The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Church Barnstaple Registered Charity Number: 1130331
Holy Trinity Barnstaple
Trustees Annual Report and Accounts For the year ended 31[st] December 2021
HOLY TRINITY CHURCH BARNSTAPLE
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Receipts and Payments | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
HOLY TRINITY CHURCH BARNSTAPLE
REPORT OF THE TRUSTEES
for the year ended 31[st] December 2021
The trustees present their report and accounts for the year ended 31st December 2021. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts.
Objectives and Aims
The primary object of the PCC is to promote the Gospel of the Lord Jesus Christ according to the doctrines and practices of The Church of England.
Public benefit
The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.
Achievement and Performance
Charitable activities
The past year has continued to have certain challenges as we had hoped to ease out of the pandemic earlier than has actually been the case. Throughout this season of the church’s life, we have thankfully continued to see many people attending church services and a significant number of newcomers joining our church.
On the 9th October 2021 we hosted our church Vision Day at Filleigh Village Hall and invited the PCC, Ministry Team, Staff Team and those on the Growing Leaders Course to spend a day worshipping, praying and listening to one another as we sought to discover afresh what the Lord is calling us to as a church. We have reviewed this Vision Day and are looking forward developing our life and ministry together in the areas of:
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Worship
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Belonging
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Service
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Outreach
We have run several great courses over the past year including a course run by a group called Walk Through the Bible entitled: “The Bible in a Nutshell” (looking at an overview of the Old Testament) and the Bible Course which is run by the Bible Society. Both courses were very well attended, and it was so encouraging to see so many engaging in a fresh overview of scripture.
One main project has been the development of the glass door project to place a new door leading out into the church garden. We are hoping that this will be completed in early 2022 and anticipate that this will transform our times of worship and fellowship and be of great benefit in a variety of ways. We are all hugely grateful to Jerry Kent for the incredible amount of work that he has put into this project happen.
Trinity continues to have many people serving in lots of different aspects of our church life and outreach into the community. We are immensely grateful to all who serve the Lord in so many ways and ensure that we include others and invite people into our fellowship, church services and events. It has been wonderful to see the development of new Tech teams and the ongoing changes to how we continue to have an online presence for those who haven’t felt ready to attend church services yet due to Covid concerns. Those with these technical skills have enabled lots of people to feel included, despite not being present at events or services. This year of review and envisioning will lead us to develop all aspects of church life as we work together towards the future that God has in store for us.
We take this opportunity to thank everyone who has worked tirelessly to support all aspects of ministry at Trinity. Despite some of the challenges we have faced, we have experienced a wonderfully deep sense of unity together.
Financial Review
We are all weary of hearing about the negative effects of Covid, so let me start with a positive look at its effects on our lives and finances. Happily, Covid has helped us to set aside our own comfort and put our focus on the needs of others. In telling us what the Lord requires of us, Micah 6:8 reminds us that we are to love mercy and in an expression of this, the members of Trinity Barnstaple donated some £7,000 to needy folk within the church and the local community. This was over and above normal Giving.
In addition, Trinity was able to donate £1,500 each to Tear Fund, the North Devon House of Prayer, Amigos and Scripture Union. Coastal Community and Home for Good received £900 each and smaller amounts supported New Wine, Street Pastors, Frontiers and a couple of children’s ministries. The PCC are intent on ensuring that we tithe on our income from Giving in support of mission work.
Another piece of good news has been our progress on the doorway to the garden. Our generous members stepped up yet again, and an additional £22,123 was added to the £29,316 in the Building Fund and we were able to proceed with building the archway. Those who have had a sneak preview say that an excellent job has been done and thanks are due to Riley and Guy and our own Jerry Kent, the architect in charge of the project. To the end of December, £39,778 had been spent on these building work.
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HOLY TRINITY CHURCH BARNSTAPLE
REPORT OF THE TRUSTEES
for the year ended 31[st] December 2021
At the PCC meeting in January, the matter of Common Fund was considered once again. Since our finances have still not recovered to pre-pandemic levels, it was resolved to increase our annual payment to the Diocese by 3% on last year’s figure. This amount falls short of what was requested by some £6,800. We have addressed a letter to the Diocesan Finance Department explaining our financial constraints.
Grateful thanks are due to all those members who increased and/or switched their giving to the Parish Giving Scheme as a result of the ‘family meeting’ in October, when I highlighted our on-going shortfall. We are blessed by the faithful giving of every member who contributes to the running expenses of our church. As was mentioned in the ‘family meeting’ we enjoy the privilege of meeting in Listed Buildings but that privilege carries a maintenance responsibility. Your PCC aim to set aside approximately £10,000 each year for the purposes of carrying out the repairs indicated in the most recent quinquennial inspection. The shortfall of £15,708 on the current year’s receipts and payments does not bode well for this plan and we may have to consider making further appeals for assistance with this expenditure. Trinity Barnstaple is our church home. Let’s all work together to make it shine out God’s presence in the community through our ministry, our worship, our participation and our giving.
