Holy Trinity Church Cambridge
Annual Report and Financial Statements
of the Parochial Church Council
for the year ended 31 December 2021
The PCC is a charity registered in England and Wales Registered charity number 1128200
Holy Trinity Church, Market Street, Cambridge, CB2 3NZ
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
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ANNUAL REPORT AND FINANCIAL STATEMENTS 2021
HOLY TRINITY TRUSTEES' REPORT
Vicar's Welcome
Welcome to HT Cambridge's 2021 Annual Report. Reviewing the year, much has happened. The beginning of 2021 found us deep in lockdown, not only in the midst of the pandemic but also of an interregnum. The end of 2021 has found us largely exiting social restrictions, able to gather and worship more easily, and with a new Vicar in place – me. Though tough, the year has been full of God's goodness and has ended in a joyful place. As the dust settles what is only now becoming apparent is that by God's grace the family of HT has not only 'held its own' but there are many signs of kingdom growth, both in the depth of our relationships and discipleship, and even numerically in many areas of the church. We continue to navigate the tricky path back from online to in person, but as we have done so we are discovering not only that many have joined us during 2021, but also a new openness to the gospel in Cambridge.
I would like to thank the whole family of HT, as well as the staff, PCC and wardens for their grace, fortitude and perseverance over 2021. Most of all we would like to thank the Lord, who has taught us all many lessons about his faithfulness and laid the groundwork for all he wants to do in years to come – all praise to Him!
Stuart Browning Vicar, Holy Trinity Cambridge
As with all Annual Reports, there is an obligation to disclose our financial results, and to outline some of the more formal governance aspects of how the church operates. However, it is also an opportunity to showcase to you, as readers of this report, how we focus our efforts, finances and ministries to bring the good news to those in Cambridge and beyond.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Role of the PCC
The Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is responsible for the upkeep and development of Holy Trinity Church in Market Street, Cambridge together with the Henry Martyn Hall and the Charles Simeon Centre.
The PCC is a body corporate established by and operating under the Parochial Church Councils (Powers) measure 1956. It is a charity registered with the Charity Commission of England and Wales, registration no. 1128200.
The Council members have pleasure in presenting their report and the financial statements of the charity for the year ended 31 December 2021.
Council Members
The method of appointment of PCC members is set out in the Church representation Rules (2020). At Holy Trinity the membership of the PCC comprises Clergy licensed to the parish, Churchwardens, Treasurer, Deanery Synod lay representatives, and church members (elected by those members of the congregation who are on the electoral roll of the church) and all are Trustees. All members of the church are encouraged to register on the electoral roll in order to be eligible to vote at the Annual Parochial Church Meeting (APCM) and to stand for elected office.
Elected members of the congregation (laity) serving on the PCC hold office from the conclusion of the annual meeting at which they were elected to serve until the conclusion of the third annual meeting thereafter. One third is elected each year.
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ANNUAL REPORT AND FINANCIAL STATEMENTS 2021
Deanery Synod members serve on the PCC until 31 May following the election of their successors. Having served for two successive years Deanery Synod representatives may not serve for the term immediately following the second of those terms. In the eventuality of members of the PCC leaving office mid-term, their place remains vacant until the following APCM. On rare occasions and for a specific purpose a member of the congregation on the electoral roll may be co-opted for one or more meetings. The Operations Director is a non-voting member of the PCC.
The following served for all or part of 2021:
| Vicar | Revd Stuart Browning | Elected PCC members | Term of office dates |
|---|---|---|---|
| (from 18 July 2021) | Karen Goldstone | Until APCM 2022 | |
| Blake Hansen | Until APCM 2022 | ||
| Associate Vicar | Revd Oliver Benyon | Tom Russell | Until APCM 2022 |
| Revd Stuart Browning | Richard Meakin | Until APCM 2023 | |
| (until 18 July 2021) | Rebekah Fairley | Until APCM 2023 | |
| Michael Pollitt | Until APCM 2023 | ||
| Churchwardens | Blake Hansen | Claire McMillan | Until APCM 2023 |
| Tolulope Anifalaje | Fiona Saunderson | Until APCM 2023 | |
| Xanthe Barker | Until APCM 2024 | ||
| PCC Secretary | Karen Goldstone | Anna McDonald | Until APCM 2024 |
| Stephen Rymill | Until APCM 2024 | ||
| Treasurer | Tom Russell | Edwina Swann | Until APCM 2024 |
| Operations Director | Pete Williams | Deanery Synod | |
| Keith Bennett | Until 31 May 2023 | ||
| Peter Key | Until 31 May 2023 | ||
| Peter Sloman | Until 31 May 2023 |
The first six months of 2021 continued to be a period of interregnum with the church being run day to day by the Associate Vicars Revd Oli Benyon and Revd Stuart Browning. Additional support was given by the Rt Revd John Irvine.
The PCC formally met on six occasions during the year in January, February, March, April, May, and November. (A meeting planned for December was postponed until January). Due to the pandemic, except for the November meeting, PCC meetings and the APCM (in May 2021) were held via Zoom. In addition in September the PCC met in person for a half day of envisioning, discussion and prayer. The average attendance at PCC meetings was over 80%. The PCC members are responsible for all matters of general concern and importance to the congregation including agreeing on how the funds of the PCC are to be spent. Given its wide range of responsibilities, the PCC has several Committees and task groups, each responsible for an aspect of church life. These Committees and groups, listed below, are all responsible to the PCC and report back to it regularly with recommendations and formal resolutions that are discussed and acted upon as necessary. All Committees and groups ideally, and ordinarily, contain at least one PCC member, and members of the wider congregation as appropriate.
Committees
Standing Committee – has the power to transact the business of the PCC between its full meetings subject to directions set by the PCC.
Finance Committee – assists the Treasurer in overseeing the financial affairs of the church and to bring to the PCC an annual budget, regular updates on income and expenditure, and any issues that require resolution together with recommendations on possible courses of action.
Missions Committee – encourages each church member to take an active concern in the spread of the gospel both in this country and overseas and manages the mission allocation as set by the PCC. The mission fund income is based on 10% of unrestricted, regular voluntary donations.
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Risk and Governance Group – is responsible for risk management of the church and oversees the governance of working practices including employment matters and compliance with all regulations and legislation.
Appeals Committee – is available to receive appeals as to decisions made by the Risk and Governance Group. The group forms the last stage in the internal escalation process for the procedures set out in the employment policies.
Other less formally constituted teams carry forward the work of the church. These include home groups, work with families, youth work, 20s and 30s, pastoral care, student ministry, worship team and children's church. We run various small groups, which provide a valuable way to build relationships through sharing food (where government regulations for Covid-19 permitted), worship and studying the bible together. Small groups at HT include home groups for the adults, Risky Living groups for undergraduates and Connections for women.
Risk Management
The PCC, advised by the Risk and Governance Group, monitor the major risks to which the church is exposed, which principally relate to the buildings, finance and employment. Assessments have been carried out for all areas of major risk and the management of these risks is documented.
Risk is considered regularly as part of the decision-making process. Insurance policies are in force to cover appropriate risks, for instance, the risk of damage to the buildings and public liability. Formal procedures are in place to control and mitigate major risks.
In 2021, the Risk and Governance Group oversaw the writing of risk assessments for all church activities, with particular attention paid to following Government advice regarding Covid-19 and the precautions recommended to prevent the spread of this disease. This included the ensuring of continued safe working practices for the staff team when they were allowed to work from the HT offices during the early stages of returning back to populated offices.
Safeguarding
In line with the House of Bishops' policy statement on promoting a Safer Church, Holy Trinity is committed to ensuring the care and protection of children, young people and vulnerable adults involved in its activities. Safeguarding is the responsibility of the whole church and everyone who participates in the life of Holy Trinity has a role to play in promoting a safer church for all.
As in previous years, Holy Trinity continues to adopt and implement the safeguarding recommendations, policies and procedures outlined by the Church of England, and our policies and procedures have been significantly updated during 2021. This includes the frequency of DBS updates, an overhaul of safeguarding training that staff and volunteers need to complete, and additions to best practice guidance that now needs to be followed, in particular around data protection.
