## **BRISTOL CCRC TRUST** **(St Nicholas Bristol and Concord Church)** Annual report and accounts for the year ended 31 December 2023 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 (resigned 24 April 2023)| ||Mr Jonathan Bradshaw (Resigned as trustee and treasurer 6 November)| ||Mr Christopher Egitto| ||Revd Toby Flint| ||Mrs Jennifer Gordon (appointed treasurer 6 November)| ||Mr Cameron Laleye| ||Mrs Alex Parry| ||Mr Tom Skidmore| ||Mr Andrew Spens (Chair)| ||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| ||C/o Bennett 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 2023** The Board of Trustees present their report and accounts for Bristol CCRC Trust for the period ending 31 December 2023. ## **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 (launched in September 2018) and Concord Church (launched in September 2022). The leadership of the churchs’ activities, development of its spiritual life and its daily management has been delegated to a 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 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** ## **St Nicholas Bristol** In 2023 St Nicholas celebrated five years since its launch. Over that time we have seen the church grow from a few people meeting to pray in the Senior Leaders front room to an average Sunday attendance of 350, of this over 60% under 30 with our kids, youth and student community all growing in number. We have continued to put mission and evangelism at the forefront of all that we do. At our baptism services this past year we baptised 14 people including 4 infants and 11 adults, many of whom had come to St Nicholas through Alpha. At Christmas we welcomed over 1,400 into the church for one of our carol services. Through our social action response we have distributed tons of food through our Food Hub, sent out 1,350 bags of kindness through Love Christmas and Love Easter to those most in need across the city, and continue to mentor and support kids at risk of exclusion through SPARK. Our weekly toddler group, which creates space for toddlers and their parents/guardians to find community and play, has continued to thrive with more than half of those attending having no connection to the church. _Hubs_ , our midsized gatherings which run biweekly alongside _Homes,_ has helped to integrate new and existing congregations into the life of the church, go deeper into the biblical teaching and provide a training platform for leaders. ## **Concord Church** Concord Church was planted out of St Nicholas into North Bristol by Andy and Katy Carter in September 2022. The church meets in the Concorde Hangar at the Aerospace Museum with a mission to support the existing community around it and to reach the thousands of people moving into the new housing developments being built on the old Bristol airfield. In the past year they have seen **Page 4** Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905 growth in the attendance on Sundays, run Alpha, held their first baptism service as well as investing in the needs of the local community through Love Christmas, stay and play toddler group, providing English lessons and hosting _Carols under the Concorde_ . ## **FUTURE PLANS** The Trustees reviewed a new strategy for St Nicholas which came into place at the end of the year following approval by the board. Within this strategy the church will continue to focus on prioritising the social action response to the needs of the city; developing Christian maturity and increasing levels of commitment in the congregation through greater investment in our discipleship programme and teaching; planting churches as we seek to grow the kingdom; investment in equipping and empowering the younger generations; and, further development and reorganisation of the church building. Underpinning all of this is a desire to dig deeper in cultivating a culture of prayer. Concord Church currently sits under the one BMO and charity but will become its own entity in 2024. Alongside establishing a new BMO with the Bristol Diocese, the church will also set up its own charity this year. The two churches will continue to work in collaboration with one another wherever they can going forward. ## **FINANCIAL REVIEW** In the period to the end of December 2023, the charity raised a total of £650k (£458k in 2022) against expenditure of £662k (£558k in 2022). Unrestricted funds received totalled £478k (£368k in 2022) leaving a deficit of £13k (£96k