold are insufficient to cover all the
things WÈ would need to do to maintain our buildings and keep them up to date. The restricted Robinson legacy is only for
the fabric of St Marvs. The reordering work at the back of St Mar¢s has delivered improved storage and expanded the
kitchen area and is much appreciated already. This was partly paid for by the Robinson fund, and legacy money held in the
Deslgnated Fund.
Flnanclal Risks
The major risks can be summarised as follows:
Falling church membership.
A large number of the congregation is over 65 and on a reduced income.
Failure to maintain the numbers of people using the Planned Giving scheme. Only about half of those on the Electoral
Roll are regular givers to church funds.
About a third of our regular income comes from just a few very generous donors and the loss of just one of these
would have a serious impact on our total income.
Meeting the cost of upkeep and re-ordering of buildings.
Large Parish Share. For the support of ministry in this and other parishes in the diocese.
Rising staff costs due to the need to comply with employee legislation for both salary level and the work-place
pension.
The difficulty in flnding people with the skills and the time available to take up key servlce roles, such as warden or
treasurer.
Church Hall-Aims, Organisation and Legal information
The aims of St Marfs Church Hall Trust are contained in the Thornbury Church Institute Declaration of Trust Deed dated
30th March 1912. This established the Trust to provide a Hall, inter alia, "for any ecclesiastical purpose or for the purpose
of mission services, Sunday schools or meetings or for any object or purpose having in view the spiritual, moral, soclal or
intellectual wants, requirements and welfare of professing members of the Church of England
The Hall Trust places the facility in the ab501ute care of the Vicar and Churchwardens for the time being in office. They
have the power to appoint Trustees. The original Custodian Trustees are all deceased and this role has now been taken by
The Gloucester Diocesan Trust. On 27 January 2004 the Vicar and Churchwarden5 appointed Thornbury PCC to manage
the day-to-day administration of the Hall. This is undertaken via the Church Hall Sub-committee of the PCC, which can
include, ex-officio, the Vicar and Wardens.
Church Hall Legal and administrative information. including details of the Trustees and Hall Committee members who
served during the year. is shown in Appendix C.

Thornbury Church- 1137265
Annual Report & Accounts 2024
Church Hall - Review of Activities during 2024
The highlight of the year was the installation of solar panels by Redbridge & Sons to benefit just the hall's electricity cost.
This followed two or more years of consultation with the dI0￿Se, prospective suppliers and deliberation as to whetherthe
panels should benefit the house as well.
Majorworks contracted during the year. included the installation of new water heaters in the kitchen and disabled toilet as
well as the solar panels. During the year, a new group'sing to rememberf started using the hall, taking the number of our
regular users to 24. The Air Cadets hired the hall for 6 months whilst their premises were refurbished.
St became apparent that alcohol was being'sold" in various ways {i.e. as part of a ticket price, as part of a membership fee,
on a donation basis, or actually per drink), without the application for a Temporary Events Notice for each occasion. These
notices are restricted in number for each building. To allow our users to continue as before, a licence was necessary. Thus
a successful application was made to the authorities, for a hall premises licence to consume alcohol in the hall. The
Management Team has the responsibility to ensure our Licence regulations are being adhered to. Once the licence was
granted, the terms and conditions regarding the hall hire were amended to include the provisions of the licence and a new
Style booking form wa5 created.
To emphasise the fact that the Hall belongs to the church, the committee is ensuring that all services and other
appropriate activities are advertised on the noticeboards. Banners are also being planned. Projects for 2025 include..
Investigating the possibility of installing a water main direct to the house.
The installation of a smart meter for gas. And installation of a smart meter for our electricitv supply, to enable a SEG
payment to be claimed for our solar energy which can go to the grid. This has involved changing our current supplier.
and we will now pursue the new supplier for the necessary smart meters.
The hearing loop system may need replacing.
Review of financial activities and affairs- key points
A net operating deficit of £559 was recorded for the year as follows:
Church Hall- Deficit of £12,780 (Deficit of £8.737 in 2023)
o House- Surplus of £12,221 (Surplus of £8,377 in 2023)
Annual income from hall lettings wa5 £21,682, an increase of Il% over the previous year
17% from regular users and the balance from casual bookings).
The hire charges were increased by £1 per hour in October 2023 and again in January 2025.
Subsidies to hall users for the year were as follows:
"Charity" di5count5 amounted to £1,303 (£1,017 in 2023).
Discounts allowed to frequent hall users amounted to £3,615 (£3.486 in 2023).
Deposit interest of £1,396 being a rise of 827%, (£150 in 2023.1 The £35,000 deposit held by the PCC was transferred
to a Church of England Deposit Fund with CCL4 Investment5 at the end of 2023 to benefit from a higher rate of
interest.
The rent payable by the tenant was increased by £50 to £1,250 per month in September 2024.
Major works - The installation of the solar panels for the hall cost £13,913. The cost of the new water heater5 in the
kitchen and disabled toilet plus a new kitchen worktop was £1,678.
The administration sundry cost of £540 was for the Gazette advertisement regarding the licensing application.
The cost of gas rose by 4.5% whereas the cost of electricity was down by 16.6Yo.
Water costs were £304 compared to £393 in 2024. A saving of 22%.
The contractorfor cleaning the hall raised her prices in April 2024. The annual cost of cleaning rose by 2.8Y. This
was due to the price increase but offset by fewer hours being worked during July and August compared to 2023.
The CCLA deposit of the £36,396 has been earmarked for resurfacing the car park, and the Natwest Bank balance of
£14,933 for the replacement of hall equiprnent.
The hall committee is very grateful to Brian Knott who has been helping Angela Edwards for the last 16 years with
the hall accounts and ordering some of the hall supplie5. Brian now vrfishes to withdraw from these activities so the
hall committee are looking for someone to help Angela with the accounting element, i.e. checking invoices, paying
cash into the bank and helping prepare the annual accounts. This does not mean one has to commit16 years before
escaping. Be brave and give it a trial. The hall committee say a big 'Thank You, and wish Brian all the best.

