Charlty reglstratlon no: 1129554 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Admlnlstratlve offlce: Church Office Church Room8 The Avenue Combe Down BATH BA2 SEE Incumbent: Th8 Rev'd Shawn Swlnney 'Lon8dale' 81 Church Road Combe Down BATH BA2 5JJ Bankern: National Westmln8tgr Bank plc 24-25 Stall Street BATH BA11QF Independent examln•r: Matthew Small FCA Berkeley Hall Marshall Limited Chartered Accountsnts 6 Charlotte Street BATH BA12NE
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pago no 115 PCC annual report Independent examln8r'8 report Statement of flnanclal actlvltl88 Balance Sheet 9115 Note8 to the flnanclal Statements
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochlal Church Councll The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the P8rochial Church Council Powers Measure. The PCC 1$ 8 Ragisterad Charity and the PCC members are tru8tee8 for the purpo908 of charty law. The PCC ha8 the re8pon$lbility Gtroperating with the incumbent in promoting within this parish the whole mi88ion of the Church -pastoral, evangelistic, SOCI81 and ècumanical, The PCC registered with the Charity Commission on 13 May 2009. Members of the Council 8ra either ax-officio or elected by the Annual Parochi81 Church Meeting. The appendix to thi8 report Ilsts those who Sepied a8 member8 of the Council from January 2023. PCC meetings were held every two months and a Standlng Commlttee of the PCC meetlng In th8 Intervenlng months. There are 3 sub commlttea8 of the PCC to glvo greater focus; the88 are St8fflng Commltoa, Bulldlng8 Commlttoe and St8ndlng Committee, PCC member8 are re8pon8ible for making deci8ion8 on all matter8 of general conGern and importance to the parish, including dacidlng on how the fund8 of the PCC are to be inv88ted and 8P8nt. Bulldlng• The principal building8 avallable to the Church Family are: Holy Trlnliy Church, Church Road, Combe Down - consecrated 1835. The Church Room8, The Avonuo (d•dl¢atad 1928) whlch18 part of a 8eparate trust, Holy Trlnity Trust, St Andrew'8 Communlty ChurGh, Foxhlll, whlch 18 al80 part of Holy Trlnlty Trust. Th18 new Church bulldlng wa8 completed in November 201188 the final part of th8 'Rainbow Prol8Ct'. Foxhlll Community centre, Foxhlll, whlch18 part of the Eccle8la8tlcal charfty (part of Holy Trlnlty Tru8t) whlch was purcha8ed at the start of 2023, Governlng documont The charity 18 govemed by the Paroch181 Church Councll Power8 Measure (19581 as amended (See https:IlwYM.legislation.gov.uklukcnVEliz214-5131contents) and church representation rule8, whlch were updated in 2000 (8ee Publlc ben8flt The charlty ha8 due regard to the guidane8 publl8hed by the Charlty Commission on public b6nefit. Rlsk managemont The PCC member8 have a duty to Identty and revlew the ri8k8 to which the charriy Is exposed and to ensure approprlate controls are in place to provide re88onable a88uranca again8t fraud and error. Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) Revlew of the Year Combe Down PCC is proud to report that seNices In the Parlsh of Combe Down continue to flourish, and that new members are joining the church. OurAnnual Statistics for Missions return to the Church of England showed our worshipping ¢ommunity ha¥ grown from 555(2023> to 588 (2024). The u8ual sunday attendance in both Holy Trinity Combe Down and St Andrews Community Church increa88d to 295 adult8 and 100 children in 2024. (270 Adutt8 and 82 children in 2023). Holy Trlnlty Church Our seNices at 9am, 10.'45am and 8pm on Sund8y8 and 11am on Thursdays are growing. Th8 addition of a full- time Worship leader has allowed u8 to expand worship Into weekday provision and to outreach events 8uch 88 8ervice8 at our local dementla 8UPPOrt day centra. We continue to live-stream th• Sunday 8•rviGe8 for th06e who Gannot attend in person. A 8ample of our YouTube channel Showed services were viewed on average 169 times in February 2024 and in November 2024 the average was 192. 