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← The Parochial Church Council Of The Ecclesiastical Parish Of Folkestone Holy Trinity With Christ Church

2024-12-31-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 2024

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
CT20 2SA
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
Kent
CT20 1SA
Independent Examiner S Jennings 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 - 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Comparable Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 12

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

T he Trustees present their annual report and financial statements for the year ended 31 December 2024. The Trustees have 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 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 in October 2019.

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 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 general guidance on public benefit when reviewing the 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 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 2024 there were 11 Baptisms, 1 Wedding Blessing, 5 Funerals with an additional 4 funeral services taken at crematorium and 2 Interments.

Review of the year

Our Holy Trinity Church is served well by a committed group of people who do so much to support this church.

Services The overall attendance at the main Sunday service has stabilised. We continue to conduct baptisms on the first Sunday in the month. We have a thriving 8am Sunday service, one of the biggest in the diocese. Attendance at our Christingle Service on Christmas Eve, and the Midnight Mass was most encouraging. (Well in excess of 100 in both instances).

Community We are a beacon church in relation to community matters. We offer Monday Music to those who are medically challenged. The joy exhibited by these wonderful people is inspiring. We now host the annual Holocaust Memorial Service. We also host the Christmas Carol Service for the Active Retirement Group. We continue to host the uniform groups in our hall, and it is a joy to see them at our parade services. We are fortunate to have committed people involved in our Mission and Links and entertainment groups. Thanks to these good people we have held successful summer and Christmas fayres. We enjoy a reputation for hosting regular quality musical concerts, which are well attended.

As well as the concerts, we have a truly outstanding robed choir. Those who attend or visit our church comment most favourably. We owe a great debt of gratitude to all those involved. Our reason for being is to worship God, give thanks to our Lord and Saviour Jesus Christ in the power of the Holy Spirit and this is greatly enhanced by our choir.

-1-

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE TRUSTEES' REPORT

Financial Review 2024 Income for the year amounted to £168,604 (2023: £109,422). Expenditure for the year amounted to £126,922 (2023: £130,809). This resulted in a surplus of £41,682 (2023: deficit (£21,387))

Restricted funds at 31 December 2024 amounted to £32,530 (2023 £18,488) relating to legacies and donations for specific purposes.

Designated funds at 31 December 2024 amounted to £218,646 (2023: £207,476) and relate to funds set aside for future expenditure. Unrestricted funds at 31 December 2024 amounted to £33,259 (2023 £16,789).

Financial recovery has continued, helped to a large extent by an extraordinary and anonymous donation of £50,000 (2023 nil). The substantial reduction in utility prices has helped considerably and we continue to promote further increased income so as not to have to rely on reserves in the future. Taking into account the current level of our reserves, the trustees are of the opinion that our substantial reserves are more than sufficient to finance any income shortfall in the current year and in the medium term. Please see Note 1.7 to these financial statements.

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 2025 include improvements to parking and hospitality facilities and 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 continue towards raising the necessary funds. Funding is now in place for urgent repairs to the Tower Roof and Weathervane and work will commence as soon as possible.

Reserve Policy. It is the desired policy of Holy Trinity Church PCC to keep £50,000 (2023: £50,000) in reserve for unforeseen emergency repairs to the fabric. 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.

The £50,000 referred to above is held within the Legacy Fund and is a contingency sum that the PCC have considered prudent arising from indications from the Quinquennial Report that attention would be needed in certain areas including the roof. This amount is supplementary to sums of £129,723 and £50,970 held respectively in the Roof and Quinquennial Sinking Funds as referred to in Notes 8 and 9 to these financial statements.

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 ongoing basis.

PCC members (except where indicated as non PCC)

----- Start of picture text -----
||||| |---|---|---|---| |Vicar|The|Revd. Robert Price Weldon|Chairman to 2 December 2024| |Benefice Priest|The|Revd. Roger Smith| |Benefice Priest|The|Revd. Kate McNeice (non PCC)| |Benefice Deacon|The|Revd Bill Mills|Appointed 01/09/2024| |Benefice Deacon|The|Revd Heather Tapsell|Appointed 01/09/2024| |Readers|Mr Charles Lewis|(non PCC)| |Authorised Lay Minister|Mrs Fiona Weldon (non PCC)| |Mr Lewis|Smith|Appointed 01/09/2024| |Wardens:|Mr Christopher Martin|Acting Chair|man| |Mr Michael Gilham|Retired 21/04/2024| |Mr Michael Hawken|Elected 21/04/2024 Resigned 21/01/2025| |Deanery Synod|Mr Tim Parsons| |Mr Christopher Martin| |Mrs Patricia Wilson| |Elected Members|Mr Michael Hawken|Became Churchwarden|from 21/04//2024| |Ms|Michelle Fletcher| |Mr Denis Dadson| |Mrs Christine Schilder| |Mrs Heather Sutherland| |Mr David Troke| |Mr Paul Seward| |Mr Richard Lambourne| |-2 -| |Co-opted Members|None| |Treasurer|Mr Denis Dadson|

----- End of picture text -----

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.

