## **ST BASIL'S CHURCH, DEVON** _**Charity Registration number : 1193097**_ **TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Annual Report for CIO, St Basil’s Church, Devon Reports and Financial Statement** ## **1. Legal and Administrative Information** Charity Name: St Basil’s Church, Devon Charity Number: 1193097 Registered Address: Unit 6, Dunchideock Barton, Dunchideock, EX2 9UA Status: St Basil’s Church, Devon, operates as a Charitable Incorporated Organisation (CIO) Members of the CIO: Callum Campbell – Chair of Trustees The Revd. Pete Hughes – Trustee Lois Tackie-Oblie – Trustee Gemma Hall - Trustee Peter Stephenson - Trustee Church Leader: The Revd Pete James Bankers: The Co-operative Bank Plc Business Direct P.O. Box 250 Skelmersdale WN8 6WT ## **2. Report of the CIO for the year ended December 2024** The CIO presents its report and financial statements for the year ended 31 December 2024 ## **Governance, Structure and Management** _**Governing Document:**_ The CIO is governed by its constitution, a legal document set out to establish the CIOs purposes and how they will be carried out _**Structure:**_ The CIO operates under a ‘foundation’ model constitution and therefore its only voting members are charity trustees. The trustee will be responsible for making all key decisions in terms of policies, employment of staff, finance, legal matters and regulatory compliance. They have delegated responsibility for leadership of the church activities and its daily management to the church leader who is supported by a staff team. Members of the CIO give their time voluntarily and receive no financial benefit from the charity. Management: The members of the CIO (charity trustees) are drawn from the wider Christian community who bring a mix of professional skills such as church growth and management, business management, law and finance. _**Objectives and Activities:**_ St Basil’s is a Church of England Church, operating out of various locations in rural Devon, with a vision of following the way of Jesus and seeking his renewal in the region. 1 ## **Public Benefit** By promoting the Christian faith St Basil’s has provided a benefit to the public in line with the Charity Commission guidance by providing facilities for public worship, pastoral care and spiritual development, both for existing church members and for anyone who wishes to benefit from what the church offers. In addition, we do so by promoting Christian values and service by members of the church in and to their communities, to the benefit of individuals and society as a whole. ## **Activities and Achievements** ## **Public Worship** - We worshipped together on Sundays at Orange Elephant until Easter and after that largely at West Town Farm. These services have thrived in the year and we regularly have 250 people (adults and kids) gathered in worship on a Sunday. - We have also gathered for public worship at our fortnightly prayer night: In Our Time - And we have assisted other parish churches with their Sunday services as well as taking weddings and funerals. - In the Autumn term we began a partnership with the North Dartmoor Mission Community, beginning a monthly informal worship service called “Moor Praise” in collaboration with the church at Chagford. This has seen between 25 and 50 people attend in worship. ## **Community and Pastoral Care** - We ran our annual church weekend away in South Devon “Basbados” again, this year gathering 270 people on site to build community, worship together and baptise four people. - We continued to provide pastoral care through our network of leaders and a specially trained pastoral care team - Our Home Groups pivoted to become “Small Sundays” meeting in different homes while we didnt have a venue for each week. These provided great community and pastoral care with 343 people signed up to them. - We ran pastoral courses this year including: a bereavement course; a marriage course; and a parenting course. - We have run different “young life”groups throughout the year including “Brave Girls” (a discipleship group for school age girls); and “Gather” a discipleship group for our older youth. ## **Mission** - We have continued to support people in desperate financial need in our local community through the Neighbour Fund. We have given out grants to support people to buy groceries, kids clothing, fix cars and purchase mobility scooters. - We have continued to serve within HMP Exeter by leading two different services on the second Sunday of the month and all the fifth Sundays. In addition, we have been visiting prisoners on the wings in their cells and running Bible studies and poetry groups. 