FRIENDS OF CIRENCESTER PARISH CHURCH
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
REGISTERED CHARITY NUMBER 272334

FRIENDS OF CIRENCESTER PARISH CHURCH
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
OBJECTIVES AND ACTIVITIES
Thè Objects of the Charity are to assist in the care, preservation and 8domment of the Parish
Church or any other ancient and historic buildings vested in the Parochial Church Council (the
"PCC.), together with their goods and ornaments, and to assist the PCC with maintenan
and development ofthe worship and life of the Church.
ACHIEVEMENTS AND PERFORMANCE
Katrina Blundell, sister of our long-time member and friend, Rory Young has very kindly
given 2 of Rory's unfinished works to the Parish Church. The first is a three-quarters life size,
free standing, statue of St John Baptist. The second is a plaque depicting the Virgin and
Child. Both are to be completed by the sculptor James Shèpherd. Rory was a friend and
colleague of James, and so adrnired James, talent and skills that he was pleased to pass on
his studio and business to him. The plan is for the statue to be displayed on a moveable
plinth (in order for il to be moved around the GhurGh as appropriate) and the plaque fixed into
the wall of the Lady Chapel. We hope thal the statue may be complete by the AGM and
Patronal Festival in June. Members of the Friends were invited lo a Reception in the church
in October, when James gave an interesting talk about his friendship and work with Rory and
how he plans to complete the works.
The Friends are delighted to have been able to help the new Guidebook Project. The project
was made possible by the vision and enthusiasm of Colin Mccorquodale and the financial
support of The Mccorquodale Family Trust. The Guidebook was designed, and many of the
photographs taken, by Ziggurat Design of Oaksey. Many other people played their part and
we all owe every one of them our gratitude.
During the year, the Friends have been pleased to support the Parish in several other ways,
including the refurbishmenl of the Church Hall kitchen at Watermoor. Perhaps the most
significant support has been the grant of £20,000 given towards the repaving and
refurbishment of the path wnning from the Market Place to the churchyard. This has been
over 3 years in the planning, under the leadership of John Tiffney and Meg Blumsom.
Without their hard work, and that of everyone else involved, this project would never have
been more than a pipe dream. The Friends are very pleased to have been able play their
part.
FINANCIAL REVIEW
The total of Funds on 1 January 2025 was £1,034,122 (2024 £933,451). The free reserves
(total unrestricted funds excluding investments) amount to £94,705 (2023 £97,933).
During the financial year, unrestricted income was £24,588 (2023: £29,426). Restricted
income associated with the new church brochure was £6,000.
Unrestrided expenditure was higher at £27,757 (2023.. £5,021).
The Charity's results take account of unrealised profits and losses on investments held at the
end of the year. Overall, there was an unrealised gain of£103,89912023.' gain £57,907) after
the value of investments was marked to market on 31 December2024. Accordingly, the value
of investments held by the Charity increased to £938,417 on 31 December 2024. Cash held
on deposit with the Charity's bankers and at its investment manager lotalled £92,155.
Page 1

