l HolyTrinity TEWKESBURY MEÉT GOD . FIND LIFE MAKE FRIENDS The Parochial Church Council of Holy Trinity Tewkesbury Annual Report and Accounts Year ended 31 December 2024 THE CHURCH OF ENGLAND DIOCESE OF GLOUCESTER Registered Charity 1130775
l HolyTrinity TEWKESBURY MEET GOD . FIND LIFE MAKE FRIENDS The Parochial Church Council of Holy Trinity Tewkesbury Annual Report and Accounts Year ended 31 December 2024 INDEX 1 Annual Report incorporating 5 Administrative information 7 Statement of Council members, responsibilities 8 Independent Examiner's report 9 Financial Statements incorporating 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Aim and purposes Holy Trinity Parochial Church Council IPCCI has the responsibility of co-operating with the incumbent, the Reverend Stephen Walker, in promoting in the ecclesiastical parish, the whole mission of the Church. pastoral, evangelistic, social and ecumenical. Objective and Activitres The PCC is committed to enabling as many people as possible to worship at our Church and to become part of our worshipping community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the diverse community in which we live. Our services and acts of worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and in particular. the specif ic guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through: Worship and prayer.. learning about the gospel and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work. To facilitate this. it is important that we maintain the fabric of the Church of Holy Trinity. Achievements and Performance Worship ond Prayer The year started, as usual, with a week of prayer. As a Church community we recognise the necessity to lay strong foundations in prayer at the start of each year. Our monthly 'Prayer for Revival, gatherings on the first Sunday evening of each month, reflect an aspiration for the spiritual transformation of our community and beyond. The Week of Prayer for Christian Unity brings all the churches together across the town to worship and share fellowship. Though we meet in separate spaces Sunday by Sunday we are all one church working together to see the Kingdom of God bringing hope to the people of this town. Sunday and mid-week gatherings for worship which are open and accessible to all continued a5 per our regular pattern. Our fortnightly evening services (called 'Encounterfl provide a space for more informal worship without the constraint of time that always accompanies our morning services. 'Encounter' is also an opportunity to develop the gift5 of others as well as our young people by encouraging them to experience public speaking (delivering sermons). leading the service and participating in the worship group. In this way we hope to provide opportunitie5 for members of our congregation to explore their gifts as well as encouraging the potential for future church leaders amongst our young people. It also provides opportunity for those involved in serving in TJC (Trinity Junior Church) or the youth ministry in the morning to find a space for spiritual refreshment for themselves. Services of worship also take place in the community in residential homes. the day centre and local hospital, particularly around Christmas, Easter and Harvest, facilitated by a team who extend the ministry of the church in this way. All are welcome to attend our regular 10am services or twice monthly evening services. At present there are 216 on the electoral roll.
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Deanery Synod We now have 3 representatives of the PCC who attend Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the Church of England. The work of the Deanery reflects the 'Life' vision of the Diocese and informs the agenda so that the focus of ministry across the churche5 complies with the direction of travel led by our Diocesan Bishop, Bishop Rachel. The outworking of this comes from John IO'.10, '1 have come that they may have LIFE and have it to the f ull,. L . Leadership- a commitment to developing diverse and new models of leadership I Imagination- opening new paths to faith through existing and new mission opportunities F .' Faith- living as adventurous followers of Jesus by enabling people to discover new depths to spiritual growth E .. Engagement- living out Christ's love and hope through initiatives which combat injustice and exclusion Rev David Penny, Vicar of St Peter's church, Winchcombe is the Area Dean and is supported by a Standing Committee of treasurer, secretary and Assistant Area Deans of the 3 Mission Areas. The Deanery Synod met on 3 occasions over the year to conduct its business. The focu5 of the Deanery continues to be to implement the Strategic plan for sustainable ministry into the future. Pastoral Care Pastoral care expresses the love of God to those in our fellowship and in the wider community. This largely happens through the friendships grown in our small group network but also through our contacts with the wider community. Our pastoral prayer support coordinator has provided a helpful means of communication to enable information of particular needs to be shared Iwith the individuals, consent) for the benefit of prayer and prattical support. Thi5 has strengthened our ability to be aware of particular needs and demonstrate care as best we can or signpost individuals to professional support. Postoral curefor youngfomilies 'Smarties', our parent and toddler weekly activity provides a regular connection with young families in the community. Such is the good reputation of this ministry that Health Visitors are happy to recommend it as a place where young parents or carers can access friendship, community and support. With the cost of living continuing to have an impact the ministry of the Welcome Table la warm space and free hot meal) for anyone in the community who desire it. has continued to be a helpful support to individuals and families. Mission and outreach The Mission of the church to reach out with the good news of Jesus Christ and the love of God has contin ued through our support for one another in our community. The Outlook services have continued providing an opportunity for worship at festival times (Harvest, Easter and Christmas) in residential homes, the local hospital and day care centre. We are grateful to those members of our church who have contributed so much to this outward expression of ministry not just in Tewke5bury but by leading services in churches further afield. Member5 of our church community continued to reach out through their voluntary support offered to various local charities, in particular, the work of the Tewkesbury Foodbank and Cheltenham Street Pastors.
