## **Emmanuel Church,**
## **Of the Parish of Emmanuel with St. Paul**
## **Plymouth**
**Annual Report and Unaudited Financial Statements of the Parochial Church Council**
For the year ended 31 December
## **2023**
**Team Rector:** The Rev’d Preb. Karl Freeman (until 16[th] March 2023)
**PCC Treasurer:** Mr. John Phillips
**Independent Examiner:** Mr. Tony Jopson F.C.A.
**Charity number: 1137452**
Address: 1 Compton Avenue, Mannamead, Plymouth, PL3 5BZ Website: www.emmanuelplymouth.co.uk
## **Abbreviations in this document explained**
AVA Audio Visual Aids C of E Church of England CRB Criminal Records Bureau _Mandatory checks made on people working with children and vulnerable_ DBS Disclosure and Barring _adults_ Service DIMES Divas In Ministry at _The ladies-only group that meets_ Emmanuel _regularly_ FRS Financial Reporting _Rules that govern our accounts_ Standard _reporting procedures_ IT Information Technology MAP Mission Action Plan _Sets out PCC aims for the following year_ PCC Parochial Church Council _The Governing Body for Emmanuel_ POG Premises Oversight Group QI Quinquennial Inspection _The inspection of church premises that has to be undertaken every five years._ RE Religious Education SORP Statement of _The Charity Commission rules for_ Recommended Practice _setting out accounts_
P a g e | **2**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **CONTENTS**
## **Page**
- **3 Table of Contents 4 Administrative Information**
- **5 Structure, Governance and Management Objectives and Activities**
- **6 & 7 Emmanuel Mission Activities**
- **8 Achievements Emmanuel Church Premises Contribution of Volunteers**
- **9 Independent Examiner’s Report 10 Financial Review Reserves Policy**
- **11 Statement of Financial Activities**
- **12 Balance Sheet**
- **13 Accounting Policies**
- **14 Note 2: Incoming Resources**
- **15 Note 3: Resources Expended**
- **16 Trustee Remuneration and Staff Costs Fixed Assets**
- **17 Debtors and Liabilities**
- **17 & 18 Fund Details 19 Fund Movements**
P a g e | **3**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **Administrative Information**
The Emmanuel and St. Paul churches are situated in the Mannamead, and Efford areas of Plymouth. The Parish is in the Plymouth City Deanery as part of Plymouth Archdeaconry in the Diocese of Exeter, within the Church of England. The Parish Office address is: Emmanuel Church, 1 Compton Road, Mannamead, Plymouth. PL3 5BZ
The Parochial Church Council (PCC) is a charity registered with the Charity Commission. Its charity number is 1137452. The PCC administers the work at Emmanuel Church. St Paul’s Church has its own PCC reporting separately to the diocese.
PCC members who have served for the year from 1 January 2023 are:
|Team Rector:|Rev’d Preb. Karl Freeman|Chairman,_until 16th March 2023,_|
|---|---|---|
|Associate Vicar:|Rev’d Tony Williams||
|Team Vicar (SSM):|Rev’d Robin Brown||
|Licensed Lay Ministers:|Mr Tim Lyddon|Vice Chairman|
||Mrs Pam Edwards||
||Mrs Pippa Brown||
|Parish Churchwardens:|Mr. Don Nuttall|Chairman_from 16th March 2023_|
||Mrs Linda Wheeler||
|Elected Members:|_(in addition to any named above)_||
||Mr Barrie Bannister-Evans||
||Mr Mark Bullard|_from 14th May 2023_|
||Mrs. Pam Edwards|_until 14th May 2023_|
||Miss Sally Fletcher|_until 14th May 2023_|
||Mr Malcolm Haynes||
||Mr Fred Hill|_from 14th May 2023_|
||Mr Ed Houlton||
||Mrs Kathryn McGuinness||
||Mr Kevin O’Neill||
||Mr John Phillips||
||Mr Gordon Rose||
|Deanery Synod rep.|Ms Anne Tillett|_until 26th October 2023_|
|Co-opted Member|Miss Sally Fletcher|_from 20th July 2023_|
||Mrs Carol Springett|_from 21st Sept 2023_|
|Officials|Mr John Phillips|PCC Treasurer|
||Mr Chris Benson|PCC Secretary_until 14th May 2023_|
||Mrs Sarah Nicholson|PCC Secretary_from 26th Oct 2023_|
P a g e | **4**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **Structure, Governance and Management**
The PCC (Parochial Church Council) has the responsibility of co-operating with the Rector (the Rev’d Preb. Karl Freeman until his retirement in March 2023), the clergy and the churchwardens in promoting in the ecclesiastical parish the whole mission of the Church, whether pastoral, evangelistic, social or ecumenical. It also has the maintenance responsibilities for the church building at Emmanuel and the adjoining hall. From January 2022, St Paul’s became a Conventional District within the parish, with its own PCC. St Paul’s PCC is now a separate legal entity with full responsibility for its own affairs, including maintenance of the buildings, financial control and reporting.
