**St Gregory’s Church** Charitable incorporated organisation
## Trustee Report and Unaudited Financial Statements
## For the year ended 31 December 2024
Charity Number 1201125
## **St Gregory’s Church**
|**Contents Page**||
|---|---|
|Legal and administrative information|3|
|Report of the Trustees|4 - 9|
|Independent Examiners Report|10|
|Statement of Financial Activities||
|(including Income & Expenditure Account)|11|
|Balance Sheet|12|
|Notes to the Financial Statements|13- 18|
Page 2
## **St Gregory’s Church**
## **Legal and administrative information**
## **Status:**
St Gregory’s Church is a charitable incorporated organisation (CIO) registered with the Charity Commission on 23 November 2022.
## **The Trustees:**
Richard Spens (Chair) Michael Horne Oluwadamilola Makinde Rev Jonathan Soper Peter Hodson (appointed 26 Oct 2024) Rev Anna Hyde (appointed 26 Oct 2024) **Charity Number** 1201125 **Registered Office** 22 Stret Myghtern Arthur Newquay TR8 4GJ **Church Leaders (responsible** Revd. Anna Hyde. **for leadership of the church’s activities) Bankers** The Co-operative Bank PLC PO Box 101 1 Balloon Street Manchester M60 4EP **Independent Examiner & Auditors** Chris Goodhead FCA Knight Goodhead Ltd 7 Bournemouth Road Chandler’s Ford Hampshire SO53 3DA
Page 3
**St Gregory’s Church**
## **Report of the Trustees for the year ended 31 December 2024**
The Trustees presents their report and the 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 receives 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.
## **Risk Management:**
The members conduct an annual review of the major risks to which the charity is exposed, and systems are established or revised to mitigate those risks.
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 two Safeguarding Officers and a Safeguarding Policy. The company also has a data protection policy (recently to reflect GDPR regulations).
## **Objectives and Activities**
St Gregory’s is an Anglican church with a vision to wholeheartedly follow Jesus and serve him in Cornwall and beyond. Our desire is to develop disciples who live in and live out the story of God, following the way of Jesus with a redemptive vision to serve God locally as well as across the region in their workplace, schools and neighbourhoods.
The Object of the CIO is the advancement of the Christian faith in accordance with the rites and ceremonies of the Church of England for the public benefit in particular within (but not limited to) the Diocese of Truro in particular by, (but not limited to) establishing a new worshipping community.
Page 4
**St Gregory’s Church**
## **Public Benefit**
Our activities are publicised on our website www.stgregorys.uk. The Charity benefits the general public in provision of the following:
- Public services of worship (including prayer meetings);
- Public celebrations of the Christian Festivals;
- Religious teaching to enlighten the public about the Christian Faith whether by lecture, production of literature, evangelistic events or Christian conferences;
- Community groups based around location or activities.
- Guided activities youth and children.
## **Achievements and Performance**
## **Presence**
Our Sunday gatherings have been very special times of teaching, worship, prayer ministry, and community throughout the year. Since the launch at the end of March 2023, we have gathered at 4:30 p.m. on Sundays at Bishops School. From September 2024, we moved to two gatherings at 4:00 p.m. and 6:00 p.m. Attendance has varied between 40–160, with approximately 20 under 18s. We’ve shared sweet treats, hot drinks, and warm welcomes, sung songs of praise for all ages, and been built up by teaching series from _Parables_ to _The Creed_ .
Twice a term, we meet at St Columb Minor Church for an All-In Gathering, where both the 4:00 p.m. and 6:00 p.m. congregations come together.
In September 2024, we baptised four people—two young people and two adults—down at Holywell Bay Beach, with a wonderful celebration at Crantock Parish Church beforehand.
We have loved making space for extended, uninterrupted times of worship at _Seek First_ , our monthly night of worship and intercession. We’ve been blessed to gather in different churches across Newquay, including St Michael’s, St Colan, and St Columb Minor. We believe God is doing something new and powerful among us as we worship, and we look forward to pursuing His presence together in the year ahead. Under the leadership of our Worship Pastor, the worship team comprises six people.