8tAndrews Communlty Church (8tACC) Th&188t year has seen continued growth at St Andrew'8. Règular attendance 18 now up at eighty a week. Particularly pleasing is the gr0h in children'8 work in our Sunday group8, although thi8 of cour88 bring8 challenges to our resourc88. The number of group8 Using both the Church and the Communlty Cantre contlnue8 to Increa88, whlch18 very excitlng. We are grateful for the donated food from local 8tores and do 6 food collectlon8 each w8ek. Th18 helped U8 to Serve approximately 5000 meals at st Andrew8 Toddler8, Foxhill Focu8 and Men'8 breakfa8ts in the year. We have over 40 diff8rant regular groups, not counting all th8 Partl8& and one-off ¢our8a8, that meat in tha building8. We were thri118d to recelve a promi88 of finan¢1818UPPOrt for Foxhill Focu8 from the local council going forward. Holy Trlnlty Chlldren's Work Thi8 year our Sunday congregation of children ha8 continued to grow, and we have topped 50 children under 11 year8 of age on a number of Sundays. We are partlcularty bles88d with babies and under 3,8, wlth 25 now registered with u8. School ministry continue8 to be strong, we regularly welcome Combe Down Prlmary School to the church, for Open the Book teaching 8V8ry Wedn88day afternoon, as well 88 for special Christmas, Easter, Harvest and end-of-term 8eNices and concerts. Recently Mulberry Park School ha8 been 8ble to 8ttend one or two events. We were excited that our church 8¢hool wa8 chosen 88 one location for the chUh of England 'Flourish' project which place8 staff into church schools to support children'8 knowledge and experl8nc8 of Chrlstl8ntty. The Thankful Thursday Service ts preschoolers and guardians h88 doubled in size thls year wlth 16 families being the average attendance. The new group for Dads and t1r children has passed the test of being wanted and needed and is beginning to grow, taking place once a month on a Saturday morning in Holy Trinity. Youth Work at Holy Trfnlty and St Andraws Holy Trinity youth met regularly on Sund8y mornings and evenings. The introduction of a w6ning Servlce allowed u8 to encourage young people to take part in both a Service and their own youth club that follows. We continued to run youth home group sessions, and this year increased from monthly to weekty sessions in term time. We plan to start an after-school Club at St Andrews replacing the Foxhill Youth Group which disbanded with the departure of the previous Youth Minister. Going forward we are looking at paylng for a detached Youth Work to be a supportive presence on the Foxhill Estate. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Icontlnued) Pastoral Our Pastoral Team is n¢)w supported by volunteer Vane$8a who is also reinvigorating the Seniors, events after our Mid-weak seNic6. Pastoral visiting for church members who are ill or in need remains a high priority. Teachlng Teaching 18 a 8ignrficant part of our church life and during the year the church ran 8everal courses. 'Hope Explored, offered an introduction to Christianity, A 'Mind of their Own, and 'Under8tanding Autism, course8 were aimed at parent8, We also ran a Bereavement course whlch was very successful and which we will run again. All these were open to member8 of the communlty as well a8 church member8. We ¢ontlnu8d to offer'Preachlng Matter8, to a Bath wlde audience and made the88 re6ourc88 publicly available via our web81te. During the year our Communications Officer began a review of the re8ource8 on our website with the aim of supporting other churche8. This remains a work-in-progres8. Traffic to our website increased In 2024 compared to 2023 with 8n increase of 9% In 81t8 8e881on8 (Total 24,988) and an Increa88 (150A) In the number of unlque visltor8 (Total 10,817). Followlng the closure of our CAP debt centre we declded to explore alternatlve ro8ource3 to enable money advlce to be offered particularly to those on Foxhill. A cour8e was identified although progress In completing and launchlng the new 8cheme h88 been 810w. Thonk8 to all th8 staff and volunta8r8 who 8nabl8d each cour88 and ovent to happen. Church Evonts Church member8 were 8UPPOrt6d though the year wlth a mlxture of 8vent8 Including