# **Holy Trinity with St John the Divine Church, Regent Road, Leicester**
**Registered charity number: 1132601**
**Annual Report and Financial Statements of the Parochial Church Council Year ended 31 December 2021**
## **Incumbent**
Revd Elaine Sutherland Church Office 2 Upper King Street Leicester LE1 6XE
## **Bankers**
Lloyds TSB Bank plc Old Market Square Branch Nottingham NG1 6FD
HSBC Bank plc 31 Granby Street Leicester LE1 6EP
## **Auditors**
The Rowleys Partnership Ltd Chartered Accountants and Registered Auditors Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP
## **Solicitors**
Stone King LLP 4[th] Floor One Park Row Leeds LS1 5HN
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
The Trustees present their report and the audited financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **Governance**
Holy Trinity Church is situated on Regent Road, Leicester. It is part of the Diocese of Leicester within the Church of England. The correspondence address is Church Office, 2 Upper Church Street, Leicester, LE1 6XE.
## **Church Officials:**
**Incumbent**
Revd Elaine Sutherland (Chairman of PCC)
**Associate Vicar** Revd John McGinley (Resigned in July 2021), Revd Jitesh Patel, Revd James Norris (Appointed in September 2021)
**Curate** Revd Chris Szejnmann, Revd Jenny Ridge (Resigned in June 2021), Luke Dobson (Appointed in July 2021)
**Wardens** Helen Dyke, Nicholas Watts (Appointed in December 2020)
## **PCC Members:**
Elected at 2016 APCM Charles Franks* re-elected in 2019, Ian Morris * re-elected in 2019, Sheila Major * reelected in 2019 Elected at 2017 APCM Peter Hernandez* re-elected in 2020
Elected at 2018 APCM Nathan Obokoh* re-elected in 2021, Rachel Stanbrook (Resigned in April 2021), Claire Greaves (Resigned in April 2021), David Exon (Resigned in April 2021), Andy Oakley*, Stephen Shilling (Resigned in December 2021) Elected at 2019 APCM Sheila Major, Charles Franks*, Ian Morris, Helen Dyke (Appointed in April 2019) Elected at 2020 APCM Martin Manyame, Peter Hernandez Elected at 2021 APCM Nicholas Watts, Alan Schwarzenberger*, Nathan Obokoh*, Peter Hernandez* Debra Ogidi (Appointed in April 2021 and resigned in December 2021), Georgia Eugenie (Appointed in April 2021), Cameron Benoy (Appointed in April 2021)
_*indicates Deanery Synod member_
## **PCC Officers:**
Chairman Elaine Sutherland Lay Vice-Chairman Nicholas Watts (Appointed in January 2021) Treasurer Stephen Shilling (Resigned in 2021), Elizabeth Cooke (Appointed in January 2022) Secretary Sheila Major
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Structure, governance and management**
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Following changes to the law, the PCC was required to register with the Charity Commission during 2009 and became registered on 9 November 2009. Members of the PCC are either elected by the Annual Parochial Church Meeting (APCM) or are ex-officio in accordance with the Church Representation Rules.
Members of staff may attend PCC meetings as required by the PCC and participate fully in general discussions but have no entitlement to vote on any issue. PCC members are asked to declare any interests at the beginning of each meeting. The PCC have formalised procedures in the event of a conflict of interest arising in discussions at PCC meetings, for example in respect of salary or expenses discussions. Where any PCC member feels a conflict of interest has arisen, the conflict will be fully and openly declared. Staff members may be asked to leave the room when certain items giving cause to a conflict of interest are discussed and a full explanation will be given as to why the request is being made, the same may apply to PCC members where there is a conflict of interest.
The only committee of the Council is the Standing Committee, which meets only to deal with urgent business as and when required. The Standing Committee is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. The current members of the Standing Committee are the Incumbent, Churchwardens, the Treasurer, and the PCC Secretary.
All church attendees are encouraged to register on the Electoral Roll and to consider standing for election to the PCC.
## **Administrative Information**
## **Related parties**
During the year, the Church made payments to New Wine of which Revd Canon John McGinley is on the National Leadership Team.
## **Risk review**
The child protection policy was reviewed and updated as necessary in June 2021 and reported on each year. Safeguarding was made an agenda item in each PCC meeting to ensure the seriousness of this issue remains a priority. Health and Safety was also put on the agenda as a regular item.
Appropriate buildings and public and employee liability insurance is in place and is regularly reviewed.
## **Objectives and activities**
The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC of Holy Trinity is required, as stated in the Parochial Church Councils (Powers) Measure 1956, to co-operate with the Incumbent in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. In so doing, the incumbent and PCC seek to apply the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
The vision of the church is summarised as: Holy Trinity Church will be a community of missional disciples of many nations who will transform the city of Leicester, and beyond, with the Gospel of Jesus Christ.
