Charity registration number.. 1134779 Parochial Church Council of St Andrew's Plymouth Annual Report and Flnancial Statements ror the Yoar Ended 31 December 2025 WESTCOTTS ARTEPED AC¢OVNTANT $ BU$INES$ AJVI$E
Parochial Church Council of St Andrew's Plymouth Contents (continued) Truslees, Report 1107 Indepenclenl Examingr's Report Slalemenl of Financial Activities Balance Slieet Cash Flow Slalemenl 11 Notes lo the Financial Slalemenls 121029
Parochial Church Council of St Andrew's Plymouth Trustees, Report The InJ51ees presonl the annual report together with th8 financial slalemenls of the charity for the year ended 31 Decernber 2025. Aim and Purpose st Andrew'8 Parochial Church CounGII (PCCI has the responslbillty of cooperating with the Incumbent, the Reverend Joe Dent, In promoting In the ecclesia81ical parish, the whole mission of the Church. pastoral. evangelisllc. soclal and ecumenical. The PCC is responslble for maintaining the Church buildlng, which Is 8 Grade I Ilsted buSldlng. Objectivos and AGtivltios The PCC Is commlllgd to the goal of enabllng St Andrew's lo live for. worshlp and proclalrll Jesus Chrfsl In the heart of Plymouth and beyond. When plannlng our aGlivilies, the PCC has considered the Charity Commission's guidanc8 on public benefit, and In particular the specific guldance on charities for the advancemgnl of r8llglon. Our services are welcoming lo all and we s8ek to make the Christian faith accessible and und8rslandabl8 offering a range of styles in whlch a wlde vartèty of people feel omfortable particlpating. We foGUS our acllvS1ies In four areas: We have 8 heart for J8SU8 and HIS Gosp81 Wg have a hoari for Prayer We have a heart for Each Other We have a heart for Plymouth and beyond To facllllate Ihls worf(, It Is vltal that we malntaln the fabrlc of the Church bullding. Publlc bgneflt The Iruslees conflm that they have complied with the requlremenls of secllon 17 of the Charltlos Act 2011 to have due regard lo th& public benefll guidance publish8d by the Charity Commlsslon for England and Wales. Use of volunteers A large numb8r of volunteers make a wlde mnge of activities possible we are deeply grateful lo them all. Around 130 of these volunte8rs are requlred lo undertake a varlely of safeguardlng training. Page 1
Parochial Church Councll of St Andrew's Plymouth Trustees, Report (continued) Achlevement5 and performance A heart for Jesus and His Gospel The PCC ib keen lo offer a range of servicès, not only on Sundays, but also duilng the week, that our community will find both beneficial and spiritually fulfilling. The leaching of the Bible is Central lo all our services, and our response in worship is enhanced by a large number ol musicians and singers ably led by our Director of Music. Passing on the faith lo the next generation is a significant part of our vision and over the last year we have appointed a new Children's Worker and a new Youth Worker - along wilh our Assistant Mlnisler for Young People and Families, they oversee our work with young people in church and also spend signlliGanl lime leading clubs, ¢olleGlive worship and Christian Unions in 5 schools in the city. A heart for Prayer We seek lo be a prayerful church by encouragin9 prayor individua11y Iwilh the help ol our daily prayer diary) and corporately at our maln services and In our growing monthly prayer meeting, Sl Andrew's Night. A heart for Each Other The churcli's Electoral Roll was renewed in readiness for the Annual PaTochial Church Meeting held in April 2025 al which lime the number on the Roll stood al 226. Since then 4 names have been rèmoved fiotn the Roll and, in preparalSon lor Ihe 2026 Annual Parochial Church Meeting, a further 35 names have be&n added giving a lola5 of 257 as al 5 April 2026. 28 Members Side In the parlsh. Our weekly attendance figure Is around 400 adults, bul this number in¢reases signilicanlly al Easter and Christmas, There have baen 18 baptisms, 5 weddings and 14 funerals during the year. We have welcomed several new people and families lo our congregation during 2025. A number of community groups meet in the church building and around the city throughout Ihe week lo slLtdy 1110 Bible, play with and care for each other, and a new central communlly group began meeting In September. A central Sludenl group, 'Rools', gathers around 50 students each week for Blble study and fellowshlp. A heart for Plymouth and Beyond We seek lo make th¢ Christian message acSsible and relevant lo as many as possible. We offer faSth courses such as the Chrisllanily Explored Course lo those who would like lo find out more about Christianity - th& lake up after the 2025 Christmas services was particulady ellcouraglng. Snack and Chat is a popular Tuesday morning group for 'lhe lonely or bereaved. which atlracls about 40-50 people from the ¢ommLJnily for conversallon and friendship. Along wllh several other churches and the PSymoulh Charity 'Transformlng Plymouth Together. we helped lo establish a Dental Hygiene Hub in the city ntre. We also serve our local communily by running a parents and toddlers group I'Noah'8 Ark'l and contrlbuling lo a city 'hygiene hub, and food bank. In January 2025 a new 'Memory Cafe, was established to provide community and appropriate exercise for those experiencing memory loss. The Church building is frsquenlly used by local orchestras and choirs for their concerts. One highlight ol the year was our Hope for Life concert organised by our Outreach Worker and led by the community choir - the evening was aimed al engaging people In the Chrfsllan faith while al the same lime raising money for a local homelegsness charity. Our mission committee supports and communicates with several missionaries overseas and in the UK. In 2025 wè gave £39,735 to misslon worf( al home and overseas. Page 2
