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← The Parochial Church Council Of The Ecclesiastical Parish Of St Petroc, Bodmin

2024-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 December 2024

The Parochial Church Council of St Petroc’s Church, Bodmin with St Stephen, Nanstallon

Registered Charity Number: 1170555

Table of Contents Page
Trustees’ Annual Report 1
Financial Review 9
Independent Examiner’s Report 13
Accounts 14

Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

TRUSTEES’ ANNUAL REPORT

2024 Report and Accounts for the Parochial Church Council of St Petroc’s Church, Bodmin

Aim and purposes

St Petroc’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Paul Holley, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the parish church and Parish Centre in Bodmin, and the mission church of St Stephen’s Nanstallon.

Objectives and activities

The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community at St Petroc’s and St Stephen’s. It strives to enable Christian people to live out their faith and to serve their neighbours. It provides amenity for the town’s residents and for those of the village of Nanstallon.

When planning its activities for the year, the PCC has considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

Achievements and performance

Congregational life

The level of attendance at services remains stable at St. Petroc’s, representing growth of newcomers amidst the loss of elderly members. Weekly services at St. Petroc’s attract around 50 people. The PCC membership remains robust, drawing a healthy participation of new members alongside a committed core. Additional events such as parish lunches and fellowship groups continue to draw a faithful following.

The congregation numbers at St. Stephen’s remain stable but small at the attendance of the three services a month. Evensong continues to be more popular than the morning service despite the reintroduction of refreshments after the morning service. Celtic Prayer on the third Tuesday of the month, led by Marion Lowe, has the positive feature that it is supported by members from each Church in the team. As usual the Harvest service and Carol service saw the bigger congregations. During the year there were two baptisms; and two funerals. The Church is receiving more visitors due to being on the website of Celtic Quiet Churches.

Events and hirings

The frequency and range of events held in the church grew significantly. There are concerts and similar community events now on an almost weekly basis. Attendances and revenue have risen accordingly. The hiring of the parish centre was also buoyant, bringing a wide range of community groups together for leisure and mutual support.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Reordering and renovation

Momentum for the major projects to the church and parish centre was paused during 2024 until a funding officer could be appointed. The resources for this appointment were pooled between the church, Bodmin Way, Wadebridge Parish and the diocese. The appointee began her contract in February 2025 with the support of new working groups to take these key initiatives forward.

Men’s night

In December 2024 we started a new initiative to provide a social and pastoral opportunity for those men in our ambit. We have a pool of 15 men who have participated in the 3 events, including a Christmas social, games evening and a trip out to the bowling alley. The group seems to have gelled well and may prove to be a key initiative for the future.

Shared achievements with the Bodmin Team Ministry and Bodmin Way

St. Petroc’s Church continues to play a large part in the ministry and mission of the Bodmin Team Ministry. Ministers and volunteers are active across the team, and in its social enterprise, Bodmin Way. The team expanded significantly during 2024, welcoming new staff, volunteers, ministers and activities. Revd Grace Kanungha became assistant curate in June, with Caroline Bailey being welcomed as licensed lay minister in September. Revd Elaine Munday saw her Pioneer Ministry team grow with the addition of four NHS-funded Community Health and Wellbeing Workers. Revd Simon Atkinson became General Manager of Bodmin Way and lead officer for the Church of England’s Flourish Initiative. Along with additional staff at Bodmin Way such as a communications and marketing officer and a funding officer, the scale and capacity of the team has risen dramatically.

Financial position

Despite continuing financial headwinds in relation to costs and income, the long-term shift from a congregational model to a more mixed economy of revenue generation is beginning to bear fruit. The increased income from the hiring of church buildings, along with the growth of community initiatives are providing a strong base for future sustainability. Implementing the reordering plans will strengthen this strategy, bringing confidence for future investment. The support of the congregation nevertheless remains paramount, with successful recruitment of newcomers to planning giving schemes.

