Registered Charity No. 1134703
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
REPORT ANDACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Pages
Trustees Report
Independent Examiners Report
Statement of Financial Activities
Statement of Financial Posltion
Notes to the Accounts
10-21

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
The Trustees of the charity submit their annual report and financial statements for the year ended 31
December 2024. The Trustees have adopted the provision of the Statement of Recommended Practice ISORPI
'Accounting and Reporting by Charities" in preparingthe 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 IJX
Trustees- Parochial Church Council Members
Rector:
Curate..
Rev. Edward Hobbs
Rev Marilyn Sanders (to 20 October 20241
th
Church Wardens:
Joanne Bailey I to 15" April 2024)
th
Peter Lawton {from 15 April 2024)
Ed Thompson- also PCC Lay Chair
Treasurer:
Chris Cozens
Elected Members:
th
Joanne Bailey (to 9 September 2024)
Adam Brooks
Tony Bryant
Philip Cornish
Chris Cozens
Karen Deare
Steve Foster
Sarah Robinson (to 14 April 2025)
Sarah Stuchbery
Judy Wincott (to 14 April 20251
th
th
th
Bethany Handford (from 14 April 2025)
th
Trudy Miller (from 14 April 2025)
th
Dorcas Moore (from 14 April 2025)
Deanery Synod
Richard Buzzacott (from 15 April 20241
Keith Rushforth
Martin Smith
Sally Wilson
Ex-officio PCC members Diocesan Synod:
None

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
Structurep governance and management
Parochial Church Councils {PCCs) are charities, which are governed by two pieces of Church of England
legislation, called Measures. These are:
l. 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
2. 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 forthe PCC. as a whole. to approve and ratify. The SLTcomprises of the Rector,
the curate, 2 Church Wardens (l of whom is also lay chairl, 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 IPCC) 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. Following on from our quinquennial in-
spection, our team continues 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.

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
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. l am pleased to report that in terms of our adult attendance we
have now largely recovered from the effects of Covid. Children and young people's numbers continue to lag
behind a little.
During the year we held 2 infant baptisms, 3 dedications, 4 adult baptisms, 2 marriages, and 11 funerals, of
which 9 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 2024 the Church Electoral Roll was 238 (the same as 20231.
Our declared participation number to the Church on England for 2024 was 308157 under 18} {2023: 292 {571).
Our Christmas and Easter services.... attendance over Easter 35013091... Advent 1435 {565}... Christmas 1094
{iiooi.
Youth, Children and Families Ministry
We have now recruited Darren Hill as our Children, Youth and Families Pastor {full-time), who began in this
role in August 2024, and Kim Brooks as the Children's & Families Worker Ipart-time, term-time only) starting
in September 2024. We are artively seeking to recruit a SWYM Intern (full-time), with this role commencing
in September 2025.
Youth
Our youth work, sadly, is still recoveringfrom COVID-19 and from having no youth worker until summer 2024,
with participation steadily increasing. In the last 12 months, the youth attended a weekend retreat in March.
Our regular younger youth sessions are held on Sunday mornings and have now been expanded to include
ages up to 17, providing more opportunities for youth to engage in Christian teachings. Older youth sessions
are now open to school years 8-13, meeting on the l and 3 Sundays. We are currently looking at the Youth
Alpha series, and when this is completed, we will look at each book of the bible, giving an overview to aid in
their reading and learning. Additionally, our Youth Social is now called the Friday Night youth meeting on the
I" and 3 Fridays; this group will shift to a fortnightly schedule starting in September, with plans to move to
weekly meetings when more volunteers are recruited.
Children and Families Ministry
Our children and families, work is still recovering post-COVID-19, and we had no Children & Families worker
until late autumn 2024. The toddlergroup meets weekly (during term time only), headed up by Kim, with two
sessions on a Monday, Sunday school groups weekly, and an all-age service monthly. Assembly opportunities
have increased, with Darren, Kim, and Ed H leading fortnightly. We have also strengthened our community
connection by having Cullompton Pre-school and St Andrews School hold their Christmas services with us,
Cullompton Community College hosting a Christmas concert, and arranging visits to the church for the
Cullompton Scout Group and St Andrews School.