These changes are all now recorded on the Parish Safeguarding Dashboard, which Holy Trinity adopted in 2020. Holy Trinity continues to maintain a comprehensive level of compliance, however there is now additional work that needs to be done to ensure full compliance with the new standards. This is well underway, and the Diocesan Safeguarding Team continues to be satisfied with our level of compliance.
All safeguarding policies now need to be reviewed yearly. This was carried out for 2021. The policies are:
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Safeguarding
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Responding to Concerns and Allegations
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Recruitment of Ex-Offenders
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Social Media
Across the various sectors in the UK, the number of Logs of Concern has increased dramatically since 2020. Logs received at Holy Trinity have doubled since 2020. No concerns have been raised relating to Holy Trinity itself. People are finding the church to be a safe place and feel comfortable to make disclosures, and the staff team and volunteers are well trained on safeguarding and are picking up concerns and reporting them as they arise.
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Key themes over 2021 are in line with 2020 themes of self-harm, consent, and historical allegations of abuse/harm from years past that have now been disclosed. No Logs of Concern were escalated to the Diocesan Safeguarding Adviser for additional work and support. However, advice from this team was sought on multiple occasions throughout the year.
Holy Trinity remains a vigilant church in terms of safeguarding and we will continue to work towards the highest possible standards in the years to come.
Deanery Synod
Three members of the PCC sit on the Cambridge South Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. The Reverend Rachel Rosborough became the new Rural Dean in May. Elections to General Synod for both Laity and Clergy from Ely Diocese were held in October 2021.
Deanery Synod met twice in 2021, once via Zoom. There were presentations and discussions on the response to the pandemic, the Cambridge Churches Homeless Project, Eco Church initiatives, Living in Love and Faith, and Clergy Wellbeing.
PCC activities in 2021
2021 again proved to be a challenging year for the PCC, with having to work through the Covid-19 pandemic and also meet the challenges of the interregnum continuing until July. Many uncertainties present at the start of the year thankfully reached resolution by the end of the year with the appointment of a new vicar, purchase of a new vicarage and significant quinquennial repairs being completed to the exterior of the church building, including to the roof area.
The PCC received updates on church finances and safeguarding at every meeting. In addition to these standing items, during the course of the year, the PCC:
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Were reminded of their roles and responsibilities as Trustees by means of a short paper highlighting key requirements from relevant Church of England legislation and the Charities Commission.
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Discussed and endorsed the recommendations of the Standing Committee regarding the re-closing of the church due to the pandemic in January and re-opening with Covid-safe procedures in place in March.
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In February 2021, approved the budget for the year.
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Were kept updated about the process of appointment of a new vicar which eventually took place in March 2021, with installation of Revd Stuart Browning in July 2021.
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Worked actively with the Diocese for the sourcing and securing of a new Vicarage. The purchase of a very suitable property being finally completed in March 2021. Special thanks to Bekah Fairley for spearheading this work.
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Discussed the work required following the most recent quinquennial report and agreed the appointment of an architect to oversee, and a contractor to carry out, the works. These commenced in August 2021 and were completed by the end of the year. It was agreed that the work would be funded from existing reserves rather than apply for grants, for which Holy Trinity would be largely unsuitable/ineligible. Special thanks to Karen Goldstone for taking the lead on this project.
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Reviewed and approved three Safeguarding policies and a Social media policy.
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• Discussed and reviewed Risk and Governance policies.
Appointment of a new Vicar
Holy Trinity was in a formal interregnum from September 2020. A parish profile, used for the recruitment of a new Vicar by profiling Holy Trinity as a church along with the Vicar's job description, was compiled in consultation with members of the congregation, PCC, Ely Diocese, staff and church patrons (CPAS and the Dean of Ely Cathedral). It was compiled by a working group consisting of Elizabeth How, Simon George, Edwina Swann, Blake Hansen, Clare Irwin and George Hawker. During the interregnum, the elected church representatives, Edwina Swann and Blake Hansen, along with the Archdeacon of Cambridge and church patrons shortlisted and interviewed candidates for Vicar. After interviews in March 2021 Stuart Browning was appointed as the Vicar designate and was installed formally on 18 July 2021.
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SUNDAY SERVICES
Holy Trinity holds three Sunday services during student term time, all with a welcoming contemporary charismatic style and with communion rotating between them. Kids work runs during the 9.30am, Student Lunch after the 11.30am and Youth Group runs during the 5.30pm. Despite coronavirus, all three services remained well attended and on returning to the building average Sunday attendance at the end of 2021 was around 400 in person (not including children or youth), with another 300 watching online. Sunday attendance is genuinely all-age, with lots of families at the 9.30am and 5.30pm, lots of students at the 11.30am, and the 20s & 30s and older adults attending throughout. Outside of term time the Sunday services consolidate into two: at 10.30am and 5.30pm.
Throughout the year HT has a number of focal Sundays. Highlights include the multiple evangelistic Carol and Nativity services in November and December, termly guest-friendly adult baptism services, annual Commitment Sunday and Mission Sundays, as well as our wonderful family celebrations around Christmas, Easter and Pentecost.
HT typically focuses on a specific teaching series in weekly sermons, as outlined below, and have been fortunate to have continued to welcome a number of visiting speakers throughout the year.
The Sunday preaching series in 2021 were:
The New Normal – Ephesians (January – February) As it was foretold (March) Living in light of eternity (April – May) Thy Kingdom Come (May) Mission (Im)possible? (May – June) 1 John: A love letter (June – July) Psalms: The Playlist (August) Abraham: The Father of Faith (September – October) God is really among you! (October – November) Christmas (December)
The visiting speakers during the year included:
Simon Ponsonby, Matt Lillicrap, John Dunnett, John Irvine, Jago Wynne, Ellie Huggins, Ben Jones, Simeon Zhal, Flo Judson, Andy Woodman, Roger Simpson, and Bekah Fairley.
ADULT MINISTRY
The UK entered its third national Covid-19 lockdown in early January 2021. HT held an onsite service the Sunday immediately before this lockdown, then closed its physical doors, turning once again to meeting online for eight weeks until Sunday 28 February when onsite services resumed. After re-opening, numbers were restricted due to social distancing regulations and attendees to services and events had to sign-up and check-in upon arrival. The services were also live streamed to allow wider participation. The university term-time two-service model recommenced on 25 April. Evening services resumed in September 2021.
Prayer continued to be a key area of ministry in 2021 with the continuation of the Wednesday night weekly Zoom Prayer Gatherings, with over 50 regular attendees. In January and February, special Sunday afternoon Zoom prayer meetings were continued relating to the process of appointing a new vicar.
This year saw HT once again join other churches across the country in a week of prayer leading up to Pentecost for 'Thy Kingdom Come'. This involved a number of online prayer evenings, live-streamed worship sessions and morning devotions and during the week there was an encouraging number of the church who engaged with the events.
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The 'Finding Faith' book was an exciting new project in 2021. Members of the congregation were asked to submit their story of how they came to faith, and these stories were turned into a book containing over 160 individual testimonies, which was published in the summer.
Throughout the year nine adults, three children and two infants were baptised. Two weddings were held, as well as one funeral.
In February we held the annual 'Equipped for Life' series of talks, focusing on four different themes. All were well attended and very well received. The streams were:
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How to read the Old Testament Prophets
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Reckoning with Retirement
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Parenting Teenagers
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Managing Money Well
Other highlights in the Adult Ministry included:
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Onsite Alpha Courses in January and September.
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Growing Together evenings – These changed their name to HT Family Gathering in autumn 2021.
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Online streaming of the New Wine conference in late July/early August together with related in-person social events.
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A Women's Prayer Night in June.
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• A Men's event in November, run by Care for the Family.
HT held three onsite Carol Services in December 2021. The student Carol Service was attended by 280 people. There were two Carol Services on 12 December with a combined total of approximately 360 attendees. Roger Simpson preached and positive feedback was received following these services.
