The Parochlal Church Council of the Ecclesiastical Parish of Holy Trinlty. Cheltenham Annual Report and Financial Statements for the year ended 31 Decernber 2024 Registered Charity No. 1130299
The Parochlal Church Council of the Ecclesiast7cal Parlsh of Holy Trinrty, Cheltenharn Annual report and financial statements for the year ended 31 December 2024 CONTEMrs Annual report Audllorfs report 9-11 Slalemenl olfinancial actswties 12 Balan sheel 13 Cash flow stslemenl 14 Notes lo the Iner181 statements 15-t3 The Parochial Church Council of the Ecclesiastical Parish ol Holy Trinity, Cheltenham AnHu.41 Report and Financial Statements 2024
The Parochial ChurGh Councll of the Ecclesiastical Parish of Holy Trinity, Cheltenham Annual report and financlal statements for the year ended 31 December 2024 Trustses Report Admlnlstratlv• Infonnzyon Hdy Trinity Church ITrlnttyl is gbjated in cheenham. It ts part of the txttese OF Gloucester Yrithln ihe Churth of EngLind. Thè cxhYespondenGe address is P.oly Trinty Church. Trinrty House. 10&1ts2 Wch(x)N Str&8t, Chelt8nh8rn, GL52 2NW. The Parochlal Churth C¢xmtil of the Ecctasia5bt Parith of HoTnty. Ch8ltenharn 15 a Ghartty rewter&d h) tha UK bmth the Chanly Gornrnission, chty numtw 1130299. The PCC are al govemed by the Parochial Churd) coEcH IP¢)wersl Measure 1956 las amendedl and Church Repr8sentatc¥) RL,ks 1969185 amended). Offic8rs Trustees havè served from l JUary 2024 unfd the thte thk resX)rtwas ¥JpThed arts: Name Datss lif part yew) Rev Andrew Blyth Chrfsune Robertson Helen Moss Jua Thomson TrEasJrer seCtary Electoral Rc41 Ollker Trusttes cla Benton Rev Andrew B Ex.Offido Caroline Bkon Elected Russell 8kS Ee¢ James CLqpp Nich(Aa8 Ellen Etected Michael Fulbr E18(ed R8v Slmon Fellows Ex-offld) Rach8 Gill Eloet8d Rav TthY Grew lolla Hay Torn Johnx Ex-Qfficto Ele¢led Unhl May 2024 Elizabelh Lang Barry Lamb8rt M8th Lovegmve Helen Mos3 Churchwa Desry Synod Memt E(ecf8d 098ngry Syr)d MeMr Elected PatricJ( Olaniyi David Rowe Rob Ryan Henry SIon Rev NkhoL2s Stott Fmm May21y24 Co•OPt Deanery Syrnd Merrd)er Ewed Until 11th ber 2024 Milcah Troughton Sophle WhkEker Rev RogerlMKkJpLornbg Ex4)IF.eio The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Annlial Rgport and Financial Statements 2024
The Parochial Church Council of tho Ecclesiastlcal Parish of Hoty Trinity. Cheltenham Annual report and financial statements for the year ended 31 Decembgr 2024 The chadti&s' Bankers, SoffGitor5 and A1015 8re: Solicltors BPE Solkytors LLP st Jaffles, H(yJ¥è st J8mes' Sqwdr Chellenham GL50 3PR Bank•rs NatWesE Bk PLC 31 Profnell Cheltsnham GLSO 1LE Bankers KirwJkyn Bank Madk4 14crtLse Auditors Jltt Godden & Taylor LLP Untt 3 Ambros8 Hous8 .eteor Court Bamat Way NG9 2RS Gloucgste", GL4 3GG STRUCTURE. GOVERNANCE ANO MANAGEMENT Oble¢Uve8 and Pvbllc benefft The NissTon statement for Trfnlty ChsltBnham B to: "Make colM)ittl l(AkMer5 of Jesus. %shD change t[nUe$ ond natI(S fDr Him.. In Simple teThns. this mearys that to Share the Christian a¥KI hdp people in thelrloumey of disiipleship, needs of OUT bcal cornnty impact for the good of all aCsS Chelt8nh8m. Ihrowhout our wldar wi(m. and the UK and beyDn The TnJstees- members of thè P8rtsthial ChuTch COU11 IPCC)- ate wmTThlt8d lo enat4hig 88 many Peop as posslbl& to engage in public worslip atTnty and b•rMe pwt ol Ihe CGrnrTMmty iflhey 8h to. hy Chrisban teachlro a1 SUPFM)rf. We maint8wI a pollcy of olF8ri.?g everythi we eo to 211 sectiens of thg ConIty In an On way, a PDrVolio of ministslas nd prdcticAI sUtv>rt io meet the drie needs ol th& p)p18 of Cwenham and wthT cornfflunibes rE9ardless offaith. The PCC are MIndfi of havpYJ regard to guldarte on puble bwfit publishbd by tme Chwity Cornrnlssion In exercl&ng Ilkii power5 and duti8s. leMberS share v•th the Irumbènt. In prornoting the whole Chdstlan ofTrfnity Church- pastoral. gvgngglLsb"c. sorial e¢Unenay - and eXAme$ of publÈc this brfngs can be found In the summary ofachieverents aThl perforymnce laterfn thL8 rq)ort. Recruftment and knductlon of Trnstees The melhod of appointrnentoflho TWust 15 set rArt.n the ChJrth of land'S Church Representauon Rule8. attending regularly for lwrship are gncourdge¢ to registw on the Rdl an(1 may Ihen sland for eWK)ll to the PCC to seNè alorngde licens1 Parish Ministers a1 elths Church Wardens as Ihe toard oFTwstees. Duriry thg prsS ofe18ction, potential TTVSt8es are made ol thelr r8spon&bdibes in tion to ChawsbBS Cortrrig40n gUIdae aNI Ihe charitst4e objectNes ofTrinty. Y 818d frustees me81 wth the C..iair for an briefry hlightsj key a$ of re5ponthlNty In partiClar relat ID conffcts of Interest, finar. safeguardiry arKI putdi¢ benefit. During t firsl mèèbng ofthe PCC followng each APCfvI. the Chairand Ofknr5 gNe a fvrther biiofing on these matters. Atèach subsequent meeting ofthe Trustees aitènlion Is down to potential cOrrfCtS of InresL sal8grj and FinarKia SpOnsi1N1rt1?s. statutory Responslbllttles The trustees aro respons1 e for preFAri thé Tr9s, Reporl and the pwounts Ell rdan with applicab 18w and United KJngdomAccounti¥u StaThlanls (UThted lfjnTrJom Genernlty AcceptedAccounttrry Prthel. Th¢ law applicable to charities in Engla)d and Wares requi tne trusiees to Ptepare aW)ts for gach flnanclal Yearhh glve a true and falrrfew ofthe sta ofafaitsof chatity olthe InoJmingrèsoureèa appbcats.on ofresources of th8 chatlty for that yew. In preparing these accolts, the tnJstee5arB rwuirl to: -sekd wttable aceounting Oi¢ieg and tkn appty th&n LI1Sten, - obseNe Ihe methods arKt prinokles In the Charilios SORP. - make judgements and estimates that ale reasonab arkj prudent - stalè whèther apIe8b stsnd8rds have been fdowed. gJbig1 to any rnaterfal departut8s disdosed and explained in the 8CCOL'nts'. and . prepare the acuunts on th& gc4ng 856 th Is NTrpprLyiate to presurn that charity 11 continue in operation. Th8 twstees are reSponsie for kewNJ Suen1 aCcnting records thatth"sdose reasonablo awuracy atany lime the nancial position of the chwity and enabk them to ens[ that tha tnts Comply wllh the Ch3ritiesAct 2011, the Charity IAGcounts and Rep(xtsl Regulations 20 arKI Ihe of Le tnjst deed. Ttw are dso r9spOgbl9 for s3leguardk)g the assets ol the ch8rfty and her for takJng ie8gMable steos for Ihe pre¥titin Ènd det8¢t1 of fraud and other Irregulale* The Parochial Church Council of Ihe Ecclesiastlcal Parish of Holy Trinity Annual Report and Financial Statements 2024