four whole church lunch88 and also men only and women only events Includlng retreat time, worshlp evenings. crafting and sh8ring food together. We ran a Newcomers Cour8e to help people whojolned our church during the year, Our new member8 of staff worked hard at supporting and developing a Young Adults group. We al80 held our blgge8t event for the communlty agaln, Combe Down Fast, and actlon8 day8 on the Foxhlll estste to asslst re8ldent8 a180 continued to be a welcome outreach, Prayer We provkle In-person and online prayer groups to support and encourage people where they are. Online Prayer group8 remained active include.. Morning Prayer18 led by Rev. Chrf8 Absolon on Monday and FrKlay momlngs. Mission Prayer allows our Mi88lon partners around the world to be directly Involved In our prayer8 for them. In Person Prayer Weekly at Holy Trlnlty the '7am Prayer Group, Monthly at St Andrews the 7.30pm meeting Church Membern contlnue to have 8cceg8 to the 'Emergency Prayar Chaln, at any time. Whilst new this year we Introduced 'The Waiting Room, which offers a Space to pray for healing. Staff Changes We said goodbye to Youth Minister Stuart as he began Ordination Training and welcomed hls replacement Lois into the post. Children's Minister Claire stepped down to a part time role as she also began Ordinalion Training and took on a role with 'Flourish' see childr8n's work above. We are proud to be 8 church known for the number of people seeking ordination. Megan joined as Media and Communlcation Officer and Aine as Worship Leader, Andres took the intern placement. following tho departure of Zoe. Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Flnanclal revlew of the year Total incoming resources for 2024 were £635k, compared to £736K in 2023. Thi8 18 made up of £594k unrestricted funds and £41k restricted funds. Total expenditure for 2024 was £719k, up from £615k in 2022. This is made up of unre8triGled oxpenditure of £616k and restricted expenditure of £103k, The balance In the Unrestricted Funds at the and of 2024 wa8 £589k whlch Is a £13k decrease from £582k In 2023. The Restricted Fund reserve at the end of 2024 was £54k, down from £11 Sk in 2023. The re8eNes aro higher than planned, partly due to gain on inve8tment8 and und8r8pend in part due to vacant positions. We have also been utili8ing the 8hort-term gr8nt8 held In restrlcted r8seNe8 at the stsrt of the year which have enabled some activity to be funded- but the church will soon need to find some of this from our regular glvlng. The PCC ha8 prepared foreca8t8 which demonstrate that the exce88 reserves will be utilised in the shortlmedium term-durlng whlch we trust that we wlll continue to grow and thus be able to fund expenditure. Reserves Pollcy At the end of the year, the charity had unrestricted ¢aJh rgs•rv•J that repm88nted approxlmately 11 month8, worth of unr8strict8d expenditure on it8 actlvities ba8ed on the 2024 flgur88, although unr88tricted expenditure18 expected to be higher in 2025. The PCC members consider a target of six months expenditure to be sufficlant to avoid disruptlon to the operation of the charty in the event of a downtum In future income and have budgeted to reduce the re88Ne8 to this level over the coming year8. Concluslon It ha8 been a po8ltlve year. God18 falihful and wo have entered Into a new tlme of development acr088 the dlfferent 8ervice8 and minl$try of the churches. We prAi88 God for all Hi6 provi8ion and look foard to 2026 with expactation. Approved by the membership of the PCC o R8v Shawn Swlnney on behalf of the PCC Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) Appendlx Membershlp of tho Parochlal Church Councll The following have 8eNed as members (Trustees) of the Councll from January 2024. Clergy Rev Shawn Swinney Rev Tim Lewig Rev Dr Chr18 Ab801on R8v Katy Partridga Rev Ben Notley Malcolm Morgan Vicar, Licen8ed September 2018 Licen8ed Septamber 2021 Licensed June 2021 Licensed July 20211eft May 2024 and r6pl8ced by Llcensed February 2024 Copted 2022 Churchwarden8: Steve Machell Sally Hogg