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2022-12-31-accounts

Charity number: 1131965

HOLY TRINITY CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

HOLY TRINITY CHURCH

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 24

HOLY TRINITY CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees Rev Martin Henwood Barbara Withstandley Caroline Henwood (resigned 1 April 2022) Carole Clausen Graeme Jefferson Alan Gregory Gloria Dillion-White Peter Vale (resigned 1 December 2022) Anne Harris Chris Chapman Abimbola Owolabi (resigned 1 April 2022) June Dance (resigned 1 August 2022) Peter Aikenhead (resigned 1 July 2022) Michael Whitelegg Paul Ettinger (appointed 1 April 2022)

Charity registered number 1131965 Accountants Hedley Dunk Limited Chartered Accountants Trinity House 3 Bullace Lane Dartford Kent DA1 1BB

Page 1

HOLY TRINITY CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Dartford for the 1 January 2022 to 31 December 2022.

Objectives and activities

a. Policies and objectives

The PCC's primary duty, as defined in section 2(a) of the Parochial Church Council's (Powers Measure) 1956 is to co-operate with the incumbent or priest in charge in (inter alia) promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.

b. Strategies for achieving objectives

  1. Worship of God.

  2. 2 Witness of the congregation.

3 Stewardship of resources.

4 Services to the community.

Achievements and performance

a. Review of activities

  1. The PCC’s leadership and awareness skills were developed using the Belbin profile and the PCC adopted the following strap line “Holy Trinity, where life and faith interact”.

  2. The PCC were unsuccessful in their appeal to the Financial Ombudsman over the EIO’s non-payment for Covid disruption.

  3. The Cafe and Nursery continue to go from strength to strength and their staff are a great shop window for us. 4. Worship continues to be provided online as well as in church and a more professional platform has been adopted.

  4. Quinquennial Inspection for 2022 has been carried out with only minor repairs highlighted for repair in the next 5 years.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

It is the policy of the Charity to work towards maintaining unrestricted funds, which are the free reserves of the charity, at a level which equates to six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time.

Page 2

HOLY TRINITY CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' 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 which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the . 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.

Approved by order of the members of the board of Trustees on 30 April 2023 and signed on their behalf by:

Approved by order of the members of the board of Trustees on 30 April 2023 and signed on their
................................................
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2.		 ................................................
Gloria Dillion-White Martin Henwood
Trustee Trustee

Page 3

HOLY TRINITY CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent examiner's report to the Trustees of Holy Trinity Church ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022.

Responsibilities and basis of report

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

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination 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 2011 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 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: Dated: 30 April 2023 Jack Fryer ACA Hedley Dunk Dartford

Page 4

HOLY TRINITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income and
endowments from:
Donations and
legacies
3
Other trading activities
4
Investments
5
Other income
Total income and
endowments
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income before
net (losses)/gains on
investments
Net (losses)/gains on
investments
Net
(expenditure)/incom
e
Transfers between
funds
16
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in
funds
Total funds carried
forward		 Endowment
funds
2022
£
-
-
-
-
-
-
-
-
-
(60,818)
(60,818)
-
(60,818)
518,951
(60,818)
458,133		 Restricted
funds
2022
£
-
-
13,196
-
13,196
-
2,386
2,386
10,810
-
10,810
(3,300)
7,510
83,353
7,510
90,863		 Unrestricted
funds
2022
£
34,972
45,024
48,980
1,445
130,421
18,887
92,161
111,048
19,373
-
19,373
3,300
22,673
1,049,039
22,673
1,071,712		 Total
funds
2022
£
34,972
45,024
62,176
1,445
143,617
18,887
94,547
113,434
30,183
(60,818)
(30,635)
-
(30,635)
1,651,343
(30,635)
1,620,708		 Total
funds
2021
£
190,606
49,851
45,072
245
285,774
19,413
138,584
157,997
127,777
65,239
193,016
-
193,016
1,458,327
193,016
1,651,343

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 7 to 24 form part of these financial statements.

