Annual Report and the Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of Bishopston and St Andrews, Bristol for the year ended 31 St December 2023
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Parish Information The Parish is part of the Diocese of Bristol within the Church of England. Our official name is the Parish of Bishopston and St Andrews, Bristol. However we operate under the name B&A Bristol. PCC members (the trustees of the parish) who served from 1 January 2023 until the date this report was approved are: Trustees Name James Stevenson Wayne Masse Jane Auld Alex Murray Wil Bevan Role Priest in char Team Vicar, Chair of PCC Warden Warden Warden (279 Project) Treasurer Warden Notes Re-elected April 2023 Joined April 2023 Stepped down from being warden in A ril 2023 Warden unlil April 2023. Then Warden wilh responsibility for 279 building project Jeremy Peters Stephen Myerscough leBr ant Claire Pen elle -scott Michael Hillman Steve Glanville Chris Rollitt Kirsten Dykes Secretary PCC Secreta Safe uardin Officer Elected April 2023 Elected April 2023 Stepped down in April 2023 Stephen Myerscough Charity registration number 1133747 Registered office B&A Church Office 279 Gloucester Road, Bristol BS7 8NY Independenl examiner Joshua Kingston Bsc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Bankers Lloyds Bank PIC Westbury on Trym Branch PO Box 100 BX1 1LT
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Objectives & Activities for the Public Benefrt The Parish of Bishopston and St Andrews has responsibility of co-operating with the clergy to promote the whole mission of the church in the ecclesiastical parish. The PCC oversees the activities of B&A Church in addilion to being responsible for the maintenance and responsibility of the parish buildings. The Parish is part of Ihe Diocese of Bristol. The Parish Vision and Stralegy is Focused upon discipleship, mission and evangelism. This is summarised in the phrase 'Following Jesus Together and Making A Difference In The Lives Of Others,. The parish values are Ihal we are a people who are all-in. fun. welcoming and submitted. (Please note that in early 2024 we revised our values and mission - more information can be found here.. htt www.babristol.or ourslor This report is a retrospective review of 2023) The slrategy is to be achieved through the growth and eslablishment of communities called Little Churches. Little Churches are the foundational structures of our church community. Little Churches are smaller groups enabling members of the church family to do life together, grow as disciples and invite others to encounter the Lord Jesus through the activities and people of the local church. We have set five standard rhythms to track and assess progress under the strategy: live, love, give, go and organise. We aim to help one another to.. live before God- love others as family- give our lives away- go and share the good news of Jesus., organise ourselves in order to enable growth. Review of Achievemenls and Performance In 2023 the PCC Focused on the completion of the sale of 160a Gloucester Road and Ihe purchase of 279 Gloucester Road as a key step in implementing ihe PCC'S building stralegy and therefore enabling the overall aims and objectives of the PCC. Alongside this the PCC continued to focus on the parish core aims and objectives as detailed in the Parish Playbook. Each version of the Playbook contains both the slandard objectives of the PCC and the current priorities as identified by the PCC working jointly with the Church senior leadership. In addition, 2023 saw the growth and expansion of the PCC'S activities under the banner 'Love Your Neighbour, as a restricted fund with the formation of 'B&A Meals, a specific activity that supports the work of other churches and groups across the city of Bristol. As you will see from the accounts. the income and expenditure for Love Your Neighbour is sizable. and so to aid careful management the Trustees took the decision to receive reports specifically on Love Your Neighbour. Little Church Establishing healthy functional missional Litlle Churches is our number one priority. Little Churches are the communities where people will discover faith and grow in faith and are our vehicles for how we make a difference in the lives of others. At the end of 2023 there were 12 Litile Churches each with a specific vision Focused on following Jesus and meeting the needs of others. A full list of Little Churches and details about their activities can be found on the church website {babristol.orgllittlechurch). In 2023 the focus of our Little Churches was on reinforcing existing groups with the addition of one new Little Church Focused on reaching young adults. Consistency in team and ministry in a number of our Little Churches meant that we saw an increased rate of engagement in the wider life of the church. Through our
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Little Churches we have seen people join Alpha Courses, attend the Focus Summer Festival and join us at Sunday Gatherings. A number of these people have come to faith in Jesus. Sunday Gatherings There are two key phrases thal we use when we think about our Sunday Gatherings, keeping the centre hot, and 'Sundays are for the mission,. Gatherings of the whole church family enable us to worship as one body. celebrate with others, share stories elc. What does il look like to ensure thal when we gather it is to truly enable discipleship and mission through our Litlle Churches? In Sepiember 2023 we transferred the Sunday Gathering from B&A St Andrew's Park to our new home at 279 Gloucester Road. This is a key development in the life of the church family, for Ihe first time since we began Little Churches we have been able to run all of our non-home based activities under one roof. In addilion, 279 affords more space for break out groups during and after Gatherings. Following ihe move, attendance across all ages has begun to grow. We have particularly noted that those who attend midweek Little Churches are more likely to attend on a Sunday as they now'know. the space