2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity, Leicester

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Holy Trinity Church	is situated	on Regent Road, Leicester. It is part ofthe	Diocese ofLeicester within	Diocese ofLeicester within	Diocese ofLeicester within	Diocese ofLeicester within	the Church of England.	the Church of England.	the Church of England.
The correspondence	address	is Church Office, 2 Upper Church Street, Leicester, LE1 6XE.
Church Officials:
Incumbent		Revd Elaine Sutherland (Chairman ofPCC)
Associate Vicar		Revd Jitesh Patel, Revd James Norris
Curate		Revd Luke Dobson (Resigned in August	2022), Revd Claus-Christian					Szejnmann
		(Resigned in July 2022).
Wardens		Helen Dyke, Nicholas Watts
PCC Members:
Elected at 2017APCM		Peter Hernandez re-elected in 2020
Elected at 2018APCM		Nathan Obokoh" re-elected in 2021, Andrew		Oakley* re-elected		in 2021.
Elected at 2019APCM		Helen Dyke, Sheila Major" (Resigned in	April	2022), Charles Franks"				(Resigned	in April
		2022), lan Morris (Resigned in April 2022).
Elected at 2020 APCM		Martin Manyame, Peter Hernandez
Elected at 2021 APCM		Nicholas Watts, Alan Schwarzenberger,	Georgia Eugenic		(Resigned			in Sep 2022),
		Cameron Benoy*
Elected at 2022 APCM		Michael Robins (Appointed in May 2022), Susan Lewis (Appointed					in	May 2022), Olapeju
		Ogunmonken (Appointed in May 2022).
		"indicates Deanery Synod member
PCC Officers:
Chairman		Elaine Sutherland
Lay Vice-Chairman		Nicholas Watts
Treasurer		Elizabeth Cooke (Appointed in January	2022	and resigned	in December 2022),				Alex
		Herrick (Appointed December 2022).
Secretary		Sheila Major (Resigned in April 2022) Olapeju		Ogunmonken	(from April 2022)

STATEMENT OF FINANCIAL	ACTIVITIES	ACTIVITIES			Unrestricted	Restricted	TOTAL	FUNDS
					Funds	Funds	2022	2021
				notes	E
INCOME and ENDOWMENTS		from:
Voluntary Income				2a	433,649	17,322	450,971	527,754
Activities for Generating		Funds		2b	76,655		76,655	41,462
Investment Income				2c	381		381	72
Income Resources from Charitable			Activities	2d	71,159	1,805	72,964	65,922
Other Incoming Resources				2e	48,402		48,402	90,840
Net proceeds from Sale ofAsset				2f	108,239		108,239
TOTAL					738,485	19,127	757,612	726,050
EXPENDITURE on:
Fundraising Costs				30	69,701		69,701	54,663
Charitable Activities
Mission and Ministry				3b	365,557	12,238	377,795	374,317
Property, Management	and Administration			3c	152,728	7,704	160,432	167,982
Other				3d	38,428		38,428	67,963
TOTAL					626,414	19,942	646,356	664,925
NET INCOME(EXPENDITURE)					112,071	(815)	111,256	61,125
Transfers between funds					13,000	(13,000)
NET MOVEMENT IN FUNDS					125,071	(13,815)	111,256	61,125
RECONCILIATION OF FUNDS:
Total funds brought forward					366,363	57,191	423,554	362,429
Total Funds carried forward				24	491,434	43,376	534,810	423,554

BALANCE SHEET AT31DECEMBER 2022	BALANCE SHEET AT31DECEMBER 2022	BALANCE SHEET AT31DECEMBER 2022	notes	2022	2021
FIXEDASSETS:
Tangible assets				510,844	523,162
CURRENT ASSETS:
Debtors			9	30,625	33,725
Asset held for Sale			10		34,587
Short term deposits				57,000	57,000
Cash at bank and in	hand			184,848	182,466
				272,473	307,778
LIABILITIES:
Creditors: Amounts	falling due within one year			(72,878)	(64,232)
Net current assets				199,595	243,546
Total assets less current		liabilities		710,439	766,708
Creditors: Amounts	falling due after more than one year		12	(175,629)	(343,154)
TOTAL NET ASSETSOR LIABILITIES				534,810	423,554
THE FUNDS OF THE CHARITY:
Restricted funds			14	43,376	57,191
Unrestricted funds			14	491,434	366,363
TOTAL FUNDS				534,810	423,554

