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 Iner￿181 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 che￿enham. 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 W￿ch(x)N￿￿ Str&8t, Chelt8nh8rn, GL52 2NW. The Parochlal Churth C¢xmtil of the Ecctasia5bt￿ Parith of Ho￿T￿nty. Ch8ltenharn 15 a Ghartty rewter&d h) tha UK bmth the Chanly Gornrnission, ch￿ty numtw 1130299. The PCC are al￿ govemed by the Parochial Churd) coE￿cH IP¢)wersl Measure 1956 las amendedl and Church Repr8sentatc¥) RL,ks 1969185 amended). Offic8rs Trustees havè served from l J￿Uary 2024 unfd the thte thk resX)rtwas ¥JpThed arts: Name Datss lif part yew) Rev Andrew Blyth Chrfsune Robertson Helen Moss Ju￿a Thomson TrEasJrer seC￿tary Electoral Rc41 Ollker Trusttes cla￿ Benton Rev Andrew B Ex.Offido Caroline B￿kon Elected Russell 8￿￿kS E￿e¢ James CLqpp Nich(Aa8 Ellen Etected Michael Fulbr E18(*ed R8v Slmon Fellows Ex-offld) Rach8￿ Gill Eloet8d Rav T￿￿thY Grew lolla Hay Torn Johnx Ex-Qfficto Ele¢led Unhl May 2024 Elizabelh Lang Barry Lamb8rt M8th Lovegmve Helen Mos3 Churchwa Des￿ry Synod Memt E(ecf8d 098ngry Syr*)d MeM￿r Elected PatricJ( Olaniyi David Rowe Rob Ryan Henry SI￿on 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 A￿￿1015 8re: Solicltors BPE Solkytors LLP st Jaffles, H(yJ¥è st J8mes' Sqwdr Chellenham GL50 3PR Bank•rs NatWesE B￿k 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)itt￿l l(AkMer5 of Jesus. %shD change t￿[￿nU￿￿e$ 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 cornn￿ty impact for the good of all aC￿sS Chelt8nh8m. Ihrowhout our wldar wi(m. and the UK and beyDn The TnJstees- members of thè P8rtsthial ChuTch COU￿11 IPCC)- ate wmTThlt8d lo enat4hig 88 many Peop￿ as posslbl& to engage in public worslip atT￿nty and b•r￿Me pwt ol Ihe CGrnrTMmty iflhey ￿8h to. hy Chrisban teachlro a￿1 SUPFM)rf. We maint8wI a pollcy of olF8ri.?g everythi￿ we eo to 211 sectiens of thg Co￿￿nIty In an O￿n way, a PDrVolio of ministslas nd prdcticAI sUtv>rt io meet the dri￿￿e needs ol th& p*)p18 of Cwenham and wthT cornfflunibes rE9ardless offaith. The PCC are MIndfi￿ of havpYJ regard to guldarte on puble bw*fit 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¢Unen￿ay - and eXAm￿e$ 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 alorng￿de licens￿1 Parish Ministers a￿1 elths Church Wardens as Ihe toard oFTwstees. Duriry thg pr￿sS ofe18ction, potential TTVSt8es are made ol thelr r8spon&bdibes in ￿￿tion to ChawsbBS Cortrrig40n gUIda￿e aNI Ihe charitst4e objectNes ofTrinty. ￿￿Y 8￿18d frustees me81 wth the C..iair for an briefry h￿lights￿j key a￿$ of re5ponthlNty In partiC￿lar 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 cOrrf￿CtS of In*resL sal8g￿r￿￿j and FinarKia ￿SpOnsi1N1rt1?s. statutory Responslbllttles The trustees aro respons￿1 e for preFAri￿ thé Tr￿9s, 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 Year￿h￿h glve a true and falrrfew ofthe sta* ofafaitsof chatity olthe InoJmingrèsoureèa appbcats.on ofresources of th8 chatlty for that yew. In preparing these accol￿ts, the tnJstee5arB rwuir￿l to: -sekd wttable aceounting Oi¢ieg and tkn appty th&n LI￿￿1Sten￿, - obseNe Ihe methods arKt prinokles In the Charilios SORP. - make judgements and estimates that ale reasonab￿ arkj prudent - stalè whèther ap￿Ie8b￿ 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 reSponsi￿e for kewNJ Su￿en1 aCc￿nting records thatth"sdose reasonablo awuracy atany lime the nancial position of the chwity and enabk them to ens￿[￿ that tha ￿t￿nts Comply wllh the Ch3ritiesAct 2011, the Charity IAGcounts and Rep(xtsl Regulations 20￿ arKI Ihe of L*e tnjst deed. Ttw are dso r9spO￿gbl9 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 Irregula￿le* 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 D￿ember 2024 The accounts (fing￿lar statemwtsl hav& been popared to gtve a and fa¢ WI￿ &id have departed from thè Charities (Accc￿nts and Report51 ReguFabons 2008 onfy Ic* Ihe oxt6Ytt required to pro￿de a Irue and falr, vlew. This d8pafLW8 has involved follovhng AccountiThJ and Reporttng ty Chariti&s pr8p¥ring the1..