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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 2023
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW’S, CULLOMPTON
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023
The Trustees of the charity submit their annual report and financial statements for the year ended 31 December 2023. 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: Joanne Bailey Ed Thompson – also PCC Lay Chair Treasurer: Chris Cozens Elected Members: Adam Brooks Tony Bryant Philip Cornish Chris Cozens Karen Deare (from 13[th] February 2023) Steve Foster Sarah Robinson Sarah Stuchbery James Wakefield (until 17[th] April 2023) Judy Wincott Deanery Synod Keith Rushforth Sue Risdon (until 30[th] June 2023) Martin Smith Sally Wilson (from 1[st] July 2023)
Ex-Officio PCC members Diocesan Synod: None
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2023
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:
-
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 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.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2023
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 2 infant baptisms, 1 dedication, 6 adult baptisms and 11 confirmations, 6 marriages and 1 wedding blessing, 20 funerals, of which 18 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 2023 the Church Electoral Roll was 238. During 2022 participation was 223 adults and 33 children and young people
Our Christmas and Easter services…. attendance over Easter 309… Advent 565… Christmas 1100.
Youth
Our youth work is still recovering from Covid, with numbers steadily returning. Highlights for youth have included a weekend away in March , and joining “the Gathering” for young people across the South West. Our regular younger youth sessions are on a Sunday morning, older youth sessions are fortnightly on Friday and Sunday evenings. We are presently seeking to recruit a new youth worker.
Children and Families Ministry
Our children and families work is also still recovering post covid, some things recovering faster than others. Toddler group runs weekly, with 2 sessions on a Monday, Sunday school groups weekly, and all-age service monthly. Assembly opportunities have been scaled back to monthly, as we seek to recruit a new children’s worker. We have also maintained our connection with local pre-school provision, with termly visits to church.
Community engagement/local mission
School Pastors – twice a week on our local secondary school, offering pastoral support and a listening ear.
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 continue to operate a debt centre in partnership with CHAT.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2023
YMCA chaplaincy – we continue to oversee regular chaplaincy into a couple of hostels in and near Cullompton.
The Alpha Course - has taken place again.
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.
Financial Review:
Total receipts of Unrestricted Funds amounted to £286,179 which is an increase from the £257,412 received in 2022. During 2023 a further £1,079 (2022 £380) was received towards Designated Funds. Restricted income amounted to £43,224 (2022; £46,489) and our total for 2023 was £330,482 (2022 £304,281). This shows an increase of £26,201.
Total expenditure for Unrestricted Funds was £260,573 (2022: £262,927). After transfers between funds the General Fund shows a surplus of £6,116. Designated Funds has a deficit of £11,567 and Restricted Funds a deficit of £5,708 for the year. Total expenditure for 2023 was £341,641 (2022 £329,894) showing an increase in expenditure of £11,747 over 2022.
The final figure for 2023 is a deficit of £11,159 across all funds (2022 deficit £25,613).
The transfers between funds include a sum of £19,415 to the PCC Designated Outward Giving Fund from the General Fund with further details in note 9 below. We committed £121,000 of our expenditure in Common Fund payments to the Diocese.
2023 has had it difficulties with the financial crisis and increasing costs and overheads. Throughout the year we worked hard to stabilise our income, with great support and response from our congregation we have managed to increase giving. We have worked hard to manage our expenditure in 2023, the ever increasing costs of overheads need careful consideration going in to 2024.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2023
Reserves Policy
The PCC aims to maintain a balance in General Reserves equal to 6 months of budgeted expenditure. For 2023 this amounted to an aim of £139,683 based on the 2024 budget, however actual reserves from 2023 (including those brought forward) total £69,148, 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, the surplus on general funds has helped increase our reserves this year by £6,116. 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 2023 and will continue to do so in 2024, 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 £51,259. 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:
-
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 2023
30/5/2024
The trustees’ report was approved by the PCC on ………………………………… 2024 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 2023 set out on pages 8 to 21.