ATEM	ENT OF CASH FLOWS				TOTAL FU	NDS
					2022	2021
Cash	flows from operating activities:
Net cash provided by (used in) operating		activities -		As below	35,941	47,763
Cash	flows from investing activities:
	Interest on cash deposits				381	72
	Proceeds from the sale of property	and equipment			142,826
	Purchase of property and equipment				(2,340)	(1,899)
	Net cash provided by (used in) investing		activities		140,867	(1,827)
Cash	flows from financing activities:
	Repayments of borrowing				(174,426)	(13,537)
	Net cash provided by (used in) financing		activities		(174,426)	(13,537)
Change in cash and cash equivalents in the reporting				period	2,382	32,399
Cash	and cash equivalents at 1stJanuary				239,466	207,067
Cash	and cash equivalents at 31stDecember				241,&48	239,466
					2022	2021
Net income/(expenditure) for the year ended 31stDecember
(as per statement offinancial activities)					111,256	61,125
Adjustments for:
	Depreciation charges				14,658	15,418
	Interest on investments				(381)	(»)
	Loss/(profit) on sale offixed assets				(108,239)
	(Increase)/decrease in debtors				3,100	(9,669)
	Increase/(decrease) in liabilities				15,547	(19,039)
Net cash provided by (used in) operating		activities			35,941	47,763
Anal	sis ofcash and cash e uivalents				2022	2021
	Cash at bank and in hand				184,848	182,466
	Cash deposits				57,000	57,000
Total cash and cash equivalents					241,848	239,466

2	INCOME and ENDOWMENTS	INCOME and ENDOWMENTS	INCOME and ENDOWMENTS			Unrestdcted	Restricted	TOTAL FUNDS	Unrestdcted	Restricted	TOTAL FUNDS
						Funds	Funds	2022	Funds	Funds	2021
							f		E
2a	Voluntary Income
	Planned Giving
	Gift Aided Donations					264,733	11,460	276,193	265,231	20,814	286,045
	Non Gift Aided Donations					59,825	2,041	61,866	58,483	17,644	76,127
	Tax Recoverable					72,720	3,821	76,541	72,450	5,306	77,756
	Collections (Open plate)					8,288		8,288	3,379		3,379
	One off Gifts					21,329		21,329	30,912		30,912
	Sponsorship Income -	New		Wine					4,385		4,385
	Diocese Income								6,600		6,600
	Grants					6,754		6,754	25,800	16,750	42,550
						433,649	17,322	450,971	467,240	60,514	527,754
2b	Activities for Generating		Funds
	Coffee Shop					63,157		63,157	32,141		32,141
	External Conferenceing		8	Room	hire	13,498		13,498	9,321		9,321
						76,655		76,655	41,462		41,462
2c	Investment Income
	Banklnterest					381		381	72		72
						381		381	72		72
2d	Income Resources from	Charitable			Activities
	Church Fees i.eweddings					841		841	578		578
	Income from Church Activities					70,288	1,000	71,288	62,774	2,0X	64,774
	Book income					30		30	10		10
	Hardship Fund						805	805			560
						71,159	1,805	72,964	63,362	2,560	65,922
2e	Other Incoming Resources
	Tower Street Rent					10,610		10,610	3,181		3,181
	Job Retention Scheme	-	HMRC Grant						12,687		12,687
	Kickstart @Apprentice	Schemes				37,517		37,517	68,873		68,873
	LPW grant for VAT					275		275	1,899		1,899
	Building Fund Expenditure			- Refund						4,200	4,200
						48,402		48,402	86,640	4,200	90,840
2f	Net proceeds from Sale	ofAsset				108,239		108,239
	TOTAL					738,485	19,127	757'612	658,776	67,274	726,050