2 - Our social enterprise “Holy Fool” has gone from strength to strength and has now run its first training course for prions leavers and those overcoming social difficulties. We provide hard skill and soft skill training, real life work experience and mentoring in the hope to play our part in breaking cycles of poverty and marginalisation. - Our Community Freezer continued to bless people in financial difficulty, and life crises by providing home made meals in times of difficulty. - Our Youth Pastor continued to serve the work of the YMCA with a morning each week spent building relationships with the young people there. - We continued to partner with national Christian children’s charity, TLG that helps churches work to bring hope and a brighter future to children who are struggling. As a church we run this early intervention programme in Dunsford Primary School and St Peter’s Secondary School. We now have 5 trained coaches within these schools: one coach, one child, one hour a week. - We have offered bereavement courses, marriage courses and parenting courses to people in the wider community struggling in each of those areas. - We have partnered financially with some causes throughout the year including: Devon Dig and Donate who we supported to build wheelchair accessible raise beds for growing vegetables to be later donated to Exeter Food Action; Co-Create; Tree of Life in Manenberg, SA to support their work with the gang community; International Justice Mission to support their anti-trafficking work; and St Petrocks who support the homeless community in Exeter. ## **Finance** - Total receipts were £259,670 (£259,466 2023) - Total receipts consisted of voluntary giving £194,973 (£200,639 2023), Gift Aid recovered of £45,181 (£44,229 2023), and other income of £19,516 (£14,598 2023) - Planned regular giving increased by 6% in 2024 with givers increasing from 120 in January 2024 to 139 in December 2024 - Expenditure in 2024 increased to £330,534 (£286,664 2023) - Total Net Assets at 31[st] December 2024 was £214,481 (£285,705 2023) of which £1,087 (£1,638 2023) was restricted. There was £196,743 (£248,273 2023) cash in the bank. ## **Reserves Policy** - The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be in the range of 3-12 months of the resources expected. At the end of 2024 the total free reserves were £191,270 (£249,953 2023) Signed on behalf of the board of trustees on ……………………………… 28 October 2025 ……………………………………. ………………………….. 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST BASIL'S CHURCH, DEVON I report to the trustees on my examination of the accounts of St 8asil's Church, Devon for the year ended 31 December 2024 set out on pages S to 13. RESPONSIBILITIES AND 8ASIS OF REPORT As the trustees of the charitv vou are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 Ithe '2011 Act'l. I report in respect of my examination of your charit¢s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions gSven by the Charlty Commission under section 1451511bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Slnce the charlty'5 gr055 Income exceeded £250,000 your examlner must be a member of 3 body listed In sectlon 145 of the 2011 Act. I conflrm that l am qualified to undertake the examination because l am a member of the Instltute Of Chartered Accountants in England and Wales, which is one I have completed my examination. I confirm that no matters have come to my attentlon In connection with the examination 8lvln8 me cause to believe: 11 accounting records were not kept in respert of the charity as requlred by sectlon 130 of the Act,. or 21 the accounts do not accord wlth those a¢¢ountlng records; or 31 the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out in the Charitles (Accounts and Reports) Regulatlons 21M other than any requirement that the accounts 8ive a 'true and fair vlew which Is not a matter consldered as part of an Independent examlnatlon. I have no contern5 and have come across no other matters in connectlon wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C J Goodhead FCA KnSght Goodhead Limited Chartered Accountants 7 Bournemouth Road Chandler's Ford, Eastlei8h Hampshire 5053 3DA ## **ST BASIL'S CHURCH, DEVON** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024** |**For the year ended 31 December 2024**
**Note**
**INCOME FROM:**
Voluntary Income
