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Registered Charity No. 1134703
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW’S, CULLOMPTON
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS
| Pages | |
|---|---|
| Trustees Report | 1 – 6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Notes to the Accounts | 10 - 21 |
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2022
The Trustees of the charity submit their annual report and financial statements for the year ended 31 December 2022. The Trustees have adopted the provision of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity as well as complying with the statutory requirements of the governing document.
Legal and Administrative Information
St Andrew’s Church is situated in Church Street, Cullompton. It is part of the Diocese of Exeter within the Church of England. The charity is independently registered with the Charity Commission - number 1134703.
Registered Office
St Andrew’s Church Office, Cullompton Community Centre, Pye Corner, Cullompton EX15 1JX
Trustees - Parochial Church Council Members
Rector: Rev. Edward Hobbs Curate: Rev. Marilyn Sanders Church Wardens: Amelia Jerreat (to 19[th] June 2022 only) Joanne Bailey Ed Thompson – also PCC Lay Chair (from 19[th] June 2022) Treasurer: Chris Cozens Elected Members: Sarah Stuchbery Chris Cozens Steve Foster James Wakefield Sarah Robinson Adam Brooks Philip Cornish Judy Wincott (from 25[th] April 2022) Tony Bryant (from 14[th] November 2022) Karen Deare (from 13[th] February 2023) Deanery Synod Keith Rushforth Martin Smith Sue Risdon Ex-Officio PCC members Diocesan Synod: None Invited to attend PCC: Celia Fox (Reader)
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
Parochial Church Councils (PCCs) are charities, which are governed by two pieces of Church of England legislation, called Measures. These are:
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the Parochial Church Councils (Powers) Measure 1956 as amended. This defines the principal function, or purpose, of the PCC as “promoting in the parish the whole mission of the Church”; and
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the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
The method of appointment of PCC members is set out in the Church Representation rules. At St Andrew's the PCC comprises of the Rector, Associate Minister, Church Wardens, Curate, Deanery Synod members, “ordinary” members and any ex-officio members (such as Diocesan Synod or General Synod). The Deanery Synod members and “ordinary” members are elected by church members who are on the Church Electoral Roll. PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including how the funds of the PCC are to be spent. The PCC meets at least monthly.
The Senior Leadership Team (SLT) continue to meet tri-weekly to act on behalf of the PCC and present proposals, reviews and policies for the PCC, as a whole, to approve and ratify. The SLT comprises of the Rector, the curate, 2 Church Wardens (1 of whom is also lay chair), Treasurer, and one additional PCC member who is elected to SLT by the PCC.
The town of Cullompton is set to more than double in size by 2033 and the PCC continue to look at how we “do church” in a variety of non-church settings and in particular how we might engage with people in new community facilities.
Aims and purpose:
St Andrew's Parochial Church Council (PCC) is responsible for co-operating with the Rector, Rev. Edward Hobbs, to promote the whole mission of the church: pastoral, evangelical, social and ecumenical, in the ecclesiastical parish of Cullompton and as part of the Mission throughout the Culm Valley. It also supports work within the Cullompton Deanery and the wider mission of the Diocese of Exeter.
Objectives and activity
The objectives of the PCC are summed up in the simple words “Revealing the heart of Jesus in the heart of our community”. This underpins all our activities. The PCC, with the Rector, oversee worship throughout the parish, aiming to meet the needs of the congregations, and also reaching out intentionally into the community. As austerity continues to impact local service delivery the “gaps” are increasing, and the church has a role to play in providing support and services. The planning of activities for the year satisfied the Charity Commissioners' guidance on public benefit and specifically the guidance on charities for the advancement of religion.
In order to make all this possible the PCC continued the necessary repair and maintenance of St Andrew's Church, the Community Centre and its immediate surroundings.
In the last year we have undergone our quinquennial inspection, and now have a team who are working on prioritising the various tasks we will need to do. In the meantime we have progressed some minor repairs to the south roof lead, and a temporary repair to the tower roof (this will need more substantial work in
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2022
the future). We are also looking at an issue with one of the small pinnacles on the tower, and what we might need to do with that.
Our church architect has recently announced that she intends to resign, and we are presently drawing up a short list to replace her.
Achievements and performance
Rector Edward Hobbs worked closely with the wardens, the senior leadership team, the wider staff team and the church family to promote and deliver the objectives mentioned above. Every Sunday provided opportunities for worship, prayer and praise. We still continue to feel some of the impacts of Covid, but have now started to grow again as a church family, which is really encouraging.
