**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:**<br>a<br>**Donations and Legacies**<br>Planned giving:<br>White envelopes<br>Yellow gift aid envelopes<br>Standing orders<br>Tax recoverable<br>Cash collections (open plate)<br>Donated services<br>Legacies<br>Other donations<br>Grant & Funding Income<br>b<br>**Investments**<br>Interest receivable<br>c<br>**Income from charitable activities**<br>Church hall lettings<br>Fees & other<br>d<br>**Other**<br>Feed in Tariff - Electricity Generation<br>Profit on disposal of assets<br>**Total**<br>**3 EXPENDITURE ON:**<br>a<br>**Charitable activities**<br>Ministry:<br>Parish Share<br>Methodist assessment<br>Benefice share & clergy expenses<br>Missionary and charitable giving<br>Youth and children's work<br>Adult work<br>Music<br>Admin & PA<br>Church running & maintenance:<br>Repairs and renewals<br>Insurance<br>Utilities<br>Miscellaneous:<br>IT costs<br>Website & advertising<br>Sundry<br>Depreciation<br>CTIC|Unrestricted<br>Restricted<br>Total<br>Funds<br>Funds<br>Funds<br>2024<br>2023<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>124,553<br>-<br>124,553<br>136,241<br>22,624<br>-<br>22,624<br>19,257<br>15,279<br>-<br>15,279<br>14,127<br>2,000<br>-<br>2,000<br>2,000<br>-<br>-<br>-<br>200<br>2,246<br>2,250<br>4,496<br>10,579<br>-<br>-<br>-<br>12,398<br>166,702<br>2,250<br>168,952<br>194,802<br>2,329<br>-<br>2,329<br>1,847<br>2,329<br>-<br>2,329<br>1,847<br>26,445<br>-<br>26,445<br>34,134<br>2,511<br>5,533<br>8,044<br>4,074<br>28,956<br>5,533<br>34,489<br>38,208<br>543<br>-<br>543<br>735<br>-<br>-<br>-<br>1,000<br>543<br>-<br>543<br>1,735<br>**198,530**<br>**7,783**<br>**206,313**<br>**236,592**<br>Unrestricted<br>Restricted<br>Total<br>Funds<br>Funds<br>Funds<br>2024<br>2023<br>£<br>£<br>£<br>£<br>73,370<br>-<br>73,370<br>63,609<br>56,520<br>-<br>56,520<br>53,640<br>1,171<br>-<br>1,171<br>5,558<br>200<br>-<br>200<br>2,812<br>45,060<br>2,250<br>47,310<br>43,716<br>1,068<br>-<br>1,068<br>1,969<br>1,386<br>-<br>1,386<br>1,120<br>16,207<br>5,533<br>21,740<br>21,979<br>10,681<br>-<br>10,681<br>40,741<br>2,526<br>-<br>2,526<br>2,076<br>10,909<br>-<br>10,909<br>8,330<br>-<br>-<br>-<br>-<br>1,000<br>-<br>1,000<br>1,257<br>6,534<br>-<br>6,534<br>373<br>2,208<br>-<br>2,208<br>2,334<br>1,537<br>-<br>1,537<br>980<br>230,377<br>7,783<br>238,160<br>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<br>**Raising funds**<br>Coffee time<br>c<br>**Governance costs**<br>Independent Examination<br>Donated services - Accountancy<br>d<br>**Finance costs**<br>Bank Charges<br>Interest on Diocesan Loan<br>**TOTAL RESOURCES EXPENDED**|1,890<br>-<br>1,890<br>1,701<br>1,890<br>-<br>1,890<br>1,701<br>1,680<br>-<br>1,680<br>1,572<br>2,000<br>-<br>2,000<br>2,000<br>3,680<br>-<br>3,680<br>3,572<br>450<br>-<br>450<br>129<br>342<br>-<br>342<br>230<br>792<br>-<br>792<br>359<br>**236,739**<br>**7,783**<br>**244,522**<br>**256,126**<br>**(38,209)**<br>**0**<br>**(38,209)**<br>**(19,534)**|
|---|---|



