HOLY TRINITY CHURCH PCC OF HOLY TRINITY, COOKHAM ANNUAL REPORT & END OF YEAR FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024
PCC OF HOLY TRINITY CHURCH- 31/1212024 PAGE 2
BACKGROUND The parishes of Holy Trinity Cookham and St. John the Baptist Cookham Dean fomi The Benefice of the Cookhams. The Parochial Church Council IPCCI of Holy Trinity has the responsibility of cooperating with the incumbent in promoting within the ecclesiastical parish the whole mission of the Church- pastoral, evangelistic, ecumenical and social. It also ha5 responsibilities for the maintenance of the church and churchyard of Holy Trinity, Churchgate, Cookham. The PCC is additionally responsible for the management and maintenance of the Parish Centre, including three leased flats, the Paddock, adjacent to the churchyard, and a residential property at 53 Broomhill, Cookham {sold during the year), which during the year were held in trust for the PCC by the Diocesan Trustees (Oxford) Ltd. The PCC is a Registered Charity, No. 1129876. MEMBERSHIP Member5 of the PCC are either ex officio or elected by the Annual Parochial Church Meeting {APCM} in accordance with the Church Representation Rules. During the year the following persons served as members of the PCC. Incumbent: The Revd Stephen Mills {appointed 10 January 20241 Associate Priest: The Revd David Joynes Ire5i8ned 31 March 2024) Licensed Lay Minister Richard Simmonds Church Wardens: Bernadette Clark Mark Stockdale {Chair of PCC) Deanery Synod representatives: Bernadette Clark David Harrold Elected Members: Mike Clark David Gaselee Anne McNeil (Secretary) rim Sharples (Treasurer) Nicola Stingelin-Giles Philip Davidson Andra Rigbv (appointed 28 April 2024} (appointed 28 April 2024) {appointer 28 April 2024) The ft)Ilowing committees were elected at the first meeting of the PCC after the APCM in April 2024: Standing Committee and the Stewardship and Fundraising Committee. PCC OF HOLY TRINITY CHURCH- 31/1212024 PAGE 3
CHURCH ATTENDANCE There were 208 names on the Church Electoral Roll as presented at the 2024 APCM. Revd Stephen Mills was instituted and inducted as Vicar of the Cookhams on 11 January 2024. The PCCS of both churches in the benefice agreed to us seeking to appoint a full-time associate priest to expand the churches, work but the first two rounds of advertising were unsuccessful. A further round is planned for early 2025. Average attendance at normal Sunday Services decreased slightly to 81 adults (85 in 2023) adults and 6 under 16s (as in 2023). There were 148 communicants on Easter Day (93 in 20231 and 250 on Christmas Day (189 in 2023), including the Vigil service. There were 12 baptisms during the year; 2 wedding5' and 5 funerals, memorials and interment of ashes. After several years, discussion with the Diocesan Advisory Committee, on 23 January 2024 the Chancellor of the Diocese of Oxford granted a faculty for an accessible toilet in the tower, installing gas-powered underfloor heating in the nave and 50Uth aisle, and supplementary heating there and in the east end. A contractor was appointed in June and the church closed after final services on 6 October, ready for work to start on 11 November. The project 15 on schedule to be completed by Easter 2025. While the church is closed, Sunday morning services are being held in Holy Trinity Church of England Primary School and evening sep4ices at St John the Baptist Church, Cookham Dean. REVIEW OF THE YEAR The PCC met on 6 occasions in 2024 and throughout the year each sub-committee, the Treasurer, the Deanery Synod and Ministry Team have reported to the PCC by means of written reports circulated prior to each meeting. This process allows the PCC to exercise proper scrutiny of the work of the committees and the PCC'S finances. Holy Trinity, st John the Baptist Church and the Methodist Church continued to tske turns to run a monthly Fellowship Lunch for older people, which has been very much welcomed and appreciated. Every lunch is fully booked. The annual Remembrance Sunday Service around Cookham War Memorial, complete with bugler to play The Last Post, was as well-supported as ever, and a substantial number of people joined the seniice in school that followed. We were pleased to welcome Holy Trinity Church of England Primary School into church for their end of summer term service, which saw our church packed with