-2-

PAROCHIAL CHURCH COUNCIL OF HOLY TRINrrY ￿TH CHRIST CHURCH FOLKESTONE TRUSTEES, REPORT Trnstees, ResponsibilttFes The Irustees are respuiibible for prepanng the Trustees. Annual Report and the financi21 statp.mpnts in accordancg vAth applic*Jle law and United Kvwom knThsnting Sta￿rds (United KIr￿rn Generally Accepted Ac￿inti1 Practice). The law appFKable to charilies in England & Wales requires the trustees to prepare financial statements for each financial year Nthich give a trne and fair view of the state of affairs of the charity and of the incoming resources and applitxtion of resources of the clHity for that per￿￿. In preparing these financial statements. the tnjstees are required to" select suitable accounting polioes and then apply them consisten￿Y obsorve the methods end Pri￿lPIeS in the Charibtb SORP 2015 (FRS 102} Ill¢ike judgements an(J estsmates that are reasonable and t)rudent state whether applicable ￿MInting stgndards havo been followed, 8ubieGt to any tnateTial depatturBs disclosad and explaincd in the finanGial statemenLs piepare the financ￿1 ststements on the going G￿rn b￿.8 unless it Ès inappropriate to presume that the charity will conb.nue in operation. The trustees are responsible for keeping Pfoppr accounllng r￿ordS Ihat tlisdose reasonable accuracy at any time the flnanctal position of the charity and enable them to ensure that the financral statements comF4y the Charities Act 2011. th8 Charity (Accounts & Reports) Regulations 2008 and the provision5 of the trust deed. They are also responsible for safeguarding the assets of Ihe chanty and hence for tsking reasonable sleps for the prevention anij detectson ot traud and other irregularities. In approving thp. T￿￿te8￿. Annu21 Rgport we also approve the Strategic Report i1￿[Ude￿ thereln, In our capacity as Slgned on behaifofthe PCC C. C. Martln Tnjstee and Vice Chaimian 1 May 2025

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 2024, which are set out on pages 5 to 12.

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.

21 May 2025

Signed:

S Jennings 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

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
2024 2023
Notes Unrestricted Designated Restricted Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
INCOME FROM
Donations and legacies 2a 104,707 - 14,843 119,550 62,897
Investment income 2b 4,875 8,739 39 13,653 11,818
Income from charitable and ancillary
trading 2c 35,401 - - 35,401 34,707
TOTAL INCOME 144,983 8,739 14,882 168,604 109,422
EXPENDITURE ON:
Charitable activities 3
Parish share 44,639 - - 44,639 41,881
Mission and charities 1,199 - 128 1,327 2,109
Other ordinary running costs 75,675 3,807 712 80,194 84,207
Exceptional Costs - 762 - 762 2,612
TOTAL EXPENDITURE 121,513 4,569 840 126,922 130,809
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS 23,470 4,170 14,042 41,682 (21,387)
Transfer between funds 8 (7,000) 7,000 - - -
NET MOVEMENTS IN FUNDS 16,470 11,170 14,042 41,682 (21,387)
RECONCILIATION OF FUNDS
BALANCES BROUGHT
FORWARD AT 1 JANUARY 2024 16,789 207,476 18,488 242,753 264,140
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2024 33,259 218,646 32,530 284,435 242,753
----- End of picture text -----

