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ANNUAL REPORT and FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
Holy Trinity and Christ Church, Richmond, Surrey
for the year ended
31 DECEMBER 2024
LIVE FOR JESUS
Charity Registration Number
1129640

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Address
Holy Trinity Church Centre
Sheen Park
Richmond
Surrey
TW9 IUP
Web address
www.htrichmond.org.uk
Churchwardens
Mr James Thornton
Mr Keith Nurse
Treasurer
Mr David Ewart, CPFA
Principal Bankers
National Westminster Bank plc
22 George Street
Richmond
TW9 IJW
Independent Examiner
Mr John Helm ACA
Tandem Accounting Limited
17 Heathville Road
London N19 3AL
Registered Charity
The Parochial Church Council of the Ecclesiastical
Parish of Ho5y Trinity and Christ Church, Richmond,
Surrey
Charity Registration Number
1129640
Charity Commission website
www.charitycommission.gov.uk
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Table of Contents
Annual Report of the Parochial Church Council....
Independent Examiner's Report to the Parochial Church Council.....
Statement of Financial Activities...............................-
14
15
Balance Sheet................................
16
Statement of Cash Flows..............................................
17
Accounting Policies.....................................................
Income (note 21....
Expenditure on Charitable Activities (note 31
Mission & Charitable Giving (note 4)..
Trustee and Staff Costs (note 51.................................
Tangible Fixed Assets (note 6)...................................
Debtors (note 71 .
Creditors- amounts due within one year (note 81...................................
Unrestricted Funds (note 91
Restricted Funds (note 101......................................
Operating Lease Commitments (note 111........
Net Cash in Use loperating activities) (note 12}.............
Related Parties (note 131...................
18
.20
21
22
23
.24
.24
.24
25
.26
.27
,27
27
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Annual Report of the Parochial Church Council
Introduction
The Parochial Church Council {PCC) of Holy Trinity and Christ Church Richmond submits its report and the
financial statements of the PCC for the year ended 31st December 2024. The financial statements have been
prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by
Charities ISORP2015 {FRS102}} and the Financial Reporting Standard 102.
Administrative Information
Holy Trinity is situated on Sheen Park. Richmond, Surrey. It is an Anglican Ichurch of England) Church which is
part of the Kingston Episcopal Area of the Diocese of Southwark. The correspondence address is..
The Parish Office, Holy Trinity Church Centre, Sheen Park, Richmond, Surrey, TW9 IUP
Under the terms of Section 3 of the Parochial Church Council (Powers) Measure 1956 the PCC is a body
corporate and as of 15th May 2009 has been a charity registered with the Charity Commission as required by
the Charities Act 2011,
Structure, governance and management
Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting {APCM) in
accordance with the Church Representation Rules. All regular church attendees are encouraged to register to
be on the Electoral Roll and stand for election to the PCC. The most recent APCM was held on 12th May 2024,
referred to below as APCM 2024. During the period from 1st January 2024 to Ilth May 2025, the following
served as members of the PCC:
Vicar
Associate Vicar
Rev Dan Wells
Rev Ells osgood
PCC Chair, Standing Committee
Standing Committee (from May
2024)
PCC Lay Vice Chair, Standing
Committee
Standing Committee
Wardens
Jame5 Thornton
Keith Nurse
Sue Reed (to 18111/2024)
Susan Armstrong
Cathy Hewett
Karin Boyton.
Laura Duckwith
Dr Elizabeth Lek"
Joy Toledo Hardy"
Anke Marais
Martin Phillips
David Ewart
Barnaby Chapman.
Holly Morris
Gerry Stride.
Louise McFerran
Representatives on the Deanery
Synod
Elected members
pso
Building Committee Chair
Treasurer, Standing Committee
Also in attendance
Liz Morris
Operations Manager & PCC
Secretary
Worship Pastor, Building Project
Repair Group
Matt Osgood (to May 2024)
to APCM 2024
** from APCM 2024
Parish Safeguarding Off icers
Ipso)
Anke Marais
Graham Bamping (Not a member
of the PCC)
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Any member of the church who is on the Electoral Roll can be nominated for election to the PCC in accordance
with the Church Representation Rules. Normally a balance of new and established members is elected each
year, and if necessary members are co-opted where they have a specific expertise. All decisions are taken by
the PCC unless delegated to sub-committees or staff members. There are several established sub-committees
and groups which meet between the full meetings of the PCC. These include:
Standing Committee: which has power to transact business of the PCC between its meetings, subject
to any directions given and within financial limits (currently matters up to £5,000 net on one-off items
and up to £7,500 per annum on recurring items such as utilities. Two members acting together have
authority to spend up to £2,500), set by the PCC, and which oversees the financial direction of the
church by monitoring income and expenditure
Mission Group.. which oversees the church's mission involvement, and ensures that recommendation5
on giving are in accordance with the mission support policy (the Mission Group has delegated power
to agree giving of up to £500 from the Outreach Discretionary Response Fund Budget)
Buildings Committee: which is responsible for all matters relating to health and safety, maintenance
and general upkeep of Holy Trinity Church Centre Ican expend a sum up to £3,000 on any budgeted
item for regular maintenance and minor repairs, from within the approved budget)
Building Repair Project Group: which is responsible for planning of the building repair project as it
develops lit can manage funds up to the level of pre-approved amounts from the PCC)
Safeguarding Committee: provides a forum where safeguarding matters can be discussed regularly,
issues can be addressed and necessary changes to our policies and procedures are identified and
implemented. The Committee is made up of the Vicar, Associate Vicar, two Parish Safeguarding
Officers - Graham Bamping Ichairl and Anke Marais - Liz Morris15ecretary/Operations Manager) and
Rebecca Reynolds (Asst. Secretary). The Committee meets a minimum of three times a year, more if
urgent matters arise. Reports from every meeting are issued to the PCC
Other groups.. which have responsibility for various aspects of the church's pastoral work and other
activities, report to the PCC on a periodic basis
Key Management Personnel: those in charge of directing, controlling, running and operating the PCC
(the Charity) on a day to day basis are the members of the Standing Committee; they are the Vicar
(Dan Wells), the Associate Vicar {Ei1s Osgood from May 20241 the two Churchwardens (Keith Nurse
and James Thornton), Treasurer (David Ewart), and the Operations Manager {Liz Morris)
Iwho,although not a member of the Standing Committee,attends its meetings}. The
only PCC employee to be considered a key manager is the Operations Manager
Safeguarding
Regarding the PCCS obligations to safeguard children and vulnerable adults, the members of the PCC
confirm that they have complied with their dutie5 under section 5 of the Safeguarding and Clergy Discipline
Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable
adults).
