TRINITY Trustees Annual Report and Financial Statements of The Parochlal Church Councll ol the Ecdesiastical Partsh of TRINITY Church, LEWES TRINITY Church, St John suCa$trO. Abinger Place. Lewes. East Sussex. BN7 2QA Re8iStered Charity no. 1131526 For the year ended 31st December 2023 CONTENTS Page Ito7 Trustees, annual report Statement of financial activities Balance sheet 10 Statement of &¥hflows 11 to 20 Notes to the accounts 21 Report examiner the Independent Website: https:Ilwww.TRINITllewes.or&l Incumbent.. The Revd Anita Colp5 The Rectory. Southover High StreeL South¢)ver, Lewes. BN7 IHT Independent Examiner.. Caroline Clarke 66 High Street. Lewes. BN7 IXG Bankers: Barclays Bank plc. CAF Bank West Mallin& CBF Church of England
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Introduction The Parochial Church Council IPCC) of the Ecclesiastical Parish of TRINITY in Lewes. generally referred to as TRINITY Church, Lewes. is responslble for preparing the Trustees. Annual Report and annual financial statements in accordance with charity law. Church of England guidance and the Statement of Recommended Prartice Accounting for Charitles, effective 2019. TRINITY Church Lewes comprises one parish operatingfrom three church buildings, the Church of Stjohn the Baptist in Southover, the Church of St Michael in South Malling and the Church of Stjohn subQstro in the centre of Lewes. The church is within the Deanery of Lewes and Seaford and the DI0Se of Chichester. Members of the PCC for the time being are the trustees for charity law purwses. The administrative information required is included on page 5. Our alms and purposes a5 a charity Our vision is to see lives transforyned by the love of Christ. We are a church that worships God, is sent by Jesus and is empowered by the Holy Spirit to see all people and communities transformed by hi5 love. Our mission is to build wholehearted dixiple5 Of Jesu5 Christ. In bringing the knowledge and experience of the love of God as demonstrated on the cross, TRINITY delivers public benefit through changed lives. hope for eternity and the practical working out of our faith in serving other5 in the community. The PCC has the responslbillty of co-operatin8 vth the incumbent. the Revd Anita Colpus, in: The promotlon of the gospel of the Lord Jesus Christ according to the doctrines and practices of the Church of Englar)d Promoting in the parish the whole mission of the church. pastoral. social. evangeli1C and. ecumenical Seeing INes transformed by the love of Jesus Being and making vtholethearted disciples ofJe5us Christ Providing practical support znd care for people in the parish. from the youngest to the eldest. irrespective of level of need or abilrty to pay Providing financial support to those in need and. to other organisatlons with slmilar objectives. What we did to achieve our charltable objectives The incumbent. staff team and PCC. which comprise both ordained and lay members, paid staff and volunteers is responsible for developing and implementing our Mi55ion Attion Plan IMAP) taking into consideration the Charity Commission's guidance on public benefit and. in particular. the specific guidance on 'charities for the advanment of religion,. Following the staffing changes rerM)rted in the 2022 annual report. 2023 was a period of consolidation. During 2022 there were no Covid restrictions althou8h some people were ill. ar¥J others remained hesitant about mixing in large groups. Page I
TRINITY CHURCH LEWE5 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 310ECEMBER 2023 We ran a full programme of gathered worship servIS in all three churches and restsrted evening worship in Southover with a modem worship service. We retained our ve-streaM service from Southover and have invested in equipment to enable Livestream to operate from St John sutpQstro. TRINITY missional acrivities artive throughout 2023 induded. Monday Club Southover Counselling Lewes Sings Gospel Café 12131 Lighthouse and Boogie Bunch Sunday groups Youth work pha Creation Care Prospects Links Prayer meetings Baptisms. weddlres and funerals. Full details of our activities are included in our supplemental ArtNiitig Report which is available from the TRINITY church office. In the period before Easter we ran One Way. our interactive exhibition about the life of Jesus Christ, in St John sub- Castro which was attended by most of the junior schoo15 in Lewes along with rnany local residents and church members. In July we were privileged to host a synod confimation service in whith 5everb people. including four from TRINITY confirmed their falth presided over by the 8ishop of Lewes. Conscious of the dlfficult finanual situation of many we ran a wami space5 initiative in the autumn of 2022 and the spring of 2023. This year ha5 been one of signifKant change for Café 12131. Following the resignation of the mana8er we closed the café from April until September while we recruited new staff and made plans for reopenlng. Since the café reopened it has been a busy place seTring a range of good food and drink5 and being a place for chat and fellowship and to be aware of the presence of Jesus. F5nancial Review Unrestrlcted Funds Incomlng and outgolng resources The Statement of Financial Actiwties {SoFAI on page 8 Shows thai TRINITY recorded a defiot of £21,181 of expenditure over income giving net assets available for church use of £1,072.099. of whlch £1.027,654 is the balance on general fund. This compares with a surplus in 2022 of £114.279. of which £106.618 was a single legacy from the estate of Ann Wir)sor. As noted below the PCC have designated £49.761 of this for future capitsl and rnaintenan projects. The level of planned giving continued at a similar level in 2023 to thal in 2022 although there was a redutth)n in oneoff gifs. Following the appointment of a bookings administrator in early 2022 there was a further increase our income from buildin8 lettin85 from £25,566 to £32.461. Page 2
