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2024-12-31-accounts

BRISTOL CCRC TRUST

Annual report and accounts for the year ended 31 December 2024

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: Mr Chris Egitto Rev Toby Flint Mrs Helen Gordon (appointed secretary 24 April 2024) Mrs Jennifer Gordon (resigned as treasurer 20 May 2024) Mr Oliver Home Mr Cameron Laleye Mrs Alex Parry Mr Tom Skidmore Mr Andy Spens (Chair) Mrs Claire Starling (appointed trustee 24 April 2024, treasurer 20 May 2024) Mr Zak Verry Company Secretary: Mrs Helen Gordon (appointed secretary 24 April 2024) Registered office: St Nicholas Church St Nicholas Street Bristol BS1 1UE Examiner: Derek Rodwell Impact the Future Ltd 3 Girdwood Road Southfields London SW18 5QR 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 2024

The Board of Trustees present their report and accounts for Bristol CCRC Trust for the period ending 31 December 2024.

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 Bristol CCRC Trust which includes St Nicholas Bristol (launched in September 2018) and Concord Church (launched in September 2022); the latter only until 26 April 2024 when it became a separate charity with its own governance and management structures.

The leadership of the churches’ 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 the Senior Leaders (Rev Toby Flint for St Nicholas Bristol and Rev Andy Carter for Concord Church), 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, clergy 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 totalling around 200. These volunteers are involved in all areas of the church’s day to day activities and play a large role in assisting the charity in meeting the aims and objectives. 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

Page 3

Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905

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 a health and safety policy. Regular risk assessments and strategic planning help ensure the church remains a resilient and thriving place of worship and service.

OBJECTIVES AND ACTIVITIES

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 towards social action and mission (including resourcing and planting churches), supporting communities and families and investing in worship, services and teaching. 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:

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 2024, St Nicholas transitioned out of its initial five year planting phase, and into the next five years as a more established resourcing church for the City.

Worship and services

Family and community

Page 4

Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905

Social Action and Mission

Site Development

Concord Church

Concord Church became its own BMO and charity in April 2024, but the two churches will continue to work in collaboration with one another wherever they can going forward. The following represents the period from 1 January 2024 to 25th April 2024.

Worship and services

Social Action and mission

Family and community

FUTURE PLANS

The Trustees approved a new strategy for St Nicholas in September 2023, which continues to guide the activity of the organisation. 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; 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

Page 5

Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE Company no. 11115823. Charity no. 1178905

deeper in cultivating a culture of prayer. St Nicholas also remains committed to church planting, most urgently into an area of deprivation in Bristol. The leadership of the church is in ongoing discussions with Bristol Diocese about the strategic direction for church planting in the diocese, which will influence the church planting activities of St Nicholas.

PRINCIPAL RISKS AND UNCERTAINTIES

The charity conducts bi-annual reviews of its principal risks to which it is exposed, with systems established or revised to mitigate those risks. The charity's principal risks include fluctuations in donations, changing church attendance patterns, increasing operational costs. To mitigate these risks, we maintain prudent financial management, encourage diverse income streams and foster strong community engagement. Internal financial risks are managed by the implementation of financial procedures for the collection and recording of all donations and the authorisation and recording of all expenditure.

FINANCIAL REVIEW

In the period to the end of December 2024, the charity received total income of £553k (£650k in 2023) against expenditure of £650k (£662k in 2023). Unrestricted funds received totalled £481k (£478k in 2023) leading to an unrestricted deficit for the period of £33k (£13k deficit in 2023). There was a balance of £286k of unrestricted funds carried forward into 2025. Restricted funds received totalled £72k (£172k in 2023) with a balance of £8k on restricted funds carried forward into 2025.

St Nicholas summary of income Voluntary giving of £406k (£351k in 2023) Gift Aid recovered of £80k (£74k in 2023) Other Income including grants of £128k (£225k in 2023)

The details behind all these figures can be seen in the following financial statements.

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. The aim therefore is to have free reserves between £130k to £260k based on current expenditure levels. At these levels 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 of £278k going forward into 2025. 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. 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.

