**Charity number: 1130651**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow Trustees' report and financial statements for the year ended 31 December 2022**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
|**Contents**||
|---|---|
||**Page**|
|Legal and administrative information|**1**|
|Trustees report|**2**|
|Independent examiners' report|**3**|
|Statement of financial activities|**4**|
|Balance sheet|**5**|
|Notes to the financial statements|**6-12**|
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Legal and administrative information**
|**Charity number**|1130651||
|---|---|---|
|**Working name**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
|**Business address**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
||High Street||
||Hounslow||
||TW3 1HG||
||2085779048||
|**Trustees**|Rev Sally Baily|Vicar|
||Warren Frank|Treasurer|
||Rajani Raveendran Abram|Served until May 2022|
||Rebecca Asio||
||Mary Britton||
||Rev Immanual Christian||
||David Egyiawan||
||Peter Furze||
||Steve Hopkins||
||Eileen Marfe||
||David Marsh||
||Davina Paul||
||Robin Peter||
||Alice Philip||
||Deena Reddy||
||Rev Dave Roberts||
||Tatiana Sakharova||
||David Thangarajah||
||Sue Armitt||
||Serghei Tulba|Appointed May 2022|
## **Independent Examiner**
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
**Page 1**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Report of the trustees for the year ended 31 December 2022**
The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees who served during the year and up to the date of this report are set out on page 1 Please refer to the attached addendum which comprises a detailed information and explanation of the Trustees' Report.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales (the Charities Act 2011), requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. In preparing these financial statements, the trustees are required to:
- -select suitable accounting policies and then apply them consistently;
- -observe the methods and principles in the Charities SORP
- -make judgements and estimates that are reasonable and prudent
- -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of The Parochial Church Council:
**Rev Sally Baily Vicar**
**Date:** 24th March 2023
**Page 2**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Independent examiner's report to the trustees on the unaudited financial statements of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow**
I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow for the year ended 31 December 2022 which are set out on pages 2 to 12.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the - Charities Act) and that an independent examination is needed and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 130 of the 2011Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
Date: 31/03/2023
**Page 3**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Statement of financial activities**
## **For the year ended 31 December 2022**
|**Notes**
**Income**
Voluntary income
2
Activities for generating funds
3
Income from investments
4
Church activities
5
**Total income**
**Expenditure**
Cost of generating voluntary income
6
Church activities
7
Governance costs
8
Transfers
Total funds brought forward
**Total funds carried forward**
**Net movement in funds**
**other recognised gains and losses**
**Other recognised gains and losses**
Gain/(Loss) on investment
**Net incoming/(outgoing) resources before**
**Total expenditure**|**2022**
**Total**
**£**
**2021**
**Total**
**£**
205,690
252,127
530
123
7,697
7,359
25,244
18,833
278,442
5,934
22,344
195,370
156,256
36,117
97,322
126,157
237,421
275,922
10,080
1,740
2,520
-
(33,871)
(33,871)
36,010
10,080
(32,131)
38,530
24,100
400,122
361,592
3,093
(3,093)
-
-
-
37,273
367,991
400,122
(33,871)
-
-
-
-
-
-
102,924
-
7,620
-
77
88,290
287,732
76,857
253,861
(8,340)
(8,340)
-
136,237
-
-
110,353
85,017
-
9,870
26,247
239,161
111,264
**Endowment**
**funds**
**£**
25,244
110,386
530
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
95,304
-
-
5,934|
|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 4**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Balance sheet as at 31 December 2022**
|**Notes**
**Fixed assets**
Tangible assets
10
Investments
18
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**Non current liability**
Creditors - amount falling due after one year
13
**Net assets**
**The funds of the charity:**
14
Unrestricted income fund
15 & 16
Restricted income fund
17
Endowment fund
18
**Total charity funds**|**£**
**£**
1,367
253,861
255,228
19,249
98,651
117,900
(5,137)
367,991
-
367,991
37,273
76,857
253,861
367,991
**2022**|**£**
**£**
5,397
287,732
293,129
7,348
109,370
116,718
(9,725)
400,122
-
400,122
24,100
88,290
287,732
400,122
**2021**|
|---|---|---|
The financial statements were approved by the trustees on 24th March 2023 and signed on its behalf by
Rev Sally Baily **Vicar**
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 5**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been ap-plied consistently throughout the year and the preceding year. The transition to FRS 102 has resulted in no changes in accounting policies to those applied previously.
**1.1. Basis of accounting** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), and the Charities Act 2011. **1.2. Cashflow** The Charity has taken advantage of the exemption in FRS 102 from the requirement to produce a cashflow statement because it is a small entity. **1.3. Fund accounting** The unrestricted funds are funds available for charitable purposes within the objectives of the Charity. The restricted funds are funds which are to be used in accordance with specific restrictions im-posed by donors or which have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. **1.4. Income** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Income from investments is included in the year in which it is receivable.
**Page 6**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1.5. Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **1.6. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - PA system depreciated on a straight line method at 25% Fixtures, fittings and equipment - Equipment depreciated on a straight line method at 25%
## **1.7. Going Concern**
The accounts have been prepared on the assumption that the Charity is able to carry on its activities as a going concern, which the trustees consider appropriate having regard to the circumstances.