Home Groups
Throughout 2021, 25 Home Groups continued to meet regularly. As of the end of 2021, there are approximately 300 of the adult congregation in home groups, under the leadership of 50 lay leaders. Home groups met online for the first few months of 2021 as it was lockdown once again. As restrictions gradually lifted, many home groups were creative in finding ways to meet in person and several groups met in gardens in the summer months. Most groups went back to meeting in person in the autumn term whilst appreciating the flexibility of being able to revert to online options if necessary.
However, all groups are run independently and some groups have taken a more cautious approach as befits the needs of their members, continuing to meet mainly online with occasional in-person socials. Home groups continued to provide vital community during repeated lockdowns and for many have been a key source of hope and support. In 2021, we began an initiative of producing in-house Bible study guides for home groups to follow. These guides follow the Sunday sermon series, which in the autumn was on the Holy Spirit and spiritual gifts. The guides were well received as a resource by group leaders and members alike, and used by the majority of home groups.
20s & 30s
It's been both an exciting and challenging time for the 20s & 30s ministry; whilst some of the challenges of Covid have remained, the opportunity to get back to meeting in person felt like it heralded the start of a new period of growth for the 20s & 30s community. The staple social gatherings, trips together for lunch after the morning service and to the pub after the evening service resumed as Covid restrictions eased, providing the chance for people to meet together and reconnect. Almost every lunch and pub trip was joined by new people, showing the large number of new 20s & 30s who have been making HT their home in recent times. Alongside this, a social highlight was the pizza night held in the autumn, providing more opportunities to build community. At the end of 2021, the 20s & 30s community thanked Yanah Browning for all her
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work in leading the 20s & 30s committee, and said farewell as she went on maternity leave. The committee will pick up more responsibilities for supporting the community going forwards and have expressed excitement to see relationships form and grow amongst the 20s & 30s, and see what God has in store for this ministry in the year ahead.
CHILDREN'S MINISTRY
As January began, schools closed again and it was back to lockdown. "HT Kids at Home" looked at Joseph and along with a segment in the Sunday videos for "Joseph's diary", a talk and prayer time, a "choices" section was added for the children to choose to engage with either a building task, craft or dance routine!
Next we had a five-week Prayer series with videos and each group met on Zoom to chat and pray together. The summer term theme was "Invited: step into God's Story". Each week we looked at someone in the Bible who said 'yes' to God and interviewed a church member to hear their story. All of the games and interviews were introduced and acted out by the children who reminded their leaders that they're invited too. In July, HT Kids ran a four-week David series both online and in person.
HT kids started again fortnightly in person on Sunday 2 May but remained online as well and the numbers in each group were small due to social distancing. From Sunday 13 June, groups returned to running weekly in person.
Those in year six completed an in-person, four-week discipleship course "Rooted" in a garden with Hannah Fisher and other leaders.
In the autumn term HT Kids was back in person with no online content and HT Kids joined the "Magazine Club" investigating Jesus in Matthew's Gospel.
By December 2021, HT Kids regularly had more children turning up than the 120 or so we had space for, and often had to operate a waiting list. We have been supplementing HT's own spaces with rooms from nearby city centre locations, but
unfortunately no external space offers the permanence needed, and we are often on the hunt for new, suitable locations. Currently, HT Kids are seeking a large hall – please join us in praying that such a room is found soon!
As well as Sundays, big events were held to spend time together, reach out to others with the Good News and have lots of fun. In order to do something special with the children on Good Friday, to hear and reflect on the Easter Story and invite friends in a Covid-secure way, a Story Trail was run
outside around Cambridge. There were ten stations, each with actors telling a different part of the Easter Story. As the families went around, children were given items as a reminder of that part of the story – and a chocolate egg too, of
course! It was really moving and well attended, with nearly 80 children, several of whom were guests.
Every year in the summer HT Kids host "Jesus Green Games". This year 42 primary school aged HT Kids gathered on Jesus Green to enjoy lively and messy games and thank the student leaders, particularly those who were moving on from Cambridge. The younger children had parties in their groups onsite.
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This year HT Kids ran an outdoors Light Party for HT families on 30 October as a Covid-conscious change from the usual setup of cramming children and families into HT. Games, good friends, firepits with marshmallows, a bonfire and worshipping together made a very special afternoon as Jesus was focussed on as the Light of the World. 84 children came, and all brought families with them.
In December a guest event was held: the Christmas Story Trail. It was run twice in succession to allow for the popularity of the event; 118 children and their families attended in the main space of the church in a socially-distanced way. The trail combined highly creative and exciting crafts and games stations, with the chance for children to go on stage and sing and share the Good News of Jesus with the grown-ups. Guest children were also able to come in costume and sing from the stage and we shared the gospel message of Christmas.
New Creations
New Creations, HT's group for parents and toddlers, was meeting online for much of 2021. It really isn't the same engaging toddlers via Zoom compared to running a crèche! Without the separate space for the toddlers to have fun, the scope for adult interaction which is usually enjoyed was severely limited. The numbers attending online dropped low such that the
group temporarily stopped running. Yet when Covid restrictions allowed, it restarted in person from September and there was the opportunity to meet some lockdownborn babies for the first time – both HT children and guests. An average of 17 families came each week in person, with the crèche returning in October.
YOUTH MINISTRY
The vision of HT Youth is to be a place where young people can have fun together, be a family where everyone can belong, discover faith in Jesus and explore what the fruit of it all looks like in everyday life. Attendance fluctuated throughout the year, particularly as the format of gatherings varied between online and in person, but a regular Sunday usually saw 20-35 young people. The youth ministry is made possible by a team of ten volunteers who serve alongside the Youth Pastor and Family Ministry Assistants.
In 2021, the challenge of connecting with young people without gathering in person continued as the year began with another lockdown. However, as the year went on and restrictions began to lift, a core of youth emerged who had stuck it out and were now even more committed and hungry for faith. Throughout the summer and autumn term, it was sought to rebuild community with a real focus on being a place of fun and family – values which were particularly hard to reinforce whilst online.
The highlight of the year came in November as HT Youth went to Letton Hall for the first Weekend Away since the start of the pandemic. The weekend was such a valuable time to be family together, building and strengthening friendships and community. Spiritual input in sessions throughout the weekend looked at letters to the churches in Revelation and explored the 'reality check' they offer to four different areas: our Jesus, our heart, our lifestyle and our choice. Youth were spiritually
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hungry after so much trying to be church together while all zooming from separate places and many came away strengthened, encouraged and refreshed – on fire for Jesus and excited about committing to follow Him.
Throughout the year HT Youth explored a range of different topics and questions, with Sunday teaching series on Relationships, Evangelism, Exodus, Big Dreams (our vision) and Parables. Alongside this multiple mid-week groups and social events were run throughout the year. These groups involved a 'Level Up' series exploring how to engage with the Old Testament, a Youth Alpha course and 'What's Next', and a space for Year 13s to think and pray about what life and faith look like beyond youth group, whether at uni or on a gap year.
2021 heralded a significant change in the youth team as Steve Conacher said goodbye to HT after serving faithfully as Youth Pastor for over five years. Recruitment took place throughout the autumn term resulting in the appointment of Rebecca Stoklund Lee, who was already on team as a Ministry Assistant, to take over in the new year.
STUDENT MINISTRY
The Student Ministry has seen much change over 2021, through which God remained faithful.
The year started still hampered by the Covid pandemic. Spring term (January-March) was spent meeting remotely for Student Night, sustaining a community that had been otherwise discouraged by the new lockdown. The Student Team saw some significant changes as Stuart Browning (then in-charge of Students) was appointed to be the new Vicar and begin to transition out of his role. Matt Lewis did a tremendous job of continuing to plan and execute events for students, providing opportunities to gather and be known in the community. In the summer term (April-June), Student Night returned in person but socially distanced, and it was a great blessing to have small groups meeting physically together again. Despite the challenges of lockdowns and restrictions, it was encouraging to be able to have many students in the building and meeting with God together. A particular blessing was the energy and enthusiasm of the Fresher students who continue to set a great tone in the ministry now as second years for the 2021-22 academic year.