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Schools Work The PCC employed Sarah Hellewell Banelli as a part time Children's and Family Worker and Sam Williams as a part time Youth Pastor. This enables the church to have the capacity to be involved in local schools in a supportive role. This involvement has continued this year with input to school assemblies, Christian union groups and lunch time activities. Church members contribute as part of 'Open the Book, teams taking assemblies in different Primary Schools a5 well serving as school governors. Holy Trinity has hosted school Harvest and Christmas celebrations as well as providing the opportunity for school visits to the Experience Easter and Experience Christmas interactive experience. All these opportunities demonstrate the involvement of the church in the local community. Mission The PCC have committed IO% of our unrestricted voluntary income Igrossl to support Mission. Our primary commitment is to our Mission Partners serving in a variety of contexts in the UK and overseas: Chris and Suzy Wilson ICMSI. Living in Addis Ababa and serving throughout Ethiopia. Release International - Building One Body Partnership programme with the church in Pakistan Pedro and Annu Santos- ICMJI Belt Immanuel, Tel Aviv, Israel Tim Curtis- ISAMS/CMS} Paraguay Wayne O'Leary- Slavic Gospel Association Jason and Tracy Day- CMS Iseconded to OMFI in Chiang Mai, Thailand Our support for those who serve overseas acts as an important expression of our desire to be a 'Loc31 Church with a Global Concern, and the links we have established through the Life groups will maintain their high profile in our church prayer agenda. As well as our Mission Partners the PCC has also provided support to the following ministries.. Embrace the Middle East The Children's Society Gloucester City Mission. Tearfund's emergency appeal for aid in the Middle East Financial Review Total income for the year was £309,18512023-. E209,0191 and total expenditure £248,33012023: £240,661). The balance on the general fund Increased to £91,41612023: £75,689). In addition to cash-based assets, the church own5 Trinity House (the church office) and The Old Mission Hall along with various ttems of plant, equipment and furniture,. these assets make up the fixed asset total on the Balance Sheet of £264.42112023: £ 255,5451.
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Reserves policy The policy of the PCC is to aim to keep a minimum of three months, expenditure on reserve. The PCC is thankful that it is possible again to observe this policy. Volunteers We would like to thank all the many volunteers who work so hard to make our church the lively and vibrant community that it is. In particular, we would like to thank our churchwardens, Mr Alan Bedford land Mr Steve Burden who stepped down in April) and Mrs Geraldine Simpkin5 who have worked so tirelessly on our behalf and Mr Philip Loveridge as the church treasurer supported by the finance team. We would like to express our appreciation as well to our leadership team who have provided so much support and shared leadership over the year. The church can only function with the support of its members, so many of whom give willingly of their time and energy. Therefore, it is appropriate to express appreciation to the whole church membership as well as the PCC and administrative officers, staff team and leadership team and Life group leaders for all they give in so many ways to contribute to the life of Holy Trinity. Structure• governance and management The method of appointment of PCC members is set out in the Church Representation Rules. At Holy Trinity. the membership of the PCC consists of the incumbent Ivicarl, Curate, churchwardens, readers and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services and consider themselves to be members of our congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds ot the PCC are to be spent. The PCC met six times during the year, every other month. with the Standing Committee meeting alternative months. An average level of attendance of about 80% was achieved at each meeting. Sub committees have also met throughout the year. reporting back to the full PCC at each meeting for further discu55ion. Representatives of the various Synods also report back following meetings they attend. The PCC has employed part time staff to assist in the ministry of the church.. Mrs Sam Williams (Youth Pastor), Mrs Sarah Hellewell Banelli (Children's and Families Worker) and Mrs Helen Hart {Administrator).