## **2 Voluntary income**
|Alpha donations
Donation/Standing Orders
Collections
Tax recoverable on gifts
Bookstall & magazine sales
Grant Income
Other Income
Donations -Special donations
Donations -Parent/Toddler/Youth
Donations -Gujarati -Hindi Services
Olive branch donation|**Unrestricted**
**funds**
**£**
68,068
18,940
2,225
15,624
2,794
1,377
-
-
-
1,088
270
110,386|**Restricted**
**funds**
**£**
-
-
51,829
1,238
-
4,932
37,305
-
-
-
-
95,304|**2022**
**Total**
**£**
68,068
18,940
54,054
16,862
2,794
6,309
37,305
-
-
1,088
270
205,690|**2021**
**Total**
**£**
83,070
9,849
126,185
20,945
7,609
3,607
811
51
-
-
-
252,127|
|---|---|---|---|---|
**Page 7**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
|**3.**
**Activities for generating funds**
Funerals, weddings, etc
**4.**
**Income from investments**
Investment & Interest
**5.**
**Church activities**
Church lettings
**6.**
**Cost of generating voluntary income**
Waste
Outreach
Bank charges
Depreciation
Vicar's expenses|**Unrestricted**
**funds**
77
77
**Unrestricted**
**funds**
**£**
-
-
1,202
4,030
702
5,934|**Unrestricted**
**funds**
**£**
530
530
**Restricted**
**funds**
**£**
7,620
7,620
**Unrestricted**
**funds**
**£**
25,244
25,244
**Restricted**
**funds**
**£**
-
-
-
-
-
-|**2022**
**Total**
**£**
530
530
**2022**
**Total**
**£**
7,697
7,697
**2022**
**Total**
**£**
25,244
25,244
**2022**
**Total**
**£**
-
-
1,202
4,030
702
5,934|**2021**
**Total**
**£**
123
123
**2021**
**Total**
**£**
7,359
7,359
**2021**
**Total**
**£**
18,833
18,833
**2021**
**Total**
**£**
2,618
57
461
6,259
12,949
22,344|
|---|---|---|---|---|
**Page 8**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**7.**
**Church activities**
Outside giving
Kidswork & Youth
Common fund
Clergy costs: Curate
Heat,light and water
Routine repairs & renewals
Health & Safety
Cleaning
Worship
IT, Computers & Advert
Curate-Overheads
Staff expenses, training & recruitment
Examination fee
Payroll fees, software & consultancy
Insurance
Major repairs Lighting,Stage,Warehouse
Freelance contractors
Postage , Stationery & Printing
Telephones & Internet
Olive Branch expenses
HR consultancy
Naya Jivan church services
Funerals, weddings etc
Other expenses
**8.**
**Governance costs**
Church Staff Salaries & Pension cost
Alpha
Special events|**Unrestricted**
**funds**
**£**
720
-
48,000
-
14,045
807
-
10,192
-
3,038
3,648
6,626
2,000
322
5,430
-
6,893
3,334
1,487
-
-
-
-
3,811
110,353
**Unrestricted**
**funds**
**£**
8,458
1,412
-
9,870|**Restricted**
**funds**
**£**
1,688
-
8,394
-
-
18,833
-
-
-
-
22,845
-
-
-
-
2,681
6,915
-
-
7,992
-
11,380
-
4,289
85,017
**Restricted**
**funds**
**£**
23,297
2,950
-
26,247|**2022**
**Total**
**£**
2,408
-
56,394
-
14,045
19,640
-
10,192
-
3,038
26,493
6,626
2,000
322
5,430
2,681
13,808
3,334
1,487
7,992
-
11,380
-
8,100
195,370
**2022**
**Total**
**£**
31,755
4,362
-
36,117|**2021**
**Total**
**£**
1,420
394
45,000
-
11,480
5,577
1485
5,081
11,542
3,777
25,638
3,857
2,000
9,158
5,402
5,681
5,555
525
1,314
251
2,442
5,916
558
2,203
156,256
**2021**
**Total**
**£**
95,398
-
1,924
97,322|
|---|---|---|---|---|
**Page 9**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **9 Employees**
**----- Start of picture text -----**
||||
|---|---|---|
|Employment costs|2022|2021|
|£|£|
|Wages and salaries|31,307|93,584|
|Social security costs|448|1,814|
|31,755|95,398|
**----- End of picture text -----**
No employee received emoluments of more than £60,000 (2021 : None).
## **Number of employees**
The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:
**----- Start of picture text -----**
|||
|---|---|
|2022|2021|
|Number|Number|
|2|5|
**----- End of picture text -----**
Hammad Baily was paid £4,440 during the year for services rendered as Worship Director. There were no other payments or expenses paid to any other PCC members, persons closely connected or related parties.