During the year we held 9 infant baptisms, 1 adult baptism and 4 confirmations, 4 marriages and 2 wedding blessings, 22 funerals, of which 17 were in church. Communion was taken to a number of adults who are housebound or locally in Care Homes when restrictions allowed. Around 200 church members attend Homegroups, some weekly, some fortnightly, to socialise, enjoy suppers, pray, and study the Bible, this has increased over lockdown as people have sought out help and support.
In 2022 the Church Electoral Roll was 251. During 2022 participation was 235 adults and 54 children and young people.
Our Christmas and Easter services were all back in the building, with numbers largely back to pre-covid levels.
Youth
Our youth work is slowly recovering from Covid, with numbers steadily returning. As in many areas of church life we have continued to be hampered by a lack of volunteers, and by people changed patterns of behaviour over the last couple of years. Highlights for youth have included a weekend away in November, and joining “the Gathering” for young people across the South West. We have new patterns for meeting during the week and on Sundays.
Children and Families Ministry
Our children and families work is also slowly recovering post covid, some things recovering faster than others. Toddler group is running again weekly, as are Sunday school groups, and all-age service monthly. Assembly opportunities are back up and running in one of the town schools, as is connection into the pre-school provision. Kidzone has not returned in it’s pre-covid form, but is now a monthly event culminating in lunch (also helping us to address the out of school hunger issues)
Community engagement/local mission
Following various levels of hiatus, much of our community engagement is now back up and running. Coffee morning – every Friday – now also serving a community walking group. This has been followed in winter months by a soup lunch, seeking to serve those in food poverty and those needing a warm space. Silvertops – meeting fortnightly – over 60's social and activities.
Keystone – work group, job club, women’s group, life group are all back up and running, with more than 60 people engaging with keystone in the last year. After a large funding bid was secured a couple of years ago, we are now looking to draw in new funds as that money depletes, and also to increase the staff hours. People Matter – the food bank continued to function throughout, and continues to be well used. Debt centre – we now also operate a debt centre in partnership with CHAT.
YMCA chaplaincy – we have recently had the opportunity to start doing some chaplaincy into a couple of hostels in and near Cullompton.
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The Alpha Course - has taken place again, and we are presently running a large group, in person rather than online.
Global Mission
St Andrew's continues to give away 10% of its gifted income to support mission activities which is managed by an Outward Giving Team. We give to local, national and international charities, with a particular focus on forging longer term relationships with these groups.
Church Building
The church continues to be open daily for a steady stream of visitors, and people wanting space for quiet and prayer, we have paused our midweek service on Wednesdays, as numbers had fallen away. Works continue to need to be done, as mentioned above.
Cullompton Community Centre
St Andrew’s Church owns the building of the Cullompton Community Centre, located in the church grounds. The building is leased to Cullompton Community Centre (Operations) Limited, a wholly owned trading subsidiary company of St Andrew’s. The company shares are held in trust by the Church Wardens, who at the year-end were E Thompson and J Bailey. The long-term aim is for profits from this company to be used to maintain and improve the building and to be donated as revenue for St Andrew’s Church. As was reported last year, due to COVID-19, the centre went through a complete restructure. Business is now building back well, and the new board and staff are working really hard.
Financial Review:
Total receipts of Unrestricted Funds amounted to £257,412 which is an increase from the £250,088 received in 2021. During 2022 a further £380 (2021 £7,509) was received towards Designated Funds. Restricted income amounted to £46,489 (2021; £29,425) and our total for 2022 was £304,281 (2021 £287,022). This shows an increase of £17,259.
Total expenditure for Unrestricted Funds was £262,927 (2021: £254,594). After transfers between funds the General Fund shows a deficit of £33,527. Designated Funds has a surplus of £1,069 and Restricted Funds a surplus of £6,845 for the year. Total expenditure for 2022 was £329,894 (2021 £321,237) showing an increase in expenditure of £8,657 over 2021.
The final figure for 2022 is a deficit of £25,613 to come out of our reserves. (2021 deficit £34,215)
The transfers between funds include a sum of £22,150 to the PCC Designated Outward Giving Fund from the General Fund with further details in note 19 below. We committed £126,000 of our expenditure in Common Fund payments to the Diocese.