Thornbury Church- 1137265
Annual Report & Accounts 2024
Statement Of Trustees, Responsibilities
The trustees and members of the PCC are responsible for preparing the Trustees, Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards including Financial
Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the income and
expenditure of the charity for that period. In preparing these financial statements, the trustees are required
to:
• select suitsble accounting policies and then apply them consistently;
observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial Statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue to function.
The trustees are responsible for keeping sufficient accounting record5 that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial statements.
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularitles.
Signed on behalf of the PCC trustees:
Signed.....
Narne...£E.U.b.....￿cm L￿￿￿[￿0
Date...

Thornbury Church- 1137265
Annual Report & Accounts 2024
Independent Examiner's Report
I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of Thornbury, Bristol,
registered charity no. 1137265 for the year ended 31 December 2024 which are set out on pages 9-18.
Respective responsibilities of the trustee and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider
that an audit is not required for this year under section 14412) of the Charities Act 2011 {the 2011 Act) and
that an independent examination is needed.
It is my responsibility to;
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5llb) of the 2011 Act; and
to state whether particular matters have come to my attentlon.
Basis of the independent examinerfs report
My examination was carried out in accordance with the general Directions given by the Charity Commisslon.
An examination includes a review of the accounting records kept by the charity and a comparlson of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts, and seeklng explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit and consequently no opinion
is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters
set out in the statement below.
Independent examinerfs statement
In connection with my examination, no matter has come to my attention:
(l) which 8ives me reasonable cause to believe that in any material respect the requirements:
to keep accountlng records in accordance with section 130 of the 2011 Att; and
b. to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the 2011 Act have not been met: or
(2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
May 2025
Kenneth Mitchell [qualification]
19, David's Close
Alveston, Bristol
BS35 3LR

