Gharlly registration number.. 1134779 Parochial Church Council of St Andrew's Plymouth Annual Report and Financlal Statements for the Year Ended 31 December 2024
Parochial Church Councll of St Andrew's Plymouth Contents (contlnued) Trustees, Raport 1 to6 Independent Examlner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement 10 Notes to the Flnancial Statements 11 to28
Parochial Church Council of St Andrew's Plymouth Trustees, Report The trustees present the annual report together with the flnancial statements of the charity for the year ended 31 December 2024. Alm and Purpose St Andrew's Parochial Ghurch Couneil IPCC) has th& rgsponsibilily of cooperating with the Incumbent, the Reverend Joe Dent, in promotSng in the ecclesiastical parish, the whole mission of the ChurGh, pastoral, evangelistic, sooial and ecumenical. The PCC is responsiblg for mainlaining the Church building, which is a Grade I listed building. ObJeGtlves and Actlvities The PGC is committed to the goal of enabling St Andrew's to live for, worship and proclaim Jesus Christ in th8 hearl ol Plymouth and beyond. When planning our activities, the PCC has oonsidered the Charity Commission's guidance on public benefit, and in particular Ihe specific guidance on charities for the advancement of religion. Our setvices are welcoming to all and we seek to make the Christian falth accessible and understandable offering a range of styles in which a wide variety ol people feel comfortabla participating. We focus our activities in four areas: We have a heart for Jesus and His Gospel We havo a heart for Prayer We hav8 a heart for Each Other We have a heart for Plymouth and beyond To facilitate this work. It Is vital that we maintaln the fabric of th8 Church building. Public benellt The trustees confirm that they have complied with the requlrements of section 17 01 the Charitles Act 2011 to have due regard to the public benefit guidance publishod by the Charity Commission for England and Wales. Use of volunteers A large number of volunt88rs make a wlde range of aclivities possible them all. we are deeply grateful to Page 1
Parochlal Church Councll of St Andrew's Plymouth Trustees, Report (contlnued) Achievements 8nd performance A heart for Jesus and HIS Gospel The PCC is keen to offer a rangg of services, not only on Sundays, but also during the week, that our community will lind both beneficial and spirjtually fulfllling. The teaching of the Bible is central to all our services, and our response in worship is enhanced by a large number of musicians and slngers ably led by our Director of Muslc. Passing on the faith to the next generatlon is a significant part of our vision and following the reslgnation ol our Children's Worker in 2024 we are currently seeking to appoint a replacement. It has also been encouraging to see our student ministry and men and women's ministries growlng. A heart lor Prayer We segk to be a prayerful church by encouraging prayer individually (with the help of our daily prayer diary) and corporately at our main services and in our growing monthly prayer meeting, St Andrew's Night. In addition there Is a confidential prayer chain through which any urgent prayer requests rnay be shared by members of the congregation to be prayed for by the prayer team. A heart for Each Other The church's Electoral Roll was revised In rèadiness for the Annual Parochlal Church Meeting held In April 2024 at which time the number on the Roll stood at 282 of which 30 resided within the parish. In the period from the APCM until 31 December 2024 a further 10 new members joined the Electoral Roll, however, 10 were removed from the Roll so that the tolal remained at 282 of which 28 rèside within Ihe parish. Every six years a new Electoral Roll has to be prepared and in readiness for this year's APCM we are preparing the new Roll using both online applicalSons via the Church's new Churchsuite computer package and traditional paper application forms for those without email or internet access. Our att8ndance figure is around 400 adults, but this number increases significantly at Easter and Christmas. There have been 9 baplisms, 4 weddings and 22 funerals during the year. We have welcomed several new people and families to our congregation during 2024. A number of comTnunity groups meet in the church building and around the city throughout the week to study the Bible, pray with and care for each other. A hearl for Plymouth and Beyond We seek to make tho Chrislian message accessible and relavanl to as many as possible. We offer lalth courses such as the Christianity Explored Course to those who would Ilke to find out more about Christianity - the take up after the 2024 Chiistrnas setvices was particularly encouraging - about 25 adulls. Snack and Chal is a popular Tuesday mornlng group for 'the lonely or bereaved, which attracts about 40-50 people from the community for conversation and frléndship. Along with several other churches and the Plymouth Charity 'Transforming