2022 started off with its financial difficulties, as many were struggling with the impact of the covid period and the new financial uncertainties facing the community. This resulted in lower participation and reduced giving. Throughout the year we worked hard to stabilise our income and reduce our expenditure, with great support and response from our congregation. In the final quarter of the year it was evident that our participation and giving began to regain momentum.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2022
Reserves Policy
The PCC aims to maintain a balance in General Reserves equal to 6 months of budgeted expenditure. For 2022 this amounted to an aim of £130,610 based on the 2023 budget, however actual reserves from 2022 (including those brought forward) total £63,032, representing only 3 months budgeted expenditure.
The policy changed from 2 months expenditure in 2018 to the current level. We are still building up this reserve, and additionally due to the COVID-19 pandemic, subsequent financial uncertainties of 2022 and the resultant reduction of some income streams the Trustees have had to utilise rather than build general fund reserves in 2022. The PCC has decided to increase the reserve up to 6 months of budgeted expenditure in order to protect against unexpected costs or loss of income, so that we can protect our increasing staff team and continue to meet all our commitments in regard to support for other groups through outward giving. The PCC continued to watch expenditure closely during 2022 and will continue to do so in 2023, with measures being put in place to maintain if not increase general fund reserves.
The PCC also hold a number of designated reserves which are set aside for particular projects, details of these reserves are at note 21. The most significant of these is the Property Fund which represents the carrying value of the Community Centre building and is therefore designated in a separate reserve as not freely available to spend.
In addition, the PCC receives monies for various projects where the terms of the funding are restricted. At the year end the restricted fund reserves total £56,967. This represents the funds received that have not yet been spent on the specified project. Details of these reserves and the projects they will be spent on is shown at note 22 below.
Trustees' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees' Report and financial statements in accordance with applicable law and UK Accounting Standards. A financial statement which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity is required each year. In preparing the financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently
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observe the methods and principles of the Charities SORP
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make judgments and estimates that are reasonable and prudent
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state whether applicable accounting standards have been followed, subject to and departures disclosed and explained in the financial statements and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain and ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2022
The trustees’ report was approved by the PCC on 13 April 2023 and signed on its behalf:
………………………………………………………… Rev. Edward Hobbs, Rector
…………………………………………………………
Mr Christopher Cozens, PCC Treasurer
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
Independent Examiner’s Report on the Unaudited Financial Statements to the Trustees
I report on the accounts for the year ended 31 December 2022 set out on pages 8 to 22.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities (Accounts and Reports) Regulations 2008 other than any requirement to give the accounts a ‘true and fair’ view which is not a matter considered as part of an independent examination
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs Elizabeth Jones Date: 4/5/2023 ACA, FCCA, CTA Azets Lime Court Pathfields Business Park South Molton Devon, EX36 3LH
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Incoming Resources Receipts from Donors Planned giving Income tax recovered Other collections and donations Legacies received Grants received 2 Total Donations and legacies Receipts from Church Activities 3 Investment income Community Centre lease income 16 Other sundry income 4 Total incoming resources Resources Expended Church Activities Diocesan Common Fund 5 Outward giving 19 Services and other activities 7 Other governance costs 8 Total resources expended Net incoming/(outgoing) resources before transfers Transfers between funds 9 Net movement in funds Funds brought forward at 1 January Funds carried forward at 31 December |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 158,354 - - 158,354 35,210 - 1,397 36,607 28,964 - 19,797 48,761 10,000 - - 10,000 2,680 - 25,295 27,975 235,208 - 46,489 281,697 15,350 380 - 15,730 576 - - 576 3,000 - - 3,000 3,278 - - 3,278 257,412 380 46,489 304,281 126,000 - - 126,000 - 21,496 - 21,496 136,220 5,752 39,719 181,691 707 - - 707 262,927 27,248 39,719 329,894 (5,515) (26,868) 6,770 (25,613) (28,012) 27,937 75 - (33,527) 1,069 6,845 (25,613) 96,559 346,274 50,122 492,955 63,032 347,343 56,967 467,342 |
Total 2021 £ 166,517 35,027 20,037 12,000 38,215 |
|---|---|---|
| 271,796 8,409 35 3,000 3,782 |
||
| 287,022 | ||
| 126,000 16,620 178,010 607 |
||
| 321,237 | ||
| (34,215) - |
||
| (34,215) 527,170 |
||
| 492,955 |
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022
| Note Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ Tangible Fixed Assets 10 18,264 300,000 - 318,264 Current assets Debtors due within 1 year 11 6,781 - 811 7,592 Loan to CCC Ops Ltd – interest free 12 75,000 - - 75,000 Cash at bank and on hand 13 33,706 47,763 56,156 137,625 Total current assets 115,487 47,763 56,967 220,217 Creditors: Amounts falling due within one year Short term creditors and receipts in advance 14 20,430 420 - 20,850 Net current assets 95,057 47,343 56,967 199,367 Total assets less current liabilities 113,321 347,343 56,967 517,631 Creditors: Amounts falling due after one year Long term creditors 15 50,289 - - 50,289 Net assets 63,032 347,343 56,967 467,342 Represented by General unrestricted funds 63,032 63,032 Designated funds 21 347,343 347,373 Restricted funds 22 56,967 56,967 Total Funds 63,032 347,343 56,967 467,342 |
Total 2021 £ 325,321 15,293 75,000 155,696 |
|---|---|
| 245,989 | |
| 14,751 | |
| 231,238 | |
| 556,559 63,604 |
|
| 492,955 | |
| 96,559 346,274 50,122 |
|
| 492,955 |
Approved by the PCC on 13 April 2023 and signed on their behalf by:-
……………………………………………
Revd Edward Hobbs, Chair
…………………………………………..
