**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 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.
5. 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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|
|---|---|
|................................................
/. U\\\. \�µ
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:
- Fixtures and fittings 20% straight line and 15 years straight line
## **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