The accounts show that income increased in the year by 20% to £242,260 whilst expenditure increased by 24% to £257,968. Deficit for the year was £15,708 (PY: deficit £15,954)
Unrestricted cash reserves held at the year-end amounted to £29,336 (PY £23,975)
Reserves policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the Charity should be approximately three months of the resources expended. At this level the trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in income.
Structure, Governance and Management
Governing document
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Holy Trinity Barnstaple is Mission community known as the Barnstaple Group.
Trustee selection
The method of appointment to the PCC is set out in the Church Representation Rules.
Nominations for membership to the PCC are invited prior to the Annual Parochial Church Meeting. Membership of the PCC is open to all members on Holy Trinity's Electoral Roll. The PCC has ultimate responsibility for a wide range of matters affecting the parish, including such matters as compliance with health and safety, General Data Protection Regulations, disability discrimination legislation and safeguarding children and vulnerable adults. We have no formal induction process although new members are briefed on issues as they arise. Members of the PCC have attended training in Safeguarding and all members have been made aware of current Safeguarding legislation and good practice recommendations. The incumbent, church wardens and church administrator ensure that all decisions made by the PCC comply with current legislation. The PCC meets every month. Other matters are delegated to the Standing Committee which meets when necessary. Standing Committee can authorise expenditure up to £1,000. Day to day management of the parish is by the minister and church wardens. Two part-time administrators are employed in the church office.
Organisational structure
The PCC (Powers) Measure 1956 states the PCC is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Members of the PCC are either ex-officio, elected by the Annual Parochial Church Meeting or co-opted by the PCC in accordance with the Church Representation Rules. There are currently nine elected members of the PCC (12 is the maximum allowed). Two of these are coming to the end of their term making six positions available.
The Standing Committee: As agreed in May 2011 the SC consists of the Vicar, Associate Minister, Church Wardens, PCC Treasurer and PCC secretary. The Standing Committee has the power to transact business on behalf of the PCC. This committee meets in between the monthly PCC meetings when needed and has the authority to call extra-ordinary meetings of the PCC if necessary. It has the responsibility to bring to the full PCC’s attention the financial position of the church and can authorise urgent expenditure up to the limit set by the PCC.
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HOLY TRINITY CHURCH BARNSTAPLE
REPORT OF THE TRUSTEES
for the year ended 31[st] December 2021
Reference and Administration Details
Registered name
The full name of the charity is The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Barnstaple. The charity is also known by the name Holy Trinity Church Barnstaple
Registered Charity number
1130331
Principal address
Holy Trinity Church Hall Barbican Terrace Barnstaple EX32 0HQ
Vicar
Revd Paul Taylor Associate Minister Revd Shirley Paterson
Secretary
Peter Nott
Trustees Name
| rustees | ||
|---|---|---|
| Name | Position | Appointments/Resignations |
| Ex Officio members: | ||
| Revd Paul Taylor | Vicar/Chair | |
| Revd Shirley Paterson | Associate Minister | |
| Andrew Keenan | Churchwarden/Vice-chair | |
| Steve Bunce | Churchwarden | Until 2022 |
| David Elliot | Deanery Synod Representative | Until 2023 |
| Rachel Keenan | Deanery Synod Representative | Until 2023 |
| Members: | ||
| David Archer | Until 2023 | |
| Sharon Blyth | Until 2023 | |
| Stephen Dove | Until 2023 | |
| Lee Hurrell | Assistant Safeguarding Officer | Until 2023 |
| Harry Monson | Until 2022 | |
| Margie Nobbs | Treasurer | Until 2022 |
| Christopher Oldham | Until 2023 | |
| Tony Shields | Until 2023 | |
| Helen Corfe | Until 2024 |
Independent Examiner
Magnus Proctor FFA Lindisfarne Landkey Road Barnstaple EX32 9BW
Approved by the board of trustees on 14[th] March 2022 and signed on its behalf by:
............................................. Chair
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH BARNSTAPLE
Independent examiner's report to the trustees of Trinity Church Barnstaple