In August, Ben Crelin began as the new Student Pastor, although on his second day he was hospitalized with Covid along with his wife. After recovering, Ben resumed work, alongside Matt and new Ministry Assistant, Phili Kent. They had an exciting start to the academic year as many Freshers arrived, exceeding attendance expectations at events like the Fresher Welcome Breakfast. During the first week, one Fresher decided to become a Christian and join HT. It was exciting to see many students returning to in-person student events, many of whom had stopped coming whilst the student work was online. During the autumn term, HT Students studied the Gospel of Matthew, considering the heart of Jesus's ministry. This passion to see God's kingdom come permeated our students, leading to fervent intercession at Thursday Lunchtime Worship & Prayer gatherings and the Worship Evening. In December, over sixty students attended the Student Houseparty, studying Jeremiah's life and teachings. The number of students exploring faith who regularly come to Student Night is truly exciting, along with the many students who have deepened their faith in Jesus.
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WORSHIP MINISTRY
The last 12 months has seen a continuation of the many different "formats" of worship as the Covid-19 pandemic restrictions continued and changed, but this brought about great learning opportunities for the worship team.
After beginning the new year heading into another lockdown, a pause to Sunday services meant the team focused their efforts on pre-recorded services, before transitioning to dual mode pre-recorded online services and in-person services but still with no congregational singing. The team worked hard to prepare for the launch of live-streamed services which began on Pentecost Sunday in May. Following the launch of live-stream, the worship and production team had to grow drastically to account for multiple new positions required each week. Finally in July, with the removal of restrictions, there was the joy of being able to worship together with singing once more!
The year saw a transition in team – both paid staff and volunteers. Ed Smith (Worship Ministry Assistant) finished his term and Finn Pett joined the team in the Ministry Assistant role. Jon and Lizzie Capper transitioned out from their work managing the live-stream and Ed Smith stepped back in part time to pick up this live-streaming role. The team also had a number of volunteers moving on and leaving Cambridge, meaning much of the year has been spent trying to recruit and re-grow a team post-lockdown; one that is structured to be ready for the growth of the church.
Highlights of the year have included the return of corporate singing along with the congregation, live-streaming "Thy Kingdom Come", live-streamed and in-person worship devotionals, extended worship nights and the Christmas Carol services which this year featured a live choir. The team have also been excited to raise up new worship leaders among the volunteers and hope to continue to build upon this in the coming year. Above all is an expectancy for how God will continue to be at work in and through the times of corporate worship as a church.
MISSION WORK
Pursuing the Great Commission to make disciples of all nations, the Mission Support Committee has four main aims: to encourage church members to take an active concern in the spread of the Gospel in this country and overseas; to support the HT mission partners and church members engaged in mission and raise awareness of their work amongst the congregation; to act as an advisory forum to those exploring mission work; and, to manage the mission fund.
The Committee works to encourage and support the mission partners on behalf of the church through prayer, correspondence, mentoring and grants, seeking to build up the relationship between them and the congregation. Missions Sunday, on 13 June 2021, was extremely encouraging: Simon Guillebaud preached at both morning services along with several video messages from Mission Partners. The committee hosted a Zoom Mission Tea on the afternoon of Missions Sunday and this was a great opportunity to hear more from some of HT's mission partners. The Wednesday night prayer meetings continued to provide an opportunity for the church to commit to praying for our mission partners and the rare opportunity to do so "face-to-face" (given many are overseas). Zoom has provided an invaluable channel of communication with our mission partners which has enhanced the church's engagement with mission and the partners directly.
The church supports a large number of mission partners involved in a range of ministries locally and overseas, including outreach to international students, work amongst the homeless in Cambridge, Bible translation in Tanzania, theological training in Zimbabwe, engineering ministry in Uganda and sharing the gospel in East Asia. Holy Trinity has also begun a medium-term commitment to support the church-graft from St Barnabas Church into Christ the Redeemer Church in the Barnwell Estate in Cambridge.
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STAFFING
HT continues to be blessed with a committed and selfless staff team. It would be impossible to attempt to thank them adequately in this report; yet we are truly grateful to them for all their hard work, commitment, and fruitful ministry through some challenging circumstances with Covid-19 once again.
As of the end of December 2021, Holy Trinity employed 16 FTEs, with the staff team comprising:
Sam Bartholomew (Hospitality Coordinator / Adult Ministry Administrator), Lois Benyon (Safeguarding Administrator), Rev'd Oli Benyon (Associate Vicar & Head of Adult Ministries), Rev'd Stuart Browning (Vicar), Yanah Browning (Adult Pastor – currently on Maternity leave), Rob Canniffe (Family Ministry Assistant), Ben Crelin (Student Pastor), Josie Day (Office Administrator), Hannah Fisher (Children's Pastor), Steve How (Safeguarding Officer), Andy Irons (Facilities Manager), Phili Kent (Student Ministry Assistant), Matt Lewis (Student Ministry Assistant), Cat Meakin (Senior Children's Pastor), Leila Ong (Adult Pastor – Maternity cover), Finn Pett (Worship Ministry Assistant), Rebecca Stoklund Lee (Youth Pastor), Esther-Jane White (Worship Pastor), and Pete Williams (Operations Director), plus Mark Venter (Finance Officer – contractor).
HT had some staff turnover as usual, as several of the team came to the end of their contracted placements, and others moved on to pastures new. The church community is grateful for the service of Steve Conacher (Youth Pastor), Clare Marsh (Student Ministry Assistant), Damian Mitchell (Office & Events Manager), Precious Muluzi (Finance Assistant), Ellie Sanderson (Family Ministry Assistant), Ed Smith (Worship Ministry Assistant) and Katie Turnbull (Media and Communications Coordinator), all of whom finished work in 2021.
Finally, the church would also like to acknowledge the support of the following Ordinands who were on attachment from Ridley Hall in 2021: Jack Driver-Székely, Alan Gault, Jonathan Huff, Florence Judson, Samantha Seiber, Laity Watters and John Wilson.
FINANCIAL REVIEW AND FUNDRAISING
Holy Trinity does not employ or otherwise pay for professional fundraisers, nor are we bound by any voluntary scheme for regulating fundraising. HT relies on God's provision for the financial resources to meet the needs of our congregation. We thank God for the generosity of members and visitors, who continue to provide most of our funding through a combination of regular and one-off giving. It is pleasing to report on the great continued financial support the church received through the year despite the continuing pandemic and repeated lockdowns into 2021, causing the physical doors to shut once again.
Income in the year increased £440k (53%), although much of this increase was as a result of a single one-off gift of £300k. Excluding this item, income increased year-on-year, by £140k (17%), the vast majority of which was due to increases in regular giving. Congregational responses to our two church gift days were consistent with last year, at a slight reduction to pre-pandemic levels. In-service open plate (cash) collections have not resumed post-pandemic, and income (mainly from visitors) is restricted to donations via card readers. This is lower than previous cash donations but it is difficult to know whether this results from lower visitor numbers or the different mechanism of giving.
Costs in the year increased £135k (15%), driven mainly by the quinquennial repairs to the exterior fabric of the church building. Net of recovering most of the VAT incurred on these repairs, the cost of these repairs came to £131k. Other yearon-year movements to note include circa £30k more against grants offered, though part of this is a timing effect from 2020 giving falling into 2021, and a circa £20k decrease in programme costs. The programme costs decreased, reflecting the large amount of cost incurred in continuning to provide "online church" during the first half of 2021. Staff costs increased only 1% year-on-year, due to carrying forward some vacant roles.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 12
ANNUAL REPORT AND FINANCIAL STATEMENTS 2021
Overall, this year returned a surplus of £214k, vs a deficit last year of £76k; a movement of £290k. Taking account of the one-off items outlined above (had we not received the £300k one-off gift, nor spent £131k on quinquennial repairs) the "like-for-like" outcome on the same basis as last year would have been a surplus of circa £45k.