## **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**<br>Wages and salaries<br>Other pension costs<br>Total wages|2024<br>2023<br>£<br>£<br>50,804<br>47,898<br>715<br>715<br>51,519<br>48,613|
|---|---|



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:<br>Donations and Legacies<br>Investments<br>Charitable activities<br>Other<br>**TOTAL**<br>EXPENDITURE ON:<br>Charitable activities<br>Raising Funds<br>Governance costs<br>Finance costs<br>**TOTAL**<br>**NET INCOME/(EXPENDITURE)**<br>**TOTAL FUNDS B/F 1st JANUARY 2023**<br>**TOTAL FUNDS C/F 31st DECEMBER 2023**|Unrestricted<br>Restricted<br>Total<br>Funds<br>Funds<br>2023<br>£<br>£<br>£<br>182,404<br>12,398<br>194,802<br>1,847<br>-<br>1,847<br>38,208<br>-<br>38,208<br>1,735<br>-<br>1,735<br>224,194<br>12,398<br>236,592<br>238,066<br>12,428<br>250,494<br>1,701<br>-<br>1,701<br>3,572<br>-<br>3,572<br>359<br>-<br>359<br>243,698<br>12,428<br>256,126<br>(19,504)<br>(30)<br>(19,534)<br>140,360<br>15,786<br>156,146<br>120,856<br>15,756<br>136,612<br>**2023 SoFA**|
|---|---|



## **6 FIXED ASSETS** 

Fixed assets costing over £300 will be capitalised and depreciated in accordance with the stated accounting policies. 

|Disposals<br>Eliminated on disposals<br>Net book value b/f<br>Accumulated Depreciation c/f<br>Charge for Year<br>Accumulated Depreciation b/f<br>Cost c/f<br>Cost b/f<br>Additions<br>Net book value c/f|Fixtures &<br>Fittings<br>Other<br>Equipment<br>Total<br>£<br>£<br>£<br>32,118             66,332             98,450<br>-                 1,037               1,037<br>-                        -                        -<br>32,118             67,369             99,487<br>25,371             62,218             87,589<br>1,012               1,196               2,208<br>-                         -                        -<br>26,383             63,414             89,797<br>6,747                4,114              10,861<br>5,735                3,955                9,690|
|---|---|



## **7 DEBTORS** 

|**DEBTORS**<br>Tax recoverable (Accrued Income)<br>Credit balances with Suppliers<br>Fire alarm maintenance contract<br>CCLI/PRS Music Licences<br>Purchases refunded after-date<br>Prepaid advertising costs<br>Prepaid copier charges<br>Hall lettings invoices|2024<br>2023<br>£<br>£<br>19,525<br>19,376<br>3,259<br>-<br>99<br>96<br>945<br>891<br>-<br>396<br>692<br>692<br>136<br>271<br>5,971<br>6,390<br>30,627<br>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**<br>Men's Ministry<br>Womens Day<br>Bible Notes<br>Clergy Benevolent Fund (formerly TLG Make Lunch)<br>Christingle<br>Retirement Gift<br>St Nics School Camp<br>Marriage Preparation course<br>**9 CREDITORS**<br>Water Rates<br>Gas<br>Electric<br>Clergy Expenses<br>Wedding & Funeral Fees<br>Diocesan Loan Interest<br>Trade Invoices<br>Accountancy - Independent Examination<br>Prepaid Hall Hire Income<br>Cleaning<br>PAYE liability<br>Pensions payable|2024<br>2023<br>£<br>£<br>228<br>228<br>915<br>195<br>56<br>17<br>5,203<br>5,203<br>-<br>2,279<br>2,222<br>-<br>200<br>200<br>87<br>87<br>8,911<br>8,209<br>2024<br>2023<br>£<br>£<br>318<br>25<br>1,023<br>857<br>2,285<br>265<br>350<br>251<br>-<br>400<br>58<br>58<br>1,953<br>2,043<br>1,620<br>1,464<br>1,621<br>3,287<br>459<br>297<br>1,856<br>1,225<br>211<br>170<br>11,754<br>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<br>Due within 2-5 years from the balance sheet date|2024<br>2023<br>£<br>£<br>2,000<br>2,000<br>2,000<br>4,000<br>4,000<br>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<br>Specific Donations<br>GVMC Salary contributions<br>Cycle Rack<br>Total Restricted Funds<br>TLG/EIG Fund<br>Specific Donations<br>GVMC Salary contributions<br>Cycle Rack<br>Total Restricted Funds|At 01.01.24<br>Incoming<br>resources<br>Resources<br>expended<br>At 31.12.24<br>£<br>£<br>£<br>£<br>13,643<br>5,000<br>(5,000)<br>13,643<br>1,946<br>2,250<br>(2,250)<br>1,946<br>-<br>5,533<br>(5,533)<br>-<br>167<br>-<br>(25)<br>142<br>15,756<br>12,783<br>(12,808)<br>15,731<br>At 01.01.23<br>Incoming<br>resources<br>Resources<br>expended<br>At 31.12.23<br>£<br>£<br>£<br>£<br>13,643<br>-<br>-<br>13,643<br>1,946<br>1,750<br>(1,750)<br>1,946<br>-<br>5,648<br>(5,648)<br>-<br>197<br>-<br>(30)<br>167<br>15,786<br>7,398<br>(7,428)<br>15,756|
|---|---|