FRIENDS OF CIRENCESTER PARISH CHURCH
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
Total accumulated funds at the balance sheet date amounted to £1,034,122 {2023'. £933,451).
PLANS FOR THE FUTURE
The Friends of CirenGester Parish Church continue with the plan to increase membership lo
provide additional funding. Legacies will also be encouraged to build up capital for the future.
Applications for grants to fund projects are invited from the PCC.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Friends of Cirencester Parish Church was founded in 1976 and is registered charity
number 272334. The current trust deed was last revised in 2012 and duly registered with th8
Charity Commission.
Council
The Council is èlected lo manage the affairs of the Charity and meets on three occasions per
year. The Council shall consist of nol more than 20 or less than 18 Members, of whom the
Vicar, one ¢hurGhwarden and two other members of the PCC together with the Mayor of
Cirencester (or a representative nominated by the Mayor) sha51 be ex-officio members, the
remainder to include the Chairman, Vice Chairman and other Members of the Frrends who
shall be elected attheAnnual General Meeting to serve fortemis of three years. All Members
of Council are Trustees of the Charity.
Thè Council agrees the strategy and areas of activity for the Trust, including grant making,
investment, reseNes and risk management, policies and performance.
At the Annual General Meeting, the Members also elect an Honorary Secretary, Honorary
Treasurer and Honorary Membership Secretary who may but need nol have been elected to
the Council.
Qualificatlons
The Council keeps the skill requirements for the Trustees under review and if a Trustee
permanently retires, or additional trustees are required, the Chaimian invites prospective
appointees to attend as observers until the next Annual General Meeting. The Chairman (a
Circuit Judge) and the fomier Vice Chairman (a retired solicitor) are responsible for the
induction of new trustees which involves awareness of trustees, responsibilities, the gov6ming
document, administrative procedures, the financial statemènts and the history and
philosophical approach of the Charity.
REFERENCE AND ADMINISTRATION
The Trustees who served as full Members of Council during the year were as follows..
Elected
2023
2023
2023
2022
2024
HH Judge M Gledhill, KC (Chaimian)
Mr R R Mullings
Miss A. Anderson
Ms C Bloomer (Wardell)
Mrs S Burt
Page 2

FRIENDS OF CIRENCESTER PARISH CHURCH
YEAR ENDED 31 DECEMBER 2024
TRUSTEES. REPORT
Cllr P Coleman
Mr P J Cottey
Mr J E Franklin
MrJ Hobbs
Mr H Kennard
Mr P Kerton
The Reverend Graham Morris
Miss P Phillips
Cllr N Robbins {Churchwarden)
Mrs P Skinner
Mrs D Waddell
Mr C Woodd
Ex-officio
Ex-officio
2024
2023
2022
Ex-officio
Ex-officio
2023
Ex-officio
2024
2024
2023
In accordanc8 Wlth the trusl deed, trustees must stand for re•election after having served for
term of three years unless their appointment is ex-officio. Accordingly, Ms C Bloomer and
Mr H Kennard offer themselves for re-election at the Annual General Meeting.
FUNDS HELD AS CUSTODIAN TRUSTEE
During the year, the Charity did not hold any funds as custodian trustee.
PUBLIC BENEFIT
In planning the Charity's activities for the year, the Trustees kepi in mind the Charity
Commission's guidance on public benefit at their meetings.
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
Law applicable to charities in England and Wales requires the Truste85 to prepare financial
Statements for each financial year which give a true and fair view of the charity's financial
statements during the year and of ils financial activities at the end of the year. When preparing
the financial statement5, the Trustees should follow best practice and..
Select suitable accounting policies and then apply them consistently;
ObseNe the methods and principles set out in the applicable Charities SORP.,
Make judgemenls and estimates that are reasonable and prudent.,
State whether applicable accounting standards and statemerrts of recommended
accounting practice have been followed, subject to any departurès disclosed and
explained in the financial statements and-,
Prepare the financial statements on a going concern basis unle5S it is inappropriate
to presume Ihat the charity will continue in operation.
Page 3

FRIENDS OF CIRENCESTER PARISH CHURCH
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
The Trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at anytime the financial position ofthe charity and enable them to ensure
that the finanGial statements Gomply with the Charities Act 2011 and the provisions of the trust
deed. They are a150 responsible for safeguarding the assets of the charity and hence for
taking reasonable steps ft)r the prevention and detection of fraud and other irregularities.
Trustees, Report approved by the Trustees and signed on their behalf by..
5 April 2025
udge M Gledhill KC
Chairman
Page4