in which we meet. Younger Generations The demographic of the parish and the city of Bristol is young. It is therefore important that the church reflects the demographic ofthe community it serves and seeks to reach with the good news of Jesus. After the COVID Pandemic the trustees recognised that there was a gap in the church family between youth (<18s) and those adults with young f amilies. We had previously seen this 7-8 years ago. and through prayer, faith and Ihe employmenl of Adam Smith grew our Young Adult demographic. In 2023 God has provided through generous giving £16,500 towards a Young Adult Minisler, and so in the summer of 2023 the trustees approved the appointment of a Young Adults Minister with the specific task of growing membership of B&A with ihose in their 20s and 30s. The focus of this role is on reaching young adults who are not currently part of a church family or consider themselves Christians. In Seplember a new Liltle Church, Sunday Roast, started with the express aim of reaching unchurched young adults. By the end of 2023 the group had engaged with a growing number of young adults, a number of whom were attending either Sunday Gatherings, or olher Little Churches. In addition, the church continues to place a high priority on working with children, youth and young families. The move to a new site on the Gloucester Road enables the church to think imaginatively about activities that engage and reach these demographics. A key issue for these activities is how best to resource them. The importance of safeguarding and consistency of leadership makes the recruilment of volunteers a high priorily. Currently B&A employs two part time ministers for the delivery of children's and youth work. Longer term this may require addressing in orderto grow the numbers of young people Ihe church reaches and engages with. Love Your Neighbour 2023 saw the continued growth of B&A's Love Your Neighbour Department. This Department covers both activities of B&A Little Churches and the work of B&A Meals. There are now a number of Little Churches that are engaging in supporting those in need. These cover working with refugees, local vulnerable groups, families experiencing food poverty and ex-offenders. Through these Little Churches we have seen people come to faith in Jesus and begin discipleship journeys.
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 B&A Meals began in 2022 as a way the church could support other communities across the city. B&A Meals offers free hot meals to warm spaces and other community groups. The appointment of a part time Department head and administrator has enabled this work to grow and develop. B&A Meals serves over 300 meals per week to non B&A activities, the aspiration is that this will be able to grow as new parlnerships are formed. Building Strategy In 2023 we completed the purchase of 279 Gloucester Road from Horfield Bapiist Church. At Ihe same lime Horfield Baptist Church purchased our former site al 160a Gloucester Road. This is a Iruly imaginative partnership enabling both church communities to face the fulure with confidence and assurance. 279 Gloucester Road is approx. 24,OOOsq ft encompassing a worship space, two large halls, many smaller rooms and fully equipped catering kilchen. Whilst it requires significant work over the coming years it meets the long standing parish strategy of establishing a site with space for a congregation of 400 and breakout capacity for l 00-150. In addition, it is strategically placed on a popular part of the Gloucester Road. In 2023 the PCC completed the purchase of garden land at 8 Walsingham Road and began the marketing of the same garden land. Originally the land was to be purchased from the Diocese of Bristol Board of Finance to enable building works at B8A St Andrew's Park. The purchase of 279 deemed the land unnecessary. A request was made to the Diocese not to proceed with the purchase to enable the Diocese to sell the land for maximum value and enable the parish to spend the money on 279. The Diocese declined Ihis offer. Due to the overage clause on this land, a sale has proved to be complicated, delaying necessary works at 279. In September 2023. Sunday Gatherings were moved from B&A St Andrew's Park to 279 Gloucester Road. In November 2023 the trustees approved the marketing and sale of the hall at B&A St Andrew's Park and voted to request that the Diocese of Bristol begin a deconsecration process for the church at B&A SI Andrew's Park. At the time of writing a buyer of the hall has noi yel been found. The focus of Ihe parish building strategy is in Ihe creation of one fit for purpose site at 279 Gloucester Road. Over the past number of years that has seen the sale of The Good Shepherd to Emmanuel Church and the sale of St Michael's to Horfield Baptist Church. The sale of the site(s) at St Andrew's Park will be key to the completion of this process. Finance & Operations To support the operational and financial work of the parish the PCC employs a number of staff in administralive, operational and financial roles. This is both to ensure the parish is run efficiently and effectively as well as in order to release B&A members to serve others in mission through Little Churches. The PCC set a def icit budget for 2023 with the goal of increasing both planned giving and income from hall lets. In November 2023 an annual appeal raised nearly £40,000 for the operational loss of 2023 and the annual Love Christmas campaign. In addition a significant gifl was received for B&A's mission and ministry moving forward. There is a recognition Ihat in 2024 the trustees need lo focus on growing the giving base of the church family. For a number of years the church has seen reduced income from hall lets. This is a direct resuli of increased church activities in halls and other rooms. This is expected to continue lo be the case in the coming years. A significant amount of operational time in 2023 was taken up with the move to 279 Gloucester Road. A buildings team was formed consisting of both staff and volunteers to oversee both the move and ongoing works at 279.