Induction & Training
The induction process for any church member newly appointed to the PCC currently comprises briefing by the
Operations Manager (Secretary of the PCC) and receipt of copies of the minutes from the most recent meeting.
The PCC Secretary also provides a copy of the most recent financial statements. guidelines on the obligations
of PCC members (the Charity Commission's guidance The Essential Trustee,) and the Parish Safeguarding
Handbook. The PCC is committed to maintaining high standards of governance and financial management in
accordance with current developments in church and charity regulation and good practice, and to this end
aspires to provide training opportunities to PCC members as appropriate, including a requirementto complete
the relevant safeguarding training.
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Risk Management
The PCC continues to consider and discuss key risks facing the church, including health and safety issues,
electrical and fire considerations and procedures surrounding our finances and safeguarding matters. The PCC
continues to review and develop the strategic direction of the church and considers how its exposure to risk
changes. Members of the PCC are aware of the potential risks {financial operational or with regard to
safeguarding) that might occur either in the church or in the Church Centre. The Pcctakes a practical approach
and implements policies where they are needed, along with the appropriate course of action to control and
minimise these risks.
The PCC considers the principal risks and uncertainties facing the church and their plans and strategies for
managing these risks to be:
Financial Viability:
To continue to work to raise awareness of the funding requirements of the church, particularly in the
light of the level of regular giving not rising with inflation, and to encourage our congregation to
respond accordingly
Setting our reserves at an appropriate level to ensure that during our potential upcoming building
project we can sustain any reduction in income from Church Centre activities and ensure funds are
available when needed
To actively seek ethical and responsible ways to protect our capital investment with a high level of
security
Major security, safeguarding, or health & safety or another incident:
Health and safety reviews and risk assessments regularly undertaken
Fire alarm, electricity and gas safety servicing and checks are regularly carried out
Ensuring that a safeguarding policy is in place and that designated Parish Safeguarding Officers have
been appointed
We continue to ensure that a full set of insurance policies are up-to-date and cover us for identified
risks, and we maintain up-to-date incident log5
Quinquennial
The last quinquennial inspertion was undertaken in February 2021. The main observation was that the
church building 15 generally in good condition and well-maintained. However, pressing maintenance issues
were identified regarding the roof and stonework of the main church building. The PCC has commissioned
research and plans will shortly be underway for what will be fairly major works to address these and other
issues.
Objectives
Holy Trinity and Christ Church PCC, Richmond has responsibility for co-operating with the Vicar in promoting
in the parish the whole mission of the church, evangelistic, pastoral, Social and ecumenical. Holy Trinity is a
church who would summarise our purpose in a simple statement 'together with Jesus, These words help us
to remember our calling as a community: to build that community and invite others to be part of it, to focus
on Jesus above all else and to remember that we do this with Him and in His power and strength. The PCC also
has maintenance responsibilities for Holy Trinity Church Centre.
The PCC met eight times during 2024, the issues covered include the following:
Vision and Planning: our church's vision, including priorities for 2024 and plans to adapt to changing
situations
Building Stewardship: ensuring the condition, safety and security of our church premises, including
the need for assessments, repairs and maintenance work to the structure of the building and its
facilities
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Ministry Development.. Expanding our ministry's reach and impact both within our church community
and beyond, exploring new opportunities for engagement and service.
Financial Stewardship: Managing church finances responsibly through ongoing budget monitoring,
developing a sound budget for the coming year, and regularly reviewing our financial processes and
arrangements.
Governance & Compliance.. Strengthening our governance and operational practices by developing
and implementing necessary policies and procedures to address any existing gaps
Safeguarding: Prioritising the safety and well-being of all by receiving reports from the Safeguarding
Committee, approving policies and risk assessments in full compliance with Diocesan guidelines for
creating a safe church.
Leadership Transition: Planning for the leadership of the church from January 2025, following the
Vicar's decision to step down, and ensuring a smooth transition.
Pastoral & Practical Matters: Addressing a variety of other pastoral and practical issues that impact
the life and mission of our church.
Staff Team
A key factor in progressing the ministry and mission of the church is having a staff team that takes
responsibility for aspects of this work, under the direction of the Vicar. All of the staff team are actively
involved in the life of the Church, many of the team regularly preach at and lead services. Some of their roles
are full-time and others part-time-
The Worship Pastor: is responsible for leading the team of musicians and singers involved in Sunday
services, for developing prayer and worship across the whole of church life, working with our link
school - HolyTrinity Primary School and a range of other tasks that contribute to the senior leadership
of the church
The Part-time Children's Pastor: is responsible for work with pre-school children and their parents,
and with children up to School Year 6 both in church and at our link school, HoSyTrinity Primary School
The Operations Manager: has responsibility for strategic issues and managing the business of the PCC
and Standing Committee. She also acts as HR Manager to the Staff Team and line manager for the
part-time Administrator and Office & Events Coordinator
The Part-time Administrator: is responsible for finance tracking and safeguarding administration and
contributing to running a very busy office through a variety of other tasks
The Part-time Office & Events Coordinator: is responsible for day to day office tasks throughout the
week, leading on communications and events, serving members of the public on hall bookings and
contributing to a range of other matters
The Youth and Children's Pastor: has responsibility to lead on work with the youth and contribute to
work with children both in our church and the link schools - Holy Trinity Primary School and Christ's
Secondary School
The Associate Vicar: who was Ipart-time until September 2024. then full-timel, while not directly
employed bythe PCC, receives partial funding from them. Her ministry includes leading and preaching,
schools work, worship team support, pastoral care, Life Group leadership, and covering for the Vicar
during his sabbatical.