_**PCC Constitution:**_ The method of appointment of PCC members is set out in the constitution and the Church Representation Rules. Emmanuel PCC oversees the implementation of the Mission Action Plan in its part of the parish. All church attendees are encouraged to register on the Electoral Roll, and membership confers entitlement to stand for election to the PCC.
_**Risk Management (Health and Safety, Disability Discrimination legislation and Safeguarding):**_ A high priority is given to the provision of a safe environment within the church and grounds. Identified risks are assessed, recorded in the Safety Log, and a safe practice procedure advised. Disabled access to the church is provided by a ramp. Full disabled access is now a feature of all parish premises used by staff, congregation and visitors. Emmanuel PCC has a nominated Safeguarding Officer, and the child and vulnerable persons vetting legislation requirements are met. The registered safeguarding officer is Mrs Carol Springett.
## **Objectives and Activities**
In several ways, 2023 has proved to be a challenging year. Rev Tony Williams suffered a serious head injury when he was knocked off his bike in February and after 22 years of faithful ministry, Rev Karl Freeman retired in March. This meant that Rev Robin Brown took on the responsibility of planning and organising the preaching and teaching plan at Emmanuel (and Rev Darryl Cree at St Paul’s). Many other people, too many to mention by name, took on additional duties to help to carry out the pastoral work and everything else involved in the life of the church during the year. It has been a thoroughly excellent team effort all round. Very pleasingly, all the evidence is that we have come through the year very well indeed. Attendance at our worship services has been maintained and increased. Christian fellowship has been strengthened. Emmanuel has been able to meet all its financial obligation and, if anything, its financial position is stronger than it was last year. Several aspects of Mission support have developed significantly during the year with increased financial support given to both UK and overseas causes.
As we look towards Rev Peter Shaw joining us as our new Rector in February 2024, we give thanks to God for all that has been achieved in the past and we look forward with faith to all that lies ahead.
**Mission Statement:** “A church founded on the Living Word, Proclaiming Christ” **Objectives** : “To look Upward, Inward and Outward”
- Upward to depend on God in prayer
- Inward to be responsible for our growth in following Jesus, and
- Outward to take out the Good News of Jesus with confidence.
**Our Vision:** To be a growing church through which people come to know their Saviour, and every member of God’s family, at whatever ‘age or stage’, can find a place to be cared for and serve the Lord.
**Public Benefit:** When planning our activities for the year, as in all years, the PCC has considered the Charity Commission guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. Our aim is to enable ordinary people to live out their faith as part of our parish community through:
- Prayer and Discipleship - growing in knowledge, faith and trust in Jesus.
- Promotion of pastoral care for people living in the parish, missionary and outreach work.
- Practical Service to the community to show the love of our Lord.
P a g e | **5**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **Emmanuel Mission Activities**
## _Church Growth and Evangelism_
The regular focus of our teaching, worship and ministry is our Sunday services. In 2023, at Emmanuel, there were weekly Sunday morning and evening services and also weekly Wednesday morning services. Teaching activities for children and young people were undertaken in age specific groups at the same time as the Sunday morning services.
In December 2023 there were 172 people on the Emmanuel Church Electoral Roll. The electoral roll was revised at the time of the 2023 APCM.