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Fixtures,|
|10.|Tangible fixed assets|Plant and|fittings and|
|machinery|equipment|Total|
|£|£|£|
|Cost|
|At 1 January 2022|10,663|21,165|31,828|
|Additions|-|-|-|
|At 31 December 2022|10,663|21,165|31,828|
|Depreciation|
|At 1 January 2022|9,277|17,154|26,431|
|Charge for the year|957|3,073|4,030|
|At 31 December 2022|10,234|20,227|30,461|
|Net book values|
|At 31 December 2022|429|938|1,367|
|At 31 December 2021|1,386|4,011|5,397|
**----- End of picture text -----**
**Page 10**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**11.**
**13.**
Loan
**14.**
**Unrestricted**
**funds**
**£**
1,367
41,043
(5,137)
Non Current liability
-
37,273
**15.**
**Unrestricted funds**
**At 1**
**January**
**2022**
**Incoming**
**resources**
**£**
**£**
Unrestricted fund
24,100
136,237
**16.**
**Designated funds**
**At 1**
**January**
**2022**
**£**
**£**
Bank Interest for reserves
-
-
Worship Masterclass fund
330
-
Staff reserves
2,692
-
Major repairs & refurbishment fund
8
-
Legacy fund
10,683
-
13,713
-
Current assets
Current liabilities
**Incoming**
**resources**
Unrestricted funds include the following designated funds
**Creditors: amount falling due after one year**
**12. Creditors: amounts falling due within one year**
Accounts payable & other creditors
Other taxes and social security
Accruals
Other debtors
Prepayments
**Debtors**
**Analysis of net assets between funds**
Fund balances at 31 December 2022 as represented by:
Tangible fixed assets|**Restricted**
**funds**
**£**
-
76,857
-
-
76,857
3,093
**£**
3,093
-
-
-
-
3,093
**Transfers**
**Transfers**
**£**|**2022**
**£**
19,249
-
19,249
**2022**
**£**
3,137
-
2,000
5,137
**2022**
**£**
-
**£**
-
(330)
-
(8)
(330)
(668)
253,861
-
-
**£**
253,861
**Outgoing**
**resources**
**Outgoing**
**resources**
(126,157)
**Endowment**
**funds**
**£**
-||-
**£**
2,692
371,761
(5,137)
367,991
-
-
**£**
**At 31**
**December**
**2022**
37,273
**At 31**
**December**
**2022**
-
10,353
16,138
3,093
**2021**
**£**
7,348
-
**Total**
**funds**
**£**
7,146
579
2,000
7,348
**2021**
**£**
9,725
**2021**
**£**
1,367|
|---|---|---|---|---|
Fund for Bank Interest Reserves Fund for Worship leaders training Fund for staff reserves Fund for major repairs and refurbishment Fund for Legacy donations – spent on major projects
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
**Page 11**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
## **17. Restricted funds**
|**17. Restricted funds**||||||
|---|---|---|---|---|---|
||**At 1 January**|**Incoming**|**Transfers**|**Outgoing**|**At 31**|
||**2022**|**resources**||**resources**|**December**|
||||||**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Olive branch|13,804|37,537|(3,093)|(8,475)|39,773|
|Tower Cross fund|499|-|-|-|499|
|Digital communication|2,000|2,000|-|(2,805)|1,195|
|LHB Youth employment fund|3,720|-|-|-|3,720|
|Plant curate housing fund|1,772|22,086|-|(21,935)|1,923|
|Operations|20,149|-|-|(8,351)|11,798|
|Concrete fund|2,439|-|-|(2,439)|-|
|WT- Laptops, OM, PA, toilets|30,785|319|-|(25,270)|5,834|
|WGF-Card Machine|2,000|-|-|(312)|1,688|
|Nayajivan Church|2,759|9,530|-|(12,289)|-|
|Nayajivan Salary Grant|8,363|-|-|(8,363)|-|
|Hardship|-|3,075|-|(1,763)|1,312|
|Household Support Fund|-|10,327|-|(7,676)|2,651|
|WT- Farsi|-|500|-|(232)|268|
|Endowment Building Fund|-|7,550|-|(7,550)|-|
|SDF Mission Admin|-|10,000|-|(3,804)|6,196|
||88,290|102,924|(3,093)|(111,264)|76,857|
## **Restricted Fund Descriptions**
Fund towards Oliver branch - crisis drop-in project, including grants from Welcare Trust, Whitlock Trust, B&Q Neighbourly, Vintners, St John’s Mar Thoma Church and Hounslow Evangelical Church. Fund in respct of installation of a feature on Holy Trinity tower Fund for digital communication Fund for youth employment project Fund for plant curate housing fund Fund for church operations Fund towards the concrete repairs Fund for Whitlock Trust grants, PA & Operations manager, Toilets Fund for card machine Fund towards Naya Jivan Church Fund for salaries for Naya Jivan Church Fund for relief of Hardship Fund for Household Support Fund for Farsi Fellowship Fund for Endowment Interest - Building works Fund for SDF Mission administration
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
|**18.**
**Endowment fund**
**At 1**
Endowment fund|**January**
**2022**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
287,732
(33,871)
253,861|
|---|---|
Income from Endowment fund is to be used for church building improvements.
**Page 12**
**Charity number: 1130651**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow Trustees' report and financial statements for the year ended 31 December 2022**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
|**Contents**||
|---|---|
||**Page**|
|Legal and administrative information|**1**|
|Trustees report|**2**|
|Independent examiners' report|**3**|
|Statement of financial activities|**4**|
|Balance sheet|**5**|
|Notes to the financial statements|**6-12**|
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Legal and administrative information**
|**Charity number**|1130651||
|---|---|---|
|**Working name**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
|**Business address**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
||High Street||
||Hounslow||
||TW3 1HG||
||2085779048||
|**Trustees**|Rev Sally Baily|Vicar|
||Warren Frank|Treasurer|
||Rajani Raveendran Abram|Served until May 2022|
||Rebecca Asio||
||Mary Britton||
||Rev Immanual Christian||
||David Egyiawan||
||Peter Furze||
||Steve Hopkins||
||Eileen Marfe||
||David Marsh||
||Davina Paul||
||Robin Peter||
||Alice Philip||
||Deena Reddy||
||Rev Dave Roberts||
||Tatiana Sakharova||
||David Thangarajah||
||Sue Armitt||
||Serghei Tulba|Appointed May 2022|
## **Independent Examiner**
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
**Page 1**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Report of the trustees for the year ended 31 December 2022**
The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees who served during the year and up to the date of this report are set out on page 1 Please refer to the attached addendum which comprises a detailed information and explanation of the Trustees' Report.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales (the Charities Act 2011), requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. In preparing these financial statements, the trustees are required to:
- -select suitable accounting policies and then apply them consistently;
- -observe the methods and principles in the Charities SORP
- -make judgements and estimates that are reasonable and prudent
- -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of The Parochial Church Council:
**Rev Sally Baily Vicar**
**Date:** 24th March 2023
**Page 2**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Independent examiner's report to the trustees on the unaudited financial statements of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow**
I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow for the year ended 31 December 2022 which are set out on pages 2 to 12.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the - Charities Act) and that an independent examination is needed and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 130 of the 2011Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