The Parochial Church Council of the Ecclesiastlcal Parlsh of Holy Trinlty, Cheltenham Annual report and financial slatements for th• year endod 31 Dember 2024 The accounts (finglar statemwtsl hav& been popared to gtve a and fa¢ WI &id have departed from thè Charities (Acccnts and Report51 ReguFabons 2008 onfy Ic Ihe oxt6Ytt required to prode a Irue and falr, vlew. This d8pafLW8 has involved follovhng AccountiThJ and Reporttng ty Chariti&s pr8p¥ring the1..Ounts in aSrdanth the Financid Reporting Stan¢Jard appl1(ab In the UK 8nd Républ ot Irefand (FRS 102) rather Lhan the Accounlng 8rKJ Rewrbng by Charftiès.. staternlltol RecommerKJed Practice 8f8dive frcffi 1 rt0ri12(NJ5 vthich has nce beèn wthdrawn. StrLrcture and Operational Management The Tru51ees mel slx times durfng 2024 IncknlNJ Ihe APCM. thjring these rtwebrw)5. reF¥xts agend89 enabfed them to pray, discuss and rewew all aspects Trinivs wvernark. pclices. assets, staffiro and finanaal perforrnance. Report5 were le1Ve1 on actiwb.es In all ninisty aieas to enaiAe tnJ8te8S to exerc'se oversKJht, offerewouf8gemènland prayer. I thèconlinuing aftarrnath 01lh8 CtronavirusparK1. p8rtKU1araitentWaSgIwen to anynecassary adjustmenlsto plann8d PFactirA 2cbviThes. pastoral carè needs. financial matters. staffvJ arrar¥JeThrnts and $aTgguardlrg. Slanding Comn7itleg (SerLeader$p Team) Dug lo ihe ze of Trfnlty, to facilitatè marAge 8ffecU¥Èty Ulè operauons of tho Trusl Trustees delegate Certain authorities and resp¢51b1l.,thes for day-lfrday operatims to an aprontsd StandirvJ Committee. Thesè M8m¥rS also 5Erve On 8 wder stsff 'Senior L?adwthip Team. lo ¢(nation Implementalon ol PCC dèclsK)ns indudlng vision pritiSS, stral¥ic plans. safeguardirfj. m8n8gement (Istsff aml volunte.nat?al ptanning and blJe1¢0ntrQ1. Mambèrs of the SLT WIKJ are not mambors 01 ts PCC a appctntgJ by Team Rector %•ilh Iho agreerngnt of the PCC. Through gularreports, the Stanthng CofflrnitteearHI wklerSLT areacLX)unlth to tho fu PCC on all a¢$ tak&n, on progr98swilh priorities and outcom6s. In 2024 Standing Co188. and otker SLT [nemlIE. Rev Andw Blyth- Tewn Rectorf Rev Timothy Gr8w-Team Vica Elizabeth Lang- Chwchwarden" Barry Larnbert- ChurthwdrdEn" Hllary GTgW- Lay Pastor Rev Nicholas Stott- Self-SuppoitirvJ Mbysief- unfjl Marth 2024 Rev SIrn( Fellows- Curaie. Jonathan Norris- Senlorwo..%h Past£r-fr(m Marth 2024 Helen Glynn- A8sociats Pasior- frTr March 2024 R&sourGes Group The PCC ddegales aspects of operatiCMxI oversghi relatw to and Fabrfc, Finante and HR to tha Re8wrcg8 WorklrvJ Group. The GrtyJp is CIHIr by one of the ChurclM8rden5. mberS are a mr< ofnominated PCC rnembe {8$ a rnajorityland rnembeisorthe thurch with speckql:.st knok¥ledge relevenl areas. The Grujp rn8eis be(ven PCC meelngs to rrK)nitor d818gated It8. rke Inendat. pursue agreed Oli¥&$ 31x5 re)rt back Éo the full PCC. Saleguarding Grou The PCC dele98tos day-to48y rnanag4n8nt arxt iMeMental of agreed WILaes and pkns to the Safewardlng Group. Thè Gmup is ch%ired by a rrmber of the PCC and Menth"p i1Je5 r¥Jtninated slee the P8rish Lead Safeguar(fing Officer ar,d the Parfsh Safeguardiro AdMlstraI0r. The Crcup wrts oa¢h rn8elry of th8 PCC through an Egrged 'DashIJ)a, report and Adh)n F4an fomt. SlraleswG PartneKslyp8 In ¢NdeF to be& fiHfiI Trinitys charitsble (Wts, the PCC marthrk8 x nLfftb8r of strateglc partnerships. As an Etcle$iasti¢81 Padsh In the Dlocese of GIouSter, the PCC Y)rk5 dosety other panstrS and the wider dE0c èspecialty in relalK)n to authori5abon and prac. safgguardry Fwdures, Inartial control and the m8intenartce ofTrinity's Buildings antt Fabric. The PCC a180 partrers closely vAth Ihe Tlty Chdt&r4wn Trust Limrted, the Now Wjne Trust. th Klngdom Power TDJst and the Love Chdlenhaw. neiworkof Iccd (aWrcJ. Key management personnel- remuner8tSon and potential Gonlticts of Interest The Trustees consder the PCC as the 3oard ofTrLtstees a$ the SlafKlirE CommiitO8 mwnbers of the SLT 8s cornprising e key fb19nagement person dIr4 aThJ ¢trOl1ng thLb&8 a (W to day basis. The Team Re(or IncUbentl. Team var and Curate afv IKenwl lo Parish by the Bishop ofGlwcesler8nd 3r8 pa dlrectly by Ihe diocese. All othermambers of the PCC gve olth8irtwnevdunfarily. The Trustees are 8wdr8 of, and seek lo Man carefulty. p(ts)bal u)nllict of inté."8sts. AJ)y DedaratiovF of Interests ss quired alall etir@s and any Kerson cone£med is ulTed to lthdraWfrorn any On olthe TheetiThJ re181ing to thse mattÈr5. All pay and remuner8bon arraTrJaments for r([$ of staff ar& diracly rwièwèd by the R6sources W¢Nknng Group and approved by the ftju PCC. mindful ol the Churth.'s challtstAe dilectiV 8NI responslblli:ies. The Paro¢hial Church Council of the Eccle5iastTcal Parish of Holy Trinity Anniial Rpport and Financial Statemen15 2024
The Parochlal Church Council of the Eccleslastical Parish ol Holy Trfnlty, Chglt?nham Annual report and financial statements for the year gndod 31 December 2024 Rlsk Management 8nd Szf8wardlny On a r8gular basi8. the TnJste2s dlscuss aryd assess the mapr ris Is •xpos8d and conslder sale9uards Ihal can be irnplementa to mitigate thos6 risks. Tha Tn&ees ¢der tha tnajor risks to indudg Health and Safety. Safcguarding and matters rektif9 to Finance Buldly Fabrt. In accn %wth the Statement of Recommendgd PtICe for charfties. the Trust88s annuany rèvwi ath1 UFthie Iho fotmal fi& #ssg8Thrt whiL was nallY approved by the TnJste6s kn 2006. Health & Saf Al ar8ss ofchurch Ilfe and mlnistry rdy trR d4JiEatson 4011 of the #aff aThJ volunteers Sft9 on mlnistry, op8rations and adrninistrdlve teams. The fwstees recogrLS8 that suwort. trairitr¥ and 3pproptiat8 5upe1vin for thom Is a kay area for conunuous atttsyitson and Impmvom9nL AJI areas and church aCtNIL are covered by rk assessments and tten predUres. Salfguarryir The PCC are fy1 aware oftheir heightened ras["bs tur the safer of children aThJ vwlrwdb18 adulls. Thrwgh the work and reports ofthe SaÈgu3rrfing Gmw arK( SLT, the PCC enre$ full corrylianc8Wth the safeguarding policies of th8 Dlocese of Gloucester and the Church of Ery1. The appolnt&J Sa'.wJu8rdiry Lead Offr£r and Athinistr8tor meet reguYth all those di¥Y irNolved in oyers8wro mtrM5by acUwi'OS with di(Kes8n reyesent8tives to collduci detalled checking ol procedures Ènd 'cas8 review3. where approprAte. PJI staff volunt8ers are requwed to complete reference lorms and recèive role d8pIlO$ b¥tMch hKJhlisht essenbal safvguarthig pollcles ard pr&ti(s. All mernb&rs of the PCC, all stalf and volunteers invofved in dIrt actiwlies ar.thr vulrrnble adults are reqLYod to undertake formal 8afeguarthng checks and traSnlng approrKkte to thrI&s. Fln&nthl Control rrirTty's finances ar8 r81i8nl on voluntary gfvbrNJ by fv memb8rs of Ihe chbycl. The PCC Is conscbxrs ofthe need lo Ensur8 lull transparent accounting prOcer&S and forgood c(xwnrmiratiofj to the churth knily on fjnanc8 matter5 lo MataIn trust and18v8ls ofsupport. Finanoal plans and f(XEcasts are dwn up on the basis of carèful raview of OUTstsaIegpnOrpes In llne th our mission arKI in Ihg light of pa fi.Iwwl performarte atml trends. In the PCC $ agreed finan(al P(s8o$ and regular rapy. due care is gwen lo MWItrnj sujrce of dwalionsand lentiThJ any pjtantial rThJn&y laundering concems. De8Plte inherent CertaInleS due to %ay Sn we 1ve the bulkof our furKls thrOh vduntary donatths, wg have demonslrated considèrabl8 r8sill£XOV9ran ext&1 wicNJ oftin as 8 resuttofthe dze ofourcommilted church community and the abifity to appeal directly for gNsThJ when wur8d. 118 sèl (xrt in th8 acumpanyng finanGiaJ statements. due lo th8 continung lev81 ofvoluitary glving by churth mernE5 and c8rBful management control. are thankful tD have beell ablo to undertake the progranThne ol chari12ts athl5 phqft fw the year. Premises All bakIng$ used by tho PCC are ingJreJ and rfsk asses5vJ. Trinriy