An illustrative average weekly attendance was: 158 adults and 13 children. In addition, an average of about 16 participate in the Sunday morning services on-line. The attendance number was much greater during important festivals and uniformed organisations’ family services.
A wide range of other activities was undertaken to grow the church, to teach and serve both Christians and enquirers, including:
- 10 weekly home Bible study groups
- Alternative occasional services
- Baptisms (believers and infants), weddings and funerals
- Monthly Prayer meetings
- Weekly Friday a.m. prayer meetings, online
- Occasional Men’s Breakfasts
- Monthly Women’s Fellowship Group – DIMES
- Weekly youth club
- Lent Course, mornings and evenings
- Enquirers’ and Discipleship support
- Welcome suppers
## _Mission Update_
Our overall aim is to involve the church practically, emotionally and spiritually in mission through engagement with our mission partners. To this end, we have a Mission of the Month which is featured in one of our main services, prayed for at our parish prayer meeting and through the church news sheet, and publicised through a fundraising coffee morning.
2023 has seen us meeting regularly for prayer for the organisations supported and for our work in general, in addition to our routine business meetings.
We have a significant legacy from Freda Lee likely to be in excess of £100,000, to be spent through this Committee. We have recruited a new member with significant strategic, high-level experience in overseas mission, to help us maximise value for money and engagement with the church, in administering this legacy.
The financial aspects of our work are as follows:
Emmanuel has used church funds to support the following organisations:
## **Charity**
## **2023 Support**
£900 – Used to supply children’s Bibles, for use in the classroom. £900 – to support their work with the homeless
Compton School £900 – Used to supply children’s Bibles, for use in the classroom. Shekinah £900 – to support their work with the homeless Louise & Stephen Anderson £2,000 – outreach work in India and with Iranians in this country Richard Cooke, Church Army £875 – supporting outreach into an inner-city community in Selby Cross Rhythms £750 – a Christian FM radio channel in Plymouth Mission Aviation Fellowship (MAF) £575 – bringing help, hope, and healing through aviation
P a g e | **6**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
In addition, each month was allocated a “Mission of the Month”, during which, with coffee mornings and specific events, funds were raised and donated as follows:
|**Date**|**Charity**|**Funds**|**Use**|
|---|---|---|---|
|||**raised**||
|January|Andersons|£410|Outreach work in India and with refugee Iranians in this country|
|February|St Paul’s Outreach|£817|A Community Larder in Efford, to alleviate food poverty|
|March|Wycliffe Translators|£498|Enabling people to access the Bible in their own language|
|April|Sahodar UK|£1,041|Healthcare, education and opportunities to worship God in Nepal|
|May|Christian Aid|£1,018|International relief, delivered in partnership with local churches|
|June|Bible Society|£728|Making the Bible more accessible, across the world|
|July|Shalom University|£666|Christian education in the Democratic Republic of the Congo|
|August|Open Doors|£566|Supporting persecuted Christians|
|September|Soup Run|£1,088|Providing food and warmth to the homeless, in Plymouth|
|October|MAF|£1,184|Bringing help, hope and healing through aviation|
|November|Tearfund|£2,044|An international relief agency, which is explicitly Christian|
|December|Street Pastors|£468|Providing practical care to those out at night, in Plymouth|
There were, in addition, ad hoc collections for emergency relief.
## _Social Action and Community Profile_
We aim to meet people wherever they are and to provide teaching and support even if they are unable to attend events at the church buildings. The activities undertaken include:
- School assemblies and RE enhancement in Compton C of E Primary and High View Primary
- Lunchtime club in Compton C of E Primary
- Residential Homes services
- Pastoral Team Visits
- Home Communions
- Funeral Ministry
In addition, we engage in a variety of activities to meet our objectives to be active members of our community (both local, national and international). These activities have included:
- Holiday Club for primary age children for 1 week in July
- Monthly children’s club
- Seasonal children’s events, eg The Treat
- Hosting large events for Compton C of E Primary and Lipson Vale Primary Schools
- Bereavement Support Group
- Bereavement Course
- Street Pastor scheme
- Child Contact Centre
- Traidcraft stalls
- Toddler Tunes for pre-school children
- Friday Tea Break for retired people – including outings
- Use of church halls by paying groups
- Contributing to St Paul’s Food Aid ministries
- Evening social events
- Mission Lunches
- ‘Regal Cinema’ – a film show for the retired
- Overseas Mission support
- Monthly coffee mornings in aid of charities
- Community Summer and Christmas Fairs and outdoor Dickensian evening
P a g e | **7**
## **The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **Achievements**
We have seen the Lord continue to develop and grow us as living stones of his church, in the breadth and depth of our discipleship, worship, prayer, mission and service. For that we give Him thanks and seek to honour Jesus.