Parochlal Church CounGiI of St Andrew's Plymouth Trustees. Report (continued) Church Fabrlc We are delighted to be able lo open tho bullding on weekdays. St Andrew's18 a signiflcanl and spgcSal building in the heart of the dty centre and Is well vlslled by many tourists and used by many others as a quiet place to think or pray. A stream of church mernbers and the publlc come Into the church during the week to vlsil the church office which is based in the building, or to attend other meetings or events. The labrlc of the building is overseen by the eight members of our Property Management Group, chaired by one of the Churchwardens. Signlficanl work in the last year has included.. The bNo gas fired boilers have been replaced wllh new and more energy efficlent gas boilers as the first stage of our healing strategy The north Iransepl roof which was leaking and causing water damage has been replaced • New healers have bean installed in the choir vestry, Rectorfs vestry and office Emergency lightin# has been installed in the bell lower A significant nutnber of repairs or items of mainl&nance have been completed over the course of the year to ensure th8 building is safe and in good order. The church clock has been repaired so that all faces show the correct lime. Th8 PCC owns Iwo flats on Lambhay Hill in the parish with a member of our Property Management Group ading as landlord on behalf of thè PCC. We are concerned that the Lislecl Places of Worship Grant Scheme which allowed us to recover VAT on essential repairs and maintenance has now ended. Over r8cenl yoars Ihis has enabled us lo recover lens of thousands of pounds on the cost of the work required lo maintain this important Grade 1 Ilsled building. We are not Confident that th& new Places of Worshlp Renewal Fund wlll be as helpful lo us and may result In Increased bUreaua¢Y and form-filllng. Other actlvltles We run a range of acllvllies whlch Include young people's groups, music groups, bell ringing, civic S81ViC8s and various other occasional activi11gS. Page 3
Parochlal Church Council of St Andrew's Plymouth Trustees, Report (Gontinued) Financial review The many pages making up the church's annual aGGounls are somewhat bewlldering lo many. For that reasori, we have provided this year, a simpler summary ol the ¢hurch's Income and Expenditure Account arid ealance Sheet which the PCC use for their guidance during the year and which may be read alongside the lull independent5y examined accounts in slalutory format. We conliniie lo manage the ever increasing cost ol running a1arge and very actlve church, although, 11 musl b& recognised that that is only currently possible because of the availability ol funds from the Mlchael Mace Legacy and the Fabric Fund representing the residue of the 'Friends of Sl Andrew,. Of course, both Ih05e sources are finite and will need lo be replaced by our own contribution if the extensive work, particularly amongst students and Children, Is lo continue lor years lo come. Our major areas of expenditure will always be our contribution lo the Comrnon Fund of the diocese 1£144,375-- an unusual decrease of £673 from 20241, the primary purpose of which Is lo covor the Gosl of stipends. housing and Iralnlng of our clergy, followed by the salaries and support Cosls of our staff. Insurance along with the maSnlenance and repair ol our very beautiful Ghurch ar8 also continuou5 major oulgoings. AllhoLJgh we had hoped that the extensive work lo the oigan woukj have been cornpleled and paid for by the end of the year. there remains a little Tnore lo be done. It should be noted. however. that Ihg very significant cost of that has not impacted our general expenditure, slnce Ihe full costs will be m&1 by funds gen8rously donated together with those transferred from the historic trusts for the support of music, the scope ol whlch have now successfully been widened after much dedicated effort by a member of our congregation. Pollcy on reserves The policy DI the PCC Ss to malnlain reserves which would covef 6 months rijnning expenses. Based on the 20?5 accounts such an amount is well covered by our overall unreslricled reserves as al 31 December 2025. Golng concern The financial slalemenls have been prepared on the golng concern basis. There are no material uncertainties r8laled to events or condllions that may cast significant doubts upon the PCC'S abllily lo continue as a golng concern. Safeguardlng The PCC has cornpliecl with the duly under se¢lion 5 of the Safeguarding and Clergy Disclpline Measure 2016 (duly lo have regard to the House of Bishops, guidance on safeguarding children and vulnerable adults). stafflng In addition lo the clergy (who are employed by the Church Commissioners), the PCC employs an Adminislralor, an Adminislralive Assistant, a Caretaker, an Outreach Worker, a Director of Music, an Assistant Mlnlsler for Chlldren and Young Families, a Youth Worker and a Children's Worker. Page 4