The team continued to provide strong and committed leadership, and to continue a variety of ministries
including a Children's Holiday Club, youth and children's midweek activities within the church, growing an
annual church trip away and responding in new ways, together with Jesus, to gather our church community
and beyond.
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Use of Volunteers
Maintaining enough volunteer support is an ongoing priority for the church. While we have seen some positive
momentum this year, encouraging individuals to serve in vital roles remains essential as our activities expand.
Key volunteers have been instrumental in supporting the staff team this year in the following ways:
Churchwardens: Provided invaluable support to the Vicar and Associate Vicar during the leadership
transition, ensuring continuity and stability for the staff team and church members. Their
contributions to key decisions, building matters, and church operations have been essential.
Treasurer and Finance Team: Ensured sound financial management through efficient accounting,
trackin& and tax reclamation, while also supporting staff and producing the annual report and
financial statements.
PCC: The PCC members provided consistent support by attending committee meetings and responding
efficiently to correspondence, ensuring the effective governance of our large charity.
PSOS: Demonstrated expertise and diligence in handling new and arising safeguarding matters,
actively participating in committee meetings and promptly addressing all concerns, contributing
significantly to the safe environment of our church.
Building Committee: Successfully completed a substantial amount of critical maintenance repairs and
interventions, ensuring the continuity of ministry operations.
Building Repair Project Group.. Completed a feasibility study with an architect and contractors to
inform planning for significant repairs, upgrades, and potential developments. Work on this project
paused in 2024 pending church vision development and leadership transition.
Key volunteers and congregation members: Actively participated in services through leading,
preaching, reading, and prayer leadership.
Mission Group: Identified and recommended charities to the PCC for support through a variety of
channels, including regular annual giving, our Gift Day, and emergency missional responses via a
dedicated fund.
Welcome and Refreshment Teams: Created a welcoming and hospitable atmosphere at Sunday
morning services and other church events.
Youth Leaders and Helpers: Supported growth in our youth programmes, providing weekly evening
and Sunday sessions and re-establishing a youth weekend away, a valuable addition to our annual
programme.
Children's Leaders and Helpers: Provided engaging programmes for children, including weekly Sunday
sessions, the monthly "Glow" club, a Summer Holiday Club {Years 3-6), and a community outreach
Light Party. Life Groups have continued, with new members joining and new groups forming, most
meeting in person.
Public Benefit and activities in 2024
The PCC has carefully considered the Charity Commission's guidance on public benefit and demonstrates this
through the following activities:
Worship and Spiritual Growth:
Regular Services: Weekly Sunday morning services and a traditional Wednesday morning service
followed by a cooked lunch, catering particularly to the needs of older members.
Hope Explored: A programme offered this year to help individuals explore and deepen their faith.
Life Groups: Small groups for Bible study, prayer, mutual support, and mission, including a Friday
morning group for women and a Tuesday afternoon group for seniors.
Prayer: Regular prayer meetings and themed prayer times (both via Zoom and in person), including a
monthly Sunday evening Prayer and Praise gathering.
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Children and Youth:
Sundays Groups: Children and Youth groups meeting on Sunday mornings during the service.
Glow: A monthly Friday evening group for children in school years 4-6, drawing many children from
the local community.
Youth Groups: Weekly Wednesday evening groups for young people in school years 8-13 from the
church and wider area, alternating focus on discipleship and fellowship.
Youth Musicians: Members of the youth regularly contribute to worship services and special events
as part of the worship band.
Community Outreach and Support:
Refresh: A weekly Monday morning group for parents and pre-school children from the wider
community, providing friendship and support.
Holy Trinity School: Enhanced support provided by our church through clubs, groups, learning
support, and pastoral care has fostered increased church engagement and membership
Christs School.. Relationship building with the Chaplain and staff and leading of assemblies
Youth Outreach: Free hot chocolate and chat in the busy town centre and near the local train station
around home time.
Leadership Development:
Events: Time out with training, reflection and idea gathering designed to equip leaders and church
members for service within the church and the wider community.
Training: Mental Health First Aid and First Aid courses for staff team and key volunteers
Mission Partnerships:
The church provided financial support to the following local and overseas mission partners:
Kick (sports and life skills programmes in schools, grounded in Christian values)
Karls Kids {Chri5tian charity in Kampala, Uganda, supporting orphaned children)
Riverbank Trust (support for vulnerable single mothers and families i n Richmond)
LVA Trust (positive sexual health, self-esteem, and relationship education in local schools)
Operation Mobilisation (connecting churches with global mission opportunities)
Open Doors Iserving persecuted Christians and churches worldwide}
Vineyard Community Centre (crisis and social inclusion services)
Sarah Casson (Wycliffe Bible translation manual development)
A full list of mission and charitable giving is available on page 22 of this report.
Community Engagement and Support:
HolyTrinity Church provided support to:
RiverbankTrust: Use of the church building and volunteer support for practical and spiritual assistance
to vulnerable single mothers and families, particularly through local schools
Kick: Use of the church building for office time and development days
Pastoral Care and Church Life:
The Vicar, Associate Vicar, Churchwardens, staff team, and congregation members:
Provided pastoral care through visits to the sick and bereaved
Actively participated in church services
Offered baptisms, weddings, funerals, and other services as requested
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Performed a wide range of administrative tasks essential to the smooth operation of the church
Served as Joint Chair of Governors and governors of church schools, mentored pupils, and contributed
to assemblies and other school activities
Actively engaged in service within the local community
Organized fellowship and ministry events for women {breakfasts and evening gatherings)
Organized social events for men to foster community
Conducted training sessions to support staff, leaders, and PCC members
Organized a community choir for a Christmas service
Led a group of church members in attending Focus, a network churches camping weekend
Church Attendance & Community Services
There were 127 parishioners on the Church Electoral Roll as at 31st December 2024, of whom 33 were resident
within the parish. The average weekly church attendance at services during October 2024 was 130.