Mr Christopher Cozens, PCC Treasurer
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 1 Accounting policies
a) Basis of preparation of financial statements
The PCC is a public benefit entity within the meaning of FRS102.
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions. The financial statements have also been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) (effective October 2019) - (Charities SORP (FRS 102) (second edition – October 2019)).
Assets and liabilities are initially recognised at historical cost or transaction value except for freehold properties which have been included at revalued amounts.
The accounts present the results of the Charity only and do not include the results of the trading subsidiary, as the group is small, and the charity is therefore exempt from preparing consolidated accounts.
b) Asset Policy
Fixed Assets purchased for continuing use by the charity for the furtherance of its objectives are capitalised at cost (where cost is over £1,000) and depreciated over their economic lives, other than freehold property which is valued at market value at the date it was brought into use which is used in place of historic cost.
c) Depreciation
Tangible fixed assets are written off over their useful economic lives as follows:
-
Office equipment - 25% reducing balance
-
Fixtures & fittings - 25% reducing balance
-
Plant & Equipment – 5 years straight line
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.
d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designed for other purposes. Restricted funds are donations which the donor has specified are to be solely used for a particular area or work.
e) Incoming Resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income the trustees are virtually certain they will receive it and the amount can be quantified with reasonable accuracy. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Grants and donations are only recorded in the SOFA when the charity has unconditional entitlement to the resources. Investment income is included when receivable.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
f) Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. The charity is registered for VAT and all expenditure excludes this where appropriate. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirement of the charity and include the examination fees and costs linked to the strategic management of the charity.
g) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
h) Cash at bank and in hand
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 the date of acquisition or opening of the deposit or similar account.
i) Creditors and provisions
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 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
j) Financial instruments
The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
k) Lease
The PCC has leased the Community Centre to Cullompton Community Centre (Operations) Ltd for 25 years from 13 August 2012 at a peppercorn rent and with a premium of £75,000. The premium is being released as income into the accounts over that period on a time related basis.
l) Concessionary Loans
Concessionary loans made are initially recognised in the statement of financial position at the amount paid. Where interest is payable, the carrying amount has been adjusted to reflect the accrued interest. To the extent that any loan becomes irrecoverable, and impairment loss would be recognised in the statement of financial activities. Further details of the loan arrangement can be found at note 13.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 2 Grants Received
| Note 2 Grants Received | ||
|---|---|---|
| Coronavirus Job Retention Scheme Exeter Diocese Culture Recovery Fund Devon Historic Churches Trust The Willats Trust CAF Bank – Venturesome Arnold Clark Community Fund Other Note 3 Receipts from Church Activities Wedding and Funeral fees and charges Men’s and ladies’ ministries and Silvertops club income Children’s work income Youth work income |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ - - - - 2,680 - 5,000 7,680 - - - - - - 1,000 1,000 - - 15,000 15,000 - - - - - - - - - - 4,295 4,295 2,680 - 25,295 27,975 Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 7,958 - - 7,958 360 380 - 740 5,331 - - 5,331 1,701 - - 1,701 15,350 380 - 15,730 |
Total 2021 £ 4,525 - 5,200 - 12,500 10,000 2,500 3,490 |
| 38,215 | ||
| Total 2021 £ 5,742 300 1,174 1,193 |
||
| 8,409 |
Note 4 Sundry income
The sundry income of £3,278 (2021: £3,782) includes £2,784 car park rental income (2021: £2,458)
Note 5 Common Fund
In 2022 a contribution of £126,000 (2021: £126,000) was paid to the Diocese of Exeter in respect of the Diocesan revised assessment for the year of £140,852 (2020: £131,637).