Parochial Church Council of St Andrew's Plymouth Trustees. Report (contlnued) structurej governance and managemènt The molhod of appointment of PCC members is sel out in the Church Representation Rules. The Councll comprises tho Incumbent and other clergy Ilcensed lo the parish, the Churchwardens, Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meellng by (hose on the Electoral Roll. Members of the congregation are always urged lo join the Electoral Roll, and lo consider standing for election lo the PCC. The PCC members are responsible for making decisions on all mallers of general concèrn and importance in the parish, 8nd for all flnancial matters. The full PGC met twelve Ilmes during the year, six held face-to-face and slx held online. The PCC'S main sub-commlttees are Standlng and Finance, Mlssion, Fabric, Safeguarding and Health and Safety. Each r8POrts back lo the PCC. Admln15tralive Information The Church's address Ig Royal Parade, Ptymoulh, PL12AO and is part of the Deanery of Plymouth in the Diocese Df Exeler. The PCC is a body corporate {PCC Powers Measure 1956, and the Church Represenlallon Rules 20061 and is registered with the Charity Cornmission, registration number 1134779. Page 5
Parochial Church Council of St Andrew's Plymouth Trustees, Report (continued) Trustees and offi¢er5 The Iruslees and officers servlng during the year and since the year end were as follows.. Reverend Joe Dent Ex Officio.. The Incumbent Clergy.. Reverend Philip Cairns Reverend Timothy David Partrldge Churchwardens: Mrs Rita Leah Whyle Mr Peter Hodgkinson Deanery Synod R&ps-. Mr Malcolm Avery Prideaux Mrs Katherine Kingdom Mr Bill Duncan Mr John Willlams Elected Members: Mrs Pauline Arkle Mrs Judy Hodgkinson Mrs Janel Greaves-StoGker Mr Graham James V05per Bsc (resigned 1 Apyll 20251 Mrs Debra Fewsler Dr Jeremy Neil Clark Cchem MRSC Mrs Nicola Susan Duncan Mrs Becky Hodgkinson Mr Andrew Whyte Mrs Lorna Trenchard Mr Nick Shaw (resigned 1 Aprll 20251 Mr lain Hildyard Mr Aubrey Frank Curtis Dr Jim Cooper lappoinled 1 Aprll 20251 Ms Sue Sarbro {appointed 1 April 20251 Ms Karen Tunstall lappoinled 1 Aprll 20251 Mr Bob Styring (elected April 2025, previously a co-opted member) Bill Duncan res1gned as an Elected Member in April 2025 lo become D8anery Synod Representative. Page 6
ParoGhial Church Coun¢il of St Andrew's Plymouth Trustees. Report (continued) Statgment of Trustees. Responslbllltles The Iruslees are responslble for preparlng the trustees, report and the financial statements In accordance wllh the United Kingdom Accounting Standards {Uniled Kingdom Generally Accopl8d Accounting PraGllcel and applicable law and regulations. The law appllcabl8 lo charilies requires the Irusle88 lo prepare financial statements for each financial year which glve a true and fair vlew ol the slate of affairs of the charity and of the incoming resources and applicallon of resources of the charlly for that period. In preparing these financlal statements, the tfusleos are requlred lo., select suitable accountlng policies and then apply thetn conslslenuy.. observe the methods and principles in the Charltles SORP,. make judgem6nls and estimate5 that are reasonable and prudtsnt,. stale whether applicable accounllng standards have been followed, subjgGI to any material dopartures disGlosed and explained In the financial 81alemenls'. and prepare the financial slalemenls on the going conc8rn basls unless il is Inappropriate lo presum8 that the charity will ¢onlinua in busln8SY. The Iruslees are responsible for keeping proper accounting records that dlsclose w51h reasonable accuracy al any time Ihg financial position of the charlly and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charities {Accounls and Reports) Regulations 2008, and the provisions of thg constilulion. The truslegs are also responslble for safeguarding the assets of the charity and hence for tang reasonable steps for the prevenllon and deloction of fraud and other irregul8rllles. The trustees are responsible for the maintenance and integrity of the corporate and financial Informatlon Included on the charltable company's website. Logislalion govemlng th8 preparation and dlssemlnalion of finandal statements may dlff&r from legislation In other jurlsdlcllons. The annual report was approved by Ihg Iruslees of the charlty on behalf by. Mrs Paullne Arkle Trustee Mrs Rita Leah Wtri Trustee Mr Peter Hod Trustee inson Pag& 7