TRINITY CHURCH LEWES TRUSTEES. A14NUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 During 2023 benefited from the Increase in interest rates and given our healthy bank balances due to the legacy and the sale of the hall in 2021. our investment incorne alm05t doubled. As we spend that money on our capital projects thls income will necessarily reduce. Expenditure Costs are allocated between.. Ministry- the direct costs of ordained and other ministers and related property costs where applicable together with the dirert Costs of churth Servi Includi baptisms. weddings and funerals Missional giving- a tithe of IO% of prior year gwing allocated to our Mission Prayer Partners Missional activities- as listed al>ove. Fabric - the maintenance. lIlty and other costs of maintaining the church buildings. some of which are owned by the Diocese. Support costs- all other Costs not directty allocated elsewhere. Governance costs- the costs which relate to com13nCe with charities legislation. Minist The 2023 costs were higher than in 2022. primarily due to staff change5. Our new Associate Vicar wa5 licensed in September 2022 and our Parish Contribution includes a full charge for him. We appointed a new youth minister in April. Missiono and charitable ivin Full details are given in note 11 to the accounts and a in line with the PCC policy of tithing IO% of the prior year 8ivin8. FobrK costs During 2023 we incurred substantial non-recurring maintenance expenditure which resulted in total maintenance costs double that of 2022. These were in line with expectations. Given the additional future nonqoutine and capital expendire commitments. PCC have deaded not to utilise the Capital ReseNe to fund the 2023 expenditure. We were pmtected from the increases in eas and electricity costs in 2023 as we had fed price contracts during the year. These come to an end during 2024 and 2025 and we will exper*nce significant cost increases on all sites. ort ond overn¢ince costs These were similar in both 2022 and 2023. Missional octivitie5 The notes to the accounts outline the financial implications of our missional activities and the supplementary booklet gives more details of the actNities themselve> Restricted funds The movements on restrirted fund are dixlosed in note 26. Endowment funds The endowment funds represent the remaining assets given by the Currey. Rickman and Breffitt families. There was no income generated durin8 the year. There was an increase in the valuation of the underlying investments and full details are given in note 27. Reserves policy PCC review5 its re5eNe policy annually. The current poliry to seek to maintain a balance on unrestrirted lunds as follows.. Page 3
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 l. Approximately three months of budgeted general fund payments plus an additional one month of salary costs as a contingency against unforeseen situations. 2. A provision for the maintenance of the fabric of the church to meet Costs arising every five years following the Church Architecvs Quinquennial inspection of the buildings {estimated at £IO,OCKJ per annuml. The target is to build a reseNe of £ILXI.OLKI. On 31 December 2023 the balance on capital reserve is £47.612 with a proposal to make a further transfer of £20.1YAJ. The unrestricted eash reserves on 31 December 2023 were substsntlalty higher than the sum defined above. resulting from the gain on the disposal of St John sulrfastro Church Hall which occurred in 2021 and the lar8e legacy received in 2022. PCC continues to prayerfully identify a strategic use or uses for the funds associated with these one-off events. Additionally. the budget for 2024 is forecasting a deficit of approxlmately £60,000 which will further reduce the surplus funds. Management of risks and their mitigation The PCC has an ongoing task of reviewing the maijr risks which impact on the Vrk of the churthes in the parish. The usual PAT testing and fire extinguisher checks have been carried out. The PCC confirms that the major risks to whith the council has been exposed have been identified by risk analysis exercises carrled out by MrAndrew White. These have been revievled and systems and procedures continue to be developed and refined to manage the risks. The PCC consider that the prinupal risks and uncertainties a. An unexpected fall in income, particularlygiventhe dependeTh of thechurch on a limited number of major regular donors and the loss of hire income. The