## **Church Premises**
Under the chairmanship of Don Nuttall, one of the churchwardens, the Premises Oversight Group (POG) has monitored the condition of the church and the Halls throughout the year. They have exercised considerable diligence in prioritising and carrying out a large and varied number of repairs during the year. This has consumed an immense amount of time and effort from the members of POG who faithfully carry out their work behind the scenes. We give thanks to God for everything that has been achieved.
## **Some highlights during the year**
## **Reordering**
Early in the year, the redundant former Coffee Corner was removed from the north-west corner of the premises and replaced by a new Welcome Area, as outlined in the Faculty consent, to complete phase 1 of the reordering.
## **Defibrillator**
Installed in December 2022, the defibrillator was instrumental in saving it’s first life, early in 2023, when a visitor to the Halls suffered a full cardiac arrest.
## **Fabric Repairs**
As recommended in the last Quinquennial Report, three significant repairs were carried out in and above the bell chamber within the church tower.
Three rainwater drains on the south side of the church were excavated, tree roots removed, the drains repaired and the tarmac reinstated.
## **Main Church Boiler**
Following increasing problems over recent years, the main pump to the church boiler was replaced during the summer of 2023.
## **Roof and Rainwater Goods**
From August to November 2023, in 4 different phases, major works were carried out to roofs to the north, north east, south east and south elevations of the church. When the scaffold provided access, it was found that the work to the roofs, the leadwork and the rainwater goods in each location was much more extensive than anticipated. Regrettably this extra work necessitated overrunning on the POG budget for 2023 but it was recognised as extremely important to do what we can to prevent water ingress into the upper parts of the church walls.
## **Contribution of Volunteers**
Much of the mission and ministry of the church would be impossible to achieve without the countless hours and energy devoted by many members of our congregation – many of whom exercise their gifts with little recognition. It is, without question, a privilege to be able to thank all those who have given of their time, often sacrificially, in furthering the work of the church across our parish. Activities range from service organisation, church cleaning and decoration, supporting the many events, through to visiting the elderly or infirm and offering pastoral support. To all concerned, very many thanks – you are greatly appreciated.
P a g e | **8**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Parochial Church Council Trustees Annual Report 2023**
## **Independent Examiner’s Report**
## **to the Parish Church of Emmanuel with St Paul, Plymouth**
This report on the financial statements of the PCC to the year ended 31 December 2023, which are set out in the following pages, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and s.145 of the Charities Act 2011 (‘the Act’).
## **Respective responsibilities of the PCC and the Examiner**
As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and section 144(2) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
## **Basis of this Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and can be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In connection with my examination no matter came to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare financial statements, which accord with the accounting records and comply with the
- requirements of the Act and Regulations
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated:
Tony Jopson & Co Ltd 246 Peverell Park Road, Plymouth, PL3 4QG
P a g e | **9**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Financial Statements for the year ended 31 December 2023**
## **Financial Review**
Total receipts of ordinary unrestricted funds for Emmanuel Church were £445,000, including a legacy of £210,000. 50% of that legacy will be spent on overseas mission in accordance with the wishes of the testator, and the PCC is currently considering how to make best use of this very generous gift. Congregational giving at Emmanuel (including income tax recoverable) has continued to grow, being £161,000 in 2023, compared with a figure of £151,000 in 2022. Overall income, excluding the legacy, increased from £213,000 in 2022 to £237,000, reflecting the continued generosity of church members in contributing to the Lord’s work at Emmanuel, and also increased use of the Halls by outside organisations. This income was £26,000 greater than we expected when the budget for the year was prepared.