￿Ounts in aS￿rdan￿￿th 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 wvernar￿k. pclices. assets, staffiro and finanaal perforrnance. Report5 were le￿1Ve1 on actiwb.es In all ninisty aieas to enaiAe tnJ8te8S to exerc'se oversKJht, offerewouf8gemènland prayer. I thèconlinuing aftarrnath 01lh8 CtronavirusparK1￿￿. p8rtKU1araitent￿WaSgIwen to anynecassary adjustmenlsto plann8d PFactirA 2cbviThes. pastoral carè needs. financial matters. staffvJ arrar¥JeThrnts and $aTgguardlrg. Slanding Comn7itleg (Ser￿￿Leader$￿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 pri￿tiSS, stral¥ic plans. safeguardirfj. m8n8gement (Istsff aml volunte￿.￿nat￿?al ptanning and b￿lJe1¢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 Co￿￿188. and otker SLT [nem￿lIE￿. 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- fr￿Tr 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. m￿berS are a mr< ofnominated PCC rnembe￿ {8$ a rnajorityland rnembeisorthe thurch with speckql:.st knok¥ledge ￿ relevenl areas. The Grujp rn8eis be(v￿en PCC meelngs to rrK)nitor d818gated It￿8. r￿￿ke I￿n￿endat￿￿. pursue agreed Oli￿￿¥&$ 31x5 re￿)rt back Éo the full PCC. Saleguarding Grou The PCC dele98tos day-to48y rnanag4n8nt arxt iM￿eMental￿ of agreed WILaes and pkns to the Safewardlng Group. Thè Gmup is ch%ired by a rr￿mber of the PCC and Men￿￿th"p i￿1￿Je5 r¥Jtninated ￿slee* the P8rish Lead Safeguar(fing Officer ar,d the Parfsh Safeguardiro AdM￿lstraI0r. The Crcup wrts ￿ oa¢h rn8elry of th8 PCC through an Egrged 'DashIJ)a￿, report and Adh)n F4an fom*t. SlraleswG PartneKslyp8 In ¢NdeF to be& fiHfiI Trinitys charitsble (Wts, the PCC marthrk8 x nLfftb8r of strateglc partnerships. As an Etcle$iasti¢81 Padsh In the Dlocese of GIou￿Ster, the PCC *Y)rk5 dosety other panstr￿S and the wider dE0c￿ èspecialty in relalK)n to authori5abon and prac￿. safgguardry Fwdures, Inartial control and the m8intenartce ofTrinity's Buildings antt Fabric. The PCC a180 partrers closely vAth Ihe T￿lty Chdt&r4wn Trust Limrted, the Now Wjne Trust. th Klngdom Power TDJst and the Love Chdlenhaw. neiworkof Iccd (aWrcJ￿. Key management personnel- remuner8tSon and potential Gonlticts of Interest The Trustees consder the PCC as the 3oard ofTrLtstees a￿$ the SlafKlirE CommiitO8 mwnbers of the SLT 8s cornprising e key fb19nagement person￿ dIr￿4￿￿ aThJ ¢￿trOl1ng thLb&8 a (W to day basis. The Team Re(*or I￿ncU￿bentl. Team v￿ar 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 th*se 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 ri*s 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 acc￿￿￿n￿ %wth the Statement of Recommendgd P￿tICe for charfties. the Trust88s annuany rèvwi ath1 UFthie Iho fotmal fi&* #ssg8Thrt whiL* was ￿n￿allY approved by the TnJste6s kn 2006. Health & Saf Al ar8ss ofchurch Ilfe and mlnistry rdy ￿ trR d4JiEatson 4011 of the #aff aThJ volunteers S￿ft9 on mlnistry, op8rations and adrninistrdlve teams. The fwstees recogrLS8 that suwort. trairitr¥ and 3pproptiat8 5upe1vi￿n for thom Is a kay area for conunuous atttsyitson and Impmvom9nL AJI areas and church aCtNIL￿ are covered by r￿k assessments and ￿tten pr￿edUres. Salfguarryir The PCC are fy1￿ aware oftheir heightened ras[￿*￿"b￿￿s tur the safe￿r￿￿ of children aThJ vwlrwdb18 adulls. Thrwgh the work and reports ofthe SaÈgu3rrfing Gmw arK( SLT, the PCC en￿re$ full corrylianc8Wth the safeguarding policies of th8 Dlocese of Gloucester and the Church of Ery￿￿1. The appolnt&J Sa'.wJu8rdiry Lead Offr£r and Athinistr8tor meet regu￿Y￿th 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 d8￿pIlO￿$ b¥tMch hKJhlisht essenbal safvguarthig pollcles ard pr&ti(*s. All mernb&rs of the PCC, all stalf and volunteers invofved in dIr￿t actiwlies ar.thr vulr*rnble adults are reqLYod to undertake formal 8afeguarthng checks and traSnlng