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|||Page|
|---|---|---|
|Annual
report||1 —7|
|Auditor's
report||8 —9|
|Statement
offinancial|activities|10|
|Balance sheet|||
|Cash flow statement||12|
|Notes to the financial|statements|13—22|
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|Holy Trinity Church|Holy Trinity Church|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|(Trinity) is situated
in Cheltenham.|It is part ofthe Diocese of Gloucester|It is part ofthe Diocese of Gloucester|It is part ofthe Diocese of Gloucester|It is part ofthe Diocese of Gloucester|It is part ofthe Diocese of Gloucester|It is part ofthe Diocese of Gloucester|within the Church of England.|within the Church of England.|within the Church of England.|within the Church of England.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The correspondence|||address||is|Holy Trinity Church,|||Trinity House, 100-102Winchcombe||||||Street, Cheltenham,||||GL52 2NW.|
|The Parochial|Church||Council ofthe Ecclesiastical||||||Parish of||Holy Trinity, Cheltenham|||is a charity|||registered||in the UK with|
|the Charity
Commission,
charity
number 1130299.The PCC
Measure 1956(as amended)
and the Church
Representation|||||||||||are also governed
by the
Rules 1969(as amended).|||Parochial|||Church|Council (Powers)||
|Officers and Trustees|||who have|||served from 1||January||2021|until the date this report was||||approved||are:|||
|Name||||||Post|||||Dates (if|part|year)|||||||
|Officers||||||||||||||||||||
|Rev Andrew
Blyth||||||Chair||||||||||||||
|Christine
Robertson||||||Treasurer||||||||||||||
|Jenny Harris||||||Secretary|||||Until 4'"|October 2021||||||||
|Helen Moss||||||Secretary|||||From 4|October 2021||||||||
|Julia Thomson||||||Electoral||Roll Ofticer||||||||||||
|Trustees||||||||||||||||||||
|David Baker||||||Deanery|Synod||Member||Until 31"August 2021|||||||||
|Clare Benton||||||Elected||||||||||||||
|Rev Andrew
Blyth||||||Ex-Officio||||||||||||||
|Nick Eden||||||Elected||||||||||||||
|Mike Fuller||||||Deanery Synod|||Member|||||||||||
|Mark Giles||||||Elected|||||Until 24'|May 2021||||||||
|Rachael
Gill||||||Elected|||||From 24'
May 2021|||||||||
|Rev Timothy Grew||||||Ex-Officio||||||||||||||
|Iona Hay||||||Deanery Synod|||Member|||||||||||
|Jenny Harris||||||Elected||||||||||||||
|Tom Johnson||||||Elected||||||||||||||
|Elizabeth
Lang||||||Churchwarden||||||||||||||
|Barry Lambert||||||Churchwarden||||||||||||||
|David Lee||||||Elected|||||Until 24'" May||2021|||||||
|Alex Metcalfe||||||Elected||||||||||||||
|Helen Moss||||||Elected||||||||||||||
|David Rowe||||||Elected||||||||||||||
|Edmund
Smith||||||Elected||||||||||||||
|Henry Steven||||||Elected|||||From 24" May 2021|||||||||
|Peter Strachan||||||Co-opted|||||Until 31"July||2021|||||||
|Milcah Troughton||||||Deanery Synod|||Member|||||||||||
|Sophie Whisker||||||Elected||||||||||||||
|Andrew Whittaker||||||Elected||||||||||||||
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|The charities'|Bankers, Solicitors and Auditors are:|Bankers, Solicitors and Auditors are:||||
|---|---|---|---|---|---|
|Solicitors||Bankers|Auditors|||
|BPESolicitors|LLP|NatWest Bank PLC|Hazlewoods||LLP|
|St James' House||31 Promenade|Staverton|Court||
|StJames' Square||Cheltenham|S tave rton|||
|Cheltenham||GL50 1LE|Cheltenham|||
|GL50 3PR|||GL51 OUX|||
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||||Note|Unrestricted|Restricted|2021 Total|2020 Total|
|---|---|---|---|---|---|---|---|
|||||Funds
f|Funds|Fundsf|Funds
f|
|Income and endowments||from:||||||
|Donations
and legacies||||807,353|238,886|1,046,239|1,219,437|
|Other trading
activities||||29,618|16,697|46,315|30,991|
