Holy Trinity Platt Charity registration number: 1132532 The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Annual Report and Financial Statements for the Year Ended 31 December 2024 i. The Parothial Churth Coundl of the Ecdesiastical Parish of Holy Trfnlty. Rusholme known as Holy Trinity Platt PCC Contents Reference and Administrative Details Trustees. Report 2to19 ststement of Trustees. Responsibilities 20 Independent Examiner's Report 21 ststement of Financial Attivitie5 22 Balance Sheet 23 Cash Flow Statement 24 Notes to the Financial Statements 25to48 Photogrophs on the cover and on page 13 courtesy Chris Naylor 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of HOLY Trinity, Rusholme known as Holy Trinity PLatt pcc Reference and Administrative Details Charity Registration Number 1132532 Principal Office HOLY Trinity Church PLatt Lane Ru5holme Manchester M14 5NF Independent Examiner The Moffatt5 Partnership LLP Suite 1.1, First Floor Jackson House Sibson Road Sale M33 7RR Bankers NationaL Westminster Bank 699 Wilmslow Road Manchester M20 6NW CCL4 Investment Management One AngeL Lane London EC4R 3AB Page I 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the Ecclesiastical Parish of Holy Trinity, RushoLme known as HOLY Trinity PLatt PCC Trustees, Report The Pafochial Church Council membership during the year 2024 wa5: Ex-officio Members Elected Members Clergy Paul MathoLe, Rector Sarah Bradley, Associate Minister Sam Fould5, Associate Minister ffCQ Pete GaskeLI. NSM Jack Marsh, Curate Tim Wickham. Student Minister Abigail CoLlins Liz DeLves (from May 2024) Sophie Donnan Priscilla Francis (from May 2024) WILL Haynes (from May 2024) HeLen McGavin (until April 2024) Chris NayLor {untiL ApriL 2024) Zachary Rees (untiL April 2024) MicheLLe Simms David SincLair (from May 2024) Gindo TampuboLon (from May 2024) Stuart Turley (until ApriL 2024) Joy WaLker (until ApriL 2024) Licensed Lay Worker Debbie Jones Churchwardens Tim Horton Deborah Primrose Co-opted Members Nicci Duff Andrew Tan Diocesan Synod PhiLip Billson Deanerysynod PhiLip BilLson Lorraine Charles (PCC Secretary) Denis ColLigan Tim Horton Jez Robinson Page 2 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the EcclesiasticaL Parish of HOLY Trinity, Rusholme known as Holy Trinity PLatt pcc Trustees, Report The trustees present the annuaL report together with financial statements of the Charity for the year ended 31 December 2024. Parish Details This is the 2024 Annual Report and financial statements of the Parochial Church Council of the EcclesiasticaL Parish of HOLY Trinity, RushoLme. Holy Trinity Church PLatt Lane RushoLme Manchester M14 5NF in the Deanery of Manchester South and Stretford; Diocese of Manchester. The church is colLoquialLy known as 'Holy Trlnity Platt, or 'Platt'. The Parochial Church Council (PCC) is a corporate body e5tabLished by the Church of England. The PCC operates under the ParochiaL Church Council Powers Measure. In 2009, the PCC was registered with the Charity Commission (Registration No: 1132532). Accounts in the name of Holy Trinity PLatt pcc are heLd with National Westminster Bank and CBF Church of EngLand Deposit Fund, managed by CCL4 Investment ManagemenL l Angel Lane, London, EC4R 3AB. Average attendance at Sunday Services as measured by the October count for the 2024 census wa5 PLatt: 427 adults and 104 children and across the TCC churches: 89 aduLts and 32 children. This records the average number of peopLe physicalLy present at church services - Others joined these services remotely via livestream but are not incLuded in the average attendance data. Structure, Governance and Management The membership of the Parochial Church Council during the year 2024 15 shown on page 2. These members are the trustees of the charity. The method of appointment of PCC members is set out in the Church Representation Rule5, ALI Church attendees are encouraged to register on the ELettoraL ROLI and stand for election to the PCC. FolLowing the Registration of the PCC as a Charity, aLI PCC members receive a copy of the Guidance Document"Trusteeship.' An Introduction for PCC Members". Page 3 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Rusholme known as HOLY Trinity PLatt PCC Trustees. Report Ministry Team5 report into an Executive Leadership Team comprising the Rector, Churchwardens and Deputy Wardens. The Standing Committee appointed by the PCC consists of the Rector, Churchviardens. PCC Treasurer and PCC Secretary. During its regular discussions, the PCC evaluates the major risks to which it Is exposed e.g. financial, property- reLated, pastoraL etc. and ensures that the policies, procedures and systems are put in place to adequateLy manage those risks. The day-to-day management of the church activities is the responsibility of the Rettor. Aims and Purposes HOLY Trinity pktt PCC has the responsibility of co-operating with the Incumbent in promoting the whole mission of the Church, pastoral, evangelical and sociaL The PCC atso has specific responsibility for the maintenance of the church buildings. Our aims are set out in four prayers. We pray that if we are faithful in discipling and sending our congregation, and true to our stated vaLues, God will buiLd his kingdom in these ways: 2. A gro￿n9 number olthrlvlng, evangelical churches acmss our cty with trained and equipped members of Platt sent to serve in those churches identified and deveLoped leaders from Platt and beyond to resource them Platt itseLf as a robust healthy church in the Diocese, able to Sustsin and support this vision 2. Platt itsellas a hubfvr imaginrtive Christian outreach evidence of growth in workplace. university, schooL etc. ministries direct engagement with the parish in word and deed growing numbers of visitors each week, especiaLly as rnembers bring others increasing numbers of new Christians in aLI age groups internationals impacting their home communities with the gospel Page 4 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EccLesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity Platt pcc Trustees. Report 3. A congregation equipped and engagedfor wholehearted service by reading, knowing and teaching the Bible rightly so that we love Jesus more showing the fruit of the Spirit in Christ-Like behaviour and practical love for others reaLising our gifts from God, and his purpose for our daily Lives identifying and training future gospel workers depending on God in prayer 4. Resources thatlully support this ministy with a congregation committed to this work, moving into the area generous financial giving that enabLes this ministry to be sustainable a staff team of sufficient number and quaLity to spearhead this work sufficient and effectively trained lay Leaders effettive organisation and structures that can sUPPOrt this prograrnme welcoming and accessible buiLdings that are suitably equipped for this purpose We wish to draw each of the groups in our church within our purpose, vaLues and vision: chiLdren, teens, families, students and younger and older adults (singLe and married). We pray that everyone will feel known and vaLued within our church community and cornmit to Platt as their means of discipleship and their opportunity for service. Objertives and Artivities When planning our activities for the year, the Rector, Churchwardens and PCC have given due consideration to the Charity Commission's guidance on public benefit and, in particular. the specific guidance on charities for the advancement of religion. The foLlowing Key Objettives have been identified and agreed by the PCC: Regular public worship open to all Pastoral care, incLuding visiting the sick and bereaved Teaching Christianity via sermons, courses and small groups Promoting Christianity through events, meetings and by the distribution of literature Promoting the Mission of the Church by providing various groups with a Christian ethos including youth and chiLdren's groups. a parents & toddLer group and attivities for senior citizens Supporting other national and internationaL charities promoting the Christian faith Page 5 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EccLesiasticaL Parish of Holy Trinity, RushoLrne known as Holy Trinity PLatt pcc Trustees, Report Achievements & Performance Rector's introduction Paul Mathole l often say of Platt that we seek to 'Love God, Love PeopLe, Offer Jesus.. If we do that, we'lL find God wilL bring rich faith experiences and challenges, In 2024, part of that meant facing griefs of many kinds together. Several lost Loved ones, others faced the challenges of asylum. mental heaLth, or financial struggLes in what Can feel Like a beLeaguered society. We took time to reflect on God's promises in Genesis, and his comfort in the Psalms. Challenges aLso bring opportunities. PeopLe shared hospitaLity, we shared meats at church, we mourned and worshipped together. We worked through the book of James and his sense of what it means to 'ground' our love of God in practical care of others. We continued to aim at being intentionaLly interculturaL and intergenerationaL Our two morning services, each with children's groups, draw new people from aLL sorts of different backgrounds. We are committed to our online YouTube worship, which has a reguLar viewership from across the country and the world. Our midweek Tuesday service is a much-valued quieter space, and our evening Services are a place to worship and talk about different topics together. In 2024 we considered Christian perspectives on assisted dying, the UK and US elections, ADHD and autism in the church and poverty and asyLum. We had some major changes in the staff team, saying thank you and fareweLI to Maria Naylor and Pete Roger5 and welcoming Yuko Lo and Chri5 NayLor (aLI mentioned in later reports). The descriptions that foLlow together give a pitture of the encouraging deveLopments in our church's life. Page 6 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity, Rusholme known as HOLY Trinity Platt PCC Tru5tees' Report Rector and Wardens Team Report Deborah Primrose ond Tim Horton pLugging awaywith the administrative effort to get the lychgate repaired. This work traditionally falLs to church wardens and we are very grateful to have BiLI's expertise