## **Review of the Year**
Although we entered 2021 with a national lockdown due to the pandemic caused by Coronavirus, we did so with the Grace of God and the infrastructure that we had built to worship together across the ages via Live Stream and with the use of zoom. Across the year many who had joined Trinity on line in 2020 and 2021 began to attend in person. Our MSC’s (Mission shaped communities), children and youth groups and other ministries continued to make the most of Zoom with great success. We took the opportunity to use this renewed lockdown to provide an extensive Equipping Track program across the Spring term, with one off evenings through to courses and covering a wide range of subjects such as mission, the Difference Course, retreat days, parenting, worship and mental health. At least 75% of the church membership took part and this was highly successful and life giving at a difficult time. During Lent we held Morning Prayer on zoom each Wednesday 7-7.20 am and HTL Collective released an instrumental worship album called Emanation.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Review of the Year (Continued)**
As we resumed meeting in person from Easter Sunday afterwards, albeit with varying degrees of social distancing and wearing masks, we sought to nurture our community and move forward with mission. Upon our return after Easter we commenced with our Lament preaching series, encouraged engagement with the Prayer Course and ran the Bereavement Course. As part of this HTL wrote and released the worship song called ‘I Surrender’. The second half of the term our preaching series was on the theme of mission concluding with training, street outreach and a Sunday evangelistic service with Andrew Canon. Alongside this our MSCs gathered within the government guidelines making the most of meeting outdoors with the better weather. As an alternative to Alpha we created our own seekers course called ‘The Art of Hope’, using the testimonies of artists from our congregation and the Seven Stories of Hope. Over the summer our preaching series was on the fruits of the Spirit. We encouraged people to join New Wine online for Unite and in July HTL Students with some sixth formers in Glow had a hugely successful week’s holiday at Sizewell Hall, Suffolk.
In September we launched our vision: “Following Jesus, Making Disciples, Raising Disciples”. The sermons across September connected this vision to ‘Fling Wide the Gates, known as: Full Gospel, Living Word, Salvation, Prayer and Presence, New Sound, Mercy and Justice and All Nations. As part of this a highlight was our Big Week Ender 17th -19th September at Willow Tree Family Farm Kibworth. We hired a number of marquee’s and essential facilities which enabled 30 units to camp. Across the Friday evening, Saturday and Sunday morning over 300 people visited. We were blessed to have Simon Guillebaud as our guest speaker leading three teaching sessions whilst the children had their own teaching groups, concluding with an all age worship service on the Sunday morning. Saturday afternoon was designated as fun and fellowship with walks, games, inflatables and bbq all blessed with beautiful sunshine followed by evening entertainment. In many ways this was our Parish week and brought people together for the first time since the first lockdown in March 2020.
The Autumn term saw the commencement of Kingdom Hour on the first Tuesday of the month and the reestablishment of central church activities.
The Church of England has required each church to engage with discussions on Human Sexuality a process called Living in Love and Faith. SLT and the PCC met for a morning in the Spring term to look at this then had the opportunity to pilot the 5 week LLF course. This course is not a requirement of the process and their recommendation was that we should not ask our small group leaders to lead the course because it was weak in bible content and required careful pastoral leadership. We devoted a significant amount of the Autumn term to addressing this issue in the following ways: Elaine as the Vicar offered confidential ‘listening conversations’ for those who identify as LGBTQI+, have family or friends that do or have an interest in this subject, resulting in keeping good relationships, gaining valuable information and understanding. The Vicars through a seven week preaching series taught on God, Relationships and Identity and as part of this we held two Q&A sessions one in person and one on zoom. If desired the members of the church have been able to do the LLF Course with the Diocese and the youth team held a teaching series in the summer term.
During the Autumn we held our usual Alpha Course, second Preaching Conference in conjunction with New Wine, hosted the convergence conference, held our usual Christmas services and an experimental mid-week alternative in the KCH with an art exhibition. This year’s offertory went to IMJ in line with our call to address Modern Slavery.
Central to our ministry is the call to serve the poor and disadvantaged. Food bank continued to serve significant numbers and over the year as more provision opened up Triangle numbers decreased a little. TMAL continued to support clients during the year though numbers have been low and our Hope and Blue Mountain MSCs began to meet in person. Due to the Afghanistan Refugee crisis we began a new work with Refugees and Asylum seekers.
## **People changes**
A year after the pandemic first began things began to open up and once again the Lord started the process of reshaping the staff team for this new stage in the life of HTL. In the Spring term we advertised and appointed James Norris as Associate Vicar to begin after the completion of his curacy. James, his wife Charlotte and two boys joined us mid-September. We participated in the Government Kickstart Job Scheme employing two cohorts of four young adults across the year providing work experience and training with the support of staff and church members. Jitesh Patel began overseeing and teaching part-time St Mellitus Ordinand’s program for the Diocese and went down to 0.4 as Associate Vicar with HTL.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Review of the Year (Continued)**
In June we sent Simon Braker to Capstone Church London after being on the SLT for several years. We also sent Joe as they minister together but remain connected with them as Legacy Ministries is one of our Mission Links. In July we sent John McGinley to lead the new National Myriad Project. John served HTL as Vicar for 11 years and then as Associate Vicar for 18 months. We are immensely grateful for John for his ministry clearly supported by Bridget, Bethan and Alice.
In July Luke Dobson began his curacy with us as a designated Church Planting Curate under Resourcing Church with aim of Planting a Charismatic Anglo Catholic Church in the Diocese. In August Cam Plant finished his work with us as Children’s and Younger Worker to begin Ordination training, we are delighted that Cam has been able to stay at HTL for his placement. Elena Shackleford joining the in team in August as the new Children’s and Youth Worker.