Total expenditure was lower in 2023 than the previous year due to the internal building alterations carried out in 2022, but, when that work is excluded, on-going expenditure increased from £189,000 in 2022 to £223,000 in 2023, reflecting a general increase in church activities. Essential maintenance work in the autumn of 2023 at roof level caused an overspend on that particular budget item, but the church was fortunate in that the increased cost of energy only affected us in the last quarter of the year. Overall expenditure was £12,000 greater in 2023 than had been budgeted.
Overall, the increases in income and expenditure together resulted in an unexpected surplus for the year of £14,000.
No change has been included for values of 27 Efford Crescent and Emmanuel Church Halls. As neither of these properties is held for investment purposes, the last valuation is taken as the deemed cost for accounting purposes.
Fixed assets are described in the financial statements.
## **Reserves Policy**
It is current PCC policy to maintain at least 15% of annual turnover in reserve. This policy is currently being achieved.
## **Going Concern**
The financial statements have been prepared on the going concern basis. There are no material uncertainties related to events or conditions that may cast significant doubts upon the PCC’s ability to continue as a going concern.
Approved by the PCC on 21[st] March 2024 and signed on its behalf:
Signed: Signed: Position: Position: Date: Date:
P a g e | **10**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Financial Statements for the year ended 31 December 2023**
## **Statement of Financial Activities**
||**Unrestricted**
**Restricted**
**Total Funds**
**Funds**
**Funds**
**2023**
**2022**|
|---|---|
||**£**
**£**
**£**
**£**|
|||
|**_Income_**
Voluntary income
Activities for generating funds
Investment income
Income from charitable activities
Other incoming resources
**Total income**
**_Resources used_**
Cost of generating funds
Charitable activities
**Total expenditure**|380,939
1,586
382,525
168,159
41,916
210
42,126
35,361
5,372
22
5,394
783
13,870
10
13,880
8,672
3,113
0
3,113
331|
||**445,210**
**1,828**
**447,038**
**213,306**
3,769
336
4,105
2,016
217,674
1,586
219,260
223,080|
||**221,443**
**1,922**
**223,365**
**225,096**|
|||
|**Net income / (expenditure)**
**resources before transfer**|**223,767**
**(94)**
**223,673**
**(11,790)**|
|||
|**_Transfers_**
Gross transfers between funds - in
Gross transfers between funds - out
**_Other recognised gains / losses_**
Allocated to St Paul's
**Net movement in funds**
**_Reconciliation of funds_**
**Total funds brought forward**
**Total funds carried forward**|37,224
-
37,224
41,878
-37,200
(24)
(37,224)
(41,878)
-
-
-
(54,734)|
||**223,791**
**(118)**
**223,673**
**(66,524)**|
||**469,790**
**28,244**
**498,034**
**564,558**
**693,581**
**28,126**
**721,707**
**498,034**|
## **Notes 2 and 3 on the following pages provide further detail on income and expenditure.**
P a g e | **11**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Financial Statements for the year ended 31 December 2023**
## **Balance Sheet**
|**_Fixed assets_**
Tangible assets
**_Current assets_**
Debtors
Cash at bank and in hand
**_Liabilities_**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets**
**_Parish funds_**
**_Unrestricted_**
General fund
Total Designated Funds
**_Restricted_**
Total Restricted Funds|**Unrestricted**
**Restricted**
**Total Funds**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
276,795
-
276,795
276,865|
|---|---|
||**276,795**
**-**
**276,795**
**276,865**|
||9,009
-
9,009
35,138
413,352
31,323
444,675
195,336|
||**422,361**
**31,323**
**453,684**
**230,474**
5,575
3,197
8,772
9,305|
||**416,786**
**28,126**
**444,912**
**221,169**|
||**693,581**
**28,126**
**721,707**
**498,034**|
||**693,581**
**28,126**
**721,707**
**498,034**|
||370,555
-
370,555
335,254
323,026
-
323,026
134,536
28,126
28,126
28,244|
||**693,581**
**28,126**
**721,707**
**498,034**|
Approved by the PCC on 21[st] March 2024 and signed on its behalf:
Signed: Signed: Position: Position: Date: Date:
P a g e | **12**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
**1. ACCOUNTING POLICIES** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP (FRS102).
The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## **Funds**
_Endowment funds_ are funds, the capital of which must be maintained; but no such funds are held by the PCC.
