OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOLKESTONE HOLY TRINITY WITH CHRIST CHURCH

ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

Registered Charity No. 1131472

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

ADMINISTRATIVE INFORMATION

Incumbent The Reverend R P Weldon TSSF
21 Manor Road
Folkestone
Kent
Charity Number 1131472
Governing document Parochial Church Council Powers Measure (1956) as amended
and Church Representation Rules.
Bankers Royal Bank of Scotland
Drummond House
Redheughs Avenue
Edinburgh
EH12 9RH
HSBC
41 Sandgate Road
Folkestone
CT20 1SA
Independent Examiners M Wilkes FCA
Azets Audit Services
Chartered Accountants
Ashford Commercial Quarter
1 Dover Place
Ashford, Kent
TN23 1FB

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

CONTENTS

Page
Trustees' Report 1 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Comparable Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 13

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

_________________ The Trustees present their annual report and financial statements for the year ended 31 December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014 as amended by Bulletin 1.

Where necessary for context, this report also reflects the work of the Trinity Benefice, of which Holy Trinity Church is a member.

Aims and Purposes

Holy Trinity PCC has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish, within the Trinity Benefice, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church building of Holy Trinity Church, Sandgate Road, Folkestone, and the church hall at the same address. This section reflects the work of The Trinity Benefice, of which Holy Trinity Church is a part and should be read with that in mind.

Objectives and Activities

The PCC is committed to drawing as many people as possible into worship at our church, and to working together with individuals and organisations in the community for the common good and furtherance of our common goals and values. The PCC maintains an overview of worship, outreach, ministry and mission. When planning activities for the year, consideration is given to the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish through: Worship and prayer; learning about the Gospel; developing their knowledge and trust in Jesus, provision of pastoral care for people living in the parish, Missionary and outreach work.

Public benefit statement

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and, in planning future activities.

Worship Prayer and Mission

The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. Each Sunday a service of Holy Communion is celebrated at 8am, whilst at 10.30am there is a service of Holy Communion (sometimes followed by healing ministry). Evensong is sung every Sunday evening at 6.30pm.

There is a regular weekday communion service on Friday at 11.30am. Morning Prayer is said in the church at 8.30am on Monday, Wednesday, and Friday. All weekly term-time services for pre-school children together with their parents or carers, previously held at Holy Trinity Church, have been amalgamated with the other churches within the Trinity Benefice and are now held at St Paul's Sandgate.

-1All are welcome to attend our regular services. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life, including Baptism, Marriage and Funeral services. During 2022 there were 3 Baptisms, 3 Weddings, 3 Wedding Blessings, and 7 Funerals with an additional 9 funeral services taken at crematorium.

Review of 2022 by Revd. Bob Weldon

Ministry Team and Pastoral

We are blessed with our Ministry Team. This year has been a mixed bag. One minister is now an ordinand, and another has reached the interview stage of the discernment towards ordained ministry. So hopefully we will have two ordinands in the Benefice. We also have two new authorised lay ministers. Sadly one minister has had to retire, one has been beset with serious health challenges and another has had to step back to care for their spouse who is ill. Our two Anna Chaplains are active and the community club is still active. With greater and greater challenges, our wonderful pastoral team have given so much, and I commend them to you.

Community Events

This has been an exceptional year in the Benefice. We celebrated St Paul’s 200[th] anniversary with a week of wonderful, well attended, events. A highlight was a talk given by Terry Waite, to a packed church, during which one could hear a pin drop. Holy Trinity had a variety of amazing concerts throughout the year, and leading up to Christmas, one event had about 700 in attendance, which had to have two performances. St George’s hosted the Benefice Breakfast, magnificent as always, which raised nearly £400 in aid of Touchbase Care.

Services

We now have a full range of services on offer. But still some people are nervous about attending church. Two of our churches livestream on Sundays, and this has been a success. We continue to conduct a good flow of weddings and baptisms, but very sadly, many, many funerals.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

_________________

Income and Expenditure

Again lower attendance figures have affected our income. Costs are rising dramatically in relation to fuel bills. Any ideas about raising income would be greatly appreciated.

Those who have gone before us

So many loved and respected brothers and sisters have passed away and this sits heavily on my heart. On Sunday 16[th] January we held a service for our departed brothers and sisters, which was well attended.