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
PRIOR YEAR COMPARATIVE 2023 2022
Notes Unrestricted Designated Restricted Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
INCOME FROM
Donations and legacies 2a 58,053 25 4,819 62,897 71,713
Investment income 2b 4,626 7,152 40 11,818 3,473
Income from charitable and ancillary
trading 2c 34,707 - - 34,707 20,377
Diocesan Grants 2d - - - - 16,900
TOTAL INCOME 97,386 7,177 4,859 109,422 112,463
EXPENDITURE ON:
Charitable activities 3
Parish share 41,881 - - 41,881 40,339
Mission and charities 1,049 - 1,060 2,109 3,707
Other ordinary running costs 81,845 2,042 320 84,207 69,514
- -
Exceptional Costs 2,612 2,612
TOTAL EXPENDITURE 127,387 2,042 1,380 130,809 113,560
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS (30,001) 5,135 3,479 (21,387) (1,097)
Transfer between funds 8 (2,000) 2,000 - - -
NET MOVEMENTS IN FUNDS (32,001) 7,135 3,479 (21,387) (1,097)
RECONCILIATION OF FUNDS
BALANCES BROUGHT
FORWARD AT 1 JANUARY 2023 48,790 200,341 15,009 264,140 265,237
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2023 16,789 207,476 18,488 242,753 264,140
----- End of picture text -----

PAROCHIAL CHURCH COUNCIL OF HOLY T￿Nrry WITH CHRIST CHURCH FOLKESTONE BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Total Funds Total Funds Funds Fund5 Funds CURRENT ASSErs Debtors & Prepayments Bank and Cash Balances 3,610 35,772 3.610 280,940 3,393 246.493 210,PAG 32,530 39.3OZ 218.646 32.530 290.558 249,886 CREDITORS- amounts falling due wlthin 1 year Other Creditors 6.123 6.123 6.123 6,123 7,133 7,133 NEf CURREprf ASSETS 33.259 218.646 32,530 284,435 242.753 NEf ASSETS 33.259 218.646 32.530 284.435 242,753 PARISH FUNDS General Fund Legecy Fund Roof Fiind 20.037 13.222 20,03T 83,169 129.723 535 1,058 75.828 118.245 1.059 46,563 242,753 14.947 16.397 113.326 Organ Fund Quinquennial Sinking Fund 50.320 218.646 650 50.97Q 284,435 33.259 32,530 Approved by the Par(Kthial ChLffch Council on 1 May 2025 and ggned IM its behalf by. CC C Martin (Church Warden) D Dadwi (Hon Treasurer}

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 ACCOUNTING POLICIES

1.1 Basis of preparation

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 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.

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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

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.

1.2 Funds accounting

Unrestricted Funds represent funds of the PCC that are not subject to restrictions regarding their use. In particular these consist of the General Fund which is used for the day to day purposes of the PCC and that part of the Legacy Fund which is not restricted by the terms of individual wills. Funds designated by the PCC are also unrestricted.

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.

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income, any performance conditions attached to the item of income have been met and it is probable that the income will be received. The following specific policies are applied to particular categories of income:

1.4 Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs to that category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 churchwardens 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.

Financial recovery has continued, helped to a large extent by an extraordinary and anonymous donation of £50,000 (2023 nil). The substantial reduction in utility prices has helped considerably and we continue to promote further increased income so as not to have to rely on reserves in the future. Taking into account the current level of our reserves, the trustees are of the opinion that our substantial reserves are more than sufficient to finance any income shortfall in the current year and in the medium term and for the charity 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

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		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
£
£
£
£
31,985
-
-
31,985
8,545
-
-
8,545
6,011
-
-
6,011
56,287
9,715
66,002
1,000
-
5,000
6,000
879
-
128
1,007
104,707
-
14,843
119,550
4,875
8,739
39
13,653
14,492
-
-
14,492
7,671
-
-
7,671
8,954
-
-
8,954
4,027
-
-
4,027
257
-
-
257
35,401
-
-
35,401
144,983
8,739
14,882
168,604
2024		 2023
Total
£
32,281
8,795
5,288
9,594
5,500
1,439
62,897
11,818
10,748
7,445
10,684
5,687
143
34,707
109,422

2 Income from

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 (incl Utilities)
Utilities (Church building)
Telephone and Broadband
Insurance
Publicity, postage IT and stationery
Maintenance of buildings and fabric
Maintenance of grounds
MaIintenance of Musical Instruments
Service expenses
Income Generation Costs
Licences
Security Costs
Bank and Card Charges
Miscellaneous expenses
Accountancy
Total expenditure		 Direct
Costs
Support
Costs
Staff
Costs
Total
£
£
£
£
44,639
-
-
44,639
1,327
-
-
1,327
-
9,600
-
-
9,600
-
-
8,898
8,898
10,739
-
-
10,739
816
-
-
816
2,855
-
-
2,855
-
15,286
-
15,286
-
803
-
803
-
5,099
-
5,099
-
930
-
930
-
10,544
-
10,544
-
1,920
-
1,920
-
2,180
-
2,180
1,288
-
-
1,288
3,943
-
-
3,943
359
-
-
359
1,310
-
-
1,310
1,024
-
-
1,024
-
-
-
-
2,600
-
-
2,600
34,534
36,762
8,898
80,194
80,500
36,762
8,898
126,160
2024		 2023
Total
£
41,881
2,109
9,600
8,159
10,507
2,513
4,537
19,842
700
5,010
816
8,888
2,096
855
1,351
4,246
334
980
939
152
2,682
84,207
128,197

4 Staff Costs

The average number of employees during the year was 1 (2023: 1).

