2024-12-31-accounts

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Holy Trinity Church Barnstaple Contents

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Trustee'sAnnualReport	��
IndependentExaminer'sReport	�
StatementofFinancialActivities	�
BalanceSheet	�
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The trustees present their report and accounts for the year ended 31st December 202�.

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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.

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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.

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We have been immensely encouraged over the past year at all the Lord has been doing in our lives as we serve Him together. We have seen various changes to our worship services with the inclusion of a regular mid-week service and we have also developed the format for our evening OASIS service – with more group discussion and group times of sharing prayer. These developments have been very enriching and encouraging for all involved.

We have continued to serve the Lord in outreach and evangelism through regular initiatives such as the Tuesday morning coffee time as well as hosting an Alpha Course and it has been lovely to see people coming to faith through these activities. It has also been a great encouragement to have a number of people getting baptised on the beach in September with more people wanting this in the forthcoming year.Our work amongst other churches through Churches Together in Barnstaple has gathered momentum and there is a great sense of unity in what we hope to do together in the future. We have continued to place prayer at the centre of all that we do as we seek the Lord’s direction and guidance.It has been tremendously encouraging to see a good number of children and youth coming along regularly to our Sunday morning services, and we have also developed Adventure ��taking�Lighthouse and�youth church� outside to enjoy God’s creation as a part of our discipleship. Adventure Church has, over the past year, become part of our ‘regular diet’ for young people at Trinity. We have occasionally noted that those under the age of 18 have made up a third of those in attendance at our morning service, which is a great encouragement to us all. It has been wonderful to have Tim Cranston join us on the staff team as your youth worker.Our Connect groups have continued to flourish looking at fresh material as we all seek to grow in our discipleship. We had our second visit to Lee Abbey since COVID-19 and benefited from great teaching from Mark and Lindsay Melluish who many of us have known from New Wine trips over several years. We look forward to our next Lee Abbey trip in February 2026. These trips have been greatly enriching for our fellowship, spiritual growth and development as we seek to flourish together as a worshipping community at Trinity.

I personally want to take this opportunity to thank everyone who contributes to all our worshipping life at Trinity; it truly is amazing to see the number of people worshipping, serving, assisting and caring for one another.

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On behalf of the PCC, I wish to thank every person who made any sort of contribution to our Church during 2024. That may have been a gift of time, of prayer or of money – whatever its nature, it was much valued. God’s Word reminds us that we are all members of one body and when one of those members makes a decision to bless the body in any form whatsoever, we are all blessed. Sadly, during 2024, our actual income from Giving declined by

approximately £10,500. �� Whilst this is an on-going concern for the PCC, we were heartened by your response to our appeal for assistance with the maintenance of the car park and the creche roof. An amount of £25,489 was donated for those causes. The car park was partially retarred at a cost of £5,820 and the creche roof underwent first a temporary repair and, once the weather cleared, a more permanent one at a total cost of £9,210. The second bill of £7,390 was paid in January 2025.

We were much blessed by the sponsorship of additional working hours for our Youth worker, Tim Cranston who was appointed during the year. You may have noted that our outlay on salaries was less than in 2023 and this is attributable to that generosity. It has been heartening to see Tim developing the youth ministry in leaps and bounds. Thanks to the generous support of the Trinity congregation, we were able to meet all our commitments in 2024 and end the year with unrestricted cash reserves of £��. Whilst this may seem a healthy sum to hold in reserve, we� always need to bear in mind that our buildings are listed buildings. In fact, we have a quinquennial review due this year and have some structural concerns regarding the church. In this regard, the Diocese have recommended that we aim at setting aside £10,000 p.a. over 10 years for the purpose of ensuring that our buildings comply with regulations. Our total surplus for 2024 was £1�� (2023: £27,684). Total spending increased by�� % to�£27�,�� (2023: £252,320).

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�� which you can give to the work and mission of our Church: you can give� via the Parish Giving Scheme, the ‘Give a Little’ machine at the Welcome Desk, the offering bag, the Trinity website or by direct deposit into the church bank account. Please remember to Gift Aid your donation if you are able. For further details, I can be reached at finance@trinitybarnstaple.org.uk.