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Thornbury Church - 1137265
Annual Report & Accounts 2024
BALANCE SHEET
3111212024
3111212023
A5at
Asat
NOTE
31n212024
3111212023
Flxgd assgts
Tangible ksets
In4esiments
210.QIJO
1.060.367
1,270,367
210.000
1.161.681
1,371,681
Currenl assets
Cash and shortTe￿n Deposits
Debtor5
325.384
35.492
360.875
433.372
3.982
437,354
10
Liabilitles
Crediiors: knounts Falling Due In Year
Prolision For Liabiliti85 knd Chargas Dua Within On8 Year
11
2,827
42,930
45,757
6,463
3,537
9,999
11
Nol curr•nt ass•t$ las S curr?nt liabllltles
700.811
427,354
Total asset• le89 current liabililie$
Llablllties
1,585,486
1,799,036
Total netassgts l•ss Ilabllllles
Roprosgntèd by
Unrèstrictèd
1,585.486
1,799,036
Unrestricled- General Fund8
12
58,845
190,633
Deslgnated
De$ignated- Designated fund
12
175,144
49,457
R88trlct•d
R¢stricled- Ngencycollection
Restricted . Bells
Restricted - Bufvjmbo
Restricted - Children and Youth Worf(
ReslTlcted - Fabric Fund incl Chancel Roor
Restricted- Hopkins Re81rfcted Resen
RèstriclÈd- Wsic incl Choir
Reslricied - Robinson Tnjst
12
620
12
1,914
8,548
24,915
52,419
689,758
8.009
303.423
1,870
8,548
26,344
12
12
12
12
658219
5,724
595,791
12
12
Endowmenl
Endowment- Hall deslgnated receip$t and
paynents
Endowment- Hall Propety
12
12
51,891
210.000
1,585.486
52,450
210,000
1,799,036
Fund Totals
Signed by:
Reverend Joy Ludlow
Priest in charge, Thornbury with St Paul's Parish
Date: ymay 2025
io

Thombury Church- 1137265
Annual Report & Accounts 2024
NOTES TO THE ACCOUNTS
1 Accounting Policies
The financial statements have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act
2011, the Church Accounting Regulations 2006 and UK Generally Accepted PractiGe as it applies from 1
January 2019.
The financial statements have been prepared under the historical cost convention except for investment assets,
which are shown at market value.
The charity is a public benefit entity.
Funds
Unrestrided funds represent the funds of the PCC that are not subject to any restrictions regarding their usé
and are available for application on the general purposes of the PCC. These include funds designated for a
particular purpose by the PCC as described at note 13.
Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or
Implied wishes of donors in so far as these are intended to be legally binding on the Trustees. The purpose of
restricted funds is described in note 13.
Endowment funds are where the capital value must be maintained, but the income generated by these funds
can be used in accordance with the restrictions associated with eaGh endowment. The church hall.is the
Endowment fund, and this is described in note 13.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do
not include the accounts of church groups that owe an affiliation to another body. nor those that are informal
gatherings of church members.
Fixed Assets
Consecrated land and buildings and rnoveable church furnishings. Consecrated and beneficed property is
excluded from the accounts by s10(2)(a) of the Charities Act 2011. The church benefits from the use of such
land and buildings but is not in direct possession of the freehold.
No value is placed on moveable church fumishings held by the church wardens on special trust for the PCC
and which require a faculty for disposal since the PCC considers this to be inalienable property. Consequently,.
all expenditure incurred during the year on consecrated or beneficed buildings and moveable church
furnishings, whether rnaintenance or improvement, is written off
11

Thornbury Church- 1137265
Annual Report & Accounts 2024
Investments
Investments are valued at market value as at 31 December.
2 DONATIONS AND LEGICIES
3V1212024
Restricted Total
350
IC4,992
26,717
9,420
4,786
Unrestricted
104,642
26,546
6,537
4,786
Planned giving (Gift Aided)
Gift Aid recoverable
Donations not Gift Aided
Church collections
Diocese contribution to life events
Legacies
Other income
171
2,883
2,673
715
52,418
55,091
715
Total Donations and Legacies
149.9x1
55.822
205,722
Prlor yoar
3VIV2023
Restricted Total
Unrestricted
99, 150
25,846
12,996
Parish Giving Scheme {Gift Aided)
Glft Aid recoverable
Donations not Gift Aided
Church col l ections
DI0￿Se contribution to life events
OtherGrants
Legacies
Other income
99,150
25,846
13,251
255
2.665
2,665
6,649
111,283
6,649
111,283
Total Donations and Legacies
263,293
3 Incom from charltable activities
3VIV2024
Unrestricted Restricted
4.861
7,597
42
Endowment
Total
5,265
7,597
1,100
21,682
Fees for weddings
Fees forfunera5s
Other fees (travel)
Church Hall rental income
1,058
21,682
Total Charltable Actlvltles
1462
2L682
Prior year
3y12n023
Unrestricted Restricted
Endowment
4,521
469
4,130
117
Total
4,990
4,130
117
19,501
Fees for weddings
Fees forfunerals
Otherfees (travel)
Church Hall rental income
19,501
Total Charitable Activities
4768
19,501