approrKkte to th￿rI￿&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 prOce￿r&S and forgood c(xwnrmiratiofj to the churth knily on fjnanc8 matter5 lo Ma￿taIn trust and18v8ls ofsupport. Finanoal plans and f(XEcasts are dwn up on the basis of carèful raview of OUTstsaIeg￿pnOrp￿es 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 rap￿￿y￿. due care is gwen lo MWIt￿rnj ￿ sujrce of dwalionsand ￿lenti￿ThJ any pjtantial rThJn&y laundering concems. De8Plte inherent ￿CertaInleS due to %*ay Sn we ￿1ve the bulkof our furKls thrO￿h 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 mernE￿5 and c8rBful management control. are thankful tD have beell ablo to undertake the progranThne ol chari12ts￿ athl￿5 phqft￿ fw the year. Premises All b￿akIng$ 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 ir￿Ud￿d In dl rr*etyngs 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 re￿lar and other acdvWes during the week as ?pproprial We maintain a forrnal Electoral Rdl (rfthose enliv￿1 to voLr* our fomRI mèèiyros and this is reported ¢Tr al each Aynual Gene¥al Meedng and fi￿d 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 childre￿C￿Jn9 P8tsPtél. We also continued to erNJage on-line WTth a ￿gnIfiCant nuryberOfp￿re 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￿ Circ￿StanCes 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 eXp￿s1On ofWcorF￿8te ￿[Sp$1p. With the blessng of resour￿$ artd &xpertise. our siaff and vOlMteer￿rnS 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 fell￿ship ar￿ beI￿ve 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 Par￿h¢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 eX￿ore how w can ser¥e as a 'Minsler thuren, lo he￿ r8sourca klds and youth work in other L*urches under the tiV8 'Fabrtc'. Sa(Uy. the we had hor*d 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 Chr15￿an d."ScWe8h￿ was exwessed in a iumberofways Continued support and grovrth in d*eekty d￿lp￿lipL￿B Group5. The Trinty'Leamuy HUb'Wh￿th offefs teachiThJ rescures and eourses in r￿8 uiordinated t￿raM[ne. Continued focu8 and support for indi￿dJa wlllual practi￿$ through Trinty'Rule of Life,. Sadly. we w8r8 no,. abla to continJa Lsith the FORIA YOU￿ a(kFYs th￿p1&ShIp progfamme thlg wr, due to a lack ofréeruitm&nt aThJ liff￿ltIeS in prowdity a leader. How8ver. we re￿n to the concept hope tr) r 1atsr￿h 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 ert￿ra9&d 10 88e jn¢vBasirig number8 attending. As nrjled In ksl yea¢s ￿￿al ¥epoT( we have seen creation of a dedlcated 'prayer r￿rn. 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 Chur￿￿8 ￿thrthe umbrelL3 ofiove Chelt¢nham'. All In wlth each Othgr As a ￿{ge thurch. gathering in smal g¥DUPS a￿1 wcial evenLs remarn caucial ID ￿nn￿tiOn and the hedth ofw wrNnunty For a(kJVLnEmbers, primarily thr￿gh1*18 of'Llfg Groups.. For children. yOLng peopla arpj stL¥J*r￿, IhroW wee￿Y grDUP5 d￿￿e. drarna and football and throLJgh spedal Sock￿ induding a Christmas Prom aid SuTh#ner party. For spo¢th¢ tsmo9rarknlcgroups-we offered va￿oUs￿err￿￿red groupsand aciwties formen (brèakfastS￿d social events), wO￿n (breakfasts and 80cia:. evellts). olderpeopk (Prinknl arnl Pa￿nts anfl carErs Trvhlsyestop) and fory￿ng Adults,'Collectives' Iwor*)ryJ praygr For people f&:.ng r(nelirEes4 9)cial deprivdDon: 8xcEusion arKI ho￿$]￿J kwJes-wB offerEd the'Trdnsforn)' ministry grwps IKiThJs Tabl& Monty Churth. The Women's Sp￿) and woekly'LNYbJ Room. drop in (*fe. Pastor81 care Our Pastoral Care coorflnator has undeflaken diwl ￿Te for members end coniinu@d to grthv a volunteer ne¢work ol 'befriender5' and routEs to rrthp wyJist support for p80Ili8 in neeil. Th9y meet monthly wth clergy and othèr ministry ￿adérg to ty to ertsu￿ good Co0￿1￿3￿"0￿. Various special r￿urSe$ were off8red througn yèar to gtve supp¢)rt key life cirojm5ta￿es Includm marrf89< JNorce, p£renting ar#1 forthe first tTme. befeavemenL A 5￿C4a1 serv￿8 lorthè b8r8aved was Dff&reil as part ofour Easter ce￿brati{￿S and another sertrice before thrisfrnas forlhos* Mave experieft￿d 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 Ot￿rrentand non-recentsafeguardry reF#)rts and cc￿cerns- lft èvèry (*s8, tlwe 8r8 immedlatety reported to the polim lif relevant) arKtto thg dlocesan safeguarfuyJteam fors¢nJLrw￿d g￿K1￿ce on ￿￿10n$ espèd81ty Myth rp.gard to v1￿MS ¢nd wrvrJors. 