Date: 31/03/2023
**Page 3**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Statement of financial activities**
## **For the year ended 31 December 2022**
|**Notes**
**Income**
Voluntary income
2
Activities for generating funds
3
Income from investments
4
Church activities
5
**Total income**
**Expenditure**
Cost of generating voluntary income
6
Church activities
7
Governance costs
8
Transfers
Total funds brought forward
**Total funds carried forward**
**Net movement in funds**
**other recognised gains and losses**
**Other recognised gains and losses**
Gain/(Loss) on investment
**Net incoming/(outgoing) resources before**
**Total expenditure**|**2022**
**Total**
**£**
**2021**
**Total**
**£**
205,690
252,127
530
123
7,697
7,359
25,244
18,833
278,442
5,934
22,344
195,370
156,256
36,117
97,322
126,157
237,421
275,922
10,080
1,740
2,520
-
(33,871)
(33,871)
36,010
10,080
(32,131)
38,530
24,100
400,122
361,592
3,093
(3,093)
-
-
-
37,273
367,991
400,122
(33,871)
-
-
-
-
-
-
102,924
-
7,620
-
77
88,290
287,732
76,857
253,861
(8,340)
(8,340)
-
136,237
-
-
110,353
85,017
-
9,870
26,247
239,161
111,264
**Endowment**
**funds**
**£**
25,244
110,386
530
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
95,304
-
-
5,934|
|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 4**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Balance sheet as at 31 December 2022**
|**Notes**
**Fixed assets**
Tangible assets
10
Investments
18
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**Non current liability**
Creditors - amount falling due after one year
13
**Net assets**
**The funds of the charity:**
14
Unrestricted income fund
15 & 16
Restricted income fund
17
Endowment fund
18
**Total charity funds**|**£**
**£**
1,367
253,861
255,228
19,249
98,651
117,900
(5,137)
367,991
-
367,991
37,273
76,857
253,861
367,991
**2022**|**£**
**£**
5,397
287,732
293,129
7,348
109,370
116,718
(9,725)
400,122
-
400,122
24,100
88,290
287,732
400,122
**2021**|
|---|---|---|
The financial statements were approved by the trustees on 24th March 2023 and signed on its behalf by
Rev Sally Baily **Vicar**
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 5**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been ap-plied consistently throughout the year and the preceding year. The transition to FRS 102 has resulted in no changes in accounting policies to those applied previously.
**1.1. Basis of accounting** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), and the Charities Act 2011. **1.2. Cashflow** The Charity has taken advantage of the exemption in FRS 102 from the requirement to produce a cashflow statement because it is a small entity. **1.3. Fund accounting** The unrestricted funds are funds available for charitable purposes within the objectives of the Charity. The restricted funds are funds which are to be used in accordance with specific restrictions im-posed by donors or which have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. **1.4. Income** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Income from investments is included in the year in which it is receivable.
**Page 6**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1.5. Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **1.6. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - PA system depreciated on a straight line method at 25% Fixtures, fittings and equipment - Equipment depreciated on a straight line method at 25%
## **1.7. Going Concern**
The accounts have been prepared on the assumption that the Charity is able to carry on its activities as a going concern, which the trustees consider appropriate having regard to the circumstances.
## **2 Voluntary income**
|Alpha donations
Donation/Standing Orders
Collections
Tax recoverable on gifts
Bookstall & magazine sales
Grant Income
Other Income
Donations -Special donations
Donations -Parent/Toddler/Youth
Donations -Gujarati -Hindi Services
Olive branch donation|**Unrestricted**
**funds**
**£**
68,068
18,940
2,225
15,624
2,794
1,377
-
-
-
1,088
270
110,386|**Restricted**
**funds**
**£**
-
-
51,829
1,238
-
4,932
37,305
-
-
-
-
95,304|**2022**
**Total**
**£**
68,068
18,940
54,054
16,862
2,794
6,309
37,305
-
-
1,088
270
205,690|**2021**
**Total**
**£**
83,070
9,849
126,185
20,945
7,609
3,607
811
51
-
-
-
252,127|
|---|---|---|---|---|
**Page 7**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
|**3.**
**Activities for generating funds**
Funerals, weddings, etc
**4.**
**Income from investments**
Investment & Interest
**5.**
**Church activities**
Church lettings
**6.**
**Cost of generating voluntary income**
Waste
Outreach
Bank charges
Depreciation
Vicar's expenses|**Unrestricted**
**funds**
77
77
**Unrestricted**
**funds**
**£**
-
-
1,202
4,030
702
5,934|**Unrestricted**
**funds**
**£**
530
530
**Restricted**
**funds**
**£**
7,620
7,620
**Unrestricted**
**funds**
**£**
25,244
25,244
**Restricted**
**funds**
**£**
-
-
-
-
-
-|**2022**
**Total**
**£**
530
530
**2022**
**Total**
**£**
7,697
7,697
**2022**
**Total**
**£**
25,244
25,244
**2022**
**Total**
**£**
-
-
1,202
4,030
702
5,934|**2021**
**Total**
**£**
123
123
**2021**
**Total**
**£**
7,359
7,359
**2021**
**Total**
**£**
18,833
18,833
**2021**
**Total**
**£**
2,618
57
461
6,259
12,949
22,344|
|---|---|---|---|---|
**Page 8**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**7.**
**Church activities**
Outside giving
Kidswork & Youth
Common fund
Clergy costs: Curate
Heat,light and water
Routine repairs & renewals
Health & Safety
Cleaning
Worship
IT, Computers & Advert
Curate-Overheads
Staff expenses, training & recruitment
Examination fee
Payroll fees, software & consultancy
Insurance
Major repairs Lighting,Stage,Warehouse
Freelance contractors
Postage , Stationery & Printing
Telephones & Internet
Olive Branch expenses
HR consultancy
Naya Jivan church services
Funerals, weddings etc
Other expenses
**8.**
**Governance costs**
Church Staff Salaries & Pension cost
Alpha
Special events|**Unrestricted**
**funds**
**£**
720
-
48,000
-
14,045
807
-
10,192
-
3,038
3,648
6,626
2,000
322
5,430
-
6,893
3,334
1,487
-
-
-
-
3,811
110,353
**Unrestricted**
**funds**
**£**
8,458
1,412
-
9,870|**Restricted**
**funds**
**£**
1,688
-
8,394
-
-
18,833
-
-
-
-
22,845
-
-
-
-
2,681
6,915
-
-
7,992
-
11,380
-
4,289
85,017
**Restricted**
**funds**
**£**
23,297
2,950
-
26,247|**2022**
**Total**
**£**
2,408
-
56,394
-
14,045
19,640
-
10,192
-
3,038
26,493
6,626
2,000
322
5,430
2,681
13,808
3,334
1,487
7,992
-
11,380
-
8,100
195,370
**2022**
**Total**
**£**
31,755
4,362
-
36,117|**2021**
**Total**
**£**
1,420
394
45,000
-
11,480
5,577
1485
5,081
11,542
3,777
25,638
3,857
2,000
9,158
5,402
5,681
5,555
525
1,314
251
2,442
5,916
558
2,203
156,256
**2021**
**Total**
**£**
95,398
-
1,924
97,322|
|---|---|---|---|---|
**Page 9**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **9 Employees**
**----- Start of picture text -----**
||||
|---|---|---|
|Employment costs|2022|2021|
|£|£|
|Wages and salaries|31,307|93,584|
|Social security costs|448|1,814|
|31,755|95,398|
**----- End of picture text -----**
No employee received emoluments of more than £60,000 (2021 : None).
