## **BRISTOL CCRC TRUST**
Annual report and accounts for the year ended 31 December 2021
Company registration no. 11115823 Charity no. 1178905
1
|**CONTENTS**|**Page No**|
|---|---|
|**Reference and administrative details of the charity**|**3**|
|**Trustees' report**|**4-8**|
|**Independent examiner's report**|**9**|
|**Statement of financial activities**|**10**|
|**Balance sheet**|**11**|
|**Cash Flow Statement**|**12**|
|**Notes**|**13-18**|
**Page 2**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
## **Administrative Details**
Bristol CCRC Trust is a charitable company limited by guarantee, incorporated on 18 December 2017 and registered as a charity on 22 June 2018.
Charity name: Bristol CCRC Trust Charity no: 1178905 Company no: 11115823 Board of Trustees: Revd Toby Flint (Chair) Mr Jonathan Bradshaw (Treasurer) Mr Andrew Spens Mr Zak Verry Mrs Sarah Jackson (resigned 29 April 2021) Mrs Jennifer Gordon (appointed 29 April 2021) Miss Lucy Peers (appointed 6 September 2021) Mr Christopher Egitto (appointed 6 September 2021) Miss Precious Anekwe (appointed 6 September 2021) Mr Cameron Laleye (appointed 6 September 2021) Company Secretary: Mrs Amy Walker Registered office: St Nicholas Church St Nicholas Street Bristol BS1 1UE Examiner: Derek Rodwell Impact the Future Ltd Bennett Verby 7 St Petersgate Stockport Cheshire SK1 1EB Principal bankers: CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ
**Page 3**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
## **BRISTOL CCRC TRUST**
## **Trustee’s annual report for the year ending 31 December 2021**
The Board of Trustees present their report and accounts for Bristol CCRC Trust for the period ending 31 December 2021.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing documents**
Bristol CCRC Trust was established under a Memorandum of Association that established its objects and powers and is governed under its Articles of Association. Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up.
## **Structure**
The Board of Trustees is responsible for the governance and management of the church. The leadership of the church's activities, development of its spiritual life and its daily management has been delegated to the Core Leadership Team who are supported in that role by senior clergy and staff. The Board of Trustees retains final decisions over policies, employment of staff and finance, and takes responsibility for all matters of legal and regulatory compliance and safeguarding.
Trustees give their time voluntarily and receive no financial benefit from the charity. Trustees are appointed by ordinary resolution by members, existing trustees or by the Bishop of Bristol in her corporate capacity.
## **Decision Making**
All financial and strategic decisions over £10,000 are taken by the majority of the Board of Trustees. Any financial and strategic decisions over £5,000 are taken by the senior leadership and treasurer. The organisational implementation of the strategy is carried out by senior leadership and staff.
## **Training**
All staff, volunteers and trustees undergo a formal recruitment and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role. The senior leader of the church is a member of clergy, whose pay is set via stipend, the level of which is set by the Diocese.
## **Volunteers**
The church benefits from the dedicated work of a great number of volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
## **Risk Management**
Internal financial risks are managed by the implementation of financial procedures for the collection, banking and recording of all donations and the authorisation and recording of all expenditure. The company has a safeguarding officer and a safeguarding policy that is reviewed annually. The company also has a data protection policy and health and safety policy.
Due to COVID 19, additions were made to the Health and Safety policy regarding the risks associated with the pandemic as well as to the safeguarding policy regarding digital conduct and safety.
## **OBJECTIVES AND ACTIVITIES**
**Page 4**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
Bristol CCRC Trust, acting under the name of St Nicholas Bristol, is an Anglican church led by Revd Toby Flint who was commissioned by the Bishop of Bristol in 2017 to plant a resource church into the centre of Bristol.
The Board of Trustees is committed to the vision statement of the church to play our part in the evangelisation of the nation, the revitalisation of the church and the transformation of society. In accordance with the vision statement, the church aims to meet its objectives through the provision of public services of worship, religious teaching, envagelistic events and courses, social action, instruction and support for family life and resourcing and planting churches. Given the diversity of the church’s activities, performance is measured on a case by case basis.
Our objectives are set out in our governing document, the Memorandum and Articles of Association, which was agreed by the Board of Trustees on 18 December 2017.