1ntorrnatr.on and expectatvJns ￿ safeguardry matters a￿ ￿1￿1{9hted k) all Me[T￿Or5 01 PCC. staff and voluilleers Dn a feguLgr basi& As èver. ￿1 aetTvibèS rèlièd on our staff v￿u￿teerS. The PCC are extr￿￿ grdtefrtl gr 3rx) people seryhg in an enorrrKws r3tNJe of yo￿ntary roles InduthrvJ lafge teams on SuThlay5 for hosbThJ, p￿￿u¢ti￿. worship. kn.ds youth durir*J 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 n￿ke p￿nS for Ine kay appoin￿nt 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 n￿1 the srArltval Bnd prncll(xl nÈ2ds ol peopl& In our Omr[￿nIty. We Pfomoted and undertgok a number of Ir￿lIa¢￿e$ und8rthe umbrella ofour'GTh¥ing Greener, strat8gy whlGh aims to encourwJe every rrefflber of the church farnity to make b¥dth ￿nnecti¢￿$*I1hln thdr own netw¥)rks of contacts. We ran iwo'Alpha' coursès to litr(xluts guesls tc* Chrtston falh In'Trdnslortn'. we offered and pracical help UWDLKJh'Ki￿sTabIO. ￿￿1$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, ￿nF40Yft￿l: or tramiirs. Tr.e tsam exce￿01 targets for the numbar of peo￿0 beir seNed, lun(Iraising and partnerty. We continued our yalued partnership with Hoty TAnty sch￿)1 ￿r￿)h tsjr Iwo ap￿Ented '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 paces in 45 Portrand Street The ￿ller. b￿ng m￿h dosw I(x3ti￿ tran prewousty. has confinued ¢0 8nable bett8r wjrking acr08S teams. The rnan urgent foujs for Impmvwments Mntinues to be repaiw5 tD Ihe rjwrch tower and for the rePla￿m￿nI Df th8 sta glass imndows. Investigabo￿ and Hannrr#J ktsxjrk is b￿ng ￿nd￿en lor both rxol8ds and potentral sourc8s of funL*)g lfftttluding g?ntsl ar& being eXplo￿d. FINANCE This y￿r wjain chthnging for finan￿5 and eft￿ a defcAt. The TrLkslees tcL)* a number of steps to fflanage expeldi￿re including notfilling three vxantstattposts. Tho key reducbon in incon)èivasfrom One￿ff g￿IngwheleaS."8guIar gfvir.g in¢reased Cofflpar￿ to ihe prioryear. The Totstees hwe taken tINs into ar£0￿1 in moro cons8rv8tsv9 financlal forecasts forthe wrning year and beI￿ve that. *ith conb"Ned grDwth ill thurch mcn*)e¥ship, income wfn also increase. Total income in 2024 was £1.147.52612023- £1,163.2961 represenllYJ 8 d￿ase in overdll in￿rne ￿e1ved duriTrJ the year. afllis. £166.66a12023- E150:9641 was re¢W￿d for S￿ifiC activty as was restricted w1t1￿n our accounts. During the y8aT. a total of£136,309 was recovered throLwJh &"ft ANJ. c(vnpared to £135,S21 ￿¢there￿ in 2023. Total expenditu￿ In the yearivas £1.174,352 compared to El.1eAIJ25 ill 2tr23. Of rh￿ amoui1t£160,4D212023- £133,765) W88 èXPaTvJ8d against restricted tunds. ￿ a ￿$￿tt, the Dverdll mo¥ement or fijnds showed a deriul for the year of £26.826 12023- £2,771 surplusl_ Thé qwatsng defiTrl for UnreStr￿led funcswJ5£33,084 in the y￿rCon￿ar8d to a deficit oIE14.428 in 2023. (X ts £166.660 of ￿Stricted Income recelved thjring th8 year. and the £136.979 ￿5t￿ted fvnds bru)u￿1 forward, £160,402 was dIsbu￿8d. Tr& restricted funds have been in a¢¢ount$ and will b8 utyIi88d for Ihelr thbnded purpose duri￿ the cownrng y8ar& The Parochial Church Councll of the Ecclesiastical Parish of Holy Trinity AnnLI al Report and Financial Statements 2024 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 ba￿8¥8 that ￿ steps taken 1hr￿gh Uie year demonstrate both a levd Of￿$1￿￿￿& and r￿at￿rty to r4spond fr) charytng cirrumstance& The PCC clearfy Ip¢ognis8 that under charfty law Trinty must al al times be al* io rneet 811 its obligatio[￿ as 8 'going concom,, ther8for8 th9 HCC hill conb"nue: To morktor Inccme and exp￿dItUre, to pr￿lu￿ upd*ed thantsal forecasts through the weekty t1￿￿ng5 of tha Standtng Gornmttiee and lo prDMde mrmtfr,fy mawwnl r8POrt8 b ReScMJ￿eS Gtcup and full PCC. Budgets and Sp￿d￿9 ￿an$ f(￿mI.