External Matters

We still continue to offer a drop-in centre for Napier Barracks refugees at St Paul’s. We also offer English lessons for our brothers and sisters from Ukraine. We had a collection point for clothing and other necessary items as soon as Russia invaded Ukraine. We continue to support the Night Shelter for the homeless, and our Benefice provide the evening meal on Sunday evenings. Those who are involved in these pursuits are to be commended

General

Fiona and I will have completed seven years in this ministry and are happy here. We now have my 88 year old mother living with us and the support we have received from people in the Benefice has been heart-warming. Thank you so much. I feel privileged to be your vicar.

Financial Review 2022

Income for the year amounted to £112,463 (2021: £84,740). Expenditure for the year amounted to £113,560 (2021: £101,962). This resulted in a deficit of £1,097 (2021: £17,222). Restricted funds at 31 December 2022 amounted to £15,009 (2021 £13,672) relating to legacies and donations for specific purposes.

Designated funds at 31 December 2022 amounted to £200,341 (2021: £202,422) and relate to funds set aside for future expenditure. Unrestricted funds at 31 December 2022 amounted to £48,790 (2021 £49,143).

Pay policy for key management personnel

The trustees consider the board of trustees as the key management personnel of the charity in charge of directing and controlling, running and operating the PCC on a day to day basis.

Plans for the future

Projects agreed or under consideration for 2023 and beyond include further improvements to security of the church building and further major repairs recommended by the quinquennial report. The church building will require substantial reroofing within the next few years. Initial surveys have taken place and steps are being taken to raise the necessary funds.

Reserve Policy

It is the desired policy of Holy Trinity Church PCC to keep £50,000 in reserve for unforeseen emergency repairs to the fabric of the building. Unrestricted funds including designated funds at 31 December 2022 amounted to £249,131 (2021: £251,565) .In addition the PCC will set aside £2,000 annually to cover quinquennial costs, to be ring-fenced within the Quinquennial Sinking Fund. The PCC is also committed to giving an additional sum to Mission which will not exceed the total interest received on the Legacy Fund.

Major Risks

The PCC reviews the activities of the parish and considers the major risks that may arise from time to time. The major risks identified in the process have been assessed and satisfactory systems established to mitigate the risks. The PCC will continue to review the risks on an on-going basis.

Owing to the temporary closure for public worship by the Church of England of all its churches arising from the Covid19 crisis, giving and other income have continued to be curtailed during the early part of 2022. Covid-19 has continued to have a significant impact on the finances of the charity. In 2022 it was again necessary to use reserves to cover the loss of income and for the future a number of measures are being and have been put into place to restore and improve income from giving, hire of buildings and all other sources and fundraising events. The trustees are of the opinion that these measures are sufficient, taking into account the current level of reserves, for the charity to be able to continue as a going concern. We are confident that our substantial reserves are more than sufficient to finance the income shortfall in the medium term. Please see note 1.7 to these financial statements.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

_____________ PCC members (except where indicated as non PCC)

Vicar The Revd. Robert Price Weldon Chair
Benefice Priest The Revd. Roger Smith
Benefice Priest The Revd. Kate McNeice (non PCC)
Readers Mr Charles Lewis
Mrs Janette Smith (non PCC)
Authorised Lay Minister Mrs Fiona Weldon (non PCC)
Wardens: Mr Michael Gilham Vice Chair
Mr Christopher Martin (appointed 7 August 2022)
Mr Brian Higgleton (resigned 21 April 2022)
Warden Emerita Mrs. Sarah Bristow (deceased 1 February 2023)
Deanery Synod Mr Charles Lewis
Mr Tim Parsons
Mr Denis Dadson
Elected Members Mrs Alison Chambers
Ms Michelle Fletcher
Mr Tim Parsons
Mrs Christine Schilder
Mrs Heather Sutherland
Mr Charles Lewis
Mr David Troke
Mrs Hilary Tolputt
Mr Christopher Martin (from 21 April 2022 to 7 August 2022)
Co-opted Members None
Treasurer Mr Denis Dadson

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

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 & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

-3-

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

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 & Reports) Regulations 2008 and the provisions of the trust deed. 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.

In approving the Trustees’ Annual Report we also approve the Strategic Report included therein, in our capacity as trustees.

Signed on behalf of the PCC

Revd Robert Price Weldon

Chair April 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

I report to the charity trustees on my examination of the accounts for the year ended 31 December 2022, which are set out on pages 6 to 13

Responsibilities and basis of report

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

I report in respect of my examination of the charity's accounts carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and 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 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect 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 fair view' which is not a matter considered as part of an independent examination.

I have no such 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.