Note 6 Staff Costs
Staff costs which are included within church activities expenditure were:
| Wages and salaries Social security costs Pension Contributions (defined contribution scheme) Average number of employees (headcount) |
2022 £ 86,974 1,144 1,360 89,478 7 |
2021 £ 74,034 949 1,143 |
|---|---|---|
| 96,515 | ||
| 6 |
During the year the church received £Nil (2021: £4,525) of Coronavirus Job Retention Scheme grant for furloughed staff.
There were no employees who received total employment benefits of more than £60,000 in the current or preceding year.
Pension contributions have been made to a defined contribution scheme.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 7 Church activities - Services and other activities
| Church services, upkeep and administration: Clergy expenses Worship, organist and services Evangelism and Alpha course Bell expenses Church maintenance and running costs Church insurance Administration Office rent, room hire and cleaning Loan interest and charges Depreciation Write off of loans advanced Miscellaneous expenses Wedding and funeral expenses Men’s and ladies’ ministries and Silvertops club costs Children’s work Youth work Keystone project expenditure People Matter expenditure Coffee Mornings Note 8 Governance costs Independent examiners fee |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 1,970 - - 1,970 2,642 - - 2,642 - - - - - - 10 10 14,544 989 3,716 19,249 7,517 - - 7,517 31,543 840 32,383 6,980 1,000 - 7,980 - 1,366 - 1,366 7,057 - - 7,057 - - - - 2,140 - - 2,140 74,393 3,355 4,566 82,314 2,992 - - 2,992 1,313 612 - 1,925 30,317 - 506 30,823 27,205 - 1,318 28,523 - 1,199 21,795 22,994 - - 11,534 11,534 - 586 - 586 136,220 5,752 39,719 181,691 Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 707 - - 707 |
Total 2021 £ 2,295 1,986 255 6 11,426 7,177 58,555 6,034 1,713 7,096 48 1,600 |
|---|---|---|
| 98,191 1,536 272 26,642 25,673 17,275 6,830 1,591 |
||
| 178,010 | ||
| Total 2021 £ 607 |
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 9 Fund Transfers
| Transfers between funds in 2022 Transfer to reflect tangible fixed assets purchased Internal fund transfers Transfer for unspent bell ringing fees to bell fund Designation of funds for Lighthouse Designation of funds for roof repairs and maintenance Silvertops contribution towards Christmas dinners Transfer to reflect Outward Giving donations made Transfer to Keystone £2,500 (both Designated Funds) Contribution towards Christmas dinners Transfer to reflect agreement to give 10% of giving income to charity Transfer of 10% of 2022 giving to Outward Giving Fund Note 10 Tangible Fixed Assets Property £ Valuation/ Cost As at 1 January 2022 300,000 Additions - As at 31 December 2022 300,000 Depreciation As at 1 January 2022 - Charge for the year - As at 31 December 2022 - Net Book Value As at 31 December 2022 300,000 As at 31 December 2021 300,000 |
Transfers between funds in 2022 Transfer to reflect tangible fixed assets purchased Internal fund transfers Transfer for unspent bell ringing fees to bell fund Designation of funds for Lighthouse Designation of funds for roof repairs and maintenance Silvertops contribution towards Christmas dinners Transfer to reflect Outward Giving donations made Transfer to Keystone £2,500 (both Designated Funds) Contribution towards Christmas dinners Transfer to reflect agreement to give 10% of giving income to charity Transfer of 10% of 2022 giving to Outward Giving Fund Note 10 Tangible Fixed Assets Property £ Valuation/ Cost As at 1 January 2022 300,000 Additions - As at 31 December 2022 300,000 Depreciation As at 1 January 2022 - Charge for the year - As at 31 December 2022 - Net Book Value As at 31 December 2022 300,000 As at 31 December 2021 300,000 |
Unrestricted Funds Designated Funds Restricted Funds £ £ £ (75) 75 (88) 88 (6,099) 6,099 100 (100) 300 (300) (22,150) 22,150 (28,012) 27,937 75 Plant & Equipment Office equipment Fixtures & Fittings £ £ £ 34,702 5,935 21,936 - - - 34,702 5,935 21,936 9,849 5,815 21,588 6,940 30 87 16,789 5,845 21,675 17,913 90 261 24,853 120 348 |
Total £ 362,573 - |
|---|---|---|---|
| 300,000 | 362,573 | ||
| - - |
37,252 7,057 |
||
| - | 44,309 | ||
| 300,000 | 318,264 | ||
| 300,000 | 325,321 |
The property comprises the Community Centre which is leased to the charity’s wholly owned subsidiary trading company Cullompton Community Centre (Operations) Limited. See note 16 below regarding the lease. The Trustees have not obtained a market valuation of the property as the costs of doing so outweigh the benefits, however the property has an insurance value of £ 2,500,000.
