Financial Statements for the year
To 31st December 2024
For
PLYMOUTH UNITARIAN CHURCH (Charity no. 1196534)
Incorporating the funds of
PLYMOUTH UNITARIAN CHAPEL
TRUST PROPERTY
(Charity no. 217657; subsidiary charity to 1123906
above)
And
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST (Excepted Charity under Charity no. 250788) as agreed with the Charity Commission under their Uniting Direction Scheme
PLYMOUTH UNITARIAN CHURCH AND PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST
CONTENTS
Page
1 REPORT OF THE TRUSTEES – PLYMOUTH UNITARIAN CHURCH
2 REPORT OF THE TRUSTEES - PLYMOUTH UNITARIAN CHAPEL AND TRUST PROPERTY
3 REPORT OF THE TRUSTEES – TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST
4 INDEPENDENT EXAMINER’S REPORT
5 STATEMENT OF FINANCIAL ACTIVITIES – RECEIPTS
6 STATEMENT OF FINANCIAL ACTIVITIES – PAYMENTS
7 SCHEDULE OF UNITARIAN CHURCH – SUNDRY INCOME AND EXPENSES
8 STATEMENT OF FINANCIAL ACTIVITIES – SUMMARY
9 BALANCE SHEET
10 -11 NOTES TO THE ACCOUNTS
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST PLYMOUTH UNITARIAN CHURCH
REPORT OF THE TRUSTEES 31st DECEMBER 2024
The trustees present their report and accounts for the year to 31st December 2024. Plymouth Unitarian Church is a charity registered with the Charity Commission under number 1123906. The Charity is administered according to a Constitution agreed with the Charity Commission as revised in February 2010.
The object of the Charity is the promotion of religion in accordance with the principles of the General Assembly of Unitarian and Free Christian Churches as stated in the communications issued periodically to Member Congregations.
Funds: As agreed with the Charity Commission under their “Uniting Direction Scheme” Plymouth Unitarian Church is now the Reporting Charity for Plymouth Unitarian Chapel Trust (217657) which incorporates the funds of the Tavistock Abbey Chapel Trust (an Excepted Charity under Charity No. 250788). All three charities remain separate and legally distinct. This report is concerned only with the funds of Plymouth Unitarian Church. The funds of the other two charities are shown on separate reports. The trustees consider the level of funds held to be sufficient to ensure the continuing operation of the Trust. At 31st December 2024 our cash in current bank accounts and on deposit (excluding those relating to the Tavistock Abbey Chapel Trust and Plymouth Unitarian Trust) amounted to £81,927 as compared with £71,562 as at 31st December 2023.
General: the trustees in office during the year were:
Dr Christian Gossel (Trustee) ceased to be a trustee as was not re-elected at 2023 AGM, so was not a trustee for 2024; Ms Sheila Evans (Secretary) from 25th July 2021; Ms Linda Summerson (Trustee) from 23rd July 2023; Poppy Buttons (Trustee) ceased to be a trustee from 23rd July 2023; Mrs Ann Kader (Trustee) took over from 23rd July 2023 and Marianne Priest (Trustee) from 20th March 2022.
The Rev. Kate Whyman was our half time Minister during 2024 and retired at the end of 2024.
Risk: the trustees continually monitor the risk to which the Trust may be exposed and are satisfied that sufficient controls are in place to deal with any matters that might arise as a result thereof.
Signed on behalf of the Trustees by Marianne Priest Dated:
1
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST PLYMOUTH UNITARIAN CHAPEL AND TRUST PROPERTY
(Plymouth Unitarian Chapel Trust)
REPORT OF THE TRUSTEES 31st December 2024
The trustees present their report and accounts for the year to 31st December 2024.
Treville Street Unitarian Trust and Trust Property is a charity registered with the Charity Commission under no. 217657. However, under the Charity Commission’s “Uniting Direction Scheme” it is now shown as a subsidiary charity to Plymouth Unitarian Church (1123906) for the purposes of accounting. Both charities remain separate and legally distinct. The Charity is administered under a scheme agreed with the Charity Commission dated 12th October 1906.
The objects of the charity are to keep in repair and insure against fire all the buildings of the charity and to make a contribution to the salary of the minister.
The trustees may in addition use any surplus income for the maintenance of services in the Chapel.