_Restricted funds_ represent (a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Where there is no separate investment, interest is added to the general fund or other appropriate fund.
The Vicar and Churchwardens’ fund is shown for completeness, but is not controlled by the PCC.
_Unrestricted funds_ are general funds which can be used by the PCC for ordinary purposes.
_Designated funds_ are general funds which have been designated by the PCC for a specific purpose. A change to this purpose is in the purview of the PCC.
## **Details of the funds controlled by the PCC in addition to the unrestricted general fund can be found at note 8 to these accounts.**
## **Incoming Resources**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable interest is accrued. All other income is recognised when it is receivable.
All income resources are accounted for gross.
## **Resources Expended**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts in accordance with s.96(2) (a) of the Charities Act 1993.
Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at a reasonable time). For anything acquired prior to 2004 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently, expenditure on individual items costing less than £2,000 has been written off when incurred.
No cost information is available for either 27 Efford Crescent or Emmanuel Church Hall which have been included at their 31 December 2008 revaluations. These assets are shown at values equivalent to those revaluations. As neither property is held for investment purposes the Trustees have decided not to revalue them but to keep them in the balance sheet at the 2008 valuation.
Tangible fixed assets costing more than £2,000 are capitalised and valued at cost including any incidental costs of acquisition. Equipment used within the church premises is depreciated on a straight-line basis over three years. Fixtures and fittings in the church premises are depreciated over ten years. Buildings work is not capitalised. A full year’s depreciation is charged in the year of purchase.
Investments are valued at market value at 31 December.
P a g e | **13**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
## **2. INCOMING RESOURCES**
|**Voluntary income**
Bank Orders
Envelopes
Gift aid recovered
Open plate collections at services
Sundry donations, legacies
Grants
**Activities for generating funds**
Fundraising
Church Hall lettings and other
property income
**Investment income**
Interest and dividends
**Incoming resources from charitable**
**activities**
Parish magazine advertising, sale of
books, Bible notes and magazine
Fees for weddings and funerals
Activities and Holiday Club
**Other incoming resources**
**Total incoming resources**|**General**
**Designated**
**Restricted**
**TOTAL FUNDS**
**Fund**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
117,482
-
-
117,482
111,321
7,169
-
-
7,169
3,287
29,415
-
-
29,415
28,666
7,131
-
-
7,131
7,619
3,238
209,964
1,322
214,524
5,331
3,260
3,280
264
6,804
11,935|
|---|---|
||**167,695**
**213,244**
**1,586**
**382,525**
**168,159**|
||17,070
-
210
17280
15,428
8,256
16,590
-
24846
19,933|
||**25,326**
**16,590**
**210**
**42,126**
**35,361**|
|||
||**5,372**
**-**
**22**
**5,394**
**783**|
||268
-
-
268
435
5,792
-
10
5802
4,338
7,810
-
-
7810
3,899|
||**13,870**
**-**
**10**
**13,880**
**8,672**|
|||
||**3,113**
**-**
**-**
**3,113**
**331**|
|||
||**215,376**
**229,834**
**1,828**
**447,038**
**213,306**|
P a g e | **14**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
## **3. RESOURCES EXPENDED**
|**Cost of generating funds**
**Charitable activities**
Missionary and charitable giving
Ministry:
Diocesan parish share
Clergy expenses
Materials for ministry (homegroup
etc)
Church running expenses:
Insurance
Electric and gas
Repairs and supplies inc IT & AVA
New building work
Church Halls running costs:
Insurance and caretaking
Fuel, water and waste
Repairs and supplies
Music and organ expenses
Leaders training
Youth and children's work
Parish administration:
Salary, photocopier, licences and
other office expenses
Other expenditure
Professional fees and CRB checks
Total resources used|**General**
**Designated**
**Restricted**
**TOTAL FUNDS**
**Fund**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||**3,769**
**-**
**336**
**4,105**
**2,016**|
||19,009
100
-
19,109
17,691
89,643
-
-
89,643
85,680
417
-
-
417
1,052
3,071
-
-
3,071
1,370
7,101
-
-
7,101
6,947
8,124
-
-
8,124
9,426
14,222
22,919
1,586
38,727
19,769
-
143
-
143
36,399
-
1,658
-
1,658
1,436
-
3,110
-
3,110
2,173
-
2,994
-
2,994
3,478
4,025
-
-
4,025
1,649
-
-
-
-
28
13,983
-
-
13,983
12,127
21,935
620
-
22,555
23,215
4,124
-
-
4,124
-
476
-
-
476
640|
||**186,130**
**31,544**
**1,586**
**219,260**
**223,080**|
|||
||**189,899**
**31,544**
**1,922**
**223,365**
**225,096**|
P a g e | **15**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
## **4. TRUSTEE REMUNERATION, STAFF COSTS and OTHER RELATED PARTY TRANSACTIONS**
During the year the PCC employed a Children’s Worker, parish secretary, cleaner & organist, all part-time, none of whom earned more than £60,000 per annum.