Page 6

Bristol CCRC Trust, St Nicholas Church, St Nicholas Street, Bristol, BS1 1UE

Company no. 11115823. Charity no. 1178905

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:

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: 31 March 2025

Page 7

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 2024, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 9 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:

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:

Date: 25[th] June 2025

Derek Rodwell FCCA, Impact The Future Ltd, Bennett Verby, 7 St Petersgate, Stockport, Cheshire SK1 1EB

Page 8

BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL) STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31ST DECEMBER 2024

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
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
463,872
71,797
535,669
450,174
171,523
621,698
17,506
47
17,552
27,791
341
28,132
481,378
71,843
553,221
477,966
171,864
649,830
112,237
115,594
227,830
125,352
99,006
224,358
51,169
1,078
52,247
20,189
687
20,876
186,790
9,040
195,829
218,035
41,773
259,809
164,130
10,256
174,385
127,592
29,278
156,870
514,325
135,967
650,291
491,168
170,744
661,912
(32,946)
(64,124)
(97,070)
(13,202)
1,120
(12,082)
0
0
0
0
0
0
(32,946)
(64,124)
(97,070)
(13,202)
1,120
(12,082)
318,473
72,047
390,520
331,675
70,927
402,602
285,527
7,922
293,449
318,473
72,047
390,520

Page 9

BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL)

BALANCE SHEET AS AT 31 DECEMBER 2024

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		 £
£
£
£
7,998
7,998
15,150
15,150
45,785
43,353
308,510
354,295
354,277
397,630
(68,846)
(68,846)
(22,260)
(22,260)
285,449
375,370
293,448
390,520
7,922
72,047
285,527
318,473
293,449
390,520
31ST DECEMBER 2024
31ST DECEMBER 2023		 £
£
£
£
7,998
7,998
15,150
15,150
45,785
43,353
308,510
354,295
354,277
397,630
(68,846)
(68,846)
(22,260)
(22,260)
285,449
375,370
293,448
390,520
7,922
72,047
285,527
318,473
293,449
390,520
31ST DECEMBER 2024
31ST DECEMBER 2023
375,370
390,520
72,047
318,473
390,520

The notes on pages 12 to 18 form part of these financial statements.

For the period ended 31 December 2024, 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 Claire Starling Treasurer Dated 31 March 2025

Company registration number: 11115823

Page 10

BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL) Cash flow statement For the year to 31st December 2024

Net income for the reporting period (as per statement of financial activities)
Adjustments for:
Depreciation charges
Disposal 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
Short term loans due within one year
Total		 2024
£
6,067
3,414
(2,432)
46,586		 2024
2023
2023
£
£
£
(97,070)
(12,082)
14,065
0
9,716
9,705
53,634
33,487
(2,330)
0
(45,766)
21,405
opening
cash flow
closing
01/01/2024
2024
31/12/2024
251,968
(48,311)
203,657
102,309
2,545
104,854		 2023
£
14,065
0
9,716
9,705		 2023
£
(12,082)
33,487
0
21,405
354,277
(45,766)
308,511
0
0
0
354,277
(45,766)
308,511

Page 11

BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL) Notes to the accounts

For the period ended 31st December 2024

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 2025 and levels of free reserves at the start of 2025 are over 6 months of unrestricted expenditure

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 12

BRISTOL CCRC TRUST LTD (ST NICHOLAS BRISTOL)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2024

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
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
308,064
15,951
324,016
243,259
31,739
274,997
0
49,788
49,788
72,000
124,746
196,746
78,506
3,368
81,874
68,851
7,046
75,896
77,302
2,689
79,991
66,065
7,992
74,058
463,872
71,797
535,669
450,174
171,523
621,698
3,125
0
3,125
2,112
2,112
3,757
0
3,757
6,316
6,316
4,727
0
4,727
5,648
189
5,837
1,725
0
1,725
1,193
0
1,193
1,341
0
1,341
10,270
10,270
2,831
47
2,878
2,253
152
2,405
17,506
47
17,552
27,791
341
28,132

4a ALLOCATION OF EXPENDITURE FOR 2024

Mission & Social Action
Site development
Community & Family
Worship & services
Allocation of staff costs including training,expenses, etc
Allocation of central admin costs
Totals		 %'s allocation
20.73%
9.03%
35.46%
34.78%
100.00%		 Direct
costs
Staff costs
Central
admin
costs
Total costs
2024
2024
2024
2024
£
£
£
£
132,617
44,889
50,324
227,830
10,760
19,559
21,928
52,247
32,999
76,768
86,063
195,829
14,682
75,293
84,410
174,385
191,058
216,510
242,725
650,292
216,510
(216,510)
(0)
242,725
(242,725)
0
650,291
0
0
650,292

