Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
Resources expended
Expenditure has been accounted for on an accruals basis using natural expense categories and has been classified under headings that aggregate all costs related to that category. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the ECC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Governance Costs
Governance costs comprise all costs involved in the public accountability of the charity and its compliance with regulation and good practice.
Fixed Assets
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act 2011. The costs of improvements to consecrated and benefice property are written off in the year in which they are incurred.
Equipment used within the church premises is depreciated over its estimated useful economic life. Depreciation rates are 15% reducing balance for fixtures and fittings and 25% straight line for shorter life assets. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.
Debtors
Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Short term liquid investments and cash
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
Creditors
The charity has creditors which are measured at settlement amounts.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Donated goods, services and facilities
Donated goods, services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
| 2 INCOME AND ENDOWMENTS FROM: a Donations and Legacies Planned giving: White envelopes Yellow gift aid envelopes Standing orders Tax recoverable Cash collections (open plate) Donated services Legacies Other donations Grant & Funding Income b Investments Interest receivable c Income from charitable activities Church hall lettings Fees & other d Other Feed in Tariff - Electricity Generation Profit on disposal of assets Total 3 EXPENDITURE ON: a Charitable activities Ministry: Parish Share Methodist assessment Benefice share & clergy expenses Missionary and charitable giving Youth and children's work Adult work Music Admin & PA Church running & maintenance: Repairs and renewals Insurance Utilities Miscellaneous: IT costs Website & advertising Sundry Depreciation CTIC |
Unrestricted Restricted Total Funds Funds Funds 2024 2023 £ £ £ £ - - - - - - - - 124,553 - 124,553 136,241 22,624 - 22,624 19,257 15,279 - 15,279 14,127 2,000 - 2,000 2,000 - - - 200 2,246 2,250 4,496 10,579 - - - 12,398 166,702 2,250 168,952 194,802 2,329 - 2,329 1,847 2,329 - 2,329 1,847 26,445 - 26,445 34,134 2,511 5,533 8,044 4,074 28,956 5,533 34,489 38,208 543 - 543 735 - - - 1,000 543 - 543 1,735 198,530 7,783 206,313 236,592 Unrestricted Restricted Total Funds Funds Funds 2024 2023 £ £ £ £ 73,370 - 73,370 63,609 56,520 - 56,520 53,640 1,171 - 1,171 5,558 200 - 200 2,812 45,060 2,250 47,310 43,716 1,068 - 1,068 1,969 1,386 - 1,386 1,120 16,207 5,533 21,740 21,979 10,681 - 10,681 40,741 2,526 - 2,526 2,076 10,909 - 10,909 8,330 - - - - 1,000 - 1,000 1,257 6,534 - 6,534 373 2,208 - 2,208 2,334 1,537 - 1,537 980 230,377 7,783 238,160 250,494 |
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
| b Raising funds Coffee time c Governance costs Independent Examination Donated services - Accountancy d Finance costs Bank Charges Interest on Diocesan Loan TOTAL RESOURCES EXPENDED |
1,890 - 1,890 1,701 1,890 - 1,890 1,701 1,680 - 1,680 1,572 2,000 - 2,000 2,000 3,680 - 3,680 3,572 450 - 450 129 342 - 342 230 792 - 792 359 236,739 7,783 244,522 256,126 (38,209) 0 (38,209) (19,534) |
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4 STAFF COSTS
During the year the Church had a total of four paid staff (2023: 4). GVMC also contribute roughly 45% of the PA Admin's wages worth £5,533 (2023: £5,648). The remainder of staff costs are met from general funds, supplemented by ad-hoc specified donations.
| Split of wages costs Wages and salaries Other pension costs Total wages |
2024 2023 £ £ 50,804 47,898 715 715 51,519 48,613 |
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The average number of staff working for the charity during the year was 4 employees (2023: 4 employees).
No employees received emoluments in excess of £60,000.
Donated goods, services and facilities
During the year, the church has benefitted from numerous services provided by volunteers covering areas such as children's and youth work, and all areas of ministry. Further services have been provided in the form of assistance with maintenance, finance and administration. It is not possible to measure the financial benefit of such services in the accounts.
During the year, a number of supplies have been donated to further the ministry of the church. It has not been possible to value the goods donated and the trustees do not believe the total value is material to the financial statements.