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Finance Review The 2023 Parish accounts reflect a number oflhemes in the life of B&A. The continued growth of B&A as a church family in giving, the continued rentals of our halls to the local community and the development of Love Your Neighbour activities as a parish. In 2023 we migrated to a new instance of QuickBooks, with a revised chart of accounls to better reflect our structure and to provide better management information for the slaff team & Trustees. Therefore notes 2-5 there is not a line by line comparalor available. In 2024 there will be line by line comparisons as we will have the data available. In 2023 regular giving from church members remained steady and was supplemented by generous one-off donations and gifts in November. In addition, there was generous giving to support the Love Christmas campaign and the work of supporting warm spaces. It is worth pointing out this yearfs accounts are Clouded by the sale of 160a, not everything on the Statement of Financial Activities is cash included in here is the accounting profil we made on selling 160a (£401 k). While this asset did help us purchase 279, as il did have significant value, we also had to hand over cash to meet Ihe asking price of 279. Therefore the following figures exclude this for consistent year on year comparatives. The total income for 2023 was £593k (2022.. £443K) excluding the sale of 160a. This included two large one offs.. a significani gift of £50k, (plus gift aid) and annual appeal income. Planned giving for 2023 was £247k (2022.. £213K) an increase of £34k 115%. Hall rental income was £35k, an decrease of 3k, in part due to the loss of 160a, but this decline was offset by increased use of the Park Site Hall at weekends, when it previously wasn'l available to be rented. £120k was raised Ihrough one off gifts and grants towards the work of Love Your Neighbour. As part of being prudent stewards we released the Restricted Richard Poor Funds, allocating them towards Love Your Neighbour, gaining match funding from the Revitalisation Trust and allowing us to employ Ron Cross. We also released the Richard's Prize Fund, which has supported the Youth budget Ihis year. We aim to carefully use and close the Sunday School fund and St Andrews Charity fund this coming year, working with Wendy Massey and the Kids team to identify impactful spending. The Finance Team recalculated the budget to reflect changes and Ihe PCC approved an amended budget at 6 months as per standard parish policy. The truslees aim to maintain free reserves within unrestricted funds at a level which equates to approximately two lo six months of unrestricted charitable expenditure, excluding parish share and 279 renovation costs. In 2023 we decided to include a f igure for expenditure under social action projects under Love Your Neighbour in case funding ever ceased, we could end the projects well, and restructure roles and support staff over a more reasonable time period. It would also allow Love Your Neighbour to take risks, and employee people on a 12 month contract when funding wasn't necessarily certain at the time of appointment. This equates to £70k to £21 Ok in unrestricted free reserves. The truslees consider that this level will provide suff icient funds to cover payments and requirements based on the current nature of expenditure. The balance held as unreslricted funds as at 31 December 2023 was £1,631k (2022.. £ 1,483k) of which £223k (2022.. £737k) are considered unrestricted free reserves. The current level of free reserves is higher than the range desired, however this balance includes the remaining funds we currently have to refurbish 279, and expect to spend £1 Ook on this within the first 6 months of 2024.