Parochial Church Council of St Andrew's Plymouth Independent Examiner's Report to the trustees of ParoGhial Church Council of St Andrew'5 Plymouth I report lo the trustees on my examination of the accounts of Parochial Church Council of St Andrew's Plymouth for the year ended 31 December 2025. Re5ponsibllities and basls of report As the charity trustees ol Parochial Church Councll DI St Andrew's Plymouth you are responsible for th& prepariition of Ihe accounts in accordance with the requirèmellls of the Charities Act 2011 I'lhe Acl'l. I report In respect of my examination of the Paroch181 Church Council of Sl Andrew's Plymouth's a¢¢ounls carried out under section 145 01 the 2011 Act and in Carrying out my examination I have followed all the applicabl& Directions given by the Cfvarily Commission under seclion 14515llbl of the Act. Independ@.nt examlner'5 Statement Since Parochial Church Counc51 of Sl Andrew's Plymouth's gros8 in¢om8 exceeded £250,000 your exarnineT musl be a member of a body listed in section 145 01 the 2011 Act. I confirrll Ihat l am qualified lo undertake the examlnalion because l am a member of , which is one ol the listed bodie3. I have completed my &xaminalion. I confirm Ihat no material matters have come lo my allenlion in connection with the examination giving m8 cause lo believe that in any material resp6cl', accounting records were not kepl in respect of Parochial Church Councll of Sl Andrew's Plymtsulh as required by secllon 130 of the Act- or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting reqU1ments concernlng the form and content of accounts s81 out in the Charllles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and falr VIe whlch Is not a maller consldered as part of an Independent examination. I have no concerns and have come across no other mallgrs in connection with the examlnalion lo which allenlion should be drawn in th58 report In order lo enable a proper understanding of the accounts lo be reached. Mallhew Keane FCCA W&slcolls {SW} LLP Plym Houthe 3 Longbridge Road Marsh Mills Plymouth PL6 8LT Dale.. ..2..1./.7/.9.4. Page 8
Parochlal Church Council of St Andrew's Plymouth Statement of Financial Activities for the Year Ended 31 December 2025 Unrestrlcted funds Deslgnated Restrlcted funds funds Total 2025 Total 2024 Note Income and Endowments from.. Donations and legacies Charftable actlvilles Inveslrnent Income Other income 330,502 40,094 7,492 6,543 112.203 442,705 40,094 10,848 6,543 442,740 37,940 15,217 7,80Q 3,117 39 Total Income 384,631 3,117 112,242 499,990 503,697 Expenditure on,. Ralsing funds Charitable activities Exceptional items 13,117) 176,223) {3,1171 13,4621 1516,432) 1523,033) 12,118 1391.841 } {48,3681 Total expenditure 391,841 79,340 48,368 519,549 538,613 Nel movement In funds before Investments Gainsllosses on Investment assets Gross transfers between funds 7.210 76,223 19,559 47,034 27,959 27,959 31,260 1,320 1,320 N81 movement In funds 15,8901 148,264} 62.554 8,400 13,656) Reconclllatlon of funds Total funds brought forward 245,392 504,325 666,887 1,416,604 1,420,260 Totsl funds carried forward 239.502 456.061 729.441 1,425,004 1,416.604 The statement of financlal activities includ&s all gains and Ioss8s recognlsed In the y.aar. l income and expenditure derive from continuing acllville8. The nol8s on pages 1210 29 form an Integral part of these flnanclal slatemonts. Page 9
Parochlal ChurGh Council of St Andrew's Plymouth (Registration number: 1134779) Balance Sheet as at 31 December 2025 2025 2024 Note Fixed assets Tangible assets Inveslmenlb 13 14 678,405 350.022 686,274 472,929 1,026,427 1.159,203 Current assets Debtors Cash al bank and in hand 15 16 23,804 401.934 5,900 259,902 425,738 265,802 Credltors: Amounts falling due within one year 17 27.1611 8,401 Net currgnt assets 398,577 1,425.004 257,401 Net asse15 1,416,604 Funds of the charity: Restrlcted income funds ReslriGled funds Revaluation reserve 125.036 604,405 53.849 613.038 Total reslrityled 729,441 666,887 UnrastrictLd Income funds General funds Designated funds Total unrestricted funds 239,502 456,061 245,392 504.325 695,563 749.717 Total funds 19 1,425,004 1.416.604 The financial statements on pages 9 10 29 werg approved by the Iruslees, and aulhorlsed lor issue on .'1.%.1.&3.1.%&and signed on Ihair behalf by.. Mrs Rita Leah Trustee Mr Peler Ho Twslee gkinson The notes on pag8s 12 10 29 form an integral part ol these financial slalemenls. Page 10
Parochial Church Council of St Andrew's Plymouth Cash Flow Stalement for the Year Ended 31 December 2025 2025 2024 Note Cash flow$ from operating activilies Net cash incomel{expendlturel Adjustments to cash flows from non.cash Items Depreciation Investment income Revaluation of 1nveslm8nls 8,400 13,6561 9,869 110,6481 29.793 9,871 {15,2171 31,2601 {40,2621 122.1721 Working capital adjustments Ilncreasellde¢rease in debtors Increaselldecreasel in credllors Net Gash flows from operallng activllles Cash flows from Investlng actlvltles Interest receivable and similar Income Purchase of tangible fixed assets Purchase of investments Sale of investments 15 17 117,9041 18,760 7,685 44,873 21,316 77.450 10,648 15,217 11,1001 1142,3121 145,135 13 14 1528,518) 681,218 Net cash flows from investing act1vl8$ Nel Increaselldecreasel 08sh and cash equivalonts Cash and cash equlvalenls at l January Cash and cash equlvalonts al 31 Decernb8r 163,348 16,940 142,032 160,510} 320,412 259.902 401,934 259,902 Al of the cash flows are derlved from conlinulng operallons during the above two perfods. The notes on pages 12 10 29 form an Integral part of Iheso financi81 slalemenl8. Page 11