children. staff and families. As the church was closed, on Christmas Eve 2024 we held an open-air Crib Serrfice in the Parish Centre, complete with a snow machine, lighting and mulled wine attended by over 200 people, our most popular seniice of the year. Other Christmas services were well attended, and we held our traditional candlelit Christmas Day Evening Carol Ser4ice at St John the Baptist Church, Cookham Dean. Online lay-led prayers twice a week, and musical offerings by our choirs, continued to attract a lot of hits. This PCC Report, for the year ending 31 December 2024, was approved by the PCC at its meeting on 19 March 2025. Signed Mark Stockdale, Chair of PCC PCC OF HOLY TRINITY CHURCH- 31112/2024 PAGE 4
FINANCIAL STATEMENTS - PCC STATEMENT The attached financial statement5 have been prepared by the Parish Church Council IPCCI of Holy Trinity, Cookham to show the financial position at 31 December 2024. The PCC is responsible for preparing an annual report and financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles). The law applicable to PCCS in England and Wales requires the PCC to prepare financial statement for each year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources, of the PCC for that period. In preparing the financial statements, the PCC is required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the applicable Charities SORP; Make judgements and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, Subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the 8oin8 concern basis unless it is inappropriate to presume that the PCC will continue in business. The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 (Accounts and Reports} Regulations and the provisions of the PCC Powers Measure 1956, Church Representation Rules 2006). They are also responsible for safeguarding the assets of the PCC and those under their care and taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the church and financial information included on the Charity Commission's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the PCC on 025 and signed on their behalf by Mark Stockdale, Chair of PCC PCC OF HOLY TRINITY CHURCH- 31112/2024 PAGE 5
REPORT OF INDEPENDENT EXAMINER I report on the accounts for the PCC for the year ended 31 December 2024, which are set out on pages 7 to 15. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charivs trustees are responsible for the preparation of the accounts. The charitWs trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act; To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5}Ib) of the Charitie5 Act. and To state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with general Directions given by the Charitie5 Commission. An examination includes a review of the accounting records kept by the charity and a comparison 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a "true and fairt view and the report 15 limited to those matter set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention l. Which gives me reasonable cause to believe that in, any material respect, the requirements: To keep accounting records in accordance with section 130 of the Charities Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date i sl)ILU Name Roger Groeneweg Qualifications ACMA Address 6, Wakelins End, Cookham, Berkshire SL6 9TQ PCC OF HOLY TRINITY CHURCH- 3111212024 PAGE 6
STATEMENT OF FINANCIAL ACTIVITIES - 2024 note Unrestricted Restrlcted Endowment funds Funds funds Total Last Year Total Income and endowments from Donations and legacies Income from charitable activities Other trading activities Investment income Total income 3{a) 3{b) 31cl 3{dl 123,681 4,366 33,582 52.896 214,525 146,972 6,417 1,837 17,575 172.801 270,653 10,783 35,419 70,471 387,326 172,361 16,455 34,297 55,654 278,767 Expenditure on.. Raising funds Charitable activities Total expenditure 27,332 206,201 233,533 1,031 151,269 152,300 28,363 357,470 385,833 37,462 223,538 261,000 Net Income of resources before transfer (19,008) 20,501 1.493 17,767 Transfers Gross transfers between funds- in Gross transfers between funds- out 1,288 {1,288) 1,288 300,501 11,288) {300,501) Other recognised gains / losses Gains / losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement In funds (19,008) 20.501 1,493 17,767 Total funds brought forward 1,226,205 467,430 1,693,635 1,675,868 Total funds carried forward 1,207,197 487,931 1,695,128 1,693,635 The income and expenditure by fund is detailed in Note 6 PCC OF HOLY TRINITY CHURCH- 3111212024 PAGE 7