## **Formation**
Following Jesus and becoming like Him is central to our vision. We encourage everyone to engage in practices that give shared shape to our lives—daily, weekly, and monthly rhythms that help us grow toward Jesus by being with Him, becoming like Him, and doing what He did.
We’ve drawn inspiration from Celtic communities who embraced a shared ‘Rule of Life’—like a trellis, a structure that helped them grow in the right direction; a set of practices and rhythms to move them toward Jesus and live as free people.
_Rhythms_ is a tool we've begun to develop for groups of 3–4 people to meet regularly and contend for life patterns that help each other be with Jesus, become like Him, and do the things He did. These groups are designed to be safe enough to heal and challenging enough to grow—vehicles
Page 5
## **St Gregory’s Church**
for genuine transformation. Members share stories, adopt new rhythms, and pray for one another fortnightly, or as often as suits them.
_Hubs_ are our midweek gatherings where we form community. They’re a lot of fun and a great way to build relationships and invite others into community life. Hubs run on a termly rhythm— acknowledging that in Cornwall, there are things we can do in summer that we can’t in winter. Some— _Local Hubs_ —meet in homes to love and serve their neighbourhoods. Others— _Activity Hubs_ —gather around a shared interest. And _Course Hubs_ go on a learning journey together. Hubs are a great way to connect and welcome new people.
In September 2024, we welcomed two ordinands—one from St Mellitus South-West, and another taking the pioneering route, training through CMS.
## **Family**
We are passionate about children meeting Jesus—and having lots of fun! It’s been exciting to see more families joining in games, discussions, and activities over the last year. We’ve explored a range of topics, from discovering the character of Jesus to meeting different people in the Bible.
In October 2024, we held our Jungle-themed Light Party for children from Reception to Year 6 at Crantock Village Church. It was amazing to see kids inviting their friends. This is alongside a new regular event for this age group called _Muddy Church_ , which launched in 2024. These gatherings feature crafts, fun activities, and plenty of tasty treats! We've met on the beach, done nature trails and scavenger hunts, and learned about God’s creation and how Jesus brings new life to all. These are beautiful spaces for families to connect and grow together.
St Gregory's Youth aims to be a community of young people who love God, love each other, and love the places we're in—and have lots of fun doing it! We run sessions for younger youth (Years 7–9) on Sundays, and for older youth (Years 9–13) on Tuesday evenings. It’s been wonderful to see the youth group grow—not only in size, but also in leadership and togetherness. We've attended _Glow_ gatherings hosted by Creation Fest at Engine House Church in Redruth— amazing times to worship with youth from across Cornwall. Occasionally, both age groups come together for big socials!
We’ve continued engaging with Nansledan and Bishops Primary Schools, leading sports clubs and whole-school assemblies at Nansledan. We’re excited to deepen these partnerships and see them as key opportunities to serve our local community. The church leader also continues to serve as a governor at The Bishops’ Academy School in Newquay.
In September 2024, our Kids and Youth Leader launched _Sandy Toes_ , a weekly toddler group meeting every Wednesday morning during term time at Saltd Café in Newquay. It’s been amazing to see babies and toddlers (0–4 years) having fun with their parents and carers— playing, making, and singing their favourite songs!
Page 6
## **St Gregory’s Church**
## **Mission**
We ran our first _When Dreams Change_ course in the autumn. This four-week course helps parents and carers reflect on their experience of raising a child with additional needs and supports them in becoming more of who they were created to be. We were thrilled that Lex and Emma, two passionate parents from St Gregory’s, led the course.
St Gregory’s has also partnered with the Deanery to employ a CAP Debt Centre Manager. She began training in November 2024, with the centre due to launch in January 2025.
## **Future strategy and plans:**
The future direction of St Gregory’s Church is shaped by the Bishop’s Mission Order, signed in 2023, and focused on the Pydar Deanery. A key priority for 2025 is launching the CAP Centre— establishing it as sustainable and responsive to community needs. We also aim to deepen our work with young families and strengthen school engagement.
Starting in July 2025, we’ll introduce _Scatter Sundays_ each term—days where we’ll go out into the community to serve and love our area. And in Autumn 2025, we’ll run another Alpha course, with the hope of making it a regular part of our rhythm.