is nispthd. mahthned and Insured in Ilne Iha Churth of England's guidance and regulalSon& A Rp¥xt thg thurth fabts Is irUdd In dl rretyngs ol the Trustees. within the Annual port Bnd gNen tts APCM. KEY ACHIEVEMEKfs, PERFORMANCEAND FUTURE PLANS Trfnliy has conlnued as a largè d)u¢th cornmunty 8ermJ pwpk from auoss thé t( of Chelt&)ham atKJ 8urroundin9 IBgion. W8 wdcoffl8 anyon8 who 4wshes kn attend our relar and other acdvWes during the week as ?pproprial We maintain a forrnal Electoral Rdl (rfthose enliv1 to voLr our fomRI mèèiyros and this is reported ¢Tr al each Aynual Gene¥al Meedng and fid w.th the Minrt88. A total of382 names were on the register at 20 May 2024. Howèver,;he Ro.'I doès notrèflect thé 8xlènt of our'membershlp, nor tF scq)eof our impad and inffuencevlthin tha mMunIty. Thtvugh the year, we continued lo see increasing rnrtr.ber5 alter, Dn Sundays and engagiry vAtn weekty actiwlies. Ive estimate that the total comrrnjnibi contad$ gr to approxirrol* 1,3CK) peo &ults and 400 childreCJn9 P8tsPtél. We also continued to erNJage on-line WTth a gnIfiCant nuryberOfpre fr¢Kn a wte wge of hxatscms arou thg UK and a-ross Iho The PCC rèmained committed to 8erwng peop ofall ages. rac85. sNyal. fia1 backgrotmds ar CircStanCes through the strategic vlsion. Ml in with God. 1 in %wlh each olhèr arKIMI the Workv. AJI in with God Sund8y celebrations have remained the key eXps1On ofWcorF8te [Sp$1p. With the blessng of resour$ artd &xpertise. our siaff and vOlMteerrnS have cor.tiwed lo malntgin a hybrld of physical and line wothip. We have gab"iered illcrea5i numb8rs ft)r W(8?. prayer, teaching, flectiOn and fellship ar beIve we have a parbcular c81b.ng to do this in 8 aY that seeks to be culturalty levant esp6Ci811y for fami%es and thldrèn. youn9 psopl8 aThJ wng 115 ew¥Jaging wilh us week by w8ek. The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Slalemenls 2024
The Parh¢al Church Council of the Ecclesiastlcal Parish of Holy Trinity. Cheltgnham Annual report and finanGial stat?ments for the year ended 31 Decernb8r 2024 Ive conbnue to eXore how w can ser¥e as a 'Minsler thuren, lo he r8sourca klds and youth work in other Lurches under the tiV8 'Fabrtc'. Sa(Uy. the we had hord wouk8 tske this projecl forward did IKJI cy)me tu Tiinlty for thelr curdcy In 21Y24 and ara a new badersh41 resowce. Our key objecfve lo equip s)eopfe in Iheir Chr15an d."ScWe8h was exwessed in a iumberofways Continued support and grovrth in deekty dlplipLB Group5. The Trinty'Leamuy HUb'Whth offefs teachiThJ rescures and eourses in r8 uiordinated traM[ne. Continued focu8 and support for indidJa wlllual practi$ through Trinty'Rule of Life,. Sadly. we w8r8 no,. abla to continJa Lsith the FORIA YOU a(kFYs thp1&ShIp progfamme thlg wr, due to a lack ofréeruitm&nt aThJ liffltIeS in prowdity a leader. How8ver. we ren to the concept hope tr) r 1atsrh th8 progan¥ne when staff rwxJr¢es 08v&lopetl newdi5othhip grDwIsthh KKIS Youlh n¥ntsty. We conunued to try to place Pray8r as Ihè undwyming loreyerytlung we th): Vle collts.nuod with rnonthly 'Klngdtym Cffiw. prdyer galherirrfjs and ¥Ere much ertra9&d 10 88e jn¢vBasirig number8 attending. As nrjled In ksl yea¢s al ¥epoT( we have seen creation of a dedlcated 'prayer rrn. on our campus as being a key ptiority. A plai ha5 now b88n drawn up fcf a trral of thls in th•'Fusin Garagg. Spa duriTrJ eady part of 2025. Wo hopo this lo a pemweni FKovisTon. We ran and 5UPPOrted vario$ special InltTatNes ind¢Kting a241TFYdyereventat EastsaTrJ ihe naNonal church Yhy Kingdorn Coffje, prJgramne. We Continued to meet with oiherknal Chur8 thrthe umbrelL3 ofiove Chelt¢nham'. All In wlth each Othgr As a {ge thurch. gathering in smal g¥DUPS a1 wcial evenLs remarn caucial ID nntiOn and the hedth ofw wrNnunty For a(kJVLnEmbers, primarily thrgh118 of'Llfg Groups.. For children. yOLng peopla arpj stL¥Jr, IhroW weeY grDUP5 de. drarna and football and throLJgh spedal Sock induding a Christmas Prom aid SuTh#ner party. For spo¢th¢ tsmo9rarknlcgroups-we offered vaoUserrred groupsand aciwties formen (brèakfastSd social events), wOn (breakfasts and 80cia:. evellts). olderpeopk (Prinknl arnl Pants anfl carErs Trvhlsyestop) and foryng Adults,'Collectives' Iwor)ryJ praygr For people f&:.ng r(nelirEes4 9)cial deprivdDon: 8xcEusion arKI ho$]J kwJes-wB offerEd the'Trdnsforn)' ministry grwps IKiThJs Tabl& Monty Churth. The Women's Sp) and woekly'LNYbJ Room. drop in (fe. Pastor81 care Our Pastoral Care coorflnator has undeflaken diwl Te for members end coniinu@d to grthv a volunteer ne¢work ol 'befriender5' and routEs to rrthp wyJist support for p80Ili8 in neeil. Th9y meet monthly wth clergy and othèr ministry adérg to ty to ertsu good Co013"0. Various special rurSe$ were off8red througn yèar to gtve supp¢)rt key life cirojm5taes Includm marrf89< JNorce, p£renting ar#1 forthe first tTme. befeavemenL A 5C4a1 serv8 lorthè b8r8aved was Dff&reil as part ofour Easter cebrati{S and another sertrice before thrisfrnas forlhos Mave experieftd tha death or loss of Childron. As reported aiM)v8. thg Contint devekspmnt oflh8 PCC Safe9uardiffj group has svJnlfi(anUy increased the level of rÈsource gcthg lito this key area. AS a large church comftvJnity. we oursetves résponding io a larGe v(Aume Otrrentand non-recentsafeguardry reF#)rts and cccerns- lft èvèry (s8, tlwe 8r8 immedlatety reported to the polim lif relevant) arKtto thg dlocesan safeguarfuyJteam fors¢nJLrwd gK1ce on 10n$ espèd81ty Myth rp.gard to v1MS ¢nd wrvrJors. 1ntorrnatr.on and expectatvJns safeguardry matters a 11{9hted k) all Me[TOr5 01 PCC. staff and voluilleers Dn a feguLgr basi& As èver. 1 aetTvibèS rèlièd on our staff vuteerS. The PCC are extr grdtefrtl gr 3rx) people seryhg in an enorrrKws r3tNJe of yontary roles InduthrvJ lafge teams on SuThlay5 for hosbThJ, pu¢ti. worship. kn.ds youth durirJ the ¥Eek lorTtsnsform and othergrcups. The mèmbers of our huhty mtiv8ted and skll8d Stsff tèam. Through the year, resoLW allowed us lo Ma a numiw olchanges in pwwnnd and to nke pnS for Ine kay appoinnt Oi a new Kids Pastor and a nth¥ foryouth earfy in 2024. I In forth• World Throvghwt Ime year, we soughl to luffjl our ChrisiHn to n1 the srArltval Bnd prncll(xl nÈ2ds ol peopl& In our Omr[nIty. We Pfomoted and undertgok a number of IrlIa¢e$ und8rthe umbrella ofour'GTh¥ing Greener, strat8gy whlGh aims to encourwJe every rrefflber of the church farnity to make b¥dth nnecti¢$I1hln thdr own netw¥)rks of contacts. We ran iwo'Alpha' coursès to litr(xluts guesls tc Chrtston falh In'Trdnslortn'. we offered and pracical help UWDLKJh'KisTabIO. 1$and the vh)rk of 'Str8al Te8rnS' The Parochial Church Council ol the Ecelesiastical Paiish of Holy Trinity Annti al Report and Financial Statements 2024
The Parochlal Church Council of the Ecclesiastlcal Parlsh of Holy Trinlty. Cheltenham
Annual report and flnanclal statements for the year ended 31 December 2024
In partfvrship wth the Resurgo Trusi Sa gr881 S$$ in ihg SPEAR trainirKJ prffjr8rnme- helping 1fv24
year Dlds t in gdJcallon, nF40Yftl: or tramiirs. Tr.e tsam exce01 targets for the numbar of peo0 beir
seNed, lun(Iraising and partnerty.