## **Number of employees**
The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:
**----- Start of picture text -----**
|||
|---|---|
|2022|2021|
|Number|Number|
|2|5|
**----- End of picture text -----**
Hammad Baily was paid £4,440 during the year for services rendered as Worship Director. There were no other payments or expenses paid to any other PCC members, persons closely connected or related parties.
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Fixtures,|
|10.|Tangible fixed assets|Plant and|fittings and|
|machinery|equipment|Total|
|£|£|£|
|Cost|
|At 1 January 2022|10,663|21,165|31,828|
|Additions|-|-|-|
|At 31 December 2022|10,663|21,165|31,828|
|Depreciation|
|At 1 January 2022|9,277|17,154|26,431|
|Charge for the year|957|3,073|4,030|
|At 31 December 2022|10,234|20,227|30,461|
|Net book values|
|At 31 December 2022|429|938|1,367|
|At 31 December 2021|1,386|4,011|5,397|
**----- End of picture text -----**
**Page 10**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**11.**
**13.**
Loan
**14.**
**Unrestricted**
**funds**
**£**
1,367
41,043
(5,137)
Non Current liability
-
37,273
**15.**
**Unrestricted funds**
**At 1**
**January**
**2022**
**Incoming**
**resources**
**£**
**£**
Unrestricted fund
24,100
136,237
**16.**
**Designated funds**
**At 1**
**January**
**2022**
**£**
**£**
Bank Interest for reserves
-
-
Worship Masterclass fund
330
-
Staff reserves
2,692
-
Major repairs & refurbishment fund
8
-
Legacy fund
10,683
-
13,713
-
Current assets
Current liabilities
**Incoming**
**resources**
Unrestricted funds include the following designated funds
**Creditors: amount falling due after one year**
**12. Creditors: amounts falling due within one year**
Accounts payable & other creditors
Other taxes and social security
Accruals
Other debtors
Prepayments
**Debtors**
**Analysis of net assets between funds**
Fund balances at 31 December 2022 as represented by:
Tangible fixed assets|**Restricted**
**funds**
**£**
-
76,857
-
-
76,857
3,093
**£**
3,093
-
-
-
-
3,093
**Transfers**
**Transfers**
**£**|**2022**
**£**
19,249
-
19,249
**2022**
**£**
3,137
-
2,000
5,137
**2022**
**£**
-
**£**
-
(330)
-
(8)
(330)
(668)
253,861
-
-
**£**
253,861
**Outgoing**
**resources**
**Outgoing**
**resources**
(126,157)
**Endowment**
**funds**
**£**
-||-
**£**
2,692
371,761
(5,137)
367,991
-
-
**£**
**At 31**
**December**
**2022**
37,273
**At 31**
**December**
**2022**
-
10,353
16,138
3,093
**2021**
**£**
7,348
-
**Total**
**funds**
**£**
7,146
579
2,000
7,348
**2021**
**£**
9,725
**2021**
**£**
1,367|
|---|---|---|---|---|
Fund for Bank Interest Reserves Fund for Worship leaders training Fund for staff reserves Fund for major repairs and refurbishment Fund for Legacy donations – spent on major projects
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
**Page 11**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
## **17. Restricted funds**
|**17. Restricted funds**||||||
|---|---|---|---|---|---|
||**At 1 January**|**Incoming**|**Transfers**|**Outgoing**|**At 31**|
||**2022**|**resources**||**resources**|**December**|
||||||**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Olive branch|13,804|37,537|(3,093)|(8,475)|39,773|
|Tower Cross fund|499|-|-|-|499|
|Digital communication|2,000|2,000|-|(2,805)|1,195|
|LHB Youth employment fund|3,720|-|-|-|3,720|
|Plant curate housing fund|1,772|22,086|-|(21,935)|1,923|
|Operations|20,149|-|-|(8,351)|11,798|
|Concrete fund|2,439|-|-|(2,439)|-|
|WT- Laptops, OM, PA, toilets|30,785|319|-|(25,270)|5,834|
|WGF-Card Machine|2,000|-|-|(312)|1,688|
|Nayajivan Church|2,759|9,530|-|(12,289)|-|
|Nayajivan Salary Grant|8,363|-|-|(8,363)|-|
|Hardship|-|3,075|-|(1,763)|1,312|
|Household Support Fund|-|10,327|-|(7,676)|2,651|
|WT- Farsi|-|500|-|(232)|268|
|Endowment Building Fund|-|7,550|-|(7,550)|-|
|SDF Mission Admin|-|10,000|-|(3,804)|6,196|
||88,290|102,924|(3,093)|(111,264)|76,857|
## **Restricted Fund Descriptions**
Fund towards Oliver branch - crisis drop-in project, including grants from Welcare Trust, Whitlock Trust, B&Q Neighbourly, Vintners, St John’s Mar Thoma Church and Hounslow Evangelical Church. Fund in respct of installation of a feature on Holy Trinity tower Fund for digital communication Fund for youth employment project Fund for plant curate housing fund Fund for church operations Fund towards the concrete repairs Fund for Whitlock Trust grants, PA & Operations manager, Toilets Fund for card machine Fund towards Naya Jivan Church Fund for salaries for Naya Jivan Church Fund for relief of Hardship Fund for Household Support Fund for Farsi Fellowship Fund for Endowment Interest - Building works Fund for SDF Mission administration
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
|**18.**
**Endowment fund**
**At 1**
Endowment fund|**January**
**2022**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
287,732
(33,871)
253,861|
|---|---|
Income from Endowment fund is to be used for church building improvements.