Church Activities
Other Income
**TOTAL INCOME**
**2**
**EXPENDITURE ON:**
Charitable Activites
Governance Costs
**TOTAL EXPENDITURE**
**2**
**NET EXPENDITURE BEFORE TRANSFER OF FUNDS**
Gross transfer in funds
**NET MOVEMENT IN FUNDS**
Balances brought forward at 1 January 2024
**BALANCES CARRIED FORWARD AT 31 DECEMBER 2024**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**TOTAL FUNDS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**TOTAL**
**FUNDS**
**£**
**£**
**£**
**£**
**£**
**£**
234,298
5,856
240,154
227,401
18,627
246,028
11,691
791
12,482
9,332
-
9,332
7,034
-
7,034
4,106
-
4,106
**253,023**
**6,647**
**259,670**
**240,839**
**18,627**
**259,466**
319,901
7,198
327,099
261,290
22,940
284,230
3,435
-
3,435
2,434
-
2,434
**323,336**
**7,198**
**330,534**
**263,724**
**22,940**
**286,664**
**(70,313) (551) (70,864) (22,885) (4,313) (27,198)**
-
-
-
-
-
-
**(70,313)**
**(551)**
**(70,864)**
**(22,885)**
**(4,313)**
**(27,198)**
284,067
1,638
285,705
306,952
5,951
312,903
**213,754**
**1,087**
**214,841**
**284,067**
**1,638**
**285,705**
**Statement of Financial Activity**
**2024**
**2023**| |---|---| 5 ## **ST BASIL'S CHURCH, DEVON BALANCE SHEET AT 31 DECEMBER 2024** |**Note**
**FIXED ASSETS**
Coffee Equipment
PA/AV Equipment
Mini Bus
Orange Elephant
5
**Current Assets**
Cash at Bank and in hand
Debtors
6
**LIABILITIES**
Account Payable
Accruals
Payroll Payable
**Total Creditors due within one year**
7
**NET CURRENT ASSETS**
**NET ASSETS**
**RESERVES**
Excess/ (deficit) to date
Starting Balances
**FUNDS**
10
Unrestricted
Restricted|**2024**
**2023**
**£**
**£**
565
5,384
2,821
2,839
3,871
6,604
15,227
19,287
**22,484**
**34,114**
196,743
248,273
7,301
8,310
**204,044**
**256,583**
7,314
1,542
1,800
3,200
2,573
250
**(11,687)**
**(4,992)**
192,357
251,591
214,841
285,705
(70,864)
(27,198)
285,705
312,903
**214,841**
**285,705**
213,754
284,067
1,087
1,638
**214,841**
**285,705**| |---|---| > Approved by the Trustees on: _28th October 2025_ and signed on its behalf by: Pete James Incumbant Callum Cambell Chair of Trustees The notes on pages 7 to 13 form part of these financial statements 6 **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared in accordance with the Church Accounting Regulations 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 2015. The Charity 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). ## **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 Charity. 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 Charity are accounted for as soon as the Charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the Charity is probable. Sales of books and magazines from the church bookstall are accounted for gross. ## _Other income_ Rental income from the letting of church premises is recognised when the rental is due. ## _Income from investments_ Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. ## _Gains and losses on investments_ Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. ## _Grants_ Grants and donations are accounted for when paid over, or when awarded. ## **Expenditure** ## _Church activities_ The diocesan Common Fund is accounted for when paid. Any Common Fund unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Expenditure incurred in the operation of the church is classed as charitable activities. 7 **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1 ACCOUNTING POLICIES (continued)** ## **Fixed assets** _Fixed assets used by the Charity_ In the absence of an actual cost, the insurance valuation has been used as the deemed cost for operational assets, with no depreciation charge being made during the year due to the long life of the asset and regular maintenance. ## _Consecrated property and moveable church furnishings_ Consecrated and beneficed property of any kind is excluded from the accounts by s.10 of the Charities Act 2011. _Other fixtures, fittings, office equipment and motor vehicles_ Only items of greater than £1,000 are capitalised. Church worship equipment comprises a number of electrical and other items connected with sound, vision and worship. They will be depreciated over three years from date of first use. Computer and office equipment, furnishings and motor vehicles are depreciated over three to five years from date of first use. ## **Investments** Investments are stated at market value at 31 December. 8 ## **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** **----- Start of picture text -----**
2. Financial Statement 2024 2023