## **Financial Review**
The income for the period amounted to £317,911 (2023: £266,474). Most of the income is from gifts from church members, supporters and associated gift aid receipts. There was a significant amount of grant funding totalling £96,490 (2023: £92,830), more about this below. Expenditure for the year totals £155,381 (2023: £159,626) resulting in a surplus for the year of £162,530 (2023: £106,848). Total funds at the year-end totalled £269,378 (2023: £106,848).
The grant funding came from three separate grants from two different Diocese funds as follows:
|**Fund Name**|**Amount**|**Restricted Purpose**|
|---|---|---|
|Lowest Income Communities Fund
(LICF)|£25,000|The Grant shall be used by St.Gregory’s to
fund the NewquayDebt Center|
|Lowest Income Communities Fund
(LICF)|£42,890|The Grant shall be used by St Gregory’s for
the deliveryof itspart in the DeaneryPlan.|
|On The Way Mission Funding (MF)|£28,600|The Grant shall be used by St Gregory’s for
the deliveryof itspart in the DeaneryPlan.|
There are two grants from LICF which are both recognised as (restricted) income. The first of £25,000 is to be used by the Newquay Debt Centre and the second of £42,890 to be used to fund the delivery of St Gregory’s part in the Deanery Plan. This income is set off by the Diocese against unrelated restricted expenditure of £45,070 which is due to them as a contribution to the Church Leader’s costs. The LICF income reduces over 6 years to zero
Page 7
## **St Gregory’s Church**
The MF income is paid directly to the church accounts and is used to cover the cost of the Childrens and Youth Pastor as well as some small operational expenses.
## **Giving policy:**
The church’s policy is to give away at least 10% of unrestricted giving income to partner organisations whose purpose is in line with the church’s own charitable objectives. Giving has been in furtherance of the Christian faith and the relief of poverty and hardship.
The funds to be given away from 2024 were set aside as the Mission Giving designated fund with the intention for these to be distributed during 2025.
## **Investment policy:**
The Charity periodically reviews its investment policy. Our investments are currently held in a CCLA Church of England Deposit fund account.
## **Reserves Policy:**
The Charity has 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 months of the resources expected to be expended; this equates to approximately £19,600 in general funds. At this level, the Trustees feel that it 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. At present the unrestricted free reserves amount to £230,674 which is above the minimum of £19,600.
Page 8
## **Independent Examiners Report**
## **To The Trustees On The Unaudited Accounts Of St Gregory's Church, Newquay**
I report to the trustees on my examination of the accounts of St Gregory's Church for the year ended 31 December 2024.
## _**Responsibilities and basis of report**_
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## _**Independent examiner's statement**_
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1) accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
- 2) the accounts do not accord with those records; or
- 3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## 27/10/2025
C J Goodhead FCA 7 Bournemouth Road Knight Goodhead Ltd Chandler’s Ford, Eastleigh Chartered Accountants Hampshire, SO53 3DA
Page 10
**St Gregory's Church, Newquay Statement of Financial Activities For the year ended 31 December 2024**
|**Note**
Donations and Legacies
Grants
Church Activities
Other
Assets gifted from KXC
**TOTAL INCOME**
**2**
**EXPENDITURE ON:**
Charitable Activities
Governance Costs
**TOTAL EXPENDITURE**
**3**
**NET MOVEMENT IN FUNDS**
Balances brought forward at 1 January 2024
**BALANCES CARRIED FORWARD AT 31 DECEMBER 2024**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**TOTAL FUNDS**
**Unrestricte**
**d Funds**
**Restricted**
**Funds**
**TOTAL**
**FUNDS**
**£**
**£**
**£**
**£**
**£**
**£**
211 230
-
211 230
75 741
-
75 741
-
96 490
96 490
-
92 830
92 830
1 209
-
1 209
-
-
-
8 983
-
8 983
236
-
236
-
-
-
97 667
-
97 667
**2024**
**2023**|
|---|---|
||**221 421**
**96 490**
**317 911**
**173 644**
**92 830**
**266 474**|
||74 782
77 089
151 872
66 673
90 650
157 323
3 509
-
3 509
2 303
-
2 303|
||**78 292**
**77 089**
**155 381**
**68 976**
**90 650**
**159 626**|
|||
||**143 129**
**19 401**
**162 530**
**104 668**
**2 180**
**106 848**|
||104 668
2 180
106 848
-
-
-|
||**247 797**
**21 581**
**269 378**
**104 668**
**2 180**
**106 848**|
Page 11
||2024|2023|
|---|---|---|
|**Note**|£|£|
||1448|560|
||1167|1939|
||327|607|
|6|2942|3106|
||277660|106404|
|7|3956|3337|
||**281615**|**109741**|
|8|hs11aJ|ls991J|
||266437|103744|
||269378|**106848**|
||162530|106848|
||106848|0|
||**269378**|**106848**|
|12|247797|104668|
|10|21581|2180|
||**269378**|**106848**|
**St Gregory's Church, Newquay Notes to the Financial Statements 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2015.