FRIENDS OF CIRENCESTER PARISH CHURCH
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF
CIRENCESTER PARISH CHURCH
I report to the Charity tru$te¢s on my exam&natioD of the accounts of the Charity for th¢ year ended
31 December 2024, whi¢h are set oiit on pages 6 to 12.
RFSPONSIBILITIF,S AND BASIS OF REPORT
As the Charity's trn5tees you are responsible for (lie preparatlon of the accounts in a¢cord3nce with the
r¢quirem¥nts olth¢ Charities Aet 2011 ('th¢A¢t').
I report in respect tsf Iny exhtnittation of the Charitys a¢¢ounts ca￿l¢d out under Section 145 of the A¢t and in
arrying out my eX￿ninatiO]7 I have followed all th¢ appllcabl¢ Directions given by the Charity Commission under
section 145(5)Ib} of tlie Act.
INDEPENDENT EXAMINER'S vfA TEMENT
J have completed my examination. J confinn that mat¢rial matters have Come to my attention in connection with
the examination giving tlle cause to believe that in material respe¢t'.
Accountiiig records were not kept in respect of th¢ Charity a5 required by Section 130 of the A¢t: or
the accounts do not accord witli t11o5c records- or
the aCCOUEils do iiot ¢oinply witli the applicable Tequirements L(m¢eming the fonn and content of accounts
set out in the Charities {AGcounts and Reports) Regulationb 2008 other than any requiremellt that th¢
c¢ounts givE a'(rne and fair view whi¢h is not a matter ¢on5idered as part of an indepeodenÈ examination.
I have no Concen￿ and have come across no other matters in Goiirection with the examination to which attention
51iould be draMryJ in this i'eport iii order to ell&blt i proper uiiderstanding of the accounts to be reached.
Benjamin Hayes Bsc FCA
W¢ni? Townsend
Cbai'iered Accoutttants
Oxford
Date..
16 May 2025
Poge 5

FRIENDS OF CIRENCESTER PARISH CHURCH
STATEIIENT OF FINANCIALACTIVITIE8
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestricted ReslrlGt8d
Fund
Fund
2023
Unrestrftted Re￿n¢t*d
Fund
Fund
Totsi
Totsl
Fund8
Note
In¢omfr &Trd •ndr*winents Irom..
Don8bon$and18ga¢l88
chan￿ble advllles
Invoslments
0th8r
g.B48
8.305
9,924
18.229
20.740
20,740
21,081
40
21.081
40
TOtsI In¢om•
39
E¥pondtturg on:
Ralslng funds
1.197
951
951
Charbi*bl8 a￿ly￿a$
23.000
7,075
30.075
5.50D
5.500
3,SBO
4,070
4,070
Totil•xp#ndithr•
021
Ne1rn￿knd gaSn81Uo9395) on Investments
Net unreal1G￿50&lns1Ik>S￿I on In¥qstrnents
10
1.018
1.018
103890
Nqt Incomel{vxpendltwv)
100.671
a2￿12
4A24
88.736
Tra￿tr b￿￿TrIUn¢8
13
1,076
8.074
13,0741
Not Incomlngl louigolngl r￿D￿r¢￿befOre cllbBr
rocogTrWgalnB and los•
IQO.671
lou￿7¢
5,988
750
86,736
N6tmov•m•nt lth lundi
710
736
Reconclllitron of fund
TOtal￿nd& bought fwrd at 1 Jonu8ry
832.451
1.OOD
9￿,451
848.465
250
,716
Totslfund•t4Ytr1•d lowyd at 31 D•¢•mb8r
1033 122
1000 1034 122
93
Th& nots$ on p*Jt$8to 12 lom part oflh8$8 8￿niS

FRIENDS OF CIRENCESTER PARISH CHURCH
BAL4NCE SHEET
AS AT 31 DECEMBER 2024
2024
Restrth
Fund
2023
Total
Fund¥
Unfyslrthd
Fund
Total
Flxwl a$80ts
Investments
838,417
938,417
834.518
Debtors
Cash on dpposit
Cosh Èt baftk
Totsl Current assets
6.137
5,853
250
S,387
5,853
6,337
S,333
750
11
97.543
1,0
98,543
101,586
Creditors.. arnounts falllng due within one year
12
N¢t ¢urrollt a$$
94,705
1,0
95.705
9B.933
Total aB80ts 1888 IIAbIll￿o$
1 033122
1000 1034122
• lund$ of th? Charlty..
Unftstricted
Designated
Restrictad
1,033.122
1,033,122
932,451
1,000
1,000
Total Charlty funds
13
1 033122
1 ODO 1034122
933 461
Approved by The Councll on 5 Aprfl 2025 and 8lJned on its behaw by..
MlcJ)a&l Gkdhlll
Ch¥im1011
Thè nots8 on pages 8 to 12 forrn pArt of &ttDunts