The policy of HT is to expend income received during each financial year on its purposes. However, some years will result in a surplus, which are generally carried forward to cover years of deficit. In order to ensure that there are always enough unrestricted funds to meet its obligations to employees and creditors, the PCC aims to maintain cash reserves to cover three months' operating expenditure. However, following the large one-off gift this year, our reserves are at a high. Following the appointment of Stuart Browning as Vicar in mid-2021, the PCC and staff team were invited to contribute towards a collective vision, which helped focus in on strategic priorities for reaching out to those in Cambridge and beyond with the gospel. Ultimately the intention is to deliberately invest HT's reserves with significant planned decifits, primarily by increasing the number of staff during 2022 to support the growth strategy, starting with an additional Sunday service and bolstering existing ministries.
Throughout 2021, Mark Venter has continued to bless HT, serving as interim Finance Officer. Sadly in the autumn we said goodbye to Precious Muluzi (Finance Assistant) and Roy Warnes graciously stepped in to shoulder some of this workload on a short-term basis. The support of the Finance Committee continues to be invaluable and in this regard special thanks are additionally due to Allen Swann, Anna McDonald, and the indefatigable efforts of HT's Treasurer, Tom Russell.
FUTURE PLANS
Our vision at HT is to see Cambridge reached, and the world impacted, with the good news and transforming power of the risen Lord Jesus.
Cambridge is growing fast, with two world-class universities, rapidly expanding research, tech & medical industries, and thousands of houses being built every year. Under God's hand, we want to make the biggest possible impact we can, reaching as many people as possible with the good news of Jesus and seeing God's church thrive all across wider Cambridge and beyond! In recent years the Lord has been blessing us and we are entering a new season of ministry expansion. Our mission to the city centre and university remains but God is giving us a vision to reach the wider city in a big way.
Our heart in this new season is:
-
to keep growing, by making space for all those God is calling to join us,
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to continue to develop as a discipleship and leadership training hub for the area,
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to engage and serve our city more, engaging in public life and loving our communities, and
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to explore planting and partnering further afield.
In line with this, in 2022 we hope to begin a fourth Sunday service, with an aim to increase our overall capacity and ministry, particularly to kids and families; to recruit an additional Associate Vicar to release additional ministries in the church; to explore more partnerships with Christian compassion organisations in Cambridge; and to continue investing in our relationship with the Diocese to discern opportunities for resourcing and revitalising the wider church. We pray that God will lead us into all that he has for us and that in his hands we will be fruitful.
PAROCHIAL CHURCH COUNCIL OF HOLYTRIN17Y. CAMBRIDGE PAGE 13 ANNLIAL REPORT AND FINANCIAL STATEMENTS 2021 PCC RESPONSIBILITIES FOR FINANCIAL STATEMENTS The PCC is responslble for preparing financial statements for each financial year, which give a trve and fair VFew of the state ol Its affairs and of the surplus or deficit forthat year. In preparing those finandal statements. the PCC is required to= selett suitable accounting poliae5 3nd then apply them cvnsistently,. make judgements and estimates that are 3$Onable and prudent- prepaie the financial statements on the Boing concern basis- state whether applicable accountin8 Standards have been followed. Subject to any material departu disclosed and explained in the financlal statements. The PCC has overall respofisibilityfor en5UTing thatthe church has appropriate systems of control, financial and otheTWiSe, and is rèst)onsible ft)r keeping properaccounting records, which disclose with reasonable accuracy at any time the financial P051tion of the church and enables them to ensure that the financial statements Comply wkh the Charities Att 2011 and the Church Accounting regulations 2C6. It is also, with the Churchwardens, sponsible for safe8uardin8 the assets and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. So far as the PCC Is aware- There is no relevant audrc information of whith the church's auditors are unaware and The PCC has taken all Steps that they ought to have taken to make themselves aware of any relevant audit Information and to establish that the auditors are aware of that information. On behalf of the PCC as-Ap' Blake Hansen, Church Warden
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 14
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
OPINION
We have audited the financial statements of the Parochial Church Council of Holy Trinity, Cambridge for the year ended 31st December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31st December 2021, and of its deficit for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS OF OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 4 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.
OTHER INFORMATION
The other information comprises the information included in the Members' Annual Report, other than the financial statements and our auditors' report thereon. The members are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 15
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
-
the information given in the Members' Annual Report is inconsistent in any material respect with the financial statements; or
-
the charity has not kept adequate accounting records; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
- we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF MEMBERS
As explained more fully in the members' responsibilities statement in the Members' Annual Report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the members are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011. Accordingly, we have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA's (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
IDENTIFYING AND ASSESSING POTENTIAL RISKS RELATED TO IRREGULARITIES
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
-
We have considered the nature of the industry and sector, control environment and business performance, including the design of the charity's remuneration policies.
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We have enquired with management in regards to their own assessment of the risks of irregularities, including fraud.
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We have obtained relevant documentation and representations in order to form an opinion on potential irregularities, including fraud.
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Our audit work is limited to samples inherently used under International Auditing Standards, therefore not all transactions are reviewed so the detection of irregularities, including fraud is limited to this.
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Any matter we identified having obtained and reviewed the charity's documentation of their policies and procedures relating to:
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Identifying, evaluating and complying with laws and regulations and whether they are aware of any non-compliance.
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Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.
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The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.
PAROCHIAI CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE PAGE 16 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 INDEPENDENT AUDITORS, REPORTTOTHE MEMBEFiS OF PAROCHIAL CHURCH COUNCILOF HOLY TRINITY, CAMBRIDGE As a result of resutt of these procedures, we consldered the opportunltles and incentives that may exist wtthin the organ15ation for fraud and Identified the Ereatest potential for fraud is in relation to the ovèrstatement of revenue. In common with all audlts under ISAS IUKI. We are also requlred to perform specific procedures to respond to the risk of management override. We also obtalned an understanding of the legal and regulatory envtronment and frameworks in which the charity Dpèratos, focusing on provision5 of thg5e laws and regulatlons that had a direct effett on the determinatlon of material amounts and dlsclosures in the financial Statements. The key law5 and regulations we consldered in thls context included the Charities Act. Charlties SORP and the Churth Accounting reBulation5. In additlon, we consldered provisions of other law5 and regulations which do not have a direct effect on the rinantlal statements, but cornpliance which may be fundamental for the charity to operate or to avoid a material penalty. These included compliance with discrimination in the workplace, health and safety and, in relatlon to the current pandemic, compliance with Covid-19 Government regulatlons. Relevant identified laws and regulations were communicated wtthin the engagement team to they remained alert throughout the audit for Indications of fraud or non-compllance. A further description of our responslbilitie5 for the audit of the finaridal staternents is located on the Finan¢ial Reportlng Councll'5 website at www.frc.org.uk/audrtorsresponsibilrties. Thi5 description forms part of our auditors, report. This report Is made solely to the PCC'S member5 as a body, in accoidancé with SÈction5 144 and 145 of Charities Act 2011. Our audit work ha5 been undertaken so that we might state to the PCC'S members those m8tter5 we are required to state to them In an auditor's report and for no other puip05e. To the fullest extent pemitted by law. we do not accept or assume re5ponslbllity to anyone other than the PCC and the PCCS rneMbe as a body. for our audit work, for this report, or for the opinions we have formed. IGEL PRENTIS FCA {Senior Statutory Audltorl FOR AND ON BEHALF OF PRENTIS & CO LLP CHARTERED ACCOUNTANTS & STATUTORY AUDITORS 115c Milton Road Cambrldge CB4 IXE IOl* Prentls Co LLP 15 eli8ible to acl as an auditor in terms olsection 1212 of the Companles Aci 2tK>6.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 17
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
STATEMENT OF FINANCIAL ACTIVITIES
| STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Notes INCOME Donations and legacies 2a Exceptional income 2a Church/Charitable activities Other income 2b Investment income 2c TOTAL INCOME EXPENDITURE Charitable activities 3 TOTAL EXPENDITURE Net income/(expenditure) before gains/(losses) on investments Transfer between funds NET INCOME/(EXPENDITURE) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS 8 Total funds brought forward Total funds carried forward |
Transform Other 2021 Transform Other 2020 Unrestricted Project Restricted Endowment Total Unrestricted Project Restricted Endowment Total Funds Restricted Funds Funds Funds Funds Restricted Funds Funds Funds £ £ £ £ £ £ £ £ £ £ 846,933 - 43,302 - 890,235 727,008 - 13,154 - 740,162 300,446 - - - 300,446 - - - - - 12,337 - - - 12,337 6,397 - - - 6,397 6,879 - 45,300 - 52,179 24,604 - 45,000 - 69,604 6,691 - - - 6,691 6,993 - - - 6,993 |
| 1,173,286 - 88,602 - 1,261,888 765,002 - 58,154 - 823,156 |
|
| 819,169 54,583 171,141 3,000 1,047,893 780,246 63,476 52,660 3,000 899,382 |
|
| 819,169 54,583 171,141 3,000 1,047,893 780,246 63,476 52,660 3,000 899,382 |
|
| 354,117 (54,583) (82,539) (3,000) 213,995 (15,244) (63,476) 5,494 (3,000) (76,226) (82,952) - 82,952 - - - - - - - |
|
| 271,165 (54,583) 413 (3,000) 213,995 (15,244) (63,476) 5,494 (3,000) (76,226) |
|
| 271,165 (54,583) 413 (3,000) 213,995 (15,244) (63,476) 5,494 (3,000) (76,226) 657,112 95,102 37,264 591,000 1,380,478 672,356 158,578 31,770 594,000 1,456,704 |
|
| 928,277 40,519 37,677 588,000 1,594,473 657,112 95,102 37,264 591,000 1,380,478 |
The Statement of Financial Activities include all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 20 to 28 form part of these financial statements.