in 2022) with a balance of £318k of funds carried forward into 2023. Restricted funds received totalled £172k (£89k in 2022) with a balance of £72k on restricted funds carried forward into 2023. St Nicholas Voluntary giving of £322k Grants £108k Gift Aid recovered of £66k Other Income of £28k Concord Voluntary giving of £ 39k Grants £79k Gift Aid recovered of £8k Other Income of £0k ## **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 £120k-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 adequate free reserves going forward into 2024 of £308k. The trustees keep reserves under constant review. **Page 5** Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905 ## **SAFEGUARDING** The Board of Trustees have adopted the Diocese of Bristol’s safeguarding policy relating to children, young people and vulnerable people. The safeguarding officer is Mrs Alex Parry. The Safeguarding Officer and all those supporting her in this role 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; - 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, Andy Spens Chair of Trustees Date: **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 and Concord Church) ('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 2023, 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: 1[st] July 2024 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 AND CONCORD CHURCH) STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31ST DECEMBER 2023** |**Note**
**INCOME FROM:**
**Voluntary income**
2
**Income from charitable activities**
Courses, events, occasional services etc
3
**TOTAL INCOME**
**EXPENDITURE ON:**
**Charitable activities**
Mission & Social Action
Site development
Community & Family
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**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
**450,174**
**171,523**
**621,698**
354,656
89,139
443,795
**27,791**
**341**
**28,132**
13,766
25
13,791| |---|---| ||**477,966**
**171,864**
**649,830**
368,422
89,164
457,586| ||**125,352**
**99,006**
**224,358**
96,685
41,368
138,053
**20,189**
**687**
**20,876**
10,003
1,628
11,631
**218,035**
**41,773**
**259,809**
244,928
43,501
288,430
**127,592**
**29,278**
**156,870**
113,108
24,007
137,115| ||**491,168**
**170,744**
**661,912**
464,725
110,504
575,229| ||**(13,202)**
**1,120**
**(12,082)**
(96,303)
(21,340) (117,643)
**0**
**0**
**0**
(7,161)
7,161
0| ||**(13,202)**
**1,120**
**(12,082)**
(103,464)
(14,179) (117,643)| ||**331,675**
**70,927**
**402,602**
435,139
85,106
520,245| ||**318,473**
**72,047**
**390,520**
331,675
70,927
402,602| Page 8 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL AND CONCORD CHURCH)** ## **BALANCE SHEET AS AT 31 DECEMBER 2023** |**Note**
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Sundry Debtors
7
Cash at bank
**CREDITORS: amounts falling due within 12 months**
8
**NET CURRENT ASSETS**
**NET ASSETS**
**STATEMENT OF FUNDS**
9,10
Restricted funds
Unrestricted funds
**TOTAL FUNDS**|**£**
**£**
**£**
**£**
15,150
15,150
29,215
29,215
43,353
53,069
354,277
397,630
332,872
385,942
(22,260)
(22,260)
(12,555)
(12,555)
375,370
373,387
390,520
402,602
72,047
70,927
318,473
331,675
390,520
402,602
**31ST DECEMBER 2023**
**31ST DECEMBER 2022**|**£**
**£**
**£**
**£**
15,150
15,150
29,215
29,215
43,353
53,069
354,277
397,630
332,872
385,942
(22,260)
(22,260)
(12,555)
(12,555)
375,370
373,387
390,520
402,602
72,047
70,927
318,473
331,675
390,520
402,602
**31ST DECEMBER 2023**
**31ST DECEMBER 2022**| |---|---|---| |||| |||373,387| |||402,602| |||70,927
331,675| |||402,602| The notes on pages 10 to 17 form part of these financial statements. _For the period ended 31 December 2023, 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 Andrew C Spens Dated 17.06.24 Company registration number: 11115823 Page 9 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL AND CONCORD CHURCH) Cash flow statement For the year to 31st December 2023** |**Net income for the reporting period (as per statement of financial activities)**
**Adjustments for:**
Depreciation charges
Write off of assets
Decrease in value of debtors
Increase in value of creditors
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|**2023**
£
14,065
0
9,716
9,705|**2023**
£
(12,082)
33,487
0|**2022**
£
13,413
0
33,878
(27,633)|**2022**
£
(117,643)
19,658
(13,209)| |---|---|---|---|---| ||||

cash flow
2023
4,583
16,821|| |||21,405||(111,195)| |||opening
01/01/2023
247,385
85,488||closing
31/12/2023
251,968