Parochial Church Councll of St Andrew's Plymouth Notes lo the Financial Statements for the Year Ended 31 December 2025 1 Accounting policies Statement of ¢ompllance The financial slalemenls have been prepared in accordance with the second edition of the Charllles Slalement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basls of preparatlon Parochial <:hurch Council ol St Androw's Plymouth meets the deflnilion of a publio benefit enlily under FRS 102. The accounts (financlal slalemenlsl have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant notelsl lo these accounts. Going concern The Iruslees consldor that there are no material uncertainties about the charity's ability lo continue as a going concern. Judgements The preparation of the financial stalernenls requlres management to mak8 judgements, esllmales and assumptions that affect the amounts r8POrted. These estirllales and judgements are continually reviewed and are based on experience and other faclors, including expeclalions of future events that are believed lo be reasonable under the circurnslances. Fund structure Unrestrfcled funds are made up ol unreslricled general funds and desionaled funds, avallable for u8e al the discrellon of the Iruslees to further any of the charity's purposes. Designated funds are made up of funds whSch were unreslrlcled general funds whSch have been designaleil for a PLJrpose by the Iruslees. Delalls of the designated funds are given in the analysis of charitable funds note, and may be transferred back into goneral unreslricled funds al any point by the board of Iruslees. Reslrlcted funds are subjected lo restrictions on their oxpendilure declared by the donor or through the terms of an appeal, and fall Into one of sub-classes.. r@strlcted income funds or 8ndowmenl funds. Pag& 12
Parochial Church Councll of St Andrew's Plymouth Notès to tho Financial Statements for the Year Ended 31 December 2025 (continued) Incomlng resources All income is InGluded in the slalement of flnanclal 8cllvitl&s when enlillemonl has passed to the charity, il is probable that the economlc benefits associated with the Iransacllon will flow lo the charlty and the amount can be reliably measured. Th& followlng speciflc pollcl8s are applied to partlGular calegoTles of Income.. income from donations or grant8 Is recognised when there is 9vidence of enllllem8nl lo the gift, receipt Is probable and Its amount can be measured reliably. legacy Income Is recognised when receipt Is probable and enlitl8m8nl is established. Income from contracts for the supply of 88rvlce8 Is r8(xiunls8d wllh th8 dellvery of the contra¢led service. This is classified as unresldcled funds unless there is a conlraclual requirement for11 lo be spent on a particular purpose and returned if unspent. in which cèse it may be regarded as reslrlcted. Investment Income Dividends are recognisgd once the dividend has been declared and nolificalion has been received of the dividond due. ResourGe$ expended Expendllur8 Is recognised on an accruals basis as a liability is incurred. Exp8ndllur8 Includes any VAT whlch cannot be lully rocovered. and is classified under headings of the statement of financial aclivllies lo which11 r8lates'. exp8ndlture on charltable aclivlues Includes all costs Incurred by a charlty In undertaklng aclivi118S that further Ils charitable aims for the beneflt of its beneficiaries. including those support cost¥ and costs relating lo the governanoe of the charlly apportioned lo charitable acllvllies. other expenditure includes all expendllure that is nellher relal8d to raising funds for the charity nor part of its expgndllure on charitable aclivitl8S. All costs are allocal&d to expenditure ¢alegori8s r8flecling the use of the rgsource. Direcl costs allrfbulable lo a 8lngle aclivlly are allocated directly lo that aclivily. Shared costs are apportioned between th8 aclivill&s they conlrfbule lo on a reasonable, lusllflable and conslslenl basis. Charltable actlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servlces for its beneflciaries.11 includes both costs that can be allocated direcuy lo such acliviiles and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been ollocaled lo actiillty cost categories on a basls consistent wllh the use of resources, for example, allocating property costs by floor areas, or per caplla, staff costs by the tlme spent and other costs by th8ir usage. Page 13