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Administrative information The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Tewkesbury, known as HolyTrinity Tewkesbury. is located in the middle of Tewkesbury by the market car park. It is part of the Diocese of Gloucester within the Church of England. The correspondence address is: Holy Trinity Tewkesbury, Church Office, 10 Oldbury Road, Tewkesbury, GL20 SNA The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20111 and Charity registered with the Charity Commission IRegistration number: 11307751.
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 st PCC members who have Served from l January 2024 until thi5 report wa5 approved are.. Ex Officio member5 Incumbent.. Curate Reader.. The Reverend Stephen Walker Revsimon Philips Chairman Mrs Jo Davies Wardens.. Mr Steve Burden Mrs Geraldine Simpkins Mr Alan Bedford Church Warden Resigned April 2024 Church Warden Church Warden- From April 2024 Officers." Mr Philip Loveridge Treasurer Mrs Liz Walker Secretary Elected members.. Mrs Lesley Rogers Canon Nigel Chetwood Mrs Alison Cirel Mr Isaac Davies Mrs Sue Thatcher Mrs Andrea Duncan Mr Julian Dickinson Mrjohn Haughan IGDPR Repl (Mission and Evangelism Repl Resigned April 2024 Resigned April 2024 Mr Duncan de Gruchy (Safeguarding Repl Deanery Synod.. Mr lan Hart Mr Martin Edgley Mr David Greenwood Deanery Synod Representative Resigned April 2024 Bankers NatWe5t PLC Cheltenham Branch 31 Promenade Cheltenham Independent Examiner Andrew R Cook ACA Chartered Accountant Shurdington Road Bentham Gloucestershire G1514UA GL50 ILH
ANNUAL REPORT FOR HOLY TRINITY TEWKESBURY FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Council member5, responsibilities Charity law requires the council mernbers to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the Parochial Church Council at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the Council members are required to.. select suitable accounting policies and apply them consistently,. make judgement5 and estimates that are reasonable and prudent,. State whether applicable accounting standards and statements of recommended practice have been followed subject to any departure5 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 Parochial Church Council will continue to function. The Council members are responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the Parochial Church Council and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Parochial Church Council and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Annual Report and Accounts were approved bythe PCC subject to examination and signed on its behalf by: Reverend Stephen Walker (Chairman) 10 March 2025
Independent Examiner's report to the Council members on the unaudited accounts of the Parochial Church Council of Holy Trinity, Tewkesbury I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 17. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the account5 in accordance with the requirements of the Charitie5 Act 2011 {'the Act'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. Independent Examinerfs statement Since the charit¢s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which 15 one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect: accounting records were not kept in respett of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 fairVie 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 accounts to be reached. Andrew R Cook ACA Chartered Accountant Shurdington Road Bentham Gloucestershi re GL514UA Date: 10 March 2025
THE PAROCHIALCHURCH COUNCILOF HOLYTRINITYTEWKESBURY STATEMENTOF FINANCIALACTIVITIES YEAR ENDED 31 DECEMBER 2¢J24 GENERAL FUND DESIGNATED RESTRICTED FUNDS FUND5 2024 2023 NOTES INCOME FROM= Incomefrom generated funds Donat5 and legacies Charitable actKwities Other trading activities Investments TOTAL INCOME 235,568 25,436 3.693 5.819 270,516 33.475 4.282 912 273.325 26,348 3,693 5,819 5,185 194.051 8,602 2,838 3,528 209.019 33,475 5,194 EXPENDITURE FROM: Charitable activities 215,789 215,789 25.624 25,624 6,917 6,917 248.330 248.330 24).661 240.661 TOTALEXPENDITUftÉ Net operating income/lexpendituiel Transfer between fvnds io Nd income forthe year and net movement in funds RECONCILIATION OF FUNDS Total fvnds brou8htfotward Total fvnds carried fopward 54,727 139,OWI 15.727 7,851 39.1YXI 4d851 IL7231 60.855 131,6421 11.7231 60.855 13L642) 75.089 91.416 274.645 321.490 355,674 416,529 387,316 355,674 li 3.617 The notes at pages llto 17 form part ofthese financial statements. The allocation between funds for2023 is showi in note IS.