Central admin costs have been allocated pro-rata to the staff costs

4b ALLOCATION OF EXPENDITURE FOR 2023

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

Page 13

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
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
5,478
249
5,727
6,826
5,279
12,105
647
0
647
2,081
27
2,108
1,881
98,582
100,463
3,962
11,131
15,093
18,524
7,256
25,780
13,342
23,444
36,786
26,529
106,088
132,617
26,211
39,882
66,093
8,956
0
8,956
6,304
0
6,304
1,805
0
1,805
2,551
0
2,551
10,760
0
10,760
8,855
0
8,855
16,687
642
17,329
19,873
2,140
22,012
2,805
16
2,821
2,943
715
3,658
4,366
0
4,366
4,351
0
4,351
5,424
1,033
6,457
8,308
41
8,349
602
86
688
78
54
131
1,336
2
1,338
708
50
758
31,220
1,778
32,999
36,260
2,999
39,260
4,552
433
4,984
3,990
2,363
6,354
2,773
83
2,856
2,837
2,744
5,580
6,563
278
6,841
11,855
5,164
17,019
13,888
794
14,682
18,682
10,271
28,953
82,398
108,660
191,058
90,008
53,152
143,160
32,368
0
32,368
25,562
0
25,562
48,599
784
49,383
45,077
7,114
52,191
0
10,000
10,000
0
19,425
19,425
1,988
0
1,988
3,384
0
3,384
8,778
95
8,872
8,304
538
8,842
19,058
1,055
20,113
20,544
2,579
23,123
120,000
0
120,000
120,000
0
120,000
230,791
11,934
242,725
222,870
29,656
252,526
191,763
14,571
206,334
172,617
85,086
257,703
3,891
233
4,124
2,186
382
2,568
5,483
569
6,052
3,488
2,469
5,956
201,136
15,374
216,510
178,290
87,936
266,227

A fee of £850 was accrued in the period for the independent examination and £850 for the preparation of the accounts.

Page 14

Analysis of mission giving to external causes
Woodlands Group of Churches- student mission
Mullers.Org- work with refugees
Love Running Donation
Other gifts
George Muller Foundation- Bristol City Churches Fund
Direct Deliveries of food to Charities
Begin Well
Sixty-One
inHope
International Justice Mission
Tranfer of balance on Concord funds		 Unrestricted
Restricted
Total
Unrestricted Restricted
Total
funds
funds
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
1,000
0
1,000
0
0
0
0
0
0
500
0
500
95
0
95
0
0
0
0
0
0
254
180
434
200
0
200
0
0
0
1,415
0
1,415
3,208
7,577
10,785
0
505
505
0
1,665
1,665
0
0
0
0
1,665
1,665
0
505
505
0
0
0
0
504
504
0
0
0
0
98,382
98,382
0
0
0
2,710
99,896
102,606
3,962
11,087
15,049

5 SALARIES

Analysis of payroll:

Analysis of payroll:
Gross pay
Employers NI (net of employment allowance)
Employers Pension		 2024
£
188,913
11,474
5,947
206,334		 2023
£
238,091
12,538
7,073
257,703

In the 12 months ending 31st December 2024 there was an average of 11 (2023 13) people on staff representing an FTE of 7.2 (2023 8.9). Only 3 months of Concord staff are included in these figures, before Concord was registered as a charity. 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 2024.

6 TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Assets at cost
Opening balance 1/1/24
Purchases
Disposals
Closing balance 31/12/24
Depreciation
Opening balance 1/1/24
Charge for the period
Disposals
Closing balance on accumulated depreciation 31/12/24
Closing balance on fixed assets 31/12/23
Closing balance on fixed assets 31/12/24		 Computer Plant &
Furniture &
Total
Equipment machinery
fittings
£
5,630
34,207
30,390
70,227
1,284
1,046
0
2,330
0
(4,587)
0
(4,587)
6,914
30,666
30,390
67,970
4,462
23,081
27,534
55,077
835
3,642
1,590
6,067
(1,172)
(1,172)
5,297
25,551
29,124
59,972
1,168
11,126
2,856
15,150
1,617
5,115
1,266
7,998

Page 15

7 DEBTORS

Gift aid accrued
Sundry other debtors
Accounts receivable
Prepayments
CREDITORS
Amounts falling due within one year
Accounts payable
Accruals and deferred income
Amount owed on Concord intercompany account
STATEMENT OF MOVEMENTS IN FUNDS 2024
Unrestricted Funds
Restricted funds
Fixed assets paid for by restricted funds
Concord restricted fund for church plant
All Churches Trust grant for Youth work-fixed assets
Funds
CCYC Bristol Grant for Youth Chplain
Social Action Fund
Love Christmas- CRT and St Nicks
Coffee on Campus- Justsow
Christmas Service appeals
Concord funds and grants (up to 25/4/24)
Church Plant Fund (Concord)
Redrow
South Glouc Community Grant
New Housing Fund
YTL (Concord)
Total restricted funds
Total Funds		 2024
2023
£
£
26,872
8,556
2,310
18,156
100
586
16,503
16,055
45,785
43,353
2024
2023
£
£
278
326
12,306
21,934
56,262
68,846
22,260
Opening
Incoming
Resources
Transfers
closing
Balance
resources
expended
balance
2024
2024
2024
2024
2024
£
£
£
£
£
318,473
481,378
(514,325)
0
285,526		 2023
£
8,556
18,156
586
16,055
43,353
2023
£
326
21,934
22,260
3,414
0
0
(3,414)
(0)
927
0
(504)
0
423
4,341
0
(504)
(3,414)
423
0
7,500
0
0
7,500
0
1,781
(1,781)
0
(0)
0
5,200
(5,200)
0
0
1,000
0
(1,000)
0
0
0
1,514
(1,514)
0
0
1,000
15,995
(9,495)
0
7,500
66,033
21,848
(20,899)
(66,981)
0
673
0
0
(673)
0
0
0
(200)
200
0
0
30,000
0
(30,000)
0
0
4,000
(8,000)
4,000
0
66,706
55,848
(29,099)
(93,454)
0
72,047
71,843
(39,099)
(96,868)
7,923
390,521
553,221
(553,424)
(96,868)
293,449