14
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 11 Debtors and prepayments
| Debtors Other debtors VAT recoverable Trade debtors Prepayments and accrued income |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 3,363 - 378 3,741 1,392 - - 1,392 422 - - 422 5,177 - 378 5,555 1,604 - 433 2,037 6,781 - 811 7,592 |
Total 2021 £ 12,721 1,766 402 |
|---|---|---|
| 14,889 404 |
||
| 15,293 |
Note 12 Long-term interest-free loan to Cullompton Community Centre (Operations) Limited
The PCC has granted a long-term interest free loan of £75,000 to its wholly owned trading subsidiary Cullompton Community Centre (Operations) Limited (CCC (Ops) Ltd). The loan is repayable when the Centre is operating at a surplus following repayment of the loan granted from the New Building Fund. The New Building Fund loan was fully cleared in 2021.
Note 13 Cash at bank and in hand
| General fund Designated funds: Roof repairs and maintenance Loan interest and charges Outward giving fund Keystone Coffee morning fund Lighthouse fund Car park maintenance Silvertops fund Restricted funds: Bell fund Organ fund Debt Centre fund Children’s work fund Mission and growth Defibrillator fund Keystone Repairs and maintenance fund People Matter fund Restoration fund Youth Social Fund |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 33,706 - - 33,706 - 6,099 - 6,099 - 822 - 822 - 29,609 - 29,609 - 9,031 - 9,031 - - - - - 88 - 88 - 1,014 - 1,014 - 1,100 - 1,100 - - 4,100 4,100 - - 157 157 - - 560 560 - - 12,670 12,670 - - 5,000 5,000 - - 882 882 - - 4,646 4,646 - - 859 859 - - 19,048 19,048 - - 5,904 5,904 - - 2,330 2,330 33,706 47,763 56,156 137,625 |
Total 2021 £ 59,502 - 2,188 32,755 7,730 586 - 1,583 1,432 3,934 742 560 12,670 - 300 9,865 - 12,508 5,904 3,437 |
|---|---|---|
| 155,696 |
15
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 14 Creditors falling due within one year
| Trade creditors Other creditors Tax and social security due Monies held on behalf of coffee morning committee Accruals Bank loan repayable in one year Income received in advance Note 15 Creditors falling due after one year Bank loan repayable after one year Deferred lease (note 16) |
Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 2,544 - - 2,544 1,249 - - 1,249 774 - - 774 1,018 - - 1,018 2,170 420 - 2,590 10,315 - - 10,315 2,360 - - 2,360 20,430 420 - 20,850 Unrestricted Funds Designated Funds Restricted Funds Total 2022 £ £ £ £ 5,437 - - 5,437 44,852 - - 44,852 50,289 - - 50,289 |
Total 2021 £ 2,015 383 - - 610 9,668 2,075 |
|---|---|---|
| 14,751 | ||
| Total 2021 £ 15,752 47,852 |
||
| 63,604 |
Note 16 Lease of the Community Centre to Cullompton Community Centre (Operations) Limited
The PCC has leased the Community Centre to CCC (Operations) Ltd for 25 years from 13 August 2012 at a peppercorn rent and with a premium of £75,000. The premium is being released as income into the accounts over that period on a time related basis.
| Balance at 1 January Release to income for the year Balance carried forward at 31 December |
2022 £ 47,852 (3,000) 44,852 |
2021 £ 50,852 (3,000) |
|---|---|---|
| 47,852 |
Note 17 Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits in their capacity as Trustees during the year (2021: £Nil). In June 2022 trustee J Bailey was employed by the Church’s wholly owned trading subsidiary Cullompton Community Centre (Operations) Limited as Facilitates Manger for which she received remuneration of £5,542 and pension contributions of £33 in the period to 31 December 2022. This was paid under the provisions of the PCC Governing Document.