|Other income||||8,038||8,038|10,429|
|Total income and endowments||||845,009|255,583|1,100,592|1,260,857|
|Expenditure
on:||||||||
|Raising funds||||(158)||(158)|(184)|
|Charitable
activities||||(817,429)|(621,562)|(1,438,991)|(914,417)|
|Total expenditure||||(817,587)|(621,562)|(1,439,149)|(914,601)|
|Net (expenditure)/income||||27,422|(365,979)|(338,557)|346,256|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||106,575|482,715|589,290|243,034|
|Total funds carried|forward||14-16|133,997|116,736|250,733|589,290|
|||||||Registered|Charity No: 1130299|Charity No: 1130299|
|---|---|---|---|---|---|---|---|---|
||||Note|2021|2021|2020||2020|
||||||||f|f|
|Fixed Assets|||||||||
|Tangible assets|||10||38,117|||42,301|
|Current Assets|||||||||
|Stocks||||6,000||7,000|||
|Debtors||||55,026||24,074|||
|Cash at bank and|in hand|||192,336||554,146|||
|||||253,362||585,220|||
|Liabilities|||||||||
|Creditors: amounts
within one year||falling due|12|(40,746)||(38,231)|||
|Net Current Assets|||||212,616|||546,989|
|Net Assets|||||250,733|||589,290|
|The Funds ofthe|Charity||||||||
|Restricted
income|funds||14||116,736|||482,715|
|Unrestricted
income||funds|15||133,997|||106,575|
|Total Charity Funds|||16||250,733|||589,290|
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||||f||f|
|Cash flows from operating|activities|||||||
|Net income over expenditure|for the financial||year||(338,557)||346,256|
|Adjustments
for||||||||
|Depreciation
ofproperty
plant and equipment||||6,944||6,721||
|(Increase)/Decrease
in trade and||other receivables||(30,952)||(3,527)||
|Decrease
in inventories||||1,000||||
|(Decrease)/Increase
in trade payables||||2,515||(28,005)||
|Net cash (expended)/generated||from operating||||||
|activities|||||(20,493)||(24,811)|
|Cash flows from investing|activities|||||||
|Purchase offixed assets||||(2,760)||(37,725)||
|Net cash (expended)/generated||from investing||||||
|activities|||||(2,760)||(37,725)|
|Net (decrease)/increase
in|cash|and cash|equivalents||(361,810)||283,720|
|Cash and cash equivalents|at the|beginning|ofthe year||554,146||270,426|
|Cash and cash equivalents|at the|end ofthe|year||192,336||554,146|
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|1.5|Expenditure|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Expenditure
is included
on an accruals basis and|is|recognised
when there is a legal or constructive||||||||obligation||to|
||pay for expenditure.
Costs are attributed
to one|of|the financial|categories
of|||expenditure||in the||statement||of|
||financial
activities.
The support
costs are apportioned
directly|||to the|charitable
activity||||where||possible,||the|
||remainder
are split equally
between
Ministry support
and Pastoral|||and Evangelistic|||expenses||support.|||||
||Fixed assets|||||||||||||
||Consecrated
and beneficed
property
of any
kind|is|excluded
from the financial||||statements||by|s96(2)(a) of|||the|
||Charities Act 1993.|||||||||||||
||Fixtures,
fittings
and office equipment
- depreciation||is provided
using the||straight||line method
at|||rates calculated||||
||to write off the assets over their useful
economic|lives. The rate||used
is 25%||per annum||apart||from for||specific||
||assets whose useful
life is considered
to be longer,|whereby
the appropriate|||rate||is used, subject|||to|a minimum||of|
||10%.Amounts
are capitalised
where
they exceed|f1,250 and where the life of the assets||||||is not less than three||||||
||years.|||||||||||||
|1.7|Operating
Leases|||||||||||||
||Rentals payable
under operating
leases are charged
against income on a straight||||||line basis|over the lease||||term.||
|1.8|Pensions|||||||||||||
||The
charity
operates
a defined
contribution
pension
scheme.