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
Community engagement/local mi55ion
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 senie 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, with more than 100 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 funrtion throughout, and continues to be well used.
Debt centre- we continue to operate a debt centre in partnership with CHAT.
YMCA chaplaincy
Cullompton.
we continue to oversee regular chaplaincy into a couple of hostels in and near
The Alpha Course- has taken place again.
Global Mission
St Andrew's continues to give away IO% 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.
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 P Lavrton. 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 5t Andrew's Church.
Financial Review:
Total receipts of Unrestricted Funds amounted to £261,436 which is a decrease from the £286,179 received
in 2023. During 2024 a further £1,045 12023 £1,079) was received towards Designated Funds. Restricted
income amounted to £40,758 {2023; £43,224) and our total for 2024 was £303,23912023 £330,482). This
shows a decrease of £27,243 to income overall.

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
Total expenditure for Unrestricted Funds was £243,05812023: £260,573). After transfers between funds the
General Fund shows deficit for the year of £950. Designated Funds has a deficit for the year of £220 and
Restricted Funds a Surplus of £1,030 for the year. Total expenditure for 2024 was £303,379 {2023 £ 341,6411
showing a decrease in expenditure of £38,262 over 2023.
The final figure for 2024 is a deficit of £140 across all funds (2023 £11,159 and 2022 deficit £25,613).
The transfers between funds include a sum of £19,000 (2023: £19,415) to the PCC Designated Outward Giving
Fund from the General Fund with further details in note 9 below. We committed £132,00012023 £121,000)
of our expenditure in Common Fund payments to the Diocese.
2024 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
worked hard to manage our expenditure in 2024, the ever-increasing costs of overheads need careful
consideration going into 2025.
Reserves Policy
The PCC aims to maintain a balance in General Reserves equal to 6 months of budgeted expenditure. For
2024 this amounted to an aim of £143.223 based on the 2025 budget. however actual reserves at 31
December 2024 total £68,198, 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 PCC has decided to increase the reserve up to 6 months of budgeted expenditure 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 2024 and will continue to do so in 2025, 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 £52,289. 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.

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
TRUSTEES, REPORT
YEAR ENDED 31 DECEMBER 2024
Trustees. responsibilities in relation to the financial ststements
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
observe the methods and principles of the Charities SORP
make judgments and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to and departures disclosed
and explained in the financial statements and
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 detertion of fraud and other irregularities.
0710712025
The trustees, report was approved by the PCC on ....................................... 2025 and signed on its behalf:
fhbb
Edward Hobb5 lJul T. 2025 LO:.23 GN1T+!l.............
Rev. Edward Hobbs, Rector
CfjoAp.nAiAul/..AQ25.ALA7.GPI.T+ JJ......................
Mr Christopher Cozens, PCC Treasurer

PAROCHIAL CHURCH COUNCIL OF sr ANDREW'S. CULLOMPTON
Independent Examinerfs Report on the Unaudited Financial Statements to the Trustees
I report to the trustees on my examination of the financial statements of PAROCHIAL CHURCH
COUNCIL OF ST ANDREW'S, CULLOMPTON ("the chariW'I for the year ended 31 December 2024 set
out on pages 8 to 21.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the chariws financial statements carried out under section
145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions
given by the Charity Commission under section 14515){b) of the Act.
Independent Examiner's Statement
The charity's gross income exceeded £250,000 and l am qualified to undertake the examination
by being a qualified member of The Institute of Chartered Accountants in England & Wales.
I have completed my examination. I confirm that no material matters have come to my attention
in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the financial statements did not accord with the accounting records; or
the financial statements did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement thatthe accounts give a 'true and fairf view which is not a matter considered
as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
financial statements to be reached.
Ma4*hew webb
Matthew Webb (Jul 7, 202J 14.31 GI,IT+i;,
0710712025
Matthew Webb FCA
Azets Audit Services
Lime Court
Pathfields Business Park
South Molton
Devon, EX36 3LH
Date:

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
Note
Unrestrirted Designated Restrirted
Funds
Funds
Funds
Total
2024
Total
2023
Incoming Resources
Receipts from Donors
Planned giving
Income tax recovered
Other collections and donations
Grants received
Total Donations and legacies
Receipts from Church Activities
Investment income
Community Centre lease income
Other sundry income
Total incoming resources
191.439
38,499
10,324
8,874
3,715
13,631
14,538
40,758
200,313
42,214
23,955
14,538
281,020
10,269
2,873
3,000
6,077
303.239
195,652
43,746
32,881
29,200
301,479
18,812
2,254
3,000
4,937
330,482
240,262
9,224
2,873
3,000
6,077
261.436
1,045
16
1.045
40.758
Resources Expended
Church Activities
Diocesan Common Fund
Outward giving
Services and other activities
Other governance costs
Total resources expended
132,000
132,000
11,491
158,918
970
303,379
121,000
19,402
200,509
730
341,641
19
11,491
8,047
110,088
970
243,058
40,783
19,538
40,783
Net incoming/(outgoing} resources
before transfers
18,378
118,493)
(25)
(140)
(11,159)
Transfers between funds
(19,328}
18,273
1,055
Net movement in funds
(950)
1220)
1,030
(140)
(11,159)
Funds brought forward at l January
69.148
335.776
51,259
456,183
467,342
Funds carried forward at 31 December
68,198
335,556
52,289
456,043
456,183