Lois Davey completed her year of maternity cover for Bridget Patel as Assistant Minister for Compassion Ministries. Lois not only maintained this work but enabled it to flourish. Across the year and indeed prior to this, the Student Worker role expanded to incorporate Young Adults linking the top end of Glow, Students and Young Adults together. Lois Young who leads this ministry also joined SLT in the summer and is now employed as Assistant Minister for Students and Young Adults.
In the Autumn term the PCC completed a staffing review of the Operation and Administration needs of the church halted due to the Pandemic in 2020. We also had 4 new Mission Apprentices (Interns) in September with Stephanie Iltchenco remaining as leadership second year, plus two German social work students on placement in the Autumn serving in the Compassion and Youth departments and one DMU student commencing a 2 year, youth placement with our youth team.
Across the year we have seen the normal comings and goings of people within our church family and have been delighted to welcome many new people.
## **Achievements and performance Church attendance**
At the date of the APCM in 2021 there were 300 persons on the Electoral Roll. The analysis of the general attendance and participation in the life of the church was: 86 in person services were held at Holy Trinity during the year. 108 services were livestreamed. There was 1 funeral, 2 weddings, 6 adult baptisms, one infant baptism and one infant dedication.
The average number of adult attendees per Sunday during the month of October 2020 (the annual count month) 139 excluding those joining via Live stream. The average number of 0-18s attending on a Sunday was 53. The total number of people participating in the life and worship of Holy Trinity on a regular basis is 641 (2020: 632).
During the year the full PCC met eleven times and was involved in a number of decisions concerning the running of the Church, many of which have been explained above. The following is a summary of these decisions
- Approving expenditure according to the church budget.
- Progressing the sale of the Rectory Garage property to Prosol Enterprises.
- Approving staffing appointments (as described above).
- Complying with Charity Commission regulations.
- Making a number of small mission gifts to individuals and missions.
## **Financial review**
Total income for the year was £726,050 (2020: £748,592) and note 2 to the accounts gives a detailed analysis of this. Of this amount, £67,274 (2020: £73,115) was given for specific purposes and recorded in various restricted funds, £6,000 (2020: £3,000) was designated to be used for church planting, and the remaining £652,776 (2020: £672,477) put to the general fund to be used for the primary ongoing activities of the church.
Total expenditure for the year was £664,925 (2020: £682,173) as explained in note 3 to the accounts. Of this total, £18,914 (2020: £61,906) was expended from restricted funds, £13,185 (2020: £14,960) from designated funds, and £632,826 (2020: £605,307) from the general fund. In addition, there were transfers between funds totalling £12,641 (2020: £23,000).
Therefore, the general fund increased in the year by £4,969 (2020: £76,170). This is a better financial result than the £8,582 deficit which had been budgeted, thanks in part to larger one-off donations than expected, the unbudgeted continuation of the HMRC job retention scheme, and delays (hence cost savings) in filling budgeted staff vacancies.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Review of the Year (Continued)**
It’s important to note that these financial gains are one-off in nature, whereas the continuing pattern is a decline in congregational giving and the gift aid that’s recovered on this. Hopefully this explains the stance of repeatedly asking church members to prayerfully consider their giving, whilst at the same time reporting a strong financial performance for 2021 and currently having healthy financial reserves. As at 31 December, the balance on the general fund was £140,691 (2020: £135,722), which represents approximately 4 months of operational costs, which is higher than the 3 months required by the reserves policy, but not unreasonable given the exceptional financial circumstances of 2020 and 2021.
## **Reserves Policy**
It is not the intention of the PCC to hold large amounts of reserves for investment purposes, as it believes the churches resources should be used for the work of God’s kingdom, as it is provided to us. It is however recognised as prudent to keep some general reserves, held as cash in the bank, to cover primary operational costs in the event of an unforeseen reduction in income or increase in expenditure. It was the PCC’s policy to maintain a minimum of unrestricted funds of £100,612 during 2022 (2021: £101,884), which is reviewed and calculated each year. This is to cover operational costs equivalent to 3 months of gross salaries and essential running costs. The reserves policy indicates procedures which would be put into practice should the unrestricted fund reach its minimum.
## **Plans for future periods**
A budgeted deficit of £25,539 (2021: £8,582 deficit) for general unrestricted income and expenditure has been set for 2022. This reflects the known difficulties faced in operating in the current environment. The church will continue to donate 10% of annual income derived from congregational giving including gift aid to external home and overseas missions and individuals engaged in missionary work.
## **Public benefit**
The charity has achieved its objectives of the promotion of the advancing the Gospel of our Lord Jesus Christ. Activities and community programmes for all ages were held and are available freely. This has been to the benefit of church attendees and the wider community.
## **Statement of Trustees responsibilities**
The trustees are responsible for preparing the Trustees’ Annual 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 and Wales 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 2019 (FRS102).
- Make judgement 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.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 the Parochial Church Council on 12/04/2022.
.
