REGISTERED CHARITY NUMBER:1134848 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for St Andrew's & St Bartholom¢w's Church Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
St Andrew's & St Bartholomew's Church Contents of the Financial Statements for the Year Ended 31 December 2024 Page Independent Examiner's Report Review of Financial Activities and Affair5 ststemcnt of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Ststement of Financlal Activities 9 to 12
Inde endent nxaminer's Re ort to the TNslees of St Andrew's & St Bariholomew's Churc Independent exAminei s report to tlic trustees of St Andrews & St BArtliolomew's Cliurcli I report to the charity trustees on my examination of th¢ accounts of StAndrew's & St BartholOmes Church (the Trust) for the year ended 31 December 2024. Rcsponsibilities and b,Trsis ofreport As the ¢harity trustees of the Trust YOU 8Te responsibl¢ for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followcd all applicable Directions given by the Chayity Commission under section 145{5)(b) of the Act. Independent exjmlner's stAtement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can ¢onfinn tliat I am qualified to undertake the examination because I am a iegistcred member of FCCA which is one of the listed bodies. I have completed my examination. I confirni that no material m&tt¢r5 have com¢ to my attention in nneCtiOn with the examination giving me cause to believe that in any material r¢sp¢ct: accounting records were not kept in reSPt of the Trust as required by section 130 of the ACL or the a¢¢ounts do no¢ a¢cord with those recoi'ds" or the accounts do not comply with the applicable requirements conceming the form and content of 8Ctounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement tliat the accounts give a true and fair view which is not a matter considered as part of on independent examination. I have no concerns and have come acrossno other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of th¢ acwunts to be reaohed. Louise Newman FCCA Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Glouces¢ershir¢ GL53 7HL Dat¢: Review of FinAncial Activities nnd Affnirs Under the Charities Act 2014, the PCC Accounts incorporate the activitie5 of all groups under its auspices. PCC funds also se8regated into Unrestricted (for use at the PCC'S discretion) and Restricted (wh¢r¢ the donor has Specified its use).
Income rec¢ived during the year was £385,161 (2023 £349.695). Of the total income received. approximately £348,000 was for Unreslricled use. with the remaining £37,000 being allocated to Restricted & Endowment projects. The majority OL the church's UnrtrIcted income is received undei. th¢ Parish Giving Scheme. The ovei'all expenditure for the year broadly stable at approximately £430,000. Of Uiis. £355,000 was for Unr¢5tricted u5 with th¢ remaining £75.000 being spent on R¢slricled projects. The largest items of ongoing church expcnditure ore the salaries of employees ttnd contributions to th¢ Diocese of Gloucester (including amounts for the stipend and housing of the minister). Given that expenditure has exceeded in¢ome in each of the last four years. Steps have been taken to both increase income and cut expenditure in tlie year. with the intention to balance incorne and expenditure in 2025. The overall balance of ResVeS c2rried foiward at 31 December 2024 was £868.052 (2023 - £905.207). a decrease of £37,155. Approximately £700,000 of the year-end Reserves ait in respect of the Freehold Property (including the Courtyard); are held to offset future depreciation. and are not available for any other use. The church investments generdted a nel gain of Approxiinately £5,IXJO in the year. compared to a gain of £5.000 in 2023. As1gs¢ year, the PCC continued to give IO% of its Unrestricted income to worthwhile missions and charities under the guidanc¢ of its Mission Committee.
St Andrew's & St Bartholomew's Church Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Tot&1 funds 31.12.23 Total funds Unrestricted fund Restricted fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Voluntary Income 308.160 17,987 326,147 304,284 Income from Charitable Activities 23,967 15,435 39.402 25,730 Activities for generating funds Investment income 13,154 3.048 1,541 1.837 14,695 5.357 15.029 4.652 472 Total 348,329 36,800 472 385,601 349,695 EXPENDITURE ON Fundraising and Trading Support Costs Charitable AGtivities Payment to Diocese 5,330 234.771 23,894 89.215 1,180 31.359 42,204 6,510 266,130 66.098 89,215 9,508 240.361 71,222 89,215 Total 353,210 74,743 427,953 410,306 Net gainslon investments 935 417 1,352 5.077 NET INCOMEI(EXPENDITURE) (4,881) (37,008) 889 (41,000) (55,534) Transfers between funds 13 472 Iyet movement in funds (17,502) (23,915) 417 (41,000) (55,534) RECONCILIATION OF FUNDS Total funds brought forward 112,480 774,492 18,235 905,207 960,741 TOTAL FUNDS CARRIED FORWARD 94.978 750,577 18.652 864,207 905.207