We continued our yalued partnership with Hoty TAnty sch)1 r)h tsjr Iwo apEnted 'Foundation Governor8,
and through rnember5 of our stsrr tearn Nnnro actrirbes arKI wilh ihe schod team. As well 88 eontributlng to
theoverall educational and iritual lifeof the SChL¥ wewere ag&n able to provtde varlous fonns ol practical holp.
A rn8jor hbJhlighi was Ihè'Big VleekeThl in thitxi volwtteers frThn Tnnty undert(t4( a rdng8 of proiecis Including
painting Classro$ and inslalKng JwAV
Thg Trustees have reme cwmli t8d to Trinty's cajiru to seThe as a 71esourc& Plantin9 thurch, fft th8 diocese Df
Gloucesler.
We have begn
The Parochial Church Council of the Ecclesiastical Parlsh of Holy Trinity, Cheltenham Annual report and financial statements for the year ended 31 Dècember 2024 Flnanclal uncartalndes and firturo an$ Tho PCC recognise U)e inhertnt UnC8rtainti8s in voluntary finan¢8s. kve ba8¥8 that steps taken 1hrgh Uie year demonstrate both a levd Of$1& and ratrty to r4spond fr) charytng cirrumstance& The PCC clearfy Ip¢ognis8 that under charfty law Trinty must al al times be al io rneet 811 its obligatio[ as 8 'going concom,, ther8for8 th9 HCC hill conb"nue: To morktor Inccme and expdItUre, to prlu upded thantsal forecasts through the weekty t1ng5 of tha Standtng Gornmttiee and lo prDMde mrmtfr,fy mawwnl r8POrt8 b ReScMJeS Gtcup and full PCC. Budgets and Spd9 an$ f(mI.l51ry areas ar.d aCtiIeS be adju¥od ar updated OrdIng7Y throughoul theyear lo ensu all ruir8rngnts as a golr.g cOe. and apwcpriate levds of reNe ar& oelNJ maintained. INithin uur budgeling and forecasts. wo %ill enre that IOffie from teguLar m.onthly stsndlry ord&5 reThalns ffiCTrI lo pay staff and to CDvgrKnmedBte liabkns. Glft Akj redaimswill b3 madè mon1hl ta iprOve cash flow. The PCC also rK)le that the larye8t ¢ASL¥Btionary trJdget Outgoi r6 a rrvJntW'Partsh Share. CA)AIn'bUti to th8 Dirt8se of Gloucester towards fhe costs of our ficensed rwni5ters arNJ tho Wer rnirnsty of Ihe dioces6. This is an enllrely voluntary GontribufjM and as c1.rurnstw dthte, we are able to adjust or suspend pments enfirety lo eUre suffictent tX5h-flow and rè58Ngs ale available to meet other obluatioTr& Early in 2025 tt was ann¢tad that thè Re¥8reThJ Atthew Blykn Wld be leaviTrJ Trinity 20th July 2025 lo take up a new ministy post. The PCC irr rA)nsuJlalK)n wpth Ihe th0p of Gknu¢gSter have begun detaited Planniv for the vacancy 2nd cruitment of a new team rector. Alhough the PCC notè Ihat this ineIabfy create sotne uncertainues. the chutch has a large stsff team aNe to coverall waciKal respOi1l a wacancy. (hxese and church ofEwland bave very ell estabfl5h prcrtess in to enre Wl ovfrr&)t of th• parish Eknring the vacancy by the Chtwch waidens Area D&an aGting a5 5eque5tsaior5 during the wtod of a v&arKy Re$erv•spoliiey After reviwthng the natuTr of rJ)sslble rf&ks to the charivs actslIes, th& Trusle88 do not int8nd io build up Lgrgè 8cale operational resolves. To minankse thè of I1r9 unae lo meet 311 its fi4anoal otAigatons as they fall dua in rglallon to sloff 8alades and expenses. the Truthes sèek to rnane cash flow w that 818ny point ther8 woukl be a suftkityit eash resetve of £50,OC() avallab to COV8r at least (e month's R8strfrtedFunds The accounts show that as vll as majorslS gT¥eo for devewnent prDject5 ch as the rTr)frÈpalr5, tha PCC m8nages a number of smaller rest.ed bJrKJs fLY SF8(ifi- rrisgotj Fwis, p8sloral rA&ds aw¥J 5pecffjG tniStrY areas. Th funds reGognisB thgt indryrdu81s 5rJmetirres wt tr) g@ ¢yty to a mlnisty area artl ¢nable this lo happen in ac£ordanGe with charty law. Fundralslng Actstrltles The PCC èncourdges rrmEr5 lo support Twity ty rwJLdar gmro. prelefably by monthty star1r or¢er. Thè PCC has gJkwrtgd the pra¢ti¢e of ho ding spedal gft Me¢kwds. Ttrwe ar& times when leathstvj is tsused on the rolE of financlal giving With Christian discipleship: new members are ewuraged to COIn7 to regular giviig and existing m8mber5 are encourdged to make adrfifjona, M8-off gffts lo %rt the work of Trirwty. A key prirTrriple of blblical teaching is that glvit¥J shoukj be ill proportion lo means. This is emphasised the teaCh1r ¢Jon8tion5 ar8 handled confldentiality. Together. ts8e rn888ures h to ensure that no-orh8 feels underpresgjreto gNe nrm to gwe more than they can afftjrd. An offertory opport nity Is given in all services for the of Trinity and its rni&sK)n partp.ws. There are oGcwonal spec4al ¢ofi8ctions for spedal events e.g. nalural disaster& W8 fa¢ilitsle a nunknr of run(pls19 adpitbes b enat4e groups undettaknng misthn pS to raisti frinds. The PCC does nor use profossiohal ndrdi&er3 or Invclve cornmercid p8rtKipators to fund Its core M1$ &tivities. but did engag8 one professional ftWKkasi9 consultant in kle 2024 to 8ssBI th apptwng for gran& to lund ItrLe Mnodial work required in relabon lo the church t(N4r. the stained-glass wind(w5 and other areas of the ¢hurch fabr Thè wnsutt2nt 15 paid on a fixed fee bass for htyJr5 worked. No M[latswere recV1 ab fundraislryJ thls year. DISCLOSURE OF INFORMATION TO ThE AUDITORS Each trustee has taken the steps lat W Oloht to havè tsken as a Trustee OTder to fnake Ihemsefves awarn of any rEtevanl audit itLfomi8tw)n and to establsh that Ihé Chariys auditors a aware of Ihal infc*mation. The Trustees confimi trat there is no relevantlnf0tmatK Ihat they know ofand ofwllch tw Pjxyw th8 audit6 are nare. The Parochial Church Council of the Ec¢lesiaslical Parish of Holy Trinity Anniial Report arid Financial Sl-lemBnlb 2024
Th8 Paro¢hlal Church Council of the Eccleslastl¢al Parish of Holy Trinlty. Cheltenham Annual report and financial statements for the ygar ended 31 December 2024 A rasdution proKx)girKJ Ihat Pitt Codden & TaylorLLP apwnted as at01$ oftt Parothuql Cthh Coundl ofth$ E¢ck%5iasti( Parish of Holy Triiity. chellenh il l* put * Ihts General Megting. Thi8 rgport WJ8 approved by the Trustèès ... 2025 and sEned on tirbeh8lYby Rev Andrew 8tyth Chaimmn The Parochial Chiirch Council of the Ecclesiastical Parfsh of Holy Trinity Annual Report and Financial Statements 2024