NO	TES TO THE FINANCIAL STAT	E	ME	NTS (continue	d)	d)
3	EXPENDITURE				Unrestricted		Restricted	TOTAL FUNDS	Unrestricted	Restricted		TOTAL FUNDS
						Funds	Funds	2022	Funds	Funds		2021
						E	f	f	E	f		f
3a	Costs ofgenerating funds
	Coffee Shop expenses					20,814		20,814	12,892			12,892
	Coffee Shop Staff Salaries		&	Pension		46,125		46,125	37,652			37,652
	External Conferenceing	8	Room hire			2,762		2,762	4,119			4,119
						69,701		69,701	54,663			54,663
	Charitable Expenditure
3b	Mission and Ministry
	Mission Links - Individuals		(note 15)			2,106		2,106	2,865			2,865
	Mission Links —Societies	&Organisations			(note 1	42,040		42,040	31,900			31,900
	Individual Gifts - amounts		paid (note 15)			2,530		2,530	3,297			3,297
	Diocese Parish Gift					108,000		108,000	108,000			108,000
	Mission —Students, Imprint,			MSC's, Alpha	8
	Evangilism					7,218	5,420	12,638	6,740	3,354		10,094
	TMAL &Compassion ministries					1,930	5,483	7,413	1,298	4,054		5,352
	Young Trinity, Youth and	Schools Work				8,572	44	8,616	8,009		121	8,130
	Resellables								542			542
	Resource Church					7,317		7,317	4,729			4,729
	Training and Development		-	Incls NWDY		12,550		12,550	24,907			24,907
	Church Events and Hospitality					3,995		3,995	20,506			20,506
	Christian Conferences					33		33
	Church Services &Music					11,118		11,118	6,289			6,289
	Church Fees Costs i.e.weddings								103			103
	Hardship Fund						1,291	1,291			572	572
	Ministerial Staff Salaries	&Pensions				158,046		158,046	146,944			146,944
	Ministerial Staff Expenses								62			62
	Book resellable					102		102	25			25
						365,557	12,238	377,795	366,216	8,101		374,317
3c	Property, Management	&	Administration
	Church 8 Offices - insc,	rates, utilities, cleaning
	& carpark					22,959		22,959	19,005			19,005
	Church Repairs and Maintenance					6,245		6,245	9,650			9,650
	Equipment, Depreciation		and Technical
	Maintenance					3,265		3,265	8,508			8,508
	Trinity Hall Running Costs					11,478		11,478	9,954			9,954
	Trinity Hall &Rectory Garage			Depreciation		12,362		12,362	13,185			13,185
	Building Fund Development			Expenditure							350	350
	Administrative Staff Salaries,			Pensions &	Expens	71,326		71,326	80,140			80,140
	Tower Street - Rent and	Costs				12,624		12,624	3,935			3,935
	Office Expenses and Printing					8,094		8,094	8,370			8,370
	Professional Fees and Licensing fees					4,236		4,236	4,314			4,314
	Bank Charges					139		139	108			108
	Mortgage Interest						7,704	7,704		10,463		10,463
						152,728	7,704	160,432	157,169	10,813		167,982
3d	Other
	Auditor's Remuneration					5,520		5,520	5,070			5,070
	Kickstart set up costs					1,026		1,026	19,918			19,918
	Kickstart Salaries &Pension					31,882		31,882	42,975			42,975
						38,428		38,428	67,963			67,963
	TOTAL					626,414	19,942	646,356	646,011	18,914		664,925

4	NET INCOME FOR THE YEAR						2022	2022		2021
								f		f
	Net income is stated after charging:
	Depreciation							14,658		15,418
5	STAFF COSTS						2022			2021
								f		f
	Wages and sa Iaries						277,674			273,639
	Socia I Security costs							15,023		18,051
	Pension costs							14,682		16,021
	TOTAL						307,379			307,711
	In 2022, the PCC employed	an average of16(2021:17)members				of	staff. The full time equivalent	employees		were 11
	(2021:11)During the year,	10people were employed		under the		Kickstart Scheme. A scheme for		employers	to	create jobs
	for 16to 24 year olds on Universal		Credit. There were no employees				who earned more than f60	000 including		pension
	costs. The PCC contributed	to a defined contribution		personal	pension scheme for 11employees			(2021:13).