All that we have comes directly from our Heavenly Father. Let us in turn be generous with our prayers, our time and our money in support of His Church.

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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 second 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. ��

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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.

�� are either ex-officio, elected by the Annual Parochial Church Meeting or co-opted by the PCC in� accordance with the Church Representation Rules..

�� As agreed by the PCC consists of the Vicar, Church Wardens, Associate Minister, PCC Treasurer,� PCC Secretary and Administrator or Assistant Administrator. The Standing Committee has the power to transact business on behalf of the PCC. This committee meets in between the bi-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 attention of the full PCC the financial position of the church and can authorise urgent expenditure up to the limit set by the PCC.

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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

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1130331

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Holy Trinity Church Hall Barbican Terrace Barnstaple EX32 �HQ

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Revd Paul Taylor

�� Revd Shirley Paterson

�� Peter Nott

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��  Revd Paul Taylor Vicar/Chair Revd Shirley Paterson Associate Minister Retired during 2024 Revd Robin Smith Curate Andrew Keenan Churchwarden/Vice-chair Steve Bunce Churchwarden Retired during 2024 Suzanne Pentney-Tighe Churchwarden Rachel Keenan Deanery Synod Representative Until 2026 Deanery Synod Representative Steve Bunce �� Roger Boyton Until 2027 Julie Griffin Until 2027 Louise Kevan Until 2026 Margie Nobbs Treasurer Until 2025 David Archer Until 2026

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�� Many thanks to Helen Corfe, Sarah Tanton, David Elliot and Chris Oldham who ended their terms on� the PCC.

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Cheryl Manning FFA 94 Lower Cross Road Bickington Barnstaple EX31 2PJ

Approved by the board of trustees on ………………… and signed on its behalf by:

.............................................Chair

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I report to the trustees on my examination of the financial statements of Holy Trinity Church Barnstaple for the year ended 31 December 2024.

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As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of Institute of Financial Accountants.

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Cheryl Manning FFA Institute of Financial Accountants Cloud Accountancy Solutions 94 Lower Cross Road Bickington Barnstaple

EX31 2PJ

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195,933	61,207	-	257,140	262,653
29,895	-	-	29,895	15,998
	-	44	3,027	1,353
228,811	61,207	44	290,062	280,004

	34,843	44	182,840	158,256
	7,684	-	94,629	94,064
234,898	42,527	44	277,469	252,320
-	-	-	-	-
(6,087)	18,680	-	12,593	27,684
-	-	-	-	-
(6,087)	18,680	-	12,593	27,684

(6,087)	18,680	-	12,593	27,684

112,652	18,094	-	130,746	103,062
106,565	36,774	-	143,339	130,746

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�� �� Investments 8 �� Debtors 9 Cash at bank and in hand ��Amount falling due within one year 10 �� �� �� �� �� �� 11 Restricted income funds �� 11 General funds Designated funds �� 11 ��	�� � 45,459 45,459 5,511 101,679 107,190 (9,310) 97,880 143,339 143,339 143,339 36,774 36,774 98,765 7,800 106,565 143,339	�� � 44,442
		44,442 5,196 83,133
		88,329 (2,025)
		86,304 130,746
		130,746
		130,746
		18,094
		18,094 102,467 10,185
		112,652
		130,746

Approved�by�the�trustees�on��

And�signed�on�their�behalf�by:

P. Taylor �� 202�

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The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

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There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

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Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

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Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

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�� Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

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The charity is exempt from tax on its charitable activities.

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Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

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Donations and legacies Gift Aid Cash collections	�� � 153,275 29,708 12,950 195,933	�� � 56,061 5,146 - 61,207	�� �� � 209,336 34,854 12,950 257,140	�� �� � 211,514 36,301 14,838
				262,653

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3 �� Diocesan Fees Church Weekend Church hire and car park rent Climbing wall and other sundry receipts 4 �� Interest received 5 �� �� � Expenditure on charitable activities �� 147,953 Governance costs 147,953 6 �� Employee costs Premises costs General administrative costs Legal and professional costs 7 �� Salaries and wages	�� � 2,983 2,983 �� � 34,843 34,843 �� � 41,769 35,623 8,893 660 86,945	�� � 386 17,980 10,888 641 29,895 �� � 44 44 �� � 44 44 �� � - 7,684 - - 7,684 �� 41,769 41,769	�� �� � 386 17,980 10,888 641 29,895 �� �� � 3,027 3,027 �� �� � 182,840 182,840 �� �� � 41,769 43,307 8,893 660 94,629	�� �� � 2,046 6,443 7,025 484
				15,998
				�� �� � 1,353
				1,353
				�� �� � 158,256
				158,256
				�� �� � 49,940 36,655 6,969 500
				94,064
				�� 49,940
				49,940

No employee received emoluments in excess of £60,000.