Page 5

HOLY TRINITY CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
11
Investments
13
Investment property
12
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Endowment funds
16
Restricted funds
16
Unrestricted funds
16
Total funds		 25,852
400,306
426,158
(5,273)		 2022
£
36,690
458,133
705,000
1,199,823
420,885
1,620,708
1,620,708
1,620,708
458,133
90,863
1,071,712
1,620,708		 17,812
373,651
391,463
(4,219)		 2021
£
40,148
518,951
705,000
1,264,099
387,244
1,651,343
1,651,343
1,651,343
518,951
83,353
1,049,039
1,651,343

The financial statements were approved and authorised for issue by the Trustees on 30 April 2023 and signed on their behalf by:

................................................ ................................................
Gloria Dillion-White Martin Henwood
Trustee Trustee

The notes on pages 7 to 24 form part of these financial statements.

Page 6

HOLY TRINITY CHURCH

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

1. General information

Holy Trinty Church is an unincorporated charity, it is registered with the Charities Commission under number 1131965, the address of the principle place of business is Holy Trinity Church, High Street, Dartford, Kent, DA1 1DE.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The 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 the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Holy Trinity Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 7

HOLY TRINITY CHURCH

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

2. Accounting policies (continued)

2.3 Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 8

HOLY TRINITY CHURCH

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

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 9

HOLY TRINITY CHURCH

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

3. Income from donations and legacies

Donations
Legacies
Donations
Legacies		 Unrestricted
funds
2022
£
34,947
25
34,972
Unrestricted
funds
2021
£
27,832
162,774
190,606		 Total
funds
2022
£
34,947
25
34,972
Total
funds
2021
£
27,832
162,774
190,606

4. Income from other trading activities Income from non charitable trading activities

Cafe
Lettings
Fees from funerals, weddings and services
Cafe
Lettings
Fees from funerals, weddings and services		 Unrestricted
funds
2022
£
18,095
21,054
5,875
45,024
Unrestricted
funds
2021
£
14,808
24,321
10,722
49,851		 Total
funds
2022
£
18,095
21,054
5,875
45,024
Total
funds
2021
£
14,808
24,321
10,722
49,851

Page 10

HOLY TRINITY CHURCH

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

5. Investment income

Local investment properties
Interest receivable
Saxby Fenton Fund
Local investment properties
Interest receivable
Saxby Fenton Fund		 Restricted
funds
2022
£
-
-
13,196
13,196
Restricted
funds
2021
£
-
-
13,332
13,332		 Unrestricted
funds
2022
£
47,240
1,740
-
48,980
Unrestricted
funds
2021
£
31,329
411
-
31,740		 Total
funds
2022
£
47,240
1,740
13,196
62,176
Total
funds
2021
£
31,329
411
13,332
45,072

Page 11

HOLY TRINITY CHURCH

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

6. Expenditure on raising funds

Costs of raising income

Property expenses
Property expenses		 Unrestricted
funds
2022
£
18,887
Unrestricted
funds
2021
£
19,413		 Total
funds
2022
£
18,887
Total
funds
2021
£
19,413

Page 12

HOLY TRINITY CHURCH

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

7. Analysis of expenditure on charitable activities

Summary by fund type

Church & Services
Building Maintenance
Diocesan Ministry
Church & Services
Building Maintenance
Diocesan Ministry		 Restricted
funds
2022
£
2,386
-
-
2,386
Restricted
funds
2021
£
2,386
-
-
2,386		 Unrestricted
funds
2022
£
62,400
1,761
28,000
92,161
Unrestricted
funds
2021
£
74,174
35,024
27,000
136,198		 Total
funds
2022
£
64,786
1,761
28,000
94,547
Total
funds
2021
£
76,560
35,024
27,000
138,584

Page 13

HOLY TRINITY CHURCH

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

8. Analysis of expenditure by activities

Church & Services
Building Maintenance
Diocesan Ministry
Church & Services
Building Maintenance
Diocesan Ministry		 Activities
undertaken
directly
2022
£
64,786
1,761
28,000
94,547
Activities
undertaken
directly
2021
£
76,560
35,024
27,000
138,584		 Total
funds
2022
£
64,786
1,761
28,000
94,547
Total
funds
2021
£
76,560
35,024
27,000
138,584