FIXEDASSETS FOR USE BYTHE PCC
	Property	Equipment	Total
Tangible Fixed Assets	f	f	f
Cost at 1Janua ry 2022	618,122	21,453	639,575
Additions		2,340	2,340
Reclassification ofAsset
Cost at 31December 2022	618,122	23,793	641,915
Depreciation at 1January 2022	98,897	17,516	116,413
El i mi nated on dispos a I
Depreciation for the year	12,362	2,296	14,658
Depreciation at 31 December 2022	111,259	19,812	131,071
NBV at 31December 2022	506,863	3,981	510,844
NBV at 31December 2021	519,225	3,937	523,162

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
				f	f	f	f
	Fixed Assets			510,844		510,844	523,162
	Current Assets			229,097	43,376	272,473	307,778
	Current Liabilities			(72,878)		(72,878)	(64,232)
	Long Term Liabilities			(175,629)		(175,629)	(343,154)
				491,434	43,376	534,810	423,554
9	DEBTORS			Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
				f	f	f	f
	Gift Aid recoverable			6,279	221	6,500	6,002
	Other debtors R	prepayments		24,125		24,125	27,723
				30,404	221	30,625	33,725
10	CURRENT ASSET	INVESTMENT		Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
				f	f	f	f
	Asset held for Sale						34,587
	The assest held for sale		previously	was sold in the year.
11	LIABILITIES:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
	Creditors for goods and		services	21,109		21,109	2,688
	Deferred income			26,192		26,192	30,047
	Other Creditors			10,661		10,661	10,176
	Accrued expenses			7,817		7,817	7,321
	Mortgage capita	I repayment		7,099		7,099	14,000
				72,878		72,878	64,232

	academic year and monies received i	nadvance for academic	years 2022/202	3.
12	LIABILITIES:AMOUNTS FALLING DUE	MORE THAN ONE YEAR		2022	2021
	Mortgage loan with Methodist Chapel	Aid secured on Trinity	Hall	175,629	343,154

			Fund balances				Fund	balances
			brought forward	Income	Expenditure	Transfers	carried	forward
Restricted funds:
Hardship Fund			1,516	663	(572)			1,607
Trinity Money Advice (TMAL)			467	13	(480)
Buildings Development		Fund	7,856	27,904	(10,814)	(12,641)		12,305
Compassion Fund			4,338	17,679	(3,573)			18,444
Compassion Life Skills		Funds	931					931
Children's Work Award		Fund	499		(121)			378
Imprint Fund			3,615	5,265	(3,354)			5,526
Worship Leader Fund			2,250	15,750				18,000
			21,472	67,274	(18,914)	(12,641)		57,191
Unrestricted funds:
Genera I funds			135,722	652,776	(632,826)	(14,981)		140,691
Desi nated funds:
Holy Trinity Church	Plant Fund		6,000	6,000				12,000
Trinity Hall Fund			161,792		(12,362)	12,641		162,071
Rectory Garage Fund			35,410		(823)			34,587
Sma II Gifts Fund			2,033			4,981		7,014
Building Maintenance		Fund				10,000		10,000
			340,957	658,776	(646,011)	12,641		366,363
Total funds			362,429	726,050	(664,925)			423,554

GRANTS			2022	2021
Giving to Missions and other organisations:
Individual recipient		Link
5 Nantes			360	240
S Korrai			1,746	1,750
A& LZhang				875
			2,106	2,865
Societies &organisations
A Fanstone		IRIS Ministries	3,540	2,625
SWheway		Hellenic Ministries	3,540	2,625
Christian Aid			1,500	1,125
Open Doors			1,500	1,125
Fusion		Student ministry	3,000	2,250
Tanzania Project			5,040	3,750
New Wine		Home mission	4,925	1,125
Saffiers			3,540	2,625
Resource		Alison Morgan	3,540	2,625
ROC UK			275	300
Leicester Citizens			1,000	1,000
Safe Families for Children			500	500
International Justice Mission			500	1,000
Holy Trinity Church	Plant		3,000	6,000
Whipton Church			1,000
Mission 24			1,000
Evangelical Alliance			100
Home for Good			500
Church Action on Poverty			500
Legacy Ministries —SBraker			3,540	2,625
Community Money Advice				100
CPAS				500
			42,040	31,900
Giving to individual	mission
L Dobson —Mission			80
S Korrai —Mission			80
P Neto —Mission			300
A Silva- Mission			300
LWasukulu —mission			300
Slltecehncio —Mission			300
J Morris —Mission			300
CAnaele —Mission			500
PCC leaving gifts			370
J Patel				1,000
5 lltchenco —Visa Costs				887
Andrew Cannon				200
Slltchenco- Mission Costs				150
5 Nantes —Mission Costs				60
S Rudge				1,000
			2,530	3,297
Total mission payments			46,676	38,062