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Structure: Governance & Management The PCC is the body with the responsibility for setting the strategic direction of the parish. The members of the PCC consider the clergy to be the key management personnel. AII PCC members give of their time f reely and no lay trustee receives remuneration for Ihe role of being a Trustee. Please see the related party note for further details. New trustees receive an induction, including an outline of the role of the PCC in the life of the church and associated responsibilities. The roles of the PCC, its sub-committees, the clergy and wardens are consistenl with those set out in Canon Law and other relevant documents. PCC members are recruited for three-year lerms (excepl in the case of replacing people mid-term) on a rotating basis and are elected annually at the APCM. The PCC is served by the staff team led by the clergy. This team is both paid and unpaid. The staffteam takes responsibility for the day to day running of the parish.
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Slandard l 02: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of Ihe income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consislenlly,. obserye the methods and principles in Ihe Charities SORP,. makejudgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will conlinue in business. The truslees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the chariiy and enable Ihem 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/constitulion. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities. This annual report was approved by the Parochial Church Council and signed on their behalf by 2YL The Reverend Wayne Massey Team Vicar Chair of the PCC Date: 10 April 2024
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Independent examiner's report to the trustees of The Parochial Church Council of The Ecclesiastical Parish of Bishopston and St Andrews I report to the trustees on my examination of the accounts of The Parochial Church Council of The Ecclesiastical Parish of Bishopston and St Andrews (the Charity) for the year ended 31 December 2023. Responsibilities and basls of report As the charily trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requiremenls of Ihe Charities Act 2011 ('the Act.). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examinerfs ststement Since the Charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no malerial matters have come to my attention in connection with Ihe examination giving me cause to believe Ihat 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., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other malters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joshua Kingston Bsc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 IUR Date.. 10 April 2024
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Statement of Financial Actlvltles Year Ended 31 December 2023 Unrestricted Restricted Other Love Your Funds Nei hbour 113,115 119,580 Total Funds 2023 552,161 Total Note PCC Funds Funds 2022 Donations and legacies Charitable Activities 319,466 402,259 734 38,133 1,414 265 oiher trading activities Investments Other income Profit on Sale of 160a 34.943 2.178 3.099 401.687 34,943 2.372 4.489 401.687 194 1,390 Tolal Income 761,373 114,699 119,580 995,652 442,805 Expenditure on Charitable activities 609.997 64.188 107,449 781.634 470,256 Total Expenditure 609,997 64,188 107,449 781,634 470,256 Net gains on investments 5.779 5.779 12.355) Net income l (expenditure) 151,376 56,290 12,131 219,797 129,806) Transfers between funds 16 126.352) 2,398 23,954 Net movement In funds 125.024 58,688 36,085 219.797 129.806) Total funds at start of year 1,505.829 19,385 746 1,525.960 1,555.766 Total funds at end of year 1.630.853 78,073 36,831 1,745,757 1,525,960 The Charty has no recognised gains or losses other than the results foT the year as set out above. All of the activities of the charity are classed as continuing. The notes on pages 13 to 24 form part of these financial statements. See note I g for Fund accounting Comparatives. io
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Balance Sheet As At 31 December 2023 Note 2023 2022 Fixed Assets Tangible Assets Investments 10 1.397,076 11.581 1,408,657 768.496 605.826 1,374,322 Current Assets Debtors Cash at bank and in hand 12 4,084 12,838 358,546 156,308 169,140 362,630 Liabilities Creditors.. amounts falling due within one year (25.530) 117,508) 13 Net Current Assets 337,100 151,638 Total Assets 1,745,757 1,525,960 Funds Unrestricted Funds General funds Restricted Funds Restricted Funds 17 1,630,853 1,505,829 17 114,904 20,131 Total Funds 1,745,757 1,525,960 Notes on pages 13 to 24 form part of these financial stalements. 10 April 2024 The financial statements were approved by the Trustees on and are signed on their behalf by.. Rev Wayne Massey Wil Bevan Chair of PCC Treasurer li