Page 14

HOLY TRINITY CHURCH

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

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Depreciation
Accountancy fees
Light and heat
Insurance
Office costs
Trinity Resource Centre
Church building works
Other direct charitable expenditure
Music- Director/ Organists/ Advice
Diocesan ministry and shared costs
Vicar's expenses
PCC consultancy
Depreciation
Accountancy
Light and heat
Insurance
Office costs
Trinity Resource Centre
Church building works
Professional fees- Church building works
Other direct charitable expenditure
Music- Director/ Organists/ Advice
Diocesan ministry and shared costs
Vicar's expenses
Charitable giving
PCC consultancy		 Church &
Services
2022
£
3,458
3,654
6,240
7,391
3,004
3,589
-
4,371
28,483
-
3,696
900
64,786
Church &
Services
2021
£
3,458
3,499
5,699
7,173
3,278
10,725
-
-
3,292
26,499
-
5,237
5,000
2,700
76,560		 Building
Maintenance
2022
£
-
-
-
-
-
-
1,761
-
-
-
-
-
1,761
Building
Maintenance
2021
£
-
-
-
-
-
-
31,544
3,480
-
-
-
-
-
-
35,024		 Diocesan
Ministry
2022
£
-
-
-
-
-
-
-
-
-
28,000
-
-
28,000
Diocesan
Ministry
2021
£
-
-
-
-
-
-
-
-
-
-
27,000
-
-
-
27,000		 Total
funds
2022
£
3,458
3,654
6,240
7,391
3,004
3,589
1,761
4,371
28,483
28,000
3,696
900
94,547
Total
funds
2021
£
3,458
3,499
5,699
7,173
3,278
10,725
31,544
3,480
3,292
26,499
27,000
5,237
5,000
2,700
138,584

Page 15

HOLY TRINITY CHURCH

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

9. Independent examiner's remuneration

2022 2021
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 725 634
Fees payable to the Charity's independent examiner in respect of:
All other services not included above 725 725

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL).

11. Tangible fixed assets

Cost or valuation
At 1 January 2022
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Fixtures and
fittings
£
56,051
56,051
15,903
3,458
19,361
36,690
40,148

Page 16

HOLY TRINITY CHURCH

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

12. Investment property

Valuation
At 1 January 2022
At 31 December 2022		 Freehold
investment
property
£
705,000
705,000

The 2019 valuations were made by McConnells Dartford Surveyors and Valuers, on an open market value for existing use basis.

13. Fixed asset investments

Cost or valuation
At 1 January 2022
Revaluations
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Listed
investments
£
518,951
(60,818)
458,133
458,133
518,951

14. Debtors

Due within one year
Trade debtors
Other debtors
Tax recoverable		 2022
£
11,706
7,511
6,635
25,852		 2021
£
6,529
6,834
4,449
17,812

Page 17

HOLY TRINITY CHURCH

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

15. Creditors: Amounts falling due within one year

2022 2021
£ £
Accruals and deferred income 5,273 4,219

Page 18

HOLY TRINITY CHURCH

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

16. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Church & fabric
repair fund
Investment
property repair
fund
Church hall
repair fund
Church heating
fund
Cafe
depreciation
fund
Operational
reserve fund
Organ
replacement
Jean Crouch
legacy fund
General funds
General Funds
- all funds
Total
Unrestricted
funds
Endowment
funds
Saxby Fenton
Fund		 Balance at 1
January
2022
£
28,005
32,664
17,745
15,611
271
55,754
6,033
150,107
306,190
742,849
1,049,039
518,951		 Income
£
137
161
88
97
-
330
39
888
1,740
128,681
130,421
-		 Expenditure
£
-
(198)
-
-
-
-
-
-
(198)
(110,850)
(111,048)
-		 Transfers
in/out
£
-
2,000
3,625
2,375
-
-
1,500
-
9,500
(6,200)
3,300
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
(60,818)		 Balance at
31
December
2022
£
28,142
34,627
21,458
18,083
271
56,084
7,572
150,995
317,232
754,480
1,071,712
458,133

Restricted funds

Page 19

HOLY TRINITY CHURCH

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

16. Statement of funds (continued)

Statement of funds - current year (continued)

Saxby Fenton
Fund
Organ
depreciation
fund
Total of funds		 Balance at 1
January
2022
£
78,972
4,381
83,353
1,651,343		 Income
£
13,196
-
13,196
143,617		 Expenditure
£
-
(2,386)
(2,386)
(113,434)		 Transfers
in/out
£
(3,300)
-
(3,300)
-		 Gains/
(Losses)
£
-
-
-
(60,818)		 Balance at
31
December
2022
£
88,868
1,995
90,863
1,620,708