Plymouth Togelherf w8 helped to establish a Dental Hygiene Hub in th& city centre. We also serve our local communily by running a parents and toddlers group {'Noah's Ark,) and running various activities In Sl Andrsw's Primary School and also in two local secondary schools. Schools frequently visit the church for educational purposes and at Chrislmas we host carol services for various organisalions. The Church building is frequently used by local orchestras and choirs for their conc8rts. One hlghlighl of the year was our Hope for Life concert organised by our Oulreach Workar and led by the community choir - the evening was almed al engaging people in th8 Christian faith while al the same Ilme raising mon8y for a local homelessness charity. Our mission committee supports and communicates wlth sevoral missionaries overseas and the UK. In 2024 we gave £42,285 to mission work at hom8 and overseas. Page 2
Parochial Church Council of St Andrew's Plymouth Trustees, Report (continued) Church Fabrlc We are dellghled to be ablg to open tho building on w6okdays. St Andrew's is a signi*icanl and special building in the heart of the City centre and Is well visited by many tourists and used by many others as a quiet place lo think or pray. A stream of church members and th8 public come into the church during the week to vlsit the church office which is based in th8 building, or to attend other meetings or events. The fabric of the building is overseen by the eight members of our Property Management Groupi chalred by one of the Churchwardens. Significant work In the last year has included: The accessible toilet in the soulh porch of the church has been refurblshed and upgraded A lire ajarm system has bèen Snstalled in the church with fire extinguishers and signag8 upgraded. We continue to be Involved in discussions wllh the DAC conoerning th& replacement of our boilers. The DAC is unable to support our proposal for lilce-for-like replacements. They acknowledg8 that this is an unusually complex case with wide ranging impllcalions and wish to continue to work with the PCC toward identifying the most suitable solution as soon as possible. It is proposed that a site visit be Goordinated with all inlerested parties to discuss the proposals and next steps. A number of repairs or it8ms of maintenance have been completed over the course of the year to ensure the bullding is safe and in good order. These include: replacemenl of roof slates and broken guttering resulting from storm damage, professional clearing of blooked dralns, repairs to a water healer In the choir vestry and other smaller items. The annual maintenance of the church clock and lighlnlng conductor havo been completed as required. Tho PCC owns two flats on Lambhay Hill in the parish wlth a member of our Property Management Group acting as landlord on behalf of the PCC. Other actlvltles We run a range of activities which include young people's groups, music groups, bell rlnging, clvic services and various other occasional activitigs. Flnanclal revlew. The pages making up the church's annual accounts are many and somewhat bewildering to many, However, directing our attention to the first page, headed 'Slatement of Financial Activities,, provides a good overview of the income and expenditur8 that mak8 up this very active and sizable ehurch. The recurring day-to-day transactions are summarised in the first column marked 'Unreslricted funds, and one will s89 thal the 'Net movement In funds, discloses a comfortable surplus. Howaver, further information that can be seen particularly in Notes 7 and 7a, show the extent to which the outgoings required to sustain the broad range of Christian activities Irom whlch we and rnany others benefit, are signilicantly subsidised by transfers from both the Michael Mace Legacy and the remaining Fabrlc Fund along with one enormously generous single donation of £50,000. As always, our major expenditure is our contribution to Ihe Common Fund of the dlocese (£145,045- an increase 01 £2,601 from 20231 followed by the salaries and support costs of our staff, including now, our paymenls to the diocese to cover Phil Cairn's stlP8nd as agreed in the previous year. Insurance and the maintenance and rapalr of bulldings logelher with the upgrading of vital equSpment, in particular th8 comprehensive fire alarm system, are also slgnificant oulgoings. Page 3