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
2024
Total
2023
Note
Tangible Fixed Assets
io
5,547
3(Kl,000
305,547
311,236
Current assets
Debtors due within l year
Loan to CCC Ops Ltd due after l year
Cash at bank and on hand
Total current assets
li
12
13
17,110
75,0(Kl
17,104
109,214
838
17,948
75,000
104,111
197,059
19,400
75,000
115,568
209,968
35,556
35,556
51,451
52,289
Creditors: Amounts falling due within one year
Short term creditors and receipts in
advance
14
7,711
7,711
23,169
Net current assets
101,503
35,556
52,289
189,348
186,799
Total assets less current liabilities
107,050
335,556
52,289
494,895
498,035
Creditors: Amounts falling due after one year
Long term creditors
15
38,852
38,852
41,852
Net assets
68.198
335.556
52.289
456,043
456,183
Represented by
General unrestricted funds
Designated funds
Restricted funds
68,198
68,198
335,556
52,289
69,148
335,776
51,259
21
22
335,556
52,289
Total Funds
68,198
335,556
52,289
456,043
456,183
07107/2025
Approved by the PCC on ........................ 2025 and signed on their behalf by:_
Itobb
Edy4￿￿.kLohk￿51￿￿l.7,2o25.l￿2IGM[tl1..
Revd Edward Hobbs, Chair
Ccozens i Jul 7, 2025 12..37 GMT+lJ........
Mr Christopher Cozens, PCC Treasurer

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note l Accounting policies
a) Basis of preparation of financial statements
The PCC is a public benefit entity within the meaning of FRSIO2.
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 IFRS 1021 and Accounting and Reporting by Charities..
Statement of Recommended Practice (FRS 102) (effective October 2019} - (Charities SORP {FRS 1021 (second
edition - October 201911. The Charity has taken advantage of the provisions in the SORP for charities applying
FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
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 useful economic lives. Property comprises the in-
vestment 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 & f ittings - 25Yo 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 result-
ant 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.
io

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
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 at-
tracting 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. Prepay-
ments 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 attransaction 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 12.
li

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 2 Grants Received
Unrestrirted Designated Restrirted
Funds
Funds
Funds
Total
2024
Total
2023
Exeter Diocese
Devon County Council
Devon Historic Churches Trust
Viscount Amory's Charitable Trust
The Willats Trust
Queen Anne's Gate Foundation
Northcott Devon Foundation
Cullompton United Charities
Other
5,000
6,700
1,500
1,038
1,038
1,000
2,500
4,000
1,000
5,000
1,000
2,500
4,000
1,000
5,000
15,000
1,000
29,200
14.538
14,538
Note 3 Receipts from Church Activities
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
2024
Total
2023
Wedding and Funeral fees and charges
Men's and ladies, ministries and Silvertops
club income
Children's work income
Youth work income
3,953
3,953
8,324
1,898
2,221
1,152
9,224
1,045
2,943
2,221
1,152
10,269
1,955
7,908
625
18,812
1,045
Note 4 Sundry income
The sundry income of £6,077 {2023.. £4,937) includes £3,181 car park rental income (2023.. £3,150)
Note 5 Common Fund
In 2024 a contribution of £132,00012023: £121,000) was paid to the Diocese of Exeter in respect of the Diocesan
revised assessment for the year of £142,527 (2023: £137,738).
Note 6 Staff Costs
Staff costs which are included within church activities expenditure were:
2024
2023
Wages and salaries
Redundancy
Social security costs
Pension Contributions (defined contribution scheme)
69,487
432
91,414
97
1,431
92,942
819
70,738
Average number of employees {headcount)
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.
12