Page 20

HOLY TRINITY CHURCH

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

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Church & fabric
repair fund
Investment
property repair
fund
Church hall
repair fund
Church heating
fund
Cafe
depreciation
fund
Operational
reserve fund
Organ
replacement
Eric Duff
Legacy
Jean Crouch
legacy fund
General funds
General Funds
- all funds
Total
Unrestricted
funds
Endowment
funds
Saxby Fenton
Fund		 Balance at
1 January
2021
£
27,956
32,607
14,094
13,204
271
55,625
4,522
5,000
-
153,279
740,451
893,730
453,712		 Income
£
49
57
26
32
-
129
11
-
107
411
272,030
272,441
-		 Expenditure
£
-
-
-
-
-
-
-
-
-
-
(155,610)
(155,610)
-		 Transfers
in/out
£
-
-
3,625
2,375
-
-
1,500
(5,000)
150,000
152,500
(114,022)
38,478
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
65,239		 Balance at
31
December
2021
£
28,005
32,664
17,745
15,611
271
55,754
6,033
-
150,107
306,190
742,849
1,049,039
518,951

Page 21

HOLY TRINITY CHURCH

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

16. Statement of funds (continued)

Restricted
funds
Saxby Fenton
Fund
Organ
depreciation
fund		 104,118
6,767
110,885		 13,332
-
13,332		 -
(2,386)
(2,386)		 (38,478)
-
(38,478)		 -
-
-		 78,972
4,381
83,353

Church & Fabric Repair Fund - For repairs to the church and its fabric

Investment Property Repair Fund - For major repairs and maintenance of the investment properties held by the church.

Church Hall Repair Fund - For repairs to the church hall.

Church Heating Fund - For future renewal of heating system.

Cafe Depreciation Fund - For future Landlord responsibilities of the cafe.

Organ Replacement Fund - For future renewal of organ.

Saxby Fenton Fund - Interest accrued to be applied solely to the restoration and repairs of the church building and its fabric.

Partition Project - Activities associated with the raising of consciousness of the Partition of India in 1947 and authorised by any two of Martin Henwood, Michael Roden and Edward Probert.

Eric Duff Legacy - For general purposes. Some, as agreed, will go towards an amalgamation of creative silk flower permanent displays and new flower stands.

Jean Crouch Legacy - to be used for PCC activities and outreach

Page 22

HOLY TRINITY CHURCH

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

17. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers Gains/ December
2022 Income Expenditure in/out (Losses) 2022
£ £ £ £ £ £
Designated
funds 306,190 1,740 (198) 9,500 - 317,232
General funds 742,849 128,681 (110,850) (6,200) - 754,480
Endowment
funds 518,951 - - - (60,818) 458,133
Restricted
funds 83,353 13,196 (2,386) (3,300) - 90,863
1,651,343 143,617 (113,434) - (60,818) 1,620,708
Summary of funds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2021 Income Expenditure in/out (Losses) 2021
£ £ £ £ £ £
Designated
funds 153,279 411 - 152,500 - 306,190
General funds 740,451 272,030 (155,610) (114,022) - 742,849
Endowment
funds 453,712 - - - 65,239 518,951
Restricted
funds 110,885 13,332 (2,386) (38,478) - 83,353
1,458,327 285,773 (157,996) - 65,239 1,651,343

Page 23

HOLY TRINITY CHURCH

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

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Total		 Endowment
funds
2022
£
-
458,133
-
-
-
458,133		 Restricted
funds
2022
£
25,453
-
-
65,410
-
90,863		 Unrestricted
funds
2022
£
11,237
-
705,000
360,748
(5,273)
1,071,712		 Total
funds
2022
£
36,690
458,133
705,000
426,158
(5,273)
1,620,708

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Total		 Endowment
funds
2021
£
-
518,951
-
-
-
518,951		 Restricted
funds
2021
£
27,840
-
-
55,513
-
83,353		 Unrestricted
funds
2021
£
12,308
-
705,000
335,950
(4,219)
1,049,039		 Total
funds
2021
£
40,148
518,951
705,000
391,463
(4,219)
1,651,343

Page 24