Community Services
2024
2023
Marriages
Baptisms
13
Funeral and Thanksgiving Services at the church
Funerals at the Cemetery Chapel
Cremation Services
Graveside committals & burial of ashes
Crematorium committals
Funerals included one member of the church, and one from the parish. The Baptisms were for one infant, 3
children aged 1- 4 and one young person aged 11- 17.
Financial review
Total income (including restricted giving) was approximately £38,200, higher than in 2023, mainly due to one-
off grants and legacies with higher interest receipts.
Of the PCC'S total income approximately 80Yo12023: 82%) comes directly from voluntary giving, primarilyfrom
church members, mostly as tax-eff icient planned or one-off giving (Give as You Earn or Gift Aid donations) as
well as the legacy. Without this level of giving the church could not support the current and planned level of
activities.
Unrestricted Funds - Gross Income forthe year increased by about 2.8%, mainly due to higher interest receipts
a £20,300 one-off grant and a £10,000 legacy, while expenditure rose by under Iyo to £465,600 mainly due to
inflation being offset by temporarily stopping expenditure on the building project, resulting in Net Income of
£29,400 {2023: £16,100). Unrestricted income is used to support all the general work of the church including
the giving through the Outreach budget and the support of the wider Church through the Parish Support Fund.
Voluntary Income (encompassing planned and unplanned giving, and the associated tax reclaim) Although
the overall level increased by £20,500 to £440,000, this was due to a £15,000 increase in Gift Day donations
and higher one off gifts.
Our Parish Support Fund contribution {payments to the Diocese of Southwark partly to cover the payroll and
pension costs of the Vicar and the cost of clergy housing but also to support other parishes) was increased by
3.3% following a decision by the PCC, to £130,980 in 2024. The Parish Support Fund 15 based on principles of
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proportionality, informed generosity, and an aspiration and encouragement to parishes to become self-
financing
Overall The Statement of Financial Activities reflects overall net income for the year of £22,300. This is a
modest surplus.
Outlook - 2025 promises to be another very challenging year, with a continuing high level of uncertainty.
However, the generosity of the congregation has allowed the PCC to budget with some confidence, although
with a deficit in the Unrestricted General Fund.
In setting this budget the PCC has anticipated a 1.3% increase in the overall levels of budgeted income, and a
2.6% increase in the overall budgeted expenditure.
The PCC is committed to addressing the remedial repairs required to the church roof and general stonework,
as well as considering wider options for improvement to the Church building. To this end the PCC has incurred
£44,700 in fees, 2023, for the preparation of a feasibility study to provide options and the review of the current
state of the Church building.
Reserves policy
The PCC continues to work to raise awarenes5 of the funding requirements and encourage our congregation
to respond accordingly. In the meantime, the PCC has agreed to carry Free Reserves of at least two month's
expenditure (at normal levels of activity), currently about £83,000, which is what we are carrying from 2024,
to help cover any future issues (see table below).
It is PCC policy to budget for our expenditure needs according to the amount of voluntary giving that the
church expects to receive during the year, although for 2025, the PCC has budgeted for a modest deficit. The
PCC has examined the requirements for'free reserves" i.e. those unrestricted funds not invested in tangible
fixed assets or set aside for known future commitments. The PCC considers that, as all income 15 used to further
the ministry of the church, it is appropriate to keep free reserves, represented by the General Fund, at a
minimum.
The PCC is of the opinion that proactive upfront fund raising and the provision for known future commitments
provide5 sufficient flexibility to cover any temporary shortfalls in incoming resources and will allow the church
to cope with and respond to current and any future unforeseen emergencies whilst specific action plans are
implemented if required.
2024
2023
Total reserves
Less- restricted funds
Less- designated funds
Less tangible fixed assets
1,310,199
1,287.938
1454.9591 { 461,698}
1739.9991 1711.999)
(31.5051 134.626)
Free rèserves
83.736
79,615
Investments policy
Surplus funds are invested with the CCLA - CBF Church of England Deposit Fund which continues to offer
security but relatively modest market rate of interest.
Grant making policy
On-going Outreach: The PCC'S policy has been to increase the outreach budget annually in support of local
and overseas mission partners, subject to other commitments, to invest in the growth of the church. This
represents a long-term commitment to several organisations.
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Gift Day: The PCC decided that all of the Gift Day voluntary income, including the associated tax reclaims,
should be given to the work of organisations separate from the PCC. This provided significant one-off support
to Open Doors, RiverbankTrust and Karls Kids.
Other: Alongside these commitments, the PCC supports ministry across the Diocese through the Parish
Support Fund, and by providing free office and meeting room space to Kick and Riverbank Trust. Outside the
church accounts, church members provide support to Karls Kids families in Uganda.
Plans for Future periods
In 2024 we built on our recovery from the pandemic, and moving forward the PCC will continue to focus on a
number of key priorities as follows:
To transition into a new season of ministry following Dan Wells, departure and the appointment of
Ells Osgood as Interim Incumbent
To plan and promote church services, events and activities that enable every person to deepen their
faith and grow as disciples of Jesus
To grow in our relationships with one another and develop our pastoral care ministry
To welcome newcomers and offer opportunities for people to explore faith, particularly through the
Alpha course
To grow our leadership capacity and build strong volunteer teams across all areas of church life, to
enable the mission and ministry of our church to grow
To strengthen our ministry to children and young people, broadening our reach and maximising
opportunities to partner with local schools
To enable the congregation to support mission beyond our parish through friendship, prayer and
financial support of key mission partners and organisations
Alongside our ongoing priorities, the PCC also aims to review our plans for the future as follows:
To develop a clear and compelling vision and strategy for the Church with IO+ years in view
To move forward the Church's buiSding redevelopment project aligned with the newly agreed vision
PCC Responsibilities in relation to the Financial Statements
The PCC is responsible for all parish finance, its management and control, including the appointment of a
treasurer. While it may delegate some of its duties, this does not remove its legal responsibilities. Charity law
requires the PCC as trustees of the church to prepare an annual report and financial statements for each
financial year that give a true and fair view of the church'5 financial activities during the year and of its financial
Position at the end of the year. The PCC is also required to ensure that these are Subjected to an annual
independent examination or audit las appropriatel and to present these to the Annual Parochial Church
Meeting in accordance with the Church Representation Rules. In preparing these financial statements, the PCC
is required to:
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether applicable accounting Standards and statements of recommended practice have been
followed subject to any departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation
The PCC is responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the church and enable them to ensure that the financial statements comply with
the Charities Act 2011 and applicable accounting standards. They are also responsible for safeguarding the
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assets of the church and hence for taking reasonable steps forthe prevention and detection of fraud and other
irregularities.
th
These accounts were approved by the PCC on 10 March 2025.