## **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<br>Designated Funds - Outreach<br>Total Unrestricted Funds<br>General Funds<br>Designated Funds<br>Total Unrestricted Funds|At 01.01.24<br>Incoming<br>resources<br>Resources<br>expended<br>Release to<br>General Funds<br>At 31.12.24<br>£<br>£<br>£<br>£<br>£<br>58,726<br>198,530<br>(236,739)<br>30,000<br>50,517<br>62,130<br>-<br>-<br>(30,000)<br>32,130<br>120,856<br>198,530<br>(236,739)<br>-<br>82,647<br>At 01.01.23<br>Incoming<br>resources<br>Resources<br>expended<br>Release to<br>General Funds<br>At 31.12.23<br>£<br>£<br>£<br>£<br>£<br>58,726<br>224,194<br>(243,698)<br>-<br>39,222<br>62,130<br>-<br>-<br>-<br>62,130<br>120,856<br>224,194<br>(243,698)<br>-<br>101,352|
|---|---|



## **Analysis of net assets between funds** 

|<br>Fixed assets<br>Cash and current investments<br>Other current assets/liabilities<br>Creditors more than one year|General fund<br>Designated<br>funds<br>Restricted<br>funds<br>£<br>£<br>£<br>9,523<br>-<br>167<br>35,032<br>32,130<br>15,589<br>7,962<br>-<br>-<br>(2,000)<br>-<br>-<br>2024|Endowment<br>funds<br>£<br>-<br>-<br>-<br>-|
|---|---|---|
|Total|50,517<br>32,130<br>15,756|-|
|**Analysis of net assets between funds (cont.)**<br>Fixed assets<br>Cash and current investments<br>Other current assets/liabilities<br>Creditors more than one year||2024<br>Total<br>£<br>9,690<br>82,751<br>7,962<br>(2,000)|
|Total||98,403|



## **Analysis of net assets between funds (prior year)** 

|Fixed assets<br>Cash and current investments<br>Other current assets/liabilities<br>Creditors more than one year<br>Total|General fund<br>Designated<br>funds<br>Restricted<br>funds<br>Endowment<br>funds<br>£<br>£<br>£<br>£<br>10,694<br>-<br>167<br>-<br>44,471<br>62,130<br>15,589<br>-<br>7,561<br>-<br>-<br>-<br>(2,000)<br>-<br>-<br>-<br>60,726<br>62,130<br>15,756<br>-<br>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<br>Cash and current investments<br>Other current assets/liabilities<br>Creditors more than one year<br>Total|2023<br>Total<br>£<br>10,861<br>122,190<br>7,561<br>(2,000)<br>138,612|
|---|---|



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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