THE PAROCHIALCHURCH COUNCIL OF HOLYTRINITY TEWKESBURY BALANCE SHEET AS AT 31 DECEMBER 2024 NOTES 2024 2023 FIXED AsSs Tangible fixed assets 264,421 255. 545 264,421 255. 545 CURRENT ASSETS Deposit - CCLAlnvestment Management Investment- CCLACofE Global Equity Fund Current account- Natwest Petty cash Cash at bank and in hand 120,¢X(J 6,5 24.343 14 150,857 23.711 21 103.732 Debtors 3,560 3,095 154,417 106,827 LIABILITIES Creditors - amounts falling due in one year 12,3091 16.6981 NEf CURRENT ASSErs 152, 108 ICO. 129 TOTAL NAsSErs 416,529 355,674 THE FUNDS OF THE CHARITY Unrestricted funds- General Unrestricted funds - Designated Restricted funds 91,416 321,496 3,617 75,689 274,645 5.340 13 14 416.529 355,674 Approved by the Parochial Church Council o 10 March 2025 and signed on its behalf by P J Loveridge Treasurer 10
THE PAROCHIAL CHURCH COUNCIL OF HOLYTRINITYTEWKESBURY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l. Accounting Policies Basis of financial statements The financial statements have been prepared under the Church Accounting Regulations 2006 and the Charities Act 2011 in accordance with applicable accounting standards and the current Statement of Recognised Practice forAccounting and Reporting by Charities ISORP 20151 FRS 1021 and on the basis that the charity is a Public Benefit Entity. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. The f inancial statements have been prepared under the historical cost convention and on a Going Concern basis. The presentation currency is £ Sterling. The principal accounting policies adopted in the preparation of the financial statements are as follows- Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for specific purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income and endowments Voluntary income is received by way of donations and gifts and is included in full in the Statements of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the PCC where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers is not quantified. Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for when an inflow of economic benefit IS probable. Rental income from the letting of church premises is recognised when the rental is due. Interest Is accounted for when receivable. The PCC 15 not registered for VAT. For legacie5, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income 15 recognised. On occasion legacies will be notified to the charity, however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy 15 treated as a contingent asset and disclosed.
THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY TEWKESBURY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l. Accounting Policies {continued) Expenditure All expenditure is included on an accruals basis and is recognised when an outflow of economic benefit Is probable. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Fixed assets Consecrated and beneficed property of any kind is excluded from the financial statements by SIOl21 of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a facu Ity for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 1999 there is insufficient cost information avai lable and therefore such a55ets are not included in the financial statements. There were no acquisitions of inalienable property in this financial year. Depreciation of the cost of equipment and refurbishment is charged on a 20°A straight line basis. Freehold property is depreciated using the straight line method using a rate of 1%. These rates are calculated to write off the assets over their useful economic lives. Assets costing more than £IOOO are capitalised. Pensions The PCC make5 contributions for the benefit of employees to a multi-employer defined contribution scheme. Investments Fixed asset investments, if any, are stated at market value. Leasing Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The title of the lease remains with the lessor. Financial instruments The PCC only has financial a55ets and financial liabilities of a kind that qualify as basic financia I instrument5. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value. Going concern There are no material uncertainties that may cast significant doubt on the PCC'S ability to continue as a going concern. 12