I report to the charity trustees on my examination of the accounts of Trinity Church Barnstaple (the Trust) for the year ended 31[st] December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Magnus Proctor FFA Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW
Date: 04[th] March 2022
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HOLY TRINITY CHURCH BARNSTAPLE
RECEIPTS AND PAYMENTS for the Year ended 31[st] December 2021
| Receipts Donations and legacies Gift aid Cash collections Diocesan fees Church weekend Church hire and car park rent Climbing wall and other sundry receipts Investments Interest received Total receipts Payments Charitable activities Common fund Diocesan fees Clergy expenses Ministry resources Altar, music and coffee supplies Mission gifts Interface Christians Against Poverty Church weekend Youth and children Climbing wall Premises costs Insurance Light and heat Cleaning Maintenance Church hall - maintenance Church hall – light and heat Security Administration costs Salaries Telephone Stationery and printing Sundry office costs Legal costs Independent examination Total payments Net receipts / (payments) Reconciliation of funds Transfer between funds Total Funds brought forward Total Funds carried forward |
2021 2020 Unrestricted funds Restricted funds Total Total £ £ £ £ 139,194 49,808 189,002 157,216 24,001 2,996 26,997 23,695 8,351 8,351 9,296 2,665 2,665 2,046 9,191 9,191 295 2,380 2,380 3,873 2,506 2,506 4,390 |
|---|---|
| 188,288 52,804 241,091 200,811 1,125 43 1,168 1,128 |
|
| 189,413 52,847 242,260 201,939 |
|
| 83,608 83,608 83,608 1,064 1,064 1,518 934 934 2,396 573 573 1,014 3,315 3,315 1,837 26,572 26,572 18,677 0 0 697 0 31,269 31,269 27,495 2,135 2,135 30 3,864 3,864 3,159 0 0 40 5,313 5,313 5,503 3,586 3,586 4,774 401 401 1,205 2,428 39,821 42,249 6,503 1,255 1,255 3,670 1,901 1,901 1,671 3,848 3,848 2,003 39,390 39,390 35,295 905 905 1,483 2,017 2,017 1,817 3,269 3,269 3,061 0 0 55 500 500 500 |
|
| 186,878 71,090 257,968 208,011 |
|
| 2,535 (18,243) (15,708) (6,072) 0 0 0 0 26,841 32,324 65,165 71,237 |
|
| 29,376 20,081 49,457 65,165 |
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HOLY TRINITY CHURCH BARNSTAPLE
STATEMENT OF ASSETS AND LIABILITIES At 31[st] December 2021
| STATEMENT OF ASSETS AND LIABILITIES At 31st December 2021 |
|
|---|---|
| Fixed Assets Investment Assets CBF Investment Fund Current Assets Debtors Cash at bank Current Liabilities Creditors Total Assets less Liabilities |
2021 2020 Unrestricted funds Restricted funds Total Total £ £ £ £ 0 0 0 0 44,294 1,684 45,978 40,198 2,918 149 3,067 1,922 29,336 20,121 49,457 65,165 (1,231) (0) (1,231) (1,170) |
| 75,317 21,954 97,271 106,115 |
The financial statements were approved by the Board of Trustees on 14[th] March 2022 and were signed on its behalf by:
............................................. Chair
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HOLY TRINITY CHURCH BARNSTAPLE
1. Accounting Policies
Basis of preparing the financial statements and assessment of going concern
The accounts have been prepared on a receipts and payments method under section 133 of the Charities Act 2011 (‘the Charities Act’)
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
2. Movement in Funds
| General Fund Restricted: Building fund Christians Against Poverty Endowment: CBF Churchyard fund Total Funds |
Balance Income Expenditure Transfers Balance 1st Jan 2021 31st Dec 2021 26,841 189,413 (186,878) 0 29,376 29,316 22,123 (39,778) 0 11,661 9,008 30,681 (31,269) 0 8,420 0 43 (43) 0 0 |
|---|---|
| 65,165 242,260 (257,968) 0 49,457 |
| General Fund Restricted: Building fund Christians Against Poverty Endowment: CBF Churchyard fund Total Funds |
Balance Income Expenditure Transfers Balance 1st Jan 2020 31st Dec 2020 33,330 173,986 (180,475) 0 26,841 29,316 0 0 0 29,316 8,591 27,912 (27,495) 0 9,008 0 41 (41) 0 0 |
|---|---|
| 71,237 201,939 (208,011) 0 65,165 |
The Building Fund was commenced in September 2016 to provide for the Chancel roof repair, a new doorway, garden and wall refurbishment and window repairs. The target is £80,000. Donors have been notified that a 10% tithe of all giving toward the building fund will go to the Lama girl's hostel in the Philippines.
3. Trustee remuneration and benefits
Rachel Keenan (Church Administrator) and Sharon Blyth (Schools and Families Worker) are both employed by the charity.
No other of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.
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