102,309| |||332,873
0|21,403
0|354,278
0| |||**332,873**|**21,403**|**354,278**| Page 10 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL AND CONCORD CHURCH) Notes to the accounts** **For the period ended 31st December 2023** ## **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 2024 and levels of free reserves at the start of 2024 were around £300k ## **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 11 ## **BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL AND CONCORD CHURCH)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2023** |INCOME FROM:
**2 Voluntary Giving**
Planned giving
Grants
Other donations
Gift aid tax
**3 Charitable activities**
Service fees
Students, kids and youth
Events & courses
Alpha weekend income
Venue hire
Interest|**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
243,259
31,739
274,997
239,851
4,363
244,215
72,000
124,746
196,746
0
13,720
13,720
68,851
7,046
75,896
49,578
60,700
110,278
66,065
7,992
74,058
65,226
10,355
75,582| |---|---| ||450,174
171,523
621,698
354,656
89,139
443,795| ||2,112
2,112
3,426
3,426
6,316
6,316
5,391
5,391
5,648
189
5,837
2,380
2,380
1,193
0
1,193
1,285
0
1,285
10,270
10,270
717
717
2,253
152
2,405
568
25
592| ||27,791
341
28,132
13,766
25
13,791| ## **4a ALLOCATION OF EXPENDITURE FOR 2023** |Mission & Social Action
Site development
Community & Family
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
2023
2023
2023
2023
£
£
£
£
66,093
81,222
77,043
224,358
8,855
6,169
5,852
20,876
39,260
113,187
107,363
259,809
28,953
65,647
62,269
156,870| |---|---| ||143,160
266,227
252,526
661,913
266,227
(266,227)
0
252,526
(252,526)
0| ||661,912
0
0
661,913| Central admin costs have been allocated pro-rata to the staff costs ## **4b ALLOCATION OF EXPENDITURE FOR 2022** |**ALLOCATION OF EXPENDITURE FOR 2022**|| |---|---| |Mission & Social Action
Site development
Community & Family
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| Page 12 |**4c**
**CHARITABLE ACTIVITIES- EXPENDITURE ANALYSIS**
**Mission & Social Action**
Alpha course
Invitational events
Mission giving
Social Action
**Site development**
Main site (professional fees- Quinquennial)
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
**Staff costs**
Payroll costs
Clergy costs
Staff training, recruitment, expenses etc|**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
6,826
5,279
12,105
8,909
502
9,411
2,081
27
2,108
1,000
0
1,000
3,962
11,131
15,093
1,006
3,816
4,822
13,342
23,444
36,786
15,182
24,400
39,582| |---|---| ||26,211
39,882
66,093
26,098
28,717
54,815| ||6,304
0
6,304
0
0
0
2,551
0
2,551
920
0
920| ||8,855
0
8,855
920
0
920| ||19,873
2,140
22,012
16,281
1,192
17,473
2,943
715
3,658
1,948
468
2,416
4,351
0
4,351
169
0
169
8,308
41
8,349
9,749
8
9,757
78
54
131
103
0
103
708
50
758
3,200
3,575
6,775| ||36,260
2,999
39,260
31,450
5,243
36,693| ||3,990
2,363
6,354
5,304
701
6,005
2,837
2,744
5,580
3,572
125
3,697
11,855
5,164
17,019
9,976
6,290
16,266| ||18,682
10,271
28,953
18,852
7,116
25,968| ||| ||90,008
53,152
143,160
77,320
41,075
118,395| ||25,562
0
25,562
36,940
0
36,940
45,077
7,114
52,191
45,931
2,504
48,435
0
19,425
19,425
0
5,925
5,925
3,384
0
3,384
1,732
0
1,732
8,304
538
8,842
13,437
5,601
19,038
20,544
2,579
23,123
17,746
255
18,001
120,000
0
120,000
120,000
0
120,000| ||222,870
29,656
252,526
235,786
14,285
250,071| ||172,617
85,086
257,703
5,304
701
6,005
2,186
382
2,568
3,572
125
3,697
3487.55
2,469
5,956
9,976
6,290
16,266| ||178,290
87,936
266,227
18,852
7,116
25,968| A fee of £850 was accrued in the period for the independent examination and £850 for the preparation of the accounts. Page 13 |**Analysis of mission giving**
Home For Good
Mullers.Org- work with refugees
Bristol Winter Night Shelter
Gifts to individuals
Ukraine Appeal
Other gifts
Justice United
Direct Deliveries of food to Charities
Begin Well
Sixty-One|0
0
0
0
800
800
500
0
500
0
0
0
0
0
0
0
800
800
0
0
0
1,000
0
1,000
0
0
0
0
916
916
254
180
434
6
209
215
0
0
0
0
1,091
1,091
3,208
7,577
10,785
0
0
0
0
1,665
1,665
0
0
0
0
1,665
1,665
0
0
0| |---|---| ||3,962
11,087
15,049
1,006
3,816
4,822| ## **5 SALARIES** Analysis of payroll: |Gross pay
Employers NI (net of employment allowance)
Employers Pension|2023
£
238,091
12,538
7,073
257,703|2022
£
182,459
8,864
4,997| |---|---|---| |||196,320| In the 12 months ending 31st December 2023 there was an average of 13 (2022 11.5) people on staff representing an FTE of 8.9 (2022 7.3). 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 2023. |**6 **