No trustees were reimbursed any expenses during the year (2021: £nil).
16
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 18 Related Party Transactions
Cullompton Community Centre (Operations) Limited (referred to as CCC (Ops) Ltd), is a wholly owned trading subsidiary company of St Andrew’s PCC. The company shares are held in trust for St Andrew’s by the Church Wardens, who at the year-end were E Thompson and J Bailey. During the year the following transactions have taken place with the between the church and the company:
The church has leased their freehold property of the Community Centre to CCC (Ops) Ltd for 25 years from 13 August 2012. An up-front premium was paid at that time of £75,000, which is being released over the term of the lease – see note 16 above. During the year £3,000 (2021: £3,000) has been recognised as income and at the year end the deferred lease recognised on the balance sheet amounted to £44,852 (2021: £47,852).
During the year the Church paid rent for office space, cleaning and room hire charges of £7,980 (2021: £7,747) and £740 (2021: £Nil) of shared IT support costs to CCC (Ops) Ltd.
As part of the initial building of the Community Centre and set up of the trading company, the PCC granted two loans to CCC (Ops) Ltd. The first from the New Building Fund was settled in 2021. The second loan is a long-term interest free loan of £75,000 to CCC (Ops) Ltd. The loan is repayable when the Centre is operating at a surplus after repayment of the loan granted from the New Building Fund. At the balance sheet date £75,000 (2021: £75,000) remains due to the church and is included within current assets on the balance sheet.
During the year £400 of electrical services has been provided to the Church by a trustee, this amount remains unpaid and is included within trade creditors at 31 December 2022. (2021: No trustees received payment for professional or other services supplied to the charity).
In June 2022 the spouse of one of the Trustees was employed by the Church and received remuneration of £3,268 in the period to 31 December 2022.
Note 19 Designated Outward Giving Fund
During the year, the Outward Giving Committee distributed £25,296 of grants to various causes, including £2,800 transferred to Church run projects and £1,000 payment of Church project costs. (2021: £18,120 including £1,500 transferred to Church run projects)
The fund balance carried forward of £29,609 (2021: £32,755) comprises the designated 10% of general fund receipts from donors (rounded up to the nearest £25; as approved by the PCC) of £22,150 plus an underspend from the prior year of £7,459 (2021: £21,275 plus an underspend from the prior year of £11,480).
Note 20 Taxation
As a charity, the Parochial Church Council of St Andrew's Cullompton is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
17
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
| Note 21 Designated Funds Incoming Resources Receipts from Donors Income tax recovered Other collections and donations Grants received Receipts from Church Activities Total designated fund income Resources Expended Church Activities Outward giving Services and other activities Total resources expended on designated funds Net incoming/(outgoing) resources be- fore transfer Net transfers between funds (note 9) Net movement in funds Funds at 1 January 2022 Funds at 31 December 2022 Represented by Fixed assets Current assets Cash at bank and in hand Current Liabilities Net assets |
Coffee Morning Roof Repairs and Maintenance Car Park Repairs Loan Interest & Charges Keystone (Job’s Club) Lighthouse Outward Giving Silvertops Property £ £ £ £ £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 380 - - - - - - - - 380 - - - - - - - 21,496 - - 586 420 569 1,366 1,199 - 1,000 612 - 586 420 569 1,366 1,199 - 22,496 612 - (586) (420) (569) (1,366) (1,199) - (22,496) (232) - - 6,099 - - 2,500 88 19,350 (100) - (586) 5,679 (569) (1,366) 1,301 88 (3,146) (332) - 586 - 1,583 2,188 7,730 - 32,755 1,432 300,000 - 5,679 1,014 822 9,031 88 29,609 1,100 300,000 - - - - - - - - 300,000 - 6,099 1,014 822 9,031 88 29,609 1,100 - - (420) - - - - - 5,679 1,014 822 9,031 88 29,609 1,100 300,000 |
Total £ - - - 380 |
|---|---|---|
| 380 | ||
| 21,496 5,752 |
||
| 27,248 | ||
| (26,865) 27,937 |
||
| 1,069 346,274 |
||
| 347,343 | ||
| 300,000 47,763 (420) |
||
| 347,343 |
18
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 21 Designated Funds - continued
Coffee Morning - Weekly coffee mornings are held, and this fund is set aside to support the on-going coffee mornings with surplus funds raised from the coffee mornings being donated to other local causes in support of the Church’s objects.