## **Our objectives**
The church’s objects are restricted specifically, only for the public benefit to the advancement of the Christian religion principally:
- through the provision of an Anglican place of worship in Bristol, and
- by contributing towards the establishment, renewal and revitalisation of churches within the Anglican communion.
## **Public Benefit**
In accordance with our duties as stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit has been demonstrated by the activities undertaken since inception of the charity outlined in this document.
## **ACHIEVEMENTS AND PERFORMANCE**
COVID continued to impact St Nicholas into 2021 with many of the church's activities remaining online for the first half of 2021. However, as restrictions lifted we were able to do more in person services, gatherings and events. Highlights from the period under review include:
- In another year of change and restriction, our Sunday services remained at the heart of our engagement, meeting both in person and online with services live streamed every week. By the end of the year our AWA attendance was around 280 adults and children.
- Through opportunities provided in our Sunday services we have been investing in raising up young leaders under 30 in hosting and speaking with a large number of those involved in that demographic. Our two Preach It! Sundays provided a platform for a number of first time speakers to deliver a 5 minute message which was well received at both the morning and evening services.
- At our baptism services in July and September we baptised 14 people including six infants and eight adults, many of whom had come to St Nicholas through Alpha.
- St Nicholas celebrated Christmas with carol services across two Sundays in December with over 750 attending. The church also partnered with a local pub to host beer and carols in St
**Page 5**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
Nicholas Street which was attended by both congregation members, their friends and anyone passing by.
- In September we took on the lease of a new space across the road from the church for use mid week by the staff team, social action courses and events and, on Sundays, for our kids groups to meet in. The space has also been used by Student mission groups on a number of occasions.
- With restrictions easing and access to the new kids venue, St Nicholas returned to running Sunday kids and youth groups in the summer. It's been wonderful to be able to focus on growing these two ministries.
- In October the youth group went on their first weekend away with 27 11-16 year olds, a quarter of whom had very little connection with church and had been invited by a friend. The kids team also hosted its first light party which saw families enjoying a neon themed morning of games, crafts and a silent disco.
- We continued to gather students weekly for food, teaching and worship which has fostered a sense of community between both returning and new students. The team are planning for a weekend away in the spring of 2022.
- In September we were joined by five apprentices for the Leadership Development Year (LDY) with each apprentice serving a particular ministry area - social action, Alpha, worship & prayer, kids, youth ministry - and receiving weekly teaching. The year will end in July with a new group of LDYs starting in Sept 2022.
- In 2021 there was a particular focus on discipleship through groups and a trial mentoring programme for those in their 20s. By the end of the year over 50% of the church community had connected with Groups at some point. The mentoring programme was utilised by X in their 20s and we now plan on rolling out across the church from Feb 2022.
- Alpha ran three times over the course of the year, twice online (Spring & Summer term) and once in person (Autumn term), with over 145 attending. In the Autumn term St Nicholas joined two other churches for the Alpha Weekend away.
- The church celebrated its third year since opening with a number of invitational events, including a comedy jazz gig night, Saturday pop up shop, party and silent disco. The congregation were encouraged to invite friends and family to them all with the church extending the invitation to the entire BS1 neighbourhood.
- Following an increased need for food provision, throughout 2021 St Nicholas supported two food banks and a number of sheltered homes, increasing support to additional sheltered homes in the first half of the year. We now support six locations weekly with food parcels and recipe bags.
- The church ran four Rework courses in 2021 in response to the increase in unemployment rates nationally. Alongside this, we also ran our first CAP Money and Life skills course with excellent feedback from the participants.
**Page 6**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
- Spark now supports two schools within the city with 1-2-1 mentoring and recently established group reading sessions. There are now 11 coaches from St Nicholas who provide weekly support to primary school children at risk of exclusion.
- Over 40 parents went through the Begin Well Course, a free antenatal course run by experienced medical professionals for those who couldn’t normally afford other antenatal classes
- The Tastelife course was run twice in 2021 with 12 participants joining. Tastelife is a charity offering courses for those experiencing eating disorders and their carers.
