## **BRISTOL CCRC TRUST** Annual report and accounts for the year ended 31 December 2022 Company registration no. 11115823 Charity no. 1178905 1 ## **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:|Miss Precious Anekwe| ||Mr Jonathan Bradshaw (Treasurer)| ||Mr Christopher Egitto| ||Revd Toby Flint (Chair)| ||Mrs Jennifer Gordon| ||Mr Cameron Laleye| ||Mrs Alex Parry| ||Miss Lucy Peers (resigned 1 July 2022)| ||Mr Tom Skidmore| ||Mr Andrew Spens| ||Mr Zak Verry| |Company Secretary:|Mrs Amy Walker| |Registered office:|St Nicholas Church| ||St Nicholas Street| ||Bristol| ||BS1 1UE| |Examiner:|Derek Rodwell| ||Impact the Future Ltd| ||Bennet Verby| ||7 St Petersgate| ||Stockport| ||Cheshire| ||SK1 1EB| |Principal bank:|CAF Bank| ||25 Kings Hill Avenue| ||Kings Hill| ||West Malling| ||ME19 4JQ| **Page 2** 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 2022** The Board of Trustees present their report and accounts for Bristol CCRC Trust for the period ending 31 December 2022. ## **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 St Nicholas Bristol and Concord Church (from Sept 2022). The leadership of the church's activities, development of its spiritual life and its daily management has been delegated to the Core Leadership Team of each church 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. ## **OBJECTIVES AND ACTIVITIES** **Page 3** Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905 The Board of Trustees is committed to the vision statement of the charity 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, St Nicholas Bristol and Concord Church aim to meet their objectives through the provision of public services of worship, religious teaching, evangelistic events and courses, social action, instruction and support for family life and resourcing and planting churches. Given the diversity of the churches’ 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 churches’ 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** During the period under review, Bristol CCRC Trust continued to invest in its three priority areas - discipleship, leadership and church planting. Alongside this the regular activity of the church continued. A significant focus of the year was the launch of the first church plant which started in September 2022. Led by Andy and Katy Carter, Concord Church planted in North Bristol with a mission to reach the thousands of people moving into the new housing developments being built on the old Bristol airfield. The church meets in the Concorde Hangar at the Aerospace Museum with the name inspired by the innovative and pioneering nature of the aircraft along with the word 'Concord' which means unity and harmony. The church currently sits under the one BMO and charity but is exploring becoming its own entity in 2023. At St Nicholas the Sunday gatherings have begun to grow post COVID with many of those attending connecting and reconnecting with the vision of the church through serving, giving and praying. Around 60% of our Sunday congregation are under 30 with kids, youth and students groups increasing in number. Within Social Action ministries there was further investment in the food hub and other activities with an aim of continuing to address the needs of the city. Our weekly toddler group, which creates a space for young children and parents/guardians to find community and play has continued to thrive. By the end of 2022 almost 50% of this group were from outside of the church. Following a review of our midweek groups, the church established two Hubs. These midsized gatherings started in September and are run biweekly with an aim to integrate new and existing congregations into the life of the church, go deeper into the Sunday teaching and provide a training platform for leaders. ## **FUTURE PLANS** **Page 4** Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905 As it