Roof Repairs and Funds set aside by the PCC to fund the repairs required to the roof and other upcoming maintenance Maintenance - costs following the quinquennial review.
Car Park Repairs - Funds set aside towards planned maintenance of the car park. Loan Interest and To support the church through the effects of the pandemic the Church has taken out a bank loan Charges - which provided grant funding as part of the arrangement. Part of this loan funding has been set aside to cover the finance costs of the loan element of the funding.
Keystone (Jobs Club) - This is a project to support local people to find vocational, educational, and social opportunities. Lighthouse - Funds set aside to support the Lighthouse in depth prayer ministry of the church. Outward Giving - The PCC designate 10% of general fund receipts from donors each year to be used to support mission activities which is managed by an Outward Giving Team. The church gives to local, national and international charities, with a particular focus on forging longer term relationships with these groups. Silvertops - Funds set aside to support the Silvertops club for senior people.
Property - The balance of the designated fund represents the carrying value of the property.
19
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 22 Restricted Funds
| Incoming Resources Receipts from Donors Other collections and donations Income tax recovered Grants received Total restricted fund income Resources Expended Church Activities Services and other activities Total resources expended on restricted funds Net incoming/(outgoing) resources be- fore transfer Net transfers between funds Net movement in funds Funds at 1 January 2021 Funds at 31 December 2022 Represented by: Current assets Debtors Cash at bank and in hand Net assets |
Bell Fund Debt Cen- tre Fund Children’s Work Grant Defibrilla- tor Fund Keystone Mission and Growth Organ Fund People Matter Fund Repairs and Mainte- nance Restora- tion Fund Youth So- cial Trips Fund Total £ £ £ £ £ £ £ £ £ £ £ £ 91 - - 1,800 1,695 200 14,889 1,122 - - 19,797 23 - - 450 263 - - 661 - - - 1,397 - - - - 15,000 5,000 - 4,295 1,000 - - 25,295 |
|---|---|
| 114 - - 2,250 16,958 5,000 200 19,845 2,122 - - 46,489 |
|
| 10 - - 1,668 21,796 - 785 13,090 1,263 - 1,107 39,719 |
|
| 10 - - 1,668 21,796 - 785 13,090 1,263 - 1,107 39,719 |
|
| 104 - - 582 (4,838) 5,000 (585) 6,755 859 - (1,107) 6,770 75 - - - - - - - - - - 75 |
|
| 179 - - 582 (4,838) 5,000 (585) 6,755 859 - (1,107) 6,845 3,934 560 12,670 300 9,934 - 742 12,641 - 5,904 3,437 50,122 |
|
| 4,113 560 12,670 882 5,096 5,000 157 19,396 859 5,904 2,330 56,967 |
|
| 13 - - - 450 - - 348 - - - 811 4,100 560 12,670 882 4,646 5,000 157 19,048 859 5,904 2,330 56,156 |
|
| 4,113 560 12,670 882 5,096 5,000 157 19,396 859 5,904 2,330 56,967 |
20
DocuSign Envelope ID: F88530B6-47E8-4A6C-AD79-1EF96FFFF94E
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2022
Note 22 Restricted Funds - continued
| Bell Fund | This fund comprises donation and grants towards the upkeep and maintenance of the church bells. |
|---|---|
| Debt Centre Fund | Fund to support St Andrews Church Debt Centre working with CHAT. |
| Children’s Work Grant | Monies received to support the activities of the Children’s Ministry. |
| Defibrillator Fund | Monies received towards to purchase and maintenance of a defibrillator. |
| Keystone | Monies received towards the Keystone project which is a project to support local people to find |
| vocational, educational and social opportunities. The balance mainly represents grant funding | |
| carried forward into 2022 to fund staff salary costs. | |
| Mission and Growth | Diocesan grant with a focus on growth in children and youth ministry. |
| Organ Fund | This fund comprises donation and grants towards the upkeep and maintenance of the church organ. |
| People Matter Fund | People Matter is a group at St Andrew’s Church which organise the food bank that serves |
| Cullompton and the surrounding area. The fund balance is carried over into the new year to be used | |
| for general running costs and expenses. | |
| Repairs and maintenance | This fund comprises donation and grants given towards the upkeep and maintenance of specific |
| Fund | church property and/or equipment. |
| Restoration Fund | This fund comprises donation and grants towards the upkeep and maintenance of the church |
| building. | |
| Youth Social Trips Fund - | Grants received to support activities and social trips of the Youth Ministry into 2020 and beyond. |
21