The Parochial Church Council of the Eccl•siastlcal Parish of Holy Trinlty, Cheltenham Independent auditors. report to the rnembers of The Parochial Church Councll of the Ecclesiastical Parish of Holy Trinity, Cheltsnha Oplnlon We havo axltted Ihe fknanckal 5tat8tiènts Df The Pamcllal Chw¢h co1[ of the E¢yJe8iastical Parh of HO Tllnity. Cheltenham, th8 'thaiiV for the year eIed 31 De¢emb8f 2024 cornprise the ststement o.. financ activities, bala sheet. the slatent of cash fows ane tha rK)t8S to tre slatThnts, incln9 a summary of ggnfftwt acrAJunfy"rrtJ polioes. The finaniy81 rewttng framew(xk thal has boon #ppld in theirKeparation is opplic&)18 law and Unit Klngdom ACclting Stanthrds, includl.vd Far181 ReporthYJ S12ndard 102'The Fin1 Reporbr.g Standard applicable in the UK aNJ Reitt of Irand IUnÈkd Kirtyom Ger?1 Accepted ACCO)ting Practi1. In our opirrion. the finarKlal statamants= glve a true arf fair vw oftr.e state ofthe Charws affahs as at 31 D%mber2024 and of tha inc(¥nlng re8ourc&s and altion ofr88ourcos, kn¢luthwJ its Inc( and expen(SbSè. for tr.e year then endo¢,. have tse prop&ty prepar accordall wth United lfjngthxn Generally kncepied knountiro Petts, and hayp b88n yepared In accorrjancè the rg4biiThts of Ihe ChariU8s Act 2011. Basls for opinlon We Conduded our audit in o(wrdatKe Intemt(Thl Slandards Audrfrng {UK) {1&4s IUK}) and aprAicabl2 law. (Mr r88p(sIb[1ities under Ih05e stanLlaFd5 are further dewbed In thè auditotts sponSibl11b#S for audit of tre statemènts seeuon of our part. We are wmkpendert of ihe charity in acwrdance with the ethical requitements that are rèlevant (o our audit of Ihe fin121 statemenls in the UK, IIng the Nr.aneial Reporting Coun(ifs Elhi1 Standard, and we have lulfilled our cth8r 8thicA r8sponstblifie$ in accLYrfanc8 wh IhB58 requirernenls. We believe that the audit evKlence we h8ve oblalnetj is sufficient ar appfwate to prov¥l8 a basts opir¥on. Conduslons rolatlng to gothg conc•m In audiling the financL4 stsleMentS. have CcJded thoth9 trusiee$' use ofthe goir.g concem basts of a0¢tIng h tho preparation of the ttnanal staternents is apwoprtate. Basecl on the work we hava we have not etiFied any matèfial urt8rta.nties rdating to 8vents orcondiknons IhaL Indivldualty or collethvety. mwrf cast sgnttsnt IkKJbton ths charivs abllily to &tinue 8$ agoiry CceM for a period of at least tW81vè from when the statwntsare aulhortsed for issts6. rresponsibthtes and th&n7)ll9o11he Irusteeswith resptEOg(ng oirtem are described in thevant sgCt¢ons ofthk% tapwt. Other Infomiatlon The othei infDrrnabon c(hmprises trie JnfonYatM)n i11(ed in thè Trwteg8' annual report, other than the financial st2tsments and our alI0S repTrtthereon. Ouropinion the fironL?al Stemts does notcover otsr infortnation and, ept lo thè 8xtanl tslh8rwi expkouy Stat in wr p(l w8 do not 8xtw any form of assurance cu$n thereon. In connecll¢n our audit of ihe fina(81 aiwrts. . our regwbi ilty is to a th6 0th8r infornailon 8nd. In doin9 50. Consider whether Ihe other inbrmation is materi3lbJ Ir&s18t tle financial sta18nents or our knowle4gJ obtalnéé in the audit or olherwise appears to be Materially misstat. Ilwe Kjeiufy material irKongstencies or apparent material misstalements, we8re tsquir8d to detenn0newF&rth8re b a mater&il mk55ts1ornentin the financial slatemenlsora materfal mlsstalement of the oiher infi)nnation. If, b2sed on Ihe we 179ve performec. w6 eoncILKle that th8re is a material misststemenl d this otherlnf¢Jrmation, are req(1d to rew)rtthat We have nothlrKJ to repK)rt in thi5 W. Mattgr8 on wlch we are rBquired to report by exeeptlon We have nothlDJ tts r8port in reSct ol the fd10lrg matters in rElatW to wlith the CharilEs IAcrnunt$ and Reports) Regulations 2(K18 reqiure us to r8FM)rt io you rf. in ouropinkn: . the infom1 givell in fin8nCl ststements Is fjThxJnsthnt in anymaroirl respeciwth trugtees. pOrt.. or - sufficient a¢¢ounts"llg reco have not bew kepL or - fhe fina1 stst8ments are nol In agreement wrfh the accc*tir9 rOrds., Of -we have not receed all the nrntn and expiwtions we reqLar• forourau(SL The Parochial ChLirch Council of the Ecclesiastical Parish of Holy Trinily Annual R&port clnd Financial Stalemonls 2024
The PaFo¢hlal Church Councll of the Ecclesiastrcal Parish of Hofy Trinity, Cheltenha Independent audilors. report to the members of The Paro¢hlal Church CounGil of the Ecclesiastical Parish of Holy Trinity. Cheftenham Responslbllltles of ISte8$ As explalrd mor8 fvlty in the statemerrt oftrusw Tr$prSly"r&$, the trust885 818 r8srmsble for the preparation of the rinancial stslements and for ieing satisffied that thgy g8 a trrje and fair view, and for such Internal eonlrol as the trustees determine is necessary lo enablé thè prepatstion o"¥- Fnancial stat8fflenls that are fr8e ffom malsral misstatemenL whether dug lo fraud or enor. In epen1j th8 finanryai statements. t IFuslees a¥e responsI.e for assesswg the Gharivs 8bllity to Coillnue as a gtyng conrn, dis¢losing, as 4thI. marefs relat&J to (lE alld using the going eorpC8m basls Df accounting unless th9 tSteeS either int to cease owations. or have w rEalistiG attematwe bul to do ga. AudFtorfs responsibllltles for the audit of the Ilnanclal sthtèmonts W8 hava beèn appnted as auditor under 144 dthe Chafldes Act 2011 and report in accordance with the A¢( and relavanl regulalrons made orhaving effect thereuThler. Our objectives are io obtsln wsonable assvrance abrwJt WIther Ihe finaal statements as a whole are frao from malerlal misstatemgnl, whether due lo frathl or error, 2nd to issue an audi5 report that indudes our upinion. Reasonable assurance 15 a lugh Ve( of asgjrance but 15 rn1 a guarantee Ihat an audit Ctsndted in a¢xordallce svilh ISAS IUKI wlll detect a Fnateria., rriisstatement when it exL%s. M1sststemls e8n arEe from fraud or èrror and are consldered rrJatèri21 if, indlvidualty or in the a9greGale. ClId r8ason8bly be expecled to Influence the economlc de£¥sions of usWS taken on basis oflhese fnancial slatamanls. The extsnl lo wthich our procedurns ar8 capable of dele¢lhJ Irregulartbe& ¥rJ1ng fraL¥E. is det8i18d beh)w. Our approach lo Identifwng and assessing the risks ofm#lwtal mi55tsternent In sPeCtlrr&gulatie$. Indudrng fraud and non-conN)liance with laws and regulaticrts. ¥ras 8$ Wows: the engagernenl partner 8nsur8d Ihe ffJa-ement learn wllectrvdy had the appropthats competen, skills and ability to i0¢nttfy ary nOrF¢0mlaTr with laws and relations.. we identified the laws and iegulalions applkable tc the charity Via discusslons with Ihè twslees and from our knowl8dg8 of the sector in wtriich the cllent operates- we locused on the laws byhith we folt wwe of parlcular SyJr.ificae to the chaiitls Operatic$, vthlch included the CfrArities Act 2011, hearth & safety. ernrAoymenl and data prOtlI0n., and %v¢ asSSed Ltr.e extent ol the Com1]ee Mlh ihe laws and regulat.orts tdgntifij above through UIry of the Iruslees and by raviArtg minutes aryj legal cos1& We assessed the suscepb'biliiy of the charitys finanu3J statéments to materfal m155ts1IeL induding obtsirxng an understanding of how fraud might ocr, by. making enquirfes of the trustees as to whwe they consi¢Jered thwo w8$ sceptibility to fraud arKI whethèr they had knowledge of any th81. su5PèCted or a'lege(l fraud.. and we documented, assessed and lesled Ihe lniem. eontrds in place to rlU the likeli7M)od of any incidences ol fraud 01 re0mplIanCe. To assess the rtsk of fraud through managemenl kn.as and ove(rfde of o)ntrds. we: perfotrtrEd analyti1 Fevtesy wocedures; a we revl8wed and sample tested joumal entres to confwffl that they were genuine Iransacttons. rewewed a sarnple ofexpeThthtur8 tra¢c ftom the tharity rery)Ftls for approprlate authorisallon In reoponse to thè risk of irregularil¢es aThJ non<OMtyi with knvs and regulations. we designed procedures whlch included, but were not limited lo.. agreeing the dlsrjosuS in Ihe fftlarrial statements to tjndertwro dwJmenlation'. reviewng the minutes of tlse charge¢ wilh eman.. apd enquiring ol the trustÈÈs as to actual potential daims and liabiliti&s. There are inherent limllations In our audit procedures desoibed above. The mts rerlloved that laws and regulatiS are from finan¢i81 tran$8eTrons, lh8 less likely tl is thalwe would beGome aware of mn-compliance. Audibng SId9rd$ also limll Ihe audit procedures required lo IdelIfy WKYFcompliance wilh laws and regulations lo enquiry of the diretaors and other managemenl ib inspecbort ofany relevant wulatory Corresponder. The Parochial Church Council of the Eccles,'astical Parish of Holy Trinity AnnuLI1 Roport and Financial Slalernenli 2024 10