- St Nicholas has responded to the recent crisis in Afghanistan by supporting refugees being housed in local Bristol hotels through providing access to Little Nicks, the weekly toddler group. Over 50 have attended with a regular group of 10 parents coming weekly. The church continues to establish relationships with local charities supporting refugees eg. Baby Basics, Bridges for Community, Welcome Churches
- In December, St Nicholas packed and delivered 1000 Christmas bags into the local community. Bags were distributed to the homeless and those working in the sex industry, as well as the two schools supported through SPARK.
## **FUTURE PLANS**
The Core Leadership Team (CLT) has identified the three priorities for 2022 and beyond. The three priorities are: discipleship, leadership and church planting. A focus on discipleship aims to develop Christian maturity in the congregation and increase levels of commitment. A focus on leadership aims to raise up a younger, more diverse leadership team across all areas of church ministry. A focus on church planting will help us to make concrete plans, in partnership with the Diocese, to take on the operational and financial challenge of sending a planting team into a new church plant in Bristol and begin to prepare for future plants.
## **FINANCIAL REVIEW**
In the period to the end of December 2021, St Nicholas raised a total of £521k (2020: £377k) against expenditure of £469k (2020: £358k). Unrestricted funds received totalled £448k (2020: £292k) with a balance of £435k (2020: £325k) of unrestricted funds carried forward into 2022. Restricted funds received totalled £74k (2020 £85k) with a balance of £85k (2020 £142k) on restricted funds carried forward into 2022.
The primary funding source for St Nicholas is the congregational giving which totalled £375k in 2021. Grants, both restricted and unrestricted, totalled £128k and included a grant of £60k from the Jerusalem Trust towards the work of St Nicholas as a resource church.
## **RESERVES POLICY**
It is the aim of the trustees that the free reserves (unrestricted and not represented by fixed assets) held by the charity should cover 3-6 months of unrestricted expenditure. This equates to approximately £84k - £169k. At this level the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. Should this happen, it
**Page 7**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
would also be necessary to consider how the funding would be replaced or activities changed. The church currently has more than adequate free reserves going forward into 2022 of £415k.
## **SAFEGUARDING**
The Board of Trustees have adopted the Diocese of Bristol’s safeguarding policy relating to children, young people and vulnerable people and appointed Mr Zak Verry as the Safeguarding Officer. The Safeguarding Officer has completed the necessary diocese training courses in safeguarding young people and vulnerable adults.
The trustees are committed to the principles of best practice in relation to safeguarding and comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church of England official website.
## **THE BOARD OF TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
Charity law requires the trustees to prepare a statement of financial activities and statement of assets and liabilities for each financial year, which gives a true and fair view of the state of affairs of the church and of its financial activities for that year and adequately distinguishes any material special trust or other restricted fund of the church. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the church will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the church, and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Board of Trustees
Revd. Toby Flint Senior Leader and Chair of Trustees
Date: 12 May 2022
**Page 8**
Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Bristol CCRC Trust Ltd (St Nicholas, Bristol) ('the Company')**
## **Independent examiner’s report to the Trustees of Bristol CCRC Trust Ltd.**
I report on the financial statements of the charitable company for the year ended 31 December 2021, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 10 to 18.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). The charity is required by company law to prepare accrual based accounts.