Parochial Church Council of St Andrew's Plymouth Trustees, Report (continued) Pollcy on reserves The policy of the PCC is to maintain reserves which would cover 6 months running expenses. Based on the 2024 accounts that would amount to approximately £195,000, a figure which 18 well within the total of our unrestricted funds at December 2024. Golng concern The financial statements hav& been prepared on the going ooncern basis. There are no material uncertainties related to events or conditions that may cast significant doubts upon the PCG'S ability to continuo as a going concern. Safeguarding The PCG has complied with the duty under section 5 of th8 Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to the House of Bishops, guidance on safeguarding children and vulnerable adults). staffing In addition to the clergy (who are employed by the Church Commissioners), the PCC employs an Administrator, an Administrative Assistant, a Caretaker, an Outreach Worker, an Asslstant Minister for Children and Young Families, a Youth Worker and a Children's Worker Iposillon currently vacant). Structure, governance and management The method of appointment of PCC members is set out In thg Church Representation Rules. The Council comprises the Incumbent and other clergy licensed to tha parish, the Churchwardens, Readers, those elected to the Deanery Syriod, and other members who are e18Cted at the Annual Parochial Church Meeting by Ihose on the Electoral Roll. Mgmbers of the congregation are always urged lo join the Electoral Roll, and to consider standing for electSon to the PCG. The PCC members are r6sponsib18 for making decisions on all matters ol general concern and importance in the parish, and for all financial matters. The full PCC mot twelve timos during tho year, slx held face-to-face and six held online. The PCC'S maln sub-committ8es are Standing and Financ8, Misslon, Fabrlc, Safeguarding and Health and Safety. Each reports back to the PGC. Adminlstrative Informatlon The Church's address is Royal Parade, Plymouth, PL12AD and Is part of the Deanery of Plymouth in the Diocese of Exeter. The PCG is a body corporate (PCC Powers Measure 1956, and the Church Representation Rules 20061 and is reglslered with the Charlty Commission, registration number 1134779. Page 4
Parochial Church Councll ot St Andrew's Plymouth Trustees, Report (continued) Trustees and offlcers The trustees and officers serving durlng the year and since the year end were as follows.. Ex Officio.. Th& Incumbent Reverend Joe Dent Clergy: Reverend Leon PaiNtian Sim (resigned 30 December 2024) Reverend Philip Gairns Reverend Tiinolhy David Partrldge Churchwardens: Mrs Rita Loah Whyte Mr Peter Hodgklnson Deanery Synod Reps.. Mr Malcolm Avery Prid8aux Mrs Kalherine Kingdom Mrs Janet Greaves-stoclcer Ms Joan Lesley Melville (resigned 30 September 2024) Elected Members.. Mrs Pauline Arkle Mrs Judy Hodgkinson Mr Graham Jamos Vosper Bsc Mr Bob Styrlng (resigned 30 April 20241 Mrs Elizabeth Joanna Salter (resigned 30 April 2024) Mrs Debra Few8t8r Dr Jeremy Nell Clark Cchom MRSG Mrs Nioola Susan Duncan Mr Blll Duncan Becky Hodgkinson (appointed 30 April 2024) Mr Andrew Whyte (appointed 30 April 20241 Lorna Trenchard {appoinl8d 30 Aprll 2024) Mr Nick Shaw Mr John Williams Mr lain Hildyard Mr Aubrey Frank Curtis Co-optgd memb8rs'. Mr Bob Styring (appointed 31 May 2024} Page 5
Parochial Church Councll of St Andrew's Plymouth Trustees, Reporl (continued) Statement of Trustees, Responslbllllles Tho trustees are responsible for preparing Ihe trustees, report and the financial slatements in accordance wilh the United Kingdom Accounting Standards (United lfjngdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a truo and fair view of the stale of affairs of the charity and of the incomlng resources and application of resources of the charity for that period. In preparing ihese linancial statements. the trustees are required to., select suitable accounting policies and then apply them consistently; observe the methods and princlples in the Charities SORP. make Judgements and estimates that are reasonable and prudent; state whelher applicable accounting standards have been followed, subject to any malerial departures dlsclosed and explained in th8 financial staloments. and prepare the financial statements on the going concern basis un18SS It is Inappropriale to presume that thè charity will continue in business. The trustees are responsible lor keeping proper accounling records thal dlsclose with reasonable accuracy al any time Ihe financlal position of the charity and enable them to ensure that the financial stateinenls comply with the Charities Act 2011, the Charilies (Accounts and Reports) Regulations 2008, and the provlslons of tho constitution. The Iruslees are also responsible for safeguarding Ihe ass81s of the chariiy and hance for laking reasonable steps for the preventlon and detection of fraud and other Irregulartties. The trustoes are responsible for the mainl8nance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemlnation of financial statements may differ from legislation in other lurisdlctlons. The annual report was approved by the trustees of the charlty on behalf by: Mrs Pauline Arklg Trustee rs Rita Leah Trustee hyte Mr Peter 140 Trustee gklnson Page G
