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|||Page|
|---|---|---|
|Annualreport||1 —7|
|Auditor's
report||8 —10|
|Statement offinancial|activities||
|Balance sheet||12|
|Gash flow statement||13|
|Notes to the financial|statements|14 —23|
##
|Officers and Trustees who|have served from
1 January 2022 un|til the date this report was app|til the date this report was app|
|---|---|---|---|
|Name|Post|Dates (ifpart year)||
|Officers||||
|Rev Andrew
Blyth|Chair|||
|Chnstine
Robertson|Treasurer|||
|Helen Moss|Secretary|||
|Julia Thomson|Electoral Roll Officer|||
|Trustees||||
|Clare Benton|Elected|||
|Rev Andrew
Blyth|Ex-Officio|||
|Caroline Breckon|Elected|From 22"|May 2022|
|Russel Brooks|Elected|From 224|May 2022|
|James Clapp|Elected|From 22"|May 2022|
|Nick Eden|Elected|||
|Mike Fuller|Deanery Synod Member|||
|Rachael
Gill|Elected|||
|Rev Timothy Grew|Ex-Officio|||
|iona Hay|Deanery Synod Member|||
|Jenny Harris|Elected|Until 22"'|May 2022|
|Tom Johnson|Elected|||
|Elizabeth
Lang|Churchwarden|||
|Barry Lambert|Churchwarden|||
|Alex Metcalfe|Elected|Until 22"|May 2022|
|Helen Moss|Elected|||
|Patdick Olaniyi|Deanery Synod Member|From 28e|November 2022|
|David Rowe|Elected|||
|Edmund
Smith|Elected|||
|Henry Steven|Elected|||
|Milcah Troughton|Deanery Synod Member|||
|Sophie Whisker|Elected|||
|Andrew Whittaker|Elected|Until 224v|May 2022|
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||||Note|Unrestricted|Restricted|2022 Total|2021 Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||K||6|6|
|Income and endowments||from:||||||
|Donations
and legacies||||817,881|108,342|926,223|1,046,239|
|Other trading
activities||||33,638|3,668|37,306|46,315|
|Other income|||||||8,038|
|Total income and endowments||||851,519|112,010|963,529|1,100,592|
|Expenditure
on:||||||||
|Raising funds||||(656)||(656)|(158)|
|Charitable
activities||||(918,737)|(108,966)|(1,027,703)|(1,438,991)|
|Total expenditure||||(919,393)|(108,966)|(1,028,359)|(1,439,149)|
|Net (expenditure)/income||||(67,874)|3,044|(64,830)|(338,557)|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||133,997|116,736|250,733|589,290|
|Total funds carried|forward||14-16|66,123|119,780|185,903|250,733|
||||||Registered|Charity|No: 1130299|
|---|---|---|---|---|---|---|---|
|||Note|2022|2022
6||2021
6|2021f|
|Fixed Assets||||||||
|Tangible assets||10||65,253|||38,117|
|Current Assets||||||||
|Stocks|||6,000|||6,000||
|Debtors|||39,662||55,026|||
|Cash at bank and in hand|||153,110||192,336|||
||||198,772||253,362|||
|Liabilities||||||||
|Creditors: amounts
within one year|falling due|12|(78,122)||(40,746)|||
|Net Current Assets||||120,650|||212,616|
|Net Assets||||185,903|||250,733|
|The Funds ofthe Charity||||||||
|Restricted
income funds||14||119,780|||116,736|
|Unrestricted
income|funds|15||66,123|||133,997|
|Total Charity Funds||||185,903|||250,733|
##
|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||||6|
|Cash flows from operating|activities||||||||
|Net expenditure
over income for the financial||||year||(64,830)||(338,557)|
|Adjustments
for|||||||||
|Depreciation
ofproperty
plant and equipment|||||7,325||6,944||
|Decrease/(Increase)
in trade and||other|receivables||15,364||(30,952)||
|Decrease
in inventories|||||||1,000||
|Increase
in trade payables|||||37,376||2,515||
|Net cash generated/(expended)||from|operating||||||
|activities||||||60,065||(20,493)|
|Cash flows from investing|activities||||||||
|Purchase offixed assets|||||34,461)||(2,760)||
|Net cash (expended) from|investing||activities|||(34,461)||(2,760)|
|Net (decrease)
in cash and cash equivalents||||||(39,226)||(361,810)|
|Cash and cash equivalents|at the|beginning||ofthe year||192,336||554,146|
|Cash and cash equivalents|atthe|end ofthe||year||153,110||192,336|
##
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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|
||finanoal
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.|||
|1.6|Fixed assets||||||||
||Consecrated
and beneficed
properly
of any
kind
is excluded|from the financial
statements||||by s95(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 51,250 and|where the life ofthe 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 contdibution
pension scheme. Contributions
are charged tothe|||statement|||offinancial||
||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||||||||
||In common
with many other organisations
ofour size and nature,|we use our auditors to assist|||with the||preparation||
||of the finanoal statements.||||||||
|1.11|Judgements
and estimation
uncertainty||||||||
||The Trustees
make estimates
and assumptions
concerning
the future.