Contributions|||||are charged|||to the||statement||of|
||financial
activities as they become payable
in accordance
with the|||rules ofthe scheme.||||||||||
|1.9|Stock|||||||||||||
||Stock is valued at the lower ofcost and net realisable||value.|||||||||||
|1.10|Ethical standards|||||||||||||
||ln
common
with
many
other
organisations
of our||size
and
nature,
we||use|our
auditors|||to|assist
with|||the|
||preparation
ofthe financial statements.|||||||||||||
||Judgements
and estimation
uncertainty|||||||||||||
||The Trustees
make estimates
and assumptions
concerning
the future.
There|||||are no estimates||||or|assumptions|||
||that have a significant
risk of causing a material
adjustment
to the|||carrying|amounts
ofassets||||and|liabilities||within||
||the next financial year.|||||||||||||
|1.12|Cash and cash equivalents|||||||||||||
||Cash
and
cash
equivalents
comprise
cash
in|hand
and
call||deposits,|and||other
short-term||||highly|liquid||
||investments
that are readily
convertible
to a known||amount
of cash and||are|subject to an|||insignificant|||risk|of|
||change
in value.|||||||||||||
|1.13|Trade debtors|||||||||||||
||Trade debtors are amounts
due from customers
for|merchandise
sold or services||||performed||in|the|ordinary||course||
||ofbusiness.|||||||||||||
||Trade debtors are recognised
initially at the transaction||price.
AII trade debtors are repayable||||||within one year and|||||
||hence are included
at the undiscounted
cost of cash||expected
to|be received.||A|provision|for the impairment|||||of|
||trade debtors
is established
when there is objective|evidence that the charity|||will|not be able||to collect|||all amounts|||
||due according to the original terms ofthe debtors.|||||||||||||
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|3.|Other trading|activities||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Restated|
|||||Funds
f|Funds
f|2021 Total|2020 Totalf|
||Church activities:|||||||
||Income from specific activities|||14,963||14,963|7,092|
||Pastoral
and evangelistic|||14,232|16,697|30,929|21,976|
||Worship
media|activity income||219||219|256|
||Investment
Income|||204||204|1,667|
||Total 2021|||29,618|16,697|46,315|30,991|
||Restated Total 2020|||19,168|11,823||30,991|
|4.|Other Income|||||||
|||||Unrestricted
Fundsf|Restricted
Funds
f|2021 Total
f|2020 Total
f|
||Coronavirus
job retention||scheme|8,038||8,038|10,249|
||Raising funds|||||||
|||||Unrestricted
Funds
f|Restricted
Fundsf|2021 Total|2020 Total
f|
||Cost ofWorship
income|media activity||158||158|184|
||Total 2020|||184|||184|
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||Note|Unrestricted|Restricted|2021 Total|2020 Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|Activities
undertaken:||E||||
|Missionary
appeals||||||
|Trinity Supported
Mission|Partners|||||
|Missionary
and charitable
giving||34,036|61,767|95,803|144,982|
|Administrative
expenses||118||118||
|Support costs|7|12,879||12,879|10,767|
|||47,033|61,767|108,800|155,749|
|Ministry||||||
|Parish Share||156,811||156,811|144,811|
|Welcome and discipleship||1,390||1,390|717|
|Staff costs||139,125||139,125|113,934|
|Worship,
prayer and
teaching||12,115||12,115|8,742|
|Printing,
postage and
stationery||36||36|31|
|Depreciation|10|732|2,740|3,472|3,360|
|Support costs|7|152,404|275,550|427,954|163,042|
|||462,613|278,290|740,903|434,637|
|Pastoral
&evangelistic|expenses|||||
|Sunday School and Youth||||||
|Activities||5,966||5,966|3,828|
|Gifts and pastoral care||5,257|5,954|"I1,211|12,706|
|Alpha, training
8||||||
|evangelistic
expenses||11,998||11,998|12,234|
|Staff costs||111,458||111,458|113,143|
|Administrative
expenses||9,637||9,637|9,402|
|Support costs||156,152|275,551|431,703|168,171|
|Other expenses||7,315||7,315|4,547|
|||307,783|281,505|589,288|324,031|
|Total cost ofactivities
undertaken||817,429|621,562|1,438,991|914,417|
|Total cost ofactivities
undertaken
2020||732,075|182,342||914,417|