Parochlal Church Council of St Andrew's Plymouth Independent Examiner's Report to the trustees of Parochial Church Council of St Andrew's Plymouth I report to the trustees on my examination of the accounts of Parochial Church Council of St Andrew's Plymouth for the year ended 31 December 2024. Responslbllltles and basls of report As the charlty Iruste8s of Parochial Church Council of St Andrew's Plymouth you are responsible lor the preparation of the accounts in accordance wlth the requiraments of the Charities Act 2011 I'the Act,). I report in respect of my examinalion of the Parochial Chuich Council of St Andrew's Plymouth's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlsslon under settlion 14515llbl of the Act. Independent examlner's statement Since Parochial Church Couiicil of Sl Andrew's Plymouth's gross Income exceeded £250,000 your examlner must b8 a member of a body listed In section 145 of Ihe 2011 Acl. I confirm that l am qualified to undertake the examination because l am a member of , which Is one of the listed bodles. I have completed my examinatlon. I confirm thal no materlal matters have come to my attention in connection with the examination giving me cause to b81ieve Ihat in any material respect.. 1. accountlng records wère not kept in respect of Parochial Church Councll of Sl Andrew's Plymouth as required by section 130 of the Act., or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirernenls concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that thè accounts give a 'true and fair Vie which Is not a matter considered as part ol an independent examination. I have no concerns and have come across no other matters In connection with the examination to which attontion should be drawn in this report In order lo enable a proper understanding of the accounts lo b8 reached. Matthew Keane ACCA Westcotts (SW) LLP Plym House 3 Longbrldge Road Marsh Mills Plymouth PL6 8LT Date.. .2.9..1.*./2.s Page 7
Parochial Church Councll of St Andrew's Plymouth Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted funds Deslgnated Reslrlcted lunds funds Tolal 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 3 Investmgnt incom8 Other income 359,250 37,940 14,514 83,490 442,740 37,940 15,217 347,636 51,718 7,510 639 64 Tolal Income 419 504 639 503 697 415,739 Expenditure on: Raising lunds Charitable activilies 7 Exceptional it8ms Total expenditure Net mov&menl in funds before investments Gainsllosses on investment assets Gross transfers between funds 13,462) {81.4721 13,4621 15,3031 (64,327) {523,0331 (533,546} (377,234) 377,234 538 613 538,849 42,270 84.295 5.009 47.034 123.110 31,260 31,260 33,296 N8t movement Sn funds 47,675 153,035) 1,704 (3,656} (89,814) Reoonclllallon of funds Total funds brought forward 197717 557 360 665 183 1,420 260 1510074 Total funds carrSed forward 245,392 504,325 666,887 1,416.604 1,420,260 The statement of financlal activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing aclivitios. Th8 notes on pages 11 to 28 form an integral part ol these fSnancial statements. Page 8
Parochlal Church Councll of St Andrew's Plymouth (Registration number: 1134779) Balance Sheet as at 31 December 2024 2024 2023 £ £ (As restated) Nole Flxed assels Tangible assets Investments 13 14 686,274 472,929 1.159203 695,045 444 492 1 139.537 Current assets Debtors Gash at bank and in hand 15 16 5,900 259 902 265,802 13,585 320412 333,997 Creditors: Amounts falllng due withln one year 17 53,274 Net current assets 257 401 280 723 Net assets 1416 604 1,420,260 Fund5 of the charlty: Restricted Income funds Restricted funds Revaluation reserve 45,218 621.671 34,879 630,304 Total restricted 666 887 665 183 Unreslricted Income funds General funds Designated funds Total unrestricted funds 245,392 504 325 197,717 557 360 749 717 755 077 Total funds 19 1,416.604 1,420.260 Tlio financlal statements on pages 8 to 28 w&r8 approved by the trustees, and authorised for issue on 11:.4.: L%.. and signad on thelr behalf by: yte Trustee Mr Peter H Trustee gkinson The notes on pages 11 to 28 form an integral part of these financial statements. Page 9
Parochial Church Council of St Andrew's Plymouth Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 £ £ (As restaled) Note Cash flows from uperatlng ectlvities Net cash expenditure Adjustments to cash flows from non-cash items Deprèciation Inve5tmenl income Revaluation of Inveslrnents (3,656} (89,814) 9,871 115,217) 11,084 (7,510) (40,262) (107,949) Working capilal adjustments DeGreasa in debtors Decreas8 in Gredilors 15 17 7,685 29,586 Net cash flows from operating activities Cash flows from Investing actlvlties Interest receivable and similar income Purchase of tangible fixed assets Purchase of investments Sale of irsvestments 77,450 15,217 11,100) 1142,312) 145 135 7,510 13 14 {257,746) 248 108 Nat cash flows from investing activities N?t decreaso in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equlvalents at 31 December 16,940 2,128 (60,510) 320.412 (84,8431 405 255 259 902 320,412 All ol the cash flows are derived from contlnuing operations during the above two periods. The notas on pages 1110 28 form an integral parl of these financial statements. Page 10