There are no estimates
or assumptions||||||||
||that have a significant
risk ofcausing 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 ofcash 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 orservices performed|in|||the ordinary
course|||
||of business.||||||||
||Trade debtors are recognised
initially at the transaction
price.
All 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.||||||||
|The Parochial
Church Council for the Ecclesiastical
Parish of Holy Trinity|||||||||
|Annual|Report and Financial Statements
2022||||||15||
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|3.|Other trading|act|ivities||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
||||||Funds
f|Fundsf|2022 Total
f|2021 Total
f|
||Church activities:||||||||
||Income from|specific activities|||15,900||15,900|14,963|
||Pastoral and|evangelistic|||17,039|3,668|20,707|30,929|
||Worship media activity income||||210||210|219|
||Investment
Income||||489||489|204|
||Total 2022||||33,638|3,668|37,306|46,315|
||Total 2021||||29,618|16,697||46,315|
|4.|Other Income||||||||
||||||Unrestricted
Fundsf|Restricted
Funds
f|2022 Totalf|2021 Totalf|
||Coronavirus|job retention||scheme||||8,038|
||Raising funds||||||||
||||||Unrestricted
Funds
f|Restricted
Fundsf|2022 Total
f|2021 Total
f|
||Cost ofWorship||media activity||656||656|158|
||income||||||||
||Total2021||||158|||158|
##
##
||Note|Unrestricted|Restricted|2022 Total|2021 Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|Activities undertaken:|||6|f|6|
|Missionary
appeals||||||
|Trinity Supported
Mission|Partners|||||
|Missionary
and charitable
giving||54,784|72,594|127,378|95,803|
|Administrative
expenses||180||180|118|
|Support costs|7|15,375||15,375|12,879|
|||70,339|72,594|142,933|108,800|
|Ministry||||||
|Parish Share||162,190||162,190|156,811|
|Welcome and discipleship||2,065||2,065|1,390|
|Staff costs||133,331||133,331|139,125|
|Worship,
prayer and
teaching||11,698|942|12,640|12,115|
|Printing,
postage and||||||
|stationery||||||
|Depredation|10|1,273|2,389|3,662|3,472|
|Support costs|7|186,816|8,171|194,987|427,954|
|||497,373|11,502|508,875|740,903|
|Pastoral
&evangelistic|expenses|||||
|Sunday School and Youth||||||
|Activities||13,123||13,123|5,966|
|GiRs and pastoral care||7,862|5,898|13,760|11,211|
|Alpha, training
&||||||
|evangelistic
expenses||17,001|506|17,507|11,998|
|Staff costs||109,422|6,765|116,187|111,458|
|Administrative
expenses||9,308|366|9,674|9,637|
|Support costs||188,871|8,171|197,042|431,703|
|Other expenses||5,438|3,164|8,602|7,315|
|||351,025|24,870|375,895|589,288|
|Total costofactivities
undertaken||918,737|108,966|1,027,703|1,438,991|
|Total costofactivities
undertaken
2021||817,429|621,562||1,438,991|
##
|Support costs||||||
|---|---|---|---|---|---|
||Note|Unrestricted|Restricted|2022 Total|2021 Total|
|||Funds|Funds|Funds|Funds|
||||6|6|6|
|Church
running||||||
|expenses||||||
|Insurance||4,026||4,026|3,813|
|Utilities and telephone||10,717||10,717|6,979|
|Cleaning||7,400||7,400|2,569|
|Repairs and maintenance||2,977||2,977|1,302|
|New Development|||13,953|13,953|548,361|
|General
running
costs||96,222||96,222|79,211|
|Other expenses||16,094||16,094|15,894|
|Events expenses||7,117||7,117|5,745|
|Administrative
expenses||8,155||8,155|8,249|
|Depreciation|10|1,273|2,389|3,662|3,472|
|Staff costs|8|231,981||231,981|191,660|
|Audit and accountancy
fees||5,100||5,100|5,280|