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (continued} Tangible fixed assets Consecrated and benefice property is not included in the accounts in accordance with s,1012llal and Icl of the Charities Act 2011. No value is placed on movable church furnishings whlch require faculty for disposal since they are considered lo be inalienable property. All other tangible assets arts Initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carrled at revalued amounts arè rocorded al the fair value al the dale of revaluallon less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An Increase in the carrying amount of an asset 4s a r8sull of a Tevalualion, is recognlsed in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expendllure within the slalemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in olher recognised gains and Ioss8S, except lo which il orfsels any prevlous revaluatlon gain, in which case the loss is shown wllhSn other fecognised gains and losses on the slalemenl of financial aCtvIlIeS. Depreciallon and amortlsotlon Deprecialion is calculated so as to write off the cost or valuation of an asset, less ils residual value. over the useful economic life of that asset a8 follows.. Freehold property 20A slralghl line Unr8slricled Equipment & Furnllure - 2S Its slralght line R8slri¢led Equipment & Furniture- 25Yo slraighl lino Flxed asset Investments Unlisted equity investmentg are InitSally recorded at cost, and subsequently measured al f8ir value. If fair value cannot be reliably measured, assets arè m8asurgd at cost less impairment. Listed investments are measured al fair valua with changes in falr value being recognised In income or expenditure. Page 14
Parochlal Church Councll of St Andrew's Plymouth Notes to the Flnancial Statements for the Year Ended 31 December 2025 (continued) Financial instrumenls A financial asset or a financial liabllity 18 recognised only when tho enlity becomes a party lo the conlraclual provisions of the inslrumenl. BasiG financial instruments are initially recognlseit al the amount CeIv&bIe or payable including any related transaction Go$ls, unless the arrangement conslilLtles a flnanclng transaction. where il is recognised al the present value of the future payments discounted al a market rate of Interest for a similar debt instrument. Current assets and current liabilllies are subsequently measltred al the cash or other consideration expected lo be paid or received and nol discounted. Debt instrumen15 are subsequently measured al amortised cost. Investmont5 Investments in non-convertible prefer&nce shares and non-pullable ordinary or pref8rence shares (where shares are publicly traded or thelr falr value is reliably measurablel are measured al fair value through profit or loss. Where falr valua cannot be measured raliably, Investments ar8 measured al cost less impalrmenl. Deflned contrlbutlon plans Contributions to defin&d conlributlon plans are recognlsed as an expen8e In the period in whlch the related service Is providod. Prepald conlrlbutlons are recognlsed as an asset lo the exlenl that the prepayment wlll lead lo a reductlon In future payments or a cash refund: When conlributlons are not expected to be sellled wholly within 12 months of the end of the reporting dal$ in whSch the employees render the related servlce, the liability is measured on a discounted present value basis. The unwinding of the discount Is recognlsed as an expense in the period in which It arises. Page 15
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (contlnu(!d) 2 Income from donations and legacles Unrestricted funds Genoral Restrlcted funds Total 2025 Donations and legacles., Gift Aided and Non-Gift Aided envelopes Income Tax recovsrable Colleclioris (open plalel FIT solar panels Youlhwork donations Legacies and donallons Parkhouse and Dingle Trusts 210,036 64,727 28,821 7,121 9,797 10.000 35,871 7,071 245,907 71,798 28,821 7,121 9.797 10,000 69,261 69,261 112,203 330,502 442,705 5ncluded within legacles and donations is a particularly material gift of £50.000. Unrestrlcted funds General Restrlcted funds Total 2024 Gift Alded and Non-Gift Aided envelopes Income Tax recov8rable Colleclloiis (open plate) Books SpeGial events FiT solar panels VAT recovered Youthwork donations Legacies and donations Parkhouse and Dingle Trusts 219,876 52.539 21,479 1,505 2,030 5,622 {451 5,244 51.000 33,890 7,124 253,766 59,663 21,479 1,505 2,030 5,622 {451 5,244 51.000 42,476 42,476 359,250 83,490 442,740 Page 16
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 {contlnued) 3 Incorne frorn charltable activities Unrestrlcted fund5 General Restricted funds Total 2025 Total 2024 Youthwork Hospltalily Noah's Ark Chaplaincy fees- Plymouth College Maintenance box and Incidental contribuliuns Snack and Chal Hire of Church and facllllSes Weddlngs Funerals 6,851 6,851 5,473 2,397 4,116 4,116 3,000 3.767 1,414 14,824 2,492 4,573 21,662 2.9g1 4,474 21,662 2,991 4,474 40,094 40,094 37,940 4 Investm&nt Income Unrestrlcted funds Dosignated General Restricted funds Total 2025 Inlerosl recelvable and slmllar income., Interest recelvable on bank deposits Other Incom8 from fixed asset investments 7,492 39 7,531 3,117 3,117 3,117 10,648 7,492 39 Unreslrlcted funds Daslgnated Genèral Restrlcted funds Total 2024 Interest receSvable and similar Income. Interest receivable on bank deposlts Other Incomè from fixed ass81 Investments 14,514 64 q4,578 639 639 639 14,514 64 15,217 Page 17
