THE THISTLETHWAYTE
SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Charity No. 900295
Azets
Third Floor, Gateway House, Tollgate
Chandlers Ford, Hampshire, S053 3TG,
023 8024 7070
Page 1

THE THISTLETHWAYfE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Independentexaminers. reportto the Trustèes
I report on the accounts of the Trust for the year ended 31st March 2025, which are sel out on pages
3tts7.
Responsibilities and basis of report
As the charity's Iruslees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe Acl'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act
and in Carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm Ihal no material matters have come lo 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 charity as required by section 130 of the Act,. or
the accounts do not accord with those records
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view. which is not a maller considered as part of
an independent examination.
I have no concerns and have come across no other mallers in connection with the examination lo
which attention should be drawn in this report in order to enable a proper understanding of the
accounts lo be reached.
James Reilty, ACCA
Azots
Third Floor, Gateway House
Tollgate
Chandlers Ford
Hampshire
S053 3TG
Date..
Page 2

THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Charity No. 900295
Annual Reportfor the year ended 31st Maroh 2025
Trustees
M Bazeley Esq.
M E Thisllelhwayte Esq.
S Brocklehursl
J Dickson
E Johnson
Charitable ob-ectives
The primary objective of Ihe trust is in accord with the original Deed of Trust, and
remains the financial support of the churches in the Parishes of Southwick and
Boarhunl.
Fundin
The reconciled balance available to the Trustees al 31 st March 2024 was £1,527,630.
This has now been reduced as expenditure exceeded Ihe income for the year lo 31 sl
March 2025 amounting to £51,280. After adding the capital loss for the year the tolal
fund available lo carry fO￿ard to 2025126 amounts to £1,460,868.
Public benefit
The Irustees have given due regard to public benefit when planning the Charity's activities
in accordance with the Charity Commission's General Guidance on Public Benefit.
Chan
e of trustees
Nèw trustees may be appointed al any lime
by the continuing or retiring Trustees or
by a resolution of a meeting of the Trustees provided Ihal a memorandum
thereof shall be signed and sealed by the person presiding at such meeting and
attested by two other persons present at the meeting.
If the total number of Trustees following such appointment shall exceed three then such
appointment shall require the wrilten consent of the Founder. The power of appointing a new
trustee in the place of the settlor is also vesled in the Founder.
Structure Governance and Mana
ement
The charity is a trust. The governing document is a trust deed.
Financial results for the Year
Expenditure and grants from the charity are comparable to prior years.
Direct expenditure continued to be high due lo the repairs continuing on the church.
The Trustees continue their policy to build up as greal a cash balance as possible so as
to be able lo contribule substantially to repairs and to fund the Chaplain's Stipend and
olher Church costs. The policy was reconfirmed by the Trustees on
. when the accounts were approved.
E Thistlethwayte
Page 3

THE TH1STLETHwA￿E SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
ststement of Financial Activities for the Year to 31st March 2026
Total
funds
2025
Total
funds
2024
Unrestricted
Funds
Unrestrieted
Funds
Income and Expenditure
Note
Donation from SouthwicklBoarhunl CC
Bank interest
Income from investments
5,451
5,451
4,153
4,153
53,811
53,811
58,517
58,517
Total Incoming Resources
59,262
69,262
62,670
62,670
Resources Expended
Direct charitable expenditure
Other expenditure
Invegtmenl management fees
99,945
2,780
7,817
9g,945
2,780
7,817
74,232
5,994
7,657
74,232
5,994
7,657
Total Resources Expended
110,642
110,542
87,883
87,883
Net Incomlnglloutgoing) Resources for the Year
{51,280)
{51,2801
126.213)
125,2131
Other recognised gain$ and losses
Gainslllossesl on investments
115,4821
115,4821
24,848
24,848
Net Movement of Funds
166,762
66,7621
365
{366)
Balance Brought FoNard at 1st Aprll 2024
1,527,630
1,527,630
1,S27,995
1,527,995
Balance Carried Forward at 31st March 2025
1,460,868
1,460,868
1,527,630
1,527,630
The notes on pages 5 10 7 fomi part of these accounts
Page 4

THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Balance Sheet as at 31st March 2025
Note
2025
2024
Fixed Assets
Investments
1,428,396
1,510,832
Current Assets
Cash at Bank and in Hand
34,032
34,032
18,070
18,070
Current Liabilities
Creditors
1,560
1,272
Net Current Assets
32,472
16,798
Net Assets
1,460,868
1,527,630
Funds
Unrestricted
1,460,868
1,527,630
The Trustees have acknowledged their responsibilities for preparing accounts which give a true and fair view
of the charity's activities for the year then ended in accordance with applicable accounling standards and the
Charities Statement of Recommended Practice (FRS102}.
Approved by the Board of Trustees and signed on its behalf
.Trustee
Date:...
Page 5

THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Notes to the Accounts for the Year ended 31st March 2025
I Principal accountlng policies
Basls of accounting
The financial slalements of the Charity, which is a public benefit entity under FRS102, have been prepared in
accordance with the Charities SORP IFRS102) 'A¢￿￿ntIng and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS102)', Ihe Charities {Accounls and Reports)
Regulations 2008. the Charities Act 2011. The financial statement have been prepared under the historical
cost accounting rules wilh the exception for investments which are stated at market value.
The financial statements are prepared in sterling, which is the fundional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis.
Incoming resources
Donations are recognised in full in the Statement of Financial Activities when receivable.
Investment income is recognised when receipt is probable and the amount receivable can be measured reliably.
Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended indude
attributable VAT which cannot be recovered.
Cash at bank and In hand
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Llabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity
to expenditure.
Investments
Government stocks and other quoted securities are shown at their market value al the year end.
All gains and losses are taken to the Slalement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and opening market value
or purchase price if later. Unrealised gains and losses are calculated as the difference between market
value at the year end and the opening markel value or purchase price if later. Realised and unrealised gains
and losses are not separated in the Statement of Financial Aclivilies.
Page 6

THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Notes to the Accounts for the Year ended 31st March 2025
2 Direct charitable expenditure
2025
2024
Contribulion to Cost of Stipend and pension of Chaplain
Church repair cosls
46,280
53,665
45,131
29,101
99,945
74,232
There was no Trustees, remuneralion or reimbursed Trustees, expenses during the year (2024..
Nil).
3 Other expenditure
2025
2024
Accountant's fees
Donation
Overseas Custody Charge
1,810
940
30
1,356
4,608
30
2,780
5,994
4 Liabilities
2025
2024
Other creditor
Accrual
22
1,250
1,560
1,560
3,272
Page 7

THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT
CHURCH AND COMMUNITY TRUST
Notes to the Accounts for the Year ended 31st March 2025
5 Investments
Carrying value (market value) at beginning of year
Additions to investments at cost
Disposals at carrying value
Net gainl(loss) on revaluation
1,510,832
102,578
(169,532)
(15,482)
Carrying value (markel value) at end of year
1,428,396
Historic cost
1,167,385
The market value of the portfolio consists of:
Equity Investment Instruments
Funds & Government stock
595,903
832,493
1,428,396
The carrying value is based on the valuation as at 31 March 2025 (2024: 1,510,832)
supplied by the portfolio providers.
6 Control
The charity is under the control of the Trustees.
Page 8