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:
-
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 Smith ACA FCCA CTA Date: 7/6/2024 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 2023
| 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 2023 £ £ £ £ 195,652 - - 195,652 42,042 - 1,704 43,746 20,561 - 12,320 32,881 - - - - - - 29,200 29,200 258,255 - 43,224 301,479 17,733 1,079 - 18,812 2,254 - - 2,254 3,000 - - 3,000 4,937 - - 4,937 286,179 1,079 43,224 330,482 121,000 - - 121,000 - 19,402 - 19,402 138,843 10,895 50,771 200,509 730 - - 730 260,573 30,297 50,771 341,641 25,606 (29,218) (7,547) (11,159) (19,490) 17,651 1,839 - 6,116 (11,567) (5,708) (11,159) 63,032 347,343 56,967 467,342 69,148 335,776 51,259 456,183 |
Total 2022 £ 158,354 36,607 48,761 10,000 27,975 |
|---|---|---|
| 281,697 15,730 576 3,000 3,278 |
||
| 304,281 | ||
| 126,000 21,496 181,691 707 |
||
| 329,894 | ||
| (25,613) - |
||
| (25,613) 492,955 |
||
| 467,342 |
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DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023
| Note Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ Tangible Fixed Assets 10 11,236 300,000 - 311,236 Current assets Debtors due within 1 year 11 17,328 - 2,072 19,400 Loan to CCC Ops Ltd – interest free 12 75,000 - - 75,000 Cash at bank and on hand 13 30,605 35,776 49,187 115,568 Total current assets 122,933 35,776 51,259 209,968 Creditors: Amounts falling due within one year Short term creditors and receipts in advance 14 23,169 - - 23,169 Net current assets 99,764 35,776 51,259 186,799 Total assets less current liabilities 111,000 335,776 51,259 498,035 Creditors: Amounts falling due after one year Long term creditors 15 41,852 - - 41,852 Net assets 69,148 335,776 51,259 456,183 Represented by General unrestricted funds 69,148 - - 69,148 Designated funds 21 - 335,776 - 335,776 Restricted funds 22 - - 51,259 51,259 Total Funds 69,148 335,776 51,259 456,183 |
Total 2022 £ 318,264 7,592 75,000 137,625 |
|---|---|
| 220,217 | |
| 20,850 | |
| 199,367 | |
| 517,631 50,289 |
|
| 467,342 | |
| 63,032 347,373 56,967 |
|
| 467,342 |
30/5/2024 Approved by the PCC on …………………… 2024 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 2023
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. Freehold property comprises the investment property of the Community Centre which is leased to the church’s trading subsidiary and as such has been transferred to fixed assets at cost less accumulated impairment losses at the date it was brought into use.
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 2023
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 2023
Note 2 Grants Received
| Note 2 Grants Received | ||
|---|---|---|
| Exeter Diocese Devon County Council Devon Historic Churches Trust The Willats Trust Other |
Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ - - 5,000 5,000 - - 6,700 6,700 - - 1,500 1,500 - - 15,000 15,000 - - 1,000 1,000 - - 29,200 29,200 |
Total 2022 £ 7,680 - 1,000 15,000 4,295 |
| 27,975 |
Note 3 Receipts from Church Activities
| 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 2023 £ £ £ £ 8,324 - - 8,324 876 1,079 - 1,955 7,908 - - 7,908 625 - - 625 17,733 1,079 - 18,812 |
Total 2022 £ 7,958 740 5,331 1,701 |
| 15,730 |
Note 4 Sundry income
The sundry income of £4,937 (2022: £3,278) includes £3,150 car park rental income (2022: £2,784)
Note 5 Common Fund
In 2023 a contribution of £121,000 (2022: £126,000) was paid to the Diocese of Exeter in respect of the Diocesan revised assessment for the year of £137,738 (2022: £140,852).