The Trustees 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 Trustees. Restricted funds are those donated for specific purposes.
## **Income**
## _Voluntary income and capital sources_
Donations and other income are recognised when received and, where applicable, an estimate of income tax recoverable is recognised when the related donations are recognised.
## _Rental Income_
Rental income from the letting of church premises is recognised when the rental is due.
## _Grants_
Grants and donations are accounted for when paid over, or when awarded.
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 PCC is probable.
## _Church Activities Income_
Income from church activities is recognised when the date of the event takes place.
Page 13
**St Gregory's Church, Newquay Notes to the Financial Statements For the year ended 31 December 2024**
## **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.
Governance costs is classed as what is needed to keep good governance of the Trustees.
## **Fixed assets**
## _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.
All expenditure incurred in the year on consecrated or beneficed buildings written off.
## _Other fixtures, fittings and office equipment_
Only items of greater than £500 are capitalised.
All capitalised items will be straight line depreciated over 3 full years.
## **Current assets**
Amounts owing to the Charity at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
## **Financial instrument**
The charitable company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash at bank and creditors. These basic financial instruments are initially measured at transaction price and are subsequently carried at amoitised cost using the effective interest method. Financial assets and liabilities classified as due within one year are not amortised.
Page 14
**St Gregory's Church, Newquay Notes to the accounts For the year ended 31 December 2024**
|**2. Income**
Unrestricted Restricted
Total
**Donation**
£
£
£
Collections - GASDS
757
-
757
Gift Aid
41 639
-
41 639
One off gifts - Gift Aided
102 475
-
102 475
One off gifts - Not Gift Aided
487
-
487
Planned giving - Gift Aided
56 668
-
56 668
Plannedgiving- Not Gift Aided
9 204
-
9 204
**Total Donation**
**211 230**
**-**
**211 230**
**Grants**
Grants
-
96 490
96 490
**Total Grants**
**-**
**96 490**
**96 490**
**Church Activites**
Events
1 209
-
1 209
**Total Grants**
**1 209**
**-**
**1 209**
**Other Income**
Bank interest
8 983
-
8 983
**Total Other Income**
**8 983**
**-**
**8 983**
**Assets gifted from KXC**
Assetsgifted
-
-
-
**Total Grants**
**-**
**-**
**-**
**Total Income**
**221 421**
**96 490**
**317 911**
**2024**|Unrestricted Restricted
Total
£
£
£
609
-
609
12 811
-
12 811
12 875
-
12 875
10 603
-
10 603
34 742
-
34 742
4 100
-
4 100
**2023**|
|---|---|
||**75 741**
**-**
**75 741**|
||-
92 830
92 830|
||**-**
**92 830**
**92 830**|
||-
-
-|
||**-**
**-**
**-**|
||236
-
236|
||**236**
**-**
**236**|
||97 667