FRIENDS OF CIRENCESTER PARISH CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POUCIES
Bas18 of accountlng
The charity ctsnstrtule$ a public ben8fi1 entity 88 dgfin9d by FRS 102. Tho fin8neial 5tatèmants have begn
prepared In accordance with Accounting and Reporting by Charitie8.' Stalernenl of Recornrnended Practice
applicable lo chaith08 preparing their accounts in accord4n¢e ￿th tho FinancF81 R8porting Standard
applicable in the UK and Republic of Ireland is8ued ill October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK
General￿ Accepted A¢￿untIng Pracilce
The finanelal statèments 8re prèpared on 8 golng con¢em b8sls under the hisloTic81 Cost converrtion. Assets
and liabilities are initially Tecognised at historical cost or transaction value unless otherwise stated In the
relevant accounting poli￿ notes.
The charity has applied Update Bulletin 2 and does not indude a cash Ilow slalemenl on Ihe grounds th81
is applying FRS 102 Sectlon 1A.
FundB Structure
Fund$ held by the charfty are..
Unrestricted general fiJnds- funds whlch can be usad in accordanc& ￿th thè Charft8bl8 Objects al the
discretion of the Trustees.
Designated funds- funds allo¢8t&d by the Irustees for specrfic purposes.
Restricted fund8- fund$ which can onty be used in accordance with the instructlons of the donors lo the
Charity.
lrteomg
All Income Is recognlsed In tho StaleTnenl of Financial Actlvlties after the Charlty has entitlemènt lo the
resources, tt is certaln that the resources will be re￿iVed and the monetary value of Incomlng resources can
be measured ￿th suffldenl relfjabiltty.
Exp•ndlturo
Expeftdilure 13 Induded in the Statement of Fln8n¢lal Aclwilie8 on an accruals basis. Indussve of any Value
Added Ta
Grants payable are charged when th8 offer 18 conveyed lo the recipient except in those cases where the offer
is condltlonal. such grants being recognised as expendlture when the Conditions attaching ale fumlled.
other costs
Support costs together w￿h th8 indgpgndent exarninerfs fee have been allocated to other ¢osts.
Reall￿d galn¥ and IosBe8
All gains and losses are taken to the Statement of Fln8ncSal A¢tivtti98 as they arise. Realised galns 8nd
losses on Investmants aro ¢alcuMed as the difference be￿een sale prO￿edS and the opening market value
l¢y dale of pui¢*ase, rf lalerl. Unrealised gains and losses are calculated as thè dlffèrence be￿en the
market value al the year end and the openlng markèt value lor datè of purchase, if lalerl.
Flx•d a8set Inv•stment8
Investments are 81aled al market value as at the balance sheet dale. The Statement of Financial ACt￿￿leS
Includes the net gains and losses arislng on revaluation and disposals throughout the year.
Page 8

FRIENDS OF CIRENCESTER PARISH CHURCH
NOTES TO THE ACCOUNTS
FOR THE Y&4R ENDED 31 DECEMBER 2024
staff Costs
Th¢ Charity has no •rnploy8es.
During tho ￿ar. the Charity Trustees were rK)t paid or r8c8W any othgr benefits from ￿nployM￿nt ￿th th6 Charfty
{2023.. £nill, norwerè th8y r•imbursad 6Jq)anses the yeaT12023.. £nill.
3 Donatlons and l•ga¢t•s
2024
2023
Unrestricted..
Subscriptions
Dtynatlon5 ond kga¢l6s
2,664
2,504
Restrfct8d.'
Donalons
4 Inoomo from Charltable actlvlti
2024
2023
Income from Chmrftsble acbvitios
5 Invostm•nt Incomg
2024
2023
o￿ldendS and Interest
20.740
21,061
O Other Income
2024
2023
Interost re¢elved
40
7 ¢harltabl• actlvltl•s
2(Y24
2023
Gr￿nts from Unro$tdGted Fund5'.
Church hall kitchen
Church path project
3,000
20,OOD
23.OOD
Grants from Re8trict8d Funds..
Ngw church brochur8
Thurib
7,075
5.500
Pag9 9