5 Trustees and key management personnel remuneration and expenses

Trustees received no remuneration during the year for their duties as Trustees (2023: None).

4 Trustees (2022: 4) were reimbursed expenses totalling £1,723 (2023: £2,367) 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
Prepayments
7
Creditors
Wedding deposits
Other creditors		 2024
£
2,953
657
3,610
2024
£
500
5,623
6,123		 2023
£
2,833
560
3,393
2023
£
1,495
5,638
7,133

-10 -

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8
Unrestricted funds - 2024
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund (Part)
Quinquennial Sinking Fund
Unrestricted funds - 2023
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund (Part)
Quinquennial Sinking Fund		 Balance
brought
forward
Income
Expenditure
Transfer
between funds
Balance
carried
forward
£
£
£
£
£
1,058
140,491
(121,512)
20,037
15,731
4,491
-
(7,000)
13,222
50,000
-
-
5,000
55,000
111,563
6,332
(4,568)
-
113,327
45,913
2,407
-
2,000
50,320
224,265
153,721
(126,080)
-
251,906
Balance
brought
forward
Income
Expenditure
Transfer
between funds
Balance
carried
forward
£
£
£
£
£
2,208
87,761
(121,792)
32,881
1,058
46,582
9,625
(5,595)
(34,881)
15,731
50,000
-
-
-
50,000
108,427
5,178
(2,042)
-
111,563
41,914
1,999
-
2,000
45,913
249,131
104,563
(129,429)
-
224,265

Designated Funds Legacy Fund (part) Roof Fund (part)

Quinquennial Sinking 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

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

9
Restricted funds - 2024
Legacy Fund (part)
Organ Fund
Missions and Charities
Roof Fund (part)
Quinquennial Sinking Fund (part)
Restricted funds - 2023
Legacy Fund (part)
Organ Fund
Verger Fund
Missions and Charities
Roof Fund (part)
Quinquennial Sinking Fund (part)		 Balance
brought
forward
Income
Expenditure
Transfer
between funds
Balance
carried
forward
£
£
£
£
£
10,097
5,000
(150)
-
14,947
1,059
39
(562)
-
536
-
128
(128)
-
-
6,682
9,715
-
-
16,397
650
-
-
-
650
18,488
14,882
(840)
-
32,530
Balance
brought
forward
Income
Expenditure
Transfer
between funds
Balance
carried
forward
£
£
£
£
10,247
-
(150)
-
10,097
869
190
-
-
1,059
-
170
(170)
-
-
-
1,060
(1,060)
-
-
3,243
3,439
-
-
6,682
650
-
-
-
650
15,009
4,859
(1,380)
-
18,488

Missions and Charities relates to donations received and disbursed in respect of specific appeals or donations Verger Fund relates to donations received and disbursed in resoect of the remnuneration of the Verger

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.

Legacy Fund 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. Organ Fund This fund was established to provide major refurbishments and is not to cover routine maintenance or general running costs. Roof Fund 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 Quinquennial Sinking Fund (part) This fund represents donations received specifically towards the cost of maintenance work recommended periodically by quinquennial reports required by Canterbury Diocese

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10
Analysis of net assets between funds
2024
Current Assets
Current Liabilities
2023
Current Assets
Current Liabilities		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
39,382 218,646 32,530
290,558
(6,123) - -
(6,123)
33,259 218,646 32,530
284,435
23,922 207,476 18,488 249,886
(7,133)
(7,133)
16,789 207,476 18,488 242,753

11 Related Party Transactions

Mr Tim Parsons was paid £10,290 (2023: £9,720) under contract with Holy Trinity Church to provide director of music services. Except in this respect and the occasional reimbursement to trustees of properly incurred expenses (see Note 5) there were no related party transactions in the current or preceding year. Mr David Troke was paid £650 (2023 £455) for management services at music concerts.

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