￿l51ry areas ar.d aCti￿IeS be adju¥od ar￿ updated ￿OrdIng7Y throughoul theyear lo ensu* all r￿uir8rngnts as a golr.g cO￿e￿. and apwcpriate levds of re*Ne ar& oelNJ maintained. INithin uur budgeling and forecasts. wo %*ill en￿re that I￿Offie from teguLar m.onthly stsndlry ord&5 reThalns ￿ffiC￿TrI lo pay staff and to CDvgrKnmedBte liabkns. Glft Akj redaimswill b3 madè mon1h￿l ta i￿prOve cash flow. The PCC also rK)le that the larye8t ¢ASL¥Btionary tr*Jdget Outgoi￿ r6 a rrvJntW'Partsh Share. CA)AIn'bUti￿ to th8 Dirt8se of Gloucester towards fhe costs of our ficensed rwni5ters arNJ tho W￿er rnirnsty of Ihe dioces6. This is an enllrely voluntary GontribufjM and as c1.rurnstw￿ dthte, we are able to adjust or suspend p*ments enfirety lo e￿Ure suffictent tX5h-flow and rè58Ngs ale available to meet other obluatioTr& Early in 2025 tt was ann¢t￿ad that thè Re¥8reThJ Atthew Blykn W￿ld 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 ine￿Iabfy create sotne uncertainues. the chutch has a large stsff team aNe to coverall waciKal resp￿￿Oi1l￿ a wacancy. (hxese and church ofEwland bave very ell estabfl5h￿ prcrtess￿ in to en￿re 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$erv•spoliiey After reviwthng the natuTr of rJ)sslble rf&ks to the charivs acts￿lIes, th& Trusle88 do not int8nd io build up Lgrgè 8cale operational resolves. To minankse thè of I￿1r9 una￿e lo meet 311 its fi4anoal otAigatons as they fall dua in rglallon to sloff 8alades and expenses. the Truthes sèek to rnan￿e cash flow w that 818ny point ther8 woukl be a suftkityit eash resetve of £50,OC() avallab￿ to COV8r at least (￿e month's R8strfrtedFunds The accounts show that as v￿ll as majors￿lS gT¥eo for devewnent prDject5 ￿ch as the rTr)frÈpalr5, tha PCC m8nages a number of smaller rest￿.ed bJrKJs fLY SF8(ifi- rrisgotj Fwis, p8sloral rA&ds aw¥J 5pecffjG t￿niStrY areas. Th￿ funds reGognisB thgt indryrdu81s 5rJmetirres w￿t tr) g￿@ ¢yty to a mlnisty area artl ¢nable this lo happen in ac£ordanGe with charty law. Fundralslng Actstrltles The PCC èncourdges rr￿m￿Er5 lo support Twity ty rwJLdar gmro. prelefably by monthty star￿1r￿ or¢er. Thè PCC has gJkwrtgd the pra¢ti¢e of ho ding spedal gft Me¢kwds. Ttrwe ar& times when leathstvj is tsused on the rolE of financlal giving With￿ Christian discipleship: new members are ewuraged to COIn￿￿7 to regular giviig and existing m8mber5 are encourdged to make adrfifjona, M8-off gffts lo %￿rt the work of Trirwty. A key prirTrriple of blblical teaching is that glvit¥J shoukj be ill proportion lo means. This is emphasised ￿ the teaCh1r￿ ¢Jon8tion5 ar8 handled confldentiality. Together. ts8e rn888ures h* to ensure that no-orh8 feels underpresgjreto gNe nrm to gwe more than they can afftjrd. An offertory opport nity Is given in all services for the of Trinity and its rni&sK)n partp.ws. There are oGcwonal spec4al ¢ofi8ctions for spedal events e.g. nalural disaster& W8 fa¢ilitsle a nunknr of run(p￿ls1￿9 adpitbes b enat4e groups undettaknng misthn ￿pS to raisti frinds. The PCC does nor use profossiohal ￿ndrdi&er3 or Invclve cornmercid p8rtKipators to fund Its core M￿1$￿ &tivities. but did engag8 one professional ftWKkas￿i9 consultant in kle 2024 to 8ssBI ￿th apptwng for gran& to lund ItrLe Mnodial work required in relabon lo the church t(N4*r. 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[la￿tswere rec￿V￿1 ab￿ fundraislryJ thls year. DISCLOSURE OF INFORMATION TO ThE AUDITORS Each trustee has taken the steps l*at 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 audit￿6 are ￿n￿are. 