requirement to fiTrJ volunteers with the appropriate skills. time and commitment to support the mlnistry of the con8regation. The PCC seeks to mariage these risk5 and uncertainties by regularty rev*wing rts Mission Action Plan and Its plans for the use of the church bulldings. We aim to maintain our properties to a high stsndard and carry out the priority item5 of a quinquennial review in a timely manner. Safeguarding The PCC has c¢)mplied with the duty under sectK)n 5 of the Safeguarding and aergy Discipline Measure 2016. fully recognising its duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults. All members of the church who have signifKant ntact with chIldn and vulnerable adults have been DBS hecked as appropriate. We regulady carry out in-house training and attend Diocesan training as and when necessary, including "safer churth" and "safer recruttmenv. OLtr church is re8lStered with the Churches, Child Protertlon Advlsory serv1, and we access professKJnal advice on i55ue5 as they arise as a matter of course. FUre uncertainties Although for 2023. we have operated without Covid restrictiorhsthe disease is still present asevidenced by recurring illness within the congregations. If iherewere to be a serious recurrence with new lockdowns we are confident that have built a resilience that would allow us to continue to continue w•th our arttvities. The war in Ukraine has had a significant impact on gas and electricity prices and inflation has increased prices generally. We have fixed our gas and eledri¢ity prices until 2026 but it is difficult to assess what the impact of these inflatlonary prices will have on planned gi¥ing. We have resources in our Hardship Trust Fund to help the rles1 members of our congregation. Page 4
TRINITY CHURCH LEWES TrUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Post balance sheet events The PCC agreed to pay E150,000 as parish share for 2024. PCC approved the transfer of an additional £20.IXXI to capital re5er¥e fund (see note 25.1 As noted in the financial review above most of our existing gas and electricity contracts expire. and although the new conirarts a fixed until 2026 and not subject to additional fluctuations. they are significantly higher than the old ones. Admlnistrative Inforniation TRINITY Churth is part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incurnbent. the Reverend Anita Colpus at: The Rectory, Southover High Street. Lewes, East Sussex. BN7 IHT. The parlsh is a charity and is registered with the Charity Commission separately frorn the Diocese. Structure• govemance and management of the tharity Parochlal Church Councll: Member5 of the Parochial Churth Council IPCCI a trustees for the purposes of charlty law. Membership of ihe PCC Is determined under the Church Representation Rule5 arKI consists of certain ex-officio member5 (the cleriy. lay readers and licensed workers),. 3churchwardens leach fulfilling 2 of the 6 church warden's roles), 5 members of the Deanerysynod and 9 member5 of the chUrchWhoaeleCted atthe Annual Parochial Church Meeting IAPCMI. Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience. New mernbers of PCC are given appropriate training dependant on previous experien. The PCC is responsible for a wide range of matters affecting the parfsh. including compliance with Health and Safety, Disability Legislation. Data Pmtection and Safeguarding. In their capacity as Trustees, members of the PCC are responsible for the stewardship of funds and for the appropriate accounting and reporting of the parish finances. The Churchwarden5. Secretary, safeguarding officer. Youth Minister, Children and Families Minister and Treasurer are each Invited to attend courses run by the Diocese on their particular work. Regular mailings from the Diocese keep these officers up to date wth changes in church regulations. best practlce arHI financial procedures and these are reported to the PCC as appropriate. The PCC has appointed Jane Lee as our Safeguarding OffKer ensuring that zll appropriate D8S IDi5closure and Barring Servicel checks and safeguarding procedures are condurted on all those who work with children and vulnerable adults in the church. From 2011 the Wardens and Sides-people have been trained in fire prevention and in the use of fire extinguishers by the local fire safety Offir. Thi5 training is renewed every three year5. There are also a number of Ministry Teams that support the Rector which are responsible for specific areas of the church's attivities and these reports are found in the TRINITY Ministry Report. During the year the following served as members of the PCC: Incumbent.. Revd Anita Colpus Revd Paul Boulter Chair Associate Wicars: Revd Jeremy Bamber Page S