FRIENDS OF CIRENCESTER PARISH CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
8 Othgr c08ts
2024
2023
Post. prfnt and $t#tlonery
Pfomotjon 8nd developrnenl
Publldty
Annual General Meellng e¥pe￿e5
Book keeplr9 charges
Examlnlng Accounlanl8' fee
Bank charoes
115
350
731
1.736
908
1,198
1.587
820
$ Flxod AB8et Inv8Stm8nts
Yearended 31
December
2024
Year ended 31
DerRtnber
2023
Quoted Inv88lmonts
Mart8t Value at 1 January
Addlllon
DlspoEal$
Net Realised Imieslmenl ILos8esl l Galns
Net Unr88llsed 5nvestment (Losses) l Galn$
834,518
776,611
11,0161
1,016
103,899
57,907
Malket value gt 31 December
938417
834,518
Hlstorical Cost al 31 Dec4mber
534,583
(Not6 conWnued¢)n rtextpap)
Page 10

FRIENDS OF CIRENCESTER PARISH CHURCH
MOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
9 Flxgd As8et Investments leontlnuèdl
Seh•dulg of Investments
Holding at
31 Dec
Marketvalue
al 31 Dec
2024
Market Value
al 31 Dec
2023
11,296 Insight Inv FDS UK Gvt ALL MAT BD P2
50.752 Janus Henderson Global Investment Preferencè & BD I Inc
16,300 NINETY-ONE Fund Managers Emerging Markgts LC Dobt
34,876 Jupiter Unil Trust Managers Strategic Bond
47,974 M & G Investment Man8gern8nl Corporate Bond
150
MaiU8nd INSTL SVC MI TwontyfouT Dynarnsc BD
600
Royal Dvlch Shell B Ord EUR 0.07
330
BHP Billiton PLC USD O.SO
375
Diago1) Ordinary GBX 28.935
6,400
ITV Ord GBP 0.10
1.833
Naoonal Grid Ord GBP 0.12431289
16.600 Invosco Fund Managers IP Income & Growth Z Inc
13.870 NINETY-ONE Fund Managers UK Equity Income
18,095 Llnk Fund Solutions Ltd LF Llndsell Training UK Eqty
24.400 MAN FD MGMT UK Ltd MAN GLG Undervalued Asset
37,125 Schroder Unit TST US EQTY INC Maxlml$8r
255
Vanguard Investrnenl¥ UK Ltd US Equlty Indgx
12,000 JP Morgan American InvgStment Trust
27
ALCON AG CHFO.04
27
Sandoz Group
135
Novartis AG CHFO.50
14,675 C8rmignac Gestn LU FP European Leader
24,627 BW Mellon Fund Nevrton Asian Inc
3,321
First State Inv GBL EMG MKTS LDRS A GBP
Woodsida Entrrgy GR ord
Ril Cap Partnèrs Ord £1
Fundsmith LLP Equity I Inc Nav
NINEfY-ONE FD MGRS Global Environment K
Pictet Asset MGMT GBL ENVIR OPPS I DY
Polar Capital Fund GBL Tech R Stg ACC
2,900
Scottish Mortgage Investrn$nl Trust Ord
12,3CM) MAN FD MGMT UK Ltd MAN GLG UKABS VAL
16,900 TRrrAX BIG 80X REI
474
ISHARES Physical M ISHS PHYS GOLD
11,525 HICL Infrastructure
11,244
26.127
9.615
27.668
16,906
14,200
14,856
6.442
9,516
4,710
17,414
48,580
19.418
31,436
40,968
29,752
94.689
135,600
1,829
884
10,547
26.519
29,477
21,482
717
27,804
30.867
15,816
18,674
92,532
27.695
21,156
22.426
19,178
13,693
11.879
25.866
10,016
28,84e
16,873
13,637
15,426
8.576
10.368
4,039
19,705
45,899
17,628
30.370
37,893
25,122
74,719
101.160
1.600
716
11,297
23,gQ4
27.878
21,258
978
25,844
27,838
14,869
15,298
66,150
21,860
18.S71
27,767
14,850
15,720
1,4(JJ
4,800
10,313
49.89
938.417
834 518
P8ge 11