8 CREDITORS

9A STATEMENT OF MOVEMENTS IN FUNDS 2024

Notes on restricted funds

CCYC Bristol Grant for Youth Chaplain - Paid by Bristol Diocese to support 1 x FTE City Centre Youth Chaplain role. 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))

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 Redrow (Concord): grant towards English lessons YTL: Grant towards cost of Concord Church and community initiatives

Page 16

9B STATEMENT OF MOVEMENTS IN FUNDS 2023

Opening Incoming Resources Transfers closing
Balance resources expended balance
2023 2023 2023 2023 2023
£ £ £ £ £
Unrestricted Funds 331,675 477,966 (491,168) 0 318,473
Restricted funds
Fixed assets paid for by restricted funds
SDF grant towards set-up costs- fixed assets 1,593 0 (1,593) 0 0
Archdeanery gift for chairs- fixed asset 2,000 0 (2,000) 0 0
Concord restricted fund for church plant See note 13 4,332 0 (918) 0 3,414
All Churches Trust grant for Youth work-fixed assets 1,428 0 (504) 0 924
9,353 0 (5,015) 0 4,338
Funds
SDF grant towards salaries 21,844 0 (21,844) 0 0
BCCF Food Hub 3,600 0 (3,600) 0 0
URC Trust (Youth/café/after school club) 50 0 (50) 0 0
Energy Grant from Diocese 0 3,691 (3,691) 0 0
Benefact grant for Bibles 0 750 (750) 0 0
Social Action Fund 0 5,826 (5,826) 0 0
CRT Grants (LYN) 0 25,000 (25,000) 0 0
Love Christmas- CRT and St Nicks (103) 7,010 (6,907) 0 0
CRT Grant for Transform (Concord) 0 800 (800) 0 0
Justsow: Student Mission 0 1,000 0 0 1,000
Church Plant Fund (Concord) See note 13 35,226 95,477 (64,671) 0 66,033
Christmas Service appeals 954 3,510 (4,464) 0 0
Charlton Hayes Council (Concord) 0 1,500 (1,500) 0 0
Redrow (Concord) 0 800 (128) 0 673
Rolls Royce- grant for Christmas events and carols(concord) 0 2,500 (2,500) 0 0
YTL (Concord) 0 24,000 (24,000) 0 0
61,572 171,864 (165,729) 0 67,706
Total restricted funds 70,927 171,864 (170,744) 0 72,047
Total Funds 402,602 649,829 (661,912) 0 390,520
**10 ** ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fixed assets 7,576 423 7,998 10,812 4,338 15,150
Current assets 346,795 7,500 354,295 329,921 67,709 397,630
Creditors due within one year (68,846) 0 (68,846) (22,260) 0 (22,260)
NET ASSETS 285,525 7,923 293,448 318,473 72,047 390,520

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 2024 £66,270 (2023 £32,658) was given by the trustees to the church.

Page 17

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 term is for 5 years (to 24th June 2026). 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 accounts as restricted funds (see note 9b).

On the 26th of April 2024 Concord Church became a separate registered charity. The transactions for Concord Church were included in these accounts up to the date of registration, after which the assets were all transferred to the new charity. Below is a summary of the transactions shown in these accounts as a restricted fund, up to the date of transfer.

Concord Church Plant- transactions within St Nick's ledgers
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 on Concord funds as at 25/4/24
Fixed assets
Funds balance		 Up to 26/4
2024
2023
£
£
34,100
75,910
15,951
31,739
3,368
7,235
2,382
7,741
47
152
0
55,848
122,777
270
3,571
95
538
1,088
3,498
10,000
19,425
15,500
48,588
516
2,816
137
810
249
5,306
642
2,140
0
0
403
5,481
200
44
29,099
92,217
26,749
30,560
70,120
39,559
96,868
70,119
3,414
66,706
0
70,120

Page 18