**Revd Elaine Sutherland** Chairman
**Elizabeth Cooke** Treasurer
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Independent Auditor’s Report to the Trustees of Holy Trinity Church Leicester**
## **Opinion**
We have audited the financial statements of Holy Trinity Church Leicester (the ‘charity’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet, the cash flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
## **In our opinion the financial statements:**
- give a true and fair view of the state of the charity’s affairs as at 31 December 2021, and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustee’s annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Independent Auditor’s Report to the Trustees of Holy Trinity Church Leicester (Continued)**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- the charity has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 5, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant which are directly relevant to specific assertions in the financial statements are those related to the financial reporting frameworks (UK Generally Accepted Accounting Practice, the Charities Act 2011).
- We enquired of management, whether they were aware of any instances of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud;
- We assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur;
- Our testing considered unusual or unexpected journal entries on a sample basis;
- We evaluated the assumptions and judgements used by management within significant accounting estimates and assessing if these indicate evidence of management bias;
- We tested significant transactions, in particular the evaluation of the business rationale for any which appear unusual or outside the charity’s normal course of business;
- We assessed the appropriateness of the collective competence and capabilities of the engagement team by understanding the practical experience with audit engagements of a similar nature and complexity, plus ensuring the team had appropriate and relevant training of the financial reporting framework and the relevant tax compliance regulations specific to the entity;
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**HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **Independent Auditor’s Report to the Trustees of Holy Trinity Church Leicester (Continued)**
- We reviewed the financial statements and tested the disclosures against supporting documentation; and
- We communicated relevant matters to all members of the audit team to ensure they understood the risks specific to the entity and the audit procedures planned to mitigate these.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
The Rowleys Partnership Limited Statutory Auditors Eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP
Date: 12/04/2022
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
|**STATEMENT OF FINANCIAL ACTIVITIES**
**_notes_**
**INCOME and ENDOWMENTS from:**
**Voluntary Income**
_2a_
**Activities for Generating Funds**
_2b_
**Investment Income**
_2c_
**Income Resources from Charitable Activities**
_2d_
**Other Incoming Resources**
_2e_
**TOTAL**
**EXPENDITURE on:**
**Fundraising Costs**
_3_
**Charitable Activities**
Mission and Ministry
_3a_
Property, Management and Administration
_3b_
Other
_3c_
**TOTAL**
**NET INCOME(EXPENDITURE)**
**Transfers between funds**
_14_
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**Total funds brought forward**
**Total Funds carried forward**
_14_|**Unrestricted Restricted**
**Funds**
**Funds**
£
£
467,240
60,514
41,462
-
72
-
63,362
2,560
86,640
4,200|**2021**
**2020**
£
£
527,754
582,179
41,462
36,706
72
208
65,922
75,309
90,840
54,190
726,050
748,592
54,663
51,772
374,317
395,942
167,982
229,839
67,963
4,620
664,925
682,173
61,125
66,419
-
-
61,125
66,419
362,429
296,010
423,554
362,429
**TOTAL FUNDS**|
|---|---|---|
||658,776
67,274||
||54,663
-
366,216
8,101
157,169
10,813
67,963
-||
||646,011
18,914||
||12,765
48,360
12,641
(12,641)||
||25,406
35,719||
||340,957
21,472||
||366,363
57,191||
All income and expenditure derive from continuing activities.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
|**BALANCE SHEET AT 31 DECEMBER 2021**
**_notes_**
**FIXED ASSETS:**
**Tangible assets**
_7_
**CURRENT ASSETS:**
**Debtors**
_9_
**Asset held for Sale**
_10_
**Short term deposits**
**Cash at bank and in hand**
**LIABILITIES:**
**Creditors: Amounts falling due within one year**
_11_
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
_12_
**TOTAL NET ASSETS OR LIABILITIES**
**THE FUNDS OF THE CHARITY:**
**Restricted funds**
_14_
**Unrestricted funds**
_14_
**TOTAL FUNDS**|**2021**
**2020**
523,162
571,268
33,725
24,056
34,587
-
57,000
57,000
182,466
150,067
307,778
231,123
(64,232)
(83,271)
243,546
147,852
766,708
719,120
(343,154)
(356,691)
423,554
362,429
57,191
21,472
366,363
340,957
423,554
362,429|
|---|---|
Approved by the Parochial Church Council on 12/04/2022 and signed on its behalf by :
Revd Elaine Sutherland Elizabeth Cooke Chairman Treasurer
The notes 1 to 15 form part of these accounts.
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## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
|**STATEMENT OF CASH FLOWS**
**Cash flows from operating activities:**
**Net cash provided by (used in) operating activities -As below**
**Cash flows from investing activities:**
Interest on cash deposits
Proceeds from the sale of property and equipment
Purchase of property and equipment
**Net cash provided by (used in) investing activities**
**Cash flows from financing activities:**
Repayments of borrowing
Cash inflows from new borrowing
**Net cash provided by (used in) financing activities**
**Change in cash and cash equivalents in the reporting period**
**Cash and cash equivalents at 1st January**
**Cash and cash equivalents at 31st December**
**Net income/(expenditure) for the year ended 31st December**
**(as per statement of financial activities)**
**Adjustments for:**
Depreciation charges
Interest on investments
Loss/(profit) on sale of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in liabilities
**Net cash provided by (used in) operating activities**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
Cash deposits
**Total cash and cash equivalents**|**2021**
**2020**
£
£
**47,763**
**107,069**
72
208
-
-
(1,899)
(1,295)
(1,827)
(1,087)
(13,537)
(13,145)
-
-
(13,537)
(13,145)
32,399
92,837
207,067
114,230
**239,466**
**207,067**
**2021**
**2020**
£
£
61,125
66,419
15,418
15,157
(72)
(208)
-
(9,669)
17,273
(19,039)
8,428
**47,763**
**107,069**
**2021**
**2020**
£
£
182,466
150,067
57,000
57,000
**239,466**
**207,067**
**TOTAL FUNDS**|
|---|---|
11
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS**
## 1 **ACCOUNTING POLICIES**
Holy Trinity Church Leicester is an unincorporated charity registered in England and Wales. The address of the charity is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006.