St Andrew's & St Bartholomew's Church Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fund Endowment fund Notes FIXED ASSETS Tangible assets Investments 37,310 698.893 736,203 764.231 59.045 18,652 37.310 740,638 18.652 796.600 823,276 CURRENT ASSETS Stocks Debtors Prepayments and accrued income Cash at bank and in hand io io 3,324 4.661 105.011 3,573 67,414 3.573 92,353 24.939 70,987 24.939 95,926 112.996 CREDITORS Amounts falling due within one year I I (13,319) (15.000) (28.319) (31,065) NET CURRENT ASSETS 57.668 81.931 TOTAL ASSETS LESS CURRENT LIABILITIES 94.978 750,577 18,652 864.207 905,207 CREDITORS Amounts falling due after more than one year 12 NET ASSETS 94.978 750,577 18.652 864.207 905,207 FUNDS Unrestricted funds Restricted funds Endowment funds 13 94,978 750,577 18.652 112,480 774,492 TOTAL FUNDS 864.207 905,207 The financial statements were approved by the Board of Trustees (PCC) and authorised for issue on . were signed on it behalf by: .and frustee I wtIL z025
St Andrew's & St Bartholomew's Chur¢h Notes to the Ftnancial Siatements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordan¢e with the Charities SORP (FRS 102}'A¢counting and Reporting by Charilies= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared undei the historical cost convention. with the exception of investments which are included at market value. Income All income is rewgnised in the Statement of Financial Aetivities once the charity has entitlement to the funds. it is probable that the Income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation committing the charity to tha1 expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatio can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thal aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to Conditions which have nol been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.. .Freehold property including courtyard @20/0, Fixture5, Fittings and Computer Equipment @10 %. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow movinE items. Taxation The charity is exempt from tax on its charitable a¢tivities. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular re5tri¢ted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricled purposes. NOTES TO THE ACCOUNTS VOLUNTARY INCOMK 31.12.24 31.12.23 Unrestricted 245,683 55,862 328 Restricted 1.194 8.838 Total 246,877 64.700 328 7.955 Total 224,379 60,023 Planned Giving On¢ Off Donations Legacies Courtyard Donations Misc¢llaneous Income Collections during services Grants Total 7,955 16,253 27 1.533 1,533 1.357 308 160 326 147 304 284
St Andrew's & St Bartholomew's Church Notes to the Financial Statement5 for the Year Ended 31 December 2024 ACTIVITIES FOR GENERATING FUNDS 31.12.24 31.12.23 Fees Friday's Kitchen Traidcraft Stall 13,154 1,541 11,141 2,142 1.746 INVESTMEN[ INCOME Investment income in both year5 ¢omprises interest received and receivable. SUPPORT COSTS Support costs in both years comprise the charity's day-to-day running expenses, including principally salaries. utilities, depreciation and general maintenance of the properties. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees remuneration or other benefits for the year ended 31 December 2024. nor for the year ended 31 December 2023. Similarly there were no trustees, expenses paid for the year ended 31 December2024 nor for the year ended 31 December 2023. STAFF NUMBERS The average monthly number of employees during the year was as follows: 31.12.24 31.12.23 Number of staff No employees received emoluments in excess of £60,000.
St Andrew's & St Bartholomew's Church Notes to the Financtal Statements - continued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS Land Freehold Property Fixtures & Fittings Courtyard Computer Equipment Totals COST At l January 2024 Re-clasification At 31 December 2024 5.978 984,059 41.998 181.832 28,253 1.242,120 1242 120 DEPRECIATION At l January 2024 Re-classification Charge for year At 31 December 2024 429,261 17,024 1.418 15,206 16,398 (1.418) 477.889 448 815 505 917 NET BOOK VALUE At 31 December 2023 554 798 764231 At 31 December 2024 5 978 535 244 163 649 736 203 FIXED ASSET INVESTMENTS Listed Investments MARKET VALUE At l January 2024 Revaluations during the year 59,045 1,352 NET BOOK VALUE At 31 December 2024 60,397 At 31 December 2023 59.045 There were no investment assets outside the UK. STOCKS There were no stocks of note at year-end (2023 - nil) io. DEBTORS, PREPAYMENTS AND ACCRUED INCOME All debtors, prepayments and accrued income arose from the nomial day-to-day running of the charity's activities. and there no debts falling due after more than one year
Andrew's & St Bartholomew'5 Church Notes to the Financial Statements- continued for the Year Ended 31 December 2024 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Taxation and social security Loans falling due within one year Other creditors 8,786 2.526 15,000 8,495 3.747 15,000 The loans a repayable on demand and are interest free. 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR There are no loans falling due after more than one year (2023 nil. 13. MOVEMENT IN FUNDS Net movements in funds are as follows.. Net movement in funds Transfers between funds At 1.1.24 At 31.12.24 Unrestricted funds General fund 112,480 (4.881) (12.621) 94.978 Restricted funds Restricted 774,492 (37.008) 13,093 750,577 Endowment funds Endowment 18.235 889 (472) 18,652 TOTAL FUNDS 905,207 41.000) 864,207 Comparative net movement in funds included An the above are as follows: Incoming resou¢$ Resources expended Gains and losses Movement in funds Unrestricted funds 348.329 (353,210) {4,881) Restricted funds 36.800 {74.743) 935 (37.008) Endowment funds 472 417 889 TOTAL FUNDS 385,601 427.953) 1.352 41.000) 14. RELATED PARTY DISCLOSURES There were no related party transactions during the year ended 31 December 2024 (2023 - none).