TRINITY CHURCH LEWES TRUSfEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Warden5: Mr Andrew White for St John SO & St Michael SM until 17 May 2023 Mr John Jardine for St Michael SM & St John SC Mr Trevor Meadows forstjohn SC & Stjohn SO until 17 May 2023 forstjohn SC & Stjohn SO from 17 May 2023 Mrs Sandra Denton Readers: Mr lan Graham retired 17 May 2023 Mr John Jardine Licensed Lay Worker: Deanery Synod Reps- Mrs Janette Watkins Mrs Anne Almond Mrs Amelia Murphy Mr lan Taplin Mrs Sharon Phillips Miss Biddie Mutter died 10 September 2023 until 17 May 2023 Mr William Telford from 17 May 2023 Elected Members: Dr Esi F. Appiah-Kusi Mr Jonathan Hunter ntil 2025 until 2025 Mrjonathan Lamb until 2025 Mrs Hen Parkyns until 2025 Mrs Rosalind Toomey resigned 30 September 2023 until 2024 Mr Timothy Telford Mr Martin Pett Ljntil 2026 Mrs Annette Melville until 2026 Mr Gareth Jone5 until 2026 Co-opted Members: Non-voting observers Mr Williarn Telford until elected a5 deanery synod rep 17 May 2023 Safeguardin8 until 17 May 2023 from 17 May 2023 PCC Secretary Mrs Jane Lee Carol Taplin Mr Timothy Chamian The Standing Committee and the Staff team are detailed below.. 5tandlng Commlttee: This is the only committee required by law. It meets as needed and it is accountable to the PCC. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the full PCC. The Finance and Remuneration Committee IFRCI oversees the general financial dimension of the work of TRINITY by monitoring income and expenditure, budgetin& and establishing and reviewing appropriate financial Controls. The FRC is accountable to the PCC. and it works closely with the Rector. The Treasurer deals with the operational aspects of all income and expenditure and co-ordinates the Stewardship of money through planned giving. For 2023 the Standing Committee comprised: Revd Anita Colpus Mrs Amelia Murphy Chair Treasurer. standing committee member from 191512022 Page 6
TRINITY CHURCH LEWES TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Mr Andrew White Warden until 17 May 2023 Mr John Jardine Warden Mr Trevor Meadows Warden until 17 May 2023 Mrs Sandra Denton Warden from 17 May 2023 Trustee died 10 September 2023 Trustee until 17 May 2023 from 17 May 2023 from 14 September 2023 Mr lan Taplin MrfimothyTelford Mr William Telford Mrs Janette Watkins stsff team.. The Staff team comprises the leaders of key rnlnistry areas of the church who work under the Re¢rorfs delegated responsibility. The close working of ordained staff. ministryteams and the PCC is a key strength of the way TRINITY works. It provides important°thecks and balances" on decision Maki facilitatesgreater communication between those that determine stratebry and poliry arml those that serve the churcb in practical ways. It also allows for easier separation of duties according to gifts. Responslbllhles of the PCC members Charity law requires the PCC to prepare financial statements for eath financial year which give a true and fair view of the state of affairs of the Church as at the balance sheet date and of its incoming resources and application of resources including income and expenditurefor the financial year. In preparingthose finandal statements, the PCC is required to: select Suitable accounting policies and then applythem consistently: and make jtsdgments and estimates that are reasonable and prudent- and state whether applicable accounting standard5 have been followed, subject to any material departures disclosed and explained in the linarKial statements: and prepare the financial statements on the going conrn basis unless it is inappropriate to assume that the Church will tontinue on that basls. The PCC is responsible for maintaining proper accounting records which dithse with reasonable accuracy at anv time the financial position of the Church arbd to enable them to ensure that the financial statements comply with the Charities Act 2011. They are 8150 responsible for safeguarding the assets of the Church and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This Trustees, Annual Report was approved by the PCC and signed on their behalf by The Revd Anita Colpus. PCC Chair Dated: 25 April 2024 Page 7
TRINITY CHURCH LEWES STATEMENT OF FINANCIAL ACTNMES For the Year ended 3tst December 2023 Unrestricted Furhd5 Endowment Furhds Restricted Funds TOTAL 2023 FUNDS 2022 Nole IrKoffle from: Donations and le8acle5 Charitable activities Other trading activities Investments Other 303546 SS.409 32.461 21.473 324 13.024 22.260 316.570 77.669 32.461 21.473 324 439.799 93.872 25,566 10.307 483 TOTAL INCOME 413.213 35.284 448,497 570,027 Expendtture M: Other trading auivltles Charbtsble activities 10.455 427.160 10,455 464.947 6.281 441.367 37,787 TOTAL EXPENDITURE 437,615 37,787 475,402 447.648 Net gainslllossesl on investments 19 4.987 737 5.724 18,1001 NET INCOMEIIEXPENDITURE) 119,4151 12.5031 737 121.1811 114,279 Transfeis between funds NET MOVEMENT IN FUNDS 119.4151 115031 737 121,1811 114,279 Re£ondllatlon of Funds Fund Balances brought forward at 1st January 2023 24 L047.LVJ 38377 1,093.280 979.Crfll BALANCES CARRIED FORWARD AT 31st DECEMBER 2023 24 1,027,654 35.874 8,571 1.072.099 1.093,280
TRINITY CHURCH LEWES BALANCE SHEET AS AT 3tst DECEMBER 2023 2023 2022 Note FIXED ASSETS Tangible Investments 495,077 66.102 495,583 60.378 19 CURRENT ASSETS Stocks Debtors Short term deposits Cash at bank and in hand 20 21 42.663 429.419 51.886 525.168 35,181 440,321 83,344 560,294 LIABILITIES: AMOUNTS FAWNG OUE WITHIN ONE YEAR 14.248 22,975 NET CURRENT ASSETSIILIABIUTIESI 510.920 537.319 TOTALASSEfs LESSCURRENT UABILrnES 1.072.099 1.093,280 TOTAL NET ASSETS L072.099 1.093,280 FUNDS Unrestrlcted Restriaed Endowmeni 25 26 27 1.027,654 35.874 8.571 1.047,069 38.377 7.834 24 1.072,099 1.093,280 Approved bythÈ Parochlal Church Council on 25 Apr•1 2024 and signed on its behalf by:_ (rreasurÈrl {Chalrl The notes on pages 11 to 20 fomi part of these accounts. Page 9