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�� At 1 January 2024 Additions At 31 December 2024 �� At 31 December 2024 At 31 December 2023 9 �� Trade debtors 10 �� amounts falling due within one year Accruals	�� � 5,511 5,511 �� �	�� �� �� � 44,442 1,017 45,459 45,459 44,442	�� � 44,442 1,017
			45,459
			45,459
			44,442
			�� � 5,196
			5,196
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	9,310		2,025
	9,310		2,025

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�� �� CBF Churchyard Fund Total �� Building Fund Christians Against Poverty Total �� �� �� Youth and Children Hardship Fund Total ��	�� �� - - 1,494 16,600 18,094 102,467 6,171 4,014 10,185 130,746	�� �� �� �� �� � � 44 44 28,692 32,515 61,207 227,715 449 647 1,096 290,062	�� �� � (44) (44) (7,684) (34,843) (42,527) (231,417) (2,021) (1,460) (3,481) (277,469)	�� �� �� � -
				-
				22,502 14,272
				36,774
				98,765 4,599 3,201
				7,800

				143,339

Purposes and restrictions in relation to the funds: Endowment funds:

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Restricted funds: Building Fund For ongoing repairs to the Church and car park Christians Against Poverty �� Designated funds: Youth and Children �� Hardship Fund ��

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Investments Net current assets	�� �� �	�� �� �	�� �
	43,794	1,665	45,459
	67,041 110,835	30,839 32,504	97,880
			143,339

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Cash and cash equivalents Net debt	�� �� �	�� �	�� �� �� �
	83,133	18,546	101,679
	83,133 83,133	18,546 18,546	101,679
			101,679

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�� Donations and legacies Donations and legacies Gift Aid Cash collections Charitable activities Diocesan Fees Church Weekend Church hire and car park rent Climbing wall and other sundry receipts Investments Interest received �� �� Charitable activities �� �� �� Employee costs Salaries/wages Premises costs Light, heat and power Premises cleaning Premises insurances Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Stationery and printing Sundry expenses	�� �� �� � 153,275 29,708 12,950 195,933 386 17,980 10,888 641 29,895 2,983 2,983 228,811 147,953 147,953 147,953 41,769 41,769 12,352 971 4,652 15,222 2,426 35,623 2,969 4,700	�� �� �� � 56,061 5,146 - 61,207 - - - - - - - 61,207 34,843 34,843 34,843 - - - - - 7,684 - 7,684 - -	�� �� �� � - - - - - - - - - 44 44 44 44 44 44 - - - - - - - - - -	�� �� � 209,336 34,854 12,950 257,140 386 17,980 10,888 641 29,895 3,027 3,027 290,062 182,840 182,840 182,840 41,769 41,769 12,352 971 4,652 22,906 2,426 43,307 2,969 4,700	�� �� � 211,514 36,301 14,838
					262,653
					2,046 6,443 7,025 484
					15,998
					1,353
					1,353
					280,004 158,256
					158,256
					158,256 49,940
					49,940
					14,669 1,208 5,880 12,784 2,114
					36,655
					2,409 3,417

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Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees �� �� Net gains on investments �� �� �� Other Gains �� �� Total funds brought forward ��	1,224 8,893 660 660 86,945 234,898 - (6,087) (6,087) - (6,087) 112,652 106,565	- - - - 7,684 42,527 - 18,680 18,680 - 18,680 18,094 36,774	- - - - - 44 - - - - - - -	1,224 8,893 660 660 94,629 277,469 - 12,593 12,593 - 12,593 130,746 143,339	1,143
					6,969
					500
					500

					94,064
					252,320 -
					27,684
					27,684 -
					27,684
					103,062
					130,746

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