Donated services received
During the year, the church has recognised the fair value of the donation of accountancy services as approximately £3,000 (2023: £2,000) and has recognised this under other donations and charitable activity costs.
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
5 STATEMENT OF FINANCIAL ACTIVITY (COMPARATIVE)
| INCOME AND ENDOWMENTS FROM: Donations and Legacies Investments Charitable activities Other TOTAL EXPENDITURE ON: Charitable activities Raising Funds Governance costs Finance costs TOTAL NET INCOME/(EXPENDITURE) TOTAL FUNDS B/F 1st JANUARY 2023 TOTAL FUNDS C/F 31st DECEMBER 2023 |
Unrestricted Restricted Total Funds Funds 2023 £ £ £ 182,404 12,398 194,802 1,847 - 1,847 38,208 - 38,208 1,735 - 1,735 224,194 12,398 236,592 238,066 12,428 250,494 1,701 - 1,701 3,572 - 3,572 359 - 359 243,698 12,428 256,126 (19,504) (30) (19,534) 140,360 15,786 156,146 120,856 15,756 136,612 2023 SoFA |
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6 FIXED ASSETS
Fixed assets costing over £300 will be capitalised and depreciated in accordance with the stated accounting policies.
| Disposals Eliminated on disposals Net book value b/f Accumulated Depreciation c/f Charge for Year Accumulated Depreciation b/f Cost c/f Cost b/f Additions Net book value c/f |
Fixtures & Fittings Other Equipment Total £ £ £ 32,118 66,332 98,450 - 1,037 1,037 - - - 32,118 67,369 99,487 25,371 62,218 87,589 1,012 1,196 2,208 - - - 26,383 63,414 89,797 6,747 4,114 10,861 5,735 3,955 9,690 |
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7 DEBTORS
| DEBTORS Tax recoverable (Accrued Income) Credit balances with Suppliers Fire alarm maintenance contract CCLI/PRS Music Licences Purchases refunded after-date Prepaid advertising costs Prepaid copier charges Hall lettings invoices |
2024 2023 £ £ 19,525 19,376 3,259 - 99 96 945 891 - 396 692 692 136 271 5,971 6,390 30,627 28,112 |
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
| 8 SUB ACCOUNTS Men's Ministry Womens Day Bible Notes Clergy Benevolent Fund (formerly TLG Make Lunch) Christingle Retirement Gift St Nics School Camp Marriage Preparation course 9 CREDITORS Water Rates Gas Electric Clergy Expenses Wedding & Funeral Fees Diocesan Loan Interest Trade Invoices Accountancy - Independent Examination Prepaid Hall Hire Income Cleaning PAYE liability Pensions payable |
2024 2023 £ £ 228 228 915 195 56 17 5,203 5,203 - 2,279 2,222 - 200 200 87 87 8,911 8,209 2024 2023 £ £ 318 25 1,023 857 2,285 265 350 251 - 400 58 58 1,953 2,043 1,620 1,464 1,621 3,287 459 297 1,856 1,225 211 170 11,754 10,342 |
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10 LOANS
A £40,000 loan facility was made available by the Diocese of Bath and Wells for the purposes of assisting in the financing of the Regen Project. This facility was drawn down by Christchurch on 19th October 2012. It was agreed to be repaid by way of five lump sum payments on each anniversary of the loan drawdown date.
Following conversations with the Diocesan Board of Finance the sum of £4,000 was repaid in March 2016, and the ECC renegotiated the terms of the remaining balance of the loan amounting to £20,142 at that time. This will now be repaid by way of ten lump sum payments on 1st November each year, commencing in 2017. Interest will be charged at 1% above the CCLA CBF Deposit rate (equating to an average of 5.22% during 2023) and will be payable along with each repayment.
| Due within 1 year of the balance sheet date Due within 2-5 years from the balance sheet date |
2024 2023 £ £ 2,000 2,000 2,000 4,000 4,000 6,000 |
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
11 FUNDS
The restricted funds comprise the continuation of the Trainee Family Co-Ordinator Fund, the Early Intervention Group, the grant-funded Cycle Rack and any donations received for a specific purpose or cause.
Unrestricted Funds encompass all other ongoing church activites and are not separated into further subcategories.