will have been five years since planting in September 2023 the Trustees are reviewing a new strategy for St Nicholas which will come into place towards the end of the year following approval by the board. Concord is exploring the option of becoming its own BMO and charity in 2023. Until then the churches will continue to focus on their priority areas of 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 begin to make future plans, in partnership with the Diocese, for the next plant in Bristol. ## **FINANCIAL REVIEW** In the period to the end of December 2022, St Nicholas raised a total of £457k (2021 £521k) against expenditure of £575k (2021 £468k). The deficit on unrestricted funds in 2022 totalled £96k (2021 £110k surplus) with a balance of £332k of funds carried forward into 2023. Restricted funds received totalled £89k (£74k) with a balance of £71k (2021 £85k) on unrestricted funds carried forward into 2023. ## **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 £120-£240k. 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 would also be necessary to consider how the funding would be replaced or activities changed. The church currently has free reserves going forward into 2023 of £312k. The trustees keep reserves under constant review. ## **SAFEGUARDING** The Board of Trustees have adopted the Diocese of Bristol’s safeguarding policy relating to children, young people and vulnerable people. In November 2022 the safeguarding officer, Mr Zak Verry was replaced by Mrs Alex Parry. All Safeguarding Officers have 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; **Page 5** Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905 - 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: 25 April 2023 **Page 6** 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 2022, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 8 to 17. ## **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: 12[th] May 2023 Derek Rodwell FCCA, Impact The Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire SK1 1EB Page 7 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31ST DECEMBER 2022** |**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**
**TRANSFERS**
**NET MOVEMENT IN FUNDS**
**TOTAL BROUGHT FORWARD**
**TOTAL FUNDS AT 31 DECEMBER**|**Unrestricted Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
**£**
**354,656**
**89,139**
**443,795**
**434,740**
**68,493**
**503,233**
**13,766**
**25**
**13,791**
**12,788**
**5,425**
**18,213**| |---|---| ||**368,422**
**89,164**
**457,586**
**447,528**
**73,918**
**521,446**| ||**96,685**
**41,368**
**138,053**
**90,157**
80,915
171,072
**10,003**
**1,628**
**11,631**
**33,861**
1,117
34,978
**244,928**
**43,501**
**288,430**
**117,713**
29,258
146,971
**113,108**
**24,007**
**137,115**
**95,794**
19,728
115,522| ||**464,725**
**110,504**
**575,229**
**337,525**
**131,018**
**468,543**| ||**(96,303)**
**(21,340)**
**(117,643)**
**110,003**
**(57,100)**
**52,903**
**(7,161)**
**7,161**
**0**
**0**
**0**
**0**| ||**(103,464)**
**(14,179)**
**(117,643)**
**110,003**
**(57,100)**
**52,903**| ||**435,139**
**85,106**
**520,245**
**325,136**
**142,206**
**467,342**| ||**331,675**
**70,927**
**402,602**
**435,139**
**85,106**
**520,245**| Page 8 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **BALANCE SHEET AS AT 31 DECEMBER 2022** |||**31ST DECEMBER 2022**|**31ST DECEMBER 2022**|**31ST DECEMBER 2021**|**31ST DECEMBER 2021**| |---|---|---|---|---|---| ||**Note**|**£**|**£**|**£**|**£**| |**FIXED ASSETS**|||||| |Tangible assets|6|29,215|29,215|29,420|29,420| |**CURRENT ASSETS**|||||| |Sundry Debtors|7|53,069||86,947|| |Cash at bank||332,872|385,942|444,066|531,013| |**CREDITORS: amounts falling due within 12**||**months**|||| ||8|(12,555)|(12,555)|(40,188)|(40,188)| ||||||| |**NET CURRENT ASSETS**|||373,387||490,825| |**NET ASSETS**|||402,602||520,245| |**STATEMENT OF FUNDS**|9,10||||| |Restricted funds|||70,927||85,106| |Unrestricted funds|||331,675||435,139| |**TOTAL FUNDS**|||402,602||520,246| The notes on pages 10 to 17 form part of these financial statements. _For the period ended 31 December 2022, 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 > Name Toby Flint > Dated 25 April 2023 Company registration number: 11115823 Page 9 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) Cash flow statement** ## **For the year to 31st December 2022** |**2022**
£