Worship and prayer

Ministry team

St. Petroc’s is well served by team clergy and lay ministers. St. Stephen’s remains under the faithful oversight of Licensed Lay Minister, Judy Squibbs with the support of Local Worship Leader, Marion Lowe. The wider cohort of local worship leaders and licensed ministers serving these congregations continues to grow. There are now 20 ministers serving the team, many of whom are particularly focused on ministry in St. Petroc’s. The ministry team meets regularly to pray together and to inspire one another. As a group of accomplished ministers they are a key asset for the life of the church.

Festivals

Attention was given to celebrating more festivals during 2024. These included those key liturgical high points such as Corpus Christi and celebration of the Blessed Virgin Mary as well as more community-focused services such as Volunteers Sunday and Pilgrimage Sunday. Christmas services proved as popular as ever. Services continue to be streamed weekly through FaceBook.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Servers

During the year, Maggie Sweetlove stepped back from her long-held role as Head Server. She was widely praised for her faithful work over decades. A fresh recruitment yielded 4 new servers, thus refreshing the team. This includes children, young people and adults working side by side. A rota of 5 servers each week has strengthened our liturgical practice and drawn fresh participation from relative newcomers.

Additional opportunities in the team

There remain groups for prayer and study for the congregation of St. Petroc’s and the wider team. These include a Monday home group, a study group by Zoom and monthly prayers at St. Stephen’s.

Pastoral care

There are currently have eight Lay Pastoral Ministers in the team. Five ministers are responsible for taking Holy Communion into our local residential homes, and private homes when required. This work seems much appreciated by the people visited.

Three ministers continue to do a sterling job in overseeing the frequent baptisms which take place throughout the year. One of these ministers is also a Lay Chaplain to our Bodmin Hospital.

The team meets approximately every six weeks to pray together and share any news that is relevant. Rev. Elaine and Churchwarden Joanna attend these meetings whenever they can.

The Pastoral Prayer Link continues and this is revised at each meeting. Daily prayers for those in need are much appreciated.

Children and Young People

The Sunday School meets each week during the Eucharist and is run by a team of volunteers. Their focus is usually the readings for the day with craft activities to support the learning. A presentation of their learning is made to the whole congregation at the end of each service. During the last year one of the Sunday School participants has also started to make the transition to being a server.

St Petroc’s Youth (SPY) continued to meet through 2024 with a monthly Sunday afternoon gathering. In April, SPY led a Sunday Eucharist alongside Revd Paul Holley. This was a culmination of activities over several meetings. From September this work has been led by Caroline Bailey alongside a team of volunteers.

From September, our capacity for work amongst the schools of the town has been increased by Caroline Bailey and Revd Simon Atkinson coming alongside Revd Elaine Munday to support the schools work. Caroline engaged with primary schools across the town in the run-up to the Christmas tree festival and supported Elaine at a number of key events. Simon also started to establish a working relationship with Bodmin College who have been chosen as a pilot site for Flourish. This is a national initiative from the Church of England to establish worshipping communities in schools.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Church buildings

St. Petroc’s Church

Despite initial disappointment in a major funding application in 2023, the PCC remained focussed during 2024 on plans for a substantial reordering project. That project, in addition to both upgrading the functional amenity and improving the somewhat worn-out interior aesthetic, would include elements of:

Fundraising continued towards the provision of new gates for the South Porch, as an advance component of the reordering project.

Physical work undertaken during 2024 was limited to relatively minor maintenance and repair. Despite the continued delay in progressing the aforementioned ambitions for re-ordering and upgrade, this 15[th] -century structure continued to serve well for the benefit of worshippers, visitors and concert/event attendees, presenting no insurmountable problems.

Other than the leaky windows, the repair item now of greatest concern is the condition of the tower belfry louvres, which are evidently in need of re-fixing and some possible replacements. It is hoped to progress this work, which will entail substantial temporary access costs, during 2025.

In the meantime, exploration has continued into potential funding sources for the proposed major improvements.

The Parish Centre

Intensifying use of the Parish Centre for community outreach projects, including in particular the Community Larder, continues to drive proposals for a comprehensive programme of extension and rehabilitation. Depending upon funding, such works may need to be implemented in an opportunistic, piecemeal manner. Enquiries have also continued into possible venues for temporary relocation of Parish Centre activities, to cover the partial or total closure that such redevelopment works would entail.