**Page 12**
**Charity number: 1130651**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow Trustees' report and financial statements for the year ended 31 December 2022**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
|**Contents**||
|---|---|
||**Page**|
|Legal and administrative information|**1**|
|Trustees report|**2**|
|Independent examiners' report|**3**|
|Statement of financial activities|**4**|
|Balance sheet|**5**|
|Notes to the financial statements|**6-12**|
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Legal and administrative information**
|**Charity number**|1130651||
|---|---|---|
|**Working name**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
|**Business address**|The PCC of the Ecclesiastical Parish of Holy Trinity Hounslow||
||High Street||
||Hounslow||
||TW3 1HG||
||2085779048||
|**Trustees**|Rev Sally Baily|Vicar|
||Warren Frank|Treasurer|
||Rajani Raveendran Abram|Served until May 2022|
||Rebecca Asio||
||Mary Britton||
||Rev Immanual Christian||
||David Egyiawan||
||Peter Furze||
||Steve Hopkins||
||Eileen Marfe||
||David Marsh||
||Davina Paul||
||Robin Peter||
||Alice Philip||
||Deena Reddy||
||Rev Dave Roberts||
||Tatiana Sakharova||
||David Thangarajah||
||Sue Armitt||
||Serghei Tulba|Appointed May 2022|
## **Independent Examiner**
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
**Page 1**
**The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Report of the trustees for the year ended 31 December 2022**
The trustees present their report and the financial statements for the year ended 31 December 2022. The trustees who served during the year and up to the date of this report are set out on page 1 Please refer to the attached addendum which comprises a detailed information and explanation of the Trustees' Report.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales (the Charities Act 2011), requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. In preparing these financial statements, the trustees are required to:
- -select suitable accounting policies and then apply them consistently;
- -observe the methods and principles in the Charities SORP
- -make judgements and estimates that are reasonable and prudent
- -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of The Parochial Church Council:
**Rev Sally Baily Vicar**
**Date:** 24th March 2023
**Page 2**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Independent examiner's report to the trustees on the unaudited financial statements of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow**
I report on the accounts of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hounslow for the year ended 31 December 2022 which are set out on pages 2 to 12.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the - Charities Act) and that an independent examination is needed and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 130 of the 2011Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John Thomas B.Sc (Econ) FCCA Chartered Certified Accountant 450 Bath Road Longford, Heathrow UB7 0EB
Date: 31/03/2023
**Page 3**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Statement of financial activities**
## **For the year ended 31 December 2022**
|**Notes**
**Income**
Voluntary income
2
Activities for generating funds
3
Income from investments
4
Church activities
5
**Total income**
**Expenditure**
Cost of generating voluntary income
6
Church activities
7
Governance costs
8
Transfers
Total funds brought forward
**Total funds carried forward**
**Net movement in funds**
**other recognised gains and losses**
**Other recognised gains and losses**
Gain/(Loss) on investment
**Net incoming/(outgoing) resources before**
**Total expenditure**|**2022**
**Total**
**£**
**2021**
**Total**
**£**
205,690
252,127
530
123
7,697
7,359
25,244
18,833
278,442
5,934
22,344
195,370
156,256
36,117
97,322
126,157
237,421
275,922
10,080
1,740
2,520
-
(33,871)
(33,871)
36,010
10,080
(32,131)
38,530
24,100
400,122
361,592
3,093
(3,093)
-
-
-
37,273
367,991
400,122
(33,871)
-
-
-
-
-
-
102,924
-
7,620
-
77
88,290
287,732
76,857
253,861
(8,340)
(8,340)
-
136,237
-
-
110,353
85,017
-
9,870
26,247
239,161
111,264
**Endowment**
**funds**
**£**
25,244
110,386
530
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
95,304
-
-
5,934|
|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 4**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Balance sheet as at 31 December 2022**
|**Notes**
**Fixed assets**
Tangible assets
10
Investments
18
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**Non current liability**
Creditors - amount falling due after one year
13
**Net assets**
**The funds of the charity:**
14
Unrestricted income fund
15 & 16
Restricted income fund
17
Endowment fund
18
**Total charity funds**|**£**
**£**
1,367
253,861
255,228
19,249
98,651
117,900
(5,137)
367,991
-
367,991
37,273
76,857
253,861
367,991
**2022**|**£**
**£**
5,397
287,732
293,129
7,348
109,370
116,718
(9,725)
400,122
-
400,122
24,100
88,290
287,732
400,122
**2021**|
|---|---|---|
The financial statements were approved by the trustees on 24th March 2023 and signed on its behalf by
Rev Sally Baily **Vicar**
The notes on pages 6 to 12 form an integral part of these financial statements.