**Net income for the reporting period (as per statement of financial activities)**
**Adjustments for:**
Depreciation charges
13,413
Write off of assets
0
Decrease in value of debtors
33,878
Increase in value of creditors
(27,633)
Net cash from operating activities
**Cash flows from investing activities**
Purchase of fixed assets
**Increase in cash in year**
**Reconciliation of net debt**
Cash and cash equivilents-
Current accounts
Deposit accounts
Borrowings
Debt due within one year
Total|**2022**
£
**Net income for the reporting period (as per statement of financial activities)**
**Adjustments for:**
Depreciation charges
13,413
Write off of assets
0
Decrease in value of debtors
33,878
Increase in value of creditors
(27,633)
Net cash from operating activities
**Cash flows from investing activities**
Purchase of fixed assets
**Increase in cash in year**
**Reconciliation of net debt**
Cash and cash equivilents-
Current accounts
Deposit accounts
Borrowings
Debt due within one year
Total|**2022**
**2021**
**2021**
£
£
£
(117,643)
52,903
11,578
0
90,861
35,065
19,658
137,505
(13,209)
(3,418)
(111,195)
186,990
opening
cash flow
closing
01/01/2022
2022
31/12/2022
358,904
(111,519)
247,385
85,162
326
85,488|**2021**
£
11,578
0
90,861
35,065|**2021**
£
52,903
137,505
(3,418)| |---|---|---|---|---| |||||| |||||186,990| |||444,066
(111,195)
332,873
0
0
0||| |||**444,066**
**(111,195)**
**332,873**||| Page 10 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL) Notes to the accounts** **For the period ended 31st December 2022** ## **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 2023 and levels of free reserves at the start of 2022 were around £250k ## **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. 11 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** |INCOME FROM:
**2 Voluntary Giving**
Planned giving
Grants
Other donations
Gift aid tax
**3 Charitable activities**
Service fees
Students
Events,courses and parties
Alpha weekend income
Venue hire
Interest|**Unrestricted Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
**£**
239,851
4,363
244,215
238,641
0
238,641
0
13,720
13,720
60,000
67,842
127,842
49,578
60,700
110,278
65,838
0
65,838
65,226
10,355
75,582
70,260
651
70,911| |---|---| ||354,656
89,139
443,795
434,740
68,493
503,233| ||3,426
3,426
1,685
1,685
5,391
5,391
689
689
2,380
2,380
9,550
9,550
1,285
0
1,285
855
5,425
6,280
717
717
0
0
568
25
592
9
9| ||13,766
25
13,791
12,788
5,425
18,213| ## **4a ALLOCATION OF EXPENDITURE FOR 2022** |Mission & outreach
Site development
Community
Worship & services
Allocation of staff costs including training,expenses, etc
Allocation of central admin costs
Totals|Direct
costs
Staff costs
Central
admin
costs
Total costs
2022
2022
2022
2022
£
£
£
£
54,815
37,674
45,565
138,053
920
4,848
5,863
11,631
36,693
113,937
137,801
288,430
25,968
50,305
60,842
137,115| |---|---| ||118,395
206,763
250,071
575,229
206,763
(206,763)
0
250,071
(250,071)
0| ||575,228
0
0
575,229| ## **4b ALLOCATION OF EXPENDITURE FOR 2021** |**ALLOCATION OF EXPENDITURE FOR 2021**|| |---|---| |Mission & outreach
Site development
Community
Worship & services
Allocation of staff costs including training,expenses, etc
Allocation of central admin costs
Totals|Direct
costs
Staff costs
Central
admin
costs
Total costs
2021
2021
2021
2021
£
£
£
£
68,277
54,318
48,478
171,072
34,978
0
0
34,978
18,474
67,899