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 a￿￿t01$ 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 t￿irbeh8lYby 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 co￿￿1[ of the E¢yJe8iastical Par*h of HO￿ Tllnity. Cheltenham, th8 'thaiiV for the year e￿Ied 31 De¢emb8f 2024 cornprise the ststement o.. financ￿￿ activities, bala￿ sheet. the slat￿ent of cash fows ane tha rK)t8S to tre slatThnts, incl￿￿n9 a summary of ggnfftwt acrAJunfy"rrtJ polioes. The finaniy81 rewttng framew(xk thal has boon #ppl*d in theirK*eparation is opplic&)18 law and Unit Klngdom ACc￿lting Stanthrds, includl.vd F￿ar￿181 ReporthYJ S12ndard 102'The Fin￿1￿ Reporbr.g Standard applicable in the UK aNJ Re￿itt of I￿rand IUnÈkd Kirtyom G￿er?1￿ Accepted ACCO￿)ting Practi￿1. In our opirrion. the finarKlal statamants= glve a true ar*f fair v*w oftr.e state ofthe Charws affahs as at 31 D*%mber2024 and of tha inc(¥nlng re8ourc&s and a￿l￿tion 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 P￿etts, and hayp b88n yepared In accorrjancè the rg4biiThts of Ihe ChariU8s Act 2011. Basls for opinlon We Conduded our audit in o(wrdatKe Intem*t(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 fin￿121 statemenls in the UK, I￿￿Ing the Nr.aneial Reporting Coun(ifs Elhi￿1 Standard, and we have lulfilled our cth8r 8thicA r8sponstblifie$ in accLYrfanc8 w￿h 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 Cc￿￿Jded thoth9 trusiee$' use ofthe goir.g concem basts of a￿0¢￿tIng h tho preparation of the ttnan￿al staternents is apwoprtate. Basecl on the work we hava we have not ￿e￿tiFied any matèfial urt8rta.nties rdating to 8vents orcondiknons IhaL Indivldualty or collethvety. mwrf cast sgnttsnt IkKJbton ths charivs abllily to &￿tinue 8$ agoiry Cc￿eM for a period of at least tW81vè from when the statwntsare aulhortsed for issts6. rresponsibthtes and th&￿￿n￿7)ll￿9o11he Irusteeswith resp￿tEOg(￿ng oirtem are described in the￿￿vant sgCt¢ons ofthk% tapwt. Other Infomiatlon The othei infDrrnabon c(hmprises trie JnfonYatM)n i1￿1(￿ed in thè Trwteg8' annual report, other than the financial st2tsments and our a￿lI0￿S repTrtthereon. Ouropinion ￿ the fironL?al S￿tem￿ts does notcover otsr infortnation and, e￿pt lo thè 8xtanl tslh8rwi* expkouy Stat￿ in wr ￿p(￿l w8 do not 8xtw any form of assurance c￿￿u$￿n thereon. In connecll¢n our audit of ihe fina(￿81 *aiwrts. . our regwbi ilty is to ￿a￿ th6 0th8r infornailon 8nd. In doin9 50. Consider whether Ihe other inbrmation is materi3lbJ Ir￿&s18￿t tle financial sta18nents or our knowle4gJ obtalnéé in the audit or olherwise appears to be Materially misstat￿. Ilwe Kjeiufy material irKongstencies or apparent material misstalements, we8re tsquir8d to detenn0newF￿￿&rth8re b a mater&il mk55ts1ornentin the financial slatemenlsora materfal mlsstalement of the oiher infi)nnation. If, b2sed on Ihe we 179ve performec. w6 eoncILKle that th8re is a material misststemenl d this otherlnf¢Jrmation, are req(1￿d to rew)rtthat We have nothlrKJ to repK)rt in thi5 W. Mattgr8 on w*lch we are rBquired to report by exeeptlon We have nothlDJ tts r8port in reS￿ct ol the fd10￿lrg matters in rElatW￿ to wlith the CharilEs IAcrnunt$ and Reports) Regulations 2(K18 reqiure us to r8FM)rt io you rf. in ouropinkn: . the infom￿1￿￿ givell in ￿ fin8nCl￿ ststements Is fjThxJnsthnt in anymaroirl respeciwth trugtees. ￿pOrt.. or - sufficient a¢¢ounts"llg reco￿ have not bew kepL or - fhe fina￿1￿ stst8ments are nol In agreement wrfh the accc*￿tir9 r￿Ords., Of -we have not rece￿ed all the n￿rn￿t￿n 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 I￿Ste8$ As explalr*d mor8 fvlty in the statemerrt oftrusw Tr$pr￿Sly"r￿￿&$, the trust885 818 r8srmsble for the preparation of the rinancial stslements and for ieing satisffied that thgy g￿8 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 ￿epen1￿j th8 finanryai statements. t￿ IFuslees a¥e responsI￿.e for assesswg the Gharivs 8bllity to Coillnue as a gtyng con￿rn, dis¢losing, as 4￿￿thI￿. marefs relat&J to (l￿E￿ alld using the going eorpC8m basls Df accounting unless th9 t￿SteeS 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 