The attached accounts on pages 15 to 27 were adopted by the Annual Parochial Church Meeting on Ilth May
2025.
Signed..........
(o Zoz<
Interim Incumbent and Chair of the PCC, for the PCC
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Independent Examiner's Report to the Parochial Church Council
I report on the accounts of the Pccforthe year ended 31st December 2024 set out on pages 15 to 27.
This report is made solely to the PCC in accordance with section 145 of the Charities Act 2011 (the Act). My
independent examinatlon has been undertaken so that I might state to the PCC those matters l am required
to state tothem in an independent examinerfs report and for no otherpurpose. Tothe fullest extent permttted
by the law, I do not accept responsibility to anyone other than the PCC for my independent examination, for
this report, or the oplnlons I have formed. The PCCS gross income exceeds £250,000 and l am qualified to
undertake the examination by belng a qualified member of the Institute of Chartered Accountants in England
and Wales.
Respective Responsibilities of the PCC and the Examiner
As the trustee of the Pari5h'5 property, the PCC is responsible for the preparation of the accounts. The PCC
considers that an audit is not required for this year (under section 14412) of the Charities Act 20111 and that
an independent examination is needed,
It is my responsibility to:
Examine the accounts (under sectlon 145 of the Act);
Follow the procedures laid down in the General Direction given by the Charity Commission {under
section 14515)(b) of the Act),. and
To state whether particular matters have come to my attention.
Basis of my Report
My examination was carried out in accordance with General Directions given by the Charity Cornmissioners.
An examination include5 a review of the accounting records kept by the charity and a compari50n of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts and seeking explanations from the PCC concerning anysuch matters. The procedures undertaken
do not provide all the evidence that would be required in an audit. and consequently I do not express an audit
opinion on the accounts.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connettion
with the examination giving me causeto believe that in any material respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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 examinatlon.-
I have no concerns and have corne 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.
Mr John Helm ACA
Tandem Accounting Limited
17 Heathville Road
London N
93AL
Signe
I Mrty
Holy Trinity Church, Sheen Park, Richmond, Surrey, TW9 IUP
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holyltrinitylrichmond
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Statement of Financial Activities
For the Year Ended 31st December 2024
Unre51ricled
Funds
Rgslrictèd
Funds
Total
Funds
2024
Unrestricied
Funds
Reslricled
Funds
Total
Funds
2023
Notes
Incomè from:
Donations and Legacies
Charitable activities
Other trading actimlies
Investments
Other
392.880
5.639
33.476
62,416
531
47.180
440.060
5.639
33.476
62.416
531
386,156
3,999
37,292
53,781
227
33,440
419,596
3,999
37,292
53,781
227
T¢tsl In¢om•
494,942
47,180
542.122
481.455
33,440
514,895
Expènditur• on:
Charit8ble activities
3&4
465,589
S4,272
519,861
465.366
39,576
504,942
Total Expèndituro
4£5.589
54,272
519.861
465.366
39,576
$04.942
Net gains]Ilossesl on investments
Net Incomo
29,353
{ 7,0921
22,261
16,089
{ 6.1361
9,953
Gainsl Ilossesl on Disposals of Fixed Assets
Transfers b6tween fvnds
1354)
354
Othar rècognised gains and losses
Nat movèmènt In furbds
28,999
{ 6,7381
22.261
16.089
16,1361
9.953
Toial funds brought forward
9&10
826,241
461,697
1,287,938
810,152
467,833
1.277.985
Total fund$ earrl•d fonyard
9&10
855,240
454,959
1,310,199
826.241
461.697
1,287,938
The notes on pages 18 to 27 form part of these financial statements
Holy Trinity Church, Sheen Park, Richmond, Surrey, TW9 IUP

noiyiiriniTyiricnmona
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Balance Sheet
As at 31st December 2024
Unreslriet8d
Funds
Resliicled
Funds
Total
2024
Total
2023
Noto
Fixed Assets
Tanyible Fixed Assets
31.505
31.505
34,626
Current Assets
Debtors
Cash al bank on deposit
Cash al bank and in hand
20,078
758,409
53.393
831.880
2.Q65
463.874
151
466.090
22,143
1.222,283
53.544
1,297.970
34.342
1.203,666
23.171
1,261,179
CreditOT5: Arnountfallln
due within one
ar
18,1451
{11.1311
{ 19.2761
17.8681
Net Current As$gts
823.735
454.959
1,278.694
1,253.312
Net Assèts
855,240
454.959
1.310.199
1.287.938
Parish Funds
Unreslri¢ted
Restricted
855.240
855,240
454,959
826.240
461,698
10
454,959
Total Funds
855.240
454.959
1.310,199
1.287.938
Approved by the Parochial Church Council and signed on its behalf by:
Rev Ells Osgood, Interim Incumbent and Chair of the PC
David Ewart, CPFA, Treasurer
10 March 2025
HolyTrinity Church, Sheen Park, Richmond, Surrey, TW9 IUP
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Statement of Cash Flows
For the Period to 31st December 2024
Unrestricted
Funds
Restricted
Funds
Totsl
Funds
2024
Total
Fund5
2023
Note
Net cash in use {operating activities)
12
{ 20,7011
7,274
{ 13,4271
184,4601
Cash flow from investment activities
Interest from investments
Nel cash promded by investment activities
62,416
62,416
62,416
62.416
53.781
53,781
Change in cash and cash equivalents
41,715
7,274
48,989
130,679)
Cash and cash equi)rdlenls at the beginning
of the Year
770,086
456,751
1.226.837
1,257,516
Cash and cash equivalonts
811,801
464,025
1.275.826
1,226,837
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Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial Statements are as follows-
Basis of Accounting
The financial statements have been prepared under the Charities Act 2011 and in accordance with the
Charities Statement of Recommended Practice (Charities SORP IFRS 102)) and Financial Reporting Standard
102 IFRS 1021. The financial statements are drawn up on the historical cost basis of accounting.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.