|Total support costs||391,062|16,342|407,404|872,536|
|||Unrestricted|Restricted|2022 Total|2021 Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|||f|8||6|
|Missionary|appeals|15,375||15,375|12,879|
|Ministry||186,816|8,171|194,987|427,954|
|Pastoral 8|evangelistic|188,871|8,171|197,042|431,703|
|expenses||||||
|Total support costs||391,062|16,342|407,404|872,536|
|Total support costs
2021||321,435|551,101||872,536|
##
##
|Staffcosts||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Number|Number|
|Number of|employees|||||
|The average|monthly|numbers|of full time equivalent|17|16|
|employees
were:||||||
|No employee|earned|more than|660,000 in the year (2021 —nil).|||
|Employment|costs|||||
|||||2022|2021|
||||||6|
|Wages and|salaries|||420,887|390,584|
|Social security costs||||32,344|25,557|
|Other pension costs||||23,484|22,140|
|Recruitment|costs|||912|110|
|Other staff costs||||3,872|3,852|
|||||481,499|442,243|
##
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##
##
|angible fixed assets||
|---|---|
||Fixtures, fittings|
||and equipment|
|Cost|6|
|At 1 January 2022|191,016|
|Additions
in the year|34,461|
|At 31 December 2022|225,477|
|Depreciation||
|At 1 January 2022|152,899|
|Charge for the year|7,325|
|At 31 December 2022|160,224|
|Net book values||
|At 31 December 2022|65,253|
|At 31 December 2021|38,117|
|11.|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|f|
||General||debtors|||158|243|
||Gift Aid|recoverable||||18,173|31,605|
||Other debtors|||||1,361||
||Prepayments
and accrued income|||||19,970|23,178|
|||||||39,662|55,026|
|12.|Creditors:||amounts|falling due within one year||||
|||||||2022|2021|
|||||||6|f|
||Expense||creditors|||33,543|4,930|
||Other creditors|||||18,887|17,697|
||Accruals|||||14,604|13,861|
||Deferred||income||13|11,088|4,258|
|||||||78,122|40,746|
|13.|Deferred||income|||||
|||||||2022|2021|
||||||||6|
||Grants and donations|||||||
||Balance||as at 1 January 2022|||4,258|9,351|
||Received||in the year|||22,824|21,393|
||Amount|released to||income and endowments||(19,989)|(26,486)|
||Balance||as at 31 December 2022|||11,088|4,258|
##
|14.|Restricted funds|||||
|---|---|---|---|---|---|
|||1January|Income and|Expenditure|31December|
|||2022|endowments||2022|
|||6|6|||
||Special collections
Specific purposes
Pastoral
and evangelistic|601
95,175
20,960|22,229
86,113
3,668|(21,130)
(81,193)
~6,643|1,700
100,095
17,985|
|||116,736|112,010|(108,966)|119,780|
##
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##
||Restricted funds comparative|Restricted funds comparative|||||
|---|---|---|---|---|---|---|
||||1 January|Income and|Expenditure|31December|
||||2021|endowments||2021|
||||5|6||6|
||Special collections||2,191|906|(2,496)|601|
||Specific purposes||471,427|236,840|(612,792)|95,175|
||Pastoral
and evangelistic||9,097|17,837|(5,974)|20,960|
||||482,715|255,583|(621,562)|116,736|
|15.|Unrestricted|funds|||||
||||1 January|Income and|Expenditure|31December|
||||2022|endowments||2022|
||||E|6||8|
||General||133,997|851,519|(919,393)|66,123|
##
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##
|nalysis|ofnet assets between funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total funds|
|||E|E|E|
|Fund balances at 31 December 2022 as|||||
|represented
by:|||||
|Tangible|fixed assets|8,518|56,735|65,253|
|Current|Assets|135,727|63,045|198,772|
|Current|Liabilities|(78,122)||(78,122)|
|||66,123|119,780|185,903|
##