Unrestricted Restricted Total Unrestricted Restricted Total
Donation £ £ £ £ £ £
Collections - GASDS 242 298 540 - - -
Gift Aid 44,796 385 45,181 41,357 2,872 44,229
One off gifts - Gift Aided 4,907 210 5,117 6,649 13,293 19,942
-
One off gifts - Not Gift Aided 2,354 2,354 6,068 1,927 7,995
Planned giving - Gift Aided 172,313 963 173,276 159,585 486 160,071
Planned giving - Not Gift Aided 9,686 150 9,836 12,582 49 12,631
- - - -
Donations from other Organizations 3,850 3,850
Total Donation 234,298 5,856 240,154 226,241 18,627 244,868
Grants
One off Grants - - - 1,160 - 1,160
Total Grants - - - 1,160 - 1,160
Church Activities
Events 7,170 - 7,170 4,398 - 4,398
- -
Holy Fool 4,094 4,094 4,140 4,140
Production sales - - - 599 - 599
Sale of Products 427 791 1,218 195 - 195
Total Church Activities 11,691 791 12,482 9,332 - 9,332
Other Income
Bank interest 7,034 - 7,034 4,106 - 4,106
Total Other Income 7,034 - 7,034 4,106 - 4,106
Total Income 253,023 6,647 259,670 240,839 18,627 259,466
Presence and Formation
Pattern Groups 275 - 275 - - -
Prayer 612 - 612 378 - 378
Prayer Hut 262 - 262 112 - 112
- -
Worship 1,120 1,120 1,423 1,423
Total Presence and Formation 2,269 - 2,269 1,913 - 1,913
Community
Events 13,251 - 13,251 13,890 - 13,890
Homes 430 - 430 118 - 118
Festival services 4,519 - 4,519 3,940 - 3,940
- -
Sundays Services 2,741 2,741 1,638 1,638
Kids 5,634 - 5,634 5,291 - 5,291
Youth 2,244 - 2,244 920 - 920
Newcomers 140 - 140 113 - 113
Pastoral 2,070 - 2,070 1,837 - 1,837
TLG 900 - 900 900 - 900
Women and Men Ministry 60 - 60 422 - 422
- -
Total Community 31,989 31,989 29,069 29,069
Imaginative Mission
Common Fund 4,800 - 4,800 3,600 - 3,600
-
Holy Fool Coffee 4,073 3,500 7,573 7,204 7,204
Inlanders 3,034 - 3,034 2,486 50 2,536
Mission Pot 5,460 - 5,460 229 12,500 12,729
Neighbour Fund EXP - 3,698 3,698 300 7,746 8,046
Prison Ministry 687 - 687 632 - 632
Redemptive Enterprise 406 - 406 - - -
- - - -
Young People 1,374 1,374
Total Imaginative Mission 19,834 7,198 27,032 14,451 20,296 34,747
**----- End of picture text -----**
9 ## **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **2. Financial Statement (continued)** |**Operations**||||||| |---|---|---|---|---|---|---| |Cleaning|580|-|580|1,872|-|1,872| |Clergy expense|557|-|557|543|-|543| |Depreciation expense|12,779|-|12,779|8,841|-|8,841| |Guest Expenses|493|-|493|1,582|2,644|4,226| |Health and Safety|552|-|552|1,625|-|1,625| |Insurance|1,887|-|1,887|1,401|-|1,401| |IT|1,018|-|1,018|1,886|-|1,886| |Maintinance|1,613|-|1,613|-|-|-| |Media|8,314|-|8,314|6,359|-|6,359| |Music and Production|582|-|582|5,401|-|5,401| |Office Management|908|-|908|2,315|-|2,315| |Publishing Internal|1,582|-|1,582|2,102|-|2,102| |Rent (Office)|12,311|-|12,311|-|-|-| |Rent (Sunday)|12,049|-|12,049|-|-|-| |Shared Consumables|2,544|-|2,544|4,295|-|4,295| |Shared Equipment|2,445|-|2,445|4,220|-|4,220| |Staff Training|25|-|25|114|-|114| |Staff Well Being|3,170|-|3,170|2,564|-|2,564| |Travel|1,484|-|1,484|2,795|-|2,795| |Utilities|3,821|-|3,821|3,617|-|3,617| |Vehicles|1,664|-|1,664|-|-|-| |**Total Operations**|**70,378**|**-**|**70,378**|**51,532**|**2,644**|**54,176**| |**Staff**
Staff costs
Subcontractor costs|180,454
6,370|-|180,454
6,370|151,866
602|-
-|151,866
602| |**Total Staff**|**186,824**|**-**|**186,824**|**152,468**|**-**|**152,468**| |**Governance**
Accounting
Legal Costs
Payroll
Trustee expenses|1,990
350
270
825|-
-
-
-|1,990
350
270
825|1,500
298
270
366|-
-
-
-|1,500
298
270
366| |**Total Governance**|**3,435**|**-**|**3,435**|**2,434**|**-**|**2,434**| |**Buildings**
Building Works
Fees
Site Works|-
1,878
6,729|-
-
-|-
1,878
6,729|50
300
11,507|-
-
-|50
300