app￿nted 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 WI￿ther Ihe fina￿al statements as a whole are frao from malerlal misstatemgnl, whether due lo frathl or error, 2nd to issue an audi￿5 report that indudes our upinion. Reasonable assurance 15 a lugh ￿Ve( of asgjrance but 15 rn1 a guarantee Ihat an audit Ctsnd￿ted in a¢xordallce svilh ISAS IUKI wlll detect a Fnateria., rriisstatement when it exL%s. M1sststem￿ls e8n arEe from fraud or èrror and are consldered rrJatèri21 if, indlvidualty or in the a9greGale. C￿lId 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& ¥r￿￿J1ng fraL¥E. is det8i18d beh)w. Our approach lo Identifwng and assessing the risks ofm#lwtal mi55tsternent In ￿sPeCt￿lrr&gula￿tie$. Indudrng fraud and non-conN)liance with laws and regulaticrts. ¥ras 8$ Wows: the engagernenl partner 8nsur8d Ihe ￿ffJa-ement learn wllectrvdy had the appropthats competen￿, skills and ability to i0¢nttfy ary nOrF¢0m￿laTr￿ with laws and re￿lations.. 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.ifica￿e to the chaiitls Operatic￿$, vthlch included the CfrArities Act 2011, hearth & safety. ernrAoymenl and data prOt￿lI0n., and %v¢ as￿SSed Ltr.e extent ol the Com￿1￿]ee *Mlh ihe laws and regulat.orts tdgntifi￿j above through ￿UIry of the Iruslees and by ravi￿Artg minutes aryj legal cos1& We assessed the suscepb'biliiy of the charitys finanu3J statéments to materfal m155ts1￿Ie￿L induding obtsirxng an understanding of how fraud might oc￿r, by. making enquirfes of the trustees as to whwe they consi¢Jered thwo w8$ ￿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 r￿lU￿ the likeli7M)od of any incidences ol fraud 01 r￿￿e0mplIanCe. To assess the rtsk of fraud through managemenl kn.as and ove(rfde of o)ntrds. we: perfotrtrEd analyti￿1 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 non4 ￿tan*nIS are rourMl8d lo th8 nearest£. Golng coneèrn At the b'me of appmvlThJ the f￿￿[81 statements. the tswtees h￿8 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 0￿cern baws 0[￿￿1n11￿ in prepar¥u th8 finan¢ia slai8m8nb Funds Gènara fut*ls terKes8nl the fwKt5 of Ihe tharity Ihat Sull￿t 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 fift8￿131 Stat￿eThI$ of church groups thak ow8 Iheir maln ¥ffilr"atKTrn to arK)th8T b¢JJy nor U)ose that are Inf￿rnal g?￿enr￿S of thurth m￿t￿ls. Income and ￿doWments C(41ecllons a￿ rewnlsed knthen r￿lwa￿ by or behaifolthe chaty. Plannad glving ra¢wv3￿O 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 notif*d 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 0romstruct￿0 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 Stater1￿LS by s9612Xal of th& Cttarfties Acl 1993. Fixbjres. fitlings offfce 8quipment- depreciabon is WIV￿ed 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 eXC￿j E1.2&) aNI vknere the life of the assets is notless than th￿e years. The Parotthlal ChLirch Council of ;he Ecclesiastical Parish of Holy Tf inity Annual Report and Fi nancial SlJ8 ￿ ￿nce wfth wles ofth& Slock Stock ts Vall￿ al the Ily￿er0[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 JUd￿MOnt8 and estlmaflon unc&tsinty Thè Trusteès Inake 8Stiffl8tes and asswi*)ns cort*n%ng thè futura. Thar8 arè no estimates or èssurnptions that havg a significant risk or￿UsI￿j 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 andoih8rshort4e￿n hpJhW fjquld Invè$trTrents that are readily convthllè ID a toThn am(MJrt ofcash axl a￿ ￿lleGt to an in5igtxknTrt risk tsfchan￿ In valu&. 1.13 Trade debtor Tradedeblor5 arp atnounts dLE frL¥n ￿88￿le8S ￿rf0m1?￿ h thg ordknary CQUfSa of busryiess. Trade debtors are recognised at the EranSaCOc￿ wice. Al tradeikbtor5 are rep8y*Ae wyE￿n one yè* and hen(% arg i￿ltH1o￿ al the undiscotsntgj cost of cath ex￿ to b8 r8c8Ned. A prO￿￿10n fortTr￿ itnpairrnent of trBde deblors15 e5tsb'.i5heot vthen UEre is (&i8cbv& 8videNx thatthe thaiitywll not èbb to (x)Ileclall amounts due accordiTrJ to orvinal terms of thè d8btors. 