Having satisfied myself that the charity is not subject to audit under part 16 of the 2006 Companies Act and is eligible for independent examination, it is my responsibility to:
- examine the financial statements under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
I have completed by examination. I confirm that no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and the 2011 Act
- have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 7[th] September 2022
Derek Rodwell FCCA, Impact The Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire SK1 1EB
Page 9
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31ST DECEMBER 2021**
|**Note**
**INCOME FROM:**
**Voluntary income**
2
**Income from charitable activities**
Courses, events, occasional services etc
3
**TOTAL INCOME**
**EXPENDITURE ON:**
**Charitable activities**
Mission & outreach
Site development
Community
Worship & services
**TOTAL EXPENDITURE**
4
**NET INCOMING / (OUTGOING) RESOURCES**
**Total brought forward**
**TOTAL FUNDS AT 31 DECEMBER 2021**|**Unrestricted Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**2020**
**2020**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
**434,740**
**68,493**
**503,233**
**279,988**
**84,755**
**364,743**
**12,788**
**5,425**
**18,213**
**12,493**
**0**
**12,493**|
|---|---|
||**447,528**
**73,918**
**521,446**
**292,481**
**84,755**
**377,236**|
||**90,157**
**80,915**
**171,072**
**39,146**
89,962
129,107
**33,861**
**1,117**
**34,978**
**40,665**
0
40,665
**117,713**
**29,258**
**146,971**
**48,532**
60,332
108,865
**95,794**
**19,728**
**115,522**
**39,807**
39,732
79,540|
||**337,525**
**131,018**
**468,543**
**168,150**
**190,026**
**358,177**|
||**110,003**
**(57,100)**
**52,903**
**124,330**
**(105,271)**
**19,059**
**325,136**
**142,206**
**467,342**
**200,806**
**247,477**
**448,283**|
||**435,139**
**85,106**
**520,246**
**325,136**
**142,206**
**467,342**|
Page 10
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
|||**31ST DECEMBER 2021**|**31ST DECEMBER 2021**||**31ST DECEMBER 2020**|**31ST DECEMBER 2020**|
|---|---|---|---|---|---|---|
||**Note**|**£**|**£**||**£**|**£**|
|**FIXED ASSETS**|||||||
|Tangible assets|6|29,420|29,420||37,580|37,580|
|**CURRENT ASSETS**|||||||
|Sundry Debtors|7|86,947|||177,809||
|Cash at bank||444,066|531,013||257,076|434,885|
|**CREDITORS: amounts falling due within 12**||**months**|||||
||8|(40,188)|(40,188)||(5,123)|(5,123)|
||||||||
|**NET CURRENT ASSETS**|||490,825|||429,762|
||||||||
|**NET ASSETS**|||520,245|||467,342|
|**STATEMENT OF FUNDS**|9,10||||||
|Restricted funds|||85,106|||142,206|
|Unrestricted funds|||435,139|||325,136|
||||||||
|**TOTAL FUNDS**|||520,246|||467,342|
The notes on pages 11 to 13 form part of these financial statements.
For the period ended 31 December 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Responsibilities of directors/trustees:
a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.
b. The directors/trustees acknowledge their responsibilities for complying with the
requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors and signed on behalf of the board,
Signed Dated 16th May 2022
Company registration number: 11115823
Page 11
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) Cash flow statement For the year to 31st December 2021**
||**2021**||**2021**|**2020**|**2020**|
|---|---|---|---|---|---|
||£||£|£|£|
|**Net income for the reporting period (as per statement of financial activities)**|||52,903||19,059|
|**Adjustments for:**||||||
|Depreciation charges|11,578|||8,616||
|Write off of assets|0|||0||
|Decrease in value of debtors|90,861|||89,006||
|Increase in value of creditors|35,065|||500||
|Net cash from operating activities|||137,505||98,122|
|**Cash flows from investing activities**||||||
|Purchase of fixed assets|||(3,418)||(18,692)|
|||||||
|**Increase in cash in year**|||186,990||98,490|
|**Reconciliation of net debt**||||||
||||opening|cash flow|closing|
||||01/01/21|2021|31/12/21|
|Cash and cash equivilents-||||||
|Current accounts|||171,923|186,981|358,904|
|Deposit accounts|||85,154|9|85,162|
||||257,076|186,990|444,066|
|Borrowings
Debt due within one year|||0|0|0|
|Total|||257,076|186,990|444,066|
Page 12
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) Notes to the accounts**
**For the period ended 31st December 2021**
## **1 ACCOUNTING POLICIES**
## **Basis of preparation**
The financial statements have been prepared in accordance with the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Bristol CCRC Trust Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The trustees consider that the Bristol CCRC Trust Ltd is a going concern and have accordingly prepared the accounts under the historical basis of accounting.
The trustees are confident that with the continued support of the congregation, and appropriate management of expenditure, the church is a going concern and will continue to be financially viable in the foreseeable future. Budgets and cash flow forecasts are in place for 2022 and levels of free reserves at the start of 2022 were at over £400k.
## **Funds**
General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Restricted funds are those donated for specific purposes.
## **Income**
## _Voluntary income and capital sources_
Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donations are recognised.
Grants and legacies to the Trust are accounted for as soon as the church is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable.