BALANCE SHEET AS AT 31 DECEMBER 2024 Total funds Prior year funds Note Fixed assets Tangible assets Investments 14,795 I,iio,000 1.124,795 16,644 I,iio,000 1,126.644 Current assets Debtors Fixed term deposits Cash at bank and in hand 7,711 533,194 42,504 583,409 9,661 519,756 39,997 569,414 Liabilities Creditors: Amounts falling due in one year 13,076 13,076 2,423 2,423 Net current assets less current liabilitles 570,333 566,991 Total assets less current liabilities 1,695,128 1,693,635 Total net assets less liabilities 1,695,128 1,693,635 Represented by Unrestrlcted General fund 96,206 115,066 Designated funds Fixed Assets Children's Holiday Camp St John the Baptist Vicarage credit account Men's Breakfast account 1,110,000 I,oii 120) I,iio,000 1,011 128 Restricted Bells & Bell Tower Appeal Collections for other charities Friends of Holy Trinity Church Restoration fund Fees collected in connection with weddings and funerals Churchyard {Yew Tree) fund 1,957 1,765 748 1,240 463,264 1,240 484,734 413 Funds of the church 1,695,128 1,693,635 The notes at pages 9 to 15 form part of these accounts. .1£ and signed on its behalf by IskcLI. PCC OF HOLY TRINITY CHURCH- 31/12/2024 PAGE 8
NOTES TO THE FINANCIAL STATEMENT- YEAR ENDING 31 DECEMBER 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with together with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities, published on 16 July 2014, the Financial Reporting Standard for Smaller Entities IFRSSE), and the Church Accounting Regulations 2006. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 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 their main affiliation to another body, nor those that are informal gatherings of church members. FUNDS Restrictedfunds represent donations and grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must then be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment. interest is apportioned to the general fund. Endowment 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. Unrestrictedfunds are general funds which can be used for PCC ordinary purposes. INCOMING RESOURCES Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. RESOURCES EXPENDED Grants and donations are accounted for when paid over, or when awarded, if that award created a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted fund5. Al other expenditure is generally recognised when it is incurred and is accounted for gross. FIXED ASSETS Consecrated and benefice property is not included in the accounts in accordance with $9612)(a} of the Charities Act 1993. PCC OF HOLY TRINITY CHURCH- 31/12/2024 PAGE 9
Movable church furnishings held by the vicar and the churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently, no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. Freehold land and buildings are written off over their estimated useful lives. Plant and machinery are written off over their estimated useful life. Investment assets are valued at market value STAFF COSTS 2024 £28,573 2023 £27,130 2022 £23,858 2021 £20,848 2020 £21,907 Wages and Salaries Igrossl Social security costs Total £28,573 £27,130 £23,858 £20,848 £21,907 During the year, the PCC employed a Director of Music and part-time Parish Administrator, book-keeper and a caretaker for the Parish Centre. No employee earned more than £40,000 pa. During the year, no PCC member received any compensation for work for the PCC. NOTES ON INCOME Total Unrestricted Desi 64,533 11,079 3,801 5,730 894 812 1,548 20,449 nated Restrirted Endowment This 8,870 73,403 5,160 16,239 3,801 6,435 1,523 38,683 73,064 32,739 2,000 3,500 ear Last ear Gift Aided donations- Bank Gift Aided donations- Envelopes Other planned giving Loose plate collections Giving through church boxes One-off Gift Aid gifts Donations appeals etc Tax recoverable on Gift Aid Legacies Recurring grants Benefice costs recharged to St John the Baptlst Non-recurring one-off grants Other funds generated 68,358 13,047 7,811 9,907 1,890 4,024 5,559 21,802 18,343 3,500 705 629 37,871 71,516 12,290 3,500 7,171 966 8,137 8,169 2,734 7,217 2,642 556 7,931 11,129 Total £122.159 £1.522 £146,972 £270,653 £172,361 PCC OF HOLY TRINITY CHURCH - 31112/2024 PAGE 10