**Page 5**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been ap-plied consistently throughout the year and the preceding year. The transition to FRS 102 has resulted in no changes in accounting policies to those applied previously.
**1.1. Basis of accounting** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), and the Charities Act 2011. **1.2. Cashflow** The Charity has taken advantage of the exemption in FRS 102 from the requirement to produce a cashflow statement because it is a small entity. **1.3. Fund accounting** The unrestricted funds are funds available for charitable purposes within the objectives of the Charity. The restricted funds are funds which are to be used in accordance with specific restrictions im-posed by donors or which have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. **1.4. Income** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Income from investments is included in the year in which it is receivable.
**Page 6**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **1.5. Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **1.6. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - PA system depreciated on a straight line method at 25% Fixtures, fittings and equipment - Equipment depreciated on a straight line method at 25%
## **1.7. Going Concern**
The accounts have been prepared on the assumption that the Charity is able to carry on its activities as a going concern, which the trustees consider appropriate having regard to the circumstances.
## **2 Voluntary income**
|Alpha donations
Donation/Standing Orders
Collections
Tax recoverable on gifts
Bookstall & magazine sales
Grant Income
Other Income
Donations -Special donations
Donations -Parent/Toddler/Youth
Donations -Gujarati -Hindi Services
Olive branch donation|**Unrestricted**
**funds**
**£**
68,068
18,940
2,225
15,624
2,794
1,377
-
-
-
1,088
270
110,386|**Restricted**
**funds**
**£**
-
-
51,829
1,238
-
4,932
37,305
-
-
-
-
95,304|**2022**
**Total**
**£**
68,068
18,940
54,054
16,862
2,794
6,309
37,305
-
-
1,088
270
205,690|**2021**
**Total**
**£**
83,070
9,849
126,185
20,945
7,609
3,607
811
51
-
-
-
252,127|
|---|---|---|---|---|
**Page 7**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
|**3.**
**Activities for generating funds**
Funerals, weddings, etc
**4.**
**Income from investments**
Investment & Interest
**5.**
**Church activities**
Church lettings
**6.**
**Cost of generating voluntary income**
Waste
Outreach
Bank charges
Depreciation
Vicar's expenses|**Unrestricted**
**funds**
77
77
**Unrestricted**
**funds**
**£**
-
-
1,202
4,030
702
5,934|**Unrestricted**
**funds**
**£**
530
530
**Restricted**
**funds**
**£**
7,620
7,620
**Unrestricted**
**funds**
**£**
25,244
25,244
**Restricted**
**funds**
**£**
-
-
-
-
-
-|**2022**
**Total**
**£**
530
530
**2022**
**Total**
**£**
7,697
7,697
**2022**
**Total**
**£**
25,244
25,244
**2022**
**Total**
**£**
-
-
1,202
4,030
702
5,934|**2021**
**Total**
**£**
123
123
**2021**
**Total**
**£**
7,359
7,359
**2021**
**Total**
**£**
18,833
18,833
**2021**
**Total**
**£**
2,618
57
461
6,259
12,949
22,344|
|---|---|---|---|---|
**Page 8**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**7.**
**Church activities**
Outside giving
Kidswork & Youth
Common fund
Clergy costs: Curate
Heat,light and water
Routine repairs & renewals
Health & Safety
Cleaning
Worship
IT, Computers & Advert
Curate-Overheads
Staff expenses, training & recruitment
Examination fee
Payroll fees, software & consultancy
Insurance
Major repairs Lighting,Stage,Warehouse
Freelance contractors
Postage , Stationery & Printing
Telephones & Internet
Olive Branch expenses
HR consultancy
Naya Jivan church services
Funerals, weddings etc
Other expenses
**8.**
**Governance costs**
Church Staff Salaries & Pension cost
Alpha
Special events|**Unrestricted**
**funds**
**£**
720
-
48,000
-
14,045
807
-
10,192
-
3,038
3,648
6,626
2,000
322
5,430
-
6,893
3,334
1,487
-
-
-
-
3,811
110,353
**Unrestricted**
**funds**
**£**
8,458
1,412
-
9,870|**Restricted**
**funds**
**£**
1,688
-
8,394
-
-
18,833
-
-
-
-
22,845
-
-
-
-
2,681
6,915
-
-
7,992
-
11,380
-
4,289
85,017
**Restricted**
**funds**
**£**
23,297
2,950
-
26,247|**2022**
**Total**
**£**
2,408
-
56,394
-
14,045
19,640
-
10,192
-
3,038
26,493
6,626
2,000
322
5,430
2,681
13,808
3,334
1,487
7,992
-
11,380
-
8,100
195,370
**2022**
**Total**
**£**
31,755
4,362
-
36,117|**2021**
**Total**
**£**
1,420
394
45,000
-
11,480
5,577
1485
5,081
11,542
3,777
25,638
3,857
2,000
9,158
5,402
5,681
5,555
525
1,314
251
2,442
5,916
558
2,203
156,256
**2021**
**Total**
**£**
95,398
-
1,924
97,322|
|---|---|---|---|---|
**Page 9**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
## **9 Employees**
**----- Start of picture text -----**
||||
|---|---|---|
|Employment costs|2022|2021|
|£|£|
|Wages and salaries|31,307|93,584|
|Social security costs|448|1,814|
|31,755|95,398|
**----- End of picture text -----**
No employee received emoluments of more than £60,000 (2021 : None).