Elected 2023 Re-elected 2023 PCC Member•: John Talbot Christine Absolon Rebecca Clay Sue Dewe8 Howard Jone8 Je68ica Morr18 Keith Reynold8 Di Stubbs Richard Meryon Ro88 Patti8on-V*a Robin Swithinbank lan Bank8 Emlly Shurmer Kate Amos Treasurer co-opted 2013 Flrst elected 2023 Flrst elected 2020 Flrst elected 2020 Stood down 2024 Stood down 2024 Flr8t elected 2021 Stood down 2024 FlrBt elected 2020 Stood down 2024 First elect8d 2023 FSrst elected 2024 First elected 2024 Flr8t elected 2024 Deangry Synod Rep Chair of Building8 Committee Chalr of Stsfflng Commlttae Deanfjry and Dkxesan Synod Rep Chalr of Buildlnga Commlttee PCC SeGretary', Emlty North {non-votlng ob8erver> 8tood down February 2024 Bryony Hltchcock (non-votlng ob88Ner) elected February 2024 Page 5
INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL MEMBERS OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH I report to the charrty trustees on my axamination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 7 to 15. Responslbllltles and bas18 of report As the charity's trustees you are r6sponslble for the preparation of the accounts in accordance with the requirements of th? Charities Act 2011 ('the Act,). I report In resp¢¢t of my examination of the charty's account8 carrled out under 8ection 145 of the Act and In carrying out my examlnatlon I have followed all the applicable Directions glven by the Ch8rlty Comml88ion under 8ectlon 145(5){b) of the Act. Indapendont oxamlnerfs 8tatsm8nt Since the charity's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination be¢au8e l am a member of The Institute of Chartered Accountant8 in England and Wale8, which 18 one of the li8ted bodie8. I have completed my examln8tlon. I confirm that no m8terlal matter8 have come to my att6ntlon In connectlon wlth the examlnatlon givlng me cause to belleve that in any malerial respect: accountlng record8 were not kept in respect of the Gharlty as required by 8ection 130 of the Act,, or the accounts do not accord with th086 r6cord8; or the accounts do not comply wlth th8 applicable r6qulrement8 concamlng the forn and content of account8 8et out in th8 Charltlag (Accounts and Reports) Reoulations 2008 oth8r than any requirement th8t the accounts glve 'true and falr view, whlch18 not a matter considered a8 part of an ind8p8ndent examination. I have no concern8 and have come acro88 no other matter8 In connectlon with the examination to which attention should be drawn In th18 report in order to enable a proper understanding of the accounts to be reached. h4Lz Matthew Small FCA Berkeley Hall M8r8hall Limited 8 Charlotte Street Bath BA12NE Date: I 2Cf2% Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestrl¢tod Rostrlcted fund8 fund8 Total funds 2023 Not88 INCOME AND ENDOWMENT8 FROM: Donations and legacle8 Charltable activitie8 Investments 058,716 16,444 34,635 8,665 693,361 23,099 680,019 42,559 Totsl 635 180 EXPENDITURE ON: Charltable actlvltles Activities relating to the work of the church 618 232 102773 719 005 614 834 Totsl 616232 102 773 719 005 NET INCOMEIIEXPENDITURE) 121240 Transfer botween funds Unr•all8od galn on InvMtmont• 9,208 143 9,349 17,488 NET MOVEMENT IN FUNDS 13,136 }{ 61,340) ( 74,476) 138,728 RECONCILIATION OF FUND8 Total funds brought forward 681933 115 376 697 309 558 581 Net movement In funds ( 13,136}( 61.340)( 74,476) 138,728 TOTAL FUNDS CARRIED FORWARD 668,797 64,036 622,833 897,309 The notes fonn part of these financial statements Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 Unrestrlcted Restrlcted funds funds Total fund$ 2023 Not88 FIXED ASSETS Tangible asset8 Investments 173 012 173012 179 394 CURRENT ASSETS Debtor8 Prepayment8 C88h at bank and In hand 20,383 8,496 13,883 38,988 8,495 463 438 10,887 5,758 526 451 610899 CURRENT LIABILITIES Creditors: amount8 falling due wlthln one year 10 NET CURRENT ASSETS 395 786 527 284 TOTALASSETS LESS CURRENT LIABILITIE8 668,797 64,036 622,833 697,309 NET ASSETS 688,797 54,038 622,833 897,309 FUNDS General purpo88 fund RestriGted fund 568.797 64.036 581,933 115,376 12 TOTAL FUNDS 