The total gross wage for the 4 employees was £23,839. In addition, £887 was paid in employer contributions to a defined contribution pension scheme.
Gross costs were paid in respect to members of PCC whilst in office, as follows:
Chris Benson received £210 and Tim Lyddon received £359 for duties as a verger or minister at weddings and funerals, inter alia. These fees were paid by the client not the church.
No other remuneration was received by trustees, except that expenses totalling £417 was received by three members of clergy in the discharge of their duties.
During the year to 31 December 2023, the charity received £42,649 in donations from the PCC members, key management personnel and persons closely connected to them. The donors did not attach any conditions to their gifts which required the charity to significantly alter the nature of its existing activities.
## **5. FIXED ASSETS**
|**5.**
**FIXED ASSETS**|**5.**
**FIXED ASSETS**|||||
|---|---|---|---|---|---|
|**(a) Tangible (Unrestricted)**||**Freehold land**|**Church**|**Fixtures and**|**Total**|
|||**and buildings**|**equipment**|**Fittings**||
|||**£**|**£**|**£**|**£**|
|**ACTUAL/DEEMED**|At 1 January 2023|270,000|46,444|3,185|319,629|
|**COST**|Additions|**-**|-|2,495|2,495|
||Disposals|**-**|-|-|-|
||at 31 December 2023|**270,000**|**46,444**|**5,680**|**322,124**|
|**DEPRECIATION**|At 1 January 2023|-|42,444|320|42,764|
||Charged for the year|-|2,000|565|2,565|
||Disposals|-||-||
||At 31 December 2023|**-**|**44,444**|**885**|**45,329**|
|**NET BOOK VALUE**|At 31 December 2023|**270,000**|**2,000**|**4,795**|**276,795**|
||At 31 December 2022|270,000|4,000|2,865|276,865|
Note – The additions are £2,495 for a new main church heating pump.
## **Freehold land and buildings**
|Property at 27 Efford Crescent, Higher Compton, Plymouth|£ 150,000|
|---|---|
|Valuation 31 December 2008||
|Church halls adjoining Emmanuel Church at Compton Avenue,|£ 120,000|
|Mannamead, Plymouth||
|Valuation 31 December 2008||
|Total net book value based on 2008 valuation|**£ 270,000**|
## **(b) Investment fixed assets**
No investment trust funds were held during 2023. Trust funds totalling £9,889 were liquidated in 2021.