## **Number of employees**
The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:
**----- Start of picture text -----**
|||
|---|---|
|2022|2021|
|Number|Number|
|2|5|
**----- End of picture text -----**
Hammad Baily was paid £4,440 during the year for services rendered as Worship Director. There were no other payments or expenses paid to any other PCC members, persons closely connected or related parties.
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Fixtures,|
|10.|Tangible fixed assets|Plant and|fittings and|
|machinery|equipment|Total|
|£|£|£|
|Cost|
|At 1 January 2022|10,663|21,165|31,828|
|Additions|-|-|-|
|At 31 December 2022|10,663|21,165|31,828|
|Depreciation|
|At 1 January 2022|9,277|17,154|26,431|
|Charge for the year|957|3,073|4,030|
|At 31 December 2022|10,234|20,227|30,461|
|Net book values|
|At 31 December 2022|429|938|1,367|
|At 31 December 2021|1,386|4,011|5,397|
**----- End of picture text -----**
**Page 10**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
## **for the year ended 31 December 2022**
|**11.**
**13.**
Loan
**14.**
**Unrestricted**
**funds**
**£**
1,367
41,043
(5,137)
Non Current liability
-
37,273
**15.**
**Unrestricted funds**
**At 1**
**January**
**2022**
**Incoming**
**resources**
**£**
**£**
Unrestricted fund
24,100
136,237
**16.**
**Designated funds**
**At 1**
**January**
**2022**
**£**
**£**
Bank Interest for reserves
-
-
Worship Masterclass fund
330
-
Staff reserves
2,692
-
Major repairs & refurbishment fund
8
-
Legacy fund
10,683
-
13,713
-
Current assets
Current liabilities
**Incoming**
**resources**
Unrestricted funds include the following designated funds
**Creditors: amount falling due after one year**
**12. Creditors: amounts falling due within one year**
Accounts payable & other creditors
Other taxes and social security
Accruals
Other debtors
Prepayments
**Debtors**
**Analysis of net assets between funds**
Fund balances at 31 December 2022 as represented by:
Tangible fixed assets|**Restricted**
**funds**
**£**
-
76,857
-
-
76,857
3,093
**£**
3,093
-
-
-
-
3,093
**Transfers**
**Transfers**
**£**|**2022**
**£**
19,249
-
19,249
**2022**
**£**
3,137
-
2,000
5,137
**2022**
**£**
-
**£**
-
(330)
-
(8)
(330)
(668)
253,861
-
-
**£**
253,861
**Outgoing**
**resources**
**Outgoing**
**resources**
(126,157)
**Endowment**
**funds**
**£**
-||-
**£**
2,692
371,761
(5,137)
367,991
-
-
**£**
**At 31**
**December**
**2022**
37,273
**At 31**
**December**
**2022**
-
10,353
16,138
3,093
**2021**
**£**
7,348
-
**Total**
**funds**
**£**
7,146
579
2,000
7,348
**2021**
**£**
9,725
**2021**
**£**
1,367|
|---|---|---|---|---|
Fund for Bank Interest Reserves Fund for Worship leaders training Fund for staff reserves Fund for major repairs and refurbishment Fund for Legacy donations – spent on major projects
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
**Page 11**
## **The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Hounslow**
## **Notes to financial statements**
**for the year ended 31 December 2022**
## **17. Restricted funds**
|**17. Restricted funds**||||||
|---|---|---|---|---|---|
||**At 1 January**|**Incoming**|**Transfers**|**Outgoing**|**At 31**|
||**2022**|**resources**||**resources**|**December**|
||||||**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Olive branch|13,804|37,537|(3,093)|(8,475)|39,773|
|Tower Cross fund|499|-|-|-|499|
|Digital communication|2,000|2,000|-|(2,805)|1,195|
|LHB Youth employment fund|3,720|-|-|-|3,720|
|Plant curate housing fund|1,772|22,086|-|(21,935)|1,923|
|Operations|20,149|-|-|(8,351)|11,798|
|Concrete fund|2,439|-|-|(2,439)|-|
|WT- Laptops, OM, PA, toilets|30,785|319|-|(25,270)|5,834|
|WGF-Card Machine|2,000|-|-|(312)|1,688|
|Nayajivan Church|2,759|9,530|-|(12,289)|-|
|Nayajivan Salary Grant|8,363|-|-|(8,363)|-|
|Hardship|-|3,075|-|(1,763)|1,312|
|Household Support Fund|-|10,327|-|(7,676)|2,651|
|WT- Farsi|-|500|-|(232)|268|
|Endowment Building Fund|-|7,550|-|(7,550)|-|
|SDF Mission Admin|-|10,000|-|(3,804)|6,196|
||88,290|102,924|(3,093)|(111,264)|76,857|
## **Restricted Fund Descriptions**
Fund towards Oliver branch - crisis drop-in project, including grants from Welcare Trust, Whitlock Trust, B&Q Neighbourly, Vintners, St John’s Mar Thoma Church and Hounslow Evangelical Church. Fund in respct of installation of a feature on Holy Trinity tower Fund for digital communication Fund for youth employment project Fund for plant curate housing fund Fund for church operations Fund towards the concrete repairs Fund for Whitlock Trust grants, PA & Operations manager, Toilets Fund for card machine Fund towards Naya Jivan Church Fund for salaries for Naya Jivan Church Fund for relief of Hardship Fund for Household Support Fund for Farsi Fellowship Fund for Endowment Interest - Building works Fund for SDF Mission administration
There was a transfer of funds from the Restricted Bank Interest to Designated Bank Interest fund for the purpose of increasing reserves.
|**18.**
**Endowment fund**
**At 1**
Endowment fund|**January**
**2022**
**Gains and**
**losses**
**At 31**
**December**
**2022**
**£**
**£**
**£**
287,732
(33,871)
253,861|
|---|---|
Income from Endowment fund is to be used for church building improvements.
**Page 12**