Funds: The trustees do not believe that there are any restricted funds other than those belonging to Tavistock Abbey Chapel Trust which Treville Street Unitarian Trust and Property administers with the agreement of the Charity Commission and which are the subject of a separate Report. The trustees have designated funds for the purposes of repairs and maintenance to all the buildings of the Charity separately from general funds used chiefly for financing ministry. They consider, however, that all these funds may be used for general revenue or capital purposes.
The trustees consider the level of funds held to be sufficient to ensure the continued operation of the Trust.
At 31st December 2024 our cash in current bank accounts and on deposit amounted to £30,876 as compared to £27,895 as of 31st December 2023. General: The trustees in office during this period:
Dr Christian Gossel (Trustee) ceased to be a trustee as was not re-elected at 2023 AGM, so was not a trustee for 2024; Ms Sheila Evans (Secretary) from 25th July 2021; Ms Linda Summerson (Trustee) from 23rd July 2023; Poppy Buttons (Trustee) ceased to be a trustee from 23rd July 2023; Mrs Ann Kader (Trustee) took over from 23rd July 2023 and Marianne Priest (Trustee) from 20th March 2022.
The Rev. Kate Whyman was our half time Minister during 2024 and retired at the end of 2024.
The usual maintenance tasks were carried out, and security checks are made daily, at night, by Jerry Sibley.
Risk: the trustees continually monitor the risk to which the Trust may be exposed and are satisfied that sufficient controls are in place to deal with any matters that might arise as a result thereof.
Signed on behalf of the Trustees by Marianne Priest
Dated:
2
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST
(Comprising the Abbey Chapel Ministers Endowment Fund, 1902 And the Ford Endowment Fund for the Minister of Abbey Chapel, 1827)
REPORT OF THE TRUSTEES 31st December 2024
The Trustees present their report and accounts for the year ending 31st December 2024. The Charity is administered under a scheme agreed with the Charity Commission dated 30th December 1965 The objects of the Charity are to apply the income of the charities for the purpose of furthering the religious and other charitable work of the Unitarian and Free Christian Churches in the parish of Tavistock, and if and insofar as the said income cannot be applied in the manner aforesaid the Trustees shall apply the same for the said purpose within a radius of fifty miles of the former Abbey Chapel at Tavistock.
Funds The funds, with the agreement of the Charity Commission, are administered as Restricted Funds within the accounts of Treville Street Unitarian Chapel and Trust Property (Plymouth Unitarian Chapel Trust). The trustees consider the level of funds held to be sufficient to ensure the continued operation of the Trust. At 31st December 2024 the cash in the current bank accounts and on deposit amounted to £112,803 as compared with £99,458 at 31st December 2023.
Bankers to the charity are: CCLA Investment Management Ltd. 80 Cheapside, London EC2V 6DZ. General: The trustees in office during this year were:
Dr Christian Gossel (Trustee) ceased to be a trustee as was not re-elected at 2023 AGM, so was not a trustee for 2024; Ms Sheila Evans (Secretary) from 25th July 2021; Ms Linda Summerson (Trustee) from 23rd July 2023; Poppy Buttons (Trustee) ceased to be a trustee from 23rd July 2023; Mrs Ann Kader (Trustee) took over from 23rd July 2023 and Marianne Priest (Trustee) from 20th March 2022. The Rev. Kate Whyman was our half time Minister during 2024 and retired at the end of 2024.
Risk: the trustees continually monitor the risk to which the Trust may be exposed and are satisfied that sufficient controls are in place to deal with any matters that might arise as a result thereof.