They do not include the accounts of church groups that owe an affiliation to another body or those that are
informal gatherings of church members.
The PCC meets the definition of a public benefit entity under FRS 102.
Post Balance Sheet event and going concern
Each year it's the PCC'S responsibility to state whether or not the annual accounts have been drawn up on a
going concern basis. Going concern is the a55umption that an entity, in this case the PCC, has the resources
(financial or otherwise) needed to continue operating for the foreseeable future and, in particular, for at least
12 months from the date of approval by the PCC of these annual accounts. If the going concern principle did
not apply, then the accounts would be drawn up on an insolvent basis
As part of thi5 yearfs going concern review, the PCC has reviewed its financial plans for 2025. This review
indicates that, although it achieved a surplus 2024 mainly due to one off factors, it is budgeted to incur a deficit
in 2025 but the cash reserves are morethan adequate to absorb any likely deficit. Accordingly, it has concluded
that it is appropriate to prepare the 2024 Accounts on a going-concern basis and that it is not necessary to
make any adjustment to these accounts.
Income recognition
Voluntary income and donations (including legacies) are accounted for once the Charity has entitlement to
the income. it is probable the income will be received, and the amount of income receivable can be reliably
measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which
the relevant donation 15 received. Grant income is recognised on a receivable basis.
The income from trading activities includes rental income from the letting of church premises which is
accounted for when earned. It is shown gross, with the associated costs included in the appropriate part of
the accounts.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity,. this is normally upon notification of the interest paid or payable by the bank.
Expenditure recognition
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be
measured reliably. Longer term liabilitie5 are discounted to present value.
Charitable expenditure includes those costs in fulfilling the PCC'S principal objects, as outlined in the Report
of the PCC. These include grants made and governance costs. Governance cost5 comprise all costs involving
the public accountability of the PCC and its compliance with regulation and good practice. These costs include
costs related to statutory audit and legal fees.
The PCC is not registered for VAT and accordingly expenditure includes VAT incurred where appropriate.
The PCC contributes to all its employees, personal pension plans. These are defined contribution schemes, the
assets of which are held separately from those of the PCC. The cost in the accounts is the amount of
contributions paid and payable during the year.
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Rentals under operating leases are charged as incurred over the term of the lease.
Tangible Fixed Assets
Consecrated Property and Moveable Church Furnishings
Consecrated land and benefice property such as the church building, and vicarage is excluded from the
accounts in accordance with slo of the Charities Att 2011. Moveable church contents are held by the vicar
and churchwardens on special trust for the PCC and require a faculty for disposal and are accounted as
inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and
moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of
Financial Activitie5.
Other Fixtures, Fittings & Office Equipment
Historically the cost of furniture, fittings and equipment has been expensed. From 2020 furniture, fittings and
equipment costing more than £500 has been capitalised and depreciated on a straight-line basis over their
useful life which is currently taken to be 3 years for IT equipment, 10 years for projection equipment and 30
years for the grand piano.
Debtors
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of opening of the deposit.
Creditors and provisions
Creditors and provisions are recognised where the PCC has a present obligation arising from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
Fund accounting
The funds held by the PCC are either..
Unrestricted general funds - these are funds which can be used in accordance with the PCC objects at
the discretion of the PCC.
Restricted funds - these are funds that can only be used for particular restricted purposes within the
objects of the PCC. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
A brief description of the different types of funds held by the church is detailed in notes 9 & 10. Where
appropriate, the PCC will set up a designated fund in anticipation of future commitments and a transfer is
made from the General Fund. Where the prospective commitments crystallise, transfers are made from the
designated fund to the General Fund.
Rounding
In a few cases it has not been possible to correct small rounding differences and therefore some
figures may not cross check by up to £1.00 in the accounts and notes.
Holy Trinity Church, Sheen Park, Richmond, Surrey, TW9 IUP
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Income (note 2)
Unrestricted
Fund5
Reslricled
Funds
Total 2024
Total 2023
Donations and legacies
Planned Giving
One-off Giving
Tax on Planned and One-off Giving
Collections at servlces
Legacies
Gift Day {including lax refvjndl
Missionary Collections
Grants received
Discretionary Fund (including lax reftjndl
248.776
65,485
47,642
60
10.513
248,776
65,485
47.642
60
10,513
46,171
492
20,404
517
440,060
276,046
39,776
49,293
20,941
31,498
1,516
100
426
419.596
46,171
492
20,404
517
47.180
392,880
Other trading activities
chU￿h Centre - Rental Income
33.476
33.476
33.476
33.476
37,292
37.292
ChaTltable aetlvltles
Fees {nell
Church Activities (gross income from church aclimties)
200
5,439
5.639
200
5,439
5,639
547
3.452
3.999
Investments
Deposit interest
62,416
62.416
62.416
62.416
53.781
53,781
Other
Sundries
531
531
531
531
227
227
Total income
494.942
47.180
542.122
514,895
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Expenditure on Charitable Activities (note 3)
Unrestricted
Funds
Restricted
Funds
Note
Total 2024
Total 2023
Missionary and charltable giving
Outreach
Gift Day
Missionary Collections
Discretionary Fund Igrants madel
21.700
21,700
46,170
492
7,610
75,972
22,440
31,500
515
6,561
61.016
46,170
492
7,610
54.272
21,700
Mlnlstry costs
Staff costs
Parish Support Fund
Deanery Synod costs
Clergylslaff '.