Quite apart from the Parish Centre’s space limitations and idiosyncratic layout (the legacy of earlier enforced building reconfigurations), this building is showing its age in respect of ease-of-use, accessibility, lighting and ventilation, and equipment generally.

However, in the absence of funds with which to progress a major building project, staff and volunteers have made the best of existing building facilities. Numerous minor repair and maintenance items have been dealt with.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon Trustees’ Annual Report

St Stephen, Nanstallon

St Stephen’s – a mission chapel within the Parish of St Petroc, Bodmin – is a much smaller structure than either St Petroc’s Church or the Parish Centre, and by no means as heavily used. Crucially, it is not a Listed building, and is thus unencumbered by the restrictions on building alteration or maintenance that must inevitably apply to a large 15[th] -century Grade I Listed parish church. In the past, St Stephen’s was maintained largely on a volunteer basis, and remains in generally sound order. It will, however, in common with any building, increasingly require maintenance attention. A small fall of plaster from above the altar and the west wall will need attention, as well as some small areas of re-pointing. With the gradual exhaustion of a ring-fenced fund – currently spent largely on maintenance of its surrounding churchyard (not used as a burial ground) – the PCC will need to fund and allocate a maintenance budget for St Stephen’s. In an effort to reduce running costs, after looking at the budget, the services of lawn mowing and cleaning have been discontinued; with these tasks now being done by local volunteers.

A Health & Safety Committee, working under the aegis of Bodmin Way, has been improving and formalising safe operating and maintenance procedures (including e.g. fire risk assessments) for all 3 of the PCC’s buildings – St Petroc’s Church, the Parish Centre and St Stephen, Nanstallon.

St. Thomas’ Chapel and churchyard

As a closed churchyard, the only ongoing burial activity in St Petroc’s churchyard is the interment of ashes. There are few such interments in any given year, and this work is normally undertaken by funeral directors under supervision of the Rector. In terms of interment and memorial fees, a portion of which is passed to the Diocese, this generates negligible revenue for churchyard maintenance. For this reason, maintenance responsibility for the churchyard has been transferred to Bodmin Town Council under s. 215 of the Local Government Act 1972. This arrangement works tolerably well, given that the Town Council’s Estates Department’s resources are inevitably finite.

A particular problem arises in the maintenance of the stone wall along the western boundary of the churchyard. Apart from the question of apportioning maintenance responsibility with neighbours, the Town Council is understandably unwilling to assume responsibility for repairing long-term deterioration pre-dating its assumption of maintenance under s. 215.

A notable feature in the churchyard is the ruined chapel dedicated to St Thomas Becket. This is a single-cell structure, now roofless, with a crypt beneath, and believed to have served initially as a chantry, and most recently (19[th] century) as a schoolhouse. It is a Scheduled Ancient Monument (SAM). As such it has previously received limited funding support from Historic England (HMG’s agency with responsibility for SAMs) for carrying out minor maintenance and stabilisation work on the walls.

It is currently on Historic England’s ‘at-risk’ register. The PCC has approached Historic England for possible assistance in commissioning a feasibility study as the first step in a possible restoration project.

The crypt is kept locked against public access, for safety reasons. However, when visited in November 2024 by staff from Historic England, including the Regional Inspector of Ancient Monuments, an examination of the crypt stonework raised the possibility that it predates the chapel structure above it, which was licensed in 1377. The PCC awaits the results of Historic England’s further research on this point.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Mission and evangelism

Social Enterprise

Bodmin Way is a social enterprise that organises community projects across the 5 churches that comprise Bodmin Team Ministry. Its primary aim is to support the team churches in establishing sustainable mission activities. These include the weekly Time Together group, a Community Larder, a 25 mile cross-country pilgrimage route linking the 5 churches, a community choir and ad hoc events. A parish nurse is the latest member of the team to add further dimensions to this work. Church volunteers assist in these various activities but also organise other mission initiatives.