## **Fixed assets**
Additions and improvements to the newly acquired church premises are written off as incurred. Only items costing £1,000 or above are capitalised. Fixed assets are depreciated on a straight line basis as follows:
Improvements to the buildings: 10 years Fixtures and fittings including electricals: 5 years Plant & machinery including sound and audio: 5 years Computer equipment: 3 years
## **Current assets**
Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.
Page 13
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2021**
|INCOME FROM:
**2 Voluntary Giving**
Planned giving
Grants from the Diocese and SDF
Other grants
Other donations
Cash collections
Gift aid tax
**3 Charitable activities**
Service fees
Students including weekend
Events,courses and parties
Alpha weekend income
Venue hire
Other income|**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**2020**
**2020**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
238,641
0
238,641
204,707
0
204,707
0
0
0
0
0
0
60,000
67,842
127,842
0
84,555
84,555
65,838
0
65,838
20,505
200
20,705
0
0
0
2,035
0
2,035
70,260
651
70,911
52,741
0
52,741|
|---|---|
||434,740
68,493
503,233
279,988
84,755
364,743|
||1,685
1,685
1,824
1,824
689
689
3,968
3,968
9,550
9,550
217
217
855
5,425
6,280
6,016
6,016
0
0
400
400
9
9
68
68|
||12,788
5,425
18,213
12,493
0
12,493|
## **3a ALLOCATION OF EXPENDITURE FOR 2020**
||Direct||Central||
|---|---|---|---|---|
||costs|Staff costs|admin costs|Total costs|
||2020|2020|2020|2020|
||£|£|£|£|
|Mission & outreach|77,111|30,880|21,116|129,107|
|Site development|40,665|0|0|40,665|
|Community|7,882|59,973|41,011|108,865|
|Worship & services|13,035|39,496|27,008|79,540|
||138,694|130,348|89,135|358,177|
|Allocation of staff costs including training,expenses, etc|130,348|(130,348)||0|
|Allocation of central admin costs|89,135||(89,135)|0|
|Totals|358,176|0|0|358,177|
## **3b ALLOCATION OF EXPENDITURE FOR 2021**
||Direct||Central||
|---|---|---|---|---|
||costs|Staff costs|admin costs|Total costs|
||2021|2021|2021|2021|
||£|£|£|£|
|Mission & outreach|68,277|54,318|48,478|171,072|
|Site development|34,978|0|0|34,978|
|Community|18,474|67,899|60,599|146,971|
|Worship & services|22,231|49,296|43,996|115,522|
||143,959|171,513|153,074|468,543|
|Allocation of staff costs including training,expenses, etc|171,513|(171,513)||0|
|Allocation of central admin costs|153,074||(153,074)|0|
|Totals|468,544|0|0|468,543|
Page 14
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2021**
|**4 CHARITABLE ACTIVITIES- EXPENDITURE ANALYSIS**
**Mission & Outreach**
Alpha course
Invitational events
Mission giving
Social Action including Love Your Neighbour
**Site development**
Main site
Baldwin
**Community**
Community groups, events and family
Kids
Leadership development
Students
Toddlers
Youth
**Worship & Services**
Services
Special services
Worship & Production
**Total Direct costs**
**Analysis of overheads allocated**
Baldwin rent and running costs
St Nicholas maintenance and running costs
Governance
Media and communications
Office and admin
Parish Share|**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**2020**
**2020**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
4,558
18,697
23,255
15,003
200
15,203
0
6,300
6,300
0
0
0
823
450
1,273
1,000
0
1,000
686
36,764
37,449
2,212
58,696
60,908|
|---|---|
||6,066
62,211
68,277
18,215
58,896
77,111|
||22,901
1,117
24,018
40,665
0
40,665
10,960
0
10,960
0
0
0|
||33,861
1,117
34,978
40,665
0
40,665|
||6,493
667
7,160
889
0
889
1,630
179
1,809
1,080
0
1,080
762
0
762
164
0
164
1,656
652
2,308
4,802
0
4,802
557
0
557
40
0
40
1,498
4,380
5,878
906
0
906|
||12,597
5,877
18,474
7,882
0
7,882|
||3,574
0
3,574
2,422
0
2,422
2,248
24
2,272
1,055
0
1,055
13,656
2,729
16,385
9,559
0
9,559|
||19,478
2,753
22,231
13,035
0
13,035|
|||
||72,002
71,957
143,959
79,797
58,896
138,694|
||17,402
0
17,402
0
0
0
36,477
2,696
39,174
33,279
4,137
37,416
1,733
0
1,733
1,513
0
1,513
8,082
180
8,262
15,198
0
15,198
14,503
0
14,503
11,008
0
11,008
72,000
0
72,000
24,000
0
24,000|
||150,197
2,876
153,074
84,998
4,137
89,135|
A fee of £750 was accrued in the period for the independent examination and £750 for the preparation of the accounts.