Signed on behalf of the Trustees by Marianne Priest Dated:
3
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST COMBINED ACCOUNTS
STATEMENT OF FINANCIAL ACTIVITIES - RECEIPTS
for the year ended 31 December 2024
CHURCH FUNDS:
| CHURCH FUNDS: | ||||
|---|---|---|---|---|
| RECEIPTS | 2024 | 2023 | ||
| Church & Hall Lettings | 15,222 | 15,290 | ||
| Weekly Cash Ofertory | 1,882 | 3,534 | ||
| Planned Giving with Gift Aid Scheme | 8,063 | 9,296 | ||
| Other Donations | 10,403 | 3,705 | ||
| Western Union Grant | 4,150 | 3,500 | ||
| Cirencester Grant | - | - | ||
| General Assembly Grant | - | 2,000 | ||
| Plymouth City Council Grant | - | 1,700 | ||
| CMC Bank Interest | 1,892 | 1,301 | ||
| Fund Raising & Cause For Concern | - | - | ||
| Sundries | - | - | ||
| Project Income | 651 | 978 | ||
| Live Stream Income | - | - | ||
| Cambridge & Counties Interest | - | - | ||
| _ | __ | |||
| TOTAL RECEIPTS FOR CHURCH | 42,264 |
41,305 | ||
| PUCT FUNDS: | ||||
| Car Park Leases | 12,802 | 7,718 | ||
| Maintenance Fund/COIF Dividends | 8,751 | 8,591 | ||
| Cambridge & Counties Investment release | - | - | ||
| PUCT Bank Interest | - | - | ||
| Sundries | - | - | ||
| Cambridge & Counties Interest | - | - | ||
| __ | _ | |||
| TOTAL RECEIPTS FOR PUCT | 21,553 |
16,309 | ||
| TAVISTOCK ABBEY CHAPEL UCT | ||||
| COIF Dividends | ) | |||
| CCLA Charities Deposit Fund Interest | ) | 3,041 |
3,405 | |
| TOTAL RECEIPTS FOR ABBEY | _ . |
. _ | ||
| TOTAL RECEIPTS | 66,857 |
61,018 |
5
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST COMBINED ACCOUNTS STATEMENT OF FINANCIAL ACTIVITIES - PAYMENTS for the year ended 31 December 2024
| CHURCH FUNDS: | 2024 | 2024 | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|---|---|
| PAYMENTS | ||||||||
| Power | 4 ,897 | 3 | ,156 | |||||
| Telephone | 8 21 | 8 21 | ||||||
| South West Water | 7 95 | 7 23 | ||||||
| Printing, Postage & Stationery | 1 99 | 1 17 | ||||||
| Donations to Charities | 1 ,260 | - | ||||||
| Church Cleaning & Supplies |
1,686 | 1,916 | ||||||
| Admin expenses | 5 | ,278 | 3 | ,727 | ||||
| Publicity expenses | - | 3 21 | ||||||
| Bank Charges | 75 | 2 34 | ||||||
| Other Interest Paid - HMRC | - | 2 | ||||||
| "Cause For Concern" | - | 6 46 | ||||||
| Flowers | 21 | 8 0 | ||||||
| Repairs & Keys |
- | - | ||||||
| Entertaining Expenses | - | 4 8 | ||||||
| IT Expenses | 203 | 9 0 | ||||||
| General Assembly Expenses | - | 8 58 | ||||||
| Ministry (from Church Funds) | - | - | ||||||
| Minister Costs |
23,588 | 30,847 | ||||||
| Visiting Preachers | - | 183 | ||||||
| Hospitality & Travel | 1,104 | 323 | ||||||
| Subscriptions |
1,067 | 2,677 | ||||||
| Project Expenditure | - | - | ||||||
| Staf Training | - | 672 | ||||||
| Professional Fees | 3,125 | 3,032 | ||||||
| Legal Fees | - | 1,344 | ||||||
| Live Stream Expenses | - | 105 | ||||||
| General Expenses | 2 ,492 | - | . | |||||
| TOTAL CHURCH PAYMENTS |
46,611 | 51,921 | ||||||
| PUCT FUNDS: | ||||||||
| Repairs & Refurbishments (Incl. Gardening) | 2,738 | 2,450 | ||||||
| Safe Guarding Membership | - | - | ||||||
| Piano Tuning/Organ Report | - | - | ||||||
| Congregational & General Insurance PLC | 1,506 | 2,376 | ||||||
| Security Costs |
1,425 | 1,330 | ||||||
| General Expenses | - | - | ||||||
| Bank Charges | . |
106 | . | 81 | . |
|||
| TOTAL PUCT PAYMENTS | 5,774 | 6,237 | ||||||
| TAVISTOCK ABBEY CHAPEL UCT | ||||||||
| Bank Charges | 75 |
75 | ||||||
| TOTAL ABBEY CHAPEL PAYMENTS | 75 | 75 | ||||||
| TOTAL PAYMENTS | 52,460 | 58,233 | ||||||
| PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST 6 |
Incorporating TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST SCHEDULE OF SUNDRY INCOME AND EXPENSES for the year ended 31 December 2024