The Parochial Church Council of the E¢¢leslastical Parish of Holy Trinity, Cheltenham Independent auditors. report to the members of The Parochial Church Council of the Eeclesiasti¢al Parish of Holy Trinity, Cheltenham Materf81 mlsstalemenls that arfse due to fraud (sn t harder lo detect than those that arise from error as they may Involve deliberate concealmenl Of collusion. A further description ol our responsibiliUÈs is availatle the FinarKial Reporting Counol's Web1& 81.. hllps.'Il www.1rc.org.uklaudltorsresp)SIbIIitie$. Trus de5ulption tomis part ol our8udittsrfs report. Seope of thg audlt of the flnanclal statements Othèr mattèts Your allenlion is draivn lo the lact that the charity has prepared financial stateMts in 8ccordance wlth 'A¢cour)ling and Reporting by Charities.. StstemÈnt ol Recommended pra¢b" applicable lo tharilies preparing their accounts in accordance wlth the Finarri81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las arnended) in preference lo th8 Accouniing and Repj by Charitie5- Statement of Recommend Pr8Ctice issued on 1 April 20Q5 whiGh is relerre(I lo in the extant regulab.ons but has now been wilhdrawn. This has been done in order for the finawal slalements lo wovHle a tnje and fair view in a¢ar with current GerallY AGcepled Accoundng Praeti(. Use of this report This report 15 made sdety to the ¢harity's trustees. * a toty. in accordan part 4 of the Ch8ribes IAc£ounts and Reports) Regulauons 2008. Ourauditwork ha$ been underta(en so Ihatwe might statelo the rharity's bustees Ihose matters we are required to state to them in an audito¢s rerM)rt aThJ for no other purpose. To the fthlest extent petrnitted by law. we do not accept or assume SponSibl11ty to anyone other than Ihe eharlty and th8 charrV$ twstees as a boty, fortyjr alt work, for this ieport. or for th8 opini(JrLSW8 have fomwd. P,ICdkn I f4ky LLP Pltt GoddEn & Taylor LLP Chartered Accountants Statutory Audltor 2s .2025 Pltt Godden & Taylor LLP Is ellglble for appointsnent as auditor of th8 charity by virtue of its ellglblltty for appoinknent an auditor of a ¢ompany under section 1212 of the Companles Act 2006 The Paro¢hial Church Council of the Ecclèsilislical Parish of Holy Trinity An nLial Report and Financial Statements 2024
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Chehenham Staternent of flnanclal acti7lties for the year ended 31 December 2024 Includ]ng Incomè and expenditure account Not0 Unrestrletd Funds Restrfcted Funds 2024 Total Funds 20Z3 Tot81 Funds Income and èndowm8nts from.. Donatlons and legac S¥)1.823 161.527 1.063,350 1.090,539 Other tradiru activtb8s 79.043 5.133 84.178 72,757 Qlher Incom8 Tolaf and endowmonts 166.660 1.147.526 1,163,2 Expendlture on: Raislng funds Ch8ritatAe 8cbve8 16.9651 11,(X)6.9851 I6,) 11,167,387) 11,1401 11,159,3&51 116Tfr.4021 Total expenditure {7.013.%0) 1160.4021 11,174,352) 11,160,525) Net (expendltw8ylncom& {33.0841 6.258 126.826) 2.771 Rvtondliatlon of funds Total funds brDught forward 51,695 136.979 188,674 185.3 Tota caffied knard 18.611 143,237 161,848 188.674 The stalernentof finan¢xal acU%JiJi8s indudes au kS recDJrdsed 7 the year. Tlie Parochial Church Council for the Ecclesiastical Parish of Holy Trinity Annual Report and Accounts 2024 12
The Parochial chUh Council of the Eccleslastlcal Parfsh of Holy Trinity. Cheltenham Balance shèet as at 31 December 2024 Regl8tered Charty No.. 1130299 2024 2024 2023 2023 Fi AssBts Tang¢Jle assets 56,145 CurrntAss¢ts stOGks 5.ofhl Dèbtors 10 28,179 60,448 Cash at bank hand 157.119 126,881 1W298 191.129 Llablllts Crediiots: aMnIS fall1r du& Ihln one year 11 (n.345} 161,6ry)) Net CuTrentAsEets 112.953 132.529 Nel A558ts 161,848 188,674 The Funds <rfthÈ Chatlty Restricted incame funds 13 143.237 136,979 51,695 uresired income funds 14 18.611 Totsl Charjty Funds 75 161.848 188.674 Th8 finanda s,lements weTr 4Jpro¥ed by the pa[4 C1xch Counsil ¢n Zf.Fl.erS.l.. 2025and y8d ils bghaLf by Barry Lambe Church W4rde EliZath La The Parochlal Church Council for the Ecclesiastlcal Parish of Holy Trinity Annual Report and AGcount5 2024 13
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Cheltenham Cash flow statement for the year ended 31 December 2024 2024 2023 Cash Ils)ws from operatlng actlYlt(•s Net exp¢nditura over )cOme forthe year Adjustrnents for Dgpr&ualion of prc4)oty plant and tLpMt Deueaso1{Increase) in trdde and other receiwabtes Decreas& In (nventories 126.8261 2.771 9.108 {20.7881 1,000 32,269 Increasel{Decreasel In trade payables Nèt cash generatedllexpon(dl frofft operatlng acttvttlos 15.745 18.522 57216 127,21NJI Cash flows from Invostlng vItI$ Pw.h8se of fixed ossets 1.952) Netcash loxpond*dl from In¥estlng aotivlti8s 11.952) Net Idecrease} In cash and cash equl¥aknts 28.43B 124,4291 Gash and ¢8sh oquiv8kn1s al Ihe twnnirvJ ol year Cash atKI cash equtwalents atthe of th& year 128,681 157.119 153.110 128,681 The Parochial Church Coiin¢il of the Ecclesiastical Parish of Holy Trinity Annual R&port and Accounts 2024 14
The Parochral Church Council of the Ecclésiastical Parish of Holy Trinity, Cheltenham Notes to tho financial statements for the year ended 31 December 2024 Accountlng poll¢les Charity inf0mtion The Parochral Chufch Coundl of the EitJ&siastical Parish of Hcly Trtnlty. Chellenham 15 a regislered Gharily. Basis of Preparaon The financial slatomts b.ave been prep8rpd ordance the ClyJrth A(xx)unt'ng Regula#on$ 1997 as amended by th& Church Accounling IndMentI RU[.S and Auy)unling and R8portlng by Chities.' Stemenl of Recornrnended pract Bpplkatle to chattbes PTeparirg their accounts in accordance th the F[arla1 ReportirvJ Stsn(Jard appIble in LfA Èrnl RbI of I12nd IFRS1021 (Èffecbvo l Jarthry 2019 Thè anCial stat8m8nts h8vÈ be&.q prepEd Lryjer Ihe his101 cost cVentIOn. The Twst (xnsbtu es a publlc benefft en'ty as defined by FRS 102. Thè finanoal strt8menl8 ar& preparEd In 5terlng. %thich is the ftJncti(K)al currency ofthe charity. Nlonetsry wnoLnls in these finaTh>4 tannIS are rourMl8d lo th8 nearest£. Golng coneèrn At the b'me of appmvlThJ the f[81 statements. the tswtees h8 2 reas)nabk expectatton that ttte charity has adequate resources to in optrra)(l existaK£ forthe foreseeable firture. Thus th8 trusteas conbnus io adopt Ihe gc4ng 0cern baws 0[1n11 in prepar¥u th8 finan¢ia slai8m8nb Funds Gènara futls terKes8nl the fwKt5 of Ihe tharity Ihat Sullt lo any festridtons r&Jarding IheirusG and 8 ayailablg for aW1¢ati on genefal purrM%es by th8 Trustee& Funds deslonated lor a partirajlar purpos? by th8 Trdsteesare also unreStrkl. Restrfjcted funds represent