Parochial Church Councll of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 1 Accounting policies statement of compliance The financSal statements have been prepared in accordance with the second 8dition ot the Charities Statement of Recommended Praclice issued in Oclober 2019, the Financial Reportlng Standard applicable in the United Klngdom and Republic of Ireland {FRS 1021 and the Charities Act 2011. Basls of preparation Parochial Church Counc51 of St Andrew's Plymouth meets the definition of a public benefit entity under FRS 102. The accounts Ifinanclal statements} have been prepared under the historical ¢osl convention with items recognised at cosl or transaction value unless otheNise stated in the relevant notelsl to these accounts. Golng concern The trustees consider that there ar& no material uncertainties about the charlly's ablllly to continue as a going concern. Judgements The preparation ol the financial statements requlres management to make judgements, estimates and assumptions that affect the amounts r8POrted. These estimates and judgements are continually reviewed and arè basod on experlence and other factors, Includlng expectations of future events that aro believed lo be reasonable under Ihe circumstances. Fund slructure Unrestricted funds are made up of unreslrlcÈ8d ggneral funds and deslgnated funds, avallable for use at the discretion of the trustees to further any of the charily's purpos8S. Designatéd funds are made up of funds whlch were unr&stri¢ted general fund5 which have been designated for a purpose by the trustees. Details of the designated f unds are giveii in the analysis of charitable funds note, and may be transferred back into general unrestricted funds at any point by Ihp board of trustees. Restricted funds are subjected to restrictions on thelr expenditure declared by the donor or through the terms of an appeal, and fall into one of two sutFclasses'. restricted income lunds or endowment funds. Page11
Parochial Church Council of St Andrew's Plymouth Notes to the Flnancial Statements for the Year Ended 31 December 2024 (continued) Incoming resources All income is included in the statement of financial activities when entitlement has passed to Iho charity. it is probable that the economic benefits associated with the transaction will flow to th8 charity and the amount can b8 reliably measur8d, The following specific polici&s are applied to particular categories of Income: income from donations or grants is reoognised when there is evidence of 8ntitlemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income Is recognised when receipt is probable and entitlemonl is established. Income from contracts for the supply of sorvices is recognised with the delivery of the conlracled service. Thls is classified as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and returned il unspent, In whlch case it may be regarded as restricted. Investment Income Dividands are recognised once the dividènd has been declared and nolificallon has boen received of the dividend due. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT whlch cannot b8 fully recovered, and is classified under headings of the stalemenl of financial activitles lo which il relales., expenditure on charitable activities includes all costs Incurred by a charlty in unclertaklng activities that lurther its charitable aims for the benefit of Its beneficiaries, including those support costs and ¢osls relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils 8xpenditure on charitab58 activities. All costs are allocated to 8xpenditure categories reflecting thè use of the resource. Direct costs attributable to a single activity are allocaled directly to that activSty. Shared costs are apportioned betwaen the activities they contribute to on a reasonable, justiflable and consistent basis. Charitable activitles Charitable expenditure comprises those costs incurred by Ihe charity In th& delivery of ils activities and services for its beneflciaries. It includes both costs that cam be allocated directly to such aclivities and those costs of an indirect naluro necessary to support Ihem. Support C05ts Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use ol rosources, for example, allocating property costs by floor areas, or per capita, staff costs by the lime spent and olher costs by their usage. Page 12
