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 aCcu￿Ulated depreciation
and subsequent accumulated impairment losses.
An increase in the carrying a￿oUnt 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