and energy avaiLable to help. We said "goodbye" to some members of the staff tearn. Maria NayLor resigned from her roLe as church administrator and Pete Rogers, after period of waiting, wa5 able to go to south Asia with SIM. In their place, we weLcomed Yuko Lo as church administrator & site coordinator, and Chris NayLor as youth and chiLdren's worker, Jack Marsh completed his curacy training, and we are prayerfuL that he WILI soon find a new parish. To help, Manchester Diocese has agreed to fund Jack to end 2025, if necessary. Deborah Pfimrose and Tim Horton are the official Church of EngLand Wardens appointed at the APCM. Nicci Duff and Andrew Tan continue to serve as Deputy Wardens, whose appointment is approved by the new PCC after the APCM. With Paul, we meet as the Rector and Wardens Team approximateLy every 3 to 4 weeks. Behind the scenes, there are 2 main eLements to the roLe of church wardens: to help with the smooth running of services on Sundays and other major events; and to assist Paul and the staff team with oversight of the church and its functioning. This includes safeguarding, staffing, pastoraL care, event planning amongst other topics. Sarah BradLey was confirmed as a priest and, with her new permissions to officiate,we've enjoyed her leading additional services. Some of our ministries continue to need more voLunteers. PLease do reflett on how you couLd serve the church with your unique gifts. Do taLk with a member of staff to find out more about where you might be abLe to serve. We would also especiaLly Like to thank BILI Ibram for his work helping to keep our buildings in good order. In 2024, the church wa5 redecorated and Look5 much better for it. BilL has aLso been Planting and revitalisation Paul Mathole Platt has two different'modets. of planting and revitalisation that bring different opportunities. (i) Planting in our own parish. In January 2024, Trinity Church Moss Side (fcms) was Launched in our parish. It is the third church plant of the Trinity Community Church network. A group of 25 aduLts and chiLdren, drawn from PLatt, TCC Rusholme and TCC FaLLowfield were commissioned by Bishop Matthew. In its first year, TCMS focused on 'building the home., forming themseLves as a church and preparing for future outreach. (li) Revitalising churches in the region. We have been praying through 2024 that God would bring an opportunity for Jack to lead 3 team to revitaLise a church in south Manchester. We have worked with various Diocesan partners to consider what options might be possibLe. HeLping those discussions, Bishop Matthew approached us about being designated 3 'resource church.. The PCC worked through and accepted that, and it should aid di5CUs5ions and planning for future revitaLisation5. Page 7 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of HOLY Trinity, Rusholme known as HOLY Trinity PLatt PCC Trustees. Report Pastoral Care Debbie Jones with meaLs that are available has worked welL Food@5 is a great point of weLcome, offering a warm meaL and community. Pastoral Care continues to span many ministries at Platt, offering presence, prayer, and practical heLp. This past year our church family ha5 experienced Loss; sudden, unexpected and heart-breaking. To walk with peopLe in the midst of pain has been a priviLege' knowing Jesus as a man of sorrows and acquainted with grief. keeping close to Him is often alL we can do as we waLk with peopLe who are grieving. We have been rebuilding the Prayer Team with new interest from different cultural backgrounds, and it has been great to be offering in-per50n prayer after aLI seryices again. The Tuesday service remains regular encouragement, with a warm time of felLowship and worship. Holiday at Home ran in JULY combining creative fun, shared meals. and short gospel refLections for our seniors here at church and in our community. I taught the Encouragement Course in 2024. It has again helped people think deepLy about relationships and how to serve others Wlth gospeL- Shaped love and intentionality. Thi5 15 my final report after 6 year5 in post l am thankfuL to God for this opportunity to serve him in his church here in Rusholme. l am so thankfuL to alL of you who I have been priviLeged to Serve alongside for the sake of making Jesus known in this place and at this time in history. May I encourage you aLI to continue to experience the Love of Jesus and to move towards each other in forgiveness and love. Exercise Class continues to support senior wellbeing. The Visiting Team remains vitaL in caring for our senior members. More people are aLways needed to help drive peopLe to church. The office has coordinated meals for new parents and those facing chaLLenges. Stocking the freezer House Groups and Women's Bible Study Paul Mathole Our House Groups and Women's Bible Study groups are at the heart of encouraging fellowship and loving one another. Women's BibLe Study continues to meet on Thursday mornings for feLlowship, refreshment and community. They draw from a wide cross section of women in different Life sltuations. In 2024, they studied l Kings, the grace of gratitude, and Philippians. House Groups meet for feLlowship, prayer, Bible study and food together. They study the passage from Sunday mornings and think through how we appLy it. In 2024. they looked at James, Genesis, Psalms and Mark. It has been another encouraging year of people joining House Groups. Page 8 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as HOLY Trinity PLatt PCC Trustees. Report Student Ministry Tim Wickham The student ministry remains committed to: l. Our vision- to make disciple5 who love Jesus. his church and his world. 2. Our vaLues: God, Bible, prayer, church and our student communitie5. In January, we had our weekend away at Quinta. We thought about'Life in the Gap. between thi5 worLd and the New Creation, Looking at Ecclesiastes. Phil Hammersley (from Harpenden) came to speak to us and heLped shape our perspective on living 'under the sun.. Be￿een January and June, we continued teaching through I Peter, tackling some tricky application of the gospel to various situations. Many students refLected how the Bible's view5 present a compeLLing vision for Living as strangers in this worLd. In the new academic year (24n5). we are studying the book of Isaiah. Our first term to Christmas has been an encouraging time helping the students to grow in confidence in reading different genre5 of scripture. Ruth's departure has left a gap. However. God has also raised up new leaders from a wider range of ages, which has been a real blessing to the whole team. One key focus going fO￿ard is equipping Leaders to drive the ministry forward. One exampLe is the monthly 'tabLe talk. sessions. These are an opportunity to grappLe with deeper theological issues in small group seminar-StyLe discussions. Students increasingly feel a deep sense of belonging and community within the wider church famiLy. Some are serving in other areas of church life - with youth and chiLdren. on the tea and coffee team and music. God's goodness remains evident in the student ministry. We are enormously thankful to the leaders who continue to serve sacrificiaLly and invest time and energy into the students. They make SBS what it is and under God continue to be used to fulfil our vision of growing discipLes. Welcome Sarah Bradley The Hospitslity Tearn continues to serve in three ways:welcome before the service, refreshments and post-service hospitslity after both the 9:15 and 11am service. Each team ha5 a distinctive role but they seek to work together to provide warm welcome and hospitaLity throughout the church space and across Sunday mornings. Objective: To enable all visitors and newcomers to share in the worship of Christ and become part of the family of HOLY Trinity PEatL The WeLcome Team aims to be a ftiendLy face to newcomers and visitors, to inform and point people in the right direttion. A friendly face as you walk in, is cruciaL for a first impression and we know how much the refreshments are appreciated, especiaLly by the childrenl The objertive of the post-service Page 9 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the EccLesiastical Parish of HOLY Trinity, RushoLme known as Holy Trinity Platt PCC Trustees. Report HospitaLity Team is to h05t alL visitors. newcomers and church famiLy after 5ervice5. The aim is to weLcome newcomers into the church famiLy and deepen reLationships within the church famiLy. This is something we need to be continualLy thinking abouL rotas and for aLI who serve on these teams. We continued to run our newcomers weLcome lunches and hosted 3 through 2024. Around 40 peopLe came to them over the course of the year. It has been a helpful time to get to know peopLe better, and heLp them find ways into church life. including through smaLL group5 and serving. The meals have been hosted by staff and church family. giving newcomers a variety of people to connect with. January to Decernber 2024 The folLowing new people were added to the church database: 39 students 72 children • 67 adults (not incLuding students) There were a few 50cials during the year, incLuding a May Bank HoLiday walk in Tatton park, and a variety of different events during the summer. These events heLp peopLe of different ages, nationaLities and situations to connett together. We are indebted to those who coordinate these Youth & Children Sarah Bradley 2024 brought some big changes. Pete Rogers left his Posltion at Easter to prepare to go overseas. Thi5 left a big hoLe and meant that for the summer term it was just me in post. We managed to keep things going pretty much as normaL and were delighted to appoint Chris NayLor to the position of Youth and ChiLdren's Worker from JULY 2024. Chris has been long-standing member of the church famiLy, but more recentLy involved in student work. Since beginning in post, he has particuLarly been spending time getting to know the Pathfinders and the PLattformers and 15 5ettLing in welL We continue to study whole church curriculum on 3 Sunday morning and were pLea5ed to be involved in some research for a Youth and ChiLdren's Minister writing a dissertation on the subjecL Finding the right number of leaders to lead in our groups, can stiLL sometimes