Signed: M Wilkes FCA Azets Audit Services Chartered Accountants Ashford Commercial Quarter 1 Dover Place Ashford, Kent TN23 1FB 18 April 2023

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes Unrestricted Designated Restricted Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
INCOME FROM
Donations and legacies 2a 65,937 - 5,776 71,713 68,820
Investment income 2b 1,474 1,987 12 3,473 137
Income from charitable and
ancillary trading 2c 20,377 - - 20,377 14,423
CJRS 2d - - - - 1,360
Diocesan Grants 2d - - 16,900 16,900 -
TOTAL INCOME 87,788 1,987 22,688 112,463 84,740
EXPENDITURE ON:
Charitable activities 3
Parish share 25,339 - 15,000 40,339 42,948
Mission and charities 1,366 - 2,341 3,707 1,260
Other ordinary running costs 59,436 6,068 4,010 69,514 57,754
TOTAL EXPENDITURE 86,141 6,068 21,351 113,560 101,962
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS 1,647 (4,081) 1,337 (1,097) (17,222)
Transfer between funds 8 (2,000) 2,000 - - -
NET MOVEMENTS IN FUNDS (353) (2,081) 1,337 (1,097) (17,222)
RECONCILIATION OF FUNDS
BALANCES BROUGHT FORWARD AT 1
JANUARY 2022 49,143 202,422 13,672 265,237 282,459
BALANCES CARRIED FORWARD AT
31 DECEMBER 2022 48,790 200,341 15,009 264,140 265,237

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021

Notes
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
INCOME FROM
Donations and legacies
2a
65,584
-
3,236
68,820
Investment income
2b
62
75
-
137
Income from charitable and
ancillary trading
2c
14,423
-
-
14,423
Government Grant - CJRS
2d
1,360
-
-
1,360
TOTAL INCOME
81,429
75
3,236
84,740
EXPENDITURE ON:
Charitable activities
3
Parish share
42,948
-
-
42,948
Mission and charities
1,260
-
-
1,260
Other ordinary running costs
53,514
2,200
2,040
57,754
Exceptional costs
-
-
-
-
TOTAL EXPENDITURE
97,722
2,200
2,040
101,962
NET EXPENDITURE BEFORE
TRANSFERS
(16,293)
(2,125)
1,196
(17,222)
Transfer between funds
8
(39,000)
39,000
-
-
NET MOVEMENTS IN FUNDS
(55,293)
36,875
1,196
(17,222)
RECONCILIATION OF FUNDS
104,436
165,547
12,476
282,459
49,143
202,422
13,672
265,237
2021
BALANCES
BROUGHT
FORWARD
AT 1 JANUARY 2021
BALANCES CARRIED FORWARD AT
31 DECEMBER 2021		 2020
Total
Funds
£
98,494
1,020
7,101
3,384
109,999
42,542
530
54,897
18,638
116,607
(6,608)
-
(6,608)
289,067
282,459

.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
CURRENT ASSETS
Debtors & Prepayments
6
Bank and Cash Balances
CREDITORS: amounts falling due
within 1 year
Other creditors
7
NET CURRENT ASSETS
NET ASSETS
PARISH FUNDS
General Fund
8
Legacy Fund
8/9
Roof Fund
8/9
Organ Fund
9
Quinquennial Sinking Fund
8/9		 Unrestricted Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
1,191
-
-
1,191
56,879
200,341
15,009
272,229
58,070
200,341
15,009
273,420
9,280
-
-
9,280
9,280
-
-
9,280
48,790
200,341
15,009
264,140
48,790
200,341
15,009
264,140
2,208
-
-
2,208
46,582
50,000
10,247
106,829
-
108,427
3,243
111,670
-
-
869
869
-
41,914
650
42,564
48,790
200,341
15,009
264,140
2022		 2021
Total
Funds
£
2,033
270,242
272,275
7,038
7,038
265,237
265,237
434
109,106
114,859
857
39,981
265,237

Approved by the Parochial Church Council on and signed on its behalf by:

M Gilham (Church Warden) D Dadson (Hon Treasurer)

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

The Parochial Church Council of Holy Trinity with Christ Church Folkestone is a registered charity in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are committed to drawing as many people as possible into worship at our church and to working together with individuals and organisations in the community for the common good and furtherance of our common goals and values. The PCC maintains an overview of worship, outreach, ministry and mission.

The charity constitutes a public benefit entity as defined by FRS102

The accounts (financial statements) have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice: Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 as amended by bulletin 1 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and the UK Generally Accepted Practice effective from 1 April 2015

The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued on 16 July 2014.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Restricted Funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor, or a will, or when funds are raised for particular restricted purposes.