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Cashflow Statement Net cash inflow from operating a1VitieS YEAR ENDED 31 DECEMBER 2023 Nole 2023 2022 Net cash inflow from operating activities 14 (161,707) 607,019 Non-operatlonal eash flows: Investlng aetl¥ltle$ Purchase of investments Sale of Investments Purchase of property. plant and equipment Investment income (590,453) 590,453 (228,880) 2,372 363.945 (252,369) 1,414 (841,408) Net cash inflow for the year 15 202,238 (234,389) Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offsel net cash outflows on any fund outside its own objects, except on special authority. In practice, this restriction has noi had any effect on cash flows for the year. Notes on pages 13 to 24 form part of ihese financial slatemenls. 12
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 1 Accountlng policles The financial staternents have been prepared in accordance with the historical cost convention {except where otherwise stated in the accounling policy note) and in accordance with the Slalement 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, and ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). and the Charitiès Act 2011. The accounts (financial statements) have been prepared io give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following Accounting 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 IFRS 102) issued in Oclober 2019 rather than the Accounting and Reporting by Charilies.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern. Income Income from donations is included in income when these are receivable, except as follows.. When donors specify that donations given to the charity must be used in future accounting periods. the income is deferred until those periods., 2. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been mel. Legacies are included on a receivable basis where charity is entitled to the income. it can be measured reliably and receipt is probable. Where legacies have been notified to the charity. or the charity is aware of the granting of probate, and the criteria for income recognition have not been met. then the legacy is not included in income but is treated as a conlingenl asset and disclosed if material. Investmenl income is included on a receivable basis. Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operalional effeiVeness. Expenditure Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. Raising Funds Raising funds expenditure include ihose costs incurred in seeking voluntary conlributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale. Charltable Actlvltles Grants awarded are allocated to charitable activities. Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless iheie are conditions which need to be met by the recipient to enable the release of subsequent years, funding. Governanee costs Governance Costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs. 13
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Allocation and apportionment costs Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other cosls, which are attributable lo more than one category, are apportioned across cosl categories on the basis of an assessment of workload carried out from time to time. Pension costs and other post-retirement benefit$ The Charity contribules lo defined contribution pension schemes. Contribulions payable lo the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate. Tangible fixed assels Fixed assets are held at cost less accumulated depreciation. Assets costing less than £2.500 are not capitalised. Depreciation is calculated so as to wrile off the cost of an asset. less its estimated ultimate residual value, over the useful life of that asset as follows.. Freehold property- over 5- 50 years,. Straight line Fixtures & fittings- over 5 years,. straight line Flxed a$$et Investments Investments are included at market value at 31 December 2023. The SOFA includes the net gains and losses arising on revaluations and disposals during the year. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due. Cash and Cash EquivaleM$ Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from ihe dale of acquisition or opening of the deposit or similar account. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reli8bly. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due. Fund Accountlng Unrestricted funds can be used in accordance with the charitable objects al the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Love Your Neighbour funds are restricted funds that can only be used in line with Love Your Neighbour activilies. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 14