P a g e | **16**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
|**6.**
**DEBTORS AND PREPAYMENTS**|**6.**
**DEBTORS AND PREPAYMENTS**|
|---|---|
||**Unrestricted**
**Restricted**
**TOTAL FUNDS**|
||**Funds**
**Funds**
**2023**
**2022**|
||**£**
**£**
**£**
**£**|
|Income tax recoverable|6,592
-
6,592
28,666|
|Prepayments|989
-
989
1,272|
|Other debtors|1,428
-
1,428
5,200|
||**9,009**
**-**
**9,009**
**35,138**|
|**7.**
**LIABILITIES**||
||**Unrestricted**
**Restricted**
**TOTAL FUNDS**|
||**Funds**
**Funds**
**2023**
**2022**|
||**£**
**£**
**£**
**£**|
|a. Amounts falling due within one year:||
|Accruals for utilities and other costs|5,575
3,197
8,772
9,305|
||**5,575**
**3,197**
**8,772**
**9,305**|
|||
|**8.**
**FUND DETAILS**||
|The restricted funds comprise the following:
Ministry Training
Youth
Hospitality
Bellringers
Outreach Bequest
Kerswell
Hardship Fund
The designated funds comprise the following:
Emmanuel Church Halls
Legacies
Families' Minister
Emmanuel Development
Emmanuel Buildings Maintenance
Church Halls Long Term Maintenance
Vicar & Church Wardens - Emmanuel
The General Fund, including £270,000 fixed assets
held in buildings:|**2023**
**2022**
**£**
**£**
4,014
4,014
2,478
2,478
673
823
8,315
8,283
4,037
4,037
5,989
5,989
2,620
2,620|
|---|---|
||**28,126**
**28,244**
1,460
16,037
217,440
7,476
35,000
35,000
22,694
22,837
26,247
32,286
12,000
12,000
8,185
8,900|
||**323,026**
**134,536**|
||**370,555**
**335,254**|
||**721,707**
**498,034**|
P a g e | **17**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
## **8. FUND DETAILS (Continued)**
**Restricted funds** are held for the following purposes:
**Bellringers** Funds raised by the Bellringers for maintenance of the church bells. **Youth** Funds for youth and children’s activities **Hospitality** Funds to provide hospitality **Ministry Training** for activities within the parish for training and development of clergy and lay people in furthering the aims of the church. **Kerswell** Special repairs or alterations to the church of Emmanuel **Outreach bequest** A legacy with the restriction that it be used to fund new outreach initiatives at Emmanuel **Hardship** To assist with cases of hardship in Emmanuel Church.
**Designated funds** are held for the following purposes:
**Emmanuel Church Halls** A funds which holds the income from letting the Halls, and is used to service and maintain them. Surplus money is transferred to the General Fund. **Emmanuel Development** Funds set aside for development of the premises at Emmanuel **Vicar and Church Wardens** For discretionary use by the vicar and church wardens at the respective churches.
P a g e | **18**
**The Parish Church of Emmanuel with St Paul, Plymouth**
## **Notes on the Financial Statements for the year ended 31 December 2023**
## **9. FUND MOVEMENTS**
||**Balance**
**Incoming**
**Outgoing**
**Transfers**
**Balance**|
|---|---|
||**01/01/202**
**3**
**Resources**
**Resources**
**31/12/2023**|
||**£**
**£**
**£**
**£**
**£**|
|**_Restricted:_**
Ministry Training
Youth
Hospitality
Bellringers
Outreach Bequest
Kerswell
Hardship Fund||
||4,014
-
-
-
**4,014**
2,478
-
-
-
**2,478**
823
210
336
(24)
**673**
8,283
1,618
1,586
-
**8,315**
4,037
-
-
-
**4,037**
5,989
-
-
-
**5,989**
2,620
-
-
-
**2,620**|
||**28,244**
**1,828**
**1,922**
**(24)**
**28,126**
16,037
16,590
8,167
(23,000)
**1,460**
7,476
209,964
-
-
**217,440**
35,000
-
-
-
**35,000**
22,837
-
143
-
**22,694**
32,286
3,280
23,019
13,700
**26,247**
12,000
-
-
-
**12,000**
8,900
-
215
(500)
**8,185**|
|||
|**_Designated_**
Emmanuel Church Halls
Legacies
Families' Minister
Emmanuel Development Fund
Buildings Maintenance
Church Halls Long Term Maintenance
Vicar & Church Wardens||
|||
|**_General fund_**|**134,536**
**229,834**
**31,544**
**(9,800)**
**323,026**
**335,254**
**215,376**
**189,899**
**9,824**
**370,555**|
|||
||**498,034**
**447,038**
**223,365**
**-**
**721,707**|
P a g e | **19**