be a struggLe. But we are very grateful for the wisdom, servant heartedne55 and energy of those who serve week- in week-OUL preparing sessions and showing Jesus to the chiLdren and young people. It has been encouraging to see more of our teenagers getting involved in thi5 too. Weekends away, summer camps and sound events continue to give good opportunitie5 to deepen faith and friendship. Our strong connection with Trinity High school continues. with the weekly CU, Year 7 retreat, Eucharist's and assemblies. We are also continuing our links with Manchester High School for GirLs, Heald Place Primary SchooL and Manchester Grammar SchooL Splatt continues to be well attended, and we work hard to make sure that it feeLs Like a weLcoming community where people are known and Looked after. It has been exciting to see friendships grow and hear of gospeL conversations happening. A few of the families came to the afternoon caroL5 and our advent event. folLowed by Food@Five was well attended too. Page 10 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the EcclesiasticaL Parish of Holy Trinity, RushoLme known as Holy Trinity ptstt pcc Trustees. Report International Mission (reflection on the life of Margaret Hill) David Poole In 1965. Margaret HILI joined Wycliffe Bible Translators and after training was sent with a co-worker, Mona Perrin from PLatt church. to West Africa. There they lived in a vilLage, without electricity or water supply. for a decade whilst Learning the Mambila Language. committing it to paper and then transLating the New Te5tamenL But then the government expeLled all foreign missionaries. So began Margaret's sixty years of translation work. But when Congo was torn by civiL war, Margaret saw the devastating effect on Local peopLe. So she worked with a smalL group to develop a church- based course for trauma heaLing. From this came a course with a manual now translated into over hundred and seventy ￿ngUageS and used by fifteen thousand churches and organi53tions. Based from 2000 in Nairobi. she began flying around Africa training Bible translators. Fin3Lly. she moved to Manchester in 2017, but retirement was not for Margaret! She continued to traveL to Africa but adding atso, for example. Bangladesh to her List of training destinations. Indeed, she was preparing to leave for Congo when she became ILL Dying in 2024. she leaves us a remarkable exampLe of lifelong care and commitment Next, she moved to Manchester for postgraduate linguistic study and became a Platt fflission partner. In 1987 she returned to Africa - to Congo studying the Ngbaka language used by two miLlion people. Joining with locaL translators helped to create the Ngbaka Bible published in 1995. Wanting everyone to read IL she then developed an adult literacy programme and a schooL5 programme used in over a hundred schooLs. She also pioneered a Scripture Use course for Ngbaka church Leaders pubLished as Yranslating the Bible into Action- and subsequently translated and used by other African peopLe groups. Though the year began sadly, we Later rejoiced when after thirteen years in Platt, first as a student and then on the church staff, Peter Rogers became mission partner and left for south Asia. The announced move of the Overseas Missionary FeLLowship's UK offices to Manchester is a reminder that vast numbers of the worLd's people stilL know nothing about Jesus. Towards Intercultural Church Grace Robinson 2024 has been a year of continued intercultural grovrth and consolidation. It has been a great encouragement to continue to weLcorne newcomers from around the worLd and to see many choose to make PLatt their home church. Coffee and Conversation has continued to be a comfortabLe place for those wanting to practise their EngLish and study the BibLe together. Numbers have been changeable throughout the year but it has been a great Page 11 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of HOLY Trinity, Ru5holme known as Holy Trinity p￿tt pcc Trustees. Report encouragement to see friendships grow and to be able to invite attendees to church events and Sunday services. It's aL50 been encouraging to be able to connett people with other programmes happening such as Friends InternationaL's icafe and cLasses at the Alexandria Library. It has been special to enjoy songs from around the world at Easter and Christmas as well as hear BibLe readings in other languages at other times in the year. The intercuLturaL bring and share me3Ls as a whoLe church and at the Inspire women's breakfasts now feeL more embedded into church life. They are an opportunity for the lines between host and visitor to be bLurred as weLL as a chance to eat many different delicious foods! The traditional British turkey Christmas dinner was another people and food-filled ceLebration. A key Bible verse which prompted PLatt's intercuLtural focus is, 'It is more bLessed to give than receive.. May we continue to be a church that recognises the God-given gifts every person has and to ensure that we each have the opportunity to use our gifts for the blessing and building up of the whoLe church. Trinity Community Church Rusholme,Trinity Community Church Fallowfield and Trinity Church Moss Side Sam Foulds Life With Jesus. Life As Church. These phrases encapsuLate our mission across TCC Rusholme, TCC FalLowfield and Trinity Church. Sharing the good news of Jesus and living out Hi5 abundant life is our joy. TCC Rusholme launched "clusters", smalL group5 inspired by Exodus 18 and Numbers 11. to share the gloriou5 burden of practical care for one another. Baptisms and the growth of our Farsi community has been deepLy encouraging. We are working out what it means to be best of big as welL as the best of smalL Susan Scott has developed our network-wide Trinity Life CounseLling. We have continued to establish Ekklesia, our discipLeship training programme inspired by the earLy Church. The arrivaL of Alexi Andriopoulos (and his family) as a third-year ordinand has been a wonderfuL gift from God. And one outreach highlight was our outdoor carol service in the parish with around 100 people in attendance. I want to recognise the amazing work of Jane and Paul Roper. After many year5 of faithful service. they finished their roles as congregational Leaders but remain key members of TCC Fallowfield. TCC FaLlowfieLd reaches out to our comrnunity in creative ways through Taste and See. Youth club, TaLk Time, and Café on the Corner. Last year, we launched our third church plant: Trinity Church. This has been a year of -building the home" by getting clear on our vision and structures and putting into prartice our shared rhythm of Life. We pray that as we continue to "open the doors" many others would join. Jesus has taken us through some difficult times of suffering as a body and we are Learning that knowing Je5US transforms even the toughest times. It is a delight to see our churches love the Lord and one other across cuLtural boundaries, walk together through mourning and celebration and fulfil Jesus. Great Commission to make disciples of aLI nations. Page 12 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity PLatt pcc Trustee5' Report Building Development and Fabric Bill Ibram Our buiLdings continue to be well used by church members, the LocaL community and for conferences etc. General grounds maintenance (gardening, grass cutting. hedge cutting) Our Faculty application to re-roof the lychgate and carry out isoLated repairs to the timber frame and gate5 is expected to be approved in early 2025 and it is anticipated the works WILI be carried out in 2025. During the period of this report the chanceL nave. aisles and lobby areas have been redecorated. and this necessitated several area5 of repair works to the lime rendering. Routine maintenance and minor improvement works have aLso been undertaken. including: Proposats to improve the acoustic performance of the breakout space (to reduce reverberation, echo and high noise levets that are uncomfortable for many) has progressed. A quotation has been received and works will be undertaken in 2025. Roof repairs and gutter cleaning InstaLlation of new grab rails to the disabled toiLet Boiler servicing Repairs to the tower stairs and windows Installation of an external power supply No major building works or redevelopment works are anticipated in the foreseeable future. i*? 11 Page 13 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the Ecclesiastical Parish of Holy Trinity, RushoLme known as Holy Trinity PLatt PCC Trustees, Report Disability Co-ordinator Karen Horton The disability group are people with an interest and concern for disabled people in PLatt and meet monthly over zoom. The group aims to raise awareness of disability Within Platt and to propose improvements to enable di5abLed people to feel more able to belong and contribute to church Life. available in the church. This poster is in the church porch, so that peopLe who are new to the church can ask the weLcomer5 about any of the things that might be helpful to them. In April 2024, we held the second disability morning service. Interviews with an autistic person and an account from someone who had experienced mentaL health difficulties, plus a signed song from the Prospects group were all weLI-received. We were pleased that the earth ramp created by the park became operational in the summer of 2024. Now people using wheeLchairs and mobility scooters can go out of the door from the breakout space to the park. A threshold ramp was installed at the red door5 at the back of church to help people with wheeLchairs and mobility scooters go through those doors. The Prospects groupfor aduLts with learning disabilities and their parents and carer5 continues to fLourish. It meets one evening a month with an average attendance of 16 members, 11 parents / carer5 / heLpers and 13 leaders. The monthly zoom house group for a few of the group members and the monthly parents, Zoom meetings for feLlowship and support, are much appreciated by those who attend. In September 2024, an 'accessibility' page, that we had created, went Live on the church'5 website. In the summer, we aLso created a poster showing that large print Bibles and song Sheets, a hearing loop, an accessible toiLet