TRINITY CHURCH LEWES STATEMENT OF CASH FLOWS For the Year ended 3tst Oecember 2023 2023 2022 Cash from operat1 artmtles Netcosh providedtylusedinj opemtlng artinitles 163m3} 121,403 Cash flows from In¥esttre aal¥ltles Interest aTrJ rent received Proceedsfrom the sale of flxed assets Purchase of property and equipment Netcoshprovided bylusedyn) invesbngoctivfties 2L473 10.307 21.473 10,307 Cash flow5 from flnTr8 artl¥llles Repayments of knrrowing Nerc05hprovidedlJylusedin Jfvanring ortiwties Charrfe In ush and $h equlvalents lTrthev 142.3EiII 131.710 Cash and cash equNalents at the beRinni of the year 523.665 391,955 Cash and ¢•sh eqUalents atthe end of the year INote221 481.305 523.665 RECONauAnON NINc<v(EKPEN0IlVAf] TONETCASH FLOW FROM OPERAllMG AcrnimES Net In¢le/lPlel forthe year la5 perthe Statementof Financial Arti¥ltlE51 121.ts11 Ild,279 Affjustmthts for. IGainslllosses on In¥estrnents Interest and rent received Oepreciatlon ¢har8es Profit on sale of fix assets Ilncreaselldecrease In stocks Ilncreasellde¢rease in debtor5 Incieaselldetreasel in tdItorS 15.7241 121,4731 &ic 110.3071 248 17.4821 18.7271 16091 19,Zl61 18.956 {42.6521 7,124 Net cash pYo¥lded ty Iu5ed In) operatlr¥tadl4ld {63W31 121,403 The notes on page$ 11 to 20 fom) part 0fth xwjnts. Pa8EIO
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 ACCOUNnNG POLiaES Ila) Bas15 of Preparlon The PCC Is a publit benefit èntity within thè Mèan1 of FRS102. Thè financial ststements have been prepared under the Charities Act 2011 and the Churth Accounting Regulaiions 26. in actordancè wlth applicable accountln8 standards and the current Statement of Recommended Practice.. Accounting and Reportlng by Chartties, ISORP IFRS 10211. The financial ateMentS have been prepared underthe historical tost converrtlon as modified by the inclusion of investments at market value. The financial statements indude all the transactions. assets and liabilttiès fty which the PCC is responsible in law. They do not indude the arcounts of church groups that owe their affiliatk)n to anothw body. nor those which are informal 8athèriw of churth mmbtrs. Ilbl Funds Funds hèld bythe PCC are-. Unrestrlctedfunds general funds that can be vsed fcff PCC dInary purys. Designatedfunds monies set aside by the PCC 4)ut ol unrestrKted funds for speclfk future purposes or projects. Restrirtedfvnds {al intomt fr¢m trusts or eftd0nts that may be expended cfflly on those restrlcted objects provided In the tefms of the trust of twuest. and Ibl donations or8rants re¢esved for a specifK object or invited by the PCC for a specific object. The funds may only be expended on the splfi¢ obiert for whith they were given. Any b&ance remaining unspent at the end of èach year must be carrd forward as a balancè on that fund. The PCC does not usualty Invest separately for eath fund. Endowmentfvnds lunds the tapitsl of whKh must be maintained: onty income arising from Investment of the owmènt may be used elther as restitted or unrèstricted fvnds depending upon the purpose (or whkh the endowment was establlshed. The PCC may have the power to ¢on¥ert certain eThJowment funds into expendable income: such funds are known as expendable tnd¢)wmènts. Ilcl Income aNI Endowments All income and endowments. accounted for withoUtdedtion fw any ¢t5 of re¢eNabillty. are recognised when thère is èVideQ of entitlemèni, receipt is probable, and thè amount tan measured reliab. Ildl Donallons orn1 Le4a&s Collertions are recognised whÈn rèteived. Plunned glvlng recelvoble Is reeognlsed thefe Is evidence of entltlemeni recelpt Is probable. and the amount accords with the Gift Aid de¢laration or other record of intention to donate. Giftuidrecovered is re(niSed when the income to whKh rt 15 attac1 15 recogni5ed. Gronts ond legocies are recognised when the fLvmal offer in t*rItI of the ffund1 is reCed by the PCC. Ilel charltable A¢tl¥ltle5. TTadlnÉ and all Other Inqjme StotutoryAees for weddings and funerals are recognised when the offTrce occurs. Rentsfrom property are recognised in accordan with the rental agreements. when receipt is probable. Troding grtivitses are where inccffie is receivab in return for sellin8 Bood5 or wovidin8 seryices, includin8 short term rental of thurch buildings. Income from trading is reC&Ised wen receivab. P4Jjustments are made at the year end to defer Income Investment Income Dlvldends are accounted for when due ab)d payable. Interest eemerrtS are accounted for as tw accrue. Ilgl Galns and Losses on Investments Realised gains are recognised when the investments are sold. Unrealised gains and105se5 are ac¢ounted for on rthluation at 31st December. Page li