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 7 Church artivities- Services and other artivities
Unrestrirted Designated Restrirted
Funds
Funds
Funds
Total
2024
Total
2023
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
2,202
2,124
2,202
5,995
87
12,731
11,958
41,713
7,980
103
6,736
1,920
91,425
1,105
2,046
10,236
926
18,367
9,169
39,858
7,980
719
7,028
4,412
100,741
2,668
3,871
87
82
12,649
11,958
41,713
6,980
1,000
103
6,736
1,828
86,190
1,105
92
5,132
103
Wedding and funeral expenses
Men's and ladies, ministries and Silvertops
club costs
Children's work
Youth work
Keystone project expenditure
People Matter expenditure
3,907
5,097
13,789
1,039
1,634
797
3,045
20,149
10,026
40,783
6,580
5,894
16,834
27,054
10,026
158,918
3,573
29,904
20,454
33,006
10,163
200,509
6,905
110,088
8,047
Note 8 Governance costs
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
2024
Total
2023
Independent examiners fee for the year
under accrual
1450
(480)
970
1450
14801
970
950
12201
730
13

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 9 Fund Transfers
Unrestricted Designated Restricted
Funds
Funds
Funds
Transfers between funds in 2024
Transfer to reflect tangible fixed assets purchased
Internal fund transfers
Transfer for unspent bell ringi ng fees to bell fund
Designation of funds for Christmas hospitality
Transfer to reflect Outward Giving donations made
Transfer to Keystone £7,500 {both Designated Funds)
Contribution towards Debt Centre
Transfer to reflect agreement to give IO% of regular giving
income to charity
Transfer to Outward Giving Fund
(55)
(273)
55
273
{I,000}
1,000
{19,000)
(19,328)
19,000
18,273
1,055
Note 10 Tangible Fixed Assets
Plant &
Office
Equipment equipment
Fixtures &
Fittings
Property
Total
Cost
As at l January 2024
Additions
As at 31 December 2024
300,000
34,702
1,047
35,749
5,935
21,936
362,573
1,047
363,620
300,000
5,935
21,936
Depreciation
As at l January 2024
Charge forthe year
As at 31 December 2024
23,729
6,670
30,399
5,868
17
5,885
21,740
49
21,789
51,337
6,736
58,073
Net Book Value
As at 31 December 2024
300,000
5,350
50
147
305,547
As at 31 December 2023
300,000
10.973
67
196
311,236
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

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 11 Debtors and prepayments
Unrestrirted Designated Restrirted
Funds
Funds
Funds
Total
2024
Total
2023
Debtors
Trade debtors
Other debtors
VAT recoverable
Short term loan to trading subsidiary
297
4,247
232
10,000
14,776
2,334
17.110
297
5,085
232
10,000
15,614
2,334
17,948
1,739
6,187
2,051
838
838
9,977
9,423
19,400
Prepayments and accrued income
838
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
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
2024
Total
2023
General fund
Designated funds:
Roof repairs and maintenance
Loan interest and charges
Outward giving fund
Keystone
Lighthouse fund
Car park maintenance
Christmas hospitality
Silvertops fund
Restricted funds:
Bell fund
Debt Centre fund
Children's work fund
Mission and growth
Keystone
Operational costs
Repairs and maintenance fund
People Matter fund
Restoration fund
Support fund
Uganda trip fund
Youth & children's projects
Youth Social Fund
17,104
17,104
30,605
2,779
2,779
2,779
103
25,622
5,206
138
1,014
24,631
5,801
138
1,014
273
920
24,631
5,801
138
1,014
273
920
914
5,028
560
12,670
5,028
560
12,670
3,414
560
12,670
3,871
3,330
1,464
10,352
819
14,659
5,904
(51
1,464
10,352
819
14,659
5,904
15)
{506)
17,324
5,904
{214)
800
2,034
115,568
17,104
35,556
51,451
104,111
15

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 14 Creditors falling due within one year
Unrestrirted Designated Restrirted
Funds
Funds
Funds
Total
2024
Total
2023
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
1,681
1,681
6,417
2,065
251
676
676
623
2,246
623
2,246
406
6,783
5,437
1,810
23,169
2,485
7.711
2,485
7.711
Note 15 Creditors falling due after one year
Unrestricted Designated Restricted
Funds
Funds
Funds
Total
2024
Total
2023
Deferred lease (note 16}
38,852
38,852
41,852
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.
2023
2023
Balance at l January
Release to income for the year
Balance carried forward at 31 December
41,852
13,000)
38,852
44,852
13,000)
41,852
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 (2023:
£Nill. From August 2024 Trustee S Stuchbery was employed by the charity as Media and Communications for which
she received remuneration of £2,060, This was paid under the provisions of the PCC Governing Document.
Churchwarden and Trustee J Bailey was employed by the Church's wholly owned trading subsidiary Cullompton
Community Centre (Operations) Limited as Facilitates Manger until l August 2024 for which she received
remuneration of £9,400 {2023: E14,7901 and pension contributions of £18712023: £257) in the year ended 31
December 2024. This was paid under the provisions of the PCC Governing Document.
No trustees were reimbursed any expenses during the year (2023: £nil).
16