and Makaton signing are Worship Olly Hamilton The music and worship ministry has continued to evolve through 2024, with more new arrivals, some others returning after Long gap5 and a few departures. While it is aLways sad to Lose vaLued and inspiring members of the team, the fact that it is nearLy aLways so they can serye God's peopLe in other pLaces {incLuding other churches in the TCC/Antioch Network environment) is aLways a Source of great encouragement The regular rhythm of the worship Life of the church continued, punctuated with speciaL events: the services for Christmas and Easter were extremeLy weLI-attended with many musicians giving up their time to Serve through the hoLiday periods. There was one worship evening with modern songs and another taking the form of Choral Evensong (a first at PLatt for many decades). And the caroL services again saw the coming together of a large musical group and having a wide reach. The choir has also served as a gateway into regular service on the music team for some people. As ever, the support we receive from the tech ministries and encouragement from the wider church family is hugely appreciated. Page 14 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of HOLY Trinity, Rusholme known as HOLY Trinity Platt pcc Trustees. Report Job Club Denis Colligan Job CLub is a structured eight-week course to equipjobseekers to appLy for and find work. The course materiats and training are provided by Christians Against Poverty (CAP). CAP runs many Job Clubs through churches across the country as well as debt services and life skiLls courses. At Platt. the course is run by Denis Colligan, Stuart Turley, Katie Reed and Rod Benson, with help from other volunteers who welcome, befriend clients and help run the course. We meet in the haLL for two hours on Wednesday mornings and offer to help and meet clients at other times as needed. Our first Job Club ran successfully in the autumn of 2022, folLowed by courses in the spring and autumn of 2023. We ran a further two courses in 2024. ApproximateLy 30 clients have attended so far, with a number moving successfuLLy into permanent work and others moving forward in being work ready. During Job Club, our cLients are made aware of the wider work of the church. Sunday services and our commitment to the weLfare of others. Our focus remains on equipping our clients with the skilLs to find work. We start every meeting with a short prayer. Two or three times on each course we have Lunch together at the end of the session. We see the Job Club as part of our wider offer to our community, along with Community Meals and Hardship Fund. Discussions about hosting a debt service at Platt are starting, but this is a considerabLe commitment and therefore needs careful consideration and prayer. We are looking to run a Life Skills course in the Spring of 2025. Page 15 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EccLesiastical Parish of HOLY Trinity, Rusholme known as Holy Trinity Platt pcc Trustees. Report Safeguarding Denis Colligan Safeguarding means protecting people'5 health and wellbeing, enabling them to live free from harm, abuse and negLect. It is fundamental to fLourishing Christian communities and is evidenced in good pastoraL care. The safeguarding team at HTP is Paul MathoLe, Sarah Bradley and Denis CoLLigan, who is the Parish Safeguarding Officer. The Diocesan Safeguarding Officer is Abbey Clephane-WiLson. Throughout 2024, the safeguarding team have continued to ensure the safety of chiLdren and vulnerable adults by: Ensuring aLL appropriate DBS checks are up to date, on a rolLing basis, as new peopLe take on new roles Maintaining relevant tr3ining-enhanced where appropriate. Working closeLy with the Diocese on safeguarding concerns CloseLy monitoring the safeguarding email and atting appropriately on concerns Having safeguarding a5 a standing item on PCC meetings Maintaining the safeguarding onLine dashboard, and keeping this up to date Having appropriate posters in church. with relevant safeguarding information Having safeguarding information clearLy Laid out on our webslte Our Commitments Promoting a safer environment and cuLture Safely recruiting and supporting aLL those with any responsibility related to children and vulnerable adults Responding promptLy to every safeguarding concern or alLegation Caring pastoraLly for victims/survivors of abuse or other affected persons Caring pa5toraLly for those who are the subject of concerns/aLlegations of abuse or other affected persons Responding to those that may pose a present risk Page 16 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the Ecclesiastical Parish of HOLY Trinity, Rusholme known as Holy Trinity PLatt pcc Trustees, Report Deanery Synod Tim Horton Holy Trinity (PLatt) is a member of the Manchester South & Stretford Deanery. This deanery is split into five Mission Communities. Platt is in MC2 with nine other parishes. The Deanery Synod discusses matters of concern across the deanery, incLuding subjects which the Diocesan and/or General Synod have requested be considered. Nick Watson, the Area Dean, WILI be leaving his post to return to the Diocese of Lichfield. A recruitment process for his successor is underway. Brief notes of the meeting5 held since the Last APCM are captured beLow. Thursday 4 July 2024 at Chrlst Church. Moss Side Archdeacon Karen Best spoke about the rninistry and mission among asylum seeker5 An update on the diocesan transformation program and how the deanery can support it A pilot for Dementia FriendLy Church WILI stsrt at six churches after Easter 2025. Wednesday 4 December 2024 at Chrlst Church. Davyhulme The Bishop of Middleton (Mark Davies) and the diocesan secretary / COO (Helen Platts) spoke about the "Our Vision for 2030". You can watch a short video on the diocesan we The four diocese Mission priorities are". Growing Younger - a focus on growing the links between our parishes and our church schools Church Planting - establish churches carrying a DNA of mission across our diocese, particularly in communities where attendance is low. Missional leaders ~ the diocese is investing in clergy and deveLoping Lay Leaders to develop a new, diverse generation of church leaders Parish Renewal - We are providing dirert support to our parishes to ensure they are missionalLy focused and their financially sustainabLe. It was noted that the diocese faces serious financiaL chaLlenges and has a deficit budget The diocese intends to submit a bid to the Church Commissioners by December 2025. At some point there WILI be a deanery special meeting on the topic of Prayer5 of Love and Faith. This will be arranged when the timetabLe for further national discussion is clear. Page 17 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as HOLY Trinity Platt pcc Trustees. Report Responsibilities of the PCC The Charities Act requires the PCC to prepare financial statements for each financiaL year which give a true and fair state of the affairs of the charity as at its baLance sheet date, and of its incoming resources and application of resource5, including income and expenditure, for the financial year. In preparing these statements, the PCC shouLd folLow best practice and". seLett suitable accounting poLicie5 and apply them con5iStently make the judgements and estimate5 that are reasonable and prudent: and prepare the financiaL statements on the going concem basis unle55 it appears inappropriate to assume that the charity WILL continue on that basis. The PCC is responsibLe for the maintaining of proper accounting records which discLose with reasonabLe accuracy at any time the financial position of the charity and to enabLe them to ensure that the financi3L statements comply with the Charitie5 Act 1993. The PCC is also responsibLe for safeguarding the church's assets and hence fortaking reasonabLe steps forthe prevention and detection of fraud and other irreguLaritie5. Objertives and activities Public benefft Holy Trinity PLatt is a pubLic benefit entity- Holy Trinity Platt promotes pubLic services, in dedicated buildings and etsewhere. in accordance with the prattices and teachings of the Church. for hearing and appropriating the word of God and for the worship of God both generalLy and at significant points in people's lives. It provides reLigiou5 and moraL parameters by which individual members of the public may live fulfilLed Lives and art in a way which is socially beneficiaL and influence wider society for the better. The tru5tee5 confirm that they have cornpLied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for EngLand and Wales. Use olvolunteers The church relies on volunteer help for nearly aLI its work. There are a wide variety of ministry teams (as detaiLed eL5ewhere in this Report). many of these are Led by staff but have a considerabLe number of voLunteers. For example, youth and children's work has two employed staff workers, but 70 volunteers. Such volunteers are trained and have the appropriate qualifications and permi55ions to work in the reLevant area. The roLe of volunteer management and training is taken veryseriousLy. This enables volunteers to be effective, to have reasonabLe expettations of time and to be equipped for what is expetted of them. Some volunteers themselves lead areas of ministry. Page 18 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity, RushoLme known as Holy Trinity Platt PCC Trustees. Report The main areas of ministry that have voLunteers wouLd incLude youth and children's work, student work, smaLI groups and house groups, outreach ministries such as mums and toddLers, worship ministries and pastoral visiting, amongst others. Around 250 people volunteer at PL3tt, for which we are aLI thankfuL A breakdown of these voLunteers is avaiLabLe in the parish office. Financial review Policy on reserves The church's reseryes poLicy sets out how much money it should generally hoLd in the bank as 3 proportion of annual expenditure, by way of working funds and as a safeguard against unexpected eventuaLities. The reserves poLicy sets a target of hoLding unrestricted monies in the bank equaL to at Least three months of expenditure. At 31 December, unrestricted reserves totaLled £333.024, which 15 equivalent to 5.4 