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENT5 for the year ended 31 December 2023 ACCOUNTING POUCIES IContlnued> ilhl EMpend6tsre Expendlture Is recognlsed when tkre 15 evidence of entilknenL payment is wobable. and the amount can be measured reliablv. Grnnts Grants and thinatlons a accounted forwhen pald ¢>ver. tywhen awarded where the award creates a binEing obligatlon on the pcc. ilj'l Ch•rltabl• Acllvlths The dw)ce5an parish ¢Mtribution is acc(yJnted fLV on an annual basis, reflert1 the allocation set by our Deanery. Ilk) FIX Ass1ts Tt7ng1blefedosSets. Consècratèd and benèfKèd property of any ki1 is exduded from the acccwnts by s.10(21 of the Charities Act 2011. IAovable church furnishinÈs held by the Vicar and Chufchwardens ¢)n special trust for the PCC. and whith requlre a facuityfor dlsposal, are a¢counied for a5 inalienalAe Fryerty unless consecrated. are listed in the thurch's inventory which can be Inspected are not included in the financial statements. For Inallènable propèrty acquired priw to 2CKK). there is insuffKient cost InfomwKsn available and theTefore such assets are not valued In the finartial statements. Individual items acquired slnce tstjanuary 20) have been capitalised in the financial statements and deweciated ¢)ver the•r usefvl economic life. All ÈxpÈnditure incurred in the year on consecrated or beneficed bulkling$. individual item5 Costlng under £IO,OLXJ or on the rèpair of mov2 church furnishi$ acquired before 1st January 2000 is wrrtten off. Freehold land and bulldlbyds are valued * 1&in?1 cosL if known. or at valuat)n made after 2015. DeprecTration Is calculated to write down the cost of t•te fixed assets. exdudingfreehold pr¢Jpertie& over their experted useful Ilves. The rate generalty applicable 1$ 25% on the reducing balan basi No depreciation is prmled on freehold bulld1 asthe usehl ec(momic lrfe of these assets exceeds SO years and rèsidual values are 50 high that wtential depreciat would be immaterrdl. 11 is the PCC'S poliry to maintain these assets In a contlnual state of sound repair. Resuhiry from re8vlar irnpairment les. provlsion wlll be made If there has been any permanent dlminutlon in value. Investments.. Investments are valued at market value at 31st December. ill) stocks Stocks are Included at the lower of cost and tw iealisable value. INCOME FROM DONATIONSAND LEGACIES UNestritted RestrKted Endowment Funds Fund5 Funds TOTAL 2023 TOTAL 2022 Donations and legacies Planned givin8 Colltrtions (open platel Speclal collectlons Donations Gift aid tax daimed Grants received- notÈ 3 Legacies Total 222275 7.727 224,362 7.799 1,673 34.133 47,603 225,705 5.273 14,388 39.690 52.168 14.043 106,618 439,799 72 1.673 9.114 78 25.019 47.525 303.546 13.024 316.570 Page 12
TRINITY CHURCH LEWES NOTES TO THE FINANaAL STATEMENTS for the year ended 31 December 2023 Unrestrirted Restricted Endowment Funds Funts Funds TOTAL 2023 TOTAL 2022 GRANTS RECEIVED Chithester Diocese (Chae1 Trusts) Chithester Dioose 14,7431 700 14.0431 INCOME FROM CHARrrABLE ACTivmES 41al Parish servicès Parochlal Fees Intome retsined 3A28 3,428 428 41bl Missional activityes Café 12131 sohover Counsellin8 Lewes Sings Gospel Mondayaub Chlldren's activities Youth activitie5 Adult artivitie5 Gaming café 28.648 39,741 16.%5 12,948 4,960 3.908 13.270 13,270 15,698 3,070 3,729 15.698 3.070 3.729 3.902 5320 9.822 8,011 2.425 93,444 51.981 22.260 74,241 TOTAL 55.409 22.260 77.669 93,872 INCOME FROM OTHER TRADING ACTiiimES Letting of prèmises 32.461 32,461 25,566 INCOME FROM INVESTMENTS Income from investment property DIdendS and Interest re¢ei¥ed 4,SCKS 16,973 21,473 16.973 21.473 4,307 10,307 OTHER INCOME Mlscellaneous Income 324 324 483 EXPENDITURE ON OTHER TRADING ACrnIITIES Lettlng of premlses IOA55 10.455 6,281 P13
TRINITY CHURCH LEWES NOTES TO THE FINANaAL STATEMENTS for the year ended 31 December 2023 Unrestricted Restricted Endowment Fund5 Funds Fund5 TOTAL 2023 TOTAL 2022 EXPENDITURE ON OIARITABLE AcfiviTIES Mlnlstry costs Missionary and charitable giving Costs of mi55ional activities Fabrlc costs Support costs Governance costs io li 12 208.672 31.730 S2 87.208 35.936 814 427.160 208,672 39,573 92,657 87.244 35,987 814 464,947 197.912 44.198 98.586 64.513 35.211 7,843 29.857 14 si 37.787 441,367 10 MINISTRY COSTS Diocesan Parlsh Contrlbut5on Ministerial staff costs Ministerial staff expenses Accommodatlon costs Glfts and honorwla C05t of services 141.148 46.158 2.750 I114 141.148 46.158 2.750 IIX114 946 6,656 208.672 78,316 99.037 3.6 9,833 6,656 208,672 7.036 197,912 11 MISSIONARY AND CHARITABLE 13VING Pearls of Grace Open Hands SIM UK fÈ in Abundance UK Bible Socièty Tear Fund Crawley Prison Felowship Trust Fund Pastoral 8eathy Head Chaal¢V Wydlffè Frieryls of Byumba Trust {Harvestl Farr¥ly Support Work Amos Trust A Rha Homelink Ichrlstmasl Chil(tren'5 Society IChrislmJ51 Others under £1. 4.115 4.115 i.soo 3,5 1,000 2,000 1,000 1.070 2260 2260 3,5C 35LK) 9,483 3,5 2.115 i.srxj 528 242 4.813 iiis 1.393 249 8.095 5.583 31.730 7W3 39,573 44,198 12 COSTS OF MISSIONALAcfMTIE5 Café 12131- Staff costs Caié 12131. Other costs Southover CounsellTrn8 LÈwès Sines Gospel Gamln8 Café Monday Club Children'5 miru5tries Creation Care Youth ministries Adult ministries 24514 14399 24,514 14.999 20,667 ,178 29,029 14.320 14.991 13.279 2,519 2,768 lo7 13.178 3317 3.317 3.122 3.122 38 10,635 8,407 98.586 176 6.811 62.8(Kl 176 12,684 92,657 5,873 29.857 Page 14