PAROCHIAL CHURCH COUNaLOF HOLYTrINrrY. CAm8wCE PAGE 18 FINANCIAL STATEMEPIts FOR THE YEAR ENOED DECEMBER 2021 BALANCE SHEET YEAR ENDED 31sr DECEMBER 2021 Genr41 Trnnsforn) Fund5 Prolert Unre5trkted Rtstrkted Restricted En¢hJwm•rt Funds Funds Total 2021 Notes FIXED ASSETS ran8lble assets TOTAL FIXED ASSEYS CURRENT ASSETS Debtors Cash at bank and In hand 30.731 40,519 588,IX 659,250 30.731 40.519 S88.CrfX¥ 659,250 77.324 833.672 23.096 96.531 100.420 930,203 TOTALCURRENT ASSErs CURRENT LBIlITIEs CredltOTS'. Amounts fall1 due wlthln onè year 91Q996 119.627 1.030,623 13,450 81.950 95,400 13.450 81.950 95.4CKJ NET CURRENT ASSETS 897.546 37.677 935,223 TOTAL ASSErs AND CHARttY FUNDS 928,277 40519 37.677 $88.OJO 1.594.473 YEAR £NDeD 31ST DECEMBER 2020 General Transform Fun¢ts Project Urwestrirted Restricted Other Restricted Endo¥¥ment Fund5 Funds Total 2020 FIXED ASSErs Tangible assets 38,S57 95,102 59LOC¥) 724.659 TOTAL FIXED ASS5 CURRENT ASSETS Debtor5 Cash at baF and In hand 38557 9S.102 59LOOO 724,659 60.818 587.298 60,818 624,562 37,264 TOTAL CURRENT ASSETS CURRENT LL4BILlnES Creditors.. Amounts fallirw due thin one year 648.116 37.264 685,380 29561 29,561 29.561 29,561 NETCURRENT ASSETS 618,555 37,264 655,819 TOTAL NET ASSEf5 AND CWITY FUNDS 657.112 95.102 37.264 59LCrt)0 1.380A78 Approved by the Parothial Churth Coundl on and swed on its behalf: T Ru4dl (Treasurer) The notes on pa8es 20 to 28 fomi part ofthese fnanthl Statemts.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 19
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
STATEMENT OF CASH FLOWS
| STATEMENT OF CASH FLOWS | |||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| 2021 | 2020 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Net cash provided by/(used in) operating activities: | 9 | 315,878 | (51,087) |
| ______ | ______ | ||
| Cash flows from investing activities: | |||
| Dividends, interest and rents from investment | 6,691 | 6,993 | |
| Purchase of fixed asset additions | (16,928) | (13,513) | |
| ______ | ______ | ||
| Net cash provided by/(used in) investing activities: | (10,237) | (6,520) | |
| ______ | ______ | ||
| Change in cash and cash equivalents in the | |||
| reporting period: | 305,641 | (57,607) | |
| Cash and cash equivalents at the beginning of the | |||
| reporting period: | 624,562 | 682,169 | |
| ______ | ______ | ||
| Cash and cash equivalents at the end of the | |||
| reporting period: | 930,203 | 624,562 | |
| ______ | ______ |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 20
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
(a) BASIS OF PREPARATION AND ASSESSMENT OF GOING CONCERN
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have also been prepared in accordance with the Church Accounting Regulations 2006 and modified where necessary.
The financial statements include all transactions, assets and liabilities for which the Parochial Church Council is responsible in law. They do not include the transactions of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
The Parochial Church Council of Holy Trinity, Cambridge constitutes a public benefit entity as defined by FRS 102.
The Council Members consider that there are no material uncertainties about the Parochial Church Council's ability to continue as a going concern. A healthy reserves position has been maintained thanks to sustained regular giving despite the pandemic.
The financial statements are presented in sterling, which is the functional currency of the charity.
(b) INCOME RECOGNITION
All income is recognised once the Parochial Church Council has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and grants are recognised on the day they are deposited with the Parochial Church Council's bankers. In the event that a donation or grant is subject to conditions that require a level of performance or where terms of use are implied, the income is deferred and not recognised until either of those conditions are met.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the Council's investment managers.
Interest on funds held on deposit are included when receivable and the amount can be measured reliably by the Parochial Church Council; this is normally upon notification of the interest paid or payable by the bank.
Other investment income (rental income) is recognised in the period in which it falls payable to the Parochial Church Council; this is normally upon notification of the income payable by the appointed letting agents.
(c) EXPENDITURE RECOGNITION AND IRRECOVERABLE VAT
Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities includes grants made as part of the PCC's commitent to the worldwide church, evidenced in its financial commitment to individuals and organisations working throughout the UK and abroad, programme cost undertaken to further the purpose of the PCC and all associated support costs.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 21
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
(d) FUND ACCOUNTING
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted Funds are those that can only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
Endowments Funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds, depending upon the purpose for which the endowment was established.
The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to general funds.
(e) TANGIBLE FIXED ASSETS AND DEPRECIATION
Depreciation is provided on all tangible fixed assets at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life as follows:
| Furniture | - 3 years straight line |
|---|---|
| Office equipment | - 3 to 5 years straight line |
| AV equipment | - 3 to 5 years straight line |
| Church resources | - 5 to 10 years straight line |
| Kitchen equipment | - 3 to 5 years straight line |
| Building | - 100 years straight line |
| Land | - Not depreciated |
(f) FIXED ASSET INVESTMENTS
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Parochial Church Council does not acquire put options, derivatives or other complex financial instruments.