The charity is a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a "true and fair" view and have departed from the Charites (Accounts and Reports) Regulation 2008 only to the extent required to provide a "true and fair view". This departure has involved following the Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland issued 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.
The financial statements have been prepared as a going concern under the historical cost convention except for the valuation on investment assets where appropriate, which are shown at market value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Funds**
General funds represent the funds of the PCC that are not subject to any restriction regarding their particular use and are available for application on the general purposes of the PCC.
Funds designated for a particular purpose by the PCC are also unrestricted.
Funds received that are subject to a restriction are held in a separate fund and used only for that purpose. Where monies given for a restricted capital purpose are expended, the asset is no longer viewed as restricted and an appropriate transfer is made to the General Fund. This includes the payment of any related mortgage liability.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
## **Incoming Resources**
## _Voluntary income and capital sources_
Collections are recognised when received by or on behalf of the PCC. Planned giving under Gift Aid is recognised only when received. Income tax on Gift Aid donations is recognised when the income is recognised. _Other ordinary income_
Rental income from the letting of church premises is recognised when the rental is due.
_Income from investments_
Interest is accounted for as it accrues.
## **Gains and losses on investments**
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December in each year.
12
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS**
## 1 **ACCOUNTING POLICIES (continued)**
## **Resources used**
_Grants_
Government grants receivable in relation to job retention scheme, retail scheme and the kickstart scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis.
## _Activities directly relating to the work of the church_
The parish share is accounted for when paid. Any parish share unpaid at 31 December is not provided for in these accounts, as it is a voluntary contribution and not legally enforceable.
## _Allocation of Costs_
Costs have been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The PCC is exempted from tax under s.505 ICTA 1988, as a registered charity (reference 1132601).
## **Fixed assets**
_Consecrated land and buildings and movable church furnishings_
The value of these assets is excluded from the accounts by virtue of s.96(2)(a) of the Charities Act 2011. Any expenditure, whether maintenance or improvement, is written off to revenue in the year it arises. _Purchased land and buildings_
Purchased land and buildings are stated at cost. Buildings are depreciated over 50 years on a straight line basis.
## _Other fixtures, fittings and office equipment_
Expenditure below £500 per item is written off in the year of acquisition. Computer equipment and other equipment is depreciated over 5 years on a straight line basis.
## **Current assets**
All amounts owing to the PCC at 31 December are shown as debtors, less a provision for any amounts that may prove uncollectable.
Short term deposits comprise funds held on deposit with the CCLA Church of England Funds. Provisions for liabilities are shown where an essential future cost is estimated at the year end. Asset held for Sale includes the Rectory garage which will be sold within 12 months of the Accounts.
## **Pension costs**
The PCC as 'Employer' has an auto enrolment pension scheme with the Peoples Pension. All qualifying employees are automatically enrolled on the scheme and non-qualifying employees offered to enrol, at the start of their employment. Contributions are made by both employer and employee into the scheme according to their staff contract. Employers continuing responsibility and duties will be undertaken.
## **Risk management**
The PCC recognises its responsibility for identifying and managing risks within the organisation. A working party of PCC members has identified, collated and scored risks for the PCC to manage and action as necessary.
## **Donated goods, facilities and services, including volunteers**
Income raised from donated gifts for resale is recognised at the point of sale where the value of the donation is considered not material in the context of total annual income and/or where the estimated resale value cannot be determined.
The organisation relies on the contribution of many unpaid general volunteers to carry out activities. In the absence of a reliable basis for measurement, this contribution is not accounted for in monetary terms.