622,833 697,309 The financial statements were approved by the Parochial Church Council on and authorised for issue on its behalf by: and were 8lgned Rev Shawn Swinney The notes forni part of these financial statements Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN. BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIE8 Statutory Infomiatlon Tha Parochlal Church Council of tha Eccleslastical Parish of Combe Down, Bath 18 a charity registered in England and Wale8. Tho charlty's reglstered numb8r18 1129554 and its adminlstrative office is Church Offico, Church Room8, The Avenu•, Combe Down, Bath BA2 SEE. Accountlng conventlon The financial Statements have been prepared In accordance with th8 Church Accountlng Regulations 2006, th8 Charities Act 2011, the Charities SORP {FRS 102) 'Accounting and Reportlng by Charlties., Statement of Recommended Practlce appllcable to charitles and preparfng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve 1 January 2019),. Flnancial Reporting Standard 102 'The Flnanclal ReFX)rtlng Standard appllGable In the UK and Republlc of Ireland, and appllcable accounting standards. The financlal 8tatements have been prepared under the historical cost convention except for the valuatlon of inve8tment a88et8, whlch are shown 8t fair value. Th8 flnancial statements Include all tran88ctlon8, 888et8 and118bllltle8 for whlch the PCC is r88pon8lble by law. They do not Include the accounts of church group8 that owe thelr maln affillatlon to another body, nor do those that ere infomial gathering8 of church mèmber8. Incomlng rQu0• All Incomlng r88ource8 are Included on the Statement of Flnanclal Activltles when tho charlty 18 18gally entltled to the income and the amount can ba quantrfi8d wtth r8a8onable accuracy. Resources expendod Expenditure 18 accounted for on an 8ccrual8 ba818 and has been classlfied under heading8 that aggregat8 811 cost related to the category. Where c08t8 cannot be directly attributed to particular heading8 they have been allocated to activitle8 on a bas18 con818tent wlth the use of re8ource8. Tanglble flxed a8JOts Conjecrated and beneflGe propety Is not included In the account8 In acGordance w5th sgctlon 10(2)(c) of the Charitie8 Act 2011. Movable church fuml8hlngs held by the vlcar and churchwarden8 on 8pecial trust for the PCC and whlch requlre a faculty for d18pos81 are inallenable property and no value 18 placed on these within the accounts. All expenditure incurred during the year on consecrated or benefice buildings and movable Ghurch fumishing8, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. Functlonal equlpment that is used on a contlnuing basis for the worf( of the PCC 18 included in the balance Sheet. Depreciation Is provided at the followlng annual rates in order to write off each assets over its estimated useful life. Computers and office equipment Furniture and fittings Minibus - 20% on cost -10-20% on cost over 2 years The notes fomi part of these financial statements Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (contlnued) Taxatlon Tha activities of the charity fall within the exemptions 8fforded by the provi8ion8 of the Income Taxes Act 2007. Accordingly, there18 no taxatlon charge In these flnanclal statement8. Fund accountlng Unrestricted fund8 can be used In accordance wlth the charltable oblectlve6 at the dlscretlon of the PCC Member8. Restricted funds can only be u8ed for partlcular re8trlcted purpo8e$ wllhin the object8 of the charity. R88trlctlon8 8rlB8 when specified by the donor or when funds are ra189d for partlGular reStcted purpose8. Further 8xplanation of the nature and purp08e of each fund 18 included In the note8 to the financial 8tatem8nt8. Legacles Income is recognlsed on a rec8lvable ba818 when there18 8ufficlent evldence to provlde nece88ary certalnty that the legacy wlll be recelved and the value of the Incomlng re80urce8 can be measured wlth 8ufflclent rellabillty. Grants r•c•lvabl• Grants are recognlsable upon conflrmatlon of commitment for the relevant financlal year. Invostment Investments are