(g) REALISED GAINS AND LOSSES
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 22
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
| 2. | INCOME | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| a) DONATIONS AND LEGACIES | Transform | Other | Transform | Other | |||||
| Unrestricted | Project | Restricted | Total | Unrestricted | Project | Restricted | Total | ||
| Funds | Restricted | Funds | 2021 | Funds | Restricted | Funds | 2020 | ||
| £ | £ | £ | £ | £ | £ | £ | £ | ||
| Cash and cheques | 434 | - | 1,732 | 2,166 | 4,148 | - | 914 | 5,062 | |
| Regular giving | 576,124 | - | 1,570 | 577,694 | 494,125 | - | 25 | 494,150 | |
| Gift Days and Appeals | 58,075 | - | 10,000 | 68,075 | 68,621 | - | - | 68,621 | |
| One off donations | 57,460 | - | 30,000 | 87,460 | 38,173 | - | 12,215 | 50,388 | |
| Gift Aid | 154,840 | - | - | 154,840 | 121,941 | - | - | 121,941 | |
| Exceptional income | 300,446 | - | - | 300,466 | - | - | - | - | |
| 1,147,379 | - | 43,302 | 1,190,701 | 727,008 | - | 13,154 | 740,162 |
In 2021, HT received an unrestricted one-off donation of £300,446 from a single anonymous donor. This item is of a sufficiently high value to distort the year-onyear income, so has been shown separately on the Statement of Financial Activities and within Note 2a.
| b) OTHER INCOME | Transform | Other | Transform | Other | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Project | Restricted | Total | Unrestricted | Project | Restricted | Total | |
| Funds | Restricted | Funds | 2021 | Funds | Restricted | Funds | 2020 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Government Grants | - | - | - | - | 15,807 | - | - | 15,807 |
| Grants | 682 | - | 45,300 | 45,982 | 4,200 | - | 45,000 | 49,200 |
| Photocopier/Book sale income | 132 | - | - | 132 | 9 | - | - | 9 |
| Weddings, Banns, etc. | 2,064 | - | - | 2,064 | 2,063 | - | - | 2,063 |
| Miscellaneous | 4,001 | - | - | 4,001 | 2,525 | - | - | 2,525 |
| 6,879 | - | 45,300 | 52,179 | 24,604 | - | 45,000 | 69,604 | |
| c) INVESTMENTS | Transform | Other | Transform | Other | ||||
| Unrestricted | Project | Restricted | Total | Unrestricted | Project | Restricted | Total | |
| Funds | Restricted | Funds | 2021 | Funds | Restricted | Funds | 2020 | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| Interest on bank deposits | 108 | - | - | 108 | 410 | - | - | 410 |
| M&S Passage Sunday Use Licence | 6,583 | - | - | 6,583 | 6,583 | - | - | 6,583 |
| 6,691 | - | - | 6,691 | 6,993 | - | - | 6,993 |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 23
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
3. CHURCH/ CHARITABLE ACTIVITIES
| CHURCH/ CHARITABLE ACTIVITIES | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Support and | Support and | |||||||||
| Charitable | Governance | Total | Charitable | Governance | Total | |||||
| Activities | Costs | 2021 | Activities | Costs | 2020 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| Staff costs | 353,878 | 92,560 | 446,438 | 361,874 | 77,966 | 439,840 | ||||
| Programme costs | 65,457 | - | 65,457 | 87,072 | - | 87,072 | ||||
| Grants | 94,618 | - | 94,618 | 65,895 | - | 65,895 | ||||
| Building and office costs | 215,453 | - | 215,453 | 76,463 | - | 76,463 | ||||
| Parish share | - | 136,725 | 136,725 | - | 137,098 | 137,098 | ||||
| Audit fees | - | 6,865 | 6,865 | - | 4,891 | 4,891 | ||||
| Depreciation | 82,337 | - | 82,337 | 88,123 | - | 88,123 | ||||
| 811,743 | 236,150 | 1,047,893 | 679,427 | 219,955 | 899,382 | |||||
| Transform | Other | Transform | Other | |||||||
| Staff costs | Unrestricted | Project | Restricted | Endowment | Total | Unrestricted | Project | Restricted | Endowment | Total |
| Funds | Restricted | Funds | Funds | 2021 | Funds | Restricted | Funds | Funds | 2020 | |
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |
| Salaries and Employer's NIC | 387,911 | - | 12,578 | - | 400,489 | 384,425 | - | - | - | 384,425 |
| Pension Costs | 25,940 | - | 920 | - | 26,860 | 31,150 | - | - | - | 31,150 |
| 413,851 | - | 13,498 | - | 427,349 | 415,575 | - | - | - | 415,575 | |
| Payroll fees | 1,010 | - | - | - | 1,010 | 1,166 | - | - | - | 1,166 |
| Staff housing costs | 6,333 | - | - | - | 6,333 | 13,111 | - | 7,109 | - | 20,220 |
| Training and development | 3,586 | - | - | - | 3,586 | 70 | - | - | - | 70 |
| Mentoring and pastoral support | - | - | - | - | - | 668 | - | 10 | - | 678 |
| Other costs | 6,290 | - | 160 | - | 6,450 | - | - | - | - | - |
| Recruitment | 1,710 | - | - | - | 1,710 | 2,102 | - | 29 | - | 2,131 |
| Total Staff Costs | 432,780 | - | 13,658 | - | 446,438 | 432,692 | - | 7,148 | - | 439,840 |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 24
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS
3. CHURCH/CHARITABLE ACTIVITIES continued
The average number of employees during the year was 16 full time equivalent (2020: 17 full time equivalent) with all employee time involved in providing either support services to charitable activities or support to the governance of the charity. No employee received remuneration more than £60,000 in the year (2020: none). None of the trustees have been paid any remuneration or received any other benefits incurred for being a trustee of the charity. The work of the charity is directed by the Vicar, Chair of the Trustees who is an employee of the Ely Diocese.
Trustees expenses reimbursed during the year were £NIL (2020: £967).
The charity operates a defined contribution pension scheme with NEST. The assets of the scheme are held separately from those of the charity in independently administered funds. The pension charge represents the amounts payable by the charity to the fund in respect of the year. Although the charity's auto-enrolment staging date was 1 February 2017 the scheme was adopted in 2013 and all staff enrolled from the commencement of their employment.
| 4. | NET INCOME FOR THE YEAR | 2021 | 2020 |
|---|---|---|---|
| This is stated after charging: | £ | £ | |
| Auditor's remuneration - external audit | 6,865 | 4,891 | |
| Depreciation of Tangible Fixed Assets | 82,337 | 88,123 | |
| ______ | ______ |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 25
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS
| 5. | TANGIBLE FIXED ASSETS | Freehold Land | Office | AV | Church | Kitchen | ||
|---|---|---|---|---|---|---|---|---|
| YEAR ENDED 31ST DECEMBER 2021 | and Buildings | Furniture | Equipment | Equipment | Resources | Equipment | Totals | |
| £ | £ | £ | £ | £ | £ | £ | ||
| COST BROUGHT FORWARD AT 1ST JANUARY 2021 | 600,000 | 101,430 | 105,870 | 173,497 | 31,081 | 19,588 | 1,031,466 | |
| Additions | - | - | 1,741 | 15,187 | - | - | 16,928 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| COST CARRIED FORWARD AT 31ST DECEMBER 2021 | 600,000 | 101,430 | 107,611 | 188,684 | 31,081 | 19,588 | 1,048,394 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| DEPRECIATION BROUGHT FORWARD AT 1ST JANUARY 2021 | 9,000 | 77,012 | 69,909 | 115,739 | 24,355 | 10,792 | 306,807 | |
| Depreciation charge for the year | 3,000 | 24,418 | 17,633 | 30,952 | 2,416 | 3,918 | 82,337 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| DEPRECIATION CARRIED FORWARD AT 31ST DECEMBER 2021 | 12,000 | 101,430 | 87,542 | 146,691 | 26,771 | 14,710 | 389,144 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| NET BOOK VALUE AT 31ST DECEMBER 2021 | 588,000 | - | 20,069 | 41,993 | 4,310 | 4,878 | 659,250 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| TANGIBLE FIXED ASSETS | Freehold Land | Office | AV | Church | Kitchen | |||