11,507| |**Total Buildings**|**8,607**|**-**|**8,607**|**11,857**|**-**|**11,857**| |||||||| |**Total Operating Expenses**|**323,336**|**7,198**|**330,534**|**263,724**|**22,940**|**286,664**| 10 ## **ST BASIL'S CHURCH, DEVON** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** |**3. STAFF COSTS**
Wages and salaries (incl PAYE)
Social security costs
Pension costs
Average number of employees
FTE staff employed|**2024**
**2023**
**£**
**£**
170,759
148,193
3,490
361
6,205
3,914
**180,454**
**152,468**
**2024**
**2023**
9
9
4.8
4.5| |---|---| No staff member was paid over £60,000 in 2024 or 2023. During the year, key management personnel were paid £34,615 (2023: £32,907). ## **4. Missional Giving** |Congregation in Need
Co Create Exeter
Diocese of Exeter
Devon Dig & Donate
Farming Communittee
IJM
Tree of Life
St Peterocks
Tedburn Methodist
**Total**
**Grant Recipient**|3,698
8,046
-
12,500
4,800
3,600
1,000
-
200
-
168
-
2,200
-
500
-
180
-
**12,746**
**24,146**
**2024**
**£**
**2023**
**£**| |---|---| ## **5. Fixed Assets** |**Cost At 1 January 2024**
Additions during year
Disposals during year
At 31 December 2024
**Depreciation At 1 January 2024**
Charge for the year
Disposals during year
At 31 December 2024
**Net Book Value At 1 January 2024**
**At 31 December 2024**|**Coffee**
**PA/AV**
**Orange**
**Mini Bus**
**Total**
**Equipment**
**Equipment**
**Elephant**
**£**
**£**
**£**
14,958
5,971
20,302
8,200
49,431
-
1,149
-
1,149
-
-
-
**14,958**
**7,120**
**20,302**
**8,200**
**50,580**
(9,574)
(3,132)
(1,015)
(1,596)
(15,317)
(4,819)
(1,167)
(4,060)
(2,733)
(12,779)
-
-
-
**(14,393)**
**(4,299)**
**(5,075)**
**(4,329)**
**(28,096)**
5,384
2,839
19,287
6,604
34,114
**565**
**2,821**
**15,227**
**3,871**
**22,484**| |---|---| 11 ## **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. Debtors** **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Giving and Gift aid Receivable|3,964|8,169| |Other Debtors|378|141| |-| |Prepayments|2,959| |Total Debtors|7,301|8,310| |7. Creditors (amounts falling due less than one year)| |2024|2023| |£|£| |Trade Creditors|7,314|1,542| |Accurals|1,800|3,200| |Payroll Payable|2,573|250| |Total Current Liabilities|11,687|4,992| **----- End of picture text -----**
## **8. Contingent Liabilities** There were no contingent liabilities at the end of 31st December 2024. (2023: None) ## **9. Related Party Transactions** During the year, one trustee was reimbursed travel expenses of £142 (2023: £Nil) and five trustees were provided gifts worth a total of £475 (£Nil). ## **10. Restricted Funds** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |2024| |Opening Balance|Income|Expenditure|Transfers|Closing Balance| |£|£|£|£|£| |-| |Neighbour Fund|1,638|3,147|(3,698)|1,087| |-|-|-| |Holy Fool|3,500|(3,500)| |Total Restricted funds|1,638|6,647|(7,198)|-|1,087| |2023| |Opening Balance|Income|Expenditure|Transfers|Closing Balance| |£|£|£|£|£| |-| |Neighbour Fund|5,901|3,483|(7,746)|1,638| |Surf Club|50|-|(50)|-|-| |Mustard Fund|-|12,500|(12,500)|-|-| |Ursull Gift|-|2,644|(2,644)|-|-| |Total Restricted funds|5,951|18,627|(22,940)|-|1,638| **----- End of picture text -----**
## **Description of Funds** **Neighbour Fund** The Neighbour Fund is a community-fundraised pot of money from which grants can be made to local people driven into a vulnerable financial position by difficult circumstances. **Holy Fool** **Mustard Fund Ursull Gift** Holy Fool is a redemptive enterprise to help break cycles of marginalisation and poverty through providing training for prison leavers and those overcoming social difficulties. A fund to help start new redemptive enterprises. A fund that was used to track a thank you gift as St Basils left Windout Farm. 12 ## **ST BASIL'S CHURCH, DEVON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** |**11. ANALYSIS OF NET ASSETS BY FUND**
Current Assets
Fixed Assets
Total Assets
Current Liabilities
Current Assets
Fixed Assets
Total Assets
Current Liabilities|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**TOTAL FUNDS**
202,957
1,087
204,044
22,484
-
22,484
225,441
1,087
226,528
(11,687)
-
(11,687)
213,754
1,087
214,841
**Unrestricted**
**Restricted**
**TOTAL FUNDS**
254,945
1,638
256,583
34,114
-
34,114
289,059
1,638
290,697
(4,992)
-
(4,992)
284,067
1,638
285,705
**2024**
**2023**| |---|---| 13