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 2. Income from: Donatlons and legacies Unrestricted Restricted Total PCC Funds Other Funds Lov• Your Neighbour Funds 2023 Income From: 1000 Regular Giving - GA 1001 Regular Giving Not GA 1010 One off Giving 1015 Collections 1016 Hardship Fund - Income 1020 Love Your Neighbour 1030 Annual Appeal 1040 Gift Aid unreslricted 1041 Love Your Neighbour Gift Aid 1050 Specified Grants 1060 non Specified Grants 1120 Youth Income 1150 Young Adults income Total 212.713 34.168 6.035 120 212,713 34,168 56,110 120 471 25,269 36,407 70,919 2,584 83,975 11,566 1,109 16,750 552,161 50,075 471 25,269 7,281 29,126 17,164 53.755 2.584 83,975 11,566 1,109 16,750 113,115 319,466 119.580 Prior Year Comparative: Income from: Donations and legac5 ilnrnstrlct•d Roitrlctèd Total Funds Funds Fund# 2022 Planned gfvlng Income tax recoverab on gift aid Donations arrtl ap5 Serving Ihe city (r LFving 240.703 58.631 76.792 26.C67 240.703 58,631 76.792 26,067 402.259 402.259 3. Income from: Other trading activities Unr•strlcted Restrlctod Other Love Your Fund$ Neighbour Total Funds 2023 Totsl PCC Funds Funds 2022 I 100 Rental Incotne 34,943 34,943 All income from other trading activities in the prior year was unrestricted. 34,943 34.943 38,133 38,133 4. Income from: Other Income Unrèstrieted Rèstrictèd Love Your Neighbour Total Funds 2023 Total PCC Funds er Funds Funds 2022 1110 Other IrTrcome 1070 Fees 1090 Investment Income Sale of Land 1160 Profit on Sale of 160A Total 1,890 1,209 2.178 1,390 3,280 1,209 2,372 194 265 401,687 406,964 401.687 408.548 1,584 265 15
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 All other income received in the prior year was unrestricted 5. Expendlture on Charltable Activities Unrestricted Restricted Total PCC Funds Other Funds Love Your Neighbour Funds 2023 2107 Gatherings Hospitality 2110 Worship 2120 Gatherings 2130 Kids 2140 Youth 2150 Young Adults 2200 Little Churches (Non LYN) 2210 Alpha 3001 Parish Share 3002 Mission Partners 3010 Boxes of Hope 3011 Beyond the Gate 3013 Soul Food 3014 Ukraine Hub 3015 Warmer Spaces 3016 Love Christmas 3017 Hardship Fund 3018 LYN Shared Resources 3019 International Welcome 5000 Focus Total 2,528 1,337 2,632 206 1,583 805 2.528 1.337 2.632 1.106 3,137 805 821 638 132.000 17.229 2,064 917 2,855 14,035 4.198 11.280 839 84,089 764 4,530 287,804 900 1,554 821 638 132,000 15.839 1,390 2.064 917 2,855 14.035 4.198 11.280 839 70,497 764 40 13,552 4,530 156,322 24,033 107,449 Please note that for accounting and reporting purposes Boxes of Hope and Food Pantry expenditure are combined under Boxes of Hope. 16
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 UnrestrScted Restrleted Love Your Neighbour Totsl Support Costs PCC Funds Other Funds Funds 2023 2010 160a Heating & Lighting 2011 160a Other utilities 2012 160a R&M 2013 160a Cleaning 2020 PSC - Heating & Lighting 2021 PSC Other utilities 2022 PSC- R&M 2024 PSC - Cleaning 2030 PSH - Heating & Lighting 2031 PSH other utilities 2032 PSH- R&M 2033 PSH - Cleaning 2040 279 - Heating & Lighting 2041279 Other Utilities 2042 279 - Repairs & Maintenance 2043 279 - Cleaning 2046 279 General Consumables 2100 Independent Examiner Fee 2101 Governance Costs 2102 Office Costs 2103 Copyright licenses 2104 IT costs 2105 Central Insurance costs. non site specific 2106 Communications 2108 Occasional Offices - Verger 2109 Occasional Offices - Fees 4001 Salaries 4002 Pensions Staff and Volunteer costs Clergy Costs 5010 279 Year I costs Total Grand Total of Charitable Activity Expenditure 609,997 64,188 107,449 Key: R&M - Repairs & Maintenance. PSC - Park Site Church. PSH - Park Site Hall. 3.980 432 38,654 1,686 1,800 130 3,980 432 38,654 1,686 1,800 130 10.185 948 3,509 284 661 1,498 9,718 752 5,118 5,305 1,031 2,130 57 1,514 1,096 1.339 10,185 948 3.509 284 661 1.498 9,718 752 5,118 5.305 1,031 2,130 57 1.514 1.096 1.339 4.299 2,251 6,550 3,959 22 804 127,733 3.318 3,406 3.321 240,007 453,675 3,959 22 804 140,286 3.648 3,406 3,321 240,007 493,830 12,553 330 40,155 781,634 17