-
97 667|
||**97 667**
**-**
**97 667**|
|||
||**173 644**
**92 830**
**266 474**|
Page 15
**St Gregory's Church, Newquay Notes to the accounts For the year ended 31 December 2024**
|**3. Expenditure**
Unrestricted Restricted
Total
£
£
£
**Worship**
Christmas
1 560
-
1 560
Depreciation on PA/AV Equipment
771
-
771
Easter
78
-
78
Festival services
270
-
270
PA and AV
1 680
-
1 680
Prayer
106
-
106
Preaching and Teaching
183
-
183
Sundays Content
995
-
995
Worship
131
-
131
**Total Worship**
**5 775**
**-**
**5 775**
**Community**
Events
2 342
-
2 342
Kids
1 883
-
1 883
Pastoral
217
-
217
Rhythms
124
-
124
TABLE
592
-
592
Toddlers
171
-
171
Wild Fires
-
-
-
Youth (Mid-week)
1 098
-
1 098
Youth(Sundays)
531
-
531
**Total Community**
**6 959**
**-**
**6 959**
**Mission**
Alpha
-
-
-
CAP
-
809
809
Evangelism
50
-
50
Grants and GivingAway
2 050
-
2 050
**Total Mission**
**2 100**
**809**
**2 909**
**Operations**
Centralised Resources
45
-
45
Communication & Media
527
-
527
Depreciation on IT
280
-
280
Depreciation on Fixed Assets
362
-
362
Finances
504
-
504
Graphic Design
-
-
-
Hospitality
78
-
78
Insurance
276
-
276
IT
1 672
-
1 672
Office equipment
163
-
163
Office Management
270
-
270
Office Supplies
334
-
334
Recruitment
340
-
340
Repairs and Maintenance
9
-
9
Rent
2 600
-
2 600
Shared Consumables
314
-
314
Shared Equipment
406
-
406
Staff Hospitality
105
-
105
Staff Training
891
-
891
Staff Well Being and Retreats
431
-
431
Travel
533
-
533
Volunteer Support
513
-
513
**Total Operations**
**10 653**
**-**
**10 653**
**Staff**
CAP Manager
-
2 610
2 610
Children and Youth Pastor
5 673
28 600
34 273
Finance Manager
4 720
-
4 720
Vicar (Anna)
10 025
45 070
55 095
Worshipand Events Leader
28 878
-
28 878
**Total Staff**
**49 297**
**76 280**
**125 577**
**Governance**
Accounting
2 240
-
2 240
Bank Charge
18
-
18
Payroll
540
-
540
PCC & trustee expenses
711
-
711
**Total Governance**
**3 509**
**-**
**3 509**
**Total Expenditure**
**78 292**
**77 089**
**155 381**
**2024**|Unrestricted Restricted
Total
£
£
£
1 175
-
1 175
375
-
375
247
-
247
84
-
84
1 224
-
1 224
453
-
453
303
-
303
923
-
923
1 084
-
1 084
**2023**|
|---|---|
||**5 868**
**-**
**5 868**|
||1 714
-
1 714
1 026
-
1 026
163
-
163
21
-
21
1 409
-
1 409
-
-
-
1 064
-
1 064
571
-
571
516
-
516|
||**6 485**
**-**
**6 485**|
||96
-
96
-
-
-
-
-
-
12 240
-
12 240|
||**12 336**
**-**
**12 336**|
||48
-
48
1 815
1 210
3 025
215
-
215
233
-
233
466
-
466
468
-
468
77
-
77
263
-
263
1 390
-
1 390
48
-
48
1 150
-
1 150
10
-
10
525
-
525
88
-
88
770
730
1 500
128
-
128
4 681
147
4 828
16
-
16
2 027
378
2 405
799
-
799
335
-
335
1 275
-
1 275|
||**16 827**
**2 465**
**19 293**|
||-
-
-
-
34 685
34 685
3 150
-
3 150
-
53 500
53 500
22 005
-
22 005|
||**25 155**
**88 185**
**113 340**|
||1 500
-
1 500
78
-
78
-
-
-
725
-
725|
||**2 303**
**-**
**2 303**|
|||
||**68 976**
**90 650**
**159 626**|
In the above transactions £2,000 is the Independent Examiners Fee.