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) |
2023 £ 91,414 97 1,431 92,942 7 |
2022 £ 74,034 1,144 1,143 |
|---|---|---|
| 89,478 | ||
| 7 |
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 2023
Note 7 Church activities - Services and other activities
| Church services, upkeep and administration: Clergy expenses Worship, organist and services Bell expenses Church maintenance and running costs Church insurance Administration Office rent, room hire and cleaning Loan interest and charges Depreciation 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 2023 £ £ £ £ 2,046 - - 2,046 4,107 - 6,129 10,236 - - 926 926 11,788 2,900 3,679 18,367 9,169 - - 9,169 39,858 - - 39,858 6,980 - 1,000 7,980 - 719 - 719 7,028 - - 7,028 4,409 - 3 4,412 85,385 3,619 11,737 100,741 2,668 - - 2,668 1,462 951 1,160 3,573 29,170 - 734 29,904 20,158 - 296 20,454 - 6,325 26,681 33,006 - - 10,163 10,163 - - - - 138,843 10,895 50,771 200,509 Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ 730 - - 730 |
Total 2022 £ 1,970 2,642 10 19,249 7,517 32,383 7,980 1,366 7,057 2,140 |
|---|---|---|
| 82,314 2,992 1,925 30,823 28,523 22,994 11,534 586 |
||
| 181,691 | ||
| Total 2022 £ 707 |
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DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
Note 9 Fund Transfers
| Transfers between funds in 2023 Transfer to reflect tangible fixed assets purchased Internal fund transfers Transfer for unspent bell ringing fees to bell fund Silvertops contribution towards Keystone Christmas Transfer to reflect Outward Giving donations made Transfer to Keystone £2,500 (both Designated Funds) Contribution towards Keystone Christmas Contribution towards Debt Centre Transfer to reflect agreement to give 10% of regular giving income to charity Transfer to Outward Giving Fund Note 10 Tangible Fixed Assets Property £ Cost As at 1 January 2023 300,000 Additions - As at 31 December 2023 300,000 Depreciation As at 1 January 2023 - Charge for the year - As at 31 December 2023 - Net Book Value As at 31 December 2023 300,000 As at 31 December 2022 300,000 |
Transfers between funds in 2023 Transfer to reflect tangible fixed assets purchased Internal fund transfers Transfer for unspent bell ringing fees to bell fund Silvertops contribution towards Keystone Christmas Transfer to reflect Outward Giving donations made Transfer to Keystone £2,500 (both Designated Funds) Contribution towards Keystone Christmas Contribution towards Debt Centre Transfer to reflect agreement to give 10% of regular giving income to charity Transfer to Outward Giving Fund Note 10 Tangible Fixed Assets Property £ Cost As at 1 January 2023 300,000 Additions - As at 31 December 2023 300,000 Depreciation As at 1 January 2023 - Charge for the year - As at 31 December 2023 - Net Book Value As at 31 December 2023 300,000 As at 31 December 2022 300,000 |
Unrestricted Funds Designated Funds Restricted Funds £ £ £ (75) - 75 - (264) 264 - - - - (500) 500 - (1,000) 1,000 (19,415) 19,415 - (19,490) 17,651 1,839 Plant & Equipment Office equipment Fixtures & Fittings £ £ £ 34,702 5,935 21,936 - - - 34,702 5,935 21,936 16,789 5,845 21,675 6,940 23 65 23,729 5,868 21,740 10,973 67 196 17,913 90 261 |
Total £ 362,573 - |
|---|---|---|---|
| 300,000 | 362,573 | ||
| - - |
44,309 7,028 |
||
| - | 51,337 | ||
| 300,000 | 311,236 | ||
| 300,000 | 318,264 |
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 property is included as cost less accumulated impairment losses on the date construction was completed in 2011. 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: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
Note 11 Debtors and prepayments
| Debtors Other debtors VAT recoverable Trade debtors Prepayments and accrued income |
Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ 4,115 - 2,072 6,187 2,051 - - 2,051 1,739 - - 1,739 7,905 - 2,072 9,977 9,423 - - 9,423 17,328 - 2,072 19,400 |