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Prior Year Comparative: Expondiiurn on: Charilobl• xtivtti08 Unrèstrtctod Rastrktod Total Funds Funds Funds 2022 Grants (note 8) Ministry Parish share (noie 6) Staff refnuneration Clergy expenses Volunteer expenses Church Worship Little church ServirvJ the city Outreach Hospilality Communications Fwus Youth & thildrnn's Vrt)rk Training and resources Premises Depreciatw)n Fees Hall Support Independent examination Professional and legal costs Office and administration 16.386 16,386 130,fJYJ 132.975 130,OIXI 132,975 2.688 885 8.166 8,166 1,565 27,128 8,297 1,176 4,036 3,494 1,457 1,871 29.812 34,817 27.128 6.547 1.176 4.036 3.494 1.457 1.871 29.812 34.817 1.750 36.240 36,240 3.9iJ) 20.063 5,064 20.C63 468.506 7.750 470.256 6. Analysis of Grants 2023 2022 Diocese of Bristol Fusion (Tree of Life) TREAD Squarespace (Tre8d Website} Beloved Sixty-one One Life Embrace the Middle East Home for Good SOMA Other Total 132.000 130.000 2.500 2,900 216 2,500 2,500 2,500 120 2.500 2,741 2,500 2,500 2.500 60 2.500 4.428 650 146,386 149,229 Reconciliation of Grants Payable 2023 2022 Commitments brought forward Net Commitmenls made in the year Payments during the year Commitments carried forward 149.229 146.386 1149.229) (146.386) 18
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 7. Net income l (Expenditure) for the year 2023 2022 This is slaled after charging.. Independent examiners fee for independent examination for other services Trustees, Iravel, meeting and iraining expenses Depreciation Profil on Disposal 2.130 1,950 1,950 10,717 6,149 34.817 401,687 4,12022.. 3) Truslees have been reimbursed for iheir out of pocket travel, broadband, pasloral, hospitality and other expenses. No Trustee received any renumeralion during the year. Aggregate Donations from Trustees, key management personnel. and other related parties was £81.053 (2022.. £43.851) 8. Staff costs and Numbers UnrestrScted Restrlcted Love Your Nèighbour Totsl Totsl PCC Funds Other Funds Funds 2023 Funds 2022 Wages & Salaries Social Security Costs Pension Contributions 125,705 2,028 3,318 131,051 11,013 1,540 330 12,883 63,564 3,178 1,907 68,649 200,282 6,746 5,555 212,583 123,090 2,126 3,538 128,754 No employee received emoluments of more than £60,000. The average weekly number of employees during ihe year was 712022.. 7), calculated on the basis of average headcounl. The total employment benefits received by key management personnel including employer national insurance and employer pension were £Nil (2022.. £Nill. 9. Taxation The charity is exempt from corporation tax on its charitable activities. 19
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 10. Tanglble Flxed Assets Freehold Fixtures & Property Fittings Total Cost or valuation At l January 2023 Additions Disposals At 31 December 2023 1.243,774 1.136,894 (898.290) 1,482,378 24,826 1.268.600 1.136,894 1898,2901 1.507.204 24.826 Depreciation At l January 2023 Disposals At 31 December 2023 475,278 (389,976) 85,302 24,826 500,104 1389,976} 110.128 24.826 Netbook value At 31 December 2023 At 31 December 2022 1,397,076 768,496 1,397,076 768,496 11. Investments 2023 2022 Listed Investments At l January 2023 Additions Disposals Net gain / (lossl on revaluations At 31 December 2023 605.826 17.728 590.453 (600,024) 5,779 11,581 {2,355} 605,826 12. Debtors 2023 2022 Prepayments and accrued Income Tax reclaimable under gift aid Other debtors 5,202 5.176 2.460 12,838 4,084 4,084 13. Creditors 2023 2022 Taxalion and social security Accruals and deferred income 3,754 21,776 25,530 2,102 15,406 17.508 20
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 14 Reconciliation of net movement in funds to net cash inflow from operating a1VitieS 2023 2022 Statement of Financial Activilies.. Net movement in funds 219,797 (29,806) Investment income Depreciation (Profit)/loss on disposal of fixed assets (Gain)/ Loss on investments Increase/ Idecreasel in creditors (Increase)/ decrease in debtors (2,372} (1,414) 34,817 1401,6871 5.779 8.022 8.754 (161,707) 2.355 (10,595) 611,662 607,019 15. Analysis of changes in cash during the year 2023 2022 Change Cash in bank and in hand 358.546 156,308 202.238 2022 2021 Chango Cash in bank and in hand 156.308 390,697 (234.389) 16. Movement in Funds At1Jan 2023 Income & Expenditure gains & losses At 31 Dec 2023 Transfers Restricted Fund$ Richard's poor fund Richard's prize fund Sunday School Fund St Andrews Charity Fund PCC restricted YoLJng Adults Mission and Ministry Fund oiher Restricted Funds Subtotal Love Your Neighbour 11.362 1.616 2.395 4.012 90 388 224 290 47,755 16,750 50,000 4,981 120,478 119,580 240.058 {13,5521 (2.3021 1206) 2,100 298 2.413 4.302 13.315 3,062 50,000 4.981 78,073 36,831 114.904 {34,440} (13,6881 19,385 746 20,131 (64,188) 1107,4491 {171,637) 2,398 23,954 26.352 Unrestricted Funds General Funds Designated Funds- LPWG-279 1,505,829 749,937 11,436 761,373 1609,997) (26,3521 1,619,417 11,436 1.630,853 1.505,829 (609,997) (26.352) Total Funds 1.525,960 1,001,431 {781,634) 1.745.757 21