## **Going Concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
13
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **Cash and cash equivalents**
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
|**Unrestricted**
**Funds**
**£**
**2 INCOME and ENDOWMENTS**
2a **Voluntary Income**
Planned Giving
Gift Aided Donations
265,231
Non Gift Aided Donations
58,483
Tax Recoverable
72,450
Collections (Open plate)
3,379
One off Gifts
30,912
Sponsorship Income - New Wine
4,385
Diocese Income
6,600
Grants
25,800
467,240
2b **Activities for Generating Funds**
Coffee Shop
32,141
External Conferencing & Room hire
9,321
41,462
2c **Investment Income**
Bank Interest
72
72
2d **Income Resources from Charitable Activities**
Church Fees i.e. weddings
578
Income from Church Activities
62,774
Mission Shaped Book
10
Hardship Fund
-
63,362
2e **Other Incoming Resources**
Tower Street & Lancaster Rd Rent
3,181
Job Retention Scheme - HMRC Grant
12,687
Kickstart & Apprentice Schemes
68,873
LPW grant for VAT
1,899
Building Fund Expenditure - Refund
-
86,640
**TOTAL**
**658,776**|**Unrestricted**
**Funds**
**£**
265,231
58,483
72,450
3,379
30,912
4,385
6,600
25,800|**Restricted**
**Funds**
**£**
20,814
17,644
5,306
16,750|**TOTAL FUNDS**
**2021**
**£**
286,045
76,127
77,756
3,379
30,912
4,385
6,600
42,550
527,754
32,141
9,321
41,462
72
72
578
64,774
10
560
65,922
3,181
12,687
68,873
1,899
4,200
90,840
**726,050**|**Unrestricted**
**Funds**
**£**
269,361
59,396
78,798
4,704
56,901
10,173
38,634
3,000
520,967
28,703
8,003
36,706
208
208
125
62,612
3,704
-
66,441
2,618
48,537
-
-
-
51,155
**675,477**|**Restricted**
**TOTAL FUNDS**
**Funds**
**2020**
**£**
**£**
29,323
298,684
12,547
71,943
8,092
86,890
4,704
56,901
10,173
38,634
11,250
14,250
61,212
582,179
-
28,703
-
8,003
-
36,706
-
208
-
208
-
125
3,870
66,482
-
3,704
4,998
4,998
8,868
75,309
-
2,618
-
48,537
-
-
3,035
3,035
-
-
3,035
54,190
**73,115**
**748,592**|
|---|---|---|---|---|---|
||467,240|60,514||||
||32,141
9,321|-
-||||
||41,462|-||||
||72|-||||
||72|-||||
|||-
2,000
-
560||||
||63,362|2,560||||
||3,181
12,687
68,873
1,899
-|-
-
-
-
4,200||||
||86,640|4,200||||
|||||||
||**658,776**|**67,274**||||
14
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
|**3 EXPENDITURE on:**
**Costs of generating funds**
Coffee Shop expenses
Coffee Shop Staff Salaries & Pension
External Conferencing & Room hire
**3a**
**Charitable Expenditure**
**Mission and Ministry**
Mission Links - Individuals (note 15)
Mission Links - Societies and Organisations (note 15)
Individual Gifts - amounts paid (note 15)
Diocese Parish Gift
Mission - Students, Imprint, MSC's, Alpha & Evangelism
TMAL & Triangle
Young Trinity, Youth and Schools Work
Resellables
Resource Church
Training and Development - Incls NWDY
Church Events and Hospitality
Christian Conferences
Church Services & Music
Church Fees Costs i.e. weddings
Hardship Fund
Ministerial Staff Salaries & Pensions
Ministerial Staff Expenses
Mission Shaped Book
**3b**
**Property, Management & Administration**
Church & Offices - insc, rates, utilities, cleaning & carpark
Church Repairs and Maintenance
Equipment , Depreciation and Technical Maintenance
Trinity Hall Running Costs
Trinity Hall & Rectory Garage Depreciation
Building Fund Development Expenditure
Administrative Staff Salaries, Pensions & Expenses
Tower St & Fosse Rd - Rent and Costs
Office Expenses and Printing
Professional Fees and Licensing fees
Bank Charges
Mortgage Interest
**3c**
**Other**
Auditor's Remuneration
Kickstart set up costs
Kickstart Salaries & Pension
**TOTAL**|**Unrestricted**
**Funds**
£
12,892
37,652
4,119|**Restricted**
**Funds**
£
-
-
-|**TOTAL FUNDS **
**2021**
£
12,892
37,652
4,119
54,663
2,865
31,900
3,297
108,000
10,094
5,352
8,130
542
4,729
24,907
20,506
-
6,289
103
572
146,944
62
25
374,317
19,005
9,650
8,508
9,954
13,185
350
80,140
3,935
8,370
4,314
108
10,463|**Unrestricted**
**Funds**
£
9,867
39,166
2,739|**Restricted TOTAL FUNDS**
**Funds**
**2020**
£
£
-
9,867
-
39,166
-
2,739
-
51,772
-
3,500
-
43,100
-
1,790
-
79,400
9,193
13,972
2,246
4,224
116
2,029
-
80
-
3,990
-
39,941
-
1,238
-
4,930
-
5,950
-
-
6,763
6,763
-
184,621
-
297
-
117
18,318
395,942
-
22,878
-
7,011
-
8,231
-
9,877
-
13,185
32,733
32,733
-
107,629
-
3,686
-
10,023
-
3,695
-
36
10,855
10,855
43,588
229,839
-
4,620
-
-
-
-
-
4,620
**61,906**
**682,173**|
|---|---|---|---|---|---|
||54,663|-||51,772||
||2,865
31,900
3,297
108,000
6,740
1,298
8,009
542
4,729
24,907
20,506
-
6,289
103
146,944
62
25|-
-
-
-
3,354
4,054
121
-
-
-
-
-
-
-
572
-
-
-||3,500
43,100
1,790
79,400
4,779
1,978
1,913
80
3,990
39,941
1,238
4,930
5,950
-
184,621
297
117||
||366,216|8,101||377,624||
||19,005
9,650
8,508
9,954
13,185
80,140
3,935
8,370
4,314
108
-|-
-
-
-
-
350
-
-
-
-
-
10,463||22,878
7,011
8,231
9,877
13,185
107,629
3,686
10,023
3,695
36
-||
||157,169|10,813|167,982|186,251||
||5,070
19,918
42,975|-
-
-|5,070
19,918
42,975
67,963
**664,925**|4,620
-
-||
||67,963|-||4,620||
|||||||
||**646,011**|**18,914**||**620,267**||
15
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
|**4**
**NET INCOME FOR THE YEAR**
Net income is stated after charging:
Depreciation
Operating lease rentals
**5**
**STAFF COSTS**
Wages and salaries
Social Security costs
Pension costs
**TOTAL**|**2021**
**2020**
£
£
15,418
15,157
-
1,175
**2021**
**2020**
£
£
273,639
277,232
18,051
21,137
16,021
18,048
**307,711**
**316,417**|
|---|---|
In 2021, the PCC employed an average of 17 (2020: 15) members of staff. The full time equivalent employees were 11 (2020: 11) During the year, 11 people were employed under the Kickstart Scheme. A scheme for employers to create jobs for 16 to 24 year olds on Universal Credit. There were no employees who earned more than £60,000 including pension costs. The PCC contributed to a defined contribution personal pension scheme for 13 employees (2020: 17).