Total 2022 £ 3,741 1,392 422 |
|---|---|---|
| 5,555 2,037 |
||
| 7,592 |
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 Lighthouse fund Car park maintenance Silvertops fund Restricted funds: Bell fund Organ fund Debt Centre fund Children’s work fund Mission and growth Keystone Repairs and maintenance fund People Matter fund Restoration fund Uganda trip fund Youth & children’s projects Youth Social Fund |
Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ 30,605 - - 30,605 - 2,779 - 2,779 - 103 - 103 - 25,622 - 25,622 - 5,206 - 5,206 - 138 - 138 - 1,014 - 1,014 - 914 - 914 - - 3,414 3,414 - - - - - - 560 560 - - 12,670 12,670 - - 3,871 3,871 - - 3,330 3,330 - - (506) (506) - - 17,324 17,324 - - 5,904 5,904 - - (214) (214) - - 800 800 - - 2,034 2,034 30,605 35,776 49,187 115,568 |
Total 2022 £ 33,706 6,099 822 29,609 9,031 88 1,014 1,100 4,100 157 560 12,670 5,000 4,646 1,741 19,048 5,904 - - 2,330 |
|---|---|---|
| 137,625 |
15
DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
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 2023 £ £ £ £ 6,417 - - 6,417 2,065 - - 2,065 251 - - 251 406 - - 406 6,783 - 6,783 5,437 - - 5,437 1,810 - - 1,810 23,169 - - 23,169 Unrestricted Funds Designated Funds Restricted Funds Total 2023 £ £ £ £ - - - - 41,852 - - 41,852 41,852 - - 41,852 |
Total 2022 £ 2,544 1,249 774 1,018 2,590 10,315 2,360 |
|---|---|---|
| 20,850 | ||
| Total 2022 £ 5,437 44,852 |
||
| 50,289 |
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 |
2023 £ 44,852 (3,000) 41,852 |
2022 £ 47,852 (3,000) |
|---|---|---|
| 44,852 |
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 (2022: £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 £14,790 (2022: £5,542) and pension contributions of £257 (2022: £33) in the period to 31 December 2023. This was paid under the provisions of the PCC Governing Document.
No trustees were reimbursed any expenses during the year (2022: £nil).
16
DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
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 (2022: £3,000) has been recognised as income and at the year end the deferred lease recognised on the balance sheet amounted to £41,852 (2022: £44,852). In addition, an annual peppercorn rent is receivable, £20 has been included in other income (2022: £nil).
During the year the Church paid rent for office space, cleaning and room hire charges for two years of £15,960. £7,980 of this relates to 2024 and has been included as a prepayment as at 31 December 2023, leaving expenditure of £7,980 in 2023 (2022: £7,980). In addition the Church has paid £1,450 (2022: £740) of shared IT support costs and £366 (2022: £nil) of shared training costs to CCC (Ops) Ltd. The Church has received £1,113 (2022: £nil) in respect of recharged costs including insurance from CCC (Ops) Ltd.
The Church has also made a contribution to CCC (Ops) Ltd of £2,600 (2022: £Nil) towards the cost of lift repair work within the Community Centre building.
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 (2022: £75,000) remains due to the church and is included within current assets on the balance sheet.
During the year nil (2022: £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 and 2023.
In June 2022 the spouse of one of the Trustees was employed by the Church and received remuneration in the period to 31 December 2023 of £7,477 (2022: £3,268).
Note 19 Designated Outward Giving Fund
During the year, the Outward Giving Committee distributed £23,402 of grants to various causes, including £4,000 transferred to Church run projects. (2022: £25,296 including £3,800 transferred to Church run projects)
The fund balance carried forward of £25,622 (2022: £29,609) comprises the designated 10% of general fund regular giving receipts from donors of £19,415 plus an underspend from the prior year of £6,207 (2022: £22,150 plus an underspend from the prior year of £7,459).