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 AtlJan 2022 income & Expenditure galns & losses Transfers At 31 Dec 2022 Restricted Funds Richard's poor fund Richard's prize fund Sunday School Fund St Andrews Charity Fund Buildings programme fund Love Christmas Soul Food Other Restricted Funds 12.856 1.828 3.044 4.012 242,280 {1.494) 1212) 1649) 11.362 1,616 2,395 4,012 (242,280) 1,750 746 (533,748) {4,105) (773,532) {1,750) 746 533,748 797,768 20,131 Unrestrlcted Funds General Funds 757,998 757,998 442,805 442.805 (468,506) {468,506) 773,532 773,532 1,505,829 1,505,829 Total Funds 1.555,766 442.805 {472,611) 1,525,960 Richard's Poor Fund The Richard's Poor Fund is to be allocated at the discretion of the wardens and clergy for needy parishioners. Richard's Prize Fund The Richard's Prize Fund is to be allocated at ihe discretion of the Sunday School Leaders. The fund is for the benefit of members of St Michael and All Angels or Church of the Good Shepherd who have attended each Sunday School Leaders. The prize is awarded to young people who are between 15 and 17 on the Advent Sunday on which the award is made. Sunday School Funds The Sunday School Funds are allocated at discretion of the Sunday School Leaders to young people within St Michael and All Angels who are showing promising churchmanship. St Andrew's Charity Fund The St Andrew's Charity Fund is to be used for the religious education of the children of the parish of St Andrew's. Love Your Neighbour This fund is the reserves of all our activities we run under the Love Your Neighbour banner. This includes B&A Meals. Soul Food, Beyond the Gate, Ukraine Hub and more. PCC Restricted This is funds received from the Annu81 Appe81 in 2023. Young Adults This fund is to be allocated towards the cost of employing a Young Adults Minister. and Ministry Costs. Mission and Ministry Fund This was set up in response to a generous 50k gift. It is for the Mission and Ministry of B&A (Excluding Love Your Neighbour) where the need is greatest. Spend from this fund is proposed by the Department heads, and approved by PCC. We expect to spend most of this fund in 2024 as we invest in mission and ministry while growing into 279. 22
Parochlal Church Councll of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 Designated LPWG - 279 This fund holds any income from our VAT claims to the Listed Places of Worship scheme. Due to 279 being a grade 2 listed building, we are eligible to claim back some of the VAT spent on 279's upkeep and receive it as a grant. It is to be spent on the fabric of 279. Buildings Programme Fund The buildings programme fund is for the programme works at 8 Walsingham Road. During the year the charity purchased 8 Walsingham Road with total cost of £252,369 which is reflected by the transfer from the fixed asset fund. Other Restrleted Funds Other restricled funds are the depreciated value of ihe property at 160A Gloucester Road and the remaining funds available for outreach programmes including Love Christmas and Soul Food. In 2023 Love Christmas and Soul Food remaining funds would be accounted for as part of Love Your Neighbour. The PCC recognised thal on detailed inspection of records as part of preparation for 2023 accounts. £26,352 that was previously accounted for as unrestricted funds in 2023 was for Love Your Neighbour activities and the Poor Funds. It there therefore transferred the funds. 17. Analysis of net assets between funds Restricted Funds Unrestricted Funds Total 2023 Investments Tangible fixed assets Other net assets 11.581 11,581 1.397,077 337,09g 1,745.757 1.397,077 233,776 1,630.853 103,323 114,904 Restricted Funds 15,373 Unrestricted Funds 590,453 768,496 146,880 1.505.829 Total 2022 Investments 605,826 768,496 151,638 1,525,960 Tangible fixed assets Other net assets 4,758 20,131 18. Related party transactions There are no Iransactions wilh trustees or oiher related parties other than ihose disclosed as required by the SORP elsewhere in ihe financial statements. 23
Parochlal Church Counell of the Eceleslastlcal Parlsh of Blshopston and St Andrews, Brlstol. Year Ended 31 December 2023 19. Statement of Financial Activities comparative figures Unrestrlcted Unrestrlct¢d Total Funds Funds Funds 2022 Income from: t>onations *acles Charrlable adivities Other trading adNMes Investment5 Other tre 402.259 734 38,133 1.414 265 402.259 734 38,133 1,414 265 Total Income 442.805 442.805 Exponditurn on: Charrlable aclt¥ieS 468,506 1.750 470,256 Total oxpondllurn 468.506 1.750 470.256 Nel gains on Inveslments (2.355) (2,355) Nel Incomel(expendlture) 125,701) (4,105) (29,806) Transfers bewn funds 773,532 (773.532) Not movomont In fvnd$ 747.831 1777,637) (29,806) Total funds al •tsrt of yur 757.998 797,768 1,555.766 Total lunds al ènd of y 1,505.829 20.131 1,525.960 24