- Expenses
Conferences & training
119,622
130,980
119.622
130,980
104,239
126,800
1,318
3.395
255.315
1,318
3.395
255,31S
1,766
1,110
233.915
Church life
Youth Work {gross)
Children's WoTk Igross)
HT School - leaver Blbles
Expenses
Alpha courses {gross}
Men'slwomen's events (gross)
Group conferences & Trips (including Focus) (gross}
4,365
6,542
558
10,138
4,365
6.542
558
10,138
2.682
7.006
761
10,025
781
233
2,170
23.658
713
3.508
25.824
713
3.508
25,824
Property costs
17.874
6,325
17,985
35,578
17,874
6,325
17.985
35.578
10,751
6.051
29.248
17.554
44.689
108,293
Insurance
Cleaning
General maintenance and repairs
Building Project (Fees)
77.762
77.762
Administration & Support
Staff costs
Office Expenses
Finance Adminislralion Expenses
Depreciation Charge {Plant & Equipment)
IT Coslsl Website
Sundries
67,409
6.537
5.120
3.120
1.080
612
83,878
67.409
6,537
5.120
3.120
1,080
612
83,878
59,352
7,163
4.500
3,328
1.224
1.413
76.980
Governance Costs
Independent Examination
1,110
1.110
1.110
1,110
1,080
1,080
Total Cost of Charltable Activities
465,589
54.272
519.861
504.942
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Mission & Charitable Giving (note 4)
Unrestricted
Funds
Restricted
Funds
Total 2024
Total 2023
Givlng to or9anisations:
Outreach
Sarah Casson working wlh Wycliffe in translating The Bible with SIL
Internation81 in Bunia. DR Congo.
Karls Kids.
Riverbank Trust la Christian Ministry which seeks to love and support
vulnerable and isolated single mums and their families in the
Kick (a charity that aims to 'Transform young people's lives with God's
Love through sport" combining sport and life skills, underpinned by
Christian values).
LVA Trust.
Vineyard Community Centre
Open Doors (Mission for persecuted Chrisliansl
Operation Mobilisation
World Vision
Richmond & Barnes Deanery {Knife appeal)
Palli Palem Mission
Prison Fellowship
Tearfund
St Petevs
Gift Day..
Riverbank Trust
LVA Trust.
MAF (UK)
Open Doors {Mission for persecuted Chrisliansl
Karls Kids.
Other Outreachlmlsslon glvlng:
Children's Society (Christmas Service)
Tearfund
Bishop's Lent Call {Confirmalion SeNice collection)
Givlng to individuals
Discretlonary Fund
Grants made
1.500
1,500
1.500
4,000
4,000
4,000
4.000
4,750
3,870
3.750
3.750
3.500
3.750
1,500
2.000
500
3,750
1,500
2,000
500
3.500
1,320
1,250
500
400
1.000
200
150
soo
250
250
200
250
250
200
15,390
15.390
10,500
10,500
10,500
15.390
15.390
15,390
15,390
141
227
124
141
227
124
171
344
7.610
54.272
7,610
75,972
6.561
61.016
21.700
More information on some of the recipients of our giving can be found in the section on Public Benefit and
activities in 2024 (Page 91.
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Trustee and Staff Costs (note 5)
Trustee Remuneration and Expenses
None of the members of the PCC was remunerated or reimbursed for their expenses in their capacity as PCC
members. Staff costs include the following payroll costs..
Unrestricted
Funds
Restricted
Funds
Staff Costs
Total 2024
Total 2023
Salaries and wages (including allowances)
Social security costs
Less Employer's Allowance
Employers Pension Costs
144.036
12,450
{ 5,000}
7,926
159,412
144.036
12,450
{ 5,000}
7,926
159,412
132.337
11.265
15,0001
5,267
143.868
The above table is in respect of the staff directly employed by the PCC and excludes payments to the Diocese
of Southwark.
As at 31 December 2024 the PCC employed 6 staff131 December 2023,. 61. Some members of staff are part
time, equating to 4.71 full time equivalents12023 4.711.
The PCC introduced a defined contribution pension arrangement in April 2015 for staff it employs. The PCC
matches employee contributions up to a certain level which was increased in 2024, with arrangements that
are more generous than the statutory requirement. The PCC is using The People's Partnership as its pension
provider.
Key Management Personnel - No member of the Standing Committee received any expenses in this or their
role as PCC members, although the Clergy members received expenses as set out in the Diocese of Southwark's
guidance. Salaries and Wages include payments totalling £30,061 to Liz Morris our Operations Manager & PCC
Secretary12023 £32,958).
No employee received remuneration in exce55 of £60,000 {2023: none)
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Tangible Fixed Assets (note 6)
Plant &
Equipment
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
42,323
42,323
Depreciation
At 1 January 2024
Change for the year
At 31 December 2024
7,698
3,120
10.818
Net book value
At 1 January 2024
34.625
At 31 December 2024
31.505
Holy Trinity Church Centre, including the building complex attached to the church, is the base for all
administrative and community activities carried out by the PCC. The clergy and staff offices are also located in
the Church Centre.
Plant, Equipment and other fixed assets costing more than £500 are capitalised and depreciated over their
useful life which is currently taken to be between 3 and 30 years.
Debtors {note 7)
2024
2023
Income tax recoverable
Other debtors (Discretionary Fund)
Prepayments and accrued income
3,274
2.065
16,804
22,143
3,645
750
29.947
34,342
Creditors- amounts due within one year (note 8)
2024
2023
Accruals
19,276
7.868
19,276
7,868
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Unrestricted Funds (note 9)
Asat
Asat
Other
Recognised
Gains &
Losses
Currgnt year
01 Jan-24
Income Expenditure
Transfers
31i10¢-24
General Fund
Designated Funds..
Building Fund
Mission Fund
114,242
494,942 { 465,5891
128.3541
115,241
701,359
10.640
28,000
729,359
10,640
826.241
494.942
465,589
354
855,240
Note The transfers in the above table are in respect of a £28.000 movement of surplus
funds lo the Building Fund and a small adjustment of £354.00 to adjust the balance of
the Discretionary Fund.