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Tanglble lixed assets Consecrated and benefice prop8rty is not included in Ihe accounts in accordance with s,1012)(a) and {c) of the Charities Act 2011. No value is placed on movable church lurnishings which require faculty for disposal since they ara considered to be inallenable property, All other tangiblg assets are initially recorded at cosl, and subsequently slat8d al cost less any accumulated depreciation and impairmént losses. Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe dale of revaluation less any subsequent aCcuUlated depreciation and subsequent accumulated impairment losses. An increase in the carrying aoUnt of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unlass il reverses a chargg for impairmont that has previously been recognised as expgnditure withln the statement of financial activities. A decrease in the carrying amount of an assel as a result of rovaluation, is recognised in other recognised galns and losses, axcept to which it offsets any previous revaluation gain, In which case the loss Is shown within other recognised gains and losses on the statement of financial activities. Depreclation and amortlsatlon Depreciatlon is calculated so as to write off th8 cost or valuation of an assel, less its resldual value. civer the useful economic life of that assot as follows., Freehold property - 2?/• Straight line Unrestricted Equipment & Furniture - 25 % straight lino Restricted Equipment & Furniture - 25°/o Straight lina Flxed asset Investments Unlisted equiiy investments are Initially recorded at Gost, and subsequently rneasured at falr value. If falr value cannol be reliably measured, assets are measured at cost18ss impairmenl. Llsted investments are measured at fair value with changes in fair value being recognised in income or expenditure. Page 13
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Flnancial instruments A financial assot or a financial liabllily Is recognised only when the enllty becomes a party to the contractual provlslons of the Instrument. Basic linancial inslrumenls are Initially recognised at the amount recelvable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, whore it is recognised at the present value of the future paymenls discounted al a market rate ol interest for a similar debt instrumenl. Current assets and current liabllitles are subsequently measured at the cash or other consideralion expected to be paid or rgcoived and not dlscounted. Debt instruments are subsequenlly measured at amortised cost. Investments Investments in non-convertlble preference shares and non-puttable ordinary or preference shares (where shares are publlcly Iraded or their fair valu8 is relSably moasurablel are measured at fair value through profil or loss. Where fair value cannot be measured reliably, investments are measured at cost less Impairmenl. Deflned contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in whlch th8 related service is provided. Prepaid contributlons are recognised as an asset to the extent that the prepaym8nt will lead to a reduction in fuluro payments or a cash rèfund. When contrlbutions are not expected to be settled wholly within 12 months of the end of the reporting date in which the efflployees render the related service, the liability is measured on a dlscounled Pl'8seiit Vdlue basis. The unwlndlng of the discount Is recognised as an expense in the period In which It arlses. Pago 14
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) 2 Income from donatlons and legacles Unrestrlcted funds Designated General Restricted funds Total 2024 Donations and legacies., Gift Aided and Non-Gilt Aided envelopes Income Tax recoverable Collections (open plate) Books Special events FIT solar panels VAT recovered Youthwork donations Legacies and donations Parkhous8 and Dingle Trusts 219,876 52,539 21,479 1,505 2,030 5,622 1451 5,244 51,000 33,890 7,124 253,766 59,863 21,479 1,505 2,030 5,622 {451 5.244 51,000 42,476 442 740 42,476 83,490 359,250 Included withln legacies and donatlons Is a particularly material gift of £50,000, Unrestrlcted funds General Restricted funds Total 2023 Gift Aided and Non~Gift Aided envelopes Income Tax recoverable Collections (open plate) Flowers Special events FIT solar panels VAT recovered Legacies and donations Parkhouse and Dlngle Trusts Legacles and bequests 202,240 50,000 17,432 50 2,093 5,806 6,196 11,503 38,274 8,314 240,514 58,314 17,432 50 2,093 5,806 6,196 11,602 1,090 99 1,090 295 320 347 636 Page 15
Parochial Church Council of St Andrew's Plymouth Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued) 3 Income from charltable actlvltles Unreslricted funds General Restrlcted funds Total 2024 Total 2023 Youthwork Hospitality Noah's Ark Chaplaincy fees- Plymouth College Maintenance box and incldental contributions Holiday Club Snack and Chat Hire of Church and facilities Weddings Funerals 15,751 5,473 2,397 5,473 2,397 3,000 3,000 3,000 3,767 3,767 2,236 1.654 15,749 3,470 1,414 14,824 2,492 1,414 14,824 2,492 37,940 37,940 4 Inveslment income Unreslrlcted funds Deslgnated General Reslricled funds Total 2024 Interest receivab5e and Similar incom8. Interest receivabl6 on bank deposits other income from fixed asset inveslments 14.514 64 14,578 639 639 639 64 Unrestricted funds Deslgnated General Restricted lunds Total 2023 Interesl receivable and similar income; Interest receivable on bank deposits other incom8 from fixed asset investments 4,000 156 4,156 3,354 4,000 156 7,510 Page 16
Parochial Church Council of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2024 (continued) 5 Other Income Unrestrlcted funds General Total 2024 Total 2023 Renlal income 8,875 6 Expendlture on raising funds a) Investment management costs Tolal 2024 Total 2023 Administration of the Investments 3.462 5,303 Page 17