months of 2024 expenditure. The totaL funds heLd at the 31st December 2024 is £383,356 (2023 - £417,718). The restritted fvnds total £50,332 (2023 - £55,541). Designated fvnds total £187.138 {2023 £257,860). These funds have been designated for future expenditure. incLuding amounts for outreach work and for capitaL expenditure. There is no current commitment to spend these funds. The totaL amount of unrestricted reserves availabLe to cover general expenditure 15 £145.886 (2023 £104,317). Funds in deficit There are no funds in deficit. Principalfvnding sources The principal funding source is from donations received. Going concem At the time of approving the financial statements the trustees have a reasonable expectation that the charity WILL have adequate resources to continue for the foreseeable future and the charity continues to adopt the going concern basis in preparing its financial statements. The annuaL report was approved by the trustees of the charity on 29 April 2025 and signed on its behaLf by: Paul MathoLe, Rettor Trustee Jeremy Robinson, Treasurer Trustee Page 19 2023 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, RushoLme known as Holy Trinity PLatt PCC Statement of Trustees. Responsibilities The trustees are responsible for preparing the trustees. report and the financiaL statements in accordance with the United Kingdom Accounting Standards (United Kingdom GeneraLly Accepted Accounting Practice) 3nd appLicabLe law and regulations. The law applicabLe to charities requires the trustees to prepare financiaL statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and appLication of resources of the charity for that period. In preparing these financiaL statements, the trustees are required to: select suitable accounting poLicies and then appLy them consistently; observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonabLe and prudent; state whether applicable accounting standards have been foLlowed, subject to any material departures disclosed and explained in the financial Statements; and prepare the financial statements on the going concern basis unle55 it is inappropriate to presume that the charity will continue in busine55. The trustees are responsible for keeping proper accounting records that discL05e with reasonable accuracy at any time the financiaL position of the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011. the Charities (Accounts and Reports) ReguLations 2008, and the provisions of the constitution. The trustees 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. The trustees are responsible for the maintenance and integrity of the corporate and financiaL information included on the charitable company's website. LegisL3tion governing the preparation and dissemination of financial statements may differ from legisLation in other jurisdictions. Approved by the trustees of the charity on 29 April 2025 and signed on its behalf by: PauL Mathole, Rector Trustee Jeremy Robinson, Treasurer Trustee Page 20 2023 Annual Report Holy Trinity Platt The Parochial Church CounciL of the Ecclesiastical Parish of Holy Trinity, RushoLme known as Holy Trinity Platt PCC Independent Examlner's Report to the trustees of The Parochial Church Councll of the Ecclesiastical Parish of Holy Trinity, Rusholme I report to the trustees on my examination of the accounts of The ParochiaL Church Council of the EccLesiasticaL Parish of HOLY Trinity, Rusholme for the year ended 31 December 2024. i. accounting records were not kept in respect of The ParochiaL Church Council of the EcclesiasticaL Parish of Holy Trinity, RushoLme as required by section 130 of the Act; or Responsibilities and basis of report 2. the accounts do not accord with those records; or As the charity trustees of The Parochial Church Council of the EccLesiastical Parish of Holy Trinity, Rusholme you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Att 2011 (the Act.). 3. the accounts do not comply with the accounting 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 report in respect of my examination of the Parochial Church Council of the EccLesiastical Parish of Holy Trinity, Rusholme's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have folLowed alL the applicable Directions given by the Charity Commission under settion 145(5)(b) of the ACL 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 orderto enabLe a proper understanding of the accounts to be reached. Independent examiner'5 Statement Since The ParochiaL Church Council of the EccLesia5ticaL Parish of HOLY Trinity, RushoLme's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in EngLand and Wale5, which 15 one of the listed bodies. John he Inst. te of Chartered Accountsnts in England and Wales The Moffatts Partnership LLP Suite 1.1, First Floor, Jackson House, Sibson Road. Sale, M33 7RR I have compLeted my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respett: 13 May 2025 Page 21 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiasticaL Parish of Holy Trinity, RushoLme known as Holy Trinity Platt PCC Statement of Financial Activities for the Year Ended 31 December 2024 Unrestrirted fvnds Restrirted fvnds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 620,471 32,287 15,898 40,682 661,153 32,287 15,898 641,246 30.994 13.590 TotaL Income 668,656 40,682 709,338 685,850 Expendlture on: Charitable activities 725,960 17,740 743,700 687,015 Totsi Expenditure 725,960 17,740 743,700 687,015 Net {expenditure)[Income Gross transfer5 between funds (57.304) 22,942 (54,362) (1,185) 28.243 28,243 Net movement in funds (26.061) (5,301) (34.362) (1,185) Reconciliation of funds Total funds brought fop•vard 362,177 55,541 417.718 418,903 Total funds carried forward 18 353,116 50.240 383,356 417,718 AIL of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 17. The notes on pages 25 to 46 form an integral part of these financial statements. Page 22 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the Ecclesiastical Parish of HOLY Trinity, RushoLme known as HOLY Trinity PLatt pcc Balance Sheet a5 at 31 December 2024 2024 2023 Note Fixed assets TangibLe assets 13 14,734 20,299 Current assets Debtors 14 31,787 349,012 380,799 32,661 381,119 413,780 Cash at bank and in hand 15 Creditors: Amounts falling due within one year 16 12,177 16,361 Net current assets 368.622 397.419 Net assets Includlng penslon Ilablllty 383,556 417,718 Funds of the charity: Restrlrted income funds Restricted funds 18 50,332 55,541 Unrestrlrted Income funds Unrestricted funds 333,024 362.177 Total funds 18 383,356 417,718 The financiaL ststements on pages 22 to 46 were approved by the trustees, and authorised for issue on 29 April 2025 and signed on their behalf by: Paul MathoLe, Rector Trustee Jeremy Robinson, Treasurer Trustee The notes on pages 25 to 46 form an integral part of these financial statements. Page 23 2023 Annual Report Holy Trinity Platt The Parochial Church CounciL of the Ecclesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 Note Cash flows from operating activities Net cash expenditure {34.362) (1,185) Adjustments to cash flows from non-cash items Depreciation Investment income 7,009 15,898 (43,251) 7,838 13,590 (6,937) Working capital adjustments (Increase)/decrease in debtors Increase in creditors Increase in retirement benefit obLigation net of artuarial changes 14 16 874 (10,716) 2,178 (4,184) Net cash flows from operating artivitie5 46,561 15,475 Cash flow5 from Investlng activlties Interest received Acquisitions of tangible a55ets 15,898 13,590 4,344 Net cash fLows from investing activities 14,454 9,246 Net (decrease)[Increase in cash and cash equivalents (32,107) (6,229) Cash and cash equivalents at l January 381,119 387,348 Cash and cash equivalents at 31 December 349,012 381,119 ALI of the cash fLows are derived from continuing operations during the above two periods. The notes on pages 25 to 46 form an integral part of these financial statements. Page 24 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the Ecclesiastical Parish of Holy Trinity. Rusholme known as HOLY Trinity Platt PCC Notes to the Financlal Statements for the Year Ended 31 December 2024 l Accountlng pollcles Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicabLe in the United Kingdom and RepubLic of Ireland IFRS 102) and the Charitie5 Art 2011. Basls of preparatlon The ParochiaL Church Council of the EcclesiasticaL Parish of HOLY Trinity. Ru5holme meets the definition of a public benefit entity under FRS 102. The accounts (financial statement51 have been prepared under the historical cost convention with items recognised at cost or transattion vaLue unless otherwise stated in the reLevant note(s) to these accounts. Golng concern The financiaL statements have been prepared on a going concern basis. The trustees as5e55 whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Judgements The trustee5 have not made any judgement5 in the process of appLying the entity's accounting policies that have had a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty There are no key source5 of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of a55ets and LiabiLities within the next financial year. Income and endowments Voluntary income including donations, gifts, Legacies and grants that provide core funding or are of a generaL nature is recognised when the charity has entitLement to the income, it is probable that the income WILL be received and the amount can be measured with sufficient reLiabiLity. Donations and legacies Donations and Legacies are recognised on a receivabLe basis when receipt is probabLe and the amount can be reLiabLy measured. Grnnts recelvable Grants are recognised when the charity has an entitlement to the funds and any condition5 linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be me¢ the income is recognised as a liabiLity and included on the balance Sheet as deferred income to be released. Gift ald Gift aid income is recogni5ed on a receivable basi5 when receipt is probable and the amount can be reLiabLy measured. Page 25 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the EcclesiasticaL Parish of Holy Trinity, Ru5hoLme known as Holy Trinity Platt PCC Notes to the Financial Ststements for the Year Ended 31 December 2024 Investment