60,599
146,971
22,231
49,296
43,996
115,522| ||143,959
171,513
153,074
468,543
171,513
(171,513)
0
153,074
(153,074)
0| ||468,544
0
0
468,543| Page 12 **4c CHARITABLE ACTIVITIES- EXPENDITURE ANALYSIS** ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** |**CHARITABLE ACTIVITIES- EXPENDITURE ANALYSIS**
**Mission & Outreach**
Alpha course
Invitational events
Mission giving
Social Action including Love Your Neighbour/Food hub
**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 and support costs allocated**
Baldwin rent and running costs
St Nicholas maintenance and running costs
Concord Rent
Governance
Media and communications
Office and admin
Parish Share|**Unrestricted Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
**£**
**£**
8,909
502
9,411
4,558
18,697
23,255
1,000
0
1,000
0
6,300
6,300
1,006
3,816
4,822
823
450
1,273
15,182
24,400
39,582
686
36,764
37,449| |---|---| ||26,098
28,717
54,815
6,066
62,211
68,277| ||0
0
0
22,901
1,117
24,018
920
0
920
10,960
0
10,960| ||920
0
920
33,861
1,117
34,978| ||16,281
1,192
17,473
6,493
667
7,160
1,948
468
2,416
1,630
179
1,809
169
0
169
762
0
762
9,749
8
9,757
1,656
652
2,308
103
0
103
557
0
557
3,200
3,575
6,775
1,498
4,380
5,878| ||31,450
5,243
36,693
12,597
5,877
18,474| ||5,304
701
6,005
3,574
0
3,574
3,572
125
3,697
2,248
24
2,272
9,976
6,290
16,266
13,656
2,729
16,385| ||18,852
7,116
25,968
19,478
2,753
22,231| ||| ||77,320
41,075
118,395
72,002
71,957
143,959| ||36,940
0
36,940
17,402
0
17,402
45,931
2,504
48,435
36,477
2,696
39,174
0
5,925
5,925
1,732
0
1,732
1,733
0
1,733
13,437
5,601
19,038
8,082
180
8,262
17,746
255
18,001
14,503
0
14,503
120,000
0
120,000
72,000
0
72,000| ||235,786
14,285
250,071
150,197
2,876
153,074| A fee of £750 was accrued in the period for the independent examination and £750 for the preparation of the accounts. ## **Analysis of mission giving** |Home For Good|0|800|800|500|0|500| |---|---|---|---|---|---|---| |St Lukes Barton Hill (Love Christmas)|0|0|0|0|450|450| |Bristol Winter Night Shelter|0|800|800|0|0|0| |Gifts to individuals|1,000|0|1,000|323|0|323| |Ukraine Appeal|0|916|916|0|0|0| |Other gifts|6|209|215|0|0|0| |Justice United|0|1,091|1,091|0|0|0| Page 13 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** |**SALARIES**
Analysis of payroll:
Gross pay
Employers NI (net of employment allowance)
Employers Pension|1,006
3,816
4,822|
823
450|
1,273| |---|---|---|---| |||2022
£
182,459
8,864
4,997
196,320|2021
£
154,639
8,557
4,438| ||||167,634| ## **5 SALARIES** In the 12 months ending 31st December 2021 there was an average of 11.5 (2021 7.3) people on staff representing an FTE of 7.3 (2021 5.9). 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 2022 |**6 **
**7 **
**8 **|**TANGIBLE FIXED ASSETS**
Assets at cost
Opening balance 1/1/22
Purchases
Closing balance 31/12/22
Depreciation
Opening balance 1/1/22
Charge for the period
Closing balance on accumulated depreciation 31/12/22
Closing balance on fixed assets 31/12/21
Closing balance on fixed assets 31/12/22
**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|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
3,339
23,289
30,390
57,018
2,291
10,918
0
13,209|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
3,339
23,289
30,390
57,018
2,291
10,918
0
13,209|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
3,339
23,289
30,390
57,018
2,291
10,918
0
13,209| |---|---|---|---|---| |||5,630
34,207
30,390
70,227
1,384
10,837
15,378
27,599
1,472
5,863
6,078
13,413||| |||2,856
16,700
21,456
41,012||| |||1,955
12,452
15,012
29,419||| |||||| |||2,774
17,507
8,934
29,215||| ||||2022
£
19,132
153
21,844
0
11,941
53,069
2022
£
2,591
9,963
12,555|2021
£
7,173
1,257
62,888
709
14,920| |||||86,947| |||||2021
£
16,141
24,047| |||||40,188| Page 14 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** ## **9A STATEMENT OF MOVEMENTS IN FUNDS 2022** |**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