the fvnd5 of the chadty that can onty be frKpartKular restrfcted purpgses hvlth In Ihè obl6Cts or th& chaTity. RestrkUMs arfse by the dowr or whgn are 58d for pathodar purpos. The ffnancaal stslements irtbjde aft trdnsactk)ns, 888ets and liat¥fibes for YthiGlr the TrustB88 arg respon&ble in law. Thoy do not Inthde thè fift8131 StateThI$ of church groups thak ow8 Iheir maln ¥ffilr"atKTrn to arK)th8T b¢JJy nor U)ose that are Infrnal g?enrS of thurth mtls. Income and doWments C(41ecllons a rewnlsed knthen rlwa by or behaifolthe chaty. Plannad glving ra¢wv3O and olher donations under Ghl Aid are rwnised wthen Income Tax ¢0¥erable on Gift don8hMs 1$ cognL%ed when Ihe i(me is re(ised. Granb and legaues to the charity are accounted for as saon as the charity ts notifd of ts legal elltitlefflenL the ar¥1 qu8nbfiable arJd its utVrrAlè [81p4 by ihe charity k8 rea8¢ablY certaln. The c>.arlty Is not for VAT. Expenditure ExFenditurE ts itduded on acwaFs bass is rwrws8é theTg fd a j81 0romstruct0 oNiJ91bn to ay for axpéndiknrè. Casts are attrilyjted to one of ths ¢ategorigs of expenditure in the statement of financial activities. The support costs are app)rti(d directy to the tharftable activtty where possible. the renYaind8rare split equaly bel¥en Miniw &¥port and Pasiowal arNJ EvaTrJdistic expetlses SUPFM)rt Flxed assets Consecrdled arKI ben8fi(%d propety of any exrthjded from Ihe ancial Stater1LS by s9612Xal of th& Cttarfties Acl 1993. Fixbjres. fitlings offfce 8quipment- depreciabon is WIVed uslng Ihg 5traTghl lin9 m8thod at rales 18Eed to write off th8 a¢t$ over thelr usefvjl on(Mic liyes. Thg rdte used is 25% per annum apart from for 5PBciftc as8elswhose useful1rf8 is considered to be lony8r. whereby the apprcwjaie rate ks used. Subject to 8 minirnLm of 10Yg. Amounts a Capitali whgre they eXCj E1.2&) aNI vknere the life of the assets is notless than the years. The Parotthlal ChLirch Council of ;he Ecclesiastical Parish of Holy Tf inity Annual Report and Fi nancial Sl<ilement5 2024 15
Th9 Parochial Church Councll of the Ecclesiasllcal Parlsh of Holy Trlnity, Cheltenham Notes to the financial slatements for the yoarended 31 December 2024 Operating Lease5 Rentsls payabl8 undaf opératirg leases are cwged 3Jainsi irK))ma a stiaitht Iln9 basrs overthe ase tBIFf. P¢D$lons The tharityoperates a e1C()n1ribubon p8nslongthem& Contnlxdionsarechargedtoth8 s1at9nwntoffinaX8I acttvitiès as they be£cfflE paya>J8 nce wfth wles ofth& Slock Stock ts Vall al the Ilyer0[cO5Iand net realsablg vdu8. 1.10 Ethlcal standards In common th many ofherorwi8a%)nsofourtiaze arvj nature, wb useourwfitots to gS6i8t wHh of ths financi8181atsments. 1.11 JUdMOnt8 and estlmaflon unc&tsinty Thè Trusteès Inake 8Stiffl8tes and asswi)ns cortn%ng thè futura. Thar8 arè no estimates or èssurnptions that havg a significant risk orUsIj a maleria a(Iu51mentto the arnounts of assets and li4biiniès wthin the nexl finarrial year. 1,12 Cash and c8sh •qtJlval•nts C8sh and cash equlvalents cash fft hwKI 8nd c8N andoih8rshort4en hpJhW fjquld Invè$trTrents that are readily convthllè ID a toThn am(MJrt ofcash axl a lleGt to an in5igtxknTrt risk tsfchan In valu&. 1.13 Trade debtor Tradedeblor5 arp atnounts dLE frL¥n 88le8S rf0m1? h thg ordknary CQUfSa of busryiess. Trade debtors are recognised at the EranSaCOc wice. Al tradeikbtor5 are rep8yAe wyEn one yè and hen(% arg iltH1o al the undiscotsntgj cost of cath ex to b8 r8c8Ned. A prO10n fortTr itnpairrnent of trBde deblors15 e5tsb'.i5heot vthen UEre is (&i8cbv& 8videNx thatthe thaiitywll not èbb to (x)Ileclall amounts due accordiTrJ to orvinal terms of thè d8btors. 1.14 Trade creditors Traik Gredttors are obl¥Jali(Th for pay tor gfyyjs or Se$ thal have acqillred fft the ordlnary course of busvtess from swwiers. knunts payat4e at clwfrd as wrrenl fi8Nities if the charfty doBs tiot havo a unconditlonal rfghlat Iheend oflhe rep period to delers8tLerrwtforatast knvee ThnthS aftèrtr8 reporung date. othervAse they are pra10d as non-CAJrwt riabilib"es. Trade credrtors are reniSed inilialty at the tranwtion price and are repayable %MthN) year trnce atè fKJuded at th2 uThiscnt9d amount ol ¢88h eXP8cled to be paid. 1.15 Fjnanclal instrurnents FInanal instnJmenis are dassifd aTrJ acctsJnt8d foraxordiThJ to the substs10 of ihe contractual arrdngement. as financial asset5. finanoal liabilities or gqui ir6Erun)enis. An equli y stDJMrt is ay contract that evidences a r8sidu81 intèr85t IrE th8 as58t8 of the charity aft¥ dedtir,g all cf its liab.liti8s. All finarKial assets and fjatslities are tiiiial* m&&sur8d at tr8nsath(yn pre l1Thding Iransa¢ti¢2ncostsl, oxcept for those financial assets cjwified 85 alfar value throwh wofft and knss. sthich afy l&¥y Mear al lairvalue Iwhich is n(xmaly thg trdnwb'on exdudirvJ trantiOn costs), unless th8 arrange1rllt Constitutes a financing transarthn. If an alrangement Eon5tittrS a finan(ang tranSli0n. fhe financial a8Sèt or tiabiliy Is Me8wd at the pres&nl valua of thè tulur8 r0yrnts dIS(¥un al a mthet late of inteF£sl for a slmllar dèbt instrumenL The Parochial Churcl) Council OF the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2024 16
The Parochial Church Council of thè Ecclesiastical Parish of Holy Trinity. Cheltenham Notes to the financial statements for tho year ended 31 December 2024 Donatlons and legacle5 Unrestrlcted Funds Restrfcted Funds 2024 Total 2023 Total Gift Aid. legac$ otlkr donations 530,825 1SI.019 ,844 680.751 Glft Ald recoveraLle 136.J)9 136.309 135,621 Offerings at s&Nlceslother no tax 234.689 2.689 267,762 New Developmsnt Mi55ionary appeals inthrfing BKI r8covernblè 8.359 4,569 3,149 3,149 1.&36 Total 2024 901.8ZJ 161,Y27 1.,350 1.OW,539 r¢tsl 2023 143.&47 1.090,539 othertradlng a¢tl¥ltle8 Unrestrlcted Funts Restricted Funds Z024 Total 2023 Total Church h¥le& Income wific BCtbvitr¢s 37.595 37,595 31207 Pastoral ovaNW15tic 23.983 5.133 29.096 34.171 wShp acbvty ilxomè 14,110 14.110 4,348 Invastment Incomè 3.375 3,375 3,031 Tolal 2024 5,133 84,176 72,757 Tolal 2023 7,30T 72.757 Ralslng funds UrErestsS¢ted Fund5 Restrjcted Fund¥ 2024 Total 2023 Totsl Cost of INorship media acbvity Income 6,965 1,140 Total 2tr23 1.140 1.140 The ¢4391 ofraigng fvnds In 2024 We all u[eSiCI8d. The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Annual Report and Financial Statements 2024 17
The Parochial Church Council of the Eccleslasllcal Parish of Holy Trinity. Cheltenham Notes to the financlal statements for the year ended 31 December 2024 Charltable actlvlta95 Not• Unrn8trfcted Funds RtrIcted Funds 2024 Total Fun(fs 2023 Totsl Fund$ Actlvltl¢s und¢rtak•n.' Ml551on8ry app8a]s Trinty Supported Mlss)n Parkners Missionary a1 tharitab giwng Printing, px%l8g8 ar1 slatK)nery Adrninistrdfwe exp85 Supporto)sis 73287 121.895 121.230 43 119 485 22.615 22.615 59.417 96,634 48.608 145,242 141.251 Minlstry Parish Sh8re WElcotne disupleship Staff costs Worship, Fayer arKI teacht Prinvng, rM)st8ge and 8taho?ery Depwati Support C05ts 113.310 113.310 5.652 153.318 187.867 3,123 162,194 3.10) 104 153.214 16,988 11.291 28,279 14.492 759 136 1203 219.645 4,601 Z28,979 4,554 208,817 27,913 S34.898 561.183 Pastoral a evangellstk ex5¢$ Sutwjay SGhod at¥J Youth Activitjes G(fts #nd pastoral care Ajpha. tsntng & evaruetsttG expen5e5 Staff costs Administrative expens& SupporF. costs OtheT cxpenses 23.9 7.120 23.99) 17.239 32.295 15,345 10.119 16,967 109.421 11.112 221.5ao 13.176 3,091 54.755 332 5233 10,351 20,058 164,176 11,444 226,813 23,527 17.720 145,043 13.086 210,5 22,866 403.366 83.881 48T.247 456,951 Total cost of actlvltles underlak 1.006385 180.402 1,167.387 1,159,385 Total cost of actlvttles undertaken 2023 1,025,620 133.76S 1.159.385 The P2rochial Chijrch Council of thè Ecclesiastical Parish of Holy Trinily Annual Rèport and Financial Slatèmenls 20?4 18