THE PAROCHIAL CHURCH COUNCILOF HOLY TrIN1TEWKESBVR¥ NOTE5 TOTHE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER2024 GENEIiAL DESIGNATED RESTRICTED FUND FUNDS FUNDS TOTAL TOTAL 2023 I DONAIIONS AND LEGACIES Planned giving and Tax Trail Non TaxTrail Income Taxrefunded Collections Otherdonations Grants Legafftes 135.611 11,545 47.058 10,297 31,057 135,611 11,545 47,058 11,465 61263 128,816 18.584 32,595 10. 167 5K) 2.329 1.108 3,114 27,OY2 6,383 33.475 6,3 273,325 235.568 4,282 194.051 3. INCOME FROM CHARITABLEACTIVITIES Churd) activities and conferences Fee5 23,997 1.439 25,436 912 24.909 1.439 20.348 912 Income from "Church actpiitie5 and conferences" varie5 widdy from oneyear to the next depending on whether a Church weekend away" ha5 taken place, normally every otheryear. See also Church fellowship activities" under Note 5b. From time to titne the PCC receive5 funds raised by groups or individuals wthin the church and p355e5 this money on to cau5e5 de51Enated by the organisers. k the not considered to be actwitie5 ofthe PCC, the rnoney is not included in these accounts, 4. OTHER TrADING ACTIVITIES Hall rents otherinceme 3,693 3.693 2,838 3,693 3.693 2,838 5. CHARrrABLEACTlVtflES . GRANTS AND DONATIONS Families in Need Home Ms1on OveT5eas Mission other donations 600 18,5(M) 1,168 20,328 950 18,450 818 20.218 1,168 1,168 19,1(X) b. COSTS OFCHLIRCHACTIVITIES inistry- Parish Share -clergy expenses 91,605 1,867 12,357 12,572 7.642 48,353 7,724 1,249 gL605 L867 11357 11572 7.642 48.353 9,439 1.249 85.611 1.8 13.780 9.934 9,198 5B,724 10,842 1.356 3,347 5,759 1,157 368 .140 214.076 Cleaning tontract Church Maintenance 5tsff cost515ee note 61 Children &Youth Work Mu5 Insurance Outreach and 5ervKe5 Training and recruitment Church fellowship activities DeprecK3tion 1.715 2,890 2,094 17,874 1.784 4.674 2.094 20.124 6,524 221,984 2.250 6.524 6,524 209,711 5,749 c. CHURCH ADMIN15TRAlloN omputer and website costs Telephone Printing. postage and stationery Office sundries Professional lee5 1,778 1.049 1,418 1.383 390 6,018 1,778 1.049 1.418 1,383 390 6.018 2,170 1,219 1.818 770 390 6,367 ToTAL-cHARABLE AcnviTIE5 215,789 25.624 6,917 248.330 240,661 Professional fee5 includes the remuneratk)n of the Independent Examiner of É39012023- £3901 forthe independent exarnination. 13
THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY TEWKE5BURY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 6. STAFF COSTS AND TRUSTEE MAThERS The average numbers of employees (all part-timel during the year were.. 2024 2023 Charitable activities Administration Employee costs Gross salaries Ernployers pension contributions Employers NIC 46.(K)O 2,353 55.805 2.919 48.353 58.724 No employee earned more than É60,00012023. nill. The aggregate cost to the charity of all employee benefits received by the trustees and other key personnel is £48.35312023- £58,724). Related party transactions.. No trustee received remuneration in 202412023- nill. clergy expenses in 2024 amounted to É1,867 Imileage £529. office/ telephone £565 and other costs £7731.12023 - £18601 No expenses were paid to other trustees, apart from reimbursement ofchurch expenditure. There were no related party transactions involving trustees during the year12023-£2861. No grants were made to related parties12023- nill. As with many churches, a significant amount of donations is received from trustees but it would not be in the best interests of the charity to assess the amount. Much gNing is anonymous- all giving IS treated as confidential. 7. TANGIBLE FIXED ASSErs Freehold Equlpment propertr Total Cost or valuation At ljanuary 2024 Additions Disposals At 31December 2024 283,342 162,809 15,4(K) 446. 151 15.4(K) 283,342 178.209 461,551 Depreciation At ljanuary 2024 Additions Disp05als At 31 December 2024 28.545 2.833 162.061 3.691 19),606 6.524 31.378 165,752 197.130 Net book value 31 December 2024 Net book value 31 December 2023 251.964 254.797 12.457 264,421 255.545 8. DEBTORS 2024 2023 Income Tax recoverable Sundry debtor5 Prepayments 1.335 859 1,223 3,560 2.236 3.095 14