| YEAR ENDED 31ST DECEMBER 2020 | and Buildings | Furniture | Equipment | Equipment | Resources | Equipment | Totals | |
| £ | £ | £ | £ | £ | £ | £ | ||
| COST BROUGHT FORWARD AT 1ST JANUARY 2020 | 600,000 | 101,430 | 100,963 | 168,398 | 30,339 | 19,588 | 1,020,718 | |
| Additions | - | - | 4,907 | 5,099 | 3,507 | - | 13,513 | |
| Disposals | - | - | - | - | (2,765) | - | (2,765) | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| COST CARRIED FORWARD AT 31ST DECEMBER 2020 | 600,000 | 101,430 | 105,870 | 173,497 | 31,081 | 19,588 | 1,031,466 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| DEPRECIATION BROUGHT FORWARD AT 1ST JANUARY 2020 | 6,000 | 43,703 | 52,490 | 87,677 | 24,704 | 6,875 | 221,449 | |
| Depreciation charge for the year | 3,000 | 33,309 | 17,419 | 28,062 | 2,416 | 3,917 | 88,123 | |
| Disposals | - | - | - | - | (2,765) | - | (2,765) | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| DEPRECIATION CARRIED FORWARD AT 31ST DECEMBER 2020 | 9,000 | 77,012 | 69,909 | 115,739 | 24,355 | 10,792 | 306,807 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ | ||
| NET BOOK VALUE AT 31ST DECEMBER 2020 | 591,000 | 24,418 | 35,961 | 57,758 | 6,726 | 8,796 | 724,659 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ______ |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 26
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
| 6. | DEBTORS | Transform | Other | |||
|---|---|---|---|---|---|---|
| YEAR ENDED 31ST DECEMBER 2021 | Unrestricted | Project | Restricted | Endowment | Total | |
| Funds | Restricted | Funds | Funds | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Gift Aid reclaimable | 37,456 | - | - | - | 37,456 | |
| Accrued income | 39,868 | - | - | - | 39,868 | |
| VAT reclaimed | - | - | 23,096 | - | 23,096 | |
| 77,324 | - | 23,096 | - | 100,420 | ||
| DEBTORS | Transform | Other | ||||
| YEAR ENDED 31ST DECEMBER 2020 | Unrestricted | Project | Restricted | Endowment | Total | |
| Funds | Restricted | Funds | Funds | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Gift Aid reclaimable | 59,551 | - | - | - | 59,551 | |
| Accrued income | 1,267 | - | - | - | 1,267 | |
| 60,818 | - | - | - | 60,818 | ||
| 7. | CREDITORS: AMOUNTS FALLING | Transform | Other | |||
| DUE WITHIN ONE YEAR | Unrestricted | Project | Restricted | Endowment | Total | |
| YEAR ENDED 31ST DECEMBER 2021 | Funds | Restricted | Funds | Funds | 2021 | |
| £ | £ | £ | £ | £ | ||
| Trade creditors | 4,070 | - | - | - | 4,070 | |
| Other creditors and accruals | 9,380 | - | 81,950 | - | 91,330 | |
| 13,450 | - | 81,950 | - | 95,400 | ||
| CREDITORS: AMOUNTS FALLING | Transform | Other | ||||
| DUE WITHIN ONE YEAR | Unrestricted | Project | Restricted | Endowment | Total | |
| YEAR ENDED 31ST DECEMBER 2020 | Funds | Restricted | Funds | Funds | 2020 | |
| £ | £ | £ | £ | £ | ||
| Trade creditors | 13,284 | - | - | - | 13,284 | |
| Other creditors and accruals | 16,277 | - | - | - | 16,277 | |
| 29,561 | - | - | - | 29,561 |
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 27
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
8. RECONCILIATION OF MOVEMENT OF FUND BY FUNDS YEAR ENDED 31ST DECEMBER 2021
| Funds | Funds c/fwd | ||||
|---|---|---|---|---|---|
| b/fwd | Incoming | Resources | 31st December | ||
| 1st January 2021 | Resources | Expended | Transfers | 2021 | |
| General Funds | £ | £ | £ | £ | £ |
| General Fund | 620,456 | 1,173,286 | (737,219) | (143,335) | 913,188 |
| PCC Designated Funds | |||||
| Mission Fund | 36,656 | - | (81,950) | 60,383 | 15,089 |
| Restricted Funds | |||||
| Vicar's Discretionary Fund | 11,944 | - | - | - | 11,944 |
| Quinquennial Repairs | 6,000 | 41,570 | (130,522) | 82,952 | - |
| Student Ministry | 8,764 | 45,000 | (32,106) | - | 21,658 |
| Youth Work Church Schools | 3,317 | - | - | - | 3,317 |
| Children | 458 | 300 | - | - | 758 |
| Botwell Contributions | 1,781 | 1,732 | (3,513) | - | - |
| CARE Fund | 5,000 | - | (5,000) | - | - |
| Transform Project - Equipment | 95,102 | - | (54,583) | - | 40,519 |
| Endowment Funds | |||||
| Endowment Funds | 591,000 | - | (3,000) | - | 588,000 |
| TOTALS | 1,380,478 | 1,261,888 | (1,047,893) | - | 1,594,473 |
RECONCILIATION OF MOVEMENT OF FUND BY FUNDS YEAR ENDED 31ST DECEMBER 2020
| Funds | Funds c/fwd | ||||
|---|---|---|---|---|---|
| b/fwd | Incoming | Resources | 31st December | ||
| 1st January 2020 | Resources | Expended | Transfers | 2020 | |
| General Funds | £ | £ | £ | £ | £ |
| General Fund | 630,188 | 765,002 | (714,351) | (60,383) | 620,456 |
| PCC Designated Funds | |||||
| Mission Fund | 42,168 | - | (65,895) | 60,383 | 36,656 |
| Restricted Funds | |||||
| Vicar's Discretionary Fund | 10,579 | 1,865 | (500) | - | 11,944 |
| Quinquennial Repairs | 6,000 | - | - | - | 6,000 |
| Student Ministry | 13,410 | 47,514 | (52,160) | - | 8,764 |
| Schools | - | 3,317 | - | - | 3,317 |
| Children | - | 458 | - | - | 458 |
| Botwell Contributions | 1,781 | - | - | - | 1,781 |
| CARE Fund | - | 5,000 | - | - | 5,000 |
| Transform Project - Equipment | 158,578 | - | (63,476) | - | 95,102 |
| Endowment Funds | |||||
| Endowment Funds | 594,000 | - | (3,000) | - | 591,000 |
| TOTALS | 1,456,704 | 823,156 | (899,382) | - | 1,380,478 |
Name of unrestricted fund
General Fund
Mission Fund
All unrestricted voluntary donations are held in a general fund to resource the work of the charity.
The Parochial Church Council designate 10% of all regular unrestricted voluntary donations as a tithe. This fund is distributed to various mission organisations.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, CAMBRIDGE
PAGE 28
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS cont ......
8. RECONCILIATION OF MOVEMENT OF FUND BY FUNDS continued
Name of restricted fund
Vicar's Discretionary Fund For the purpose of providing social relief within the local community.
Quinquennial Repair Fund This fund comprises amounts that will be put towards repair works of the church building. Student Ministry Student Pastor and Pastoral Assistants and associated ministry. Transform Project This is the fund set up to manage the refurbishment and expansion of the existing church buildings to make the best use of the physical space available. The Transform project was completed in 2018 with the last invoices paid in 2019 and the remaining balance pertains to the assets. Grants and donations for Income is received from time to time to help fund activities specific ministries within the ordinary ministry activities of the church and are allocated as appropriate within the year.
Botwell Contributions The Botwell Fund is an investment fund held by Trinity College and is for the upkeep of the Church buildings.
CARE Fund For the purposes of providing financial relief and assistance to those afflicted by the pandemic or other positions of hardship.
9. RECONCILATION OF INCOMING RESOURCES TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| Net income/(expenditure) for the reporting period | £ | £ |
| (per Statement of Financial Activities) | 213,995 | (76,226) |
| Adjustments for: | ||
| Depreciation charges | 82,337 | 88,123 |
| Dividends, interest and rents from investments | (6,691) | (6,993) |
| Increase in debtors | (39,602) | (49,987) |
| Increase/(decrease) in creditors | 65,839 | (6,004) |
| ______ | ______ | |
| Net cash provided by/(used in) operating activities | 315,878 | (51,087) |
| ______ | ______ |
10. CAPITAL COMMITMENTS
The charity has no capital commitments this year, or in the previous year.
11. RELATED PARTY DISCLOSURES
There are no related party transactions to disclose.