The Designated Fund balance has been represented to ensure that fund balances stated accurately reflect the designation policy adopted by the trustees.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES - CONTINUED

1.5 Fixed assets Consecrated Land and Buildings and Moveable Church Furnishings

Consecrated and beneficed property is excluded from the accounts by s10 Charities Act 2011. No value is placed on moveable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other Fixtures Fittings and Office Equipment

Equipment used within church premises is written off in the year of acquisition.

1.6 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes

1.7 Going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. This assessment has been made in respect of a period of at least one year from the date of approval of these financial statements. Covid-19 is continuing to impact on the finances of the charity. The recent relaxation of Covid related restrictions has presented the opportunity to restore income as normal usage of church buildings returns. Further measures are being planned for the restoration and improvement of income from all sources, including regular giving, donations, hire of buildings, musical events and all other fundraising activities. The trustees are of the opinion that these measures are sufficient, taking into account the current level of reserves, for the charity to be able to continue as a going concern.

1.8 Judgements and key sources of information uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements or key assumptions were made in the preparation of the accounts

2 Income from

Income from
a.
Voluntary income
Planned Giving
Gift Aid
Open Plate Collections
Gifts, Donations and Miscellaneous
Legacies
Mission & Links
b.
Investments, Dividends and Interest
c.
Charitable and Ancillary Income
Hire of Church Hall
Hire of Church
Fundraising
Fees
Miscellaneous
d.
Grants
CJRS
Diocesan Grants - Parish Share
Diocesan Grant - Fuel Costs
Total income		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
£
£
£
£
32,686
-
-
32,686
9,578
-
-
9,578
4,271
-
-
4,271
7,122
-
5,776
12,898
10,000
-
-
10,000
2,280
-
-
2,280
65,937
-
5,776
71,713
1,474
1,987
12
3,473
4,244
-
-
4,244
6,795
-
-
6,795
5,104
-
-
5,104
4,008
-
-
4,008
226
-
-
226
20,377
-
-
20,377
-
-
-
-
-
-
15,000
15,000
-
-
1,900
1,900
-
-
16,900
16,900
87,788
1,987
22,688
112,463
2022		 2021
Total
£
33,138
11,223
2,089
17,237
5,000
133
68,820
137
1,600
2,030
3,629
7,084
80
14,423
1,360
-
-
1,360
84,740

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3
Analysis of expenditure
Cost of charitable activities
Parish share
Missions and charities
Other ordinary running costs
Contribution to Joint Benefice
Payroll costs
Music
Church Fees
Church Hall running costs
Heat, light and water
Telephone and Broadband
Insurance
Publicity, postage IT and stationery
Purchase of Card Machine Donation Station
Maintenance of buildings and fabric
Maintenance of grounds
Organ and piano maintenance
Service expenses
Income Generation Costs
Licences
Miscellaneous expenses
Accountancy
Total expenditure		 Direct
Costs
Support
Costs
Staff
Costs
Total
£
£
£
£
40,339
-
-
40,339
3,707
-
-
3,707
9,600
-
-
9,600
-
-
8,532
8,532
9,672
-
-
9,672
1,259
-
-
1,259
1,987
-
-
1,987
-
10,225
-
10,225
-
602
-
602
-
4,816
-
4,816
-
852
-
852
-
1,200
-
1,200
-
10,552
-
10,552
-
2,349
-
2,349
-
1,142
-
1,142
1,183
-
-
1,183
2,558
-
-
2,558
300
-
-
300
705
-
-
705
1,980
-
-
1,980
29,244
31,738
8,532
69,514
73,290
31,738
8,532
113,560
2022		 2021
Total
£
42,948
1,260
9,600
8,152
8,646
3,183
1,176
6,321
577
4,583
1,087
-
6,966
2,417
972
633
886
267
488
1,800
57,754
101,962

4 Staff Costs

The average number of employees during the year was 1 (2021: 1).

5 Trustees and key management personnel remuneration and expenses

Trustees received no remuneration during the year for their duties as trustees (2021: None).

4 Trustees (2021: 5) were reimbursed expenses totalling £1,582 (2021: £690) in respect of printing and stationery and income generation costs,

The trustees consider the board of trustees as the key management personnel of the charity in charge of directing and controlling, running and operating the PCC on a day to day basis. As detailed above, no trustees received remuneration for acting as trustees during the period.