| PLYMOUTH UNITARIAN CHURCH-SUNDRY INCOME Inquirer Subs Reimbursement Subsistence Refund Gift Aid Reclaim Member Reimbursement for GA UNA Membership refund Unitarian Peace Membership refund Other Reimbursement Booklet Sale PCC Election Integra - Business Interruption Claim TOTAL PLYMOUTH UNITARIAN CHURCH-EXPENSES ANNUAL SUBSCRIPTIONS & QUOTAS General Assembly General Assembly - Additional Members Other Subscriptions Membership of Church Treasurers (ACAT) Inquirer Subscriptions Western Union United Nations Association Unitarian Peace Global Justice TOTAL |
. |
2024 - - - - - - - - - |
2024 - - - - - - - - - |
. . |
. - . . |
. |
2023 - - - - - - - - - |
. . . |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|
. |
1,015 - 10 - - - - 22 . 20 |
||||||||||
| . |
. - . |
||||||||||
| 1,067 |
7
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST COMBINED ACCOUNTS STATEMENT OF FINANCIAL ACTIVITIES - SUMMARY for the year ended 31 December 2024
| RECEIPTS Receipts from Church Funds Receipts from PUCT/Tavi-Abbey Funds PAYMENTS Payments from Church Funds Payments from PUCT/Tavi-Abbey Funds GAINS/LOSSES Church Gain/Loss During The Year PUCT/Tavi-Abbey Gain/Loss During the Year Total Gain/Loss CHURCH FUNDS Opening Bank & cash Balances Church Gain/Loss During The Year Adjustment - 2 Balance C/Fwd. To Next Year PUCT & TAVISTOCK ABBEY FUNDS Balance B/Fwd. From Last Year PUCT/Tav-Abbey Gain/Loss During the Year Adjustment Balance C/Fwd. To Next Year TOTAL BALANCES C/FWD. BANK BALANCES CHURCH: Cambridge & Counties 00060215 CAF Current Account 00070023 CAF Gold General Account Cash account PUCT: 00060022 CAF General Account 00070033 CAF Gold Extra Account 00060661 CAF Maintenance Account 00070279 CAF Gold Maintenance Account TAVISTOCK ABBEY CHAPEL 00020149 CAF Current Account 00096095 CAF Gold Account Gift Aid Reclaimable Prepayments Less: General Assembly Quota Creditor Trade Creditors Accrued Car Parking Income Wages Payable |
- |
2024 42,264 24,593 66,857 46,611 5,849 52,460 - 4,347 18,744 14,397 - 84,123 -4,347 88,470 187,013 18,744 - 205,757 117,287 - 200 5,451 . 30 5,681 50 27,472 50 48,674 76,246 50 30,82630,876 112,803 4,055 1,472 -145 - - - -1,393- |
- - |
|---|---|---|---|
| PAYE Payable | 957 | 957 | 0 | 0 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pensions Payable | . | 1,451 |
1,376 |
||||||||
| 117,287 |
102,890 | ||||||||||
| PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN | CHAPEL TRUST | ||||||||||
| Incorporating | 8 | ||||||||||
| TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST | |||||||||||
| BALANCE SHEET at 31 December 2024 | |||||||||||
| Fixed Assets | Note | 2024 | 2023 | ||||||||
| Freehold Chapel | 2 | 16,835 | 16,835 | ||||||||
| Freehold Hall | 2 | 17,429 | 17,429 | ||||||||
| Silver Plate at Valuation | 40,500 | 40,500 | |||||||||
| Tavistock Abbey Chapel Silver Plate | 3,250 | . | . |
3,250 | . | . | |||||
| 78,014 | 78,014 | ||||||||||
| Investments | |||||||||||
| C.O.I.F Charity fund Investments: | 3 | ||||||||||
| Treville Street Unitarian Chapel | 312,264 | 312,264 | |||||||||
| Tavistock Abbey Chapel | 82,921 | 82,921 | |||||||||
| 395,184 |
395,184 | ||||||||||
| 473,198 | 473,198 | ||||||||||
| Current Assets | |||||||||||
| Cash at Bank: | |||||||||||
| CHURCH:Cambridge & Counties | - | - | |||||||||
| CAF Cash Extra Current Account |
200 | 200 | |||||||||
| CAF Gold General Account | 5,451 | 9,284 | |||||||||
| Cash Account | 30 | 30 | |||||||||
| PUCT: | CAF Cash General Account | 50 | 50 | ||||||||
| CAF Gold Extra Account | 27,472 | 23,027 | |||||||||
| CAF Gold Extra Maintenance Account | 48,674 | 38,922 | |||||||||