The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Ch•]tenharn Notes to tho financlal statements for the year ended 31 December 2024 &tppOrtcts Unrostrfcl Fund$ Restrlcted Funds 2024 Tot Funds 2023 Total Ftjnds Church Nnnlng eKpense$ Ince Utilittes aryj tdetkn) Clèaning Repair5 and mnteft?Ge 4.704 6.108 8.2 2,810 4,704 6.108 ,254 2.810 7.065 121.478 25.413 4.068 13.351 4.601 275,587 4.526 16,796 6,627 1,603 332 118,389 13,Z23 4,877 g.228 21 Generaj rnnlllng costs 0eT exp8ris85 Evènts expenses Adrnini8trative expwses Ceprguaiw Stsff Costs Audit and sennCY fees 121.476 21.334 4,079 13.349 275,587 252,903 4.968 5.772 Total support costs 463.840 14.567 478.407 438,830 Tl)e atx)ve support Costs are alkncated behveen based on ttme spent on thijse aclivifjes or rf they ara property velat costs. equ&ly ben mknistry and pastoral and evaNJ6Isk èxpenses as detsled bek)vr. Unrnstrfct•d Funds 2024Totsl Funds 2023 Total Funds Funds MissIary at¢wl$ Minlsty Pastoral & evaroali%Uc expenses Y2.675 219,645 22.615 228,979 19.417 208,817 221.580 5.233 226,813 210,596 Total support e05ts 463,841 14,567 478.407 438,830 Total support costs 2023 435.150 438,830 The charity ¢kns not pro8 ffj grant fun¢fjry or 5irnflarsurwort. Indudèd In audit fees above a audit fees of£4.W) {2023 £4,8W} The Pai'oehia I Church Coiincil of the Ecclesiastical Parish of Holy Trinity AiinLial Report and Financial Slalemenls 2024 19
Thg Parochial Church Council of the Ec¢le$lastical Parlsh of Holy Trinity, Cheltenham Notes to thg financial statements for the year anded 31 December 2024 staff costs Reststo 2023 Numbei 2024 Numbor Numberofemplows The wrage nkn%)thly nLThberofemptoyaes knErt: 25 25 The ale 5 not induded kn the above n1hty nwnber as Ihey are lrY nPloYed for one<Jff 8v8nts lofwhfch Ih8r8 Vr? very few this ywl arwj are ItC0nered part of the nN8in tM)ty ofemploy8es. No employee $amg(l ihan £60.Iy)O in Ih8year12023- nil). Ernployment costs 2024 2023 W8ge8 and saiaFks Soclal seojrity costs Olher pen81)n cosis Re¢witment costs Other staff Tr)sts 526,640 31225 29.251 110 493,908 32,294 27.220 110 6,610 5,855 $93,081 560.140 Penslon costs Thè charity owraies a deffned conthixtbon thme forth& t6ffl ofall ernrAoe$. The a5$6ts ofthe schemb 3re adrninist8red by Trustees in a fund irent fvom the chwity. The Charity has ent0[d into the govemment auto enrotsnenl schenk. The w8$0n cosiscarged in finanal stataYEnts rewesenl contributions payable In the year by thts tharity. and amou.ited lo k2925112023- r27,2201. cOntriOn8 totall¥vJ £4.63g(223- £4.5041 were payable iD the sehefft8 at the end of the y88rand e Induded in pxelitoi& ranglble fixed asset$ Flxiure5, flttlngs and gqulpmenl At 1 January 2024 Additi(9 in the year A131 ember2021 225,477 1.952 227.429 Depreciadon At 1 Januery 2024 Chaigo for thè y88r Al 31 Decembw2024 169,332 9,2 178.534 Net book Values At31 D8cember 2024 48.895 At 31 De[LO23 56,145 The Parochi£il Church Council of the Ecclesiastical Parish of Holy Tfintty Annual Report and Finaiicial Statements 2024 20
The Parochial Church Council of th9 Ecclesiastical Parish of Holy Trinity, Cheltenham Notgs to thg financial statements for the year ended 31 December 2024 10. D8btor8 2024 2023 Ge1 debttsrs 492 1.450 32.232 1,361 25,405 Gift Ald recoverable 12,8&2 other deblDrs Prepayments and accrued In9 14.805 28.179 60,448 11. Credltors.. *nounts falllng du• withrn one year 2024 2023 Expense rAedTtors Otherere(lilors Accruals 31.898 23.851 19.482 2.315 9.062 30,924 15,372 6,242 Oèf8rred tn¢Jne 12 77.xfj 61,600 12. Deferred income 2024 2023 Grants and donatlons Bala1 as a11 January 2024 Rece.e in the year Amount rel8&8ed to incorne arLI 6242 32.199 136.1261 2.315 11,088 36,488 141,334 Balan(% as at 31 December 2024 6,242 I defer irwre ht forward wEre rBth8d fvll duri the year. The Parochial ChLirch Coiincil OF th- Ecclesiastical Parish OF Holy Trinity Annu al Roport and Financial Statenients 2024 21
The Parochial Church Council of thg Ecclesiastical Parish of Holy Trlnlty, Cheltenham Notes lo the financlal statements for the year ended 31 December 2024 13. R•strl¢t•d funds 1 January 2024 Inco and Expendltura 31 Dècember 2024 Spe¢Kg1 ¢olk(aions SIfiC purposes Pastoral a1 wffirvJaNsOc 3,149 158,378 5.133 11,9151 1143,1951 1152921 3.138 133.876 6,223 118.693 16,382 136979 166.Eo 11fy9.4021 143,237 Purposes of rostr1Gt funds Spe¢lal eol1èetlon$ Gtfts were receiv mafflty for a hthlp ffid. Specmc purposes Gift5 and grants CeNe during Ihe year. incknde donabc and exptrn(rrtwp trlhe rnof rep&rs wieot, Coopar8 E(&Jè church pJ* Sp8ar ProWand Kenya tate[l ploMS. Pastoral and evangellsllc Sevèral datIonS wefy Cd speotw support sorne ol the (reh of the chwch. namely Kfngs Taue and the W(rn's nnlry. Rostr10 fvnds wmparnuve 1 January 2024 Income and 8nd¢>wments E¥pendlture 31 December 2024 Specpl collgrltons Specific puwposes P8Stor8t and #wangelistic 1.7(XJ 100.LYJ5 17.985 1,859 141.798 7,307 {1,6551 11232lXJ) 8.910) 1133.765} 1,9)4 118.e93 18.3W2 119.7 150.%4 136.979 14. Unrestrlcted fimds 1 Janu¥y 2024 Income ExpendTture 31 Oeeèmber 2024 Ga)èral 51.695 11,013.9501 18,611 The P¢irochial Church Council of the Ecclesiastical Parish of Holy Trinity AnNuii1 Report and Fin2 ncial Statements 2024
The Parochial Church Counell of the Ec¢lesla$ti¢al Parlsh of Holy Trinity. Cheltenham Notes to the financial statements for the year ended 31 December 2024 Analys1$ of net 456ets between funds Unr¥$trict•d funds R&strlGted funds Totsl lund$ Fund bakirKes at 31 Cwmber2024 as ropr8sgnted by. Tangible fixed as8et8 Ctjrrenl Assets Cu¥renl Llatslities 43.242 48,895 190,298 77.345 (77.3451 18.611 143237 161,848 Related Party Tran$8don8 No trustees wero rglmbursod for pwson4 exp*5 by Ih8 I1Y duiiry the ygar12023 . £nill. DJwiry the year under rewew ihe tharity txrdkqsed resourw Tmty Chettenham Twst LImId 8 chariiy Ih mlnority commm InJst8es. FlJr¢h8w duriry the year anTh)unted to £86,65312023". £86.6531. There Vds £21.663 outslandlro balanca as at the 31 Dwibw 202412023- Énll. Durtng Ihe yearunderrevt8w the charfty &i)pk)yed Na¥ Btylh (itsvli0t of Rev Ar¥lrew Blyth} as As5istsnt Pastor. The renyJn8raU packoge IndLKliThJ wgton totslw E30.85212023.. 4,935). Ther8 were no oiher relakd parbes dthiw th& Year(2023-LI). The Parochial Church CoLincil of the EcclesiÈstical Parish of Holy Trinity Annual Report and Financial Slaternents 2024 23