Parochial Church Councll of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2024 (contlnued) 7 Expendlture on charltable actlvltles Unrestrlcted funds Deslgnated Genèral Reslrlcted funds Total 2024 Activities undertaken directly Allocated support costs Governance costs 78,857 2.615 347,314 26,446 3,474 81,472 377,234 Unrestricted funds Deslgnated General 64,327 490,498 29,061 64,327 Restricled funds 523,033 Total 2023 Activities undertaken directly Allocated support costs Governance costs 123,083 337,331 25,470 44,692 505,106 25,470 123 083 365 771 533 546 7a. Analysis ot charitable actlvity by category Unrestricted funds Deslgnated General Restrl¢ted funds Total 2024 Wages and salaries Comrnon share due to diocese Rent Light, heat and water Repairs and malnlenanc8 Insurance Administrative expenses (office, telephones and clergy) Other sundry itetns Mission partnership Payment to Dlocese Youthwork Dgpreciation. amortlsation and other similar costs Allocated support costs Independent Examiner's remuneration 20,000 125,257 145,045 16,250 3,971 22,491 14,684 145,257 145,045 16,250 3,971 74,900 14,684 39,000 13,409 5,298 3,161 5,298 3,161 42,285 19,857 9,919 42,285 19,857 9,919 1,238 26,446 8,633 9,871 29,061 2,615 3,474 377.234 81.472 64,327 523,033 Page 18
Parochial Church Council of St Andrew's Plymouth Notes to the Flnancial Statements for the Year Ended 31 December 2024 (continued) Unyestrlcted funds Designated General Restrlcted funds Total 2023 Wages and salaries Common share due lo diocese Rent Light, heat and water Repairs and mainlenance Insurance Administrative expenses (off ice, telephones and clergy) Other sundry items Events. weddings and funerals Waiver of loan to Abbey Hall Grants out Mission partnership Youthwork Depreciation, amortlsallon and other similar costs Allocated support costs Independent Examiner's remuneratlon 25,000 112,772 142,444 10,221 4,883 26,968 11,828 137,772 142,444 10,221 4,683 66,532 11,826 39,566 3,452 4,855 5,219 3,452 4,855 5,2fj9 28,517 30,000 44,692 3,809 28,517 30,000 44,692 3,809 11,084 25.470 11,084 25,470 2,970 365,771 123,083 44.692 533,546 Page 19
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) 8 AnalysTS of governance and support costs Unrestricted fuiids Deslgnated Total 2024 Total 2023 General offic Premises Finance costs Staff costs Governancc costs 2,615 10,896 7,194 1,372 545 16.359 548 17,617 2,615 32,535 9 Net Incomlngloutgolng resources Net OLJtgoing resources for the year includa: 2024 2023 Depreclation of fixed assets 11,084 10 Trustees remuneration and expenses No trustees, nor any persons connected with thom, have received any remuneration from the charlty during the year. No trustees have received amy other benefits from tho charity during tho year. Pag8 20
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 11 Slaff costs The aggregate payroll costs wère as follows: Total 2024 Total 2023 Wages and salarles Pension costs 159,162 153,390 741 154 131 162 874 The monthly average number of persons Ilncludlng senlor management I leadership team) emp5oyed by the charity during the year was as follows: 2024 2023 EmpSoyees 12 12 No employe8 recaived emoluments of more Ihan £60,000 during the year 12 Independent examiner's remuneration 2024 2023 Examination of the financial statemonts 3,474 Page 21
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 Docember 2024 (continued) 13 Tanglble fixed assels Land and Furnlture and bulldlngs equipment Total Cost Al 1 January 2024 Addilions 724,000 108,721 832.721 At 31 December 2024 724 000 109821 833 821 Depreciatlon At 1 January 2024 Charge for the year At 31 December 2024 28,956 108,720 221 137,676 108 941 147 547 Nel book value At 31 December 2024 685,394 880 686,274 At 31 December 2023 695,044 695,045 The land and buildings comprise the curate's house at Lipson Road, flats at Lambhay Hill, Plymouth and an equity share in a curate's house al Glenhurst Road. During the year endlng 31 Dec8mb8r 2020 all properties wore revalued by the Irustees to reflect thelr fair value. The propertie8 were deemed to havo a fair value based on current market rates of £724,000. The additional £647,570 generated from tho revaluation wlll be held in restrictod funds as an unroalised gain until any subsequent disposal. revaluatlon or Impairment of the propertl8s. Page 22
Parochial Church Council of St Andrew's Plymouth Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued) 14 Flxed asset Investmenls 2024 2023 Olher investmenls 472,929 444,492 Other Investments Llsted Investments Total Cosl oy Valuation At 1 January 2024 Revaluatlon Addilions Disposals At 31 December 2024 444,492 31,260 142,312 145,135 444,492 31,260 142,312 145,135 472 929 472 929 Net book value At 31 December 2024 472,929 472 929 At 31 December 2023 444,492 444,492 15 Debtors 2024 2023 Prepayments Accrued Income other debtors 700 3,200 2,000 5,900 560 4,000 13,585 Page 23