**7 **|**TANGIBLE FIXED ASSETS**
Assets at cost
Opening balance 1/1/23
Purchases
Closing balance 31/12/23
Depreciation
Opening balance 1/1/23
Charge for the period
Closing balance on accumulated depreciation 31/12/23
Closing balance on fixed assets 31/12/22
Closing balance on fixed assets 31/12/23
**DEBTORS**
Gift aid accrued
Income banked late
SDF/Diocesan grant for salaries- grant awarded not received
Accounts receivable
Prepayments|Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
5,630
34,207
30,390
70,227
0
0
0
0| |---|---|---| |||5,630
34,207
30,390
70,227
2,856
16,700
21,456
41,012
1,606
6,381
6,078
14,065| |||4,462
23,081
27,534
55,077| |||2,774
17,507
8,934
29,215| |||| |||1,168
11,126
2,856
15,150| |||2023
2022
£
£
8,556
19,132
18,156
153
0
21,844
586
0
16,055
11,941| Page 14 |**8 CREDITORS**
**Amounts falling due within one year**
Accounts payable
Accruals and deferred income
**9A**
**STATEMENT OF MOVEMENTS IN FUNDS 2023**
**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)
Energy Grant from Diocese
Benefact grant for Bibles
Social Action Fund
CRT Grants (LYN)
Love Christmas- CRT and St Nicks
CRT Grant for Transform (Concord)
Justsow: Student Mission
Church Plant Fund (Concord)
See note 13
Christmas Service appeals
Charlton Hayes Council (Concord)
Redrow (Concord)
Rolls Royce- grant for Christmas events and carols(concord)
YTL (Concord)
**Total restricted funds**
**Total Funds**|43,353
53,069
2023
2022
£
£
326
2,591
21,934
9,963
22,260
12,555
Opening
Incoming
Resources
Transfers
closing
Balance
resources
expended
balance
2023
2023
2023
2023
2023
£
£
£
£
£
331,675
477,966
(491,168)
0
318,473|53,069| |---|---|---| |||2022
£
2,591
9,963| |||12,555| ||1,593
0
(1,593)
0
0
2,000
0
(2,000)
0
0
4,332
0
(918)
0
3,414
1,428
0
(504)
0
924|| ||9,353
0
(5,015)
0
4,338
21,844
0
(21,844)
0
0
3,600
0
(3,600)
0
0
50
0
(50)
0
0
0
3,691
(3,691)
0
0
0
750
(750)
0
0
0
5,826
(5,826)
0
0
0
25,000
(25,000)
0
0
(103)
7,010
(6,907)
0
0
0
800
(800)
0
0
0
1,000
0
0
1,000
35,226
95,477
(64,671)
0
66,033
954
3,510
(4,464)
0
0
0
1,500
(1,500)
0
0
0
800
(128)
0
673
0
2,500
(2,500)
0
0
0
24,000
(24,000)
0
0|| ||61,572
171,864
(165,729)
0
67,706|| ||70,927
171,864
(170,744)
0
72,047|| ||402,602
649,829
(661,912)
0
390,520|| ## **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 2023 Bristol City Churches Fund (BCCF)- grant given towards providing food support through St Nick's Food Hub. Redrow (Concord): grant towards English lessons YTL: Grant towards cost of Concord Church and community initiatives Charton Hayes Council: Donation towards community carol service under the concorde Page 15 ## **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 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**
**10 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Fixed assets
Current assets
Creditors due within one year
NET ASSETS|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
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
10,812
4,338
15,150
19,863
9,353
29,215
329,921
67,709
397,630
324,370
61,572
385,942
(22,260)
0
(22,260)
(12,555)
0
(12,555)|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| ||318,473
72,047
390,520
331,677
70,926
402,602|| ## **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. In the period ended 31st December 2023 £32,658 (2022 £37,233) was given by the trustees to the church. Page 16 ## **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). A lease for a printer was entered into on the 29th June 2023. This is a 5 year lease at a cost of £60 a month plus VAT. ## **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. |restricted funds (see note 9b). A summary of the income and expenditure is shown below.|| |---|---| |**Income**
Grants and Donations
Regular Giving
One-off giving
Gift aid
Interest
Balance from St Nicholas to make up to £50k
**Expenditure**
Worship & production
Marketing and media
Admin & office
Rent
Staffing
Services
Kids/students
Alpha
Events and Focus
Brabazon
Social Action
Mission giving
Surplus for period
Balance b/fwd
Balance carried forward
Fixed assets
Bank Balance|2023
2022
£
£
79,080
44,106
31,739
4,363
7,235
7,920
7,741
8,636
152
25
0
7,645| ||125,947
72,695
2,653
4,341
538
5,601
3,498
387
19,425
5,925
49,388
14,150
4,316
721
810
476
5,306
502
2,140
0
820
6,806
0
224
214| ||95,104
33,136| ||30,843
39,559
39,559
0| ||70,401
39,559| ||3,414
4,332
66,988
35,227| ||70,401
39,559| Page 17