## **6 REMUNERATION AND EXPENSES PAID TO TRUSTEES AND SENIOR LEADERSHIP STAFF**
No trustee was paid for their services as trustee. Expenses incurred wholly, exclusively and necessarily for the benefit of the organisation were reimbursed during 2021 to 6 (2020: 3) trustee of £5,821 (2020: £6,967) and 2 (2020: 2) Senior Leadership Staff of £4,856 (2020: £7,573). Trustee indemnity was paid for on behalf of the trustees.
## **7 FIXED ASSETS FOR USE BY THE PCC**
|**Tangible Fixed Assets**
Cost at 1 January 2021
Additions
Reclassification of Asset
Cost at 31 December 2021
Depreciation at 1 January 2021
Depreciation for the year
Reclassification of Asset
Depreciation at 31 December 2021
NBV at 31 December 2021
NBV at 31 December 2020|**Property**
£
659,294
-
(41,172)|**Equipment**
**Total**
£
£
19,554
678,848
1,899
1,899
-
(41,172)
21,453
639,575
15,283
107,580
2,233
15,418
-
(6,585)
17,516
116,413
3,937
523,162
4,271
571,268|
|---|---|---|
||618,122
92,297
13,185
(6,585)||
||98,897
519,225||
||566,997||
The PCC rents 72 Tower Street from Midland Heart under an agreement that allows the PCC to sub-let the property on a not for profit basis. All rental income and expenses are included in the SOFA.
16
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **8 ANALYSIS OF NET ASSETS BY FUND**
|Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**9**
**DEBTORS**
Gift Aid recoverable
Other debtors & prepayments
**10 CURRENT ASSET INVESTMENT**
Asset held for Sale|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
£
£
£
£
523,162
-
523,162
571,268
250,587
57,191
307,778
231,123
(64,232)
-
(64,232)
(83,271)
(343,154)
-
(343,154)
(356,691)
366,363
57,191
423,554
362,429
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
£
£
£
£
5,612
390
6,002
12,660
27,723
-
27,723
11,396
33,335
390
33,725
24,056
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
£
£
£
£
34,587
-
34,587
-|
|---|---|
The asset held for sale is a property held by the charity that will be sold within the next 12 months of the financial statements and therefore has been reclassified from fixed asset to current asset investment.
## **11 LIABILITIES : AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Creditors for goods and services
Missionary allocations and gifts
Deferred income
Other Creditors
Accrued expenses
Mortgage capital repayment|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
£
£
£
£
2,688
-
2,688
14,176
-
-
-
8,375
30,047
-
30,047
33,097
10,176
-
10,176
6,988
7,321
-
7,321
6,635
14,000
-
14,000
14,000
64,232
-
64,232
83,271|
|---|---|
Deferred income relate to monies received for the cost of training internship students for 11 months inline with the academic year and monies received in advance for academic years 2022/2023.
## **12 LIABILITIES : AMOUNTS FALLING DUE MORE THAN ONE YEAR**
|**LIABILITIES : AMOUNTS FALLING DUE MORE THAN ONE YEAR**
Mortgage loan with Methodist Chapel Aid secured on Trinity Hall
Repayment term over 25 years.|**2021**
**2020**
£
£
343,154
356,691|
|---|---|
17
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **13 TRANSACTIONS WITH RELATED PARTIES**
During the year, the church made a gift payment of £1,000 (2020: £350) to J Patel (2020: J McGinley) towards his PhD research. The amounts paid are detailed in note 15. During 2020, the church made payments to New wine, of which the incumbent, the Reverend J McGinley was a representative and Regional Director.