Pioneer Ministry

Team vicar, Revd. Elaine Munday, appointed as a Pioneer Minister in 2018, continues to identify increasing social needs and mission opportunities across the local housing estates and in schools and colleges. This growing ministry has impacted the lives of countless individuals and families, many of whom are particularly vulnerable at this time of social and economic crisis. Elaine works creatively sharing the gospel in ways relevant to local demographics that addresses complex social dilemmas. She also generates interest in weddings, baptisms and funeral services. ‘Ourgate’ is a simple project whereby a table at Revd Elaine’s garden gate provides a local focal point offering a range of foodstuff and other basic necessities, free of charge to those in need. People regularly leave goods as well as taking for their immediate needs.

Local and overseas mission

The mission focus group meets regularly to plan and pray for forthcoming mission events. This year’s key fund raising events generated a total of £2123, that supported the work of The Leprosy Mission Team coffee morning), South American Mission Society (SAMS), Church of England Children’s Society (Christingle), Royal British Legion, World Day of Prayer , St Petroc’s Society (Lent lunches), St Mary’s Penzance & Centrepoint (Pianist, Homeless).

Bodmin Children’s Services were grateful to receive summer activity boxes filled with diverse resources to occupy children in their care during the summer holidays. Items were especially welcome for older children and teenagers whose needs are often overlooked.

Looking forward

Bodmin Team Ministry will continue to work collaboratively to consolidate the many successes of recent months, to share resources and pursue further opportunities into the wider community. New team members and volunteers continue to be invited to explore and develop fresh initiatives, especially in the local schools and colleges, and access to the necessary funding remains paramount.

Safeguarding and Volunteers

During 2024, the Parish Safeguarding Officer (PSO) role was handed back to Paula Martin who has continued to as both PSO and DBS Recruiter for the Team Ministry. The PSO attended PCC meetings in person for St Petroc’s Church, St Meubred’s Church and St Hydroc’s Church and reported through

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

the incumbent for Lanivet Church. The PSO leads the Safeguarding matters for both Bodmin Way employees and volunteers.

There are 131 volunteers registered on the Parish Hub (representing a net increase of 11 from the previous year), covering 51roles (up from 35 last year) across a wide variety of activities, including those in Church and others in wider community groups.

DBS (new and renewals) for volunteers carrying out regulated activities were carried out during the year in accordance with the Church of England DBS Eligibility Guidance, and the Safer Recruitment Policies.

New volunteering opportunities are advertised through Bodmin Way Social Media, on posters and on the Volunteer Cornwall website, and are promoted through word of mouth, with many volunteers choosing to join by recommendation of their friends and family. In 2024 we also highlighted volunteering during National Volunteering week in June.

Volunteering time average hours remains at 4 hours, whether in church roles or for weekly groups. This amounts to ~ 27,000 hours of volunteering per year. At the Living Wage for 2024/25 this equates to £311k, (an increase of £26k from the previous year). From this is can clearly be seen that the community in Bodmin and the surrounding villages continue their commitment to helping Bodmin Way to help others, and without their support, many of the initiatives would not be sustainable.

During the year the PSO has continued to promote a knowledge and understanding of safeguarding, especially recognising, responding, recording and reporting to the PSO or others if they become concerned for the welfare of others. Volunteers are encouraged to complete the Church of England training courses in Safeguarding, (part of the Church of England Learning and Development Framework) with a basic understanding as a minimum for every volunteer. These courses are offer both online and in group settings. The PSO would like to thank every volunteer for taking the time to learn about Safeguarding however they have chosen to do so.

In 2024 we saw a small increase in reported concerns for welfare. These related to the possibility of types of abuse which may occur in communities where higher degrees of advice and support are needed to help them to navigate the many challenges of life, and to live well. This increase was also in part attributable to the appointment of a small team of Community Health and Wellbeing Workers. This team has been further trained in managing safeguarding referrals in partnership with the PSO, in order to try and secure the attention of a range of statutory agencies who may be needed to provide further support for individuals and their families. We are grateful to individuals and families who place their trust in the work of the Pioneer Minister and her team who operate out in the community, especially when they are taking the important step of recognising and being open to the possibility of trying to get more help and support.