FRIENDSOF CIREt4CESTER PARISH CHURCH
NOTE8 TOTHE A¢COVNTS
FOR THE YEJA ENDEDJ1 DECEMBER 2024
10 Dfflxod thM•tknv4**hwnts
2024
2023
D•thKt.. klarkotVak¥B131 OqcthThbw
R￿lE0￿G￿NIILoM)
11 otGurr•ntasB•t•
31
Dècombor
2024
At31
2023
¢ashatbJr*&dopo
250
7a0
250
750
Cu5hatbBnk&dep05R
31
D8￿mb
Al31
D•umb
20Z3
2024
A¢uua15
13 ChÈlltyFund*
TWS
larK•&t
2024
1kn0strkK9dfy￿I$
D8￿gnat•df￿Nd
ReS￿l¢ted￿md
32rtJ1
24.U8e
(27.7671
104.915
1,033,122
Imo
l.0(N)
Resklthdfund
075
1034 122
2023
UnTqStrt￿edI￿dS
D96Wt¢d
045.465
25.426
(Sm11
S7,907
3M74
932A51
25D
4.424
13.6741
blTherevMr• nDd8u*natidlUffldsd￿￿th¢wW.
t¢w¢6ènkd&m￿l¥th￿ly￿Tg donated io thB Charftyfoithe80kn pU￿￿Of￿8 T0￿rsLq￿l Prole¢i
worofthè PArf&h Qhur¢h#nd
Durfnothe yèurondgd 31 De(•M￿r2￿2fj.f2fj.80d wa9 iignsl¥Ned Immin¢ M￿¢t¢￿T￿￿$tts￿ ￿￿￿￿1*￿fUrvts.
FUthprreu￿ed w43 reCeIvedth￿W￿eY@￿seThJBrf3fj De￿L￿r202￿& 2023. llTro1tho•reL*onof th￿st8￿M•s.
and £nlll2Q23.. e 3.874, 2022.. e5,750IW4$tr8D6fgff¢dbocklQ lh• unr¢Slthd
dl £7,0750f knprothL4ry u ￿￿t￿￿(￿.£6.0uQ %¥*$Tp(*1¥¢4 iOw#lthltr*c41L
¢It9￿00¥￿e PA Ihonp&1dlMKd$tha ¢fA ￿￿TItI￿￿bI￿￿ m•moryolRoryYowg.
14 ft¢liMdpartytYffi8actsonB
Pw12

FRIENDS OF CIRENCESTER PARISH CHURCH
DIRECTORY AS AT APRIL 2025
REGISTERED CHARITY NUMBER..
272334
REGISTERED ADDRESS..
7 Dollar Slre&l
Cirencesler
Glouceslershlr
GL7 2AS
PRESIDENT..
The Earf Bathurst
VICE PRESIDENTS..
The Rl Rev BÉshop of Gloucèster
Mr P Beckerlegge
Mr K Ronaldson
Mr R Mullings
CHAIRMAN
HH Judge M Gledhill. KC
VICE CHAIRMAN
Vacant
HONORARY TREASURER
Mr J Hobb8
HONORARY SECRETARY
M188 A Anderson
HONORARY MEMBERSHIP SECRETARY
Mrs S Burt
INDEPENDENT EXAMINERS
MT Benjamin Hayes
Wenn Townsend Chartered Acc4Juntants
30 St Giles
Oxford
OX13LE
SOLICITORS
Sewell Mullings Logie LLP
7 Dollar Street
Cirencesler
Glou¢eslershir8
GL7 2AS
BANKERS
Bardays Bank plc
INVESTMENT MANAGERS
Brewn Dolphin Securities Ltd
12 Smllhfield Street
London
EC1A 9BD
P￿￿ 13