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|Support costs|||||||
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted|2021 Total|2020 Total|
||||Funds
f|Funds
f|Fundsf|Funds
f|
|Church
running|||||||
|expenses|||||||
|Insurance|||3,813||3,813|3,767|
|Utilities and telephone|||6,979||6,979|7,405|
|Cleaning|||2,569||2,569|3,188|
|Repairs and maintenance|||1,302||1,302|941|
|New Development||||548,361|548,361|49,298|
|General
running|costs||79,211||79,211|78,554|
|Other expenses|||15,894||15,894|8,774|
|Events expenses|||5,745||5,745|1,285|
|Administrative
expenses|||8,250||8,249|7,098|
|Depreciation||10|732|2,740|3,472|3,361|
|Staff costs||8|191,660||191,660|173,317|
|Audit and accountancy
fees|||5,280||5,280|4,992|
|Total support costs|||321,435|551,101|872,536|341,980|
|||Unrestricted|Restricted|2021 Total|2020 Total|
|---|---|---|---|---|---|
|||Fundsf|Funds
f|Funds
f|Funds|
|Missionary|appeals|12,879||12,879|10,767|
|Ministry||152,404|275,550|427,954|163,042|
|Pastoral
8
expenses|evangelistic|156,152|275,551|431,703|168,171|
|Total support costs||321,435|551,101|872,536|341,980|
|Total support costs
2020||286,663|55,317||341,980|
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|Staff costs|||||
|---|---|---|---|---|
||||2021|2020|
||||Number|Number|
|Number ofemployees|||||
|The average
monthly
employees
were:|numbers|offull time equivalent|16|14|
|No employee
earned|more than|660,000 in the year (2020 - nil).|||
|Employment
costs|||||
||||2021|2020|
|Wages and salaries|||390,584|353,174|
|Social security costs|||25,557|22,980|
|Other pension costs|||22,140|19,722|
|Recruitment
costs|||110|110|
|Redundancy
payments|||||
|Other staff costs|||3,852|4,409|
||||442,243|400,395|
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|Tangible fixed assets||
|---|---|
||Fixtures, fittings|
||and equipment|
|Cost||
|At 1 January 2021|188,256|
|Additions
in the year|2,760|
|At 31 December 2021|191,016|
|Depreciation||
|At 1 January 2021|145,955|
|Charge for the year|6,944|
|At 31 December 2021|152,899|
|Net book values||
|At 31 December 2021|38,117|
|At 31 December 2020||
||42,301|
|11.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||f|
||General|debtors|||243|465|
||Gift Aid|recoverable|||31,605|14,419|
||Prepayments
and accrued income||||23,178|9,190|
||||||55,026|24,074|
|12.|Creditors: amounts||falling due within one year||||
||||||2021|2020|
||||||f||
||Expense|creditors|||4,930|4,189|
||Other creditors||||17,697|12,102|
||Accruals||||13,861|12,589|
||Deferred|income||13|4,258|9,351|
||||||40,746|38,231|
|13.|Deferred|income|||||
||||||2021|2020|
||Grants and donations||||||
||Balance|as at 1 January 2021|||9,351|7,013|
||Received|in the year|||21,393|22,384|
||Amount released to income and endowments||||(26,486)|(20,046)|
||Balance|as at 31 December 2021|||4,258|9,351|
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|Restricted funds|||||
|---|---|---|---|---|
||1 January|Income and|Expenditure|31 December|
||2021|endowments||2021|
||f||||
|Special collections|2,191|906|(2,496)|601|
|Specific purposes|471,427|236,840|(607,612)|100,655|
|Pastoral and evangelistic|9,097|17,837|(5,974)|20,960|
|Depreciation|||(5,480)|(5,480)|
||482,715|255,583|(621,562)|116,736|
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|Unrestricted|Unrestricted||funds|||||
|---|---|---|---|---|---|---|---|
|||||1 January|Income and|Expenditure|31 December|
|||||2021f|endowments||2021|
|General||||106,575|845,009|(817,587)|133,997|
|Analysis of||net assets between funds||||||
||||||Unrestricted|Restricted||
||||||funds|'funds|Total funds|
||||||f||E|
|Fund balances|||at 31 December 2021 as|||||
|represented||by:||||||
|Tangible|fixed||assets||7,872|30,245|38,117|
|Current|Assets||||166,871|86,491|253,362|
|Current|Liabilities||||(40,746)||(40,746)|
||||||133,997|116,736|250,733|
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