income Dividends are recognised once the dividend ha5 been decLared and notification has been received of the dividend due. Expenditure ALL expenditure is recognised once there is a Legal or constructive obligation to that expenditure, it is probable settLement is required and the amount can be measured reliably. All costs are allocated to the applicabLe expenditure heading that aggregate Similar costs to that category. Where costs cannot be directly attributed to particuLar headings they have been allocated on a basis consistent with the use of resources, with centraL staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable actmtses Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and service5 for its beneficiaries. It include5 both costs that can be aLlocated directLy to such activitie5 and those costs of an indirect nature necessary to support them. Grnnt expenditure Grants payabLe are payments made to third parties in the furtherance of the charitable objectives. Grants payable without performance conditions are onLy recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the controL of the charity. Gmnt pmvision5 Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payabLe. Support costs Support costs include costs not directly Linked to delivering a church attivity/seprfice but are to support the work of the church as a whole. Governance costs These include the costs attributabLe to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. Taxatlon The charity is considered to pass the tests set out in Paragraph I ScheduLe 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK corporation tax purposes. Accordingly. the charity is potentialLy exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Att 1992. to the extent that such income or gains are applied excLusively to charitable purposes. Page 26 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EccLesiastical Parish of Holy Trinity. Ru5holme known as Holy Trinity Platt PCC Notes to the Financial SLitements for the Year Ended 31 December 2024 Tangible fixed assets Individual fixed a55ets c05ting £500.00 or more are initiaLLy recorded at cosL less any subsequent accumulated depreciation and subsequent accumuLated irnpairment losses. Heritage assets Consecrated and benefice property is not included in the financial statements, in accordance with settion 10(2)(a) of the Charities Act 2011. Movable church furnishings heLd bythe vicar and churchwardens on special trustforthe PCC and which require a faculty for disposaL are inaLienable property. listed in the church's inventory, which can be insperted at any reasonable time. All expenditure incurred during the year on consecrated or benefice buildings and movabLe church furnishings. whether maintenance or improvemen( is written off. Depreciatlon and amortlsation Depreciation charged in the year of acquisition is time apportloned from the date of acquisition. No depreciation is charged in the year of di5posaL Depreciation is provided on tangibLe fixed assets so a5 to write off the cost or valuation, less any estimated residual value, over their expetted useful economic life as follows: Asset clas5 Office equipment Fixtures and fittings Depreciation method and iats 25% straight line basis IO% straight Line basis Cash and cash equiwalents Cash and cash equivalents comprise cash on hand and call deposits. and other 5hort-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of business from suppLiers. Accounts payable are classified as current liabiLitie5 if the does not have an unconditional righ( at the end of the reporting period. to defer 5ettLement of the creditor for at Least tsvelve months after the reporting date. If there is an unconditional right to defer settLement for at Least twelve months after the reporting date, they are presented as non-current liabilities. These are recognised initially at the transaction price and subsequently measured at amortised cost using the effettive interest method. Page 27 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as HOLY Trinity Platt PCC Notes to the Financial Ststements for the Year Ended 31 December 2024 Fund Structure Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purpose5 at the discretion of the trusiees. Restricted income funds are those donated for use in a particular area or for Specific purposes. the Use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension pian under which fixed contributions are paid into a pension fund and the charity has no legaL or constructive obLigation to pay further contributions even if the fund does not hold sufficient a55ets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution pLans are recognised in the Statement of Financial Attivities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepaymenL The charity also operates a defined benefit pension scheme. Typically defined benefit plans define an amount of pension benefit that an employee wilL receive on retirement usually dependent on one or more factors such as age. years of service and compensation. The LiabiLity recognised in the Balance Sheet in respect of defined benefit pension ptans 15 the Present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obLigation is measured using the projected unit credit method. The present vaLue of the defined benefit obLigation is detemiined by discounting the estimated future payments by reference to market yieLds at the reporting date on high-quaLity corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liabiLity. Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise. FinanciaL instruments c1(￿£fiCa￿.0n FinanciaL assets and financial Liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument FinanciaL Liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence5 a re5iduaL interest in the a55ets of the charity after dedutting alL of its Liabilities. Page 28 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the Ecclesiastical Parish of Holy Trinity. Rusholrne known as Holy Trinity Platt PCC Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 Recognltlon and measurement All financial assets and Liabilities are initially measured at transaction price (Including transaction costs), except for those financial assets classified as at fair value through profit or loss. which are initiaLLy measured at fair value (which is normally the transaction price excluding transaction costs). unLes5 the arrangement constitutes a financing transattion. If an arrangement constitutes a financing transaction. the financiaL asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a simiLar debt instrumenL Financial assets and liabiLities are only offset in the statement of financial position when. and onLy when there exists a legally enforceable rightto Set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settLe the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled. b) the charity transfers to another party Substantially aLL of the risks and reward5 of ownership of the financiaL asset, or c) the charity. despite having retained sorne, but not aLL significant risks and rewards of ownership, has transferred controL of the asset to another party. Financial liabiLities are derecognised only when the obligation specified in the contrart 15 discharged. canceLLed or expires. 2 Income from donations and legacies Unrestrirted funds Restricted funds Total 2024 Total 2023 Designated GeneraL Donations and legacie5: Gift aided donations Gift aid recLairned Non-gift-aided donations Legacies HTP Hardship Fund Sundry donations Grants 50,196 12,684 11,434 362,560 78,022 84,870 5.000 20,390 4,524 1.670 433,146 95,250 97,974 5,000 13,210 3,417 591,560 92,822 130,042 13.210 888 15,981 4.984 2.529 SmalL Employer's Nl Grant Grants 5,000 8,176 546,157 5.000 8.176 661.153 4,607 1,250 641,246 74.314 40,682 In 2023 £70,709 of the above income related to designated funds. £524,937 to unrestricted funds and £45,600 to restricted funds. Page 29 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. Rusholme known as Holy Trinity Platt pcc Notes to the Financial SL*ements for the Year Ended 31 December 2024 3 Income from charitable artivities Unrestricted funds Designated General Restrirted fvnds Total 2024 Total 2023 Weekends Away Bookstall 7,630 7,425 1,333 15,055 1,333 400 16,650 285 Church Hall Lettings Fee5 730 8,604 1.320 5.395 60 120 24.657 8,604 1,320 5,395 60 120 32,287 6,411 1,175 5,298 395 Refreshments Events Other Income Training courses 50 30,994 7.630 In 2023 £8,856 of the above income related to designated funds and £22,138 to generaL funds. 4 Investment Income Unrestrirted funds Designated General Restrirted funds Total 2024 Total 2023 I nterest receivable and similar income; Interest receivable on bank deposits 15,898 15,898 13,590 ALI of the income in 2023 reLated to unrestricted funds. Page 30 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the Ecclesiastical Parish of HOLY Trinity, Rusholme known as HOLY Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 5 Expenditure on charitable activities Unrestricted funds Restrirted funds Total 2024 Total 2023 Designated General Wages and 5alarie5 Social security costs Staff pensions (Defined contributions) Staff pensions (Defined benefit) Training and courses Youth Work and SBS 28,105 2,623 106,145 10.157 7,882 6,731 4,077 9,975 175.100 1.787 23,698 40,284 12,574 11.402 808 134,250 12,780 7.882 13.462 4,887 10.272 175.100 1.787 42.601 40.284 40.174 11,463 808 3.097 8,267 1.571 601 144,153 12,611 5.458 14.102 4,543 8.567 166,600 2.672 44.004 40.151 8.640 5,327 108 6,731 810 297 Parish Share CLergy expenses Clergy housing costs Church and HaLI running costs Church and HaLI maintenance 18,903 27.600 61 Upkeep of services BookstalL Equipment and materials Refreshments and hospitality Churchyard Splatt Prospects Weekends away Events 432 2,665 6.715 1,571 601 2.607 8.625 2.130 873 1,552 270 270 19.899 575 550,030 303 8.238 11.661 575 434,678 25,296 842 497,610 95.352 In 2023 £67,270 of the above expenditure was attributable to designated funds, £430,199 to unrestricted funds and £141 to restricted funds. Page 31 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity. RushoLme known as HOLY Trinity Platt pcc Notes to the Financial Statements for the Year Ended 31 December 2024 6 Analysis of governance and support costs Charitable artivities expenditure Unrestrirted funds Restrirted Totsl funds 2024 Total 2023 Designated General Publicity costs Wages and salaries SociaL security costs Staff pensions (Defined Contribution) Telephone. internet and postage Computer software and maintenance costs Printing and stationery Sundries Rent 130 1.878 22.627 1.855 2,234 865 2,007 23,708 1,855 2.234 865 1,645 20,464 1.641 1,890 1,053 4.110 2,211 5,623 14.365 995 233 6,650 2.540 5.389 6,630 2,624 6,607 23.638 1.115 809 284 1,218 23.658 ProfessionaL fees 1.115 809 BoiLer and heating costs Building costs Bank charge5 Depreciation of fixtures and fittings Office equipment and repairs 14,280 166 14,280 1.583 7.009 196 94.080 650 1,404 7,009 196 54,351 13 1,238 7,838 290 64,246 39.716 13 In 2023 £14,512 expenditure was attributable to designated funds. £47.212 to unrestricted funds and £2.522 to restricted funds. Page 32 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of Holy Trinity, RushoLme known as Holy Trinity PLatt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 Governance costs Unrestrirted funds Designated General Restricted fvnds TotaL 2024 Total 2023 Independent examiner fees Examination of the financial statements 4,680 4,680 4,680 4.680 4,440 4,440 ALI of the 2023 expenditure related to unrestricted funds. 