| CAF Cash Extra Maintenance Account | 50 | 50 | |||||||||
| TAVI-ABBEY:CAF Current Account | 50 | 50 | |||||||||
| CAF Gold Account | 30,826 | 27,845 | |||||||||
| 112,803 | 99,458 | ||||||||||
| Gift Aid Reclaimable | 4,055 | 3,329 | |||||||||
| Prepayments | 1,470 | ||||||||||
| Accrued Income: | Car Parking | - | - | ||||||||
| Less Liabilities: Rent In Advance | - | - | |||||||||
| Trade Creditors | - | 145 | - | 66 | |||||||
| Wages | - | 1,393 | - | 1,207 | |||||||
| PAYE | - | 956 | - | ||||||||
| Pensions | 1,451 | 1,376 | |||||||||
| Sundry Creditors | - | - | |||||||||
| GA Quota | - | - | |||||||||
| 117,286 | 102,890 | ||||||||||
| 590,484 | 576,088 | ||||||||||
| Represented By: | |||||||||||
| General Funds - PUCT | 4 | 318,802 | 303,023 | ||||||||
| General Funds - Church | 4 | - | 88,749 | - 84,400 | |||||||
| Designated Funds | |||||||||||
| Repair Fund | 4 |
142,986 | 142,986 | ||||||||
| Minister's Housing Fund | 4 | 99,666 |
99,666 | ||||||||
| 242,652 | 242,652 | ||||||||||
| Restricted Funds | |||||||||||
| Tavistock Abbey Chapel | 4 | 117,779 | 114,813 | ||||||||
| 117,779 | 114,813 |
590,484 576,088
9
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST Note to the Accounts for the year ended 31 December 2024
Note 1 Accounting Policies
Income
Rent is accounted for when earned. All other income is accounted for when received.
Expenditure
Expenditure is accounted for when paid - full provision is made for known liabilities.
Freehold Capital
No depreciation has been provided as the site value is in excess of the book amount.
Investments
Investments are stated at market value.
Note 2 Properties
The trustees consider the market value of the freehold chapel and hall to be considerably in excess of their carrying values in the accounts. The insurance cover for re-building purposes has been set at £750,000.
| has been set at £750,000. | ||||
|---|---|---|---|---|
| Note 3 Investments |
Market Values | |||
| General Fund | 2024 | 2023 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | 81,363 | 81,363 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | 370 | 370 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | 1,582 | 1,582 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | - | - | ||
| 83,315 | 83,315 | |||
| Designated Funds - Repair Fund | ||||
| C.O.I.F Ethical Investment Fund - Income Shares | 134,960 | 134,960 | ||
| Designated Funds - Minister's Housing Fund | 93,989 | 93,989 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | ||||
| Restricted Fund - Tavistock Abbey Chapel | 82,921 | 82,921 | ||
| C.O.I.F Ethical Investment Fund - Income Shares | 395,184 |
395,184 | ||
| Note 4 Movement On Funds |
||||
| CHURCH PUCT |
TAVI- | REPAIR | MINISTER'S | TOTAL |
| ABBEY | FUND | HOUSING | ||
| CHAPEL | FUND | |||
| As at 1 January 2024 (84,400)303,023 |
114,813 142,986 | 99,666 | 576,088 | |
| Income for Year 42,264 21,553 | 3,041 - | - | 66,858 | |
| Expenditure in Year(46,611) (5,774) | (75)- | - | (52,460) | |
| Change in Investments - - | - | - | - | - |
Adjustment . . (2) - - - - (2) As at 31 December 2024 (88,749) 318,802 117,779 142,986 99,666 590,484
10
PLYMOUTH UNITARIAN CHURCH & PLYMOUTH UNITARIAN CHAPEL TRUST
Incorporating
TAVISTOCK ABBEY CHAPEL UNITARIAN TRUST
Note to the Accounts for the year ended 31 December 2024
Note 5
Fixed Assets Investments Cash at Bank and in hand Current Assets Current Liabilities - Total Net Assets |
GENERAL PUCT TAVI- REPAIR MINISTER'S TOTAL ABBEY FUND 2024 CHAPEL FUND 74,764 - 3 ,250 - - 78,014 83,315 - 82,921 134,960 93,989 395,184 5,681 76,246 30,876 - - 112,803 5 ,525 - - - - 5 ,525 1,043- - - - - 1,043 . . . 168,241 76,246 117,047 134,960 93,989 590,484 |
|---|---|