## **14 SUMMARY OF FUND MOVEMENTS**
|**Restricted funds:**
Hardship Fund
Trinity Money Advice (TMAL)
Compassion Fund
Compassion Life Skills Funds
Children's Work Award Fund
Imprint Fund
Worship Leader Fund
**14c**
**Unrestricted funds:**
General funds
**Designated funds:**
Holy Trinity Church Plant Fund
Trinity Hall Fund
**14a**
Rectory Garage Fund
**14b**
Small Gifts Fund
Building Maintenance Fund
**14d**
**Total funds**
Buildings Development Fund|01.01.2021
31.12.2021
Fund balances
brought forward
Income
Expenditure
Transfers
Fund balances
carried forward
£
£
£
£
£
1,516
663
(572)
-
1,607
467
13
(480)
-
-
7,856
27,904
(10,814)
(12,641)
12,305
4,338
17,679
(3,573)
-
18,444
931
-
-
-
931
499
-
(121)
-
378
3,615
5,265
(3,354)
-
5,526
2,250
15,750
-
-
18,000
21,472
67,274
(18,914)
(12,641)
57,191
135,722
652,776
(632,826)
(14,981)
140,691
6,000
6,000
-
-
12,000
161,792
-
(12,362)
12,641
162,071
35,410
-
(823)
-
34,587
2,033
-
-
4,981
7,014
-
-
-
10,000
10,000
340,957
658,776
(646,011)
12,641
366,363
362,429
726,050
(664,925)
-
423,554|
|---|---|
- **14a** The Trinity Hall Fund shows the capital balance of reserves after depreciation vested in the purchase of that building, the balance being the mortgage loan with Methodist Chapel Aid, note 11. The transfer between funds represents the capital repayment of the mortgage during the year.
- **14b** The Rectory Garage Fund shows the capital balance of reserves after depreciation of the amount vested in the purchase of that building. The Rectory Garage is currently held for sale and is included in current assets, note 10.
- **14c** The Worship leader fund is to support the cost of the employee's salary. There is £18,000 left in the Fund which in future years will be transferred to the general funds to reduce the impact of the full cost of the salary.
- **14d** Building Maintenance Fund - As a result of the Quinquennial report, roof repairs are required on the Trinity Hall Building and funds are set aside for that purpose.
18
**HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **14 SUMMARY OF FUND MOVEMENTS (continued)**
## **Comparatives summary of fund movements**
|**Restricted funds:**
Hardship Fund
Trinity Money Advice (TMAL)
Compassion Fund
Compassion Life Skills Funds
Children's Work Award Fund
Imprint Fund
Worship Leader Fund
**Unrestricted funds:**
General funds
**Designated funds:**
Holy Trinity Church Plant Fund
Trinity Hall Fund
Rectory Garage Fund
Small Gift Fund
**Total funds**
Buildings Development Fund|01.01.2020
31.12.2020
Fund balances
brought forward
Income
Expenditure
Transfers
Fund balances
brought forward
£
£
£
£
£
2,409
5,870
(6,763)
-
1,516
287
180
-
-
467
28,559
36,885
(43,588)
(14,000)
7,856
548
6,036
(2,246)
4,338
931
-
-
-
931
615
-
(116)
-
499
(86)
12,894
(9,193)
-
3,615
-
11,250
-
(9,000)
2,250
33,263
73,115
(61,906)
(23,000)
21,472|
|---|---|
||59,552
672,477
(605,307)
9,000
135,722
3,000
3,000
-
-
6,000
160,154
-
(12,362)
14,000
161,792
36,233
-
(823)
-
35,410
3,808
(1,775)
-
2,033
262,747
675,477
(620,267)
23,000
340,957
296,010
748,592
(682,173)
-
362,429|
19
## **HOLY TRINITY CHURCH LEICESTER ANNUAL REPORT Year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
|**15**
**GRANTS**
**Giving to Missions and other organisations:**
**Individual recipient**
**Link**
S Nantes
S Korrai
A & L Zhang
**Societies & organisations**
A Fanstone
IRIS Ministries
S Wheway
Hellenic Ministries
Christian Aid
Open Doors
Fusion
Student ministry
Tanzania Project
New Wine
Home mission
Saffiers
Resource
Alison Morgan
S Braker
ROC UK
Community Money Advice
CPAS
Leicester Citizens
Safe Families for Children
International Justice Mission
Holy Trinity Church Plant
Church Mission Society - Toliara famine relief
Tanzania Water Project - C Ndigirwa
Diocese Of Leicester
University of Leicester CU
Demontfort University CU
**Giving to individual mission**
J Patel
S Iltchenco - Visa Costs
Andrew Cannon
S Iltchenco - Mission Costs
S Nantes - Mission Costs
S Rudge
A.Webster - Leicester Citizens
J.Hamer
J. Mc Ginley - Gift for Studies
H Fryer - Gift
S. Wheway
G.Scott - Mission Gift
PCC leaving gifts
**Total Mission payments**|**2021**
£
240
1,750
875
2,865
2,625
2,625
1,125
1,125
2,250
3,750
1,125
2,625
2,625
2,625
300
100
500
1,000
500
1,000
6,000
-
-
-
-
-
31,900
1,000
887
200
150
60
1,000
-
-
-
-
-
-
-
3,297
**38,062**|**2020**
£
-
-
3,500|
|---|---|---|
|||3,500|
|||3,500
3,500
1,500
1,500
3,000
5,000
1,500
3,500
3,500
3,500
300
100
500
1,000
-
-
3,000
500
1,000
6,200
250
250|
|||43,100|
|||-
-
-
-
-
-
200
300
350
100
500
300
40|
|||1,790|
||||
|||**48,390**|
20