Parochial Church Councll of St Andrew's Plymouth Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (contlnued) 16 Cash and cash 8quivalents 2024 2023 Cash on hand Cash at bank 128 259,774 259.902 110 320 $02 320412 17 Credltors: amounls falllng due wlthin one year 2024 2023 Other creditors Accruals 547 42,646 10,828 8,401 18 Penslon 8nd olher schemes Delined contrlbutlon plan Th8 total cost relating to d@fined contribution schemes for th8 year recognised in profit or loss as an expens8 was £3,712 (2023 - £741). Page 24
Parochlal Church Councll of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 19 Funds Other Balance at recognised 31 gains l December (losses) 2024 Balance at 1 January Incoming 2024 resources expended Transfers Resource Unrestrlcted funds General Unrestricted Funds 197,717 419,504 (377,2341 5,405 245,392 Deslgnated Legacy Fund Property Maintenance Fund 519,928 639 (75,9341 31,280 475,893 557 360 639 31,260 504,325 Total unrestrlcted funds 755,077 420,143 462.168 749 717 Restrlcted funds Partnership Fund Studant Worker Fund Parkhousè and Dlngle Trusts Bell & Tower Fund Revaluation reserve Minlstry Fund House Party Fund Sundry restricted fund Organ Legacy Fund 4,873 164 41,078 (42,591) 3,360 164 7,707 11,293 621,671 100 5,924 42,476 50,183 111,812) (8,6331 519 613,038 100 (5,924) 42 42 665 183 76,445 666,887 Tolal funds 1.420,260 503,697 538 613 31,260 1.416 604 Page 25
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Other recognised Balance at galns131 December (losses) 2023 Balanc8 at 1 January Incomlng Resources 2023 resources expended Transfers Unrestrloted funds General Unrestrlcted Funds 194,942 359,913 (365,771) 8,633 197,717 De51gnated Legacy Fund Property Maint8nance Fund 611,664 3,354 (128,386} 33,296 519,928 649,096 3.354 128 386 557 360 Total unrestricted funds 844 038 363 267 494 157 8.633 33,296 755 077 Restricted funds Partnership Fund Student Worker FLJnd Parkhouse and Dingle Trusts Bell & Tower Fund FlovaluatSon reserve Ministry Fund House Party Fund Sundry restricted fund Organ Legacy Fund 1,632 47,933 {44,692) 4,873 164 164 7.707 7,707 11,293 11,293 630,304 100 {8,633) 621,671 100 5,924 5,924 42 42 8,870 666 036 4.539 8,633 665,183 Total funds 1,510,074 415739 538,849 33,296 1420 260 Page 26
Parochial Church Councll of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 Decèmber 2024 (contlnued) The speclfic purposos for which the funds are lo bè applied ar8 as follows: The Partnershlp Fund ~ or more correctly, Misslon Partnership Fund collects the addillonal voluntary giving of individuals within the church wishing to support SP8cilic UK and International mission enterprises of thelr cholce. Th8 Student Worker Fund has no current activity. Historically, it was a collection of voluntary gifts to support the employment costs of any student workers. The Parkhouse and Dlngle Funds are both funds established by bequ8Sts of separate individuals with the object ol supporting differing music related expenditure within the church. The Bell Tower Fund, now not considered a restricted fund under the Irusteeship of the church, collected contributions of Individuals in support of expenses related to the church's bell ringors. The fund is administered outside the church trustees, area of rosponsibility. The Revaluation Reserve reflects the increase in value resulting from the revaluatlon of property which was funded by restricted income. As the original fundlng was restricted, the revaluation gain is also treated as restricted. The reserve is non-distributable and will be r&loased upon depreciation or disposal of the property. The Mlnlstry Fund has no current purpose. Historically it was an a collection of voluntary gifts to support a varleiy of costs relating lo th8 any of th8 church's clsrgy. The House Party Fund has now been wound-up bul hlstoric811y collected funds to assist those with loss means loin the perlodic residential house parties organlsed by the church. The Sundry restrlcted Funds have no ongoing purpose and no specifiG purpose. The Organ Legacy Fund was formed by speclflc legacies and donations towards the ongoing major church organ renovation. It has been wholly applied to the relevant expenditure during the year under revlew. Page 27
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 20 Analysis of net assets between funds Unrestrlcted funds General Total funds at Restrlcted 31 December funds 2024 Tangiblé fixed assets Fixed asset inveslments Current assets Gurrent liabilities 55,970 472,929 257,991 630,304 686.274 472,929 265,802 7,811 Total net assets 778.489 Unrestricted funds General 638.115 1.416 604 Total funds at Restrlcted 31 December funds 2023 Tanglble flxed assets Fixed asset investments Currènt assets Current liabilities 64,741 444,492 248,664 630,304 695,045 444,492 333,997 53,274 85,333 Total net assels 746,123 674 137 1,420,260 21 Related party transactions There were no related party transactlons in the year. Page 28