Thombury Church- 1137265
Annual Report & Accounts 2024
4 Incorrp from InvestnEnts
3U1212024
Unrestricted Restricted
Endowment
8,711
1,396
14,579
Total
18,490
14,579
' 35,441
Interest income
Property rental income
Other investment income
3,280
32, 161
Total Investment Income
11,663
40.872
15,975
68,510
Prioryear
31112/2023
Restricted Endowment
Unrestricted
9,459
Total
19,550
14,4
26,893
Interest income
Property rental income
Other investment income
14,4LX)
1,616
25,277
Total Investment Income
11,075
35,217
,551
100/0 of Hopklns Income from shares is pald out as part of Mlsslon Olsbursements.
5 Other Incon
3y1212024
Unrestricted Designated
1620
1715
Total
1,620
2,238
Oldbury share offlce expenses
Miscellaneous income
523
Total Other Income
3335
523
3858
Prforyear
3y12/2023
Unre5trirted Designated
13(M)
ioi
Total
1,3(K)
101
Oldbury share office expenses
Miscellaneous income
Total Other Income
1401
01
13

Thombury Church- 1137265
Annual Report & Accounts 2024
6 Charitable Expendilure
3111212024
Unrestrirted Designated Restricted Endowment
135
3,802
L726
267
Total
135
3.802
I,n6
1,695
C05t of generating Income Icard machlne}
Church office costs
Church flower5
Children l Youth work
Organ & piano tuninB
Cholr& muslc
Church Maintenance
St Mary's
St P3uI's
Church Running costs
St Marfs utll Itles
St Paul's utilities
St Mary's Insurance
St Paul's Insuran
Cost of upkeep of services
Lay Salaries
Church Hall expendlture
Parish Share
Minlstry Costs, Ivlcarfs expenses, subscriptlons)
Faith sharin8, events, & social
Mlsslon giving (excluding Hopklnsl
Governance, (incl Independent Exam fee I
St Mary's Re-ordering expenses
1,428
390
670
133
4.744
310
310
9.070
1,874
&5C8
589
1471
23,310
9,070
1,874
2.765
30.623
7,313
93,022
3,221
93,022
3,221
9,550
1,505
11,055
16,039
326,129
341168
Total Char(table Expendlture
170,434
14039
330,541
555,230
Piioryear
31n212023
Unrestrlrted Deslgnated Re5trlrted Endowment
218
3,706
L779
Total
218
Cost of generatlng Income Icard machlne)
Church offlce costs
Church f lowers
Children / Youth work
Organ & pianotunlng
Choir & music
Ch@t (church magazlnel
Church Maintenance
St Mary's
St Paul's
Church Runnln8 Costs
St Mary's utllltles
St Paul's utilities
St Marfs Insurance
St Paul's Insurance
Cost of upkeep of seNices
Lay Salaries
Church Hall expenditure
Parlsh Share
Ministry Costs. Ivic3rf5 expenses, subscrlptlons)
Faith sharing, events, & social
Mission giving (excluding Hopkins)
Governance, lincl Independent Exam fee I
St Mary's Re-orderingexpenses
1,779
1,410
1,202
L250
1,410
1,202
127
SLI)
1,123
21,IlXI
27,231
3,107
3,107
&816
876
8,816
876
621
744
1&880
621
744
25,995
27.296
7,115
27.296
1290
L283
1290
10.532
L430
27,418
l430
7.434
Totsl Charitsble Expendlture
7,434
34,￿1