THE PAROCHIALCHURCH COUNCILOF HOLYTrINITY TEWKESBURY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 9. CREDITORS.AMOUNTS FALLING DUEWITHIN ONEYEAR 2024 23 Creditors Aecru315 and deferred income 1,919 390 1,884 4,814 6,698 Included in accrua15 and deferred ineotne 15 deferred income of Enil12023- £43241 representing monres collected in advanceforchurch activities taking place in thefollowing year. IQ. TRANSFERS BEtWEEN FUNDS 2024 2023 TransleT from general ftjnd to Donation fund (equal to IO% of unrestricted voluntsry income in yearl. General fund to Fixed Asset fund representing initial cost of a new heating system. 23,&J) 15.400 19,IlJ) 11. TOTAL FUNDS CARRIED FORWARD Nots At 1stJanuary Income Expenditure Transfers At 31 December 2024 2024 Gener31 fund Designated funds Restritted funds 75,689 274,645 270,516 33.475 5,194 309.185 1215,7891 139,(KOI 125.6241 39.() 16,9171 1248.3301 91.416 321,496 3,617 416.529 355,674 previou5 yeor At tstjttnuary Income Expenditure Transfers At31 December 2023 General fvnd Designoted fvnds Restricted fvnds 94,557 287,085 5,674 387,316 204,252 1204,0201 119,1) 131.5401 19,1( 15. 1011 1240,6611 75,689 274,645 4.767 209,019 355.674 12. DESIGNATED FUNDS At 1st January Income Expenditure Transfers At 31 December 2024 2024 Building fund Donation fund Fed 355et fijnd Leg3cy fund 27,092 27,092 23,6(M) 264,421 6.383 321,496 19,ILX) 255,545 119,ICOI 16,5241 23,600 6.363 33,475 274,645 125,6241 39,(X)O prevtous year At Istjanuary Income E¥penditure Transfers At 31 December 2023 Donotion fvnd Fixed asset fvnd 19,4 267,685 287,085 119,4(X)I 112,1401 131.5401 19,100 19,ICK) 255,545 274,645 19,100 The Building fvnd earmarks finance required to meetfuture empendilureon bullding5 and equipment. The inbtial balance15 mainly from a Gift Day for replacing the heating system in the halls in 2025. The Donation fund is primed at the end of each year with a transfer from thegeneral nd equwalent to IO%of the unrestricted voluntary income received in that year. It is used in thefollowing year tts fund grants to overseas and home missions. especial to support the church'5 rnission partners. The Fixed Asset fijnd rnirrors the value ol the Frrted $Set5 in the balance sheet. providing fvnds for the future depreciatton charges relating to those assets. The Legacy ftjnd represent5 money received from legaties and invested to produce an income to rneet fijtureexpenditure. 15
THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY TEWKESBURY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13. RESTRICTED FUND5 At tstjanuary 2024 Income Expenditure Transfers At 31 December 2024 Garden of Remembrance Families in Need Speci31 collections Cefn Lea Bursary Youth Events The WelcomeTable 926 926 1.168 11.1681 12.2501 11.7151 11,7841 16,9171 1,250 1.383 1.669 5,340 2.911 115 5,194 2.579 3,617 previous year At tstjanuary 2023 Income Expenditure Transfers At 31 Decembe 2023 Garden of Remembranee Families in Need Special collections Cefn Lea Bursary Youth Events The Welcome Table 112 926 112 926 818 1.250 18181 1.250 1.383 1,669 1,851 2,785 5.674 11.3521 12,9311 15,1011 1,815 4.767 The Garden of Remembrance fund was set up to provide fund5 to maintain the Garden of Remembrance. The Families in Need ftjnd (2150 known as the Blessing5 fund) exists to provide gifts in cash or kind for people associated with the church in times of particular need. Special collections are usualty held at Christmas seThices for Embrace the Middle East and The Children's Society. and for other causes at various times. The Cefn Lea Bursary fvnd enables church members to pay more than their own fees for the church weekend away for the benefit of other participants. The weekend takes place in alternate years and the next Is planned for 2026. Certain Youth Events such as attendance at Christian festivals and recreational outings are funded by a combination of charges paid by participants and gifts specifically lor youth activities. Unspent gifts are retained in the restricted fvnd. Thewelcome Table fvnd was initiated in 2022 by a grant of £1,500 from a Christian charity for the church to provide meals for needy families and individu315 in a warm environment. Further gifts were received subsequently for the same purpose. 14. ANALYSIS OF NASSET$ BThEEN FUNDS as at 31 December 2024 Unrestrl¢ted funds General Deslgnated Restricted Total Fixed a55ets Current a55ets Current liabilities 264.421 57.075 264.421 154,417 12.3091 416.529 93,187 11,7711 91.416 4.155 15381 3.617 321.496 as at 31 December 2023 Unre5trlrted funds General Desi8nated Restricted Total ixed assets Current assets Current liabilities 255.545 19.1 255.545 100.827 16,6981 355,674 81,857 16, 168) 75,689 5.870 1530) 274.645