shown at thelr falr value a8 at the end of the flnanclal year. Any galn or Ios8 on the investment is showing on tha statement of financial activitie8 under unreall8ed gainl(loss) on investments. Resarves At the end of the year, the charity ha8 unre8tricted c88h re8erve8 that rèpresented approximately eleven months of unrestricted expenditure on its aGtivitie8 and to take Into account any p088ible repair8 required to the church. The PCC Members consider a target of at least six month8 expenditure is sufficient to avoid disruption to the operation of the charity in the event of 8 downtum In future Incomo. The PCC hava detalled plan8 to utili88 the8• additional r880urce8. TRUSTEES. REMUNERATION AND BENEFITS Malcolm Morgan ha8 been employed as our minister responsible for St Andrews since September 2021. During 2022, on 13 June, Malcolm was co-opted as a trustee. Malcolm received remuneration of £30,257 and the church also provide him with accommodation in line with standard clergy accommodation provision. The t8rms of his remuneration are broadly in line with the standard Church of England clergy terms. <2023 - £26,785 and accommodation 8imilary provided). Trusteo8' expenses Trustees, expenses paid for the year endlng 31 December 2024 £1,944 (2023 - £2,157). The notes fomi part of these financi81 statements Page 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestrfcted Restricted fund8 funds Total funds 2023 DONATIONS AND LEGACIES Vicals Dlscretionary Fund Benefice Mini8try Allowance Planned glvlng Collection8 Sundry donations and other Incorne Legacies Growth grant CAP Centre Grant8 CAP Bath and Churche8 Togoth•r Keyn8ham and S8f0rd Fundralslng for Foxhlll Communlty Centre Tower Appeal St Andrew'8 Income tax recoverable 268 7,881 430,527 2,967 29,064 461,375 2,963 8.772 434 461,375 2,953 ,772 434 72,000 3,542) 7,205) 13,583 10,768 4,634 750 13,083 10,768 4,747 63,820 213 4,230 558.718 34,630 593,351 680,019 CHARITABLE ACTIVITIES Chlldren & Famllles St Andr6vI8 Youth Mi88ion Pastoral Worship Support 1,181 30 2.184 1,703 4,952 2,884 4,982 2,164 2,913 17,671 9,130 580 8,674 6,797 6,797 16,444 6,658 23,099 42,559 INVESTMENTS Interest and dlvidends 13,496 18,730 18,730 13,498 The notes form part of these financial statements Page 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unre8trlcted R¢strlcted funds funds Total funds 2023 ACTIVITIES RELATING TO THE WORK OF THE CHURCH The Vlcar'B D18cretlonary Fund Parlsh 8hare Salary c08t8 Runnlng and Admln C08t8 Children and Familias St Andrew's Youth Pastoral CAP Centre Worship Support Mission expense8 Foxhill communty c8ntr8 Tower repalr8 Professional and book-keeping Independent examine18 fee In8uranc8 200 178,990 187,577 50,548 5,690 28,491 12,542 37,126 3,278 11,948 53,341 33,764 188,266 189.606 65,732 4,726 24,871 6,347 43,566 188,266 228,359 66,546 6,494 32,475 6,347 43,556 38,763 814 1,768 7,604 19,111 66,653 5,686 13,039 3,361 1N40 924 20,035 58,653 24,670 46,964 3,351 1,440 18,985 33,926 6,551 1,440 616.232 102,773 719,006 814,834 Support CO8t8 Included within nota 8 above: Running, admin and m18C C08t8 87,847 Other 8UPPOrt CO8t8 87,847 82,644 8,551 94,663 94,663 89,195 The notes fomi part of these financial statements Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE tK)WN, BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FIXED ASSETS Tanglblo flxed a880ts Computers and offlce oqulpmont Totsl Cost as at 1 January 2024 Di8posal Co8t as at 31 December 2024 20,391 20,391 20,391 20,391 Depreciatlon a8 at 1 January 2024 Depreciation on dlsposal Depr•¢latlon 88 at 31 December 2024 20,391 20,391 20,391 20,391 Net book value 88 at 31 December 2023 Net book value a8 at 31 December 2024 INVESTMENT8 At the end of 2024, total investments comprise of 276.01 restrlcted Income Shar68 and 2298.87 unrestricted accumulatlon 8hare8 in the CBF Church of England Inve8lment Fund and 39475.77 shar88 held in the Ca8enove Charlty Sustainable Multi A88et Fund Managed by Schroder8. At 31 Decembér 2024, in tha CBF Church of England InvoJtmènt Fund, each income 8hare