No concerns for welfare raised during the year were related to any forms of abuse within the Church of England.

The Bodmin Team Ministry remains alert to the developments at national level within the Church and shared its disappointment with relevant authorities within the church at the slowness of the journey to achieve improved systems and processes which protect the vulnerable and victims of past abuse. However, we continue, as we must, to work closely with Truro Diocese. In particular, the Safeguarding team led by Andy Earl, which is assisting us as we further develop Safeguarding policies.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Plans for future periods in 2025 include continuing to promote high levels of knowledge through our volunteer community and further improving our Safeguarding Policy and systems. In addition, further training and development for the CHWW team is planned. The Bodmin Team Ministry has also recognised the time commitment now required to manage Safeguarding in this team and has decided to make funding available to support delivery of this work, including safe recruitment of new volunteers who we hope will come and join us in 2025.

Deanery Synod

Synod for the deanery of Trigg Minor and Bodmin met regularly throughout 2024, in various locations within its boundaries.

We were kept up to date with the processes involved in the selection of a new Bishop for Truro diocese and with the progress (or lack of it) to appoint area deans, which was ultimately abandoned.

The Low Income Community Fund benefited from additional money and Lanivet Primary School continued to be a beneficiary, enabling it to fund musical instruments for deprived children.

At the end of the year Paul Beynon resigned to take up ministry in Padstow and was replaced by Jeffrey Terry. Additionally, the Deanery Lay Chair Robert Pearce has stepped down and Claire Saltzmann, the Treasurer also resigned. New appointments will be made at the start of 2025.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Financial Review

Total receipts on unrestricted funds were £85,346. £20,197 was received from planned voluntary donations, and a further £7,237 was from Gift Aid recovery. Restricted grants and donations of £22,480 were also received, the majority of which was for projects in the community such as Community Space and Community Cuppa. We are grateful to all those bodies who supported us by providing grants for this work.

The planned giving through envelopes, banker's orders and the Parish Giving Scheme fell by 9% compared with the previous year. This was sadly due to the loss of several significant donors. We are grateful for the continuing support of our parishioners in maintaining donations in difficult times. Gift Aid recovery was similarly down by 6%.

Income from Church Activities increased by some 30% due to a very successful year in church and Parish Centre lettings for concerts and community groups. The Christmas Tree Festival was also very successful producing a surplus of £5,421. We are very grateful to all those involved in developing these activities.

Total income in the unrestricted funds increased by 5.4%.

On the expenditure side the significant change was the increase in monies allocated for salaries. The PCC does not pay salaries direct, but transfers the monies to Bodmin Way who hold the HMRC account. The increase in salaries is due to the reduction in the number of unpaid volunteers and the need to maintain services to support the church.

Donations to charities amounted to £2,123.

The overall deficit for the year on the Unrestricted Fund was £21,611

No legacies were received during the year. However some £30,000 remained at the start of the year from previous legacies, of which £20,000 was transferred to the Unrestricted Fund and the balance spent on building projects.

We met some 90% of our payment to the Diocese of Truro in respect of the Mission & Ministry Fund (MMF) in the sum of £33,000 out of a requested £37,000. Given the deficit on the Unrestricted Fund overall the PCC felt it needed to retain some funds for the coming year.

Routine maintenance was carried out on church buildings but no major repairs.

The PCC holds a Church of England deposit account with CCLA Investment Management Ltd which contains stored funds. Interest for the year was £2,307.

Overall the PCC has noted that it is running at a deficit on the Unrestricted Fund of around £25,000 if the MMF payment had been made in full. For this year that was met by the transfer of £20,000 from the legacies money held in the Designated Fund.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Reserves policy

The PCC has a Reserves Policy in relation to the unrestricted fund, requiring it to keep sufficient cash to meet three months of general spending (approx. £25,000). There is no Reserves Policy in relation to the restricted funds.