Concord restricted fund for church plant
See note 13
All Churches Trust grant for Youth work-fixed assets
**Funds**
SDF grant towards salaries
BCCF Food Hub
URC Trust (Youth/café/after school club)
Social Action
CRT Grant for Assembly catering
Love Christmas- CRT and St Nicks
Ukraine Appeal
Church Plant Fund (Concord)
See note 13
Christmas Service appeals
Youth Grant- All Churches Trust
**Total restricted funds**
**Total Funds**|Opening
Incoming
Resources
Transfers
closing
Balance
resources
expended
balance
2022
2022
2022
2022
2022
£
£
£
£
£
435,140
368,422
(464,725)
(7,161)
331,676| |---|---| ||3,647
0
(2,053)
0
1,593
4,000
0
(2,000)
0
2,000
0
4,587
(256)
0
4,332
1,932
0
(504)
0
1,428| ||9,579
4,587
(4,813)
0
9,353
63,322
0
(40,994)
(484)
21,844
0
3,600
0
0
3,600
0
50
0
0
50
6,226
14,813
(21,039)
0
(0)
0
239
(239)
0
0
0
2,456
(2,558)
0
(103)
0
911
(910)
0
0
0
60,462
(32,880)
7,645
35,226
2,404
2,046
(3,495)
0
954
3,575
0
(3,575)
0
(0)| ||75,527
84,576
(105,691)
7,161
61,572| ||85,105
89,163
(110,504)
7,161
70,926| ||520,245
457,586
(575,229)
0
402,602| ## **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 Love Christmas - Donations from the congregation and grant from CRT and Love Your Neighbour towards Love Christmas boxes" Church Plant Fund (Concord)- this shows all the funds received and spent on behalf of the Concord plant during 2022 Bristol City Churches Fund (BCCF)- grant given towards providing food support through St Nick's Food Hub. ## **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 2022 there was £63,322 remaining of this fund. During 2022 £40,994 of this fund has been received against salaries leaving a balance of £22,328. The balance agreed with SDF however was £21,844 which was received in 2023. The difference of £484 has been adjusted against unrestricted funds. 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. ## **9B STATEMENT OF MOVEMENTS IN FUNDS 2021** Opening Incoming Resources closing Balance resources expended balance 2021 2021 2021 2021 £ £ £ £ Page 15 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** |**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
Social Action
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**|325,136
447,528
(337,572)
435,093| |---|---| ||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
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| ## **10 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
2022
2022
2022
2021
2021
2021
£
£
£
£
£
£
19,863
9,353
29,215
19,842
9,578
29,420
324,370
61,572
385,942
455,487
75,527
531,013
(12,555)
0
(12,555)
(40,188)
0
(40,188)| |---|---| ||331,677
70,926
402,602
435,140
85,105
520,245| ## **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 2022 £37,233 (2021 £21,983) was given by the trustees to the church. ## **12 COMMITMENTS** 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 £26,500 per annum with a reduction of £20% for the first 6 months. The first break date is after 3 years (24th June 2024). ## **13 CONCORD CHURCH PLANT** In September 2022 Concord Church plant was launched and all the costs and income have been included in these figures as restricted funds (see note 9b). A summary of the income and expenditure is shown below. ## **Income** |**Income**|| |---|---| |Grants and Donations|44,106| |Regular Giving|4,363| |One-off giving|7,920| |Gift aid|8,636| |Interest|25| Page 16 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS, BRISTOL)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2022** |Balance from St Nicholas to make up to £50k
**Expenditure**
Worship & production
Marketing and media
Admin
Rent
Staffing
Services
Kids/students
Alpha
Brabazon
Mission giving
Balance carried forward
Fixed assets
Bank Balance|7,645| |---|---| ||72,695
4,341
5,601
387
5,925
14,150
721
476
502
820
214| ||33,136| ||39,559| ||4,332
35,227| ||39,559| Page 17