1.14 Trade creditors Traik Gredttors are obl¥Jali(Th for pay tor gfyyjs or S￿￿e$ thal have acqillred fft the ordlnary course of busvtess from swwiers. kn￿unts payat4e at clwfrd as wrrenl fi8Nities if the charfty doBs tiot havo a unconditlonal rfghlat Iheend oflhe rep￿ period to delers8tLerrwtforat*ast knve￿e Th￿nthS aftèrtr8 reporung date. othervAse they are pra￿10d as non-CAJrwt riabilib"es. Trade credrtors are re￿niSed inilialty at the tranwtion price and are repayable %MthN) year tr*nce atè fKJuded at th2 uTh￿isc￿nt9d amount ol ¢88h eXP8cled to be paid. 1.15 Fjnanclal instrurnents FInan￿al instnJmenis are dassif*d aTrJ acctsJnt8d foraxordiThJ to the substs1￿0 of ihe contractual arrdngement. as financial asset5. finanoal liabilities or gqui* ir6Erun)enis. An equli y ￿stDJM￿rt is a*y contract that evidences a r8sidu81 intèr85t IrE th8 as58t8 of the charity aft¥ ded￿tir,g all cf its liab.liti8s. All finarKial assets and fjatslities are tiiiial* m&&sur8d at tr8nsath(yn pr￿e l1Th￿ding Iransa¢ti¢2ncostsl, oxcept for those financial assets cjwified 85 alfar value throwh wofft and knss. sthich afy ￿l￿&¥y Mea￿r￿ al lairvalue Iwhich is n(xmaly thg trdnwb'on exdudirvJ tran￿tiOn costs), unless th8 arrange1r￿llt Constitutes a financing transarthn. If an alrangement Eon5tittr￿S a finan(ang tranS￿li0n. fhe financial a8Sèt or tiabiliy Is Me8w￿d at the pres&nl valua of thè tulur8 r0yrn￿ts 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¥l￿e& Income wific BCtbvitr¢s 37.595 37,595 31207 Pastoral ovaNW15tic 23.983 5.133 29.096 34.171 w￿Sh￿p 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[￿eS￿iCI8d. 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 R￿trIcted Funds 2024 Total Fun(fs 2023 Totsl Fund$ Actlvltl¢s und¢rtak•n.' Ml551on8ry app8a]s Trinty Supported Mlss*)n Parkners Missionary a￿1 tharitab giwng Printing, px%l8g8 ar￿1 slatK)nery Adrninistrdfwe exp8￿5 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, F*ayer 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 ex￿5¢$ 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 &tppOrtc￿ts Unrostrfcl Fund$ Restrlcted Funds 2024 Tot Funds 2023 Total Ftjnds Church Nnnlng eKpense$ I￿￿￿nce Utilittes aryj tdetkn) Clèaning Repair5 and m￿nteft?￿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 0￿eT exp8ris85 Evènts expenses Adrnini8trative expwses Ceprguaiw Stsff Costs Audit and se￿￿n￿nCY 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 be￿n mknistry and pastoral and evaNJ6Isk èxpenses as detsled bek)vr. Unrnstrfct•d Funds 2024Totsl Funds 2023 Total Funds Funds MissI￿ary 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 pro￿￿8 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$lastical Parlsh of Holy Trinity, Cheltenham Notes to thg financial statements for the year anded 31 December 2024 staff costs Reststo 2023 Numbei 2024 Numbor Numberofemplows The w￿rage nkn%)thly nLThberofemptoyaes knErt: 25 25 The￿ ale 5 not induded kn the above n￿1hty nwnber as Ihey are l￿rY ￿nPloYed for onewments E¥pendlture 31 December 2024 Specpl collgrltons Specific puwposes P8Stor8t and #wangelistic 1.7(XJ 100.LYJ5 17.985 1,859 141.798 7,307 {1,6551 11232lXJ) 8.910) 1133.765} 1,9)4 118.e93 18.3W2 119.7 150.%4 136.979 14. Unrestrlcted fimds 1 Janu¥y 2024 Income ExpendTture 31 Oeeèmber 2024 Ga)èral 51.695 11,013.9501 18,611 The P¢irochial Church Council of the Ecclesiastical Parish of Holy Trinity AnNuii1 Report and Fin2 ncial Statements 2024 The Parochial Church Counell of the Ec¢lesla$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 I￿￿1Y duiiry the ygar12023 . £nill. DJwiry the year under rewew ihe tharity txrdkqsed resourw Tmty Chettenham Twst LImI￿d 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 (itsv￿li0t 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-L￿I). The Parochial Church CoLincil of the EcclesiÈstical Parish of Holy Trinity Annual Report and Financial Slaternents 2024 23