Structure, governance, and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure . The PCC is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Petroc's the membership of the PCC consists of the Team Rector, team vicar, team curate, churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who are members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.

The full PCC met 8 times during the year. Given its wide responsibilities the PCC has a standing committee to deal with ongoing operations and a buildings group to focus on the maintenance and development of the church buildings and Parish Centre.

The social enterprise for the team ministry, Bodmin Way, provides for the employment of team staff and the management of various mission projects. Matters of common interest to the team churches are informally coordinated by a forum of the churchwardens of the constituent parishes, but the PCC remains the key decision-maker for all matters relating to the parish. Several informal groups organise the range of liturgical, pastoral and social activities under the oversight of the Team Rector.

Related Parties

No declarations have been made.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report

Administrative information

St Petroc’s Church is situated in Bodmin and forms part of the Bodmin Team Ministry with the parishes of St Meubred, Cardinham, St Hydroc, Lanhydrock and Lanivet. It is within the Diocese of Truro in the Church of England. The correspondence address is The Parish Centre, Priory Road, Bodmin. PL31 2DP. Registered Charity number 1170555.

PCC members who have served at any time from 1[st] January 2024 until the date this report was approved are:

Incumbent:

Rev’d Paul Holley (Team Rector)

Team Clergy:

Churchwardens:

Joanna Dingle Andrew Sadleir

Rev’d Elaine Munday (Team Vicar)

Deanery Synod representatives:

Elected PCC members:

Derek Lowe Peter Dingle Andrew Sadleir Bryan Hammond Bryony Dorrington Muriel Nicholl Roland Oakley Sadie Oakley Catherine Palmer Kylah Giles Judy Squibbs

Ex officio PCC members:

As Churchwardens: Dingle and Sadleir As Deanery Synod representatives: Lowe, Sadleir and Dorrington

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon Trustees’ Annual Accounts: Independent Examiner’s Report

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Accounts

STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31 December 2024

Note
INCOME AND
ENDOWMENTS
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
TOTAL INCOME
EXPENDITURE
Church activities
3(a)
Church expenses
3(b)
Cost of generating funds
3(c)
Major repairs
3(d)
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE INVESTMENT GAINS
NET GAINS ON INVESTMENTS
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
TOTAL
2024
£
36,772
0
28,817
65,589
13,223
0
2,377
15,600
3,393
0
0
3,393
31,958
0
0
31,958		 TOTAL
2023
£
72,133
14,597
3,232
24,535
85,346
0
31,194
116,540		 114,497
64,212
0
28,232
92,444
32,183
0
1,000
33,183
7,685
0
0
7,685
2,877
10,297
0
13,174		 80,581
32,531
7,918
52,272
106,957
10,297
29,232
146,486		 173,302
(21,611)
(10,297)
1,962
(29,946)

0
0
0
0
(21,611)
(10,297)
1,962
(29,946)
22,435
(20,000)
(2,435)
0		 (58,805)
0
(58,805)
0
824
(30,297)
(473)
(29,946)
28,031
30,297
35,259
93,587		 (58,805)
152,391
28,855
0
34,786
63,641		 93,586

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Accounts (continued)

BALANCE SHEET AS AT 31 DECEMBER 2024

2024 2023
Notes
£ £
FIXED ASSETS
Tangible 8 9,169 9,629
9,169 9,629
CURRENT ASSETS
Stock 570 535
Debtors and prepayments 9 3,331 2,270
Cash at bank and in hand 52,844 84,764
56,745 87,569
LIABILITIES
Creditors – amounts falling due within one year 10 (2,274) (3,612)
NET CURRENT ASSETS/(LIABILITIES) 54,471 83,957
TOTAL ASSETS LESS CURRENT LIABILITIES 63,641 93,586
Creditors – amounts falling due after one year 0 0
TOTAL NET ASSETS 63,641 93,586
PARISH FUNDS
Unrestricted 28,855 28,031
Designated 0 30,296
Restricted 34,786 35,259
11 63,641 93,586

These accounts were approved by resolution of the Parochial Church Council on 20[th] March 2025 and are signed on its behalf by:

Paul Holley (PCC Chairman)

Derek Lowe (PCC Treasurer)

The notes on pages 16 to 21 form part of these accounts.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report: Notes to the Accounts

1 ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

ASSETS

Consecrated and benefice property

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt.

Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial.

An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.

FUNDS

Unrestricted Funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the Trustees’ Report.

year ended 31 December 2024

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Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report: Notes to the Accounts

Designated Funds

These are funds set aside for specific purposes by the PCC. The current monies are legacies which have been allocated to church heating and re-ordering projects. The PCC can re-designate these funds at any time if it so wishes.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Trust Fund

Monies are held on trust and invested by the Truro Diocesan Board of Finance. The PCC has no access to the capital amounts but does receive dividends which are recorded as income from investments in the accounts. Dividends received in the year were £1,086 (2023: £1,072).

2 INCOME AND ENDOWMENTS

2(a)
Voluntary income
Planned giving: Gift Aid donations
Tax recoverable
Legacies
Other
Collections:
(open plate)
Other giving:
Recurring
Non-recurring
Grants:
Major structural renewal
Other
Other incoming resources
2(b)
Activities for generating funds
Fundraising
2(c)
Income from investments
Dividends
Interest income
2(d)
Income from church activities
Book stall & magazines
Hall lettings
Parochial fees
Other church activities
Total income		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2024
Total
2023
£
£
£
£
£
15,397
6,037
0
5,616
0
0
0
0
4,800
1,200
0
0
20,197
7,237
0
5,616
22,242
7,699
10,736
4,935
6,605
0
0
6,605
6,881
2,261
261
0
0
0
637
2,261
898
2,627
1,694
0
300
0
0
0
22,180
0
22,480
0
15,319
295
0
0
295
0
36,772
0
28,817
65,589
72,133
13,223
0
2,377
15,600
14,597
13,223
0
2,377
15,600
14,597
1,086
0
0
1,086
1,072
2,307
0
0
2,307
2,160
3,393
0
0
3,393
3,232
398
0
0
398
410
28,442
0
0
28,442
21,207
3,118
0
0
3,118
2,918
0
0
0
0
0
31,958
0
0
31,958
24,535
85,346
0
31,194
116,540
114,497

year ended 31 December 2024

17

Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report: Notes to the Accounts

3 EXPENDITURE

3(a)
Church activities
Missionary and charitable giving
Ministry: diocesan parish share
Mission & evangelism costs
Expenses (clergy & staff)
Cost of Trading
Salaries/Honoraria (via Bodmin Way)
3(b)
Church expenses
Administration costs
Governance
Cleaning
Utility costs
Insurance
Repairs & maintenance
Upkeep of churchyard
Upkeep of service
Depreciation on fixtures & fitting
3 (c)
Raising funds
Cost of generating funds
3 (d)
Major repairs
Major church repairs
Major repairs to other buildings
TOTAL RESOURCES EXPENDED		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
2024
Total
2023
£
£
£
£
£
2,123
0
0
2,123
1,380
33,000
0
0
33,000
35,250
858
0
10,395
11,253
11,656
1,747
0
1,145
2,892
3,191
104
0
0
104
463
26,380
0
16,692
43,072
28,641
64,212
0
28,232
92,444
80,581
3,064
0
0
3,064
2,442
600
0
0
600
630
0
0
180
180
447
10,374
0
0
10,374
9,819
7,482
0
0
7,482
7,157
9,150
0
100
9,250
9,358
32
0
720
752
1,175
1,021
0
0
1,021
1,043
460
0
0
460
460
32,183
0
1,000
33,183
32,531
7,685
0
0
7,685
7,918
7,685
0
0
7,685
7,918
1,800
0
0
1,800
52,272
1,077
10,297
0
11,374
0
2,877
10,297
0
13,174
52,272
106,957
10,297
29,232
146,486
173,302