Parochial Church Coun¢ll of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2025 (continuod) 5 Other IiiGome Unrestricted funds General Total 2025 Total 2024 Rental income 6,543 6,543 7,800 6 Expendlture on ralsing funds al Investment management costs Total 2025 Total 2024 Adminislralion of Ihe investments 3,117 3,462 3,462 3,117 Pag& 18
Parochial Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (contlnued) 7 Expendlture on charltable aGtlvitles Unrestricted funds Deslgnated General Re5trlcted funds Total 2025 Acllvlties undertaken dlreGIIy Allocated support costs GovernanGe costs 76,223 377,088 9,353 5,400 48,368 501,679 9,353 5,400 516,432 76,223 391,841 48,368 Unrestrlcted funds Deslgnated General Restrlcted funds Total 2024 A¢llvill8s undertaken directly Allocated support costs Govornance costs 78,857 2,615 347,314 26,446 3,474 377,234 64,327 490,498 29,061 3.474 81.472 64,327 523,033 7a. Analysls of charltable activlty by category Unrestrlcted funds Deslgnated General Restrlcted funds Total 2025 Wages and salaries Common share due to diocase Rent Llghl, heal 2nd water Repairs and maintenance Insurance Adminislralive expenses (office, telephones and clergy) Other sundry items Mission partnership Payment lo Diocese Youlhwork Depreciallon. amortlsalion and other similar costs Allocated support cost8 Indapendenl Examiner's remuneration 15,000 157,272 144,375 15,000 2,801 22,214 14,683 172.272 144,375 15,000 2,801 42,381 14,683 20,167 3,619 5,780 3,619 5,780 39.735 41,056 10.108 39,735 41,056 10,108 1,236 9,353 8,633 9,869 9,353 5,400 391,841 5,400 516,432 76.223 48,368 Pag8 19
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Unr¢stricted fund$ Designatèd General Reslrlcted funds Total 2024 Wages and salaries Common share due lo diocese Rent Llghl, heal and water Repairs and mainlanance Insurance Adminislralive exponses loftice, telephones and clergy) Other sundry items Mission partnership Payment to Diocese Youlhwork Depreciation, amortisalion 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 3,474 523,033 81.472 377,234 64,327 Page 20
Parochial Ghurch Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (contlnued) 8 Analyst$ of governance and support costs Total 2025 Total 2024 General office Flnance costs Staff costs Governance costs 8,674 679 10,896 548 17,617 3,474 5,400 14,753 32,535 9 Net incomingloutgolng resources Nel outgoing resources for the year Include.. 2025 2024 D&precialion of fixed assets 9,869 9,871 10 Trustees remuneratlon and expènses No trustees, nor any person8 connected wlth them. have received any remuneration from the charity durlng the year. No Irugleès have received any other beneflls from the charity durfng the year. Page 21
Parochlal Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) 11 Staff costs The aggregate payroll cosls were as lollows.. Total 2025 Total 2024 Wages and salaries Pgnslon costs 168.756 3,516 159.162 3,712 172,272 162,874 The monthly average number Df persons lincludlng senior management I leadership leaml employed by th$ charity duiing the year was as follows., 2025 No 12 2024 No 12 Employee5 No employee received emoluments of more than £60,000 during the year 12 Independent examlner's remuneratlon 2025 2024 Examlnallon of the flnanclal slatgmenls 5,400 3,474 Page 22
Parochial ChurGh Council of St Andrew's Plymouth Notes lo Ihe Financial Statements for the Year Ended 31 December 2025 (continued) 13 Tanglble flxed assets Furnlture and equlpment Land and bulldlngs Total Cost Al 1 January 2025 724,000 109,621 833,821 At 31 December 2025 724,000 109,821 833,821 Depreciation Al 1 January 2025 Charge for the year 38,606 9,650 108,941 219 147,547 9,869 Al 31 December 2025 48,256 109,160 1S7,416 Net book v41ug Al 31 Dember 2025 675,744 661 676,405 Al 31 December 2024 685.394 880 686,274 The land and buildings comprise the curate's house at LIpsDn Road, flat8 at Lambhay Hill, Plymouth and 8n equity share in a curate's house al Glenhurst Road. During the year ending 31 December 2020 all propertles were revalued by the truste&s lo reflect thelr fair value. The propertlas wero deemed lo have a falr value based on current market rates of £724,000. The additlonal £647.570 generated from the revaluauon will be held In re81rlcled funds as an unrealised gain until any subsequonl disposal. revaluallon or Impalrment of the properties. Page 23
Paro¢hial Church Council of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2025 (continued) 14 Fixed asset investments 2025 2024 Olher investments 350,022 472,929 Other Snve5tments Listed Investments Total Cost or Valuatlon Al 1 January 2025 Revaluation Additions Disposals Al 31 December 2025 472.929 29,793 528,518 681.218 472,929 29.793 528,518 681,218 350,022 350,022 Net book value Al 31 December 2025 350,022 350,022 Al 31 December 2024 472,929 472,929 15 Debtors 2025 2024 Prepayments Accrued income Other debtors 700 21,943 1,161 23,804 700 3,200 2.000 5,900 Page 24