## **5 SALARIES**
Analysis of payroll:
|Gross pay
Employers NI (net of employment allowance)
Employers Pension|2021
£
154,639
8,557
4,438
167,634|2020
£
118,644
5,898
3,437|
|---|---|---|
|||127,979|
Page 15
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2021**
In the 12 months ending 31st December 2021 there was an average of 7.3 (2020 5.3) people on staff representing an FTE of 5.9 (2020 3.8).
The key management role was filled by the Revd Toby Flint who received his salary from the diocese and received no emoluments or benefits in kind from the Bristol CCRC Trust. Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000
There are also a large team of unpaid volunteers numbering in the region of 200 who contributed immensely to the work of the church in 2021
|**6 **
**7 **
**8 **
**9A**|**TANGIBLE FIXED ASSETS**
Assets at cost
Opening balance 1/1/21
Purchases
Closing balance 31/12/21
Depreciation
Opening balance 1/1/21
Charge for the period
Closing balance on accumulated depreciation 31/12/21
Closing balance on fixed assets 31/12/20
Closing balance on fixed assets 31/12/21
**DEBTORS**
Gift aid accrued
Other 2021 income banked in 2022
SDF/Diocesan grant for salaries- grant awarded not received
Accounts receivable
Prepayments
**CREDITORS**
**Amounts falling due within one year**
Accounts payable
Accruals and deferred income
**STATEMENT OF MOVEMENTS IN FUNDS 2021**
**Unrestricted Funds**
**Restricted funds**
**Fixed assets paid for by restricted funds**
SDF grant towards set-up costs- fixed assets
Archdeanery gift for chairs- fixed asset
All Churches Trust grant for Youth work-fixed assets|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
1,949
23,289
28,362
53,600
1,390
0
2,028
3,418|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
1,949
23,289
28,362
53,600
1,390
0
2,028
3,418|
|---|---|---|---|
|||3,339
23,289
30,390
57,018
271
6,179
9,570
16,020
1,113
4,658
5,808
11,578||
|||1,384
10,837
15,378
27,598||
|||1,678
17,110
18,792
37,580||
|||||
|||1,955
12,452
15,012
29,420||
|||2021
2020
£
£
7,173
26,971
1,257
8,824
62,888
103,882
709
35,078
14,920
3,054
86,947
177,809
2021
2020
£
£
16,141
106
24,047
5,017
40,188
5,123
Opening
Incoming
Resources
closing
Balance
resources
expended
balance
2021
2021
2021
2021
£
£
£
£
325,136
447,528
(337,572)
435,093|2020
£
26,971
8,824
103,882
35,078
3,054|
||||177,809|
||||2020
£
106
5,017|
||||5,123|
|||5,700
0
(2,053)
3,647
6,000
0
(2,000)
4,000
2,436
0
(504)
1,932||
|||14,136
0
(4,557)
9,579||
Page 16
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2021**
|**Funds**
SDF grant towards salaries
Cinnamon Network- early intervention grant
Focus 2020 grant
Social Action Fund (previously Covid 19 fund)
Love Christmas- CRT
Bristol City Council- LYN+
Love your neighbour- DCMS grant and matched funding from congregation
Alpha at St Nicholas
Christmas Service appeal for Home for Good, SPARK and Bristol Winter Night Shelter
Youth Grant- All Churches Trust
Alpha Invitation
**Total restricted funds**
**Total Funds**
**STATEMENT OF MOVEMENTS IN FUNDS 2020**
**Unrestricted Funds**
**Restricted funds**
**Fixed assets paid for by restricted funds**
SDF grant towards set-up costs- fixed assets
Archdeanery gift for chairs- fixed asset
All Churches Trust grant for Youth work-fixed assets
**Funds**
SDF grant towards salaries
Cinnamon Network- early intervention grant
Focus 2020 grant
Covid 19 fund
Love your neighbour- CRT
Love Christmas- CRT
Love your neighbour- DCMS grant and matched funding from congregation
Love your neighbour- food parcels- Quartet
Youth Grant- All Churches Trust
Alpha weekend collections
**Total restricted funds**
**Total Funds**|104,316
0