4 ANALYSIS OF EXPENDITURE

Independent Examiner’s remuneration* 2024
£
600
600		 2023
£
600
600

5 STAFF COSTS

The Bodmin Team Ministry cluster of five churches employs 8 staff members through a social enterprise company (Bodmin Way) set up to promote mission activities and community use of church premises across the team. The PCC contributes to the salaries through both general funds and those raised for special purposes.

year ended 31 December 2024

18

Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report: Notes to the Accounts

The PCC (through Bodmin Way) also employs a full time Pioneer Minister as a key part of the church’s outreach strategy into the Bodmin estates and surrounding areas. The Restricted Fund collates all receipts and payments in relation to this work. Monies to cover salaries are transferred to Bodmin Way who make the actual payments.

6 TRANSACTIONS WITH MEMBERS OF THE PCC DURING THE YEAR

The following shows transactions throughout the year relating to those who were members of the PCC at any time during the year. This includes payments to family members as well as PCC members themselves. Where salaries are involved, the figures are the contributions made to Bodmin Way (who pay the wages) by the PCC and do not necessarily reflect the final amounts paid to the PCC member. The church does not have a debit or credit card so PCC members often buy items on behalf of the PCC and reclaim the costs later.

PCC Member Description Amount £
Peter Dingle Reimbursement of PCC costs incurred 643.25
Revd Paul Holley Expenses and reimbursement of costs incurred 1,751.19
Revd Grace Kanungha Expenses 532.54
Derek Lowe Reimbursement of PCC costs incurred 534.25
Revd Elaine Munday Salary, expenses and reimbursement of PCC costs incurred 14,161.46
Roland Oakley Salary and reimbursement of PCC costs incurred 16,492.59
Andrew Sadleir Reimbursement of PCC costs incurred 81.66
Judy Squibbs Expenses 6.30

7 ANALYSIS OF TRANSFERS BETWEEN FUNDS

Unrestricted Designated Restricted Total
£ £ £ £
Hall Hire fees transferred from 2,410 0 (2,410) 0
Grants to Parish Centre
Transfer of Christmas Tree 25 0 (25) 0
donations to Unrestricted
Agreed transfer of Designated 20,000 (20,000) 0 0
(legacy) monies to Unrestricted
fund

The transfer between funds is for church and Parish Centre hire for use of the facilities for the community purposes stipulated by the various donors.

year ended 31 December 2024

19

Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon Trustees’ Annual Report: Notes to the Accounts

8 FIXED ASSETS

Tangible
Cost of valuation
At 1 January 2024
Disposal
Additions at cost
At 31 December 2024
Depreciation
At 1 January 2024
Withdrawn on disposals
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Fixtures &
Fittings
£
11,009
0
0
11,009
1,380
0
460
1,840
9,169
9,629		 Total
£
11,009
0
0
11,009
1,380
0
460
1,840
9,169
9,629

Fixtures & Fittings comprises installation of batteries in the Parish Centre to support previously installed solar panels.

9 CURRENT ASSETS

Debtors (Unrestricted funds)
Tax recoverable
Other debtors
IABILITIES
Amounts falling due within one year
(Unrestricted funds)
Accounts payable
Accruals for utility and other costs
Other creditors
Amounts falling due within one year
(Restricted funds)
Accounts payable		 2024
£
1,143
2,188

2023
£
1,087
1,183
2,270
2023
£
0
3,000
612
3,612
0
0
3,331
2024
£
0
1,662
612
2,274
0
0

10 LIABILITIES

year ended 31 December 2024

20

Parochial Church Council of St Petroc’s, Bodmin with St Stephen, Nanstallon

Trustees’ Annual Report: Notes to the Accounts

11 SUMMARY OF ASSETS BY FUND

Tangible fixed assets
Investment fixed
assets
Current assets
Amounts falling due
within one year		 Unrestricted
funds
£
0
0
31,129
(2,274)
28,855		 Designated
funds
£
0
0
0
(0)
0		 Restricted
funds
£
9,169
0
25,617
(0)
34,786		 Total
£
9,169
0
56,746
(2,274)
63,641

year ended 31 December 2024

21