6 Debtors

Debtors
Debtors
Prepayments		 2022
£
745
446
1,191		 2021
£
1,463
570
2,033

-11 -

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7 Creditors 2022 2022 2021
£ £
Wedding deposits 1,635 2,607
Other creditors 7,645 4,431
9,280 7,038
8 Unrestricted funds - 2022 Balance Balance
brought Transfer carried
forward Income Expenditure between funds forward
£ £ £ £ £
Unrestricted funds
General Fund 434 97,576 (106,802) 11,000 2,208
Legacy Fund (part) 48,709 11,474 (601) (13,000) 46,582
Designated funds
Legacy Fund (part) 50,000 - - - 50,000
Roof Fund (Part) 113,091 1,474 (6,068) (70) 108,427
Quinquennial Sinking Fund 39,331 513 - 2,070 41,914
251,565 111,037 (113,471) - 249,131
Unrestricted funds - 2021 Balance Balance
brought Transfer carried
forward Income Expenditure between funds forward
£ £ £ £ £
Unrestricted funds
General Fund 4,702 76,368 (96,110) 15,474 434
Legacy Fund (part) 99,734 5,061 (1,612) (54,474) 48,709
Designated funds
Legacy Fund (part) 25,000 - - 25,000 50,000
Roof Fund (Part) 113,032 59 - - 113,091
Quinquennial Sinking Fund 27,515 16 (2,200) 14,000 39,331
269,983 81,504 (99,922) - 251,565
Designated Funds
Legacy Fund (part) This fund represents legacies received that are for no specific purpose but which
have been set aside by the trustees towards future emergency use
Roof Fund (part) This fund represents part of a legacy received that was for no specific purpose but
which has been allocated by the trustees towards the roof replacement
Quinquennial Sinking Fund (part) This fund represents amounts set aside by the trustees towarrds the cost of

This fund represents amounts set aside by the trustees towarrds the cost of maintenance work recommended periodically by quinquennial reports required by Canterbury Diocese

9
Restricted funds - 2022
Legacy Fund (part)
Organ Fund
Verger Fund
Heating Fund
Parish Share Fund
Missions and Charities
Roof Fund
Quinquennial Sinking Fund (Part)
Restricted funds - 2021
Legacy Fund (part)
Organ Fund
Verger Fund
Roof Fund
Quinquennial Sinking Fund (Part)		 Balance
brought
forward
Income
Expenditure
Transfer
between funds
£
£
£
£
10,397
-
(150)
-
857
12
-
-
-
1,960
(1,960)
-
-
1,900
(1,900)
-
-
15,000
(15,000)
-
-
2,341
(2,341)
-
1,768
1,475
-
-
650
-
-
-
13,672
22,688
(21,351)
-
Balance
brought
forward
Income
Expenditure
Transfer
between funds
£
£
£
£
10,637
-
(240)
-
857
-
-
-
-
1,800
(1,800)
-
982
786
-
-
-
650
-
-
12,476
3,236
(2,040)
-		 Balance
carried
forward
£
10,247
869
-
-
-
-
3,243
650
15,009
Balance
carried
forward
£
10,397
857
-
1,768
650
13,672

The Verger Fund represents donations received that are specifically towards the costs of employing a verger The Heating Fund represents a Diocesan Grant received specifically as a contribution towards heating costs The Parish Share Fund represents a Diocesan grant against the parish share assessment for 2022 Missions and Charities relates donations received and disbursed in respect the specific appeals (Ukraine and Pakistan Appeals

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Organ Fund

Roof Fund

Quinquennial Sinking Fund (part)

This fund represents legacies received that are for a specific purpose and restricted in accordance with the terms of the will. See accounting policy note 1.2.

This fund was established to provide major refurbishments and is not to cover routine maintenance or general running costs.

It is considered that major repairs or possible replacement of the church roof will be needed in the foreseeable future and this fund was set up to receive donations and other finance towards this project.

This fund represents donations received specifically towards the cost of maintenance work recommended periodically by quinquennial reports required by Canterbury Diocese

10 Analysis of net assets between funds - 2021

lysis of net assets between funds - 2021
Current Assets
Current Liabilities		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
56,181 202,422 13,672
272,275
(7,038) - -
(7,038)
49,143 202,422 13,672
265,237

11 Related Party Transactions

Mr Tim Parsons was paid £9,120 (2021: £8,400) under contract with Holy Trinity Church to provid director of music servfices. Except in this respect and the occasional reimbursementto trustees of properly incurred expenses (see Note 5) there were no related party transactions in the current or preceding year.

-13 -