St Andrew's & St Bartholomew's Church- Su lementa Information Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Voluntary Income Donations 326 147 304 284 Activities for generating funds Friday's Kitchen Traidcraft Stall Fees 1.541 2.142 1,746 14,695 15,029 Investment income Interest receivable 5,357 4,652 Ineoming resources from charitable aetivities Church Centre Hire Ministry Activities (see below) 12,001 10.678 39.402 25.730 Total incoming re50urees 385 601 349 695 EXPENDITUR Fundraising trading: cost ofgoods sold and other eosts Traidcraft Stall Purchases Friday's Kitchen Expenses Against Fees 2,302 1.033 1,180 6,510 9,508 CharitAble activitie5 Grants to institutions Ministry Activities (see below) 33,691 42,603 66,098 71,222 Other Resourees Expended Payment to Diocese 89.215 89,215
St Andrew's & St Bartholomew's Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Support Costs St Andrew's- Running Expenses Rates and water Insurance Light and heat Repairs & Maintenance Salaries Cleaning Grounds Maintenance Other Running Expenses Fixtures & Fittings Depn Church Centre Depn Courtyard Depn 687 3,185 8.705 1.635 3,972 10,464 2.667 6,353 3.955 19.554 2.977 707 3,005 10.466 9.157 4,641 11,072 2.777 10,649 2,021 19,551 4.655 64.154 78,701 St Bartholomew's - Running Expenses Insurance Light and heat Repairs & Maintenance Churchyard Maintenance Cottage Running Expenses 2,221 1,095 6,109 6.020 617 1,756 607 2.677 7,607 1.256 16.062 13.903 Support & Admin Costs Salaries Cost of Services Telephone Postage and stationery Sundrie5 Subscriptions Professional Fees IT Costs Depreciation Architect & Professional fees 163,444 2.300 441 4,440 7.597 1,464 124,861 2,519 784 2,522 5.236 631 2,563 1.542 787 184.578 4,172 3,927 370 145.022 Governanee costs Accountancy and legal fees 1.336 2.735 Total resources expended 427 953 410,306 Net expenditure before gains And losses {42,352) (60.611) Realised gains on fixed asset investments 1.352 5.077 Net expenditure 41.000) 55 534) io
St Andrew's & St Bartholomew's Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 Ministry Activities: 31.12.24 31.12.23 Ministry Activities Income Adult Youth Alpha Impact Weekend Children Cameo 4.843 15,310 180 3.645 557 4.606 2,757 4,729 Total Income Ministry Aetivities ExpeDditure Adult Youth Alpha Impact Weekend Children Cameo 11,446 12.070 1,117 2,384 2,725 16,390 6.225 3,273 Total Expenditure Net Ministry Activities
ecific Funds Balance 31.12.23 Transfer Ineome Expenditure Valuation Balance 31.12.24 Permanent Endowments St. Bartholomew's Churchyard 698 CBF Income Shares 15,793 (438) 438 362 16,155 St. Andrew's Church Centre & Grounds 2,442 (34) 34 55 2.497 108 CBF Income Shares Endowment Fund Total 18,235 (472) 472 417 18,652 Depreciating Assets St. Andrew's Church Centre 554,798 166,626 721,424 19.554 2.977 22,531 535,244 163,649 698,893 Courtyard Depreciating Asset Fund Total Restricted Funds - CBF Shares St. Bartholomew'5 Maintenance (Fabric) 301 CBF Shares 6,804 (258) 258 156 6,960 St. Andrew's Maintenance (Fabric) 112 CBF Shares St. Bartholomew's Repair & Maintenance (Anon) - 1128 CBF Shares Witcomb Trust Sunday School I44 CBF Shares 2.531 (35) 35 59 2,590 28,220 (784) 784 645 28,865 3,255 (90) 90 75 3,330 40,810 (1,167) 1,167 935 41,745 Restricted Funds - Current Assets St. Bartholomew's Restoration Project St. Bartholomew's (Bell ringers) St Bartholomew's Restricted Funds Friends of St. Bartholomew's, Churchyard St Bartholomew's Bells Proje¢t St Bartholomew's Cottage Courtyard Youth Residential Friday's Kitchen Mission 6,978 5.136 6.904 373 272 210 7,141 5,408 7.089 3,067 2,882 4,560 2,312 254 (4,560) 2.312 (254) (7.970) 8,080 13.528 1,607 5.230 2.908 568 iio 10,973 1.430 32,495 2.864 1.248 52,212 2,555 (177) 27,265 (44) Cameo Ordinands Fund 1,114 27.258 434 14.260 35.633 24,939 Loan - Courtyard Restricted Funds - Total 15.000 774,492 15,000 750 577 13.093 36,800 935 12