TRINITY CHURQI LEWES NOTES TO THE FINANaALSTATEMENTS for the year ended 31 December 2023 13 FABRIC COSTS Vnrertrirted Re5trirted Endowment Fd5 Funds Funds TOTAL 2023 TOTAL2022 Repair5 and maintenance utilities Cleaning and housekeeplng Caretaklng Other property ex4Jenses Insurance Depreciation 37.236 24.179 9.425 37,236 24.179 9A25 IS,545 26,923 8.022 1.200 2.832 9,791 3.833 11.128 507 87.208 36 3A69 11,128 507 87244 36 64.513 14 SUPPORT COSTS stsff costs offlce costs Equipment purcha Training Recrultment Bank charges Payroll services other expensès 11.394 9,564 10.422 l.443 11,394 9,564 10.422 1.443 8A21 9,903 4,953 447 1343 51 1.394 1,777 4,716 3,154 35.211 370 35.936 370 35.987 si 15 GOVERNANCE COSTS IndÈpÈndènt examlnèr PCC costs 234 814 234 814 149 947 TOTAL 2023 TOTAL 2022 16 STAFF COST5 Wa8e5 and salaries Social seojrity costs Employer'5 contribution to defined ctrIbUtion wision xhemes Other forms of employee benefft 91,299 12.6781 765 8,091 97.477 105,069 17071 L534 11.205 117.101 Included In wages and salaries is £012022- £6,413) oftemilnation pawnents12022 rèlated to th• redundanty of thè Assotiatè Minister, ofwhich £3,059 was exfratia.) Average number of staff employed Number of employee5 who recei1 emoluments in ex¢e5s of £60.(UI The Reclor and the Associate Vicar are ernOyed by the Diocese not Induded l*re. No remuneration was paid to ary rnember of the Pccfortheir duties as PCC mèmbers. All rernuneran derives from their employment within TRINITY. Page 15
TRINITY CHURCH LEWES NOTES TO THE FINANaALSTATEMENTS for the year ended 31 DecÈmber 2023 Remuneration was paid to the following PCC membeT5 arnl d05e family memLws during the year. J Watkins (Postoral Ministerl- £12.77412022- £12.5321 W Telford ITreasurerl- £11.55812022-£8,821 from 14 Marth 2022.1 R Colpus (Bookings Administrator) husband of the Rertor-£1039812022- £6.281 from 23 March 2022.1 T Telford Iyouth Minister) £23.774 from l May 2023.1 R Colpus I Part-time barista) daughter of the Rettor- £270 from I September 2023. 17 RELATED PARfiTRANSAcfioNS No member of PCC Incurred expenses in rdation to their rote as tntee$. Employees. including trustees and their dose famity members. incurred expenses M behalf ofTRINITY, forwhich they were reimbursed. It is impraeticaLle to complrte the amount. The following PCC members had links With TRINrtY •AiSSi Partners that received grants during the year."- l Taplin and T Meadows were trustees of the charity Open Hands. T Meadow5 is the tsther of L 8uyinza IPearl of Grace Mlsslonl. J Lamb was an employee ol Love In Abundance UK until 30 April 2023 and became an èmployee of 3th¥ Hèad Chaplaincv Trust onl May 2023. S Phillips is a trusteè of Family Support Work R Toomey is a trustee of H¢)melink. Oetails of the glfts made during the year are iluded in notÈ 9. In attordarte ¥Ath best practko none of the trustees wèrè diiedy involved in making the fvnding decisions relevant totheir charitie& A total of £949 (2022-E9281 was pald to the c£thpany Tech Medic Ltd for IT support during the year. Thot company 15 run by S 8amber, the son of Revd. J Bamber IPCC memberl. 18 TANGIBLE FIXED ASSEYS Freehold la land A*.0S113l and IxJildin85 TOTAL C05t or valuatlon.. At 1st january 2023 Additions - See liiil below Disposals - See livl beh)w At 31st De¢ember 2023 425AS1 67.726 31.686 525,263 425,851 67,726 31,686 525,263 DeprlatIOn . At 1st january 2023 Char8e for the year Oisposals At 31st De¢ember 2023 29.680 29.680 506 30.186 30.186 Net book amounts At 31st December 2023 425,851 67.726 495.077 At31stDe¢ember2022 425J51 67.726 495583 The Ireehold land a1 buildin85 compri5e:_ Church End. I Cockshut Road {histoii¢al valuel Trinity 5th0¥er Church Hall (historical valuel 222,5 203,351 425.851 Page 16
TRINrrY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 The leasehold land and lyJildin8s comprise:. 43 Winterboume Lod8e. Lewes 67,726 111 No recent valuation of Church End. I Cockshut Road has been carried (*JL lill No recent valuation of Trinity South)ver Churth Hall has been carried OUL liiil Trinity purchased a one-third share of the lease of the ledeMIal property43 Winterbourne Lodge in February 2021. The property was purchased a5 a llernent 1me for the missionary Miss Christine An8ell. The lease is shared with The Whitefield Christian Trust and Miss An8ell. 19 INVESTMENT ASSETS Unrestritted Erthwrnent Ft•nd5 Funds TOTAL Z023 TOTAL 2022 uoted Investments Market value at 1st January 2023 Addilionslldisposalsl Loss on disposal Revaluatlon gainslllossesl 52.544 60,378 68,478 4.987 737 5,724 18,1001 Market value at 31st December 2023 57531 8,571 66,102 60,378 At 31st December 2023. the market valves of indi¥Sdual hokllngswere as foll(rws:_ 2023 2022 CBF Investment Fund 2924.17 units 66,102 60378 66,102 60,378 20 STOCK Comwises fotxl st(Kk held at Café 12131. 21 OEBTORS 2023 2022 Recoverable Glft Ald Debtors Chantd Trust dèbtor Prèpayments and attrued Income 30.325 5.083 22,297 2.599 4.808 5,477 35,181 7.255 42,663 22 CASH AND CASH EQUIVALENTS 2023 2022 Short term deposits- no notice required Bank current accounts Cash in hand 429,419 49,165 2,721 481,305 440,321 81.592 1.752 523,665 23 UABIUTIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2021 Creditors for 8oods and servkes Accruals of utility and other ¢05ts 5,281 8.967 14,248 6,152 16%23 22,975 Page 17