Asat
Asat
Other
Recognised
Gains &
Losses
Prior year
01-Jan-23
Income Ewenditure
Transfers
31-Dec-23
General Fund
Designated Funds:
Building Fund
Mission Fund
81.153
481.455 1465.3661
17,000
114,242
718,359
10.640
117.000)
701.359
10,640
810.152
481,455
465.366
826,241
Note The transaction in the above table is a wthdrawal of £17,000 from the Building Fund to
cover a deficit in the year.
Designated building fund: This fund was set up to allow for periodic repair and maintenance work to the fabric
of the Church and Church Centre. Following the 2005 Quinquenni31 Review the PCC decided to put aside a sum
each year to help cover the likely cost of replacing the main roof and other works. In 2023 as the PCC had
agreed to fund a number of studies into the feasibility of undertaking these works, no transfer was made. The
2021 Quinquennial Review confirmed the need to carry out work on our main roof, guttering and stonework
shortly, and we are looking to schedule this work alongside other refurbishment work and further
development of our building.
Designated Mission Fund: This fund was set up to support Church members gain experience of mission work
overseas.
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Restricted Funds (note 10)
Other
Recognised
Gains &
losses
Asat
0110112024
Asat
3111212024
Current year
Income Expendlture
Transfers
Youth & Children's Minister's Housing Fund
Discretionary Fund
Church Plant Fund
Gift Day Fund
Bulldlng Fund (Restricted)
Missionary Collections
371,794
14,526
7.000
564
67.813
371.794
7,787
7,000
565
67.813
517
17,610)
354
46,171
146,1701
492
14921
Total
461.697
47,180
54,272
354
454,959
Note The transfer in the above table is a small adjustment to adjust the balance of the
Discretionary Fund
er
Recognised
Gains &
losses
Asal
0110112023
Asat
3111212023
Prior year
Income Expenditure
Trar¢sfers
Youth & Children's Minister's Housing Fund
Discretionary Fund
Church Plant Fund
Gift Day Fund
Building Fund (Reslrictedl
Missionary Collections
371,794
20.661
7.000
566
67.813
371,794
14.526
7,000
564
67.813
426
16.561)
31,498
(31,500)
1,516
(1,516)
Total
467,834
33,440
39,577
461,697
Youth & Children's Minister's Housing Fund: Was created in 2007 as the result of a fund-raising campaign,
the sparrow Project, with a view to purchasing a residential property for the Youth & Children's Minister.
The purchase was funded by a mix of one-off donations, donations made over a number of years and some
interest free loans. A leasehold flat was purchased in August 2007. By December 2012 all loans were repaid.
In accordance with our Accounting Policy, the increase in the carrying value of the PCC'S leasehold property
as a result of the tri-annual review was recognised as gains against this Fund. Following a review of the use
of the flat during 2021, the flat was sold in September 2021, with the proceeds, less costs, retained in the
Fund.
Discretionary Fund: The Discretionary Fund is managed confidentially, in cases of hardship within the
congregation. by the Vicar (Dan Wells), one of the Warden5 (James Thornton) and Liz Morris (Operations
Manager). It is currently administered by Keith Nurse. The figure5 in the accounts include the value of loans
made by the fund and yet to be repaid.
Church Plant Fund: Thi5 fund is to help fund the next Church Plant proposed by the Church.
Gift Day Fund.. This represents the balance of funds collected by the Gift Day collection, over and above the
amount5 given to the various recipients of the collection.
Building Fund: This fund has been created from contributions received towards the costs of funding a new
building projert, which the PCC is planning at an appropriate time.
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Operating Lease Commitments (note 11)
The total future minimum lease payments under non-cancellable operating leases payable are set out below:
2024
2023
Not later than one year
Later than one year and not later than five years
837
837
837
1,674
837
Net Cash in Use {operating activities) {note 12)
Unrestrlcted Restricted
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Net incornel {expenditure) for the year
las per Statement of Financial Activities)
Adjustment for:
Capital Expenditure
Disposal of Capital Assets
Interest on investments
{Increase)I decrease in debtors
{Increase)I decrease in credilors
Depreciation Charges
Net Cash Used in (operating activities)
28,999
(6.738)
22.261
9,953
(37.7451
162,416)
9.318
278
3,120
(20,701
(62,4161
12,199
11,409
3,120
{ 13,427
{ 53.7811
1,237
(7.4521
3,328
(84,460)
2,881
11,131
7,274
Related Parties (note 13)
Riverbank Trust (Charity Registration Number 1143758): £3,750 in regular donations {2023: £3,870), a
£15,390 Gift Day payment12023: £10,500), and provision of office space and support. Geraldine Stride {PCC
member until May 2024 and the current Mi55ion Committee Chairl is Riverbank's Chair, Anke Marais IPCC
member) is employed by the Trust, and our Vicar {to January 20251 Dan Wells was a Trustee.
LVA Trust (Charity Registration Number 1169505): £3,500 in regular donations (2023: £3,500). Barnaby
Chapman {PCC member until May 20241 is an LVA Trustee. A 2023 Gift Day contribution of £10,500 was not
repeated.
Vineyard Community Centre (Charity Registration Number 1143951): £1,500 in regular donation5 (2023:
£1.320). Cathy Hewett {PCC member) has a relative employed by the Centre.
Regarding potential conflicts of interest, Rev. Ells 05good (Associate Vicar, PCC and Standing Committee
member) recuses herself from staff pay and conditions discussions due to her marriage to Matt Osgood, the
Pcc-employed Worship Pastor.
PCC members donated £29,220 to the church12023.. £34,580), net of tax reclaims. No PCC members received
remuneration for their services. The PCC reimbursed two of 16 PCC members £1,314 for travel, training, and
hospitality expenses incurred on church busine5512023: one of 16 members, £1,712), in accordance with
Diocesan guidance.
HolyTrinity Church, Sheen Park, Richmond, Surrey, TW9 IUP
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