Thombury Church- 1137265
Annual Report & Accounts 2024
7 Staff Cost and Trustee Disclosures
3111212024 3111212023
Staff Wages
National insurance and pension
Total Unrestricted
staff costs
22,262
18.512
368
23.310
18,810
Church Hall Caretaker (Endowment fund)
7,313
7,115
Clergy are paid and employed by the Diocese ol Gbucester. During 2024. the PCC employed 3 part time lay workers (2023: 3), as well
as contracting Ihe services of self￿MplOyed personnel. The church hall ako employed one part Éime d8an8r and contracted services of
self-employed personnel.
No remun8ration was paid to the members of th8 PCC (known as the charity Trustegs) during the year {2023 - Nil), No expenses were
5ncurred by trustees in the fullilmènl of their trustee obligalions.
Key managemènt personnel are comprfsed of the PCC Trustees together with the Rev. Joy Ludlow (Vicar). There were no transactions
wlth related partles during the year [check wlth the school, check re donations from Irusteesl.
Bolh churches are blessed wilh the serylces of many volunteers. boih clerical and lay capacity. It is not Possible to 8Stlmatè the
financlal value of this, but without thls Input the church would not run its full progran of worshSp and activities.
8 Fixed Assets
3111212024
31112120Z3
Land: Church Hall Land
Investments:
Hopkins Reserve CBF C of E
Hopkins General CBF C of E
Salmon Curate gift- CBF CofE Inv Shares
General Bequest Fund - CBF CofE Inv Shares
Robinson CBF ICCLAI Investment5
210,000
210,000
109,648
444,862
2,998
117,167
385 692
107,194
434,907
2,867
114,546
502 167
Total Fixed Assets
1,230.367
1,371,681
Land Is Church Hall land held in IrusL and Is held at deemed cost as it cannot be sold. Investments a￿ in CCLA inveslments, consisting
of shares in Investment Trusts. 10 /• of Hopkins share income is used for Mission.
Inveslments Movement:
3111¥2024
Unrestricted Restricted
Total
117,413
1,044,268 1,161681
Market Value as at ljanuary
Investment Income
Distributed to Church
3.279
32.161
32,160
35,440
35,440
Sales of investme nt5 during year
Unrealised Gains / (Losses)
. 130,CM])
28,686
1753
25.933
Marketvalue as at 31 December
Izo,165 940,202 ¥060,367
15

Thornbury Church- 1137265
Annual Report & Accounts 2024
Inveslment Movement:
Pfloryear
3v￿/2023
Vnre5trirted Restrlcted
70.474
953,753
Totsl
1,024.227
Marketvalue asat ljanuary
Investment Income
Distributed to Church
1,616
1.616
25,277
25,277 -
26,893
26,893
Purchases of inve5tment5 duringyear
Unrealised Gains / (Losses)
6,939
90.515
97.454
Market Value as at 31 December
117A13 1,044.268
¥161.681
9 Cash and Short-Term Deposlts
3111212024
3111212023
Bank Accounls
Natwest Number l account
Church Hall Bank Account
72,906
50,906
Total Bank accounts
87,639
68,160
Short term Investment deposlls
CBF General Purposes Deposit
Hopkins Restricted Deposit
Coventry charity deposit
Church Hall CCLA deposit fund
Robinson Restricted Deposit
Total Current Asset Investments
13,482
90,519
59,753
36,397
60,502
118,995
56,480
35,000
234,449
Withdrawals totalling £160,000 were made during the year, in support of the St Mary's rewordering project.
369,194
10 Debtors
3111212024
32,890
2,465
3,097
137
3111212023
1,568
2,413
4,029
Debtors- general
Debtor5 - Church Hall Endowment
Accrued Income (on investment deposits)
Prepayments
Total Debtors
38,769
8,010
The majority of the increased 2024 balance is due lo 8 £30.110 VAT reclaim for the St Mary's ￿-ordering project.
if

Thornbury Church- 1137265
Annual Report & Accounts 2024
re
ors
3111212024
42,390
1,903
3111212023
3,537
2,218
2,600
Creditors- general
Creditors - Church Hall Endowment
Other
Agency collections
Total Creditors
924
45,217
10,000
The majority of ltte increased 2024 balance Is due to a £25,950accTued invoices for the St Mary's rewordering project and £9,550 accrual
for mission donations.
12Movomont in Funds over year
The Funds are each explained In Note 13.
nd balan¢o6
Incomlng
Outgolng
f*lns and
Fund balonGe¥
Fund
Transfers
brought forward
Resources
Resources
Losses
Carri&d forward
General Funds:
General fvnd
79.633
177.098
170.435
30,203
2,753
58,845
Deslgnaled fvnd
160.457
523
16.039
30.203
175,144
Restrlcled Funds:
Bells Fund
1070
462
419
1,914
8ufumbo Fund
8,548
8,548
Childrgn l Youth Fund
26.344
1.429
24,915
52,419
Fabric Fund
52,418
Hopklns Restrlcted Fund
858219
20,636
1,505
12,408
689,7S8
slc Icholr Fund
5.724
3,345
1,060
8.009
Robinson fund
595.791
20237
326.129
13,525
303.423
other-poency
1.058
438
820
Restrlcted ￿nds.
Church Hall General
52.450
37.657
38216
51,891
Church Hall Property
210,000
210,DOO
Totsl Fun(ts
1.799,036
313,433
555,669
28,686
1￿85,486
17