Page 16
**St Gregory's Church, Newquay Notes to the Financial Statements For the year ended 31 December 2024**
|**4. STAFF COSTS**|**2024**||**2023**||
|---|---|---|---|---|
||**£**||**£**||
|Wages and salaries (incl PAYE)||59 999||56 690|
|Social security costs||1 270||4 567|
|Pension costs||4 493||2 529|
|||**65 762**||**63 786**|
||**2024**||**2023**||
|Total amount of staff employed||3||2|
|FTE staff employed||2 1||2 0|
|No staff member was paid over £60,000 in 2024|||||
## **5. Mission Grants**
|**Grant Recipient**|**Grant Amount**|
|---|---|
|CAP|2 000|
|**Total**|**2 000**|
## **6. Fixed Assets**
|**6. Fixed Assets**|**6. 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
**7. Debtors**
**2024**
Giving Owed at year end
2 264
Debtor
714
Prepayments
978
**Total**
**3 956**
**8. Creditors (amounts falling due less than one year)**
**2024**
Accruals
2 000
Creditors
12 180
Deferred Income
998
**Total Current Liabilities**
**15 178**||**Computer / Office**
**PA/AV**
**Other Fixed**
**Total**
**£**
**£**
**£**
775
2 314
840
3 929
1 250
1 250
-
-
-
-|
|||2 025
2 314
840
5 179|
|||(215)
(375)
(233)
(824)
(362)
(771)
(280)
(1 413)
-
-
-
-|
|||(577)
(1 147)
(513)
(2 237)|
|||560
1 939
607
3 105|
|||1 448
1 167
327
2 942|
|||**2023**
1 154
2 182
-
**3 337**
**2023**
1 500
4 497
-
**5 997**|
||**15 178**||
## **9. Related Party Transactions**
During the year 2 of the trustees were reimbursed a total of £337 (2023: 3 trustees reimbursed £534) for travel expenses
17
**St Gregory's Church, Newquay Notes to the Financial Statements**
**For the year ended 31 December 2024**
## **10. Restricted Funds**
|**10. Restricted Funds**|||||||||
|---|---|---|---|---|---|---|---|---|
|**Donor**|**Purpose**|**Opening Balance**
**1.1.2024**|**Income**||**Expenditure**|**Write off to general**
**funds**||**Closing**
**Balance**|
|||||||||**31.12.2024**|
|||**£**|**£**||**£**|**£**||**£**|
|Truro Diocese|CAP|-||25 000|(3 419)||-|21 581|
|Truro Diocese|LICF Funding|2 180||42 890|(45 070)||-|-|
|Truro Diocese|Mission Funding|-||28 600|(28 600)||-|-|
|Total Restricted funds||2 180||96 490|(77 089)||-|21 581|
|**11. Comparative Restricted Funds**|||||||||
|**Donor**|**Purpose**|**Opening Balance**
**1.1.2023**|**Income**||**Expenditure**|**Write off to general**
**funds**||**Closing**
**Balance**|
|||||||||**31.12.2023**|
|||**£**|**£**||**£**|**£**||**£**|
|Truro Diocese|LICF Funding|-||55 680|(53 500)||-|2 180|
|Truro Diocese|Mission Funding|-||37 150|(37 150)||-|-|
|Total Restricted funds||-||92 830|(90 650)||-|2 180|
|**12. Unrestricted Funds**|||||||||
|**Donor**|**Purpose**|**Opening Balance**
**1.1.2024**|**Income**||**Expenditure**|**Transfers**||**Closing**
**Balance**|
|||||||||**31.12.2024**|
|||**£**|**£**||**£**|**£**||**£**|
|Designated Mission Giving fund|Giving to partner
organisations|-||-|(2 000)|19 123||17 123|
|General funds||104 668|221 421||(76 292)|(19|123)|230 674|
|Total Unrestricted funds||104 668|221 421||(78 292)||-|247 797|
There were no designated funds in 2023.
## **13. ANALYSIS OF NET ASSETS BY FUND**
|**13. ANALYSIS OF NET ASSETS BY FUND**||
|---|---|
|**2024**
Fixed Assets
Other Assets
Total Assets
Current Liabilities|**Unrestricted Funds**
**Restricted**
**Funds**
**TOTAL FUNDS**
2 942
-
2 942
260 034
21 581
281 615|
||262 976
21 581
284 557|
||(15 178)
-
(15 178)|
||247 798
21 581
269 378|
18