wa8 valuèd at 2312.27 pence- total value £6,382 (2023- 276.018hare8 total value £6.2391 and ea¢h accumulatlon share was valued at 6278.22 pence - tot81 value £144,282 (2023 share8 tot81 value- £137,274). The h18torlc cost as at 31 December 2024 was £105,000 wlth £80,000 acqulred In 2020 and a further £25,000 in 2022. At December 2024 in the Casenove Charity 8U8tainable Multi A88et Fund managed by Schroder8 each share was valued at 72.78p, total value £28,730 (2023 - 39,475.77 8hare8 totsl valua £28,531.67), The hi8tQriC Cost as at 31 December 2024 w08 £25,000 (purchased In 2023). DEBTOR8 2024 2023 Grfl aid due Other debtors 13,951 5,577 38,966 10,887 The notes fonn part of these financial ststements Page 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. CREDITORS 2024 2023 Trade creditor8 Other creditor8 Accrua18 and deferred Income 46,835 11,187 3,793 7,712 67,480 15,832 11. STAFF COST8 2024 2023 Gr088 wage8 Employels pen81on contrlbutlon8 Employeff 8 Nl 208,346 9.301 171,993 7,313 228,369 187,577 No employa8 raceived emoluments of more than £60,000 during the year. The average number of 8mploye88 In the y8ar wa8 10 (2023 - 10). 12. RESTRICTED FUNDS Balance at Incomlng Re8ource8 Balance at 01.01.2024 resource8 expended Transferi 31.12.2024 and revaluatlons Clock fund CBF Church of England Inve8tmont Albanla and other youth trlps St Andrew'8 The Vicar's Dlscretlonary Fund Bulldlng Repair Fund CAP Bath Centre The National Lottery Community fund - RC South West Reglon for CAP Bath Growth Fund Fundraising for Foxhlll Communlty Centre Tower Appeal Other 801 8,239 3,072 800 3,663 10,332 920 801 6,382 3,072 600 3,663 143 10,332 920 826 60,000 11,306 826 20,433 5,904 7,825) 19,260 39,567 18,985 23,593 13,583 16,768 11,939 17,617 115,376 41,433 102,773 64,036 The notes form part of these financial statements Page 14
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN. BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. RESTRICTED FUNDS {contlnued} The CAP Bath Centre fund 18 for the purpose of supportlng the operational cost8 of running the local Christian8 Agaln8t Povety Centre. The CAP Bath Centre was closed in the year. The Buildlng Repair fund is for the purpose of meeting relevant building repair costs, thls was fully utilised In the year on the Tower rapalrs. The fundraising for Foxhill Communty Centre r8pra8ent8 donations recelved by the PCC. The Spend represents repair worf( done. The Growih Fund repre88nt fund8 rec6iv•d In 2023 to ba u8•d on 8P8cific roles whlch have been recrulted, The T¢)wer Appeal represents fund8 raised for the repair of the tOW8r 8t Holy Trinity Comba Down. The negative funds at the year will ba covered by don2tion8 r8ceived in early 2025. Of the above funds. £6,382 relate8 to fixed a88et inve8tment8 on the balance Sheet (part of the CBF Church of Englands Inve8tment), the remainder of £47,654 18 included wtthin bank balances, credltors and debtors. 13. STATEMENT OF FINANCIAL ACTIVITIES 2023 COMPARITIVE8 Unre8trlcted Income and endowments for 2023 conslsted of £561,998 donations and legaciei, £18,641 charltable actlvltles and £13,496 Inve8tment8. Expendlture con318ted of £558,472 charltable actSvltle8. There wa8 also an unreali8ed galn on Inve8tment8 £18,947. The unre8tricted funds openlng value was £529,323 and clo88d at £581,933. Restrlcted Income and endowment8 for 2023 consl8ted of £118,021 donation8 and legaci88 and £23,918 Gharltable actvltles, Expendlture con818ted of £56,362 charitable aGtivities. There was also an unrea118ed galn on Investments of £541. Re8trlcted funds openlng value wa8 £29,258 and closed at £115,378. 14. RELATED PARTY TRANSACTIONS Katie Machell was employed as an interlm Communlcatlon8 officer from October 2023 to March 2024 (paid £1,582 In 2024). She 18 a related party as tha 8POU8e of Steve Machell, a PCC member. CONSECRATED OR BENEFICE BUILDING REPAIRS AND MAINTENANCE During the year repairs and malntenance on the church totalled £51,906, the majorty related to tower repairs. The notes form part of these financial statements Page 15