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: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
| 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 2023 Funds at 31 December 2023 Represented by Fixed assets Current assets Cash at bank and in hand Current Liabilities Net assets |
Roof Repairs and Maintenance Car Park Repairs Loan Interest & Charges Keystone Lighthouse Outward Giving Silvertops Property £ £ £ £ £ £ £ £ - - - - 50 - 1,029 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 50 - 1,029 - - - - - - 19,402 - - 2,900 - 719 6,325 - - 951 - 2,900 - 719 6,325 - 19,402 951 - (2,900) - (719) (6,325) 50 (19,402) 78 - - - - 2,500 - 15,415 (264) - (2,900) - (719) (3,825) 50 (3,987) (186) - 5,679 1,014 822 9,031 88 29,609 1,100 300,000 2,779 1,014 103 5,206 138 25,622 914 300,000 - - - - - - - 300,000 2,779 1,014 103 5,206 138 25,622 914 - - - - - - - - - 2,779 1,014 103 5,206 138 25,622 914 300,000 |
Total £ 1,079 - - - |
|---|---|---|
| 1,079 | ||
| 19,402 10,895 |
||
| 30,297 | ||
| (29,218) 17,651 |
||
| 347,343 | ||
| 335,776 | ||
| 300,000 35,776 - |
||
| 335,776 |
18
DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
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: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
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 activi- ties Total resources expended on restricted funds Net incoming/(outgoing) re- sources before transfer Net transfers between funds Net movement in funds Funds at 1 January 2023 Funds at 31 December 2023 Represented by: Current assets Debtors Cash at bank and in hand Net assets |
Bell Fund Debt Cen- tre Fund Children’s Work Grant Keystone Mission and Growth Organ Fund People Matter Fund Repairs and Mainte- nance Restora- tion Fund Uganda Trip Fund Youth and Children’s Projects Youth So- cial Trips Fund Total £ £ £ £ £ £ £ £ £ £ £ £ £ 136 - - 2,472 - 7,643 1,020 - 949 100 - 12,320 34 - - 354 - 847 255 - 214 - - 1,704 - - - 21,500 5,000 500 1,500 - - 700 - 29,200 |
|---|---|
| 170 - - 24,326 5,000 8,990 2,775 - 1,163 800 - 43,224 |
|
| 926 1,000 - 26,681 6,129 157 10,897 3,522 - 1,163 - 296 50,771 |
|
| 926 1,000 - 11,681 6,129 157 10,897 3,522 - 1,163 - 296 50,771 |
|
| (756) (1,000) - (2,355) (1,129) (157) (1,907) (747) - - 800 (296) (7,547) 75 1,000 - 764 - - - - - - - - 1,839 |
|
| (681) - - (1,591) (1,129) (157) (1,907) (747) - - 800 (296) (5,908) 4,113 560 12,670 5,096 5,000 157 19,396 1,741 5,904 - - 2,330 56,967 |
|
| 3,432 560 12,670 3,505 3,871 - 17,489 994 5,904 - 800 2,034 51,259 |
|
| 18 - - 175 - - 165 1,500 - 214 - - 2,072 3,414 560 12,670 3,330 3,871 - 17,324 (506) 5,904 (214) 800 2,034 49,187 |
|
| 3,432 560 12,670 3,505 3,871 - 17,489 994 5,904 - 800 2,034 51,259 |
20
DocuSign Envelope ID: 9DBA0B94-4C11-4F87-9F93-EEF9908A9CF0
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2023
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. |
| 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 including the Defibrillator. |
| Restoration Fund | This fund comprises donation and grants towards the upkeep and maintenance of the church |
| building. | |
| Uganda Trip Fund | Monies given towards a mission trip to Uganda. |
| Youth and Children’s | This fund comprises donation and grants given towards specific projects or activities for either youth |
| Projects | or children. |
| Youth Social Trips Fund - | Grants received to support activities and social trips of the Youth Ministry into 2020 and beyond. |
21