Parochial Church Council of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2025 (continuedy 16 Cash and cash equivalents 2025 2024 Cash on hand Cash al bank 324 401,610 128 259,774 259,902 401.934 17 Creditors.. amounts falllng dug withln one year 2025 2024 Trade creditors Other taxation and social seourtty Other Creditors Accruals 278 3,491 9.228 14,164 27,161 547 7,854 8,401 18 Penslon and other schemes Deflned Gontrlbutlon plan Tho total cost relating lo deflned contribution sckemes for the year recognlsed in profil or loss as an expense was £3.51612024 - £3.7121. Page 25
Parochial Church CounGiI of St Andrew's Plymouth Notes to the Financial Stat8ments for the Year Ended 31 December 2025 (continued) 19 Funds Balance Balance at1 other at31 January Incomlng Resources recognlsed December 2025 resources expended Transfers galnslllossesl 2025 Unrestricted funds General Unreslricled Funds 245,392 384,631 1391.8411 1,320 239,502 Designated Legacy F"und Property Mainten<ln¢é Fund 475,893 3,117 171,4081 27.959 435,561 28.432 7,932 20.500 504.325 79,340 27,959 456,061 Total unrestrlcled funds 749,717 387,748 471,181 1,320 27,959 695,563 Restricted funds Partnership Fund student WorkeT Fund Parkhouse and Dlngle Trusts Revaluatlon reserve Ministry Fund Sundry restricted fund 3,360 42,942 139,7351 6,567 164 164 50.183 69,300 11,3201 118,163 613,038 100 18,633) 604,405 100 42 42 666,887 112.242 48,368 1,320 729,441 Total funds 1,416,604 499,990 519,549 27.959 1,425,004 Page 26
Parochlal Church Councll of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Balance at Balance at other 31 1 January Incomlng Resources recognised December 2024 resources expended Transfers galnsll105ses) 2024 Unrestricted funds General Unreslricled Funds 197,717 419,504 1377,2341 5,405 245,392 Deslgnated Legacy Fund Property ainlenance Fund 519,928 639 175,934) 31,260 475,893 37,432 9,000 184,9341 28,432 504,325 557,380 639 31,260 Total nre5triGted funds 755,077 420,143 462,168 5,405 31,260 749,717 Restricted funds Partnership Fund Sludenl Worker Fund Parkhouse and Dlngle Trusts Bell & Tower Fund Revaluation reserve 4,873 41,078 142,5911 3,360 164 164 7,707 42,476 50.183 11,293 111.8121 519 621,671 100 18,633) 613,038 100 Ministy Fund House Paty Fund Sundry r8slrlcled fund Orgah Legacy Fund 5,924 (5,9241 42 42 13,409 13.409 665,183 76,445 5,405 666,887 Total funds 1,420,260 503,697 538,613 31,260 1,416,604 Page 27
Parochi<il Church Council of St Andrew's Plymouth Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) The specific purposes for whlch the lunds are lo be applied are as follows.. The Partnership Fund ol more correctly, Mission Partnershlp Fund collects Ihe additional voluntary giving of individuals within the church wishing lo support specllic UK and International mission enlerprlses of their choice, The Sludenl Worker Fund has no current aclivily. Hislori¢ally, it was a Collection of voluntary gifls lo support tho employment costs of any sludenl workers. The Parkhouse and Dingle Funds are both funds established by bequests ol separate indlviduals with Ihe object ol supporting differing music related expendilure wilhin the church. The Bell Tower Fund. now not considered a reslricled fund under the IrusleeshSp of the Ghurch, collected c.onlrlbulions of Indlviduals in Support of expenses related lo the church's b811 ringers. The fund is adrninislered outside the church Iruslees, area of responsibility. The Revaluation Reserve reflects the increase in value resulting from the revaluation of property whlch was funded by reslricled income. As the origin81 funding was reslricled, the revaluation gain is also Irealed as reslricled. The ieserve is non-dislribulable and will be released upon d8precialion or disposal of the property. Th& Ministry Fund has no current Purpose. Historically il was an a ¢ollectlon of voluntary gifts lo support a variety of Gosls relating lo the any of the church's clergy. The House Party Fund has now been wound-up bul historically collected funds to a881sI those with less means loin the perlodlc residenllal housg partles organised by the church. The Sundry reslrlcled Funds have no ongoing purpose and no speclflc purpose. The Orgaii Legacy Fund was formed by specific legacies and donations lowardg the ongoing major church organ ienovatlon. 11 has been wholty applied lo the relevant expenditure during the year under review. Page 28
Parochial Church Council of St Andrew's Plymouth Notes to the Financlal Statements for the Year Ended 31 December 2025 (continued) 20 Analysls of net assets between funds Total funds a131 December 2025 Unrestrlcted funds General Restrlcted funds Tangible fixed assets Fixed asset investments Current assets Current Ilabllllles 72,QOO 350,022 300,702 27,161 604,405 676,405 350,022 425,738 27,181 125,036 Total net as8el8 695,563 729,441 1,425,004 Total funds at31 December 2024 Unrestrlcted funds General Restrlcted fuhds Tanglb18 fixed agsels Flxed asset investments Current assets Current liabilili8s 73,236 472,929 211,953 8.401 613,038 686,274 472,929 265,802 8,401 53,849 Total nel assets 749,717 666,887 1,416,604 21 Related party transactlons There were no relalad party transacllons in the year. Pagg 29