(40,994)
63,322
227
0
(227)
0
500
0
(500)
0
4,252
3,345
(1,324)
6,273
450
6,863
(7,313)
0
0
5,000
(5,000)
0
8,345
30,156
(38,501)
0
0
21,115
(21,115)
0
0
2,404
0
2,404
9,980
0
(6,405)
3,575
0
5,037
(5,037)
0|
|---|---|
||128,070
73,918
(126,414)
75,573|
||142,206
73,918
(130,971)
85,152|
||467,342
521,447
(468,542)
520,245|
||Opening
Incoming
Resources
Closing
Balance
resources
expended
balance
2020
2020
2020
2020
£
£
£
£
200,806
292,481
(168,151)
325,136|
||7,753
0
(2,053)
5,700
8,000
0
(2,000)
6,000
0
2,520
(84)
2,436|
||15,753
2,520
(4,137)
14,136
230,049
0
(125,733)
104,316
1,175
0
(948)
227
500
0
0
500
0
15,507
(11,255)
4,252
0
10,500
(10,500)
0
0
29,300
(28,850)
450
0
12,728
(4,383)
8,345
0
4,020
(4,020)
0
0
9,980
0
9,980
0
200
(200)
0|
||231,724
82,235
(185,889)
128,070|
||247,477
84,755
(190,026)
142,206|
||448,283
377,236
(358,177)
467,342|
## **9B STATEMENT OF MOVEMENTS IN FUNDS 2020**
## **Notes on restricted funds**
Social Action Fund - made up of individual gifts given towards the church's response to social needs in the city. (Previously referred to as COVID 19 Fund))
CRT grants - given by the Church Revitalisation Trust towards the activity of St Nicholas and other churches in the area under Love Your Neighbour including Love Christmas.
DCMS grant - awarded as part of a wider grant to Love Your Neighbour through CRT to support three areas of activity: food provision, employment training and debt advice. The total includes matched funding from the congregation.
Quartet grant - awarded by the Quartet Community foundation towards our sheltered home food parcels
All Churches Trust Youth Grant - for establishing our youth group including any purchases for and repairs to the building.
Page 17
## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2021**
## **SDF grant for salaries**
In 2018 the SDF awarded grants of £372,622 towards the salaries costs of the Staff at St Nicholas, Bristol. At the beginning of 2021 there was £104,316 remaining of this fund. During 2021 £40,923 of this fund has been received against salaries leaving a balance of £63,393.
In these accounts the full grant of £372,622 was accounted for in 2018. it was agreed that the Trustees had been notified of their legal entitlement, the amount was quantifiable and the receipt was probable and that this had been the case from when the church plant had commenced in 2018.
## **10 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||
|---|---|
|Fixed assets
Current assets
Creditors due within one year
NET ASSETS|Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
2021
2021
2021
2020
2020
2020
£
£
£
£
£
£
19,842
9,578
29,420
23,445
14,136
37,580
455,440
75,574
531,013
306,814
128,071
434,885
(40,188)
0
(40,188)
(5,123)
0
(5,123)|
||435,093
85,152
520,245
325,136
142,206
467,342|
## **11 RELATED PARTIES**
No parties related to the board of the Bristol CCRC Trust received any renumeration or benefits in kind in the period reported in these financial statements.
None of the trustees were reimbursed for expenses relating to services provided to the charity as trustees. Some expenses were refunded to the Revd Toby Flint and the wife of Andy Spens for purchases incurred on behalf of the church.
In the period ended 31st December 2021 £21,983 (2020 £12,990) was given by the trustees to the church.
## **12 COMMITMENTS**
During the year the church entered into a lease agreement for the rental of 54 Baldwin Street with a start date of 24th June 2021. The rent was agreed at £26500 per annum with a reduction of £20% for the first 6 months. The first break date is after 3 years (24th June 2024).
Page 18