Restricted Fund Movements
| TLG/EIG Fund Specific Donations GVMC Salary contributions Cycle Rack Total Restricted Funds TLG/EIG Fund Specific Donations GVMC Salary contributions Cycle Rack Total Restricted Funds |
At 01.01.24 Incoming resources Resources expended At 31.12.24 £ £ £ £ 13,643 5,000 (5,000) 13,643 1,946 2,250 (2,250) 1,946 - 5,533 (5,533) - 167 - (25) 142 15,756 12,783 (12,808) 15,731 At 01.01.23 Incoming resources Resources expended At 31.12.23 £ £ £ £ 13,643 - - 13,643 1,946 1,750 (1,750) 1,946 - 5,648 (5,648) - 197 - (30) 167 15,786 7,398 (7,428) 15,756 |
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TLG/EIG Fund
This restricted fund represents donations and grants received in respect of our partnership with ‘Transforming Lives for Good’. This covers costs incurred in training a team to work in local schools. During the period, grants of £0 (2023: £5,000) were received towards this initiative.
Specific Donations Fund
This restricted fund represents donations received for specific causes.
Designated funds - Outreach
This fund is used for outreach projects and is being used to support the Youth Worker and any other project approved by the Trustees.
Restricted Funds approach
Expenditure incurred over and above funded amounts is treated as a cost to Unrestricted funds.
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
Unrestricted Fund Movements
| General Funds Designated Funds - Outreach Total Unrestricted Funds General Funds Designated Funds Total Unrestricted Funds |
At 01.01.24 Incoming resources Resources expended Release to General Funds At 31.12.24 £ £ £ £ £ 58,726 198,530 (236,739) 30,000 50,517 62,130 - - (30,000) 32,130 120,856 198,530 (236,739) - 82,647 At 01.01.23 Incoming resources Resources expended Release to General Funds At 31.12.23 £ £ £ £ £ 58,726 224,194 (243,698) - 39,222 62,130 - - - 62,130 120,856 224,194 (243,698) - 101,352 |
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Analysis of net assets between funds
Fixed assets Cash and current investments Other current assets/liabilities Creditors more than one year |
General fund Designated funds Restricted funds £ £ £ 9,523 - 167 35,032 32,130 15,589 7,962 - - (2,000) - - 2024 |
Endowment funds £ - - - - |
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| Total | 50,517 32,130 15,756 |
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| Analysis of net assets between funds (cont.) Fixed assets Cash and current investments Other current assets/liabilities Creditors more than one year |
2024 Total £ 9,690 82,751 7,962 (2,000) |
|
| Total | 98,403 |
Analysis of net assets between funds (prior year)
| Fixed assets Cash and current investments Other current assets/liabilities Creditors more than one year Total |
General fund Designated funds Restricted funds Endowment funds £ £ £ £ 10,694 - 167 - 44,471 62,130 15,589 - 7,561 - - - (2,000) - - - 60,726 62,130 15,756 - 2023 |
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Ecumenical Church Council of Christchurch Clevedon
Notes to the financial statements for the Year ended 31st December 2024 (cont.)
Analysis of net assets between funds (prior year) (cont.)
| Fixed assets Cash and current investments Other current assets/liabilities Creditors more than one year Total |
2023 Total £ 10,861 122,190 7,561 (2,000) 138,612 |
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Designated Funds are made up of legacy income received during 2021. These funds have been designated for expenditure on Outreach programs.
12 RELATED PARTY DISCLOSURES AND TRUSTEE EXPENSES
J McManus, a trustee, was paid by Christchurch directly to fulfil a Facilities Booking Manager role, for which she received remuneration of £6,543 (2023: £7,335). This was made up entirely of basic wages without further pension payments.
There have been no further payments of expenses to Trustees during the year other than the direct reimbursement of expenditure necessarily incurred in respect of Christchurch. Please note that the Methodist Minister's expenses are paid by the Gordano Methodist Circuit.
Donations from Related Parties
During the year the trustees were responsible for donations received totalling £25,170 (2023: £25,170). These amounts are included within Note 2a "Donations and Legacies" Income above.
In addition to this, the spouse of the Trustee, J McManus, donated Accountancy services via his company, McManus Williams, with an estimated value of £2,000 (2023: £2,000).
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