Thornbury Church- 1137265
Annual Report & Accounts 2024
13 Funds
We operate 4 types of fund. The General Fund covers day to day income and expenditure and can be used for the
whole Parish. The Designated Fund is earmarked for major projects, while the Restricted Funds are for specific
expenditure using income raised or donated for such purpose5, as detailed in the notes. We no longer have a
"ReseNes" fund (what we used to think of as 'savings"), so we need to keep a surplus and operating balance on our
General Fund, sufficient to cover a year of salaries orthree to four months of out-golngs or any emergency that might
arise. For this reason, we now keep a balance of about £70k- £80k on the General Fund. (£58,845 at 31112124}.
General (unrestricted) Fund
Income exceeded outgoings of this fund by £6,663, similar to that in 2023. We then made a transfer to the designated
fund (see below) of £20,333, but we benefitted from a gain in investments of £2.753 this year.
Designated Fund
The Designated Fund holds our reseNes, which are available to use on any projects within the Parish at the discretion
of the PCC. The Charity Commission require us to identify possible works that wlll need doing in the nearfuture.
During 2024, we used a small amount for costs and fee5 for the re-ordering project.
The balance of designated funds has risen to £175,144. The PCC has estimated provision for forthcoming projects
across 2025and future years, with cost estlmates as follows:
St Marys Thornbury- 2024 Deslgnations
Caretaker
Youth Famlly Worker
St Paul's Fabric work
Eco church design work
Forthcorning qulnquennial atst Paul's
Total Designations
29,837
90,307
20,OCO
15,OCM)
20,C(t)
175,144
Restricted Funds
Bufumbo
There was no income on this fund during 2023. which Is for our Ilnk parlsh In Uganda. The fund Includes a legacy of
£5.000 given in 2016 from the will of the late Dr Jean Clark. We are indebted to Fiona and Ken Mitchell, who work
tirele551y to continue our active support of Bufumbo. They are working wlth the Missions Commlttee to decide how
best to spend the balance of £8,548.
Hopklns Restricted Fund
The Hopkin5 Legacy is restricted by the will of the benefactor who left it'to the PCC of St Mary'5 and St Paul's
Thornbury, to be applied both capital and income for such charitable or religious purposes in the said parish as the
PCC 5h311 in it5 absolute discretion think fit. It now stands at almost £670K. It provides dividend income of approx.
£13k per annum, IO% of which the PCC voted to be distributed in the parish a5 decided annually by the missions
committee. The remaining 90% income 15 held in the Hopkins deposit account and funds other projects and buildings
maintenance. The value of the shares increased by £12K. Our investments are administered by CCLA the Church of
England investment managers.
18