3(BI INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Totooal Unrestricted Desi nated Restricted Endowment This ear Last ear Fees for weddings and funerals 4,366 6,417 10,783 16,455 Total £4,366 £6,417 £10,783 £16,455 3jCj INCOMING RESOURCES FROM GENERATED FUNDS- OTHER TRADING ACTIVITY Total Unrestricted Desi 3,424 328 22,508 7,322 nated Restricted Endowment This 3,424 2165 22,508 7,322 ear Last ear Paddock Income Bookstall sales - fund raising Church hall lettings - fund raising Magazine income - advertising 4,001 2,057 21,338 6,901 1,837 Total £33,582 £0 £1,837 £35,419 £34,297 3{DI INCOMING RESOURCES FROM GENERATED FUNDS- INVESTMENT INCOME Total Unrestricted Desi 8,366 44,530 nated Restricted 17.575 Endowment Thls 25,941 44,530 ear Last ear Bank and building society interest Rent from lands or buildings 14,498 41,156 Total 52,896 17,575 70,471 £55,654 PCC OF HOLY TRINITY CHURCH- 31/12/2024 PAGE 11
COSTS OF RAISING FUNDS Total Unrestrirted Desi nated Restricted 156 875 Endowment This ear Last ear Fees paid for fund-raising Costs of fetes & other events Letting Agents fees etc Rental properties- maintenance Printing costs 156 2,678 5,583 2,418 17,528 950 362 13,087 5,891 17,172 1,238 5,583 2,418 17,528 565 Total £26,767 £565 £1,031 £28.363 £37,462 EXPENDITURE DIRECTLY RELATED TO THE WORK OF THE CHURCH Total Unrestrlcted Desl nated Restrirted Endowment 65 127 150 1,489 103,354 4,405 694 1,803 1,856 6,567 9,190 42,928 3,068 10,050 20,965 Thls ear Last ear Giving to church agencies Giving to secular charities Stipends quota Organist and choir Working expenses, ministry team Organ / piano maintenance Church maintenance Upkeep of services Upkeep of churchyard Administration Running the church Running the Parish Centre Parish Centre maintenance 192 1639 103,354 5,185 1714 50 2,008 103,679 6,375 1,482 805 12,302 9,524 11,785 40,734 3,857 18,976 11,961 780 336 1803 140,768 9,920 11,578 47,234 3068 10,050 20,965 138,912 3,312 2,388 3,577 41 729 Total £205,095 £1,106 £151,269 £357,470 £223,538 PCC OF HOLY TRINITY CHURCH- 31112/2024 PAGE 12
MOVEMENT OF FUNDS OVER YEAR Opening Incoming Outgoing Transfers Gains/losses Closing Restricted Funds Bells & Bell Tower Fund Collections for other charities Friends of Holy Trinity Restoration Fund Fees collected- weddings and funerals Churchyard (Yew Trees) fund 1,765 748 1,240 463,264 192 868 1,957 1,616 1,240 484,734 165,480 6,261 144,010 6,261 413 413 Designated Funds Fixed Assets Cookham Kids Holiday Club St John the Baptist Vicarage credit account Men's Breakfast I,iio,000 1,011 I,iio,000 I,oii (201 966 120 1,725 986 120 565 128 (1,288) Unrestricted Funds General fund Grand total 115,066 1.693,635 211,714 387,326 231,862 385,833 1,288 96,206 1,695,128 PCC OF HOLY TRINITY CHURCH 31112/2024 PAGE 13
FIXED ASSETS Freehold Land & Buildings Plant & Machinery Investments Total Gross Book Value at beginning of year Revaluation Acquisitions Sales 200,496 23,916 1,110,000 1,334,412 Gross Book Value {inc. revaluations} at 31 December 2024 200,496 23,916 1,110,000 1,334,412 Accumulated Depreciation at l January 2024 Charge for the year 200,496 7,272 1,849 207,768 1,849 Accumulated Depreciation at 31 December 2024 200,496 9,121 209,617 Net book value at 31 December 2024 14,795 1,110,000 1,124,795 Net book value at 31 December 2023 16,644 I,iio,000 1,126,644 NOTES: l) The freehold land and buildings is the Parish Centre which is held at the value estimated by the PCC. 2) The Plant & Machinery are the new cooker and chairs for the Parish Centre. We are writin8 off the values over the expected useful lifetime taken to be 10 years for both the chairs and the cooker. 31 The investment assets are the flats above the Parish Centre {valued at £1,110,000), all are commercially let. 41 The Revaluation Account now stands at a total of £845,OtX) representing the accumulation of revaluations since 2006. 51 Freehold land and buildings (see Note I to the Accounts) are written off over their estimated useful lives, which for the Parish Centre is 20 years. IPCC OF HOLY TRINITY CHURCH- 3111212024 PAGE 14
DEBTORS This ear Last Year Gift-aid recoverable from HMRC Trade debtors 4,641 3,070 2,911 6,750 7.771 9,661 CREDITORS This Last Year 785 1,638 Amount5 collected on behalf of other charities Other creditors 127 12,949 13,076 2,423 PCC OF HOLY TRINITY CHURCH- 3111212024 PAGE 15
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