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
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,
th
who at the year-end were E Thompson and Peter Lavrton (from 15 April 20241. 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 {2023- £3,000) has been recognised as income and at the year end the
deferred lease premium recognised on the balance sheet amounted to £38,85212023- £41,852). In addition, an
annual peppercorn rent is receivable, £20 has been included in other income (2023- £20}.
During 2023 the Church paid rent for office space, cleaning and room hire charges for two years to 31 December 2024
of £15,960. Rent expenditure recognised in the accounts amount to £7,98012023: £7,980) and at 31 December a
prepayment of £nil12023: £7,980) has been included on the balance sheet within debtors due within l year. In
addition the Church has paid £40012023: £1,450) of shared IT support costs and £22512023: £366) of shared training
costs to CCC (Ops) Ltd. The Church has received £2,80712023: £1,113) in respect of recharged costs including
insurance from CCC (Ops) Ltd.
The Church has also made a contribution to CCC {Opsl Ltd of £Nil (2023: £2,600} 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 {Opsl 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 (2023: £75,000) remains due to
the church and is included on the balance sheet as a debtor due after more than one year as the loan is not expected
to be repaid within the next twelve months.
During the year the charity has advanced a further short term working capital loan to the trading company of £10,000,
this amount remains outstanding at 31 December 2024 and is included within debtors due within l year on the
balance sheet. The loan is interest free.
In 2022.. £400 of electrical services was provided to the Church by a trustee, this amount remains unpaid and is
included within trade creditors at 31 December 2024 and 2023.
The spouse (M Bailey) of one of the Trustees (J Bailey) was employed by the Church until I September 2024 and
received remuneration in the year ended 31 December 2024 of £7,372 (2023: £7,477).
Note 19 Designated Outward Giving Fund
During the year, the Outward Giving Committee distributed £19.991 {2023: £23.4021 of grants to various causes,
£11,491 (2023: 19,4021 paid to third parties and £8,500 (£4,000) transferred to Church run projects.
The fund balance carried forward of £24,631 {2023- £25,622) comprises the designated IO% of general fund regular
giving receipts from donors of £19,000 plus an underspend from the prior year of £5,63112023- £19,415 plus an
underspend from the prior year of £6,207).
Note 20 Taxation
As a charity, the Parochial Church Council of St Andrew's Cullompton is exempt from tax on income and Eains 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 appl led to its charitable objects. No tax charges have arisen in the charity.
17

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
Note 210esignated Funds- continued
Roof Repairs and
Maintenance-
Funds set aside by the PCC to fund the repairs required to the roof and other upcoming maintenance
costs following the quinquennial review.
Car Park Repairs -
Funds set aside towards planned maintenance of the car park.
Loan Interest and
Charges-
To support the church through the effects of the pandemic the Church has taken out a bank loan
which provided grant funding a5 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 IO% of general fund receipts from donor5 each year to be used to support rnission
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.
Christmas Hospitality-
Funds set aside towards annual community Christmas dinner
19

PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
NOTES TO THE ACCOUNTS- YEAR ENDED 31 DECEMBER 2024
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 opportunitie5. The balance mainly represent5 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.
Operational Costs
Fund set aside for donation form persons wishing their giving is directed directly to the running and
operational cost of St Andrews Church.
People Matter Fund
People Matter is a group at St Andrew's Church which organise the food bank that serves
Cullornpton 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
Fund
This fund comprises donation and grants given towards the upkeep and maintenance of specific
church property andlor equipment including the Defibrillator.
Restoration Fund
This fund comprises donation and grants towards the upkeep and maintenance ofthe church
building.
Uganda Trip Fund
Monies given towards a mission trip to Uganda.
Youth and Children's
Projects
This fund comprises donation and grants given towards specific projects or activities for either youth
or children.
Support fund
This fund is set up to hold donation to support others to attend trips, training and other activities as
agreed by the PCC.
21