TRINrrY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 24 ANALYSIS OF NET ASSETS BY FUND Unresirltted Restrlcted Erthwment Fund5 Funds FuThts TOTAL Tangible fixed assets Investment assets CUrnt assets Current Ilabilities 495.077 57.531 485.688 110.6421 495.077 66.102 525.168 114.2481 8571 39.480 13.6061 Fund Balances 1.027.654 35.874 8.571 1.072,099 25 UNRESTrICfEO FUNOS Balanceat 1st. Januav 2023 Balance at 31st December 2023 Movements in Resources Incoming Out8Oif Transfprs Gains I ILo55esl General Fund Designated Funds:_ Capital Reserve 1.019.457 413.213 437.615 I20.L) 4,987 980A)42 27.612 1,047.069 47,612 1x127,654 413.213 437,615 4,987 26 RESTRicfED FUND5 BalarKe at 1st. January 2023 As f*stattd Balance at 31st December 2023 Moyements in Resourtes Woin8 Transfer5 Gains Agency Fund Creation Care Downlands Fund Landport Projert Missitin Fund Monday Club Organ Restoration Ormerod Fund Rose Memorial Fund Southover Community Ca Southover CounsellinB Trlnlty for Men Trinity Women Trust Fund Pastoral 1,943 Iy3 2,729 2.729 666 1.017 1.017 6.523 581 1.661 176 1.292 10242 2,350 1.612 9.528 38.377 3.070 3.317 6.276 581 1.661 140 1.460 8.620 2.322 1,684 8.718 35.874 36 19,045 4.768 12 1.450 35.284 20.667 4.796 1.128 2260 37,787 The restricted funds generalty comprse donations and grants re(ew fora spedfi¢ obied or irmted by the PCC for speci oblect. Restritted funds are not invested separatelyor permanentty but are to be spent withln a reasonable time. Pw18
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL sfATEMENTS for the year ended 31 DeCeMr 2023 The funds for Creatiork Care. Monday aub. Southo¥Èr cnSÈlI1n& Trlnlty for Men and Trlnlty Women represent net IKame of missional aaivits of groups which have been gNen speafKally for such purkh)ses or where the PCC has determined that the surplus should be appld onfOr su¢h arti¥itie> The Mission and A8èncy Funds art used to tollèct 8tfts madè bychurch membersfor forwarding to Mission prayer partners and other thlrd parties respectwefy. Thè Trust Fund Pastoral and The Downlands Fund have been estsblished to provide help for the p¢xJr and the needy of the Parish. The Trust fund can bè applied throughout the parish Lwt the Dowrtlands Fund can only be 4tsed within St John sub Castro. The Landport Fund was ÈstablishÈd to supportTRINrrY mlssion wrthln iandpcrt The Ckgan Restorati¢m Fund. the (knwod Fund and Rtm Memorial Garden fvnd were established to malntain spe¢ifi¢ facilities within the church and grounds of St John sub Castro. 27 ENOOWMENT FUNDS Balance at 1st. January 2023 Balance at 31st December 2023 m0vennts in Gains/ (Lossesl Intt)min8 (t8nI T13ferS CurreylRickman/Brefr 7A34 7A34 737 737 8.571 8,571 The endowment funds represent the remaining assets Eiven the Currey. Rickman and BrefFitt families. P19
28 PRIOR YEARSTATEMENT IX FINAMCIAiKni STATEMENT OF FINANaAL AcfiviTIES For the Year ended 31st December 2022 En(knwmeN TOTAL FLrnds zozz Income endowme5 Irom: Donations and legacies Charitsble activities Other iradln8 arti¥itles Investmems Other 422.IXII 67.656 25.566 IOA07 17.798 28255 439.799 95.911 25.566 10.307 317,420 51.682 15,594 8.231 291.Z22 TOTAL INCOME 526.013 46M53 572,066 684,149 EMpendltyr• on: Other trading aciivlties Charltable aL1ivities 6.281 •n.025 6281 443.406 42.381 452.238 TOTAL EXPENDMJRE 40731 43,381 449.687 452.238 Net8*nsllhJsses1 on intmentS 19 I755} 11,0451 18.IC#)I 8.$70 NEfiNCOMEIIEXPENDrruAfl 111.652 3,672 I145) 114,279 240,481 Transfers between funds NETMOVEMENTIN FUNDS 111.652 3.672 11,04SI 114.279 240,481 Retondllatlon olFund5 Fund Balances broughi fgrward al lstjawary 2022 935A17 8.879 979,001 757,680 BALANCES CARRIEO FORWARD AT 315t DECEMBER 1022 1.017.IA9 38.377 7.834 1.093.280 998.1fj1 Page20
114DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINrrY CHURCH LEWE5 IRe8iStered Charity Number 11315261 I report to the charity trUeeS on my examination of the accounts of the charity for the yeèr ended 31 December 2023 which are set out on pages 8 to 20. ResponslbSlltles and basls of rePt As the charity's trustees you are reswnsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Acy). I report in respect of my examination of the charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under Section 14515}Ib) of Ad. Independent examlner's ststement Since the charity's gr055 income exceeded £250.OCKI 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 I am a member of the In5titule of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I confimi that no material matters have co to my attention in connection with the exarninatioTr giving rne cause io believe that in any material SPect. the accounting records were not kept in respett of the charity as required by section 130 of the Charitles Act,. or the accounts did not accord with those records; or the a¢counts did not cornp with the applicable requirements concerning the form and content of account5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair VI which is rK>t a matter considered as part of an independent examination. I have no concerns and have come across ott*r 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.. 614¢a¢ Caroline aarke ACA 66 High Street Lewes BN7 IXG Dote.. 25Apr112024 Pale 21