Thornbury Church- 1137265
Annual Report & Accounts 2024
Fabric Fund
The fund was generously funded in 2024 with a legacy from George Ford, with restriction5 to be'spent on the fabric of
St Mary's. The use of fabric fund is restricted, to be used solely for the fabric of St Mary's Church.
Robinson Restricted Fund
The fund was opened in June 2019, on receipt of a legacyfrom the late Nesta Robinson. It Is invested with CCL4, split
between shares and a deposit fund. The year-end balance in the deposit fund was £34K, after releasing £60k to pay
for re-ordering work in 2024. The year end valuation of the shares stood at almost £386K, again after releasing £130k
to pay for re-ordering work in 2024. This fund is also restricted under the terms of the will, to be used for the fabric of
st Mary's Church.
Music Fund
This fund holds money for the organist to use on musical matters and is funded by income from choir fees for singing
at weddings, and donations, mainly from the concert series. restarting in 2024.
Bells Fund
The Bells fund has been brought back into PCC accounts. It receives monies from wedding couples, and payments are
made from it to the ringers, as required. The current balance has been used for small repairs to the bells.
Children and Youth Fund
This will be spent on the chlldren and youth mlnistry in the parish, in accordance with a pollcy to be devlsed and
agreed with Revd Joy, £1.4k was spent in this way during the year.
Endowment Fund
St Mary's Church Hall
The Church Hall accounts form part of our church accounts. They occupy the fourth column of the receipts and
payments account 2nd the balance sheet includes their details and Sha￿ of investments. The Church Hall report is at
the end of this one and their notes appear in the "Notes to the accounts". The Hall Comrnittee, as a sub-committee of
the PCC, maintain and run the Church Hall and prepare the Hals accounts for inclusion at year end.
19

Thornbury Church- 1137265
Annual Report & Accounts 2024
Appendix A- Legal and Administrative Information
Name."
Parochial Church Council of the EcdesiastiC21 Parish of Thornbury
Location."
St Marfs is located in Castle Street, adjacent to the Castle on the edge of the
old town; St Paul's is in Hackett Lane, outside the town close to the areas of
recent housing development.
Benefice Office
St Mary's Church
Castle Street
Thornbury
Bristol BS35 IHQ
Members who served during the yearwere as follows:
Revd Joy Ludlow- priest-in-charge
Monica Mullinex- Lay Reader, ex officio
Christine Dadd- Deanery Synod representative
Mike Dennett- Deanery Synod representative and Churchwarden
Phil Jones- Deanery Synod representative
Tim Swan- Deanery Synod Representative
Robin Gupta- Churchwarden-vice-chair
Jenny Ovens - Churchwarden
Rosemary Cook
Peter Craig
James Cryer
Martin Davey
Jonathan Griffiths
Lee Halford
Denise Jones
Lizzie Jones
M ike Keavey
Roxanne Powe
Mick Spiller
Tom UshenNood
Gill Young
Secretary-Janet Gupta
Treasurer- Allstair Jenkins
The Parochial Church Council of the ecclesiastical parish of Thornbury has been
registered with the Charity Commi55ioner5 a5 registered charity
number 1137265
Ken Mitchell
Addressfor
correspondence."
PCC Members..
Ex-officio members
Status..
Independent
examiner..
Bankers..
National Westminster
5 North Walk, Yate, Bristol, BS37 4AG
20

Thombury Church- 1137265
Annual Report & Accounts 2024
Appendix B- Sub-committee5 and groups reporting to the PCC
Standing Committee
Safeguarding
Health and Safety
Missions Committee, Global and Local Concern
Church Hall Committee
Music at St Mary's
St Mary's Cleaning Team
St Mary's Flowers
St Mary's Holy Mowers
St Mary's Tower Captain and Bell Ringer5
St Paul's Flowers and Cleaning
All Age Ministry:
St Mary's All Age services
St Paul's All Age seniices
Hopscotch
Dads and Kids
Open the Book
Muddy Praise
"Chat" Parish Newsletter
Parish Communication (includes Website and Facebook)
Faith Sharing Team
Thornbury Churches Together representative
Deanery Synod
Pastoral Care including bereavement support and home Holy Communion
Environment Champions
Mothers, Union
St Mary's CofE VA Primary School
Marriage Reflection
Life Events including Bapt15m, Weddings and Funerals
Catering Team
Out and About
Sunday Lunches
Community Activities
A report of the work of these committees and associated groups is made within the Annual Review of 2024.
21

Thornbury Church- 1137265
Annual Report & Accounts 2024
Appendix C- Hall Management
Custodian Trustee:
Gloucester Diocesan Trust
Managing Trustee:
Thornbury Parochial Church Council
Hall Sub-committee:
Joint Chairmen:
Mr A Mullinex & Mrs J Geal
Treasurers:
Miss A Edwards & Mr B Knott
Secretary:
Mrs C Ball
Mrs M Stephens
Mrs H Bullock
Two Vacancies for User Representatives
{Co-opted)
Ex-officio:
Priest in Charge: Revd Joy
Church Warden: Mr5 Jovens
22