7 Grant-making Analysis of grants Grants to institutions 2024 2025 Grants to individuals 2024 2023 Analysis Church overseas 10.000 10.983 20,983 9.500 10,600 20.100 78,624 15,303 93.927 78,471 22,148 100.619 Grants Home The support costs associated with grant-making are £NiL (31 December 2025 - £NiL). Page 33 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the Ecclesiastical Parish of Holy Trinity, Rusholme known a5 Holy Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 Unrestricted funds Designated funds GeneraL funds Restrirted funds Totsi funds Total funds 2023 Grants Church overseas 2024 Friends I nternational 10,000 10.000 10.000 9,500 9.500 Steven & Jo WheatLey Margaret HILI OMF 10,000 2,050 2,050 7,700 5,000 Pete Rogers Other IndividuaLs 6.150 6,150 8.924 1,350 3,750 10,250 10,250 3,824 10,771 Tim & Annie Forester 10.250 10,250 10,000 10,500 10,500 88.624 10,000 5,000 9,500 10,000 Paul & Grace Robin50n Anna Simms 10,000 10,500 5,250 Vicki and Dan Byrne Simon and Pippa Wilson 5.250 11,000 87,971 6,600 78,200 3.824 Designated funds General funds Restricted funds Total fund5 Total fvnd5 Grants Grants Home 2024 2023 CPAS 4,000 4,000 4,000 UCCF ALexandria Lighthouse Projett Tearfund 6,000 6,000 6,000 890 Hardship Fund Grants Other societies 183 13,903 14,086 800 16,338 600 800 Other individuaL5 1.400 1,400 26,286 4.920 183 12.200 13,903 32,748 6.783 90,400 17,727 114,910 120,719 Page 34 2024 Annual Report Holy Trinity Platt The ParochiaL Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as HOLY Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 8 Net incoming/outgoing resources Net outgoing re50urce5 for the year incLude: 2024 2023 Other non-audit services 4.680 7,009 4,440 7,838 Depreciation of fixed assets 9 Trustees remuneration and expenses During the year the charity made the following transactions with trustees: Sarah Bradley Sarah Bradley received remuneration of £39.349 (2023: £57.000) during the year. The payments were received in her capacity as a n employee and not as a trustee of the charity. Pension contributions totaLling £3.813 (2023: £3,547) were paid during the year. Sarah Bradley became a Trustee after her employment began. In July 2022 Sarah BradLey was ordained as a Church of England minister working in the parish. and from this point her trusteeship is ex officio and automatic. Sam Foulds Sam FouLds received remuneration of £28.105 (2023: £26,513) during the year. The payments were received in his capacity as an employee and not as a trustee of the charity. Accommodation is provided as part of his empLoyment Pension contributions totaLling £6.732 (2023: £7.051) were paid during the year. Sam Fould5 is an ordained Church of England minister working in the parish and his trusteeship is ex officio and automatic. TIM Wtckham Tim Wickham received remuneration of £23.712 (2023: £21.956) during the year. The payments were received in his capacity as an empLoyee and not as a trustee of the charity. Accomrnodation is provided as part of his empLoymenL Pension contributions totaLling £6.731 (2023: £7.051) were paid during the year. Tim Wickham is an ordained Church of England minister working in the parish and his trusteeship is ex officio and automatic. Page 35 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of HOLY Trinity, RushoLme known as Holy Trinity Platt PCC Note5 to the Financial SLitements for the Year Ended 310ecember 2024 Trustees generalLy receive reimbursement for expenses incurred by them for the purposes of the charity. During the year six {2023 - 20) trustees had expenses reimbursed. The totaL of these expenses for the year was £5,815 (2023 - £6,544). No trustees have received any other benefits from the charity during the year. Donations made by the trustees without any conditions attached totalled £38,576 for the year (2025 £35,006). 10 Stsff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries SociaL security Costs Pension costs 156.876 14,655 23.578 195,089 164,616 14,252 21,451 200,319 The monthly average number of persons (incLuding senior management team) employed by the charity during the year expressed as fulL time equivaLents was as foLLows: 2023 2023 No FULL time equivalent Six {2023 - 6) of the above empLoyees participated in the Defined Benefit Pension Schemes. Contributions to the employee pension schernes for the year totalled £18,727 (2023 £21,451). No employee received emoluments of more than £60,000 during the year Page 56 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Notes to the FinanciaL SLitements for the Year Ended 31 December 2024 11 Independent examiner's remuneration 2024 2023 Examination of the financial statements 4,680 4,440 12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Furniture and equipment Computer equipment TotaL Cost At l January 2024 Additions 50.015 17.638 67,653 At 31 December 2024 50.015 19.082 69,097 Depreciation At l January 2024 Charge for the year 31,540 4.415 15.814 2,595 47,354 7,010 At 31 December 2024 35.955 18.409 54,364 Net book value At 31 December 2024 14.060 673 14,733 At 31 December 2023 18,475 1,824 20,299 Page 37 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of Holy Trinity, Ru5hoLme known as HOLY Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 14 Debtors 2024 2023 Prepayments Accrued income 2,024 27.675 2.088 31,787 1,928 29,057 1,676 32,661 Other debtors 15 Cash and cash equivalents 2024 2023 Cash on hand 143 143 Cash at bank 348.869 349,012 380,976 381,119 16 Creditors: amounts falling due within one year 2024 2023 Trade creditors 4,061 3.646 1,326 3,602 2.018 9.415 16.361 Other creditors Pension scheme creditor AccruaLs 4,470 12,177 Page 38 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EccLesiastical Parish of HOLY Trinity, Rusholme known as Holy Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 17 Pension and other schemes Defined benefit pension schemes Church of England Funded Pension Scheme (CEFPS) HOLY Trinity PLatt PCC participates in the Church of EngLand Funded Pensions Scheme for stipendiary clergy, a defined benefit pension scheme. This scherne is administered by the Church of England Pensions Board, which holds the assets of the scheme separateLy from those of the Responsible Bodies. The totaL cost relating to defined benefit schemes for the year recognised in profit or loss as an expense was £13,461 (2023 - £14,102). The total cost reLating to defined benefit schemes for the year incLuded in the cost of an asset was £Nil (2023- £Nil). Multi-employer plans This is a defined benefit plan. The scheme is considered to be a multi-ernpLoyer scheme a5 described in Settion 28 of FRS 102. This means it is not possible to attribute the Scheme's assets and liabilities to each specific ResponsibLe Body and this means that contributions are accounted for as if the Scheme were a defined contribution scheme. A valuation of the Scheme is carried out once every three years. The most recent Scheme valuation completed was carried out at as 31 December 2021. The 2021 valuation revealed a surplus of £560m, based on assets of £2,720m and a funding target of £2,160m, assessed using the following assumptions: An average discount rate of 2.7% pa,. RPI inflation of 3.6% pa (and pension increases consistent with this): CPIH inflation in line with RPI less 0.8% pa pre 2030 moving to RPI with no adjustment from 2030 onwards; Increases in pensionable stipend5 in line with CPIH; Mortality in accordance with 90% of the S3NA tables, with allowance for improvements in mortality rates from 2013 in line with the CM12020 extended model with a long term annual rate of improvement of 1.5%, a smoothing parameter of 7, an initial addition to mortality improvements of 0.5% pa and an allowance for 2020 data of 0% (i.e. w2020= 0%>. Following finalisation of the 31 December 2021 valuation, deficit contributions ceased with effect from l January 2023, since the Scheme was fully funded. Page 39 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Notes to the Financial Statements for the Year Ended 51 December 2024 The deficit recovery contributions under the recovery plan in force at each 31 December were as follows: % of pensionable stipends 7.1% payable from January 2021 to December 2022 31 December 2021 31 December 2022 31 December 2023 31 Oecember 2024 An interim reduction to deficit contributions to 3.2% of pensionable 5tipend5 was made with effect from April 2022, and remained in place until December 2022. For senior office holders, pensionable stipends are adjusted in the calculations by a multiple, as set out in the Scheme's rules. Section 28.IIA of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. However, as there were no deficit recovery payments from l January 2023 onwards, the balance sheet liability as at 31 December 2023 and 31 December 2024 is nil. The movement in the balance sheet liability over 2023 and over 2024 is set out in the table below. 2024 2023 Balance sheet liability at l January Deficit contribution paid Interest cost {recognised in SOFA) Remaining change to the balance sheet liability (recognised in SOFA) Balance sheet liability at 31 Oecember Comprises change in agreed deficit recovery plan, and change in discount rate and inflation assumptions between year-ends. The legal structure of the scheme is such that if another Responsible Body fails, Holy Trinity Platt PCC could become responsible for paying a share of that failed Responsible Bod¢s pension liabilities. Church Workers Pension Fund (CWPF) Holy Trinity Platt PCC participates in the Pension BuiLder scheme settion of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separateLy from those of the Employer and other participating employers. CWPF has two settions: l. the Defsned Benefits Scheme 2. the Pension BuiLder Scheme. which has two subsections," a deferred annuity section known as Pension BuiLder Classic, and. a cash balance section known as Pension Builder 2014. Page 40 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the Ecclesiastical Parish of Holy Trinity, RushoLrne known as Holy Trinity PLatt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 Penslon Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder Classic provides a pension, accumuLated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may aLso be added, depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a Lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, pLu5 any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a muLti-employer scheme as described in Section 28 of FRS 102. This is because it is not possibLe to attribute the Pension Bui Lder Scheme's assets and liabiLities to Specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable (2024: £5,757, 2023: £7,390). A vaLuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022. For the Pension BuiLder CLas51C section, the valuation reveaLed a surpLus of £34.8m on the ongoing assumptions used. At the most recent annual review effective l January 2025. the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respett of post ApriL 2006 service 50 that the pension increase was 2.7% (where usuaLLy it wouLd be calcuLated based on infLation up to 2.5%). This folLowed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time. The next valuation is due as at 31 December 2025. For the Pension BuiLder 2014 settion, the vaLuation reveaLed a surpLus of £8.5m on the ongoing assumptions used, There is no requirement for deficit payments at the current time. The Legal strutture of the scheme is such that if another empLoyer f3iLs, Holy Trinity Platt PCC couLd become responsible for paying a share of the failed employer's pension liabilities. Page 41 2024 Annual Report Holy Trinity Platt The ParochiaL Church CounciL of the EcclesiasticaL Parish of Holy Trinity, RushoLme known as Holy Trinity Platt PCC Notes to the Financial Statements for the Year Ended 51 December 2024 18 Funds Balance at l January 2024 Balance at 31 December 2024 Incoming resources Resources expended Transfers CURREKf YEAR Unrestricted funds General GeneraL Fund 104.317 586.651 (583,526) 38.444 145,886 Designated CapitaL Fund Other Funds 100.634 4.785 1.000 12,064 6.500 90,000 21.696 21.181 (41,880) (15.269) 43.485 4.785 1,000 TCC Hardship TCC Fund 511 (183) {61,612) (328) 49.548 Building Maintenance Reach the City TCC Ru5hoLme TCC FalLowfield Trinity Church Mo55 Side 6,500 90.000 13,920 27,448 21,505 42,423 17,566 82,005 (12,765) (19,640) 6,354) 142,434 (16,516) (16,516) (11,212 (10,295) 257,860 187,138 Totsi unrestrirted fvnds 362,177 668,656 725,960) 28,151 333,024 Restrirted funds MiscelLaneous Funds 1,330 17,137 4,405 1,312 16.117 2,867 3,936 (1,330) (20,944) 328 1,312 8,486 2,382 Mission Fund (3,824) (5,218) TCC Hardship Graduate Partnership Giving Sequestration Fund HTP Hardship Fund Short Term Mission Fund (5,956) 152 28,140 4,377 152 14,181 2,269 (8,698) 33.623 4.377 2.269 Total restrirted funds 55,541 40.682 17,740 28,151 50,332 Total funds 417,718 709,338 743,700 383,356 Page 42 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity, Rusholme known as HOLY Trinity Platt PCC Notes to the Financial Statements for the Year Ended 31 December 2024 18 Funds (Continued) Balance at l January 2023 Balance at 31 December 2023 Incoming resources Resources expended Transfers PRIOR YEAR Unrestricted funds Generol GeneraL Fund 102,338 560,665 (567,328) 8,642 104,317 Designated Capital Fund Other Funds TCC Hardship TCC Fund BuiLding Maintenance Reach the City TCC Ru5holme 100,634 4,785 1,000 66,756 6,500 90,000 100,634 4.785 1,000 12,064 6.500 90.000 21,696 21,181 257,860 (54,692) 38,365 41,200 79,565 (16,669) 20,019 91,380) TCC FalLo￿leLd 269,675 Total unrestrirted funds 372,013 640,230 658,708 8,642 362,177 Restricted funds MisceLlaneous Funds Mission Fund TCC Hardship Graduate Partnership Giving Sequestration Fund HTP Hardship Fund Short Term Mission Fund 1,285 17,648 4.471 (1,292) 152 24.496 130 3,506 2,060 540 (4,003) (2,571) (15) (141) 542 1,330 17,137 4,405 (591) (4,481) 5,914 152 28,140 4,377 19,376 14,204 (15,732) 5,845 4,112 TotsL restrlrted funds 46,890 45,600 28,307) 8,642 55,541 Total fvnd5 418,903 685,830 687,015) 417,718 Page 43 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Note5 to the Financial Statements for the Year Ended 31 December 2024 Funds The specific purposes for which the funds are to be appLied are as folLows'. Each designated fund is made up of resources set aside for a specific purpose at the discretion of the trustees. These funds are unrestritted. Restricted funds have been donated for use in a particuLar area or for specific purposes, the use of which is restricted to that area or purpose. MisceLlaneous Fund this is 3 fund where ad-hoc restricted gifts are held - eg, coLlection5 for cLergy who have retired or moved, one-off gifts with specific restrictions, Mission Fund this fund is for donations for specific mission activities of the church. TCC Hardship Fund the purpose of this fund is to provide grants to TCC members or peopLe with a connection to TCC who are in financial hardship. Graduate Partnership Giving the purpose of this fund is to support the student ministry at HOLY Trinity PLatt. Sequestration Fund thi5 fund is for donations toward5 the 'sequestration' costs of the parish when the rectory is vacanL HTP Hardship Fund this fund was estabLished in 2020 in response to the pandemic. The HTP Hardship Fund provides grants to members of the congregation, or those with an association to the church. or who Live in the parish. who are in financiaL hardship (eg as a resuLt of Loss of empLoyment during Covid restrictions). Members of the church give to thi5 fund on a regular basis. Short Term Mission Fund - this fund is for donations for short term mission artivities of the church. Transfers between funds reLate to restricted expenditure recorded as generaL expenditure in prior periods. Page 44 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EccLesiastical Parish of HOLY Trinity. RushoLme known a5 Holy Trinity p￿tt pcc Notes to the Financial Statements for the Year Ended 31 December 2024 19 Analysis of net assets between funds Total funds at 31 December 2024 Unrestricted funds General Designated Restricted funds TangibLe fixed assets Current assets 14.734 140,929 (9.77 14.734 380,799 (12,17 188.657 1.519 51,213 (881 Current liabilities TotaL net assets 145.886 187,138 50.352 383.356 Total funds at 31 December 2023 Unrestrirted funds GeneraL Designated Restricted funds TangibLe fixed assets Current assets Current liabiLitie5 20,299 94.867 (10,849) 20.299 413,780 (16,361) 263.015 (5.155) 55,898 (357) TotaL net assets 104.317 257,860 55.541 417,718 20 Analysis of net funds At l January 2023 Financing cash tIow5 At 31 December 2024 Cash at bank and in hand 381,119 (32.107) (32,107) 349,012 349.012 Net debt 381,119 At l January 2023 Financing cash flows At 31 December 2023 Cash at bank and in hand 387,548 (6.229) (6.229) 381,119 381,119 Net debt 387,348 Page 45 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity. RushoLme known as HOLY Trinity Platt PCC Notes to the Financial Statements for the Year Ended 51 Decernber 2024 21 Related party transartions During the year the charity made the folLowing reLated party transactions. Su Ann Foulds (Su Ann Foulds is married to trustee Sam FouLds} Payments totaLling £Nil (2023 £187) were made to Su Ann FouLd5 during 2023 for seNices provided for publicity and printing and ststionery. At the balance sheet date the amount due to/from Su Ann Foulds was £NiL (2023 - £NiL). Page 46 2024 Annual Report Holy Trinity Platt The Parochial Church Council of the EcclesiasticaL Parish of Holy Trinity, Rusholme known as Holy Trinity Platt PCC Statement of Financial Artivities by fund for the Year Ended 31 December 2024 Total Total Unrestricted Unrestrirted Funds Funds 2024 2023 Income and Endowments from= Donations and legacies Charitable attivities 620.471 32,287 15,898 595,646 30,994 15,590 Investment income Totsl income 668,658 640.230 Expenditure on: Charitable attivities (725.960 (658.708 Total expenditure 25.960 658,708 Net expenditure Gross transfers between funds (57,304) 28,151 (18,478) 8,642 Net movement in fund5 (29,153) (9,836) Reconciliation of funds Total funds brought forward 362,177 372,013 TotaL funds carried forward 333,024 362.177 This page does not form part of the statutory financial statements. Page 47 2024 Annual Report Holy Trinity Platt The Parochial Church CounciL of the EcclesiasticaL Parish of Holy Trinity. RushoLme known a5 Holy Trinity Platt PCC Statement of Financial Activities by fund for the Year Ended 51 December 2024 Total Total Restrirted Restricted Funds Funds 2024 2023 Income and Endowments from: Donation5 and legacies 40,682 45,600 Total income 40,682 45.600 Expenditure on: CharitsbLe 3rtivities 17.740 28,307 Total expenditure (17,740) 28.307 Net income 22,942) (28.151) 17,295 8,642 Gross transfers between funds Net movement in funds (5,209) 8,651 Reconciliation